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| Legality of Forex in India |
Whether Forex in India is legal or not is a controversial issue. Some
people say that it is quite legal and anyone can trade in Forex, others say
that it is illegal. Actually The Reserve Bank declared some restrictions for Foreign Exchange in India. However,
these regulations do not hinder all Indians to trade without any obstacle.
There are numerous brokerage
companies in the world which support participants of Foreign Exchange in India, giving them valuable information about
trading conditions. As a matter of fact online companies do not have any
connection to RBI restrictions as they are providing service not only for
residents of India but worldwide.
From my
personal experience I can say that IFC Markets is one of the best. Any Indian
trader can get any kind of support, regarding to different aspects of Forex
through this brokerage company.
Speaking honestly judging from my
past experience, their live support is really professional one, and ready to
help any client, without differentiating how much your deposit is; $1000, $1 or
you’re just fresher without any investment trying to understand what is Forex,
including all nuances that concern Forex
in India.
Despite many setbacks, the foreign exchange in India has been growing steadily and rapidly. Four hundred billion dollars is the annual turnover of the foreign currency exchange market in India. This sum does not include the transactions taken place between the banks, which are called as Inter-bank transactions.
ReplyDeleteGXG Markets UK
Yes, Mr Marvin, nowadays more and more Indians are taking part in this business, without paying much attention to some restrictions.
ReplyDeleteForex is an international business which has a wide range of learning.Forex Trading is a very flexible job. We can trade anytime from anywhere.
ReplyDeleteWithout having to be restricted by time. It is open 24 hours a day.
http://aff.bestforexpartners.com/click.php?ctag=a3092-b1154-p
Yes, dear Valentina, this is what I mainly like about this business.
ReplyDeleteYes, I think we can trade in India as well. But we need to pick broker that we can rely upon. This is where TradeWiseFX is so good which supports clients from any country and helps big time. I love the conditions present here with ultra-tight spreads, lightning fast execution and we get 24/5 support which makes them really standout!
ReplyDelete