How can you trade in forex online in india?

Estrella Altenwerth asked a question: How can you trade in forex online in india?
Asked By: Estrella Altenwerth
Date created: Wed, Apr 28, 2021 11:35 PM



Those who are looking for an answer to the question «How can you trade in forex online in india?» often ask the following questions:

⭐️ Is it legal to trade forex in india?

  • However it is legal to trade forex with Indian Exchanges like NSE, BSE, MCX-SX where they currently offer 4 pairs (USDINR, JPYINR, GBPINR, EURINR) in Derivatives (Futures and Options Segment). So if you are trading with Indian Brokers whom have membership with the above mentioned Indian Exchanges it is perfectly legal.

⭐️ Do you need a demat account to trade forex in india?

  • Demat account is not required to start forex trading in India as you won’t get delivery of forex in your account at the end of the day. All the trades are cash-settled. You need only two accounts, a forex trading account, and a bank account to start forex trading in India.

⭐️ How do you do online forex trading in india?

Forex Trading is legal in India You can always search for "forex broker in India" on google to find a forex broker of Indian origin or you can go with Forex4you first forex broker in India. After vising the site you can go to trade menu - click on open a demo account, then download the terminal install it at your end and start trading with virtual money. Once you are confident for real account then you can switch to real account.

1 other answer

There are more online forex trading brokers are available worldwide. We need to shortlist with them by checking which country regulations they are like FSP, FCA, FSCL etc and checking trading brokers reviews.

Your Answer

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