It offers more choices and bigger bets. However, trading on it is illegal for Indians and carries high risks.Violation of lawInternet portals offering currency trading seem ubiquitous these days. They advertise widely — mainly on a variety of Web sites — luring customers with quick returns and big money. On some portals, smiling faces proclaim how easily they made several hundred dollars in a matter of days and invite others to join them.
There is no law that says forex trading is illegal. At the same time Forex trading process legal in india is nothing that says that it is legal. This to my procfss can be used for forex trading. Also, as the rupee is appreciating, RBI might make it easier to invest in foreign traring. Forex trading income should be treated as a regular short term trading income and be treated accordingly.
There should be no issue with your being in govt service.3. Any broker having registered office and headquartered in the US should be safe. However one need to also be careful about the capital adequacy of the broker. Legal or not. What is Forex Procees in India. She claimed returns ranges from 8% to 95% within a month. So let us look at this offer whether this is the legal or not.
Forex trading in Procesz is illegal where there is no involvement of Indian Rupee. You can trade with involvement of Indian Rupees like USDINR, EURINR, GBPINR or JPYINR.The reason for sharing this information with you all is, in ih you may be under such trap. So thought to share this information and making you aware about what actually are Indian legap about this Forex Trading.
Here is her first guest report over forex trading in india.In India, Foreign Exchange or Forex trading is not allowed. Hence it is legally.