If you would like to invest in US Equity Markets here is a way to do it. There is a lot of bad blood discussions here on Forex trading unfortunately. So, if you think Forex trading works for you than go for it. In this retrospective many of the individuals became trapped to this illegal dealing. Please let me know how. If you are doing forex trading in india then consult with your Fx Broker on this issue. Any one in India can trade in Forex provided by the authorized brokers in Indian stock exchanges. The foreigner will pay you to do the job. Use my existing savings account in Singapore to continue trading when I become an Indian resident. Why cant they allow forex trading?
Do remember that most Indian Government bodies like to keep the wording loose so that it covers a lot of ground and is open to interpretation, in case they wish to use it. So it is clear RBI is banning forex just to save Indians from being scammed by forex brokers and to prevent outflow of INR to foreign countries. Instead of making FIIs invest and take back profit from India, Indian institutions are supposed to bring profit dollars to India with allowance to participate in spot forex trade abroad. Plus fees, plus renewal. Rajandran attended college in the Chennai where he earned a BE in Electronics and Communications. Ask the foreigner to give screenshot of that portion of the book which contains the stamped email. Keep that email address. It is mentioned in the purpose code that margin payment for financial dereivatives. How does this work out as a solution? Now note that RBI warning is in the interest of common people to protect them selves from unreasonable claims.
In India, Foreign Exchange or Forex trading is not allowed. Any body can share their knowledge regarding that company. My advise would be to use companies registered and authorised to trade by the BEST regulators or NFA. And if you want to trade USD or other currencies against each other apart from INR you can trade them legally through genuine international brokers. My question was can we withdraw large amounts. Should you know of any CA who is well informed about FEMA rules, please do let me know. If no one trades, there will be no liquidity in the market. Pls all the senior members come fwd and help us. RBI is more concerned on funds transfer from an Indian resident to forex trading accounts abroad, which is supposedly banned by RBI.
But is it not difficult? Foreign Exchange is a critical life blood to Any countries Financial Economy and India is no different. First of all, RBI or the Indian Government is not in the business of stopping Indians from making genuine money. It is only when they return that the problem starts. How to make money in Forex. Note that paying tax is not a good idea when your source of income is not legal. You can say that you are earning by selling books.
There will be no one to buy and no one to sell if they curb trading unfairly. As I see it keeping forex trade illegal is just the bully mentality of the ruling class of India. Gather a good deal of bonus and start your trade. In any case you are free to withdraw your initial amounts any time. And regulations in India dates back to decades and decades backwards. So the problem is tax. This information is there in the same link. Is this a problem, even if we are not funding.
Allow me to answer that for you. And in order to withdraw money from these brokers one need not require to deposit a single paisa. You are not trading items as illegal drugs or smuggling illegal explosives here. Note that, RBI or the Indian Government are not foolish. KYC policy and money laundering standards. After this you need trading capital. THIS GUY WHO WROTE THIS IS PUTTING PEOPLE OF THE TRACK. Perhaps you might have never heard about Gandhiji Sticks which are sold at Rs X for bearing the expense of movement. IS THIS GOING TO BE PERMITTED TO ME? If you can mange it well then there is no stopping for you legally in India.
Now sell high valued ebooks. How will you transfer it back to yourself? But to my surprise IPL franchisee Rajasthan Royals stack holders have been given notice for the violation of FEMA act and they have penalised for 93. You can bypass the problem of depositing money by a slow solution. Required information regarding the following. Forex is not not difficult and could take lot of time to master. FXCM, City Credit Capital, profit FX who are listed companies or about to be listed and offer correct pricing that is transparent. Not even a single paisa is taken.
Trading FX in India and sending money as margin from India for such purpose is illegal. But for an ECN broker they will charge commit ion and spread but they wont trade against you. But funds have to come from particular sources like RFC account etc. The withdrawals came back to the same credit card. Free dollars usage means that they are not allowed to convert the Indian currency to dollars and then use those converted dollars for trading. Scenario where Trader is from India and investor is a foreigner or NRI. RBI wants people to stop Forex trading is because the money going out affects the value of the INR.
If imagine you do manage to open a company then read below. We all know many ppl from india are doing it and many traders who write here are also trading. If you trade in commodities like Gold, Silver and WTI, you might have to take permission from the FMC. The RBI is just trying to protect us from falling prey to scams which claim unrealistic returns. My husband has recently been offered a posting in India and we will be taking up the offer. Being an NRI, i was allowed to do forex trade. Open unverified paypal accounts with fake names and if possible using proxy.
Hope this clears up the bonus and broker issue. So guys finally notice or imprisonment i personally decided to stop trading until RBI gives some good news on Forex Trading. We should be returning by September 2013. Lets live with it and try to find a solution. Alcohol is prohibited in Gujarat. Think about why they offering this. Then think how much crores Rajasthan Royals must have laundered.
RBI has never said Forex Trading is illegal in its circulars. An Indian can trade with an International Forex brokers only he stays outside India and the law in that country permits him to do so. So please tell me some Indian brokers. Do let me know. Opening an LLC in Dubai or a Pte Ltd co in Singapore is not difficult. Many free hosting sites allows to host forums and websites. RBI governor Raghuram Rajan with an awesome question in a formal discussion with a group of students in Mumbai.
In Singapore the minimum charge for you to hire one is SGD 3000 annually. Also please say what you have filled up in the form while giving tax. Such a bull shit nation! Have ppl stopped drinking? You are trading with free dollars. Sensible countries have legalised both and tax both. Please help if you have any idea on it. Do you have any idea about that company and its credibility?
Even RBI does foreign exchange, so why not individuals should not do it in the fair open market route. Movement doesnt mean that no money is required. These transactions also include any transactions related to foreign currency, remittances marginal trading or exchanges. Politicians, as INR market will get wider exposer in international market. Only consider risk capital that should be used for trading and only those with sufficient risk capital should consider trading. Now open fake paypal emails and buy your own books by paying through your fake paypal emails. FXCM markets and MARKETS.
RBI or the Indian Government are foolish and they are not aware of whats happening in the world of Forex trading both in India and around the world. And long it will take to do it in India. Please let me know what actions they can take against him and what are his options against those actions? If you open a company with only business being forex and sharetrading and become its director, that too could have repercussions as you will be a resident Indian. This is one possible hole. This is totally wrong.
As long are you take the legal payment processing systems in Forex trading, you will be safe for ever. Most of the people who are posting comments saying that it is legal or lucrative are employees of these dabba companies trying to lure in clients. Since I am not in India yet, I could open a company as an NRI and keep the shares when I return. Plus incorporation charges of about 800 sgd. In you bank statement, it will appear as donations received for the project. The risk of Trading Forex is very similar to the risk of Trading Stocks in the Futures market they work on the same margin and leverage concept. From that foreign account I Transfer money to trading broker. Recent Example is Sports betting in India is considered as illegal. Do not Trade in Forex till RBI gives green signal.
Simply, because it is just not possible to claim any guarantee in online trading, whether you are trading forex, stocks or commodities. These processes seem to be very much legal. The reason I trade with them is because unlike in Cyprus and most other places, the Australian security markets are very well regulated by the ASIC. Also use diverse fields, like selling books, article writing etc. Bro your question is half correct. Indian Rupees when he comes to India.
If you want to eanr there are many ways need not to play with the currency. These are just to show that you are working hard to earn money online. Even in the case of etoro there is a separate site for US clients which is regulated specially for US citizens. Since the buying and selling market is now very much global lakhs of people in india are now buying and selling products globally simply sitting in their home. Please Brother reply on this. Their are two types of Forex brokers one is Market Makers and the other one is ECN Brokers. It is Indians who dictate what RBI has to do ultimately. Trading stocks, currencies and commodity is not a sin. You can invest in an Overseas company as it states here.
This is a small amount in relation to your expectations, but I think it will keep us away from trouble. RBI has said that trading in forex is illegal if anyone uses Indian currency to convert to Foreign Currency and then trading. All ideas and materials presented herein are for information and educational purposes only. What would be the legal repercussions for a situation like mine? And every Indian knows how the policy decision, updates and amendment processes work in India. But what about the bonus money which is offered by many brokers, even without investing a single cent we can work on forums and earn bonus money which can be used for trading. Forex so trading in it may technically be illegal after I shift back to India. So is there anyone here who is doing it LEGALLY? He has agreed to open FX account in his name.
You invest your money, you open your trade positions and you close your trade positions for a profit or loss of money, and you are free to take your money out to your local bank account whenever you want. But their is only 4 currency pairs and the volatility of these currencies are too low. Later open an project in crowdfunding sites where you can get donations for your project. And Also it is perfectly legal for Indian Retail traders to invest in overseas equity markets. COM are legal according to their country rules. RBI is not an enemy to Indians, in fact it is a body to help Indians to keep things in order and to facilitate the growth and safety of every Indian. Most probably, Expert traders or Indian institutions can bring back dollars in exponential profit level after participating in spot forex abroad as the market cannot be manipulated due to immense volume. Actually in order to withdraw profit in India, we have to keep in mind two things. No one can simply draw conclusions on what RBI has not said.
But definitely not with overseas margin trading. Also say him that he should pretend as a freelancer job giver if any problem arises. There is also an email account link so you could mail them as well. Read Q9 of RBI circular using link posted above. Please do not think RBI and Income Tax people are fools. INR you can legally do it in brokarage firms like Kotak Securities and many others.
Please let me know if you have any queries. Note that this is not bad for you. Forex trading is the largest financial market in the world and it has a volume of over 4 trillion dollars per day, the world economy will collapse if Forex trading is deemed to be illegal. And you can be rest assured that no country will curb on Forex trading. OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS SUCH AS LIQUIDITY. And IF someone found doing this what is punishment. And then the accounts to which the money was being paid were of the same agent but they were opened in many different banks.
But I am still not using it for trading as the IT rules are getting very strict and internationally info is being shared more and more freely now. For example take the case of citifxpro. There is a whole list of big Forex trading Brokers where US clients do Forex trading. For a resident Indian, trading with HY markets is illegal. If you are already earning plenty via forex trading, go to that country and open another forex trading account there with the previous amount, stay for a while, open a bank account there, but never convert from Indian rupee to transact in Forex. One is we have to hide our original identity and the second one is we have to find a good source of income, which we may use to hide our forex profit and say that we earn money from that source. Futures trading contains substantial risk and is not suitable for every investor. Forex trading is Just about buying and selling currency, which is just as any normally traded item. Even if the broker is genuine trading with such brokers are considered as illegal.
This is not an offer to buy or sell futures interests. In that time I have been successfully trading in foreign exchange. India is democratic and it is for the people and by the people. RBI is making this type of trading illegal. For that use this. Individuals are strictly forbidden from electronic and internet based foreign trading. trader and worked for many of these brokerages so i know how they operate.
Those traders who must be making good profits must have been providing a solid reason of this income to the income tax department every year coz they cannot tell that this income is from forex. XFOREX as my FX Broker. Just tax forex investors and make it legal. In reality no one will buy your useless books with their money. No bucket shops there. My Profile: I am Indian Citizen; I was in London during 2009 for my study. There will also be requirements that you may need to fulfill for this license. Success in demo account does not gurantee success in real account. Transfer money to your original one.
It is only a joke if any one happens to even think that RBI does not know this, on what even an average common man in India knows. Now that the funding is not allowed by RBI, lets not fund into margin account. Its not a Hawala racket of currency exchange which happens in the back channels to be deemed as illegal. Under FEMA 1999 act, any violations upon these act, first government shuld send a prior notice to the concerned person if the impace is low. And also it was clearly mentions that impact of intensity of the money involved will lead to imprisonment and also chances for non bailable. So far ok since i was NRI.
Rather than focussing or discussing its legality we should concentrate on the solution. This is due to the fact that you are not investing any money here. The main problem in this method is that you have to find out a good and trusted foreigner who will do this job for you. It its you who are in control. What to answer the bank? So consult with these regulators and take a wise decision. If you still think that Forex trading is Illegal in India.
Because it is not possible. Is it that some fowl players in Indian stock market gets all of retail participants money? Forex is a highly leveraged trading product and not many people know what they are doing and most brokers offering these promotions know this. Can you be very clear on what action the government of India takes on investing in Forex, it seems highly doubtful from the number of different firms that are operating freely here. Now you have to gather foreigners who will buy your books. And while I will not be remitting money outside India for my foreign exchange trading purposes, I wish to continue with my trading and, at the same time, hopefully remit my profits into India.
You should be in fools paradise, thinking that RBI and the Indian Government are blinded to all this. Above all, everyone including newbies who gets involved in any financial markets know that there are millions and millions of people who are doing online trading in stocks, forex and commodity markets both locally and internationally. But there are many things to keep in mind. But still I need your suggestions. Could you post FEMA or other links on CFDs, why can it not be treated as a stockmarket like investment? Moreover they are conditioned to stick to a leverage of less than ten times. For even movement money might be required.
Moreover most of the trading done trough these internet portals had a very huge leverage. Searching on Google with forex no deposit bonus gives a huge list. At the end of the day, the penalty for trading is completely upon the individual an not the so called brokers. INR This is also alright. But the fact is anything which is unregulated is considered as illegal. First we has to change then Country will change. But you cannot short options as once again involves margins. Sunbird have closed down.
Now for the past 3 years i am doing forex trading with a cyprus broker. Their are regulatory bodies in each country that regulates these brokers for example FINMA for Swiss brokers. Give your original paypal email as an author. Open Trading account on the name of LLC. September 30, 2017 By Rajandran 2 Comments Understanding Amibroker Templates and Chart ID for effective usage. So with big bonus offers they provoke you to do more trades.
So please do consult and let me know. My friend having an foreign account. Its perfectly legal as long as you have the access to do it legally with legitimate payment processes both in and out of your bank account. Especially the part of a Resident Director. Gandhiji never misused the money so he became ideal person. Apparently NRIs returning home can maintain this account and park the funds they had abroad into this account.
In order to get such foreigners, give ads in Paid to click sites, ad networks etc. This is a modified form of point 3 in my previous comment. The individual traders at India have also been warned by the RBI against the online trading portals which offer these alluring outcomes of high gains but do not reveal to the traders that they are trapping themselves in an illegal activity considered by their state. In India Futures trading on Stocks is Both traded on NSE and BSE. Again your Money management, Risk and Reward is the key here. They need to have a solid backing to the claim and the ruling and the opposition political parties have to back it up. USD in paypal transfer is accepted by many companies if you have to pay 1 USD. If you do a bit of research on Forex Brokers site, no genuine FX Broker will claim guaranteed profits or returns whether small or big.
India to withdraw money etc. No system or trading methodology has ever been developed that can guarantee profits or prevent losses. Critical Analysis The 20 minutes coverage on Bloomberg UTV study clearly mentions that Indian Individuals trading in Forex Markets are purely illegal. If you can master it your laptop would act like a money printing machine. My account will be used for outward remittance as well as inward remittance for the same. Also see that trading in this way does not contradict with RBI rules. So a foreigner cannot have more than 2 paypal address.
They can better guide you. Trades placed on the reliance of Trend Methods systems are taken at your own risk for your own account. The argument of specific regulation will not hold here. India after living in Singapore? An additional finding revealed by the RBI was that the public was asked to pay these marginal payments for the trading transactions through their bank account deposits or debit cards. If reply is not satisfactory or involved in forex trading then international credit limit will be zeroised on card and such transactions will be reported and action will be taken as deemed fit. Still you can earn a good profit from them. If u will guide ppl here in that thing only this disccussion will be over and ppl will come to know a way of depositing and withdrawing the money without being caught by the rbi.
The foreigner will always select you to do the job. Nobody knows where the money is being utilised. Any payment through bank transfer, wire transfer, credit card etc. Also you can use forums to gather foreigners. That said, please consult a CA and let me know soon. If you are a NRI, you can trade with HY markets OR any NRI cousin or friend can open an account in their name and you can trade that account. There is one prop trading firm based outside india, which is recruiting traders all over the world.
However, you will have to shut shop when you become a resident of India again. Forgot to add one more point. Float offshore LLC in Dubai. Misleading interpretations and false gossips should be strictly avoided in a good discussion blogs like this. Forex trading is not permitted for Indian individuals is also coming under the same FEMA act 1999. It is all Indian legal system stupidity and hypocrisy. Likely International Forex trading and CFD trading, Spread Betting, Binary Trading is considered as illegal as these segments are considered as unregulated marekts as per RBI and SEBI. RBI or Indian govt. Am i wrong in thinking this way?
So how do RBI or SEBI can check and verify the nature of every payments. There is much discussion what and what not RBI is saying, and why they are saying it. Banks wiil not get informed if u sell hand to hand. India or the BANANA REPUBLIC no i dont get it how can the rupee depreiciate when we buy so much of stuff from china and other countries that time is nt the rupee not depreciating. Though this is not a good solution, still you can use it to start trading. Forex, who has been arrested in India till date for trading in Forex. Here iam trading to that account. Indian economy should not be based on FIIs generosity and play provision.
INDIA, can we withdrawn money from them into my INDIAN SAVING ACCOUNT, because i have received daily email stating they come under Liberalised Remittance Scheme. If successful invest a small through a NRI friend or cousin. Running casino in most of the states in india is considered as illegal. If asked just say that you are doing freelancer jobs to earn money. Market Profile Analysis for 10th July 2017 Trading On Fridays trading session price opened lower though the trading sentiment on Fridays trading session is positive price maintained to close below thursdays pullback low reference. Import, Exports and all trade set ups are based upon. For more clarifications you can consult a good lawyer or a tax consultant.
My trading profits come to their account in their country. However I have already declared my international assets to the IT dept this year as it has become mandatory so will have to declare it every year now. Genuine Forex brokers make there money by commissions, if you make lot of trades they end up getting more money by way of more commissions. But I think that a better way will be NOT to pay tax and withdraw relatively low amount of money per month. Therefore the RBI issued a special instruction to the commercial banks of the country to be very careful in sorting out such accounts. But next year i am planning to return to india for good. The testimonials and examples used herein are exceptional results which do not apply to average people and are not intended to represent or guarantee that anyone will achieve the same or similar results.
If you get more foreigners then the process will be more legal. You are good with your argument. Since RBI is bothered more about Indian Rupee they limit themselves to opening up for trading on it as of now. The excess profits are sometimes directly transferred to my NRE account in India. No one is wiser in India. Do let me know so I can mentally prepare myself. There are many foreign brokers who give no deposit bonus. Then what should u do? So if you give good commissions, then the foreigner will not cheat unless he is super foolish.
If you divide the income, the IT department will hardly notice you. However this method is not a reliable one as it is not safe to use the same paypal account repeatedly. If you think you cannot make serious money with it, then you will be pleasantly surprised. If you have more than one fake paypal emails or if the site accepts different payment processors then it is an advantage. MAYBE HE IS DOIN IT AND GETTING BIG MONEY AND DOES NT WANT OTHER S TO DO WELL TOO. Take Instaforex for example. Everybody, there is no point abusing the RBI and arguing why they have this rule. But that is the last resort because getting back the money into the country will be complicated. NRIs can trade in forex freely once they reside outside India.
All trades, patterns, charts, systems, etc. Like I have mentioned before, the RBI and IT are not to be messed with. But what we need to look at is how that money is utlised. You could be fined under FEMA rules. So while we may try our luck, in the long run it is not worth testing it. USD for learning actual trade. But I will suggest you not to do that. RBI blah blah etc.
Jurisdiction to be considered is Dubai. Transacting large amounts may draw attention of IT department. Forex trading on the whole or Forex brokers etc. CA on the details. Some people have also said that forex trading is not done in US here in this discussion. This will violate the rule. This is the only important part. You pay the gift tax and go on your way.
If RBI or the Indian Government think forex trading is illegal they would have stopped it appearing and accessible from India by blocking those sites in just one second. Right now, since there is no option available here locally, interested people take access to forex trading on international pairs through International Brokers. This is because IT department will keep an eye on you to see whether you are paying tax according to your income or not. When it is time to refund money to public, all of a sudden govt, comes into action and bans these companies. Still no action has been taken against me. ONE THING I DONT UNDERSTAND ABOUT ALL THE GUYS IN THIS WEBITE. You will earn based on your trading performance and popularity with subscribers.
October 1, 2017 By Rajandran 9 Comments How to Integrate Fundamental Screener with Amibroker? Please read the posts carefully. But for that amount itself there had been no imprisonment only notice has been issued. And in spite of all this, the Supreme court can intervene and question the RBI intention if it finds to be unjustifiable. Problem arises when u make profit and u have to withdraw. If not the few officials who involve in stopping it for personal gains will be thrown off eventually either by the government or by the supreme court or by the people of India. India broker be legal and foreign brokers be illegal.
You get money for forum posting in your instaforex account and you can trade through it. EUR and other currencies will go strong in domestic market. These minimal transactions are very hard for the OTGP to find out and track. This is a confirmed finding based on a news report published in Indian Times, in April 2011. Hai, My name is Alvin. Jail, and the crime is non bailable. Always remember that IT and tax dept. They can then transfer money abroad without restrictions from the RBI. For a company the minimum bank balance is about 8000 sgd above. FEMA are also not allowed.
CA to find loopholes in the RBI rules. Here is the perfect scenario. Just not sure about the Forex investment bit. The fact is that they have it. Information will flow freely now. The money will be transferred to your bank account when the foreigner will buy the book. Is there any illegal in this thing.
With this sequence of process be illegal? Capital Market Services License from Monetary Authority of Singapore. Fund your own project and release the donations to your Indian bank account. Hence it is legally a crime to involve in Forex trading and the charges of the crime are imprisonment in jail in this country. You can check the etoro US website for more details. They also said I might never be allowed to open a account with them in future. Part remittance and part cash carried by hand maybe is the solution. It is actually a very shameful thing that we have to turn into criminals to do a honest business.
Forex trading in India is only allowed with INR pairing and not any other pairing viz. This involves no real money trading and your trades will be mirrored by thousands of fellow forex traders. NRI residing in Singapore since the last few years. Because they will pay you through different paypal address. The main problem lies in withdrawal of bonus. If a question arises. So not only will you have to pay a lawyer to figure out if you need a license, you will also need to pay this lawyer to arrange the license if needed. Though it is illegal, there are many forex traders here and they are getting their withdrawals regularly to their bank account. Ask anyone who has gotten on their wrong side and they will vouch for what I am saying.
The only issue is the route you will be taking to access them. As far as govt is concerned, yes they want Indians to remain poor, otherwise, I want to invest my hard earned money anywhere, unke baap ka kya jata hai. The debit card idea is a nice one. Sell face to face if possible best way i think. In case of an enquiry ever, questions will be raised and they will need to be answered. We all have been having this discussions about the legality of forex trading. Here is her first guest report over forex trading in india.
Note that no Forex broker forces you to take a bonus or force you to take high leverage. Let me make this very clear, any brokerage that offers you a bonus is a scam. Does anyone have a solution? Plus you will need a bank account. YOU DO NOT WANT TO MESS WITH THEM. No one will know the source of income. The reports issued by the banks on this evidences also said that only corporations are allowed to trade but the conditionality for the corporations is to use only free dollars from their reserves. And those who have limited capital can make use of it. WHAT THE RBI SAYS ANYONE FOUND TRYING TO BUY DOLLARS WITH THE RUPEE AND THEN TRYING TO SELL IT FOR PROFIT IS ILLEGAL ANY CURRENCY FOR THAT MATTER BECAUSE THEY FEEL THE RUPEE WILL DEPRICIATE ONLINE TRADING WITH OTHER CURRENCIES CAN BE DONE IF YOU FIND THE RIGHT TRADING PLATFORM OR COMPANY AND PROVIDED YOU PAY YOUR TAXES AND SHOW THE TRADES YOU MADE LEGALLY. More people would like to get involve in Forex than share or Indian complex trading.
This route has no problem. MT4 and trade and then he regularly gives the money to me. Trading in Overseas Margin Trading Segments is illegal as per RBI regulations. Instaforex sponsors a number of forums. Since Jan 2014 he has not done any currency trading as he found out its illegal in india. Does few people who are against Forex trading mean to say that Citi is facilitating illegal activities right under the nose of US government? SEBI protects the interests of investors in securities and promotes the development of the securities market through appropriate regulation.
Debit Cards it is perfectly legal. However if you want to earn more, just withdraw your money to say egopay account. If the RBI or the Indian bank comes to know that the money transffered is being used for CFD trading, these brokers will shrug off the responsibilty because they do not come under the Indian Law jurisdiction. You cannot withdraw the bonus but if you can make profit then you can withdraw the profit without any limitation. So just avoid them. For example you have to trade at least 100 times to withdraw any balance. It only warns about Guaranteed high returns scams in online trading who try to make money differently in the name of online trading. Some ppl say its legal some its not. Criticize the methods freely.
FSA regulated broker, Say Alpari. Thanks for your reply Yogesh. Now in this case, there is no outflow of INR but inflow of other currencies. Indian residents from doing forex trading with pairs like EURUSD etc. TELL ME THEN HOW DO FOREX COMPANIES OPERATE AND DO THE SAME TRADING. Their words are very general and to be used as they deem fit. Reading your article has put me in a dilemma.
In this method you will find a foreigner who will post fake freelancer jobs on freelancing sites. These people are trying to make money also I just dont know where this will conclude. Even in our office when some angry client used to threaten of a police action, the managers would tell that they are only a call center for these companies. But there are ways to trade forex without investing a single paisa. RBI also published a circular that reported certain agents who contacted the traders and urged them to invest in forex trading to earn huge profits. Take the NRI route as its legally safe. If there is a need, and if India rise up to deal with International forex trading facilities they will make necessary amendments.
Python and understands individual needs of traders and investors utilizing a wide range of methodologies. But note that, all genuine International Forex brokers do have a clear disclaimer policy which talks about the risk involved in trading Forex. If RBI or the Indian Government thinks Forex trading illegal, you will not be seeing those Forex trading platforms and sites in India and you will not be seeing a host of Forex trading advertisements and links in search engines like Google in India. It is all underground. But we have tocheck what Mr Arivind Kjriwal is doing. But you may require licensing in Dubai for a company to trade in Forex. Indians to be International player and let them become rich viz. Why asking the same questions again and again?
And where will even RBI do its own Foreign Exchange. Foreign Currency will result in strength of INR. SX currencies not in international pairs. About you starting a company abroad. This will help us to play on the safe side. However to be honest I myself has not tested any one of them. Hence if you trade with non registered broker, and in pairs those are not allowed in India, the result is obvious, either you end up in jail, or broker eats away your money, and you can not go to court or SEBI against the broker, as you your self is engaged in illegal activities, which is well aware to the brokers. Can I carry on trading with the capital I already have outside, in my own name, the country and bring money back in legally?
However, am thinking of this. RBI REGULATION for forex trading. For heavens sake, dont lose your hard earned money to shady forex brokers operating in India from Russia or East Europe. After you get the payment give some bonus to the foreigner. If possible do some article writing in reality. So, such kind of trading with bonus money shouldnt be of any problems isnt it. They are aware of whats happening in the cyber space inch by inch. Every participants from small individuals to big institutions are all equally entitled to the same risk. But then how do you bring money home? DID GANDHIJI EVER COLLECT ANY FUNDS FOR HIS MOVEMENTs THE ANSWER IS NO. For a premium you can get whatever brand and as much as you want.
How to Trade in FX Market as I did finish my study in Finance only. You are bound to lose or make money based on your skill level. Not Just Alpari, if there is a option for registering, a whole list of International and Local Indian online trading brokers will register for trading international pairs. If you make bigger money in a year remitting it to yourself gets a little more complicated. But this FX Trading is banned from many times i think. Is it okay to do so? Every country including India has it. The LLC has a nominee director so the management of the LLC remains abroad.
But when RBI says you cannot trade then trading in such segments are legal as per Indian Regulations. So where is the question of illegality comes here? HSBC recently sent India a list. Income slab when the money hits you local bank account in India. Forex Trading is Illegal in India? So if you are trading with Indian Brokers whom have membership with the above mentioned Indian Exchanges it is perfectly legal. NRI working in gulf for the past 4 years.
If they want to stop they will not issue it on circulars, they will stop your access to it from India. My situation is that I have been very successful as a Pro Forex trader. Gandhiji used to travel in Car from town to town village to village through out the country? Also, I do not know about markets. There is also a group of people who talk about bonus offerings in Forex trading is bad. Firstly very good post. The only thing RBI is concerned is to protect the money out flow and in flow in illegal routes. Arivind Kejriwal not questioning on this.
Sooner or later this information will reach RBI. Under Libralized Remittance Scheme one is allowed to Invest in Capital Markets. Hence LLC is not taxed in India. Have you ever questioned any politician or govt employee for not doinf what he has to? Perhaps Indian strategists blind expectation on shrinking market which can be whipsaw to FIIs would have been effective if FIIs or their supporters did not know to handle human brains and nervous system through interception. So it is better to avoid IT dept. You can use a similar method like this to get a freelancer job. BEWARE of ANY LUCRATIVE FOREX TRADING. Forex trading is like stock trading and if you are not managing your risk properly you are bound to lose money. Note that paypal allows to open only one personal and one business email.
It May be days, months, years, decades, or centuries or even never! Very interesting discussions on this forum. Dec 2013 and directly submitted money through moneybookers using his banks credit card. After making profit iam sending the profit money to that foreign account. UK where forex is legal and can be done. More over you have mentioned about china products right its people like us who give damn to this country. The fact is that trading in Forex in India in pairs other than USDINR, GBPINR, EURINR, JPYINR is ILLEGAL. Hi Rajendran, I read your reply on some blog that there are legal possibilities for NRIs to trade in Forex. Proprietorship in India and provide trading services to LLC.
Alpari India has closed in India. As per the report the author narrated that the illegal nature of forex trading has been confirm ed by five private sector and public sector banks. Incorrect information in the opening paragraph. Forex trading is not a walk in the park to make quick money. And the stupid govt. Forex trading, be deemed as illegal and still get listed in the world prestigious stock exchange?
And every one whether big or small will make money or lose money in trading.
Comments
Post a Comment