Is Forex Trading Legal in India ? - Detailed Video | Forex
Information | Currency | Markets | Fx | Video | Assets | Lesson | Trading
Is Forex Trading Legal or Illegal in India? Can I go to Jail for trading Forex in India? This video explains in detail what is the Confusion regarding Forex Trading in India, what is the Reserve Bank of India’s stance, and why it is so hell bent on Banning Forex Trading when there is so much more to do to the economy. This video also explains you the Liberalized Remittance Scheme of India, and how it is to be used and how it is not to be used for Leverage trading and Gambling. Do you know that under the LRS, the Liberalized remittance Scheme, any Indian can send 200,000 US dollars outside of India to invest in Equities, real estate and other things, without taking any permission from the RBI… but Liberalized Remittance Scheme is not supposed to be used for Margin Trading and Gambling. This video explains in detail, how there was Chaos in the post 2007 era of the India Shining, and how many Major International Forex brokers were doing great business in India under the nose of RBI and RBI didn’t do anything to stop them. Forex Trading was never illegal in India, there was and is restriction in trading few currency pairs, but INR pairs were always legal to trade. This video also gives you the good news about how now any ‘Indian can Trade Eurousd, GBPUSD and USDJPY pairs without breaking any FEMA or FERA laws and make money trading right here in India with a Sebi regulated broker. Following is the Economic Times Article : http://articles.economictimes.indiatimes.com/2015-12-10/news/68930415_1_currency-option-eur-inr-futures RBI allows three more cross currency pairs to be traded in derivatives market MUMBAI: Corporates and well-heeled investors will now have more leeway to hedge their offshore currency exposures as the Reserve Bank of India has allowed three more cross currency pairs, to be traded in the exchange traded derivatives market including futures and options. Currently four currency pairs are traded in futures market viz. rupee-dollar, rupee-pound, rupee-yen, and rupee-euro. Of which rupee-dollar was only allowed in options market in domestic stock exchanges like NSE and BSE. "It has been decided to permit the recognized stock exchanges to offer cross-currency futures contracts and exchange traded option contracts in the currency pairs of EUR-$(euro-dollar), GBP-$(pound-dollar) and USD-JPY (dollar-yen)," RBI said in a notification. " Recognised stock exchanges are also permitted to offer exchange traded currency option contracts in EUR-INR, GBP-INR and JPY-INR in addition to the existing USD-INR option contract, with immediate effect." Companies from information technology and manufacturing space are most likely to benefit from this addition as they have growing business associations in Europe, Japan, and UK, dealers said. With the new guidelines the currency kitty has expanded including new pairs, which in turn, will help increase participation in domestic stock exchanges. The central bank announced plans for such inclusion earlier in September monetary policy. Foreign investors too can take bet on these. Moreover, talks are going on to extend timing of futures and options trading to align with other global markets like Singapore, Hong Kong, Europe. Alpari in India https://www.youtube.com/watch?v=2PF8zAvGbI8
Comments
-
Please provide english subtitles if possible.This is a very important topic.
-
I currently make over 200 dollars per day trading options online. If you want to learn how I do it simply send me an email here:
toshtao@gmail. com -
Hello sir, I learned some new information from the video. But i have a question that what if i use e-wallet to trade binary option will that be illegal .
-
Thank u sir I learned new things from the topic.....
-
Sir I was send a mail regarding SEBI registered Fx Broker...plz rply it..
-
Hi Edwardji,
I have sent you mail regarding the SEBI regulated forex brokers names. Please reply to that mail.
Thanks & really nice initiative. -
Sir pls provide the name of the brokers (regulated ) who offer trading in eurusd/ gbpusd/and usdjpy in india ...thanks
-
Can you name any broker offering USD EURO trading legally in India!
-
Thanks!
-
Bet365 is legal or illegal in India ?
-
Hello Sir, Thanx for the video,
I have sent you email for details , please reply...Thanks again. -
Thank You very much Sir. There cannot have been a better video to give me clarity on the legality of forex trading in India. Can you please give me the list of brokers with whom I can trade eur/usd, gbp/usd and usd/jpy legally from India
-
Hii i will hear a trading platform called iq option somewhere. So plz tell me it is legal in india or not legal on trading such platform. If its is illgegal then plz tell me traders list which legal in indian.
-
very nice sir..........good information
-
hello SIR
my question is regarding forex trading in India, I know some of the main laws imposed on Indian regarding forex currency trading, ultimately currency pairs involving inr can be use trade in binary market.
My question is like this, consider I am a freelancer programmer and developer and I provide my freelancing services on a website which is not based on India but allows Indian to provide their services. I earn money in usd in my e-wallet like neteller which also is not based in India but allow Indian to hold money. I want to use that money for forex currency trading like binary trading on a platform which also not based in India but allow us to trade. From there I want to transfer my profits to my e-wallet to my Indian bank account. As it does not involves debiting money from my Indian bank account for forex and hence does not affects Indian forex reserve. Will it be 100 % legal or not, I am ready to fulfill all my taxing duties for this income. Will it be 100% safe. How should pay my taxes , as freelancer or as a trader. Because involving Trading can give me troubles even though I will not be doing any thing illegal. If it is 100% legal process then please advice me some measure I should follow to myself away from troubles.
Thankyou vey much -
Sir pls provide the name of the brokers (regulated ) who offer trading in eurusd/ gbpusd/and usdjpy ...thanks
-
what is binary option trading, please explain.
-
Is binary potion trading legal in india
-
Is binary potion trading legal in india
-
Are you tired of all these fake apps that result in draining your money in the end? Then use this trading software -- > https://www.facebook.com/BinaryOption-1048631025200309/app/190322544333196 because just by seeing their website, you’ll see the difference between this app and others because it provides real evidence of how this app is different from other apps, with the success rate of over 90 percent. So just jump right in because you’ll not get anything better than this.