법적으로 인도에서 외환을 거래하는 방법

인도인에게 외환 거래가 불법입니까?
나는 지금 외환 거래자입니다. 나는 몇몇 포럼에서 현재 RBI 가이드 라인에 따라 인도인에게 외환 거래가 완전히 불법이며 감옥에 갈 수 있다고 읽었습니다. 나는이 문제를 극복하는 방법을 알고 싶다. 아무도 그것에 대한 법적 해결책을 제공 할 수 있습니까? 고맙습니다.
그것이 사실이라면 어떻게 인도에 외환 브로커가있을 수 있습니까? 이 포럼은 mq4 및 프로그래밍에 대한 것입니다. 중재자가 편집 한 내용은 논제가 아닙니다. 특정 중개인은 여기서 논의 할 수 없습니다. 너 자신의 연구를해라.
& quot;이 리소스는 MetaQuotes 언어 4에 관심있는 거래자와 자동화 된 거래 시스템이 통신하는 사이트입니다. & quot;
나는 지금 외환 거래자입니다. 나는 몇몇 포럼에서 현재 RBI 가이드 라인에 따라 인도인에게 외환 거래가 완전히 불법이며 감옥에 갈 수 있다고 읽었습니다. 나는이 문제를 극복하는 방법을 알고 싶다. 아무도 그것에 대한 법적 해결책을 제공 할 수 있습니까? 고맙습니다.
인도에서는 합법적으로 4 쌍만 거래 할 수 있습니다. USDINR, GBPINR, EURINR 및 JPYINR입니다. 그것도 선물과 옵션 시장에서만. 현물 거래는 없습니다. 또한 MetaTrader 4/5를 사용하여 거래하지 않습니다.
그러나 정부의 제한을 극복하는 까다로운 방법이 있습니다.
너는 해외에 살고 그 나라의 citzenship을 가지고있는 trustable 친척 / 친구가있는 경우 (FOREX 거래가 합법적 인 곳). 그에게 돈을 보내서 그의 이름으로 계좌를 개설하십시오. 그런 다음 인도에서 무역. 언제든지 당신의 친구에게 철수하고 귀하의 인도 은행 계좌로 돈을 보내달라고 요청하거나 인도에있는 가족들에게 귀하에게 금액을 제공하도록 지시 해 줄 것을 요청할 때마다 (그 금액을 인출 할 수 있음).
나는 지금 외환 거래자입니다. 나는 몇몇 포럼에서 현재 RBI 가이드 라인에 따라 인도인에게 외환 거래가 완전히 불법이며 감옥에 갈 수 있다고 읽었습니다. 나는이 문제를 극복하는 방법을 알고 싶다. 아무도 그것에 대한 법적 해결책을 제공 할 수 있습니까? 고맙습니다.
하이 형제 님, 당신은 온라인 외환 인도 거주자를 거래하는 것은 불법입니다. 그러나 나는 "검열하지 않습니다. 많은 걱정을한다면 두바이에 가서 HSBC 은행에 국제 은행 계좌를 개설 한 다음 외환 계좌를 개설하고 온라인에서 온라인 거래를하십시오. 인도 HSBC에서 NRI 계정을 개설해야한다는 의미입니다.
예, 인도 소매 상인에게는 불법입니다. 그러나 NRI라면 법적 가능성이 있습니다. 여기에 간단한 토론이 있습니다.
너는 해외에 살고 그 나라의 citzenship을 가지고있는 trustable 친척 / 친구가있는 경우 (FOREX 거래가 합법적 인 곳). 그에게 돈을 보내서 그의 이름으로 계좌를 개설하십시오. 그런 다음 인도에서 무역. 언제든지 당신의 친구에게 철수하고 귀하의 인도 은행 계좌로 돈을 보내달라고 요청하거나 인도에있는 가족들에게 귀하에게 금액을 제공하도록 지시 해 줄 것을 요청할 때마다 (그 금액을 인출 할 수 있음).
이것은 당신이 대부분의 시간을 할 수있는 것입니다.
나는 지금 외환 거래자입니다. 나는 몇몇 포럼에서 현재 RBI 가이드 라인에 따라 인도인에게 외환 거래가 완전히 불법이며 감옥에 갈 수 있다고 읽었습니다. 나는이 문제를 극복하는 방법을 알고 싶다. 아무도 그것에 대한 법적 해결책을 제공 할 수 있습니까? 고맙습니다.
제 첫 번째로 필요한 것은 다른 나라의 은행 계좌이므로 정부가 거래를 검사 할 수 없다고 생각합니다. 일단 당신이 다른 나라에 본사를 둔 외환 브로커로 계좌를 개설하기에 충분해야합니다.
나는이 문제에 대한 해결책을 생각하고 있었다. 자금을 이체하고 은행 계좌를 거치지 않고 moneybookers / skrill을 사용하여 철수하면 정부가 감지하지 못하게 될 것이라고 생각하십니까?

인도의 해외 외환 거래 - 법적 또는 불법.
인도에서 해외 외환 거래 - 법적 또는 불법.
인도로부터의 해외 외환 거래는 인도에게는 불법입니다. 인도 시민권자는 해외 / 외환 브로커에게 직접 또는 간접적으로 자금을 송금 할 수 없습니다. 전자 / 인터넷 거래 포털을 통한 외환 거래. RBI 순환 RBI / 2013-14 / 265 AP (DIR 시리즈) Circular No. 46 전자 또는 인터넷 거래 포털은 허용되지 않습니다.
인도 중앙 은행 (Reserve Bank of India) 대표가 전자 또는 인터넷 거래 포털을 통해 해외 외환 거래를하는 사람이 발견되면 즉시 법률 A ct (FEMA), 1999 & amp; 구제청은 또한 많은 해외 ​​Forex 중개인이 그러한 거래와 관련하여 증거금, 투자 자금 등을 수령 한 다른 은행 지점의 개인 또는 독점적 인 우려의 이름으로 계좌를 개설한다는 사실을 발견했다.
타 은행 고객이 포털이나 웹 사이트에서 외환 거래를 계속하는 RBI는 신용 카드 나 다른 전자 채널을 사용하는 인도 은행 계좌에서 해외 웹 사이트 또는 엔티티 & amp; 그 후 동일한 해외 법인으로부터 신용 카드 또는 은행 계좌로 현금 환급을받습니다.
온라인 뱅킹 시설이나 신용 카드를 고객에게 제공하는 은행은 고객에게 인도에 거주하는 모든 인물이 & amp; 직접적으로 또는 해외에서 해외로 간접적으로 어떤 형태 로든지 해외에서 전자 상거래 또는 인터넷 거래 포털을 통해 지불하는 것은 외국환 관리법 (Foreign Exchange Management Act, FEMA)에 위배되거나 1999 년 (KYC) 규범 또는 AML (Anti Money Laundering) 조항과 관련된 규정 위반에 대해 책임을집니다.
RBI가 허용되지 않는 이유 해외 외환 거래?
RBI는 높은 수익을 보장하면서 외환 거래 또는 투자를 제공하는 전자 / 인터넷 포털에 의해 발행 된 광고에 주목했습니다. 많은 회사들은 심지어 외설적 인 사람들과 접촉하여 외환 거래 / 투자 계획을 수행하는 에이전트를 고용합니다. 불균형 한 / 엄청난 수익의 약속으로 그들을 유혹하십시오.
인도 중앙 은행 (Reserve Bank of India)은 허가받지 않은 거래에 대해 돈을 송금하거나 예치하지 말 것을 국민들에게 경고합니다. 많은 유권자들이 그런 유혹스러운 제안에 빠져들게 된 결과로 조언이 필요하게되었습니다. 최근 과거에 돈을 많이 잃어 버렸다.
전자 / 인터넷 거래 포털을 통해 해외 외환 거래에서 아직도 많은 인도 거래.
그렇습니다, 그것은 여전히 ​​매우 많은 인도 국민이 해외 외환 거래를하고 있습니다. 그러나 실제로 그들은 불법 활동을하고 있습니다. 요즘 RBI는이 문제에 대해 매우 엄격합니다.
NRI는 외환 거래를 허용합니까?
예, NRI가 외환 거래를 할 수있는 제한은 없습니다.
인도인이 외환 거래를하는 법적 방법은 무엇입니까?
1) 인도 루피와 짝을 이루는 외환 거래가 가능합니다. MCX-SX, NSE 통화 세그먼트에서 거래 할 수 있습니다. 현재 4 가지 통화 쌍이 허용됩니다 (USD-INR, EUR-INR, GBP-INR, JPY-INR)
2) likeOverseas Forex Broker 인도 통화 브로커는 또한 좋은 레버리지를 제공합니다 (USD-INR 거래는 마진의 1 % -2 % 만 필요함).
해외 forex 무역 pls에 관한 질문은 아래 의견에 쓸 자유롭게 귀하의 제출 된 ID에 회신을 얻을.
관련 게시물.
일중 거래 일.
& # 838; & # 038; 당일 거래 금지.
Forex를 거래하는 법적 방법.
기본 주식 시장.
일중 거래 위험을 최소화하는 방법?
공매도는 얼마입니까?
데이 트레이딩에서 Pivot Point를 사용하는 방법?
옵션 거래 란 무엇입니까?
Forex 거래 란 무엇입니까?
얼마나 많은 종류의 주식 시장 분석?
기술 분석이란 무엇입니까?
인도의 인터넷 거래.
15 개의 댓글.
Phillipenes에서 공부하고 있는데 온라인 외환 거래를 할 수 있습니까?
인도에 돈을 보낼 수 있습니까?
온라인 외환 브로커를 이용한 해외 외환 거래는 인도에게는 불법입니다.
나는 해외 회사를 만들고 해외 상인과 인도에서 그 회사의 이름으로 거래 할 수 있습니까?
어떤 방법 으로든, 온라인 해외 외환 브로커를 사용하여 해외 외환 거래는 인도 거주자를 위해 타점에서 허용되지 않습니다.
외환 계좌 개설 후 인도 이외의 지역에 정착 한 NRI로부터 계좌에 자금을 지원할 수 있습니까?
온라인 외환 브로커를 통한 해외 외환 거래는 허용되지 않습니다. 인도 시민권자인 경우 공개 계좌를 개설 할 수 없습니다.
인도에서는 외환 거래가 불법이지만 많은 해외 ​​forex 중개인은 인도에 사무소를두고 고객에게 Bluemax 자본, Hantech 시장, 심지어 forex와 같은 계좌 회사를 열도록 유인합니다. 그럼 법정도 뭐니?
결정은 너의 것이다.
INR을 전송하고 INR을받는 것은 불법이 아닙니다. 우리는 인도 은행 하나와 계약을 맺었습니다. 그것은 모든 것을 할 것입니다 & # 8230; 한 외환 중개인이 나에게 & # 8230; 그건 사실이야. pls 도와 줘.
공유해 주셔서 감사합니다. 나는 아직도 인도에서 거래를 시작해야하는지 확신 할 수 없다.
나는 당신이 당신의 포스트에 소개 한 모든 개념에 대해 사실대로 동의합니다.
그들은 정말로 설득력 있고 명확하게 일할 수 있습니다. 그럼에도 불구하고, 게시물은 있습니다.
초보자를위한 매우 간단한. 너 확장 해 주시겠습니까?
다음에는 조금이라도? 게시물을 가져 주셔서 감사합니다.
인도 거주 시민이 외환 거래를 할 수있는 INR 쌍을 다루는 플랫폼을 제안 할 수 있습니까?
안녕하세요. 모두 & # 8230;
그 때까지는 알고 있습니다.
4 inr 쌍 및 2015 훼미 행위에 따라 업데이트.
또한 인도에서 외환 거래를 허용합니다.
하지만 내 질문은 내가 몇 가지 해외 외환 브로커 권리가있다 ..
입금 보너스도 없습니다.
나는 이익을 많이 얻고 내 전자 지갑에 저장합니다.
이제 제 질문이 있습니다.
규제 된 인도 외환 브로커.
내 외화에서 벌어 들인 전자 지갑에서 자금을 예금 한 경우
그리고 저는 인도 루피 한 푼도 쓰지 않습니다.
그래서 인도 fx 중개인에 입금.
현지 은행에서 돈을 인출 할 수 있습니까?
이 방법은 rbi에게 합법적인가 아닌가?
제발, 누구든 도와주세요. & # 8230; ..
제발 브로커의 이름을 제공하십시오 인도에서 거래 서비스를 제공하고 인도에서 규제됩니다. 법적 중개인 목록.
두바이에 거주하는 NRI입니다. Forex Trading에 관심이 있으시면 세부 사항을 알려주십시오.
회신을 남겨주세요.
20 % 할인 + 무료 SMS 자문.
무역 계획 당 15 루피.
Zerodha로 계정 열기.
교육 주제.
브로커 리뷰.
Stockamj 웹 사이트는 일중 거래에 대한 주식 중개인 및 개인 견해에 관한 최상의 정보를 제공합니다. 우리는 또한 귀하의 요구 사항에 따라 최고의 주식 중개인을 제안합니다.
세부 정보를 제출하면 휴식을 취할 것입니다.

법적으로 인도에서 외환 거래하는 방법
인도 출신이기 때문에 외환 거래의 법적 측면에 많은 의구심을 갖고있었습니다. 그래서 나는 인도에서 Forex Trading이 합법적인지 불법인지 조사하고 답변을 찾았습니다.
나는 법률 전문가가 아니므로이 짧은 논평에서 내 대답은 변호사를 위해서 작성된 것이 아니라 인도에서 Forex 거래를 찾고있는 일반 사람들을 위해 작성되었습니다. 따라서이 짧은 연구는 현지 전문가들과의 짧은 회담, ETF 거래 및 선물 거래에 관한 정부 규제를 읽음으로써 Forex Trading이 인도에서 합법적인지 또는 불법인지 여부를 파악하는 데 기반을두고 있습니다.
첫 번째 질문 : 인도에서 Forex를 거래 할 수 있습니까?
이 질문에 대한 공통적이고 가장 직접적인 대답은 물론입니다. & # 8211; & # 8220; 거기에는 의지가 있습니다. & # 8221;
Forex Instruments를 제공하는 인도 거래소 (NSE, BSE, MCX-SX)와 인도에서 Forex를 거래 할 수 있습니다. 그러나 인도 거래소는 현재 거래 목적으로 USDINR, GBPINR, JPYINR 및 EURINR 쌍을 제공합니다.
인도의 외환 거래.
당신이 인도 거주자이고 외환 거래를 원한다면 위에 언급 한 것처럼 모든 수단을 교환 할 수 없습니다. 따라서 짧은 글로벌 Forex 시장 에서처럼 인도에서는 그렇게 세계적이지 않습니다. 외환 (외환) 시장은 통화의 매매 (통화 교환 매매)를 허용하는 분산 된 세계 시장이지만, 이 분산 시장을 주권 위협으로 보는 국가들이 있습니다. 따라서 주권 문제로 인하여 인도 정부는 인도에서의 외환 거래를 제한하고 있습니다.
왜 우리는 외환 시장을 필요로합니까?
외환 시장은 통화 변환을 통해 국제 무역과 투자를 돕습니다. 예를 들어, 미국의 한 사업체는 인도로부터 물품을 수입하려고하며, 미국 사업체는 인도 루피 단위로 수입 물품을 지불해야하지만, 그 기본 수입은 미화입니다. 많은 소매업 종사자들은 외국환이 직접 추측을 지원한다는 것을 알 수도 있고 모를 수도 있습니다. 통화의 가치에 대한 평가, 두 통화 간의 이자율 차이를 기반으로 한 추측.
"법을 작성하는 것은 쉽지만, 통치는 어렵습니다."
따라서 인도 정부는 외환 거래를 금지하지 않았지만 인도 거주자들의 거래를 INR (Indian Rupee)에 비해 벤치마킹 된 통화 쌍으로 제한했습니다. 인디언 거주자 인 경우 인도 중개인을 통해 거래하는 경우 NSE, BSE, MCX-SX와 같은 인도 교환기에 액세스하고 통화 파생 상품에 대한 액세스를 허용하는 것은 전적으로 합법적입니다. 이러한 거래 가능한 수단은 EURINR, GBPINR, JPYINR 및 USDINR입니다.
그러나 2015 년 12 월 10 일 인도 중앙 은행 (Reserve Bank of India)은 거래소가 3 가지 통화 쌍으로 외환 선물 계약과 외환 거래 옵션을 제공 할 수 있도록했습니다. RBI는 거래소가 외환 선물 계약을 제안 할 수 있도록 허용했다. EUR-USD, GBP-USD 및 USD-JPY 쌍으로 표시된 외환 거래 옵션이 즉각적인 영향을줍니다.
인도가 외환 거래를 제한하는 이유는 무엇입니까?
질문에 답변하려면 & # 8211; & # 8220; 인도가 외환 거래를 제한하는 이유는 무엇입니까? & # 8221; 우리는 타점 성명서의 주된 이유를 조사 할 필요가있다.
그럼, 인도 준비 은행 (RBI)의 논리를 연구하자. EURUSD를 '인도 이외 지역'으로 거래하면 상인 / 중개인, 당신이 잃는다면 RBI에서 미화를 살 것입니다. 이는 경상 수지 적자 (외환 준비금 부족)를 증가시킨다. 인도의 모든 사람들이 외환 브로커 및 인도 외의 거래자들과 외환 거래를하는 경우, 대다수의 상인이 결국 상실하는 거래의 악명 높은 특성으로 인해 RBI는 상당한 액수의 달러를 잃게됩니다. 이러한 미국 달러의 유출을 막기 위해 인도 정부는 INR을 더 싼 가격으로 판매함으로써 더 많은 달러를 사면서 INR의 평가 절하를 유도했습니다. 따라서 인도에서의 Forex 거래가 제한적인 이유에 대한 간단한 논리가 있습니다.
인도에서 거래 대 미화 대.
위에서 언급했듯이, 나는 인도에서의 Forex 거래의 경우에있어 정확한 사실이 있음을 기억합니다. & # 8220; EURUSD, USDJPY 또는 EURJPY 또는 기타 가능한 조합을 거래하고자한다고 가정 할 때 현지 교환에서는 그러한 수단을 제공하지 않습니다.
이 경우 USDR과 EURINR을 거래하여 INR이 제거되고 기술적으로 USD 대 EUR 거래가 종료됩니다. 그러나 이런 식으로 십자가를 통해 Forex를 거래하는 것은 큰 단점이 있으며 거래 비용이 증가하고 종종 유동성이 부족합니다.
한편 CFD 플랫폼은 인도에서는 합법적이지 않으므로 광범위한 관점에서 레버리지 거래는 인도에서는 허용되지 않습니다. 당신은 상인으로서 당신의 한계를 알고 그에 따라 행동해야합니다. 지금까지 정부는 소매업 자들을 단속하지는 않았지만 인도에서 불법적으로 운영되는 다수의 중개인에 대한 주요 단속이있었습니다.
교육 아카데미에서 교육 학교 또는 컨설팅 기관에 이르기까지 다양한 이름으로 인도에 지사를 설립하려는 브로커가 규제되고 규제되지 않았습니다. 이 단체들은 종종 누군가가 지방 당국에보고 할 때까지 몇 개월에서 몇 년 동안 활동을 중단합니다. 2016 년 초에 xDirect 인도 사무소 습격과 같은.
국가 목록 외환 거래는 제한되어 있습니다.
벨로루시 보스니아 & amp; Herzegovina 브리티시 컬럼비아 (캐나다) 불가리아 버마 중국 (엄격한 규정 및 행사 총 금지) 쿠바 인도네시아 아이보리 코스트이란 라이베리아 마케도니아 말레이시아 몬테네그로 미얀마 나이지리아 북한 파키스탄 퀘벡 (캐나다) 루마니아 대한민국 스리랑카 (최근 휴양) 세인트 헬레나 수단 수단 시리아 우크라이나 짐바브웨.
인도는 외환 거래를 제한하는 유일한 국가가 아닙니다. 사실, Forex 거래는 전 세계적으로 약 20 개국으로 제한되어 있습니다. 이 국가들은 선전을 통해 자신의 시민들을 외환 거래 (온라인 또는 오프라인)로 몰아 넣습니다. 종종 당신은 서부에 대한 그림을 악마로 그리는 이들 국가를 보게됩니다.
인도의 경우, RBI가 정의하지 않고 다른 쌍으로 거래하는 것은 FEMA 법에 따라 불법입니다. 온라인 중개인을 통해 인도에서 거래되는 외환 거래는 인도에서 위반 행위가 아닙니다. 많은 온라인 중개인과 함께 개인 투자자가 자신들을 통해 법적으로 수행 한 외환 거래를 주장하는 것을 오도합니다. 또한 RBI는 소매 투자자 / 상인이 큰 시간을 잃는 것을 막기위한 제한이 있다고 주장한다. 그러나 많은 인도 시민들은 주된 이유는 통화 유출을 막는 것이라고 믿는다. 그 사이에 인도는 재정적 변화를 겪고 있기 때문에 RBI는 앞으로의 한계를 극복 할 것이라고 믿는다.
우리가 뭔가를 놓쳤다 고 생각하니? 아래 의견란에 알려주십시오.

인도의 Forex 거래는 무엇입니까? 법적인가?
몇 일 전 페이스 북의 한 회사 대표로부터 메시지를 받았으며 & nbsp; 국제 비즈니스 기회 & # 8221; 내 고객에게 FOREX TRADING이라고 불렀습니다. 그녀는 한 달 안에 8 %에서 95 %까지 수익을 올릴 수 있다고 주장했습니다. 그러므로 이것이 합법적인지 여부에 관계없이이 제안을 살펴 봅시다.
인도 루피의 개입이없는 곳에서 인도의 외환 거래는 불법입니다. USDINR, EURINR, GBPINR 또는 JPYINR과 같은 인도 루피의 참여로 교역 할 수 있습니다.
이 정보를 모두 공유하는 이유는 미래에 그러한 함정에 빠질 수 있습니다. 그래서이 정보를 공유하고이 Forex Trading에 대한 인도 규정이 실제로 무엇인지에 대해 알리는 것으로 생각했습니다. 아래는 흥미로운 토론입니다. (그녀가 대표하는 경영진 및 회사 이름)
회사 경영진 - 안녕하세요, 저는 여기 실파입니다. ABC Consultant라는 다국적 기업에서 일하고 있습니다. 나는 당신이 재무 계획 자임을 알아야하므로 국제 상품 및 통화 거래에 관한 사업 제안서를 여러분과상의하고 싶습니다 !!
귀하가 벌어 들인 수익은 달러이며, 수익률은 한 달 안에 8 %에서 95 % 사이입니다. 이것은 단기간에 큰 이익을 얻을 수있는 유일한 산업입니다.
귀하의 회신을 기다리고 있습니다!
Basavaraj - 오 & 이제 우리가 시작하자.
회사 이그제큐티브 - 전화를 걸어 ABC의 전반적인 그림을 설명 할 수 있도록 연락 번호를 보내주십시오.
Basavaraj - 먼저 규제 문제에 대해 논의 해 보겠습니다. 이 거래가 수행 될 규칙은 무엇입니까?
회사 경영진 - 우리는 ABC 국제 컨소시엄 (HIC)의 그룹 회사이며 ABC는 인도네시아 규제 당국의 등록 회원입니다.
BAPPEBTI 인도네시아 파생 상품 청산회 회원 자카르타 선물 거래소 회원 상품 거래위원회 회원 해외 거래에 대한 제재 조치로 HIF는 이제 고객에게 광범위한 거래 및 투자 기회를 제공 할 수 있습니다.
Basavaraj - 등록 규정에 따라 인도에서 사업 할 것을 요청합니까? 인도에서 발생한 교역을 누가 규제합니까? 인도네시아 또는 다른 국가들을 잊어 버려도 인도에 살고 있으며 누가 이러한 거래를 채권자에게 논의할까요?
회사 이그제큐티브 - 선생님, 우리는 자카르타에 본사를두고 있으므로 교환에 의해 직접 규제를받습니다.
거주 인디언은 오늘날 다양한 인도 금융 기관을 통해 통화로 거래 할 수 있습니다. 그러나 현재 거주하는 인디언은 인도 루피 (USD / GBP와 같은)를 포함하지 않는 통화 쌍을 예정된 은행이나 기타 규제 기관 인도의 연방 준비 은행 그런 통화 쌍에서 무역하기 위하여는, 사람은 인도 외부에 외국환 무역을 처리해야 할 것이다.
Basavaraj - 자카르타는 괜찮아요. 하지만 돈은 인도에서 투자 될 것입니다. & # 8230; 당신은 인도에 사무실이 있다고 주장하고 있습니다. 궁극적으로 당신은 규제를 받게 될 것입니다. 그럼 누가 너를 통제하니? 아니면 미래에 내 거래?
2004 년 2 월 4 일자 AP (Dir Series) Circular No.64, 2004 년 12 월 20 일자 Circular No.24, 2007 년 5 월 8 일자 Circular No.51, Sept. 9 일자 Circular No.9에있는 조항을 통해 회사 Executive-RBI 26,2007 및 2009 년 7 월 1 일자 Circular No.05 / 2009-10은 거주자 개인이 부동산 취득 및 보유, 주식, 주식, 교환 상장 자금에 대한 연간 최대 미화 20 만 달러를 송금 할 수있는 권한을 부여했으며, 채무 증서, 스톡 옵션 및 인도 밖의 인덱스 옵션을 인도 준비 은행의 사전 승인없이 사용할 수 있습니다. 개인은 또한 준비 은행의 사전 승인없이 본 계획 하에서 송금을하기 위해 인도 이외의 은행과 외화 계좌를 개설, 유지 및 보유 할 수 있습니다.
Basavaraj - 그래서 아무도 규제하지 않을 것이라고 주장하고 있으며 이는 토지의 법에 따라 합법적 인 것이 아닙니다.
회사 이그제큐티브 - 합법적입니다, 우리는 CFD를하고 있습니다. 즉, 인도 계약서에 차이가 있습니다. 합법적이지는 않지만 CFD가 아닙니다. 우리는 가격 차이만을 물어 봅니다.
Basavaraj - Resident Individual이 부동산을 취득 및 보유하고, 주식, 주식, 외환 거래금, 채무 증서, 스톡 옵션 및 인덱스 옵션에 투자 할 수있는 연간 최대 미화 200,000 달러를 위와 같은 위의 회신에서 인도 준비 은행의 사전 승인없이 인도. & # 8221; 외화 환불이 누락되었습니다. & # 8230;이 부분을 자세히 설명해 주시겠습니까? 따라서 인도에서의 외환 거래가 법적 권리가 아니라는 것에 동의하고 있습니까?
회사 이그제큐티브 - 예! 우리는 CFD & # 8217; 외환 거래가 아닙니다.
Basavaraj - again & # 8230; . 이 CFD가 합법적입니까? 누구의 규제하에이 거래를합니까? 희망이 링크는 개인적으로 눈을 뜨게 될 것입니다.
회사 경영진 - 그건 합법적이지 않습니다. 우리는 BAPPEBTI (ITS LIKE SEBI in India)의 지시에 따라 거래하고 있습니다. 그리고 우리는 자카르타 선물 거래소 (Jakarta Futures Exchange)가 규제 한 바 있습니다.
Basavaraj - 자카르타 또는 다른 규제되지 않은 국가 출처가 아닌 인도 규제 기관이 필요합니다. 회사와 관련된 문제, 상대방으로부터의 불이행 또는 기타 기술적 인 문제가있는 경우 자카르타 미래 교환 또는 BAPPEBTI에 접근해야한다고 말하는 것입니까?
간단히 & # 8230; . 너는 틀린 문을 두드렸다. & # 82 ;; 미안.
회사 이그제큐티브 - 인도에서 당신이 거래 한 것이 무엇이든간에, 주문을 할 때 봄베이 증권 거래소에 가고 봄베이에서 거래 할 필요는 없습니다. 그래서 여기서도 우리는 자카르타의 회원입니다.
Basavaraj-Agree & # 8230; . 나는 당신의 회사를 고소 할 필요가 있는지 아니면 내 무역을 불이행 할 필요가 있는지 물어보고 누구에게 접근해야합니까? 자카르타 레귤레이터?
회사 이그제큐티브 - 지금은 그런 일이 없었습니다. 우리는 인도에 등록되어 있으며 Bangalore에 물리적 인 사무소가 있습니다. 귀하가 가지고있는 질문이 무엇이든 여기에서 상담 할 수 있습니다.
Basavaraj - 당신은 회사로 등록했을 수도 있지만 SEBI와 중개인으로 등록되어 있습니까? 또한 과거에 발생하지 않았 더라면 미래에 아무 일도 일어나지 않을 것이라고 당신이 보장하는 것.
회사 경영진 - 우리는 인도 시장과 관련이 없으며, 우리는 국제 시장에 있으므로 SEBI에보고 할 필요가 없습니다. 사실 타점과 SEBI는 BAPPEBTI에보고해야합니다. 그래서 우리는 바로 그 일원입니다. 내일 추수가 없더라도 BAPPEBTI는 다른 중개인과의 거래를 계속하는 것과 같은 두 가지 옵션을 제공하거나 전체 금액을 인출 할 수 있습니다.
바사바 라즈 - 그게 다야? RBI와 SEBI가 BAPPEBTI에 참여한다는 사실을 알지 못합니까? 이 주장에 대한 증거를 제출할 수 있습니까?
회사 이그제큐티브 - 자카르타에서 문서 2 부를 얻을 것이므로 모든 것이 문서화 될 것입니다.
Basavaraj - 문서를 묻지 않을 것입니다. & # 8230; 먼저 규제 당국에 대한 나의 의심을 분명히하십시오. RBI와 SEBI가 BAPPEBTI & # 8230; . 그래서 나에게 증거를 제공하면 내가 당신의 첫 고객이 될 것입니다.
회사 경영진 - 인도와 관련된 RBI 및 SEBI, 그러나 BAPPEBTI는 아시아 규제 기관입니다. RBI는 거주자 개인이 부동 부동산 취득 및 보유, 주식, 주식, 교환 거래 자금, 채무 증서, 스톡 옵션에 투자하기 위해 매년 최대 20 만 달러 (현재 75,000 달러로 수정 됨)의 달력 연도를 자유롭게 송금 할 수있는 권한을 부여했습니다 인도 밖의 지표 옵션 등이 있습니다. 우리는 RBI의 허가를 요청해야합니다.
Basavaraj - 그러나 그들은 외환 거래를 포함하는 위의 라인에? BAPPEBTI가 아시아 전체를 규제하고 있습니까? 증거를 제공 할 수 있습니까?
마지막으로 & nbsp; 반대편에서 답이 없음 🙂
아래는 인도 루피를 포함하지 않는 인도의 외환 거래가 불법임을 확인하는 몇 가지 링크입니다.
RBI (최종 업데이트 : 2013 년 9 월 30 일)에 의한 주민 (개인)을위한 FAQ의 전체 목록입니다.
링크 위의 희망은 우리에게 온라인 플랫폼을 사용한 거래가 불법임을 분명히 보여줄 것입니다. 그러나 위의 회사에 대해서는 의심의 여지가 있습니다. 그 대표는 방갈로르에서 전화를 받았고 규제에 대한 두려움없이 어떻게 공개적으로 제공하는지 알려줍니다. 규제 당국을 구성하십시오. 최근 사하라, Harshad Mehta, Stock Guru India 또는 Saradha Chit Fund에서했던 것과 같이 행동하지 마십시오.
Basavaraj Tonagatti.
Basavaraj Tonagatti는이 블로그 뒤에있는 사람입니다. 그는 6 년 동안 블로깅에 종사하고있는 Independent Certified Financial Planner (CFP)입니다. BasuNivesh 블로그는 인도의 10 대 개인 금융 블로그 중 하나로 선정되었습니다. 그는 금융 상품 / 서비스 제공 업체와 관련이 없습니다. 이 블로그의 목적은 개인 금융 인식을 확산하여 정보에 입각 한 재정적 결정을 내리는 것입니다. & # 8221; 이 블로그 / 코멘트 섹션 / 포럼에 주어진 견해는 제기 된 주제 / 질의에 대해 더 깊이 알아보고 정보에 입각 한 결정을 내리는 독자의 참조 및 안내를위한 설명입니다. 이것들은 투자 조언이나 법적 의견으로 해석되어서는 안됩니다. & # 8221;
하이, 나는 방갈로르 출신이고 .. 나는 XM 브로커 거래, 상품, 외환 및 모든 거래를 통해 안전하고 / 싫은가요? & # 8230; 또는 이것과 관련해서는 아무런 문제가 없다. kinldy가 나에게 제안 해. & # 8230;
Raj-Simple은 그들이 SEBI에 등록되어 있는지 여부를 확인하는 것입니다.
나는 당신이 forex에 관하여 잘 모른다 것을 생각한다. 외환 거래는 합법적입니다. 나는 상인이다. 이제 나는 외환 거래를하고 있습니다. 모른다면 대중에게 잘못된 단어를 게시하지 마십시오.
Priyaranjan - 나는 당신이 거래하고있는 중개인을 알고 있습니다. 그가 SEBI에 등록되어 있는지 여부를 알려주십시오. 그런 다음 우리는 누가 옳고 그른지에 대해 토론합니다. 너 뭐라구? 🙂
나는 외환 거래와 관련하여 인도 법을 모르고 온라인으로 외환 거래 계좌를 개설했습니다. 나는 400 달러를 양도했다. 지금 나는 규제에 대해 알게 된 후에 거래를하고 싶지 않습니다. 그것은 국제적인 기업들의 덫이었고 나는 그것에 착수했습니다. 나는 그것이 잘못 행해진 것처럼 결백하다.
Neeraja - 나는 당신에게 대답했다.
하리오 룸 바사 바랏 T.,
심지어 나는 똑같은 문제에 직면하고있다. Neerja 쿠마르로서, 나는 영국의 bforex와 함께있다. 나는 또한 200 인형을 양도했으나 아직 이윤을 얻지 못했고, 8 일 이래로 규정에 관해 알게되었으므로 무역을 중단하고 더 많은 거래를위한 법적 서류를 요청했지만 적절한 답변을 얻지 못했습니다. 이 문제, 어떻게이 결과에서 합법적 인 경우에도 알려주십시오 어떻게?
Devaraj - 너를 소개 한 사람을 잡아라.
나는 지금 무엇을해야합니까, 나는 그들에게서 나의 금액을 인출 할 수 있습니까, 나를 안내해주십시오.
Devaraj - 즉시 철수하는 편이 낫습니다.
나는 또한 이익을 남기거나 금액을 입금해야만 철수해야하며 철수에 대한 세부 사항을 묻는다면 그 돈을 줄 수 있습니까?
Devraj - 전체 금액을 인출 할 수 있습니다. 그들이 왜 묻고 왜 설명을해야합니까?
안녕하세요, 며칠 전 한 사람이 내게 왔고 홀링이나 FD (고정 예금) 계정을 제안 해주었습니다. 상태는 : -
내가 1Cr INR 계정을 보유하고 있으면 RTGS를 통해 3Cr INR을 미리 알려줄 것입니다.
그는 외환 거래에서 지주 계좌를 사용할 것입니다. 나는 이것이 진정한 과정인지 아닌지 알고 있습니까?
그것에 빛을주세요.
Prashant - 가짜 주장입니다. 절대 그러한 주장에 의존하지 마십시오. 그가 여전히 투자를 요구한다면, 당신은 그에게 불평 할 수 있습니다.
나는 Forex 거래에 대해 알고 intrested .. 만약 내가 어떤 제안이나 조언을 제발, 제발, 내게 외환 거래를 배우는 데 도움이 될 것이라고 & # 8230;
인도 주재원으로 해외 중개인과 상품 거래를 할 수 있는지 알아야합니까?
Animesh - 해외 중개인이있는 이유는 무엇입니까?
나는 매우 낮은 롯트 크기와 낮은 손실을 보았고 요구되는 양은 적다.
Animesh-Trade는 고객님의 책임하에 수행됩니다.
빠른 답장을 보내 주셔서 감사합니다. 저는 어떤 종류의 위험인지 알고 싶습니다.
Animesh - 사기가 났을 때 어떻게 잡을 수 있습니까?
답장을 보내 주셔서 감사 드리며, 우려 사항은 FEMA가 문제가되는지 여부입니다.
Animesh - 많은 법률이 역할을 할 수 있고 당신을 왜곡 할 수 있습니다. 그러므로 나는 처음에는 자신의 위험을 감수해야한다고 말했다. 너와 함께 쉬어 라.
바이너리 트레이딩 (Binary Trading)에 대한 아이디어입니다. 또는 그것이 합법적인지 여부입니다.
최고의 플랫폼 미국, 영국 및 기타 국가는 이러한 유형의 거래를 허용합니다.
그러나 인도 정부는 바이너리 거래에 관한 어떤 규칙도 통과시켰다.
Yogesh - 나는 이것을 모르고있다.
좋은 아침입니다.
forex에 관하여이 모든 것을 모르는 사람에 대한 당신의 의견은 무엇입니까? 그리고 그 / 그녀는 forex 거래에 들어가고 지금 forex 거래를 할 수 있습니까?
나는 2 년 전 250 달러 (약 13000) 루피로 4 배의 거래를 시작했으나 언젠가 회사가 인도 지국을 떠날 때마다 모든 것을 잃어 버렸습니다.
찬단 - 나쁜 경험을 공유해 주셔서 감사합니다. 다른 사람들이 당신의 경험에 적어도 귀 기울 이도록하십시오.
선생님은 어떻게 forex에서 거래를 시작 우리 나라는 그렇게 허용하지 않습니다 pls 공인 중개인은 인도에 그래서 forex 회신 거래를 시작합니다.
내 질문은 신용 브로커의 이진 거래를 위해 간접적으로 돈을 이체하는 데 skrill이나 paypal을 사용하는 경우입니다. 어떻게 돈을 어디에서 가져 왔는지 은행에서 알 수 있습니다.
예를 들어 스킬을 사용하여 거래에서 은행 / a / c로 금액을 이체하는 경우 회사 은행의 이름이 공개됩니다. 가능한 방법 skrill 그것이 forex 돈이었던 정보를 흘릴 것이다. 그리고 그들은 우리가 프리랜서, blog, 가입 등에서 제공했던 서비스에서 그것을 간단하게 말할 수 있다고 우리에게 묻는다.
Mayank - 먼저 신뢰할 수있는 브로커의 신뢰를 확인한 다음 행동하십시오.
너무 빨리 답장 해 주셔서 고맙습니다.
중개업자가 어떤 이유에서 100 % 신뢰할 수 있으며 또한 내 이론이 정확하거나 구멍이 약간있는 것보다 적은 금액을 넣지 않을 것이라고 말합니다.
실수로 미안하다. 돈을 버는 데 10 달러 이상을 쓰지는 않을 것이다.
Mayank-이 특정 게시물에 대한 모든 댓글에 대한 간단한 대답은 결국 당신의 책임입니다. 왜냐하면 결국은 돈이 아니라 내 것이지 & # 8221;입니다.
선생님 에반 선생님, 우리에게 외환 거래의 법적 중개인을 제안하실 수 있습니다! 우리는 당신만큼 전문적이지 않습니다.
Jagdeep - 정보를 얻으려면 전문 가용 브로커가 아닙니다.
하지만 선생님은 브로커 경찰이 우리에게 도움이 될 수있는 많은 기술을 가지고 있기 때문에 올바른 브로커를 위해 우리를 도울 수 있습니다! 당신은 중개인이 아니지만 이미 외환 사기에 대한 우리를 도왔습니다.
Jagdeep - 수천 명의 중개인이 있습니다. 내가 어떻게 할 수있는? 결국 당신이 선택할 수있는 것은 당신의 위로입니다.
iforex. in, forex, mtraders. in 등의 INR / USD 쌍과 거래 할 수 있습니까? 법적으로?
Shubhanshu - 그들이 SEBI에 등록되어 있다면, 그 이유는 무엇입니까?
고마워. 질문 : 그래도 인도에있는 미국 MBS에 투자 할 수 있습니까? 어떻게 이뤄지나요? 그것은 합법적이며 규제를받습니다. 그것은 우리 시스템에 존재하고 있습니까 (심지어 불법입니까?).
아쇽 - MBS 란 무엇입니까?
This is regarding Forex trading in INDIA by a company name SIX Capital( Singapore Based). SIX Capital is providing training of Forex trading and after training they will select for trading as a trader. here 200+ students are attending their training and company is going to open their office in Mumbai very soon for Forex trading. But as you have already discussed earlier that Forex trading in INDIA NOT INCLUDING INR IS ILLEGAL and this is absolutely right as per RBI regulation. My question to you is that should I quit this training or question them regarding this issue.
or is it possible that they can do it by outsourcing.
Pls, suggest me about this, waiting for your response.
Sumit-Please question the issues of what I said above. Let them show the SEBI registration. Otherwise, you inform them that you first write a letter to SEBI about their company. If SEBI have no issues, then you will go ahead. I think they run away 🙂
Hi , I am presently staying 7 months overseas and 5 months in India for any financial year.
I have an NRI account and receive remittances for my salary from overseas.
Want to start FOREX trading.
The income I receive is non taxable and plan to invest in FOREX.
Can I start forex trading without any legal hassles.
Aditya-At your own risk YES.
Is commodity trading ( (xau/usd) legal? the leverge is 1:100.
Purvi-First check whether the broker offering such platform is registered with SEBI or not. That too check with SEBI portal. If he is registered with SEBI, then legal.
it is not but i have already made investment. what do i do now? lost 75% of my investment.
Purvi-You can’t do anything but a BIG LEGAL BATTLE. Get ready if you need that cash back. I hope you got my point about legality of such platforms.
Can i convicted of any charges for investing? The company made me sign a couple of forms which made them free of any liability i suppose.
Purvi-This is what they do. They take signature and we blindly sign on those papers. You will not be convicted, but if the amount of cash you lost is MORE to you, then I suggest you to take the legal step immediately.
Please let me know if I will face any issue following below method,
1. I will send money to my friend India account.
2. Open forex account in my friend name and he will fund the account from his foreign account.
3. Withdraw profit to his foreign account.
4. Transfer money to my India account.
Then pay income tax on this amount in India stating as other business income (like freelancing, consulting etc) or as GIFT.
Sanjay-First try to find a friend who is ready to help you in this illegal act. If he can join you. Then my best of luck 🙂
Well according to me it is not illegal act!! it is just a way to do things, not anything illegal.
Abhishek-Advance congrats 🙂 Go ahead brother..
here is how you can complaint against RBI.
you will have to send them with detail and they need to replay you within 35 days.
Do you have any idea about the regulations for Binary options trading in India?
Prateek-I am not aware of it.
is there any legal platform for trading forex in India if not shall i quit forex because i am new to trading thinking to earn some decent money.
Satish-There are many ways in earning decent money like equity.
hello sir firstofall thanks for the guidance..i am in commodity market i am getting my funds by broker directly to the bank. i think in the same format forex also works. my question is “is it possible if bank or IT asks me the source of money..if i said i gain from commodity market whether they will accept or not i want to know. because commodity is legal..
Venkatesh-It depends on your luck and AO’s mood 🙂
pls tell me Forex Trading fantastic Opportunity its legal or not ?
Just received a message about a fantastic Opportunity for Investors in Forex Trading :
1) Min 30 Lacs to. Max 50 lacs investment.
2) Period of investment – 2 options : 20 days option and 40 days option.
3) ROI : 60% on investment after 20 days ( eg : For 50 Lacs investor gets 80 lacs after 20 days. Profit of 30 lacs) . 4) Agreement will be signed.
5) ROI will be transfered through RTGS to the same bank account from where the investment is made.
Kalpana-It is still illegal. If the person is so confident of 60% return then why he is running behind clients for investment? If that much is the return then in few months he may be WORLD’s RICHEST PERSON. Then why he is begging you to invest? Simply understand the basics of investment rules-1) Anything illegal is always dangerous and may leads to lost in your principal too. 2) Higher return always leads to higher risk. Think and decide.
hello sir, but theres still a large number of people trading in the forex markets , and brokerages freely operating in the country how the hell are they getting away with it . after so long how come no action has been taken. on top of that dont think the banks are freezing any accounts as such also.
Abe-I am not sure of how they operate.
I am an NRI staying in Saudi Arabia, in this case, can i trade in international commodity & forex market.
Kindly provide more details or website link, in my case.
Kumar-Check the legality of the Saudi Arabia.
I know the meaning for RBI…please can you tell me the meaning for SEBI.
Vijai-Please can you GOOGLE it? 🙂
Dear Mr Basavaraj,
I am a Mechanical Engineer with over 20 yrs of exp.
I want to change my career and planning to persue.
a career in finance by doing CFP. How is the scope.
and job prospects for a CFP professional in India ?
Please give me your frank opinion.
미리 감사드립니다.
Shivashankar-Each profession comes with it’s own positive and negative things. At the same time, I am not downing you for not pursuing the CFP. Opportunities are best but CFP is just a door to learn personal finance. Also, considering the dynamic nature of knowledge, regulatory issues, you must opt the ways very sensibly.
Will suggest me the legal sources of forex and share trading in india.
Sanjay-Google the RBI and SEBI Guideliens.
can it is a legal webtrader website. i have active a live account and deposit 100$.now how i withdraw this mony. plzz help me.
Brajagopal-If it is SEBI registered then it is legal. Check for the company registration with SEBI and also follow above rules.
What if the traders win contest prize money in forex broker and trade with those money ? Are such withdrawals accepted in India because there is no deposit from the traders end.
Also one can consider to be signal providers through demo accounts and if they are successfully making money through their signal providing service. This has no rules to violate.
Ashvini-It is still illegal (whether the money deposited from trader end or not). Virtual trading is different and there can be any type of underlying asset to trade and there is no such restriction.
Thank you for the fast response. So, providing signal service through demo accounts should serve as analyst job. There are many account managers who manage foreign clients fund and any remittance to India is considered as income which is legal.
I am totally new to trading and don’t know basic terms .
I made an account in IFOREX website and I told the representative of website on being called over phone that FOREX is illegal in india. He said that if you invest in Gold/ Platinum etc which involve transaction in INR , then its not illegal. He sent me following link to ascertain that upto $250000, its legal :
Pls guide me what should i do.
Sachin-It is purely illegal and if they are making the trade with a combination of INR then let them show the SEBI registration. The link says investment not specify forex.
is it legal to open a demo account(dealing with virtual money) with an overseas forex trading website.
Jaskaran-If it is DEMO without any money transactions like virtual trading platforms then no issues.
can a broker be registered with sebi and be working through an overseas forex trading website ? if so, will the transactions and trading in pairs involving indian rupee considered legal.
Mukul-Promoting such forex is also illegal.
Hey sir, my sister lives in USA if i deposit money in forex from USA and operate forex trading from india is it legal?
Jignesh-How you make sure to come back that money in India? What reasons you say to IT Department or Banker? What will be the tax implications to your sister in USA? Whether you have answers to all these questions?
Sir What is the best alternative of Forex Trading in india with Legality and What is the minimum age for doing it.
Aman-Any adult can start doing trading. You can trade in currency trading.
Hey Please tell me can i do Forex Trading via Nord Forex India Pvt. Ltd. ?
RAvi-If it is within legal frame which I mentioned above then you can do it.
Sir…he is saying i can do in INR which is legal i think so…they are using NOW platform for trading in INR…i have to give them a check for opening my account & last six months bank statement…so can i go for this…Please suggest…& also tell me when it will become illegal.
Ravi-Please check whether they are the registered broker with SEBI.
A Private trader in India is asking for some money for doing some forex stuff. I am not at all in finances and dont know any thing about finance. But he is offering 10% every month on the investment. He is known to my relatives. Is it so much profitable that he can give me 10% every month. He does not have any office, he is doing trading from his house. Kindly guide.
RSA-My simple advice is STAY AWAY. More return means more risk. If he is so confident of offering you monthly 10% then why he is begging the money??
One thing that I would like to tell you about forex trading legal or not ?
& gt; RBI have absolute powers to decide and regulate any financial activity in india.
& gt; As they (RBI) have not mentioned exactly anything about legal status of FOREX trading .
& gt; So people are coming up with their own theory of ” legal” or “not legal” .
& gt; Due to absence of any exact status of legality from RBI some people are not doing it and others are doing it without any issue .
Vinay-Please refer the links I provided then decide whether RBI is particular about this issue or not.
I got a call from svsfx. They claimed to have a subsidiary company in india which manages their financials which is as per rbi and sebi norms. Intially I thought this is legal ( I am a bit dumb!!)…opened an account with them. Later on I understood that what they were doing is actually hawala transactions. They have an account in india and we deposit money in inr which is converted into dollars and the process is same when we have to make a withdrawal.
1.The problem is I opened an account with svsfx.
How should I get out of it.
What will be the consequences if I dont operate the account or if I withdraw the money I deposited and leave the rest?
Rbi circular says forex is allowed but leveraging is illegal. How far is this true.
Arjun-Contact the same officials to close it. I don’t know much about it. Also, hope other readers of this post understand now about my opinion that how these companies running their business illegally.
deat sir plz tell me that forex trading is legal or not and why beacause ufx exwcutive says no problem when u withdrawl 10 lac below amount and no rbi enquiry for it above 10 lac transaction rbi prohibited so i want to 100 dollars investment no upper so can i do it or not and if i do so then which type of punishment have to get me plz reply me because a lot of no. people are trading in forex who live in india .
Kamal-I explained the legality already.
Plz sir tell me many people are trading in forex who lives in India and still no legal action taken by our government why? And tell me can I trade in future currency and bank also involved in foreign transaction and no action taken by them . in lower amount can I trade in forex or not and do then what will happened.
Kamal-Whether Govt acted or not is left to it. But here I am putting the legality. Rest is left with you to decide.
its really knowledgeably blog…apart from forex there is a lot of information regarding investment planing but may I KNOW why forex trading is illegal in india…i try to find out why it illegal…although there are more immersing country like india give permission to trad in forex market….forex broker i think not cheater they are regulated by some designed authority like FCS, MIFID, CYSEC,….and a lot..they have thier proper platform and advance platform for trading…their deposit and withdrawal process also very esay…now the question come…how do i know about it…i was at dubai few year back…i revived a call from one of forex broker representative he teach me some thing about it..few week i did research on it…first i invested 5 k usd that i lost with in 1 month…again i deposit 5 k usd and 4 month i trad with them…after 4 month i withdraw 46 k usd…
broker was also upset with me but i made money with my knowledge…
so find out some way to do it..dont go against regulation..but there would be way…as big corrupt ministers and……doing.
Arun-If big corrupt ministers breaking law means we too? Is the Forex trading only way to earn money? There are enough opportunities for traders in India itself then why this ONLY?
Is hyip is legal in india.
Kishore-what do you mean by HYIP? I never heard about this.
High yield investment program(hyip) similar paid to click(ptc)
is it legal to mining bitcoin from india? Another question is, if i transfer dollar from perfect money to paypal and then to my bank account, is there any problem of indian regulation?
Basant-I am not aware that much about Bitcoin legality. Obviously it will be problem if it is illegal money, first your bank itself will ask the source of money.
sir, will bank ask the source of money if the transaction amount is very small amount about 20000 per month?
please sir give some solution.
Basant-Yes, they ask especially if it is from out of country.
what will happend if i tell them from bitcoin mining? And please suggest what would be safe to tell about source?
Basant-Then they want to know whether the source you said so is proper or not. Sorry, I am not here to break the law and help you. Instead, I suggest you opt the legal way. Now it is left with you.
i just want to know about Liberalised Remittances Scheme? please explain it.
what would be the maximum punishment for this activity as like unable to say the source of income or illegal source of income?
Basant-Contact Bank Officials.
Hi Basavaraj Tonagatti ,
Your article gives a clear insight about Fx. Do you have any suggestion or insight about about Kumar sayings on March 1, 2015 at 12:20 PM.
Ram-1) Why I have to go to foreign for the sake of Forex Trading? 2) Company formation for an individual for the same of Forex Trading? Seems to be bit over exicited to do at whatever cost 🙂 3) He seems to be trader or someone from broking firm, who claiming that only FOREX trading is a BEST profession. But negating the risks involved. This is how the commmon man be in trap and loose money. Trading is too risky. 4) Whether trading in Forex is only way for common man uplift? Too strange. 5) Why only small backward countried allowed such trading and why not developed countries? Also, is it necessary to follow other countries blindly? 6) He seems to be more of a activist than a knowledgeable trader. Let him get more expeirence and maturity about TRADING 🙂
Hope you got my answers for his lengthy comment 🙂
I am a forex trader and I love trading in forex. I also have traded in Nifty and I have watched USDINR or other currency pairs in Indian exchanges. I want to tell you..if you want to make good money..go to forex…yes it is b best option so far. Best volatility and best volumes. If you do not know technical analysis then trading is gambling for anyone in any market. If you know how to trade then you can make money anywhere but if you want make lot of money then only place is forex. AND MOST IMPORTANT EVERYONE KNOWS WHO MOVES INDIAN MARKET . IT IS BETTER TO TRADE IN FOREX WHERE NO ONE CAN MOVE MARKET IN THEIR FAVOUR.
Suhas-Best of luck 🙂 May I know the exact meaning of IF YOU KNOW HOW TO TRADE and LOT OF MONEY THEN ONLY PLACE IS FOREX.
You think you re an expert in english? Oxford university certified?.Try to answer the questions rather than asking silly questions.
Sarath-I am not proclaimed myself as an EXPERT 🙂 Please check your facts and let me know where I mentioned myself as an expert. Silly questions? Let the readers of the post decide. I don’t know why it is hurting you so much if I input legality of Indian law 🙂
I have answers for all your questions.
1) Forex markets are extremely volatile and have a lot of money making oppurtunites. The amount traded in EUR/USD alone is equal to 10 times the amount traded in all stock exchanges in the world together in a day and 1,00,000 times the amount traded in nifty.
2) Trading is not too risky if you have proper money management and pre determined rules. This is what you know as an expert? A simple assertion that “TRADING IS TOO RISKY”.Risk is everywhere. You work for hours in office. You risk obesity and diabetes sitting in the same place.
3)Many countries in the world including DEVELOPED countries allow forex trading. Of course, FOrex trading is where money exchanges hands and there is a good chance you can make money from a small investment.
4) Indian market is riskier than forex market, here promoters control equities and rob poor people off their money. RBI, with all its money put together cannot manipulate the EUR/USD pair by even 0.01%.The market cap of Indian equities is simply too small to eradicate such manipulations.
5)Oh!! You can measure a person’s trading skill by a few comments? Lol.
Hope you got my answers for your lengthy comment 🙂
Sarath-Volatility is Good or bad? Trading is too risky a simple assertion is same as MONEY MANAGEMENT and PRE DETERMINED RULES 🙂 May I know those DEVELOPED countries please…Do you know who the manipulator of Indian market? It is not the promoter. Please check your facts of how much % the promoters hold and how often the buy and sell. Hope you correct your facts before stating that FOREX is the only money making strategy of this world 🙂
You Know why Rasoya protiens trading at 20 fell to 0.8?
You know why Allied Digital Services trading at 250 fell to 20?
You Know why India Bulls Wholesale services fell from 30 to 10?
You know why gitanjali jems fell from 600 to 40?
You know why C Mahendra Exports fell form 150 to 6?
You know why Subex fell from 600 to 6 ?
Promoters are manipulators in all these cases. Promoters create bullish sentiment for poor retailers to buy. When everybodys in, the promoters dump the stocks creating panic among retailers again. Thats ho they steal the money. Retail traders who dont have enough money to manipulate anything are the losers finally. This is how stock market works. Now tell me. Forex trading is banned only in Belarus.
Bosnia & Herzegovina, British Columbia (Canada),Bulgaria, Burma, China (Strict regulations if not total ban),Cuba, India, Indonesia, IvoryCoast, Iran, Liberia, Lithuania , Macedonia, Malaysia, Montenegro, Myanmar, Nigeria, North Korea, Pakistan, Quebec (Canada),Romania, South Korea, Sri Lanka (Recently relaxed but not confirmed),St. Helena, Sudan, Syria, Ukraine Zimbabwe. Rest all the developed countries allow forex trading - France, Germany, Italy, Spain, England….
I know all about crap indian equities and why L&T finance always lingers in the range 65-75.Please try to accept. Risk is everywhere. You as a financial expert should know about these more than me about all these manipulations. Nobody Cares about rupee at all. Even Indians dont buy rupee against the USD then How do you expect some Foreign Investor to buy our countrys’ stocks and currency. Thats the pitiful situation of our country , equities and ever deteriorating rupee..
Sarath-It the lack of knowledge that makes you to invest in such companies which you named. When I am INVESTING then the current L&T range of 65-75 not matters to me. Also, do you feel there is no manipulation in forex trading??
Those companies were really good before promoters started robbing investors money. Its not the lack of knowledge. Well, Can you name a few companies with your great knowledge that will give me returns 5 years from now? I am ready to invest. Moreover if I make losses from the names you suggest, will you compensate me for the losses incurred because of your advice. You said I lack Knowledge. Well, no one can suggest anything. Because RISK is everywhere. Lol, if you invest, it doesnt matter how the stock moves. What a joke. Imagine a person who invested 65 lakhs in L&t. He will lose a lot even if stock moves by a small fraction. Whats the guarantee that stock will always move up after you invest? What if it doesn’t even after 20 years.?Will you keep the money INVESTED adamantly till you reach 70?
And coming to your final question. Manipulation in forex. I already told you its not easy to manipulate forex as it is to manipulate a stock. Simply because huge amount flows in and out. Since it involves huge amount of risk to manipulate forex, even banks are not brave enough to take the risk of manipulating forex, as they appoint qualified traders to trade on their behalf who trade with strict rules. Not like as you said, invest and forget. You are wrong. The current range should matter to you even if you invest. May be as a certified financial planner, you only throw pieces of advice to your clients to INVEST AND FORGET ABOUT CURRENT RANGE. IT DOESNT MATTER AS YOU’RE INVESTING. After a few years your clients will be after you. Caution.
Sarath-Equity investment meant for 5 years? This where you and me getting different views 🙂 Check your facts about equity INVESTMENT. Volatility is inherent. But it subdue when we invest for long term. When you invest in cheap stocks or the stocks which recommended by the so-called experts (who in turn brokers) then there is high possibility that they turn to negative. Look at people who look for value investment. For example Basant Maheshwari and Manekar (a person recently in news due to UB). Invest and Forget is not meant for any investment.
The difference between you and me is, you are negating the views of stock market TRADING, but I am putting the views of stock market INVESTING. Hope you understand the difference 🙂
Hi! Mr. Sarath i like very much your opinions and comments , i agree your comments regarding this issue..
i am alos professional Forex trader like you sine 2010, plz send me your contact to my mail, we can share our views which may help a lot both of us.
thanks in advance.
Bro, i have read allot about this Forex illegality in INDIA, and fed up reading.
I am also a trader earning a good amount. Not only me but there are so many traders earning through forex and withdrawing in lacs per month in INDIA, still no problem.
-So i am planning to go to foriegn country and open a bank account there and withdraw all my PROFITS in that bank account, and there are some banks in foriegn countries which provides instant bank account opening to Foriegners within 1-2 days. Then tell if i do like this and come back to india , and use that money here is it still illegal. i dont think so it will be illegal.
-And as per RBI it is stated that, We can transact $75,000 per year, and we dont have to give any reason for such transaction to RBI or Bank. If it is done in a safe way.
& # 8211; Read carefully and reply back what you say about this.?
Exorcist-Best of luck 🙂
Thanks bro, I am just happy that i’ll be doing trading legally in some months. 🙂 Being a Forex trader is a Proud moment for me.
Exorcist-Is the tag “FOREX TRADER” or “MAKING MONEY” makes you proud??
I am Proud of Being a “Successful Forex Trader”. And I am also Proud that i will be living a “ROYAL LIFE”. “TRADING IT’S A LIFESTYLE NOT A JOB”. 😉
I want to tread in forex. what ways to tread in fx??
Many readers of yr blog they say by opening nri account. And etc…
Tell me ways i am confused.
Pls reply on my .
Hardik-For what purpose you want to trade?
an I do forex trading for research/ education purpose? and how?
Ashish-Trading is trading, whether you do it for business, learning or whatever reason.
for educational purpose u dnt need any ones permisiion or real money open a demo account and trade as much as u want.
SK-Such facility is called Virtual Trading.
I am also a forex trader, a signal provider and pool account manager in forex business from last 4 years and able to develop a very big and good forex earning business model where a comman man easily can earn from 10,000-50,000 INR sitting at home and can improve the life of a comman man or weaker section . After reading all the points above i would like to mention few points here please and need support –
1. Forex trading from India is illegal and there is no doubt about it but we want to do it legally from India and its legal way is you can be NRI and use the own account into that particular country where forex trading is legally allowed and can remit your profits into NRE account and can show the concern authority about your earnings and pay taxex accordingly and it is legal because you have used your stored capital for the forex trading there not by remitting funds from India.
2. You can form a company out side India ( where forex trading is legally allowed ) as a subsidiary of your Indian company ( Indian company will be parent company but this for those who have already own any company in India ) and remit funds outside to subsidiary company and subsidiary will do forex trading and will revert you the benefits as a dividend and it is legal.
3. As this is the world’s largest business ( more than 5 Trillion USD per day ) so no doubt if someone has its knowledge and proper risk management then life can be changed in short span of time and i do not feel personally that there is such a good earning opportunity on earth except Forex trading and for indian people where unemployment and poverty too high then why Indian Government is not allowing to do for a comman man ( whereas all political party and leaders talk about comman man so i think they should be serious on this business opportunity and make the laws accordingly ).
4. Its my view that most of the Indian Political Parties and Leaders ( except few leaders but may be they do not know about forex trading potential so could not be focused on this ) talk about the welfare of the people but never think seriously to do for them because if comman man will be financially strong then never will accept their dirty politics so they think that comman man should be always poor and struggler with there problems.
5. If this business have not good potential and liking with mass then why millions of millions of people attracting towards it. Very small small countries like Mauritius. Singapore. Hongkong, UAE, Indonesia, Japan and many more have allowed forex trading legally in own country then why not India. I think it is the totally matter of intentions and nothing else. Is there not involved risk for the comman man there ?
6. I am not a follower of any party but i know the power of aam aadmi ( comman man ) its result we have seen in Delhi election so my view is that we should all forex trading lovers should organise and make a common sign letter and give to Shri Narendra Modi sir who is our hourable Prime Minister as he thinks always about comman man and think for the bottom people and when we all shall be together present our interest and concern then we hope that sure he will re think and talk to the concern authorities to do it legally from India. As he has also own drive for online ( Digital India ) concept and Skill Development program. I think Forex Trading skill should be covered into his skill development program. We are also interested to do it legally from India and i am more confident that India has the best tallent in world and best growing your population so we can bring huge capital to our financial institutions through forex trading and can change jointly many comman man life. I am also a trader and can generate up to 30% per month profits easily from forex trading.
7. Already millions of people doing this business by wrong way which is also a huge loss for the government and my view is that indian government can get good revenues through this business if legally allowed.
8.So i think for this program please me and decide jointly how we can be collective for this concern and can be reach our message to the government. I think huge unemployment can be remove by this business . I need your valuable feed back or suggetion please. All the best.
I agree with your views and ready to support your campaign. Let us make a concrete plan and put before Mr Narendra Modi. If lakhs of Indians support definitely we will win.
Mr. P. Kumar sir plz contact with me i want to talk with u via phone i m also Forex Trader .
i have read ur thoughts i m fully agree with u.
Hope u contact me.
Mr. P. Kumar, even i would support for your campaign. I have always thought of this but no support.
How do we move this forward to the government, please let us know of this.
If I do options trading with ICICI bank, will the bank ask for clarification? ICICI seems to be liberal. Do they oppose forex trading and binary trading? 고맙습니다.
Ashish-Option trading they allow. But forex trading where Rupee not involved is hard for you to get it from ICICI. They may be liberal, but not to that extent that to close the business shortly 🙂
Is the above mentioned option refers to the Binary options ?
예. Its binary options Ommi.
Sir is exness is fraud company or not.
Sudhir-I don’t know about this.
Is there any amendment made on FMEA . Is the forex trading still Illegal in India? Recently i am seeing lot of advertisements and people involvements in this trading..
Also resident Indian can hold foreign stocks?
Sokkan-As of now there is no such amendment and the above post still holds valid.
What about holding a foreign stock? Consider stock of Accenture which is registered with NYSE….Is a resident Indian allowed hold that stocks?
Sokkan-Stocks will come under investment but not trading and hence allowed.
Have you read through the following notifications….is this anywhere related to this topic?
Foreign Exchange Management (Deposit) Regulations, 2000 – Exemption thereof, RBI/2014-15/360 A. P. (DIR Series) Circular No.51, 17-12-2014.
Overseas Direct Investments by Indian Party – Rationalization / Liberalization, RBI/2014-15/371 A. P. (DIR Series) Circular No.54, 29-12-2014.
Sokkan-It is nowhere mark to Forex Trading.
I want to ask that is Binary trading legal in India or not ?
If you are not aware of above question can you suggest me anyone legal person who can answer the question ?
Ommi-I think Binary trading is a strategy of trading than a platform. If my understanding is correct then you can do so in India.
Sir, I want to know basic difference between forex and binary trading.
Suppose, if I earn any money using binary then am i suppose to pay any tax? Etc.
Thanks for helping.
Sir plz reply, waiting for your precious answer….
Hello Mr. Basavaraj,
Do you know about binaryoptions? Is it also illegal in India?
Vansh-I am not aware of it. Because I am not trader.
Trading in international commodity market is legal or not. can i choose hic platform for commodity trading or it is also illegal.
Kiran-It is already answered above.
Yes but in above article it is mentioned for currency trading only. i am asking for commodity.
Kiran-Check with your broker before going ahead. I don’t feel it is necessary as currently in India commodity trade is very much active.
sir plz tell me that xforex is safe site for forex trading and if i deal with my icici ac than it is permissable . plz reply as asap.
Varun-I am not sure about the firm you mentioned. So trade at your own risk. But yes if you do with ICICI then no problem.
nordfx. in is Certified by SEBI can i trade with this broker?
Hari-They are registered and you can trade with INR to Dollar like that. So you can do that. But I can’t guarantee about broker and trading facilities they provide or the profit or loss you bear by going with them. Do at your own risk.
hello sir i request some details.
I live in india my BROTHER PR in singapore . can i trade FX using His bank a/c .
if i get money from his bank to my indian bank account is illegal?
plz give me advice.
Mani-You can trade in your brother’s account. But what income source your brother shows when they ask for source of income?
If I intend to provide my skills on forex trading to NRI’s under PAMM account. And earn commissions or service charges from those accounts, will it be treated as legal?
Can I do that? Can it be shown in my tax return?
Awaiting for your reply soon.
after reading your blog i came to know forex trading is not leagal.
i wanted to know if suppose we wanted to withdraw our amount(big amounts) from the trading a/c to our bank a/c.
then is it also not legal(after paying the taxes),as up now the dollar is getting converted to rupees.
Yuvraj-But what you will answer to Bank officials or tax department about the source of transfer?
so is there any possible way to get the withdrawals. and is it possible to get it in small denominations. like 20k per month so that my total income remains less then 2.5 lakh.
and one more thing if i go abroad for further studies and then withdraw it in my NRO a/c, is it possible.
Yuvraj-I am not aware of the ways which are illegal. So not aware of such things.
ohk. no problem. i’ll find the way out.
Dear Basavaraj Sir.
Could you please share how could we trade in Indian Forex if we want to replicate the same movement / trade from International Pair like EUR/USD or USD/JPY.
Am highly grateful to you for Creating this Post.
Ankit-As I said above, you can only trade with rupee as one currency against rest of currencies.
hello sir, recently i opened an account in bigoption/ i can trust this because they asking for documents to submit. so in future we may not face problems from money laundering issue.
Vikram-What documents are they asking? Also how you arrived to conclusion that there will not be any issue if they are asking for documents?? It is completely an eyewash.
Hi, I have a question can we advice forex scrip (e. g USD/EUR or NZD/USD) in public domain at what price to buy and sell as I am in India. Will it be legal.
Sharma-You can give advice if you follow the rules and regulation stipulated for an EXPERT. I am not aware of the regulatory framework of currency expert advisory.
TradersWay is legal or not legal.
I have invested Rs 6000 ($100 Dolar). Pl advice.
Yajuvendra-Check it’s legality if for currency trading then it must be with rupee otherwise it is not legal. I will not comment on any organization or company. It is up to them to take risk and it is your wish to put your money.
I have read one article which contains “100% LEGAL WAY TO TRADE FOREX FROM INDIA”
As of content of the article – A person has to open an International Bank Account in his name and then transfer funds from India to his International Bank Account by using LRS Scheme of RBI, and when your funds trnasferred from India to International, the legality of India is closed. And then open a Trading Account which operated under a regulations by the Same Country. Then all the legalities shall apply in their country and it should be treated as LEGAL.
My Question is : “IS IT LEGAL FORM TO TRADE FOREX” by using the said manner ?
Please reply with your best answer.
Awaiting your reply very very soon.
VNS-This may be way of avoiding the legality. But how you bring back the earned income to India bank? The answer to your question is explained by themself only stating that it illegal 🙂
no Forex trading is iligal in India. My one friend is working that like field.
is CFD allowed in India?
Parth-It is not allowed to trade.
how to open account &broking office.
Mahesh-Please contact SEBI.
According to law Funding from India in forex trading is illegal. So what? Nothing is impossible. There are many other ways to fund that can be hide from RBI. Like paypal and money bookers. so dont worrry guys. Funding through money bookers is safe and RBI cant see what you doing from this account. So, Invest it, Trade it and Live it…..
Vijay-You are free bird to take risk at your own 🙂
Dear Basavaraj , it is great to share such things. Enlighten me if I may do forex trading with Indian Infoline IIFL, is it legal.
Bijen-Yes it is legal as they abide by law of land.
Dear Mr. Tonagatti,
멋진 기사. Good insight about Forex trading in India and government regulations.
One thing which I did not like here is the negative views about Forex trading. As you may be aware of the fact that several people are trading Forex successfully using some consistent strategy/method. The problem with Indian laws and lawmakers particularly in last couple of decades – they lack balanced thinking while making any laws. They lack vision and mostly their thinking is one-sided while framing any law. Laws are meant to cover almost all situations and almost all people and benefits almost all those come under law. Also, they are supposed to provide checks and balances to make it harder to violate such laws. Of course there will be exceptions and few corner cases but in this Forex laws they are totally ignorant about the people who can successfully trade Forex and change their lives for better. Person from poor background can become financially well-off with Forex trading if he has right skills. I am not suggesting that Forex trading is easy and everybody can trade successfully. But, there are certainly some people those who can Trade successfully. And these so called laws are not fair to these people.
Ash-I am also not against Forex Trading but against crossing legality of land. You may say many things but still there are risks involved and common Indian investors who are more of FD savvy can’t understand these products. But let us hope for future Govt regulations and law changes for few intelligent investors 🙂
I’m from India, and I’m forex traders, and I can say that it is the best thing that has ever happened to me.
Forex trading is not legal in India, however it is one of the most risky business, but I can say that Forex has changed my life!
And I would never ever quit forex trading, so I have decided to go abroad to establish my trading Skills.
I already have offer from Canada, Australis, UK and Poland. So I have decided to go to Poland!
I also think that people should get into this business to change their life. 🙂
Shivam-Wow….Best of luck 🙂 I am the Indian citizen and I do trade in legal way 🙂
you are a lucky one…
could you tell me exactly how can i start in forex?
I am also intending to migrate USA as I am a Graphic Designer but I am also very interested in Forex too,
what suggestions you have for me to get successful in future in forex in another country?
heloo shivam..i loved your post…i have started forex trading…i m taking coaching about technical and fundamental analysis from delhi..i love forex business..but recently i came to know that it is illegal in india. but i have decided to make forex as my future business. i am serious about forex..but please help me..i want to trade in eur/usd not in eur/inr….please help me..what should i do.
it is really informative blog. thanks for that. See i am looking for investment where i could get easy returns. recently i came across same kind of company “iforex”. they have website “iforex. in” please i need your guidance if i want to invest in forex currency trading then which company i should refer too. thanks for anticipation.
Amit-Do remember that there is nothing called “Easy Money”. If it is so then think that it is illegal or risk involves is more. First understand your risk appetite then start investing. I am against any such sites which offer these services. Rest is left at you.
Dear Amit, threre are lot of ways to trade forex from india. Im providing forex signals which means when to buy & sell forex currencies. So that you can make atleast 20-30 % every month with a proper Risk and Money management. Pls contact me on [ protected] .
Vendan-What if the result is negative 20-30%? What guarantee you provide? Are you certified?
Hi sir(Basavaraj), i am not invested my own money in forex, I am teaching forex trading in online, and few of my students outside India invest some good money in their forex a/c, and i will trade on that a/c for training them with their own real forex a/c’s (forex a/c’s with my student’s name). I will recieve the payment from my students for my trading performance on their real a/c’s. I just act as a working partner and my student act as an investor.
I will recieve my trading payment of the students a/c through e-currencies like perfect money, neteller, skrill, etc..
i want to know that ” i am trading only in foreigner a/c’s (students outside india) and getting profits from their trading a/c’s through ecurrencies, so my activities are legal or illegal to RBI ?”
If I want to pay Income tax, how i can pay for my income from my student’s a/c(foreigner a/c’s)
Arun-In your case I am not aware whether your status is NRI or not. Second thing is, you are acting on behalf of your students and using their account details to do trade. Also you get your share from your students account to your account. Then legally how you can be liable for any trading done on behalf of your student. But at the same time doing such set of transactions, do you think you are doing right thing on behalf of student who may face some legal issue if their money is transacting from Indian original bank account? You are claiming to be teacher but before giving suggestion better to understand what will be percussion of your student and whether they are doing such acts within the law of land or not. So think yourself and act.
I am trading in forex for 4 years, and till today, there is no problem I faced, I made withdrawal and successfully get money.
I start with free money (Contest).
Last week I made another withdrawal. This time I used another bank account. Today I got call from this bank and they asked about money they received in my name. I told them that this is from forex trading. They said forex trading is not legal in India. Shock time for me, I made another withdrawal in last month and got money without any problem,
What I need to do to complete this transaction. (355 EUR)
Pawan-Good to know 🙂 God bless in your risk taking ability in terms of return and legality.
Just say that you are orking as an affliate for the forex company.
Sarath-When I said it is illegal to do Forex Trading in India (based on facts) then how I be affiliate to Forex Company (which is purely set up on breaking the rule of land)?
I saw all u r commends and what I noticed that apart from this legal issue ….. Here is small story of my trading history with forex currently I am trading in international market from past 4 years prior to this I was ex employ of Indian commodity company heading regional branches in Karnataka for almost 8 years and m also a financial planner for my respected clients now here is comparison between indian commodities and international commodity.
Step 1 : not hedging is allowed in indian market with but hedging is allowed in Cfx there u avoid lose.
Step 2 : fundamental and technical analysation is very easy in international market but here in indian market is possible ?
Step 3 : margin utilisation is very low in Cfx 1:400 leverage and profit spreads also is same but in indian market let me u can’t ?
Step 3 : afcourse I agree that non of indian regulatory are involved in forex but FSA is involved its international govt boby to safe guard the investor money because I trade with ECN brokers they are not a market maker.
Step 4: if u r forex or CFx platform is registered under FSA and listed under ECN brokers then there is no issue with u r investment there are lot value added advantages in international market if u r a smart trader u r going to make money with out fail indian people are fails to make money even thow with smart because market tuning it’s very harder to cone with profit in commodity.
Madhu-Thanks for sharing your views. But do you think that such complicated product (when we look at normal Indian investor) will understand product easily and do his own technical and risk appetite things? Also barring such trading in India is due to some money laundering issues. When you say easy to analyse the international market, may I know in what context you are saying this? Regarding regulatory framework, do you feel for retail investor it is very much easy to interact with international regulator to deal? Also Indian market or investor not to that extent that they can think of international market, because of low penetration to equity market itself. Apart from these for investor there are lot of other options to understand and trade. Why to take such complication and risk your money??
Madhu sir, i’m a Forex trader too but newbie thank you. I have bit confusion in financial matters, i need you guidance on how to withdraw and all. I’m really hving so much hope on this business, Please give your mail id or skype id so that i can contact you personally. Thank you.
I am an indian citizen living in australia on work permit Visa. I have been living abroad from last 2 years and might live for another 2 years. Forex Trading is legal in this country. So If I do forex trading in Australia, will it be legal?
I am not paying any taxes in india and not making any remittances from India to Australia account.
Jay-If no remittance from India or to India then no question of asking. But you have to act according to Australian law.
I might make remittances to India Ultimately when I get any profit. Will it be considered illegal?
Jay-Once you get profit then it get transferred to your Australian Bank Account and from Australian Bank Account to Indian Bank means no issue. But your Indian Bank Account is attached for trading then there will be issues.
Thanks Basavraj, Information you have provided has been very useful.
Thanks for sharing excellent information. I have some questions. Could you please clarify:
Question 1: My situation is also same as “Jay” situation. Having an Australian bank account and have work permit visa. Only problem is after working in Australia I came back to india and I am residing in india now. Now can I do forex trading online from india using my Australian bank account only but not any indian bank accounts.
Question 2: Also if I get any profit in forex trading can I transfer the amount from my Australian bank account to NRE account. Do I need to explain the source of income to RBI. Could you please let me know.
Thanks for your time.
Rohit-You can do so. But how you bring that money to India? You need to explain the source of such amount if tax authorities asked for the same. Because you are staying here and definitely Indian bank officials raise the issue. Then what you say them?
Thank you Sir. Sorry for the delayed response. I have one more question.
I have stayed more than 6 months outside india. In that case I think I attain NRI status. I would like to know.
if there is any provision that NRIs can do forex trading while residing in india temporarily. Could you please.
Rohit-The status of NRI will not come into picture. Because if you are using money transfer facility of Indian origin like your savings, current or NRE accounts then definitely it will be an issue.
Dear Mr Basavaraj,
I have a similar question which I’d be very grateful if you can answer!
I worked for several years in Australia, later became a citizen there and am also an OCI (dual citizenship in India). Now I’m working in India for the past few years, so I’m a resident of India.
I still have some savings left in my Australian bank account – can I use that for forex trading in an account opened there itself?
–> I will use only the existing savings held in Australia and not remit any forex from India.
–> I will take care to correctly report/pay applicable taxes in Australia and India.
–> I would be receiving the profit withdrawals in my Australian bank account, which I would remit to my SB (Resident) account in India as and when required.
–> the trading account is provided by a reputed company having offices in UK, Australia and a few other countries and registered with the appropriate authority/body.
In this scenario would it be legal to trade forex? Please advise soonest possible!
Many thanks in advance!
Shrikanth-But what source you mention when you remit the cash from Australia to India??
I will mention as ‘own funds’ & # 8211; as it would be out of income earned in AUS (on which I would have paid the tax there).
(I have transferred this way several times without any trouble.)
Shrikanth-Currently you are staying in India then how this “OWN FUNDS”? I don’t know what is prompting you to take such risk, when rest of the investments are easily available legally for you.
The legality is what I’m checking with you. Since (a) I’m not using forex remitted out of India and (b) it is openly declared, tax-paid income and (c) I’m a foreign national / dual citizen – does it not fall outside the scope of the FEMA/RBI rules? Can you please explain in detail.
I know there are other options for investments in India but as I have acquired substantial skill & knowledge of forex trading I want to include that in my portfolio if feasible.
I also want to want to check – in case forex trading & and CFDs are not allowable (because they are margin products), how about forex Options (e. g. those offered by Saxo Bank) and Binary Options?
Shrikanth-There is no illegality if you do trading using the Australian Bank. But my question is how you justify the source of amount when you remit the cash to Indian? To be frank, I am not a big fan of trading. But a huge fan of equity investment.
Hi, thanks for confirming there’s no illegality when using AUS bank account… would help if you can point out the specific section or circular for my reference. Regarding the source for remittance to India I will re-check with my bank and CA. I too agree equity investment is good for stable/long-term returns but think this trading has it’s own significance and can be a small part of the total portfolio.
Thanks once again!
Having read and heard abut this a lot there is not doubt that Forex trading is illegal in India. But thousands of Indian traders are still involved in it and the numbers are continuing to increase. I’m not yet involved in any such trading but the question that crosses my mind is “What is it in Forex trading that makes it so illegal?” Why RBI has problems with Indian traders trading Forex?
Vipul-Place where trading takes place are the countries which have loose law against money laundering. So if RBI permits this then easily a best route for illegal activity.
So if money laundering is what RBI is trying to prevent that means Indians are being kept away from an amazing money making opportunity just because there are no proper regulations in India towards Forex trading. Instead of restricting people don’t you think RBI should have a proper regulating body for Forex trading to solve the issue.
어떻게 생각해?
Vipula-It is not a problem of RBI but the problem of countries where trade get executed. These countries have loose laws. Hence to safe guard the Indian economy RBI must act so.
“Safeguard our Economy” Is this what RBI says?
I wonder why in the US, Europe, Australia and UK the regulating bodies feel otherwise. Why don’t they feel it necessary to take such steps to “safeguard their economy”?
Vipula-Economical or in other words the countries you mentioned are not reeling under black money or some other financial threats to that extent than India. Also what is the point in following the so called BIG BOSS blindly? To be frank such forex trading offerings will not be from US, Europe or Australia but from the countries like Indonasia or some other third world countries.
thank you I appreciate the response.
there are forex company’s based in australia, uk, new zealand, germany etc, and that info provided by him that forex services are provided only by third world countries is inaccurate and very prejudiced, there are many local and international traders in fx based from those countries, money laundering are allowed by big indian fishes to hide their black money but not by law abiding regular resident indians who does forex for bread making activity is a very dual sided, discriminated, prejudiced and marginalized policy… hope rbi at least check on the indian traders credentials and allow them to do conditional forex trading if they are that scared of loosing money by sending amounts less than 5000 usd per year.
Bharath-Thanks for commenting 🙂 But why those Australian Forex Brokers not luring Indian investors? Why only from third world countries??
Hello Sir! thanks for bringing your experience in to public, this gave me chance to clear my doubts about Forex Trading 😀 Sir i’m good at Forex trading and i’m earning decent income there, but i didn’t invest any money on my own, i received a bonus from a broker for winning a contest and using that bonus i improved my trading balance and planning to withdraw some. So, when i read about RBI regulations i haapened to see this FAQ.
“Q.27. Can a person resident in India hold assets outside India?
Ans. In terms of sub-section 4, of Section (6) of the Foreign Exchange Management Act, 1999, a person resident in India is free to hold, own, transfer or invest in foreign currency, foreign security or any immovable property situated outside India if such currency, security or property was acquired, held or owned by such person when he was resident outside India or inherited from a person who was resident outside India.”
So my first question is can i receive money from a Electronic payment processor like Moneybooker or Skrill instead of individual outside India? As this company is situated out India but has a branch in India, so even i withdraw through this processor and mention source of income as “Forex investment” that shouldn’t be a problem right? I mean it should be like Gift or insurance for sure?
If above process is not available the only way is to open a bank account outside India 🙁 Is it possible?)
Sidhu-You are understanding it wrongly. Please add your shared RBI ruling with what I shared above regarding holding currency derivatives. Then you will find differentiation. If you transfer through any means and mentioned as Forex Investment then they may unearth the source of investment, where it is invested and whether it is legal or not. So you need to answer all those questions. Opening bank account in your name outside India is solution. But will the country where you are intended to open account is so free that any outsider can open account and transfer funds as their wish?? Think and decide.
Sir I have already transferred some money in the account of aforesaid company but yet not started any transaction. After reading your article now I don’t want to trade with them. Can I withdrawn my money safely?
Ravi-It is better to withdraw immediately, stop trading and if possible close the account.
Sir my question to use is supppose I withdraw funds from these online brokers via e-banks like neteller, moneybookers, etc will it be legal as in my bank statement it will show these e banks names and then I can pay taxes as income from other sources.
Ranmeet-You are right that in bank transactions it will not reflect directly to broking firm. But the question is how and what you mention the source of income, even if you mentioned the income category as “Income from Other Source”?
I think only particular comment you are allowing to post on your blog so only i am not able to post the comment so here is my reply from another mail id…you telling about a company rubbish where i invested and getting proper withdrawals. But i have checked about you DSP blackrock where there are lot of withdrawals in pending, so how can you say yourself you are a certified financial planner? so try to sort out the issues in your DSP blackrock where you act as a certified financial planner adviser bla bla bla…
Pandian-For your information any new reader who comment on blog will first need to approve by me. This is done to protect genuine commenting. Now you are very much free to view your comment and my reply. Also changing name from “Arun” to “Pandian” by commenting from the same IP Address will not mean that you are different reader who is commenting as “Arun”. Both of yours IP address are same. Hence technology is very advance and don’t do such silly things here 🙂 Also for your information I am in no way associated with DSP BlackRcok (as you both are thinking), I think the blogger meet photo published on “About BasuNivesh” is prompting you arrive this decision. But for your information DSPBR actually conducted Blogger Meet and I was one of them among top Indian Bloggers whom they called for meet. You can very much raise your voice against DSPBR, I don’t have any issue. Because I am independent planner.
Since i am not able to comment on the previous mail id replied from another and in that itself i clearly told that i am replying from another mail address…,So i just checked with the change in name can approve the post in the blog….Now all same my full name is arun pandian u can check my mail id…and can u explain me about the question i asked in the previous message.
Arun Pandian-You can check my reply and for your information, I am not at all connected with any company. I am working independent. So no need to name any one company. You are very much free to raise that particular company issue (DSPBR). I don’t have any issue. Please check my previous comment where I already replied.
Mr. Basavaraj I have invested in the same company which you told and i am getting good returns…and one more thing to be added SEBI have no work with NYSE similarly SEBI have nothing to do with (JFX Jakartha Futures Exchange)..I have gone through the conversation the executive reply for all your queries is wright…If u keep on asking doubts no one will answer…if the doubt is really good every one will answer….and one more doubt are acting as a consultant for any other trading company.
Arun-Thanks for your defensive stance 🙂 Being an investor I have every right to ask questions. If something is not as per rule of land then one must not proceed. That is what I pointed. Also may I know what is connection being me being consultant of any trading company and to this issue? Please elaborate more on this so that readers will come know who stands where.
As a investor you have rights to ask n number of questions but when the answer is given you have to realize.
the gen unity of the answer…so from the things i told in previous conversation i think you might have got the knowledge about the participation of sebi in international market….When a person from abroad coming India to trade in Indian market which SEBI? is going to help him in his country where he is staying(e. g Canada)…And do you have any relationship with DSP Blackrock??
Arun-Thanks for commenting. May I know how it is taxed in India on the gains from such trades? I need to pay tax to Govt as I earned from my investment. Hence let me know which Income Tax rule govern such earnings? Never try divert issue about rising the Canada citizen. Regarding my relationship with DSP BlackRock…why can’t you ask them directly? You are more concerned about my relationship with other existing financial institutions rather than resolving the basic point like “Forex Trading in India is legal or not” (from regulatory point of view, but not from your point). If I have any relationship with Indian financial institution also then it will be very much within the legality of Indian law. So I am very much open to this. Can we proceed further on this?? 🙂
All the the investments Which goes from India comes under NRI scheme of investment..The company Which i have invested is fully regulated and i have never faced any difficulties in withdrawal either the Equity or profit…but when i checked with DSP Black Rock…there are lot of issues in the withdrawal which are pending for such a long time and i saw the review of your concern and the reviews are relay bad..So, how you can be a certified financial planner please explain me…
Arun-According to Income Tax law I am Resident Indian and If I do this trade then suddenly how my status will change to NRI? Also let me know one thing, what type of withdrawal are pending since long with DSPBR? If you are pointing towards mutual fund, then friend please read the redemption procedure set by SEBI-maximum time it will take up is 5 working days. No one can delay the withdrawal (apart from genuine reasons). May I know which of my review is bad? May I know in which company you invested so that I can take up with issue further to doorstep of SEBI or RBI please 🙂 I am certified financial planner because I am promoting legality and rule of land. If you have any concern on this then you can very much free to complain to rewarded body.
I seriously laugh at Arun Pandiyan. He has absconded when asked about the company name. Lol.
Elam-Because they know what they are doing 🙂
Nice article…..I know this company and believe me investors are making huge money ranging from 25k to 50 k dollars….and transaction happening through Indian banks…but y they r not getting caught??….the company is running In Bangalore for past 5 yrs and have around 8 branches across india….how the company still surviving?!…even broker’s working thr earning commission in dollars..if it is illegal how the company still surviving. now they stopped trading in currencies but still trading in commodities and US stocks claiming that it is legal and they got certifications which is mentioned in website.!
Abdul-You are right and are operating in a daylight without any fear or regulators. It happens only in India 🙂
I am planning to buy a BDA site in Bangalore and then came to know the original documents are missing from the current seller but all other relevant documents are available like alotment from BDA and sale deeds from the previous seller and EC is OK and in BDA office all the documents are no issue.
Ramakrishna-This is not relevant to the above post. I request you to visit the “Contact Us” page and submit your request there. We will reply.