Forex Is Legal In India. It is prohibited to carry out spot forex trading in India. Forex (FX), commonly known foreign exchange or currency trading, a decentralized, global market where all of the different currencies of various economies bought and sold.
The Securities and Exchange Board of India (SEBI) only permits Indian Nationals to trade forex with a regulated local broker on Indian Exchanges (NSE – National Stock Exchange of India, BSE – Bombay Stock. So let's talk about the legality of Forex trading in India. If you trade with two foreign currencies, or with a broker that isn't SEBI registered, you will be breaking the law in India and.
If someone is found trading Forex instruments on the forex market by the Reserve Bank of India's representatives, he/she is immediately charged with violation of the law.
Well, the direct answer is NO!
Forex India: An Overview of the Market and Can I Trade Forex in India? If you trade with two foreign currencies, or with a broker that isn't SEBI registered, you will be breaking the law in India and. Trading on other pairs rather than me
ntioned by RBI is illegal according to the FEMA Act.