Is Forex Trading Legal In India 2011

Forex Trading i India. Last to år har sett en raskt voksende interesse for indianere i forex trading med store masser som ønsker å skifte fra konvensjonelle aksjer handel til forex-markeder, men tiden har også vært vitne til kontroverser, forvirringer og tvister om spørsmålet om lovligheten av Forex trading i India. Mens jeg personlig tror at det beste av handelsmenn kommer fra utviklings - og underutviklede land og ikke de utviklede og dermed grunnen til at flertallet av handelsindianer er vellykkede handelsmenn, men bekymring er mangelen på muligheter, handelsmuligheter og mangel på bevissthet om emnet som fortsetter å frata indianere fra å komme inn, vokse og profittere fra valutahandel. Å legge til sine elendigheter er det faktum at det ikke er juridisk anerkjennelse for Forex trading i India, la til side ha regulerte meglere, trading-nav og forex samfunnet grupper Selv om aksjemeglere i det siste har vært i stand til å presse regjeringen til å åpne tradin g Forex fremtidige kontrakter som et alternativt investeringsalternativ for investorer, men da er det bare på futures kontrakter og begrenset til bare INR-parene. Selv spot Forex trading i India er ennå ikke å finne en aksept fra finansmyndighetene som lovgiverne ennå ikke skal bestemme åpner dette som en alternativ vekst sektor for selvstendig næringsdrivende og inntektsgenerering som regjeringen så vel som folket fortsatt tenker på forex som en gambling sektor som er strengt forbudt av de indiske lovene. Men når indianere kan klatre Everest og de Indians kan nå månen, kan det noen gang være noen avskrekkende for deres profiterende vilje og handelsambisjoner. De indiske lovene tillater en indian å sende overføringer på opptil 25000 årlige uten å be om mye av en forklaring, så den skarpe indianen har funnet veien gjennom til sin handel og det første trikset i hatten er offshore online megler konto åpning og PayPal pengeoverføringer Som de fleste transaksjoner som involverer betydelige mengder er alltid rapportert av kredittkort utstedende byråer til de indiske lovmyndighetene, gjør den skarpe indianen aldri et direkte innskudd på sin forex konto. Som de fleste forex meglere aksepterer PayPal som kilden til innskudd, overfører indianerne penger til sine megler s kontoer ved hjelp av deres PayPal-kontoer som PayPal-transaksjoner kommer aldri til varsel fra regjeringen Tilsvarende blir utbetalinger også gjort tilbake til deres PayPal-kontoer og deretter overført til deres indiske bankkontoer, og dermed holder deres handel og fortjeneste risikofri og ubemerket. til Money Bookers og andre lignende online pengeoverføring nettsteder som kan motta og finansiere deres Forex megler konto for handelsformål. Vel, det er en annen ras av de risikable deltakerne som er villige til å selv kjempe regjeringen, men likevel gjøre sitt ytterste for å fremme Forex trading i India Det har vært indiske selskaper som åpnet en introducing-broker-kontor for Alpari meglere i Storbritannia i India skjønt de ble snart tvunget til å bryte opp sin virksomhet av regjeringen. Et par andre uregulerte meglere kom opp fra Norge, USA og Storbritannia og ble kastet tilbake, men noen, som eller fortsatt, fortsetter å operere til tross for ulovligheten av deres arbeidstype i India Faktisk er det ikke bare ulovligheten, men Internett er også full av klager om deres bedrageriske praksis, men da er dette India der det ikke er lytting. Som jeg nevnte i den andre artikkelen, er det alltid en god ide å gå til regulatoriske myndighetsnettsted først og velg deretter meglerne derfra, men det er ingen slik kontrollerende myndighet for Forex trading i India, og dermed ikke noe riktig sted å gå og klage. Men hvis du er seriøs om å gjøre din karriere i Forex, utvikler du og test dine ferdigheter. på en gratis demo konto og deretter vurdere å migrere til et land med lovlige muligheter for valutahandlere eller forex-entreprenører En alternativ til dette er å finne en online fjernbasert hedgefond handelsavtale wh Dermed kan selskapet investere i din handelskonto, og du kan investere dine ferdigheter med dem. Regulerte meglere med PayPal-innbetalingsopsjon. Ta riktig vei til handel i forex. Med mange risikoer involvert i utenlandsk valutahandel, bosatt indianere som vil ha nytte fra forexbevegelser bør handel i valutahandlede valutaderivater som er tilgjengelige i landet. Innføringen av valutaderivater på regulerte børser fire år tilbake åpnet en ny aktivaklasse til indianere. Utover riket av landets regulatoriske landskap, baserte utenlandske valutahandel markeder synes også å være blomstrende Det gir flere valg og større innsatser Men handel på den er ulovlig for indianere og bærer høye risiko. Violering av lov. Internetportaler som tilbyr valutahandel virker allestedsnærværende i disse dager De annonserer stort sett hovedsakelig på En rekke nettsteder som lokker kunder med raske avkastninger og store penger. På noen portaler proklamerer smilende ansikter hvor lett Du har gjort flere hundre dollar i løpet av dager og inviter andre til å bli med på andre. På andre, utvilsomt vellykkede personer utmerker fordelene med forex trading og forteller hvordan det hjalp dem med å tjene ekstra inntekt. Ikke tapt for markedsføringsspelen. Ikke bare løper du? risikoen for å miste pengene dine, men du vil finne deg selv på feil side av loven. Reserve Bank of India RBI har ved mer enn en anledning advart mot utenlandsk valutahandel gjennom Internett-handelsportaler. Det utstedte først en rådgivende Februar i fjor, og deretter fulgt opp med to varsler i april 2011 og november 2011 se linkene nedenfor. RBI har observert at utenlandsk valutahandel er innført på en rekke elektroniske handelsportaler for Internett som lokker innbyggerne med tilbud om garantert høy avkastning basert på slike forex trading Det klargjør at Enhver person bosatt i India samler inn og utfører overføring av slike utbetalinger direkte indirekte utenfor India, ville gjøre selv selv ansvarlig for å bli videreført med for overtredelse av Foreign Exchange Management Act FEMA, 1999, i tillegg til å være ansvarlig for brudd på forskrifter knyttet til Kjenne dine KYC-normer Anti Money Laundering AML-standarder. Meldingen er klar. Overføringer for slike handler er ikke tillatt i henhold til loven Rettstiltak kan tas mot indiske innbyggere som samler inn og overfører slike utbetalinger Forex-markedseksperter er enige om det juridiske aspektet Says Anil Bhansali, visepresident, Mecklai Financial Services. I henhold til FEMA er alle disse handlene ulovlige handler. Innsamling av margin for slike nettportaler er også en overtredelse av FEMA Anindya Banerjee, Senior Manager, Kotak Securities, forklarer, at RBI ikke tillater bruk av utenlandsk valuta for innflytelse av handel. Generelt gir forexportalerne løftestang på x ganger, og dermed bryter de retningslinjene for RBI-selskapene som tilbyr online-handel i valutaer, er vanligvis basert utenfor landet, ofte i skatteparadisene som Kypros De har ikke adresser og kontaktnumre i India, selv om de kan utnevne agenter til å knytte og henvende klienter på deres vegne. Som sådan kan disse selskapene være utenfor regulatorens rekkevidde. Men indianere som kommer inn i slike bransjer og enheter for eksempel agenter, banker og kredittkortselskaper som lindrer dem, vil være regulatoriske handlinger. Ifølge Vikram Murarka, Chief Currency Strategist, Kshitij Consultancy Services, Legally, er selskapene fritt til å tilby online handel som de ikke er ansvarlige for RBI RBI-restriksjonene gjelder for de indianere som er bosatt. Så lovlig er de de som skal avstå fra elektronisk handel. Andre risikoer. Mens data om hvor mye volum av handel som er rutet til Internett-handelsportaler som tilbyr forex-handel, ikke er tilgjengelige, Trenden ser ut til å ha fanget på Som RBI har observert, har mange indianere blitt byttet til fristende tilbud og mistet penger tungt. Uttatt av lokket av kjekk avkastning, den svært høye innflytelsen tilbudt innsatser så høyt som 400 ganger eller mer tillatt på marginalen, og flere valutapar som handler på mange enheter, tilbyr opptil 52 par, mange handelsmenn ser ut til å ha testet lykken i det utenlandske valutamarkedet, ikke alltid med gode resultater. Risikoen stammer fra mange kilder. Det globale valutamarkedet er uten tvil den største og blant de mest sofistikerte i verden. Gullible investorer uten den nødvendige kunnskapen og buoyed av deres suksess i demo-bransjer, kan lett brenne fingrene i det virkelige spillet. Videre kan utenlandsk valutahandel som tilbys av internettportaler, være i form av kontrakter for forskjell CFD, en annen slags derivatprodukt som mange forhandlere kanskje ikke er kjent med. Den høye innflytelsen gjør også et dobbeltkantet sverd Mens det har potensial til å multiplisere fortjeneste, forstørrer det tap. Det er også konverteringsrisiko og kostnader og provisjonsavgift som indiske innbyggere pådra seg når de konverterer rupees til utenlandske cu valuta og omvendt. Finalt er det motpartsrisiko for den indiske handelsmannen at faren for at partiet i motsatt ende ikke kan respektere sitt engasjement. De fleste selskaper som tilbyr utenlandske valutahandler utfører sine handler ikke på regulerte børser der handelskonvensjon er garantert, men i Det risikofylte OTC-markedet. I følge Vikram Murarka, Slike selskaper utfører vanligvis ikke handler på utveksling. De opererer nesten alltid i OTC-markedsaktører som tilbyr utenlands forex-handel i India, er utenfor rammen av landets bestemmelser Indian Innbyggere som befinner seg kort forandret, kan ha liten eller ingen tilbakekallelse til å få sine klager adressert. Rettsmidler, selv om de er tilgjengelige, kan være dyre å implementere og være en langsiktig prosess. Bottomline Med de juridiske og operasjonelle risikoene som er involvert i utenlandsk valutahandel , bosatt indianere som har kunnskapen og ønsker å dra nytte av forexbevegelser, bør handle i valutamarkedet Ives tilgjengelig i landet. Det juridiske valget. Valutaavledet handel på anerkjente børser, som ble tillatt av RBI og SEBI i 2008, har utvidet seg både når det gjelder produkttilbud og volumer. I dag har tre børser NSE, MCX-SX og United Stock Exchange USE legge til rette for disse handler Det første produktet som skal innføres, var valutaterminer på den amerikanske dollar indiske rupee pair. Futures trading i rupee mot tre andre store valutaer euro, britisk pund og japansk yen fulgte i 2010, når valuta Alternativer ble tillatt på USD-INR-paret, NSE og USE introduserte produktet Etter en lang reguleringsstrid lanserte MCX-SX også USD-INR-valutaopsjoner i august 2012. Valuta futures-kontraktene har en 12-kalendermånedersyklus, og Valutaveksler har en tre kalendermånedersyklus Så dagens valutahandlere i India har en bredere kurv å velge mellom. De kan handle i futures og opsjoner på fire store valutaer mot rupee på tre børser Handelsavregning er garantert av børsene Alle kontrakter er kontantregulert uten fysiske kontrakter. Hovedparten av handlingene skjer på NSE og MCX-SX med likviditet som nylig faller på USE etter regulatorisk granskning. De fleste handler skjer i USD - INR-par. Bedre likviditet, flere valutapar og adressering av bekymringer om kostnadsstrukturen kan bidra til å tiltrekke seg flere handelsfolk i det børsnoterte valuta-derivatmarkedet. Linker til RBI-kommunikasjon. Denne artikkelen ble publisert 25. august 2012. Få mer av dine favorittnyheter levert til innboksen din. Hvorfor gjør RBI ikke tillat, da det er våre egne penger vi investerer. Det er mange som også taper penger i aksjemarkeder. Så Govt er tjene penger på aksjemarkeder Govt kan ikke tjene penger hvis de tillater valutahandel i India. Det er mange ting i India som skal gjøre for å løfte opp økonomien. India er alltid ute av spillet i hele sirkelen. Lagt inn 29. august 2012 kl. 01 29 IST. Denne artikkelen er stengt for kommentarer Vennligst send e-post til Editor. NEVER savner noen siste nyheter vi vil få det levert varmt til innboksen din. Hva er straffen for forex trading i India. Hva er straffen for forex trading i India. Som per RBI, forex trading er ulovlig. Reserve Bank of India har i dag avklart at overføring i form til utenlandsk valutahandel gjennom elektroniske internett handelsportaler ikke er tillatt i henhold til Foreign Exchange Management Act FEMA, 1999 Reserve Bank ha s også avklart at eksisterende forskrifter under FEMA, 1999 ikke tillater beboere å handle i utenlandsk valuta på innenlandske oversjøiske markeder. Jeg hadde bare en prat med representant.18 25framebuffer er forex trading tillatt i India 18 25framebuffer Ifølge RBI er det ikke tillatt å handel utenlandsk valuta 18 25framebuffer er dette sant 18 25Anna Garibjan RBI tillater ikke indiske innbyggere å handle i valutapar unntatt INR Vennligst besøk RBIs offisielle nettside for førstehånds informasjon, for selv om Forex4you gjør det best å følge dagens lovgivning I forskjellige land er det noen ganger praktisk talt umulig å oppdatere informasjonen i tide. Du kan søke nærmere avklaring fra dette fra din finansrådgiver eller Chartered Accountant 18 27framebuffer. Det er veldig forvirrende jeg har vært på RBI-nettsiden, men de har tydelig nevnt at dens ikke tillatt 18 27framebuffer spx prid 23941 18 27framebuffer Men så hvordan kommer folk til å gjøre det Som alpari, reli ance penger og deg selv 18 27framebuffer Kan indiske paiers bli handlet 18 28Anna Garibjan du kan ikke handle bare INR, det må være 2 valutaer involvert 18 29framebuffer Jeg vet, jeg skrev indisk par for å parre med USD etc 18 29framebuffer Det er veldig forvirrende 18 29framebuffer Jeg dont vil ende opp i fengsel 18 29framebuffer hvor kan vi få noen definitive svar som noensinne, inkludert CAs osv. vet ikke 18 30Anna Garibjan Vi kan ikke gi deg juridisk rådgivning om dette. Det er våre kunders ansvar å ta avgjørelsen om å handle eller ikke. 18 31framebuffer Jeg forstår det, men siden du kjører operasjonene, må du ha noe alt jeg vil være sikker på at det er tillatt 18 32Anna Garibjan i henhold til RBI så langt vi blir informert om det er ikke tillatt 18 32framebuffer Så hvordan kommer Reliance penger , Alpari og du gjør det 18 32framebuffer bare nysgjerrig 18 33framebuffer hva hvis du blir fanget 18 33framebuffer hva er panelty 18 33framebuffer kanskje jeg vil ta en risiko 18 33framebuffer hvis panelty er lav 18 34Anna Garibjan vil straffen ikke være mot selskapet, men mot kunden som tok den risikoen 18 34framebuffer ok 18 34framebuffer jeg forstår 18 34framebuffer, men det vil være informativt å vite det, så vi kan ta risikoen 18 35framebuffer hvis den er som en ikke-bailable lovbrudd med 25 års fengsel, så er det ikke verdt det 18 35framebuffer hvis det er en liten fin som 50k, så kan man ta sjansen 18 35framebuffer Har noen blitt fanget 18 35framebuffer så vi kan vite hva som skjedde med ham 18 35Anna Garibjan Vi vet ikke hva slags straff du kan risikere 18 36framebuffer Takk Anna, du har vært hjelpsom Takk for ærlige svar Jeg vil prøve å lære mer om straffen 18 37Anna Garibjan Du er velkommen Is det er noe annet jeg kan hjelpe deg med 18 37framebuffer Nei, det takker. Så hva skal vi gjøre Hva er risikoen i fremtiden for å bli fanget Og er det verdt å ta risikoen. Hva er straffen for valutahandel i I DIA. LOL, DON T GJØR EN DAMN PÅ AT MILJONER MENNESKER TRADER FRA INDIA, SEG SEGAN GRANDE SIR FOR KLARIFIKASJON OG JEG STOR DUBBET HVIS NÅGON GJELDER INGEN FEIL, UNDERSØKTE TRANSPLASJONER SOM MILJØER EN MÅNED BANKEN MÅ TA FOR KLARIFIKASJON OM at pengene kom fra jeg tror ikke det er et problem jeg handler med mitt ICICI KREDITKORT, og jeg får en månedlig erklæring om at jeg har CREDITED X AMOUNT FOR RETAIL-FX jeg tror banker er ikke så mye oppmerksom på regelen MEN HVIS STOR MEGET STORT TILBAKEHOLD HVER MÅNED SOM KROGE ELLER ER GJELDTE BANKER, BEGRENSER DU AT HVORDAN HAR PENGENE ANVENDT, så tror jeg at du må gjøre opp historien P ELLER DU KAN GÅ, ER Å GÅ TIL OFFSHORE OG FOND FOR FOREX BTW, DON DON T TENNER AT ALLE SKAL FÅR NÅGOT MATTER HVOR TRYKKER KONKLUSJONENS BANKBANK ELLER ANNET MEGET MINDRE POPULAR FRA UDENLANDSBANKEN IBM AMRO OG BTW DER ER MANGE LØSNINGER SOM PENGERBOKER, NETELLER MEN DER HAR LITT VIKTIG FINANSIERING TIL DEM ANDEN PUNSIHMENT IF CAUG HT INGENTING SKAL HELDE SOM JEG DERES DIN MASKIN PÅ MEGET KAN VÆRE STRAFF, DER GJØR FX HANDEL HVOR ER JURIDISK, RUNDT OM VERDEN DER IKKE MØDER ELLER SMUGGLING OK. Disse reglene er underforstått fordi mange mennesker fra vårt land har mistet mye penger, så hvis DU GJØR RESULTAT DER ER IKKE HARM OG DU BRUKER PENGENE I LANDET OGSÅ SKALL DU GJELDE SKATTER Spørg savant Grande Herre, han kan forklare deg mer pent og fortelle deg hvilken måte å gjøre hvis tung tilbaketrekning er der. Sist redigert av Piratetrader 7. august 2011 kl 12 56 AM. Originally Postet av saiftauheed. LOL, DON T GIVER EN DAMN PÅ AT MILJONER MENNESKER TRADER FRA INDIA, SPESIFIKER GRANDE SIR FOR KLARIFIKASJON OG HVOR DU GJELDER DUBBELT HVIS NÅGON GJELDER INGEN FEIL, MED UNDERSØKELSE AV TRANSPASJONENE LIKE MILLJER EN MÅNED BANKEN MÅ TA FOR KLARIFIKASJON OM HVOR GJORT PENGENE KOM FRA, DON T TYKER DET ER EN PROBLEM SOM HANDELER MED MY ICICI KREDITKORT, OG VI FÅ EN MÅNEDSERKLÆRING AT jeg HAR KREDITT X BELØP Å RETAIL-FX jeg tror S BANKER ER IKKE SÅ MEGET SIKKER OM REGELEN MEN HVIS STOR MEGET STORT TILBAKEHOLD HVER MÅNED SOM EN KROR ELLER ER GJORT BANKER, VIL DU SEGE FRA HVOR ER PENGENE kommet, så tror jeg at du må gjøre opp historien P ELLER DU KAN GJEN ER Å GÅ TIL OFFSHORE OG FOND FOR FOREX BTW Jeg tror ikke at noen kommer til å oppleve noe som gjør at ROYAL BANK OF SCOTLAND ELLER ANNET MEGET MINDRE POPULAR AV UDENLANDSK BANK IBM AMRO OG VAT THERE ER MANGE LOOPHOLES LIKE MONEYBOOKERS, NETELLER MEN DU VILL HAR LITT DIFFICULTY FINANSIERING TIL DEM ANDEN SOM FOR OMSTENDIGHETEN HVIS GJORT INGEN, SKAL HELDE SOM JEG DIN STED TIL MAKS KAN VÆRE STRAFF, DER GJØR FX HANDEL HVOR ER JURIDISK RUNDT OM VERDEN DER IKKE MØDER ELLER SMUGGLINGER OK Disse reglene blir gjennomført, fordi det er mange Folk fra vårt land har mistet mye penger, så hvis du gjør fortjeneste, er det ingen skade, og du bringer penger til landet, og du betaler bare skatter spør savant grande herr han kan forklare deg mer pent og fortelle deg hvilken måte å gjøre det hvis det er tungt å trekke seg der. Har du hørt om de fire magiske brevene, FEMA. En annen spørsmålet, hva viser du det som i inntektsskatten. Kan jeg si sine futures eller aksjer etc. Også er retailfx en god megler Anbefaler du dem. Anbefaler du noen indisk megler. FØRST AV ALLE GLEM OM PUNGEMENT. Reserve Bank of India har i dag avklart at overføring i form til utenlandsk valutahandel gjennom elektroniske internettportaler ikke er tillatt under Foreign Exchange Management Act FEMA, 1999 Reserve Bank har også avklart at de eksisterende forskriftene under FEMA, 1999 ikke tillater beboere å handle i utenlandsk valuta på innenlandske oversjøiske markeder. Les dette nøye nå, rbi har tydelig skrevet at du ikke kan belaste penger til valutahandel i utlandet eller endre INR til USD og handle med de pengene med utlandet eller utenlandske meglere jeg leste et sted i Traderji, og jeg sier at igjen den beste måten ville være at hvis du har en venn som bor offshore fortelle ham å sette inn for deg på denne måten du aldri konverterte INR til USD og handle med pengene over i brevet det er også skrevet. Reserve Bank har også avklart at de eksisterende forskriftene under FEMA, 1999 ikke tillater beboere å handle i utenlandsk valuta i innenlandske oversjøiske markeder. Fra denne meldingen husk at rbi ikke vil at du skal sette mor India penger, pengene du har tjent i bharat til offshore megler hvorfor fordi disse pengene går offshore for fx trading, vet Rbi 95 at det kommer ikke tilbake hvorfor leser det igjen - RBI advarte investorer mot annonser utstedt av visse elektroniske og internettportaler som tilbyr handel eller investering i utenlandsk valuta med garanterte høye selskaper, selv engasjere agenter som personlig kontakter gullible folk til å foreta forex trading og investeringsordninger og lokke dem med løfter om uforholdsmessig eller ublu avkastning, sa det. Det er på grunn av noen dårer som ønsket å få millionær over natten finansiert og spilte store mengder penger i disse off-shore megleren og senere gråte gikk inn på politistasjonen for bedrageri. Hva jeg foreslår å omgå denne dumme handlingen er å komme inn i valutaterminer og opsjonshandel også Hva du kan gjøre er å åpne en konto med en megler som lar deg gjøre mulighet futures sammen med fx hvis du vil som kan ECN meglere som tilbyr cdf, futures samt aksjer. Du kan finansiere fra og trekke til en on-shore acct i India i et slikt tilfelle da det vil bli kalt som investeringsavkastning fra futures eller aksjer eller cdf noe nå hva kan rbi gjøre om dette de kan gjøre shi haha. Og hvis du har en venn utenfor kysten så hva er problemet hvis han kan finansiere det, har du aldri overført noe og du handler ikke med INR konvertert til DU ER HANDEL MED RISIKO GRATIS INR, For det andre for å unngå maksimal bryderi, velg en utenlandsk bank som Royal Bank of Scotland Bankene vil spørre deg hvor du får så mye penger kompis, tro meg selv hvis du sier at du fikk pengene fra fx trading uten m de fleste av bankene gjør ikke oppmerksomhet og er uvitende om at du kan smile og si investeringer fra internasjonal fremtid, cdf og lager kompis jeg har aldri hørt om noen å komme inn i noen form for problemer, og hvis millioner av penger kommer inn på bankkontoen, kan de be om en form for dokumentasjon jeg er på land. ECN megler kan gi deg noen fakturaer SLUT AV FORHANDLINGEN - FOREX TRADING ER IKKE JURIDISK I INDIA Dersom du gjør ulovlige konverteringer til usd og trading med disse pengene, MEN HVIS DU ALDRI ERBJUDET FRA INDIA OG OM DIN HANDEL I ECN MAKER, SOM TILBYGGER FUTURES, OPTIONS, HVOR SKAL RBI SØKER VÅRE BA s. Sist redigert av Piratetrader 7. august 2011 kl 01 22.Re Hva er straffen for forex trading i India. Jeg har en venn i utlandet i Tyskland Problemet er at de har 40 eller noe flat skatt og de er veldig godt organisert. Hvis han investerer på mine vegne, og jeg tjener penger, så vil pengene bli en gevinst og han må betale ta x på den Da vil han overføre den på kontoen min der jeg må betale en annen skatt Dobbeltbeskatning. Sam hvis jeg må investere mer og sette penger på kontoen hans Det kan bare gå som et lån eller en gave Gaveen blir beskattet nå triple taxing. If pengene går som et lån, så vil kapitalgevinsten fra handel bli beskattet to ganger. Jeg savner noe. Et annet problem er at hvis du bruker en indisk megler, som avhengighets penger, alpari, forex4u eller xtb etc, så de kan gjøre hva de vil De er som pimps Og du er prostituert Siden prostitusjon er ulovlig, kan du ikke gå og klage mot pimp. På samme måte, hvis de behandler deg som søppel og spiller mot deg eller jukser deg ellers, hva skal du hen å fortelle politiet De returnerer ikke min forex-penger. Jeg tror at forex-bransjen skal lobbyere og få det legalisert India er et fattig land uten sosial sikkerhet, og vi trenger alle muligheter for mer jobbgenerering. Hvis folk ønsker å handle, bør de være tillatt å. Hva er en forex megler å gjøre En 9-5 jobb. Originally Posted by framebuffer. I har en venn i utlandet i Tyskland Problemet er at de har 40 eller noe flat skatt og de er veldig godt organisert. Hvis han investerer på mine vegne, og jeg tjener penger, så det penger vil være en gevinster og han må betale skatt på det Da vil han overføre det på kontoen min der jeg må betale en annen skatt Dobbeltbeskatning. Sam hvis jeg må investere mer og sette penger på sin konto Det kan bare gå som et lån eller en gave Gave vil bli beskattet Nå tre ganger skatt. Hvis pengene går som et lån, så vil kapitalgevinsten fra handel bli beskattet to ganger. Jeg savner noe. Et annet problem er at hvis du bruker en indisk megler, liker du avhengighet penger, alpari, forex4u eller xtb etc, så kan de gjøre hva de vil. De er som pimps Og du er prostituert Siden prostitusjon er ulovlig, kan du ikke gå og klage mot pimp. På samme måte, hvis de behandler deg som søppel og spiller mot deg eller jukse deg ellers, hva skal du fortelle politiet? De er ikke retu ringer min forex penger. Jeg tror at forex-bransjen skal lobbyere og få det legalisert India er et fattig land uten sosial sikkerhet, og vi trenger alle veier mulig for mer jobbgenerering Hvis folk ønsker å handle bør de få lov til å. Hva er en forex megler for å gjøre en 9-5 jobb. Jeg forstår ikke din venn om å finansiere penger i din valutakonto med kreditt eller debitkort gjøre fortjeneste i din konto og deretter betale ham tilbake ved å trekke fra din forex konto til hans kredittkort kort nå NÅR DU HAR BETALT SOM DEN SOM DU HAR BETALT, KAN DU BRUKE ALDRI ALTERNATIV AVTRYKKING, OK LISTE TIL MEG, FØLG FINN MED EN EKN MROKER med dine egne penger, du kan åpne en konto hos den irlandsbaserte AVA-FX som også inkluderer olje, Lagerindekser DJ, S P500, FTSE, DAX, CAC, MIB, NIKKEI og andre, Gull, Sølv, Sukker, Bomull, Gass og alle de andre store råvarene sammen med sin omfattende Forex-plattform. HANDEL ALT DER På denne måten er du indirekte trading forex i en multi-investme nt aksje og aksjeselskap Nå bare fortell meg, det høres bra bra bare et godt eksempel - agar hindustan mai gai ka død pina ek jurm hota aur agar tum bhains ke ogar se gai ka død nikaal ke pe rahe ho toh politiet kya samjhegi vasehi agar tum Jeg megler kan lagre og dele bhi handel karti hai usme fx karte ho toh politiet kya samjhegi. Sist redigert av Piratetrader 7. august 2011 kl 02:36. Har du hørt om de fire magiske bokstaver, FEMA. Deres sumosan de 4 magiske ordfema Valutahandlingsklausul Her er reglene for utvendig remmitance. What er de forbudte elementene under Scheme. Ans Overføringsfasiliteten under Scheme er ikke tilgjengelig for følgende. Innbetaling for ethvert formål som er spesielt forbudt under Planlegg-I som kjøp av lotteri billetter feie stakes, forbudt magasiner, etc eller noen gjenstand begrenset under Schedule II av Foreign Exchange Management Gjeldende konto Transaksjoner Regler, 2000.ii Remittance fra India for marginer eller margin samtaler til utlandet ex endrer utenlands motpart. iii Innbetalinger for kjøp av FCCB utstedt av indiske selskaper i oversjøiske sekundære market. iv Remittance for handel i utenlandsk valuta i utlandet. LES LES MIN TIDLIGERE POST I DENNE TREEN OG SEN START LESING UNDER FOKUS - REMITTANCE, andre ord - innskudd , samle jeg aldri utelukket, så jeg er ikke ansvarlig for å behandle med noen dumme handlinger av din RBI. annen en - Annonsene ved disse Internett - eller onlineportaler oppfordrer folk til å handle i forex ved å betale det opprinnelige investeringsbeløpet i indiske rupier, RBI sa. så som jeg fortalte å lese innlegget mitt nedenfor, hva som kan gjøres hvis vennen din som bor i utlandet ca gjør gaven for deg, husk at handlingen er bare for OUTWARD REMITTANCE å konvertere dine egne penger og finansiering utenfor. Reserve Bank of India oppfordrer offentligheten til ikke å overdra eller sette inn penger for slike uautoriserte transaksjoner. Enhver innbygger som indisker eller overfører slike utbetalinger utenfor India DIREKTE INDIREKT, kan fortsette mot med, for overtredelse av FEMA og brudd på forskrifter knyttet til kjennskap til dine KYC-normer og anti-hvitvasking AML-standarder, betyr den sirkulære addeD. INDIRECTLY FINANSIERING VED TREDJE PART, PAYPAL, NETELLER, PENGEBOKER, NOENHET. FOKUS - HVORDAN HELLVILLET De vet alltid hva jeg gjorde med pengene i 3RD PARTY ACCOUNT SELV OM de spør meg, kan jeg si investeringen i fremtiden eller noe. - Annonsene ved disse Internett - eller onlineportaler oppfordrer folk til å handle i forex ved å betale det opprinnelige investeringsbeløpet i indiske rupees. FOKUS - Jeg har aldri utbetalt noen penger utenfor India, jeg har aldri konvertert INR til USD. LAST DOUBT AT DE KLARIFISERES. Reserve Bank har også avklart at de eksisterende forskriftene under FEMA, 1999 ikke tillater beboere å handle i utenlandsk valuta i innenlandske oversjøiske annonser ved disse Internett - eller onlineportaler oppfordres folk til å handle i forex ved å betale det opprinnelige investeringsbeløpet i indiske rupier. Residenter er imidlertid perm handlet på valutaterminer og opsjonskontrakter, handlet på børser anerkjent av Securities and Exchange Board of India SEBI i India, underlagt vilkårene som er fastsatt av Reserve Bank fra tid til annen. FOCUS - I dag vil de fleste av megleren tillate deg å handle i aksjer, CDF, alternativer, fremtid, metaller og ja forex DU VETER DU SKAL DO. Originally Postet av framebuffer. i har en venn i utlandet i tyskland Problemet er at de har 40 eller noe flat skatt og de er veldig godt organisert. Hvis han investerer på mine vegne, og jeg tjener penger, da vil disse pengene være en gevinst og han må betale skatt på den. Så vil han overføre den på kontoen min der jeg må betale en annen skatt Double taxing. Sam hvis jeg må investere mer og sette penger på sin konto Det kan bare gå som et lån eller en gave. Gave vil bli beskattet nå triple taxing. if pengene går som et lån, da vil kapitalgevinsten fra handel bli beskattes to ganger. Jeg savner noe. Et annet problem er, hvis du bruker en indisk megler, som tillitspenger, alpari, forex4u eller xtb osv., så kan de gjøre hva de vil. De er som pimps Og du er prostituert Siden prostitusjon er ulovlig, kan du ikke gå og klage mot pimp. På samme måte, hvis de behandler deg som søppel og lek mot deg eller jukser deg ellers, hva skal du fortelle politiet? De returnerer ikke min forex-penger. Jeg tror at forex-industrien bør lobbyere og få det legalisert. India er et fattig land uten trygghet og vi trenger alle veier mulig for mer jobbgenerering Hvis folk ønsker å handle bør de få lov til. Hva er en forexmegler å gjøre en 9-5 jobb. Originally Posted by framebuffer. I have a friend abroad in Germany Problemet er at de har 40 eller noe flatskatt og de er veldig godt organisert. Hvis han investerer på mine vegne, og jeg tjener penger, da vil pengene bli en gevinster og han må betale skatt på den. Så vil han overføre den på kontoen min der jeg vil må betale en annen skatt dobbeltbeskatning hvis jeg må investere mer og sette penger på kontoen min, kan det bare gå som et lån eller en gave Gaveen blir beskattet Nå tre ganger beskatning. Hvis pengene går som et lån, vil kapitalgevinsten fra handel bli beskattet to ganger. I missing anything. Another problem is, if you use an Indian broker, like reliance money, alpari, forex4u or xtb etc, then they can do whatever they want They are like the pimps And you are a prostitute Since prostitution is illegal, you cannot go and complaint against the pimp Similarly, if they treat you like trash and play against you or cheat you otherwise, what are you going to tell the police They are not returning my forex money. I think the forex industry should lobby and get it legalized India is a poor country with no social security and we need all avenues possible for more job generation If people want to trade they should be allowed to. What is a forex broker to do A 9-5 job. ABOUT THE PIMP AND PROSTUTE IS ILLEGAL but wait the example you gave has really no connectio n to forex example as i said - t is because of some fools who wanted to get millionaire overnight funded and gambled large amount of money in these off-shore broker and later crying went into the police station for fraud BECAUSE THEY LOST RBI CREATED THIS RULE IN OTHER WORDS PEOPLE ARE NOT AWARE OF THIS RULE THOSE WHO ARE AWARE ARE VERY SMART THEY WILL NEVER GET INTO ANY TROUBLE. What is Forex Trading in India Legal or not. Few days back I received a message from a company representative on Facebook, forcing me to offer the INTERNATIONAL BUSINESS OPPORTUNITY called FOREX TRADING to my client 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 India 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 future you may be under such trap So thought to share this i nformation and making you aware about what actually are Indian regulations about this Forex Trading Below is the interesting discussion Name of executive and Company she represents changedpany Executive - Hello sir, I am Shilpa here Working for a Multi National Company named ABC Consultant I got to know that you are the financial planner, so I wanted to discuss with you business proposal regarding international Commodity and currency trading. The profits you earn is in Dollars and the returns ranges from 8 to 95 within a month This is the only industry where you can earn huge profits in short terms. I will be looking forward for your reply sir. Basavaraj - oh sure let us start nowpany Executive - Can you please send me your contact number so that I can call you up and explain the overall picture of ABC. Basavaraj - Let us discuss first the regulatory issue Under which regulation this trading will be performedpany Executive - we are group company of the ABC International Consortium HIC , ABC is a registered member of the Indonesia Regulatory Agency. Further ABC is also registered with BAPPEBTI Member of The Indonesian Derivatives Clearing House Member of Jakarta Futures Exchange Member of the Commodity Trading Board With sanctions obtained for Overseas Transactions, HIF we can now offer our clients a broader spectrum of trading and investment opportunities. Basavaraj - I am asking you, to operate in India under which regulation you are registered Who regulates the trade generated in India Forget about the Indonesia or other countries, I am living in India and let us discuss who bonds these transactionspany Executive - Sir we have our headquarters in Jakarta, so we are directly regulated by the exchange. Resident Indians can trade in currency through various Indian financial institutions today However, currently the resident Indians cannot trade in currency pairs not involving the Indian Rupee, like the USD GBP with any scheduled bank or such other agency falling under the regulato ry purview of the Reserve Bank of India Therefore to trade in such currency pairs, one will have to transact Foreign Exchange trades outside India. Basavaraj - Jakarta is ok but money is going to be invested from India and you are claiming that you have an office in India So ultimately you will come under regulatory So who regulate you people Or in future my transactionspany Executive - RBI, through the provisions under A P Dir Series Circular No 64 dated Feb 4,2004, Circular No 24 dated Dec 20,2006, Circular No 51 dated May 8,2007, Circular No 9 dated Sept 26,2007 and Circular No 05 2009-10 dated July 1, 2009 granted permission to Resident Individuals to freely remit up to USD 200,000 per calendar year for acquiring and hold immovable property, to invest in stocks, shares, exchange traded funds, debt instruments, stock options and index options outside India without prior approval of the Reserve Bank of India Individuals can also open, maintain and hold foreign currency accounts with a b ank outside India for making remittances under the Scheme without prior approval of the Reserve Bank. Basavaraj - so you are claiming to be no one will regulate and according to the law of land this is not legal rightpany Executive - It is legal, we are doing CFD i e contract for difference In India forex is Not legal but not CFD We bid and ask only for the price difference. Basavaraj - From the above reply of Resident Individuals to freely remit up to USD 200,000 per calendar year for acquiring and hold immovable property, to invest in stocks, shares, exchange traded funds, debt instruments, stock options and index options outside India without prior approval of the Reserve Bank of India foreign currency exchange is missing Can you please elaborate on this So you re agreeing that forex trading in India is not legal rightpany Executive - yeah We are into CFD s Not forex trading. Basavaraj - again is this CFD legal Under whose regulation you do this trading Hope this link will be an eye opener for you personallypany Executive - no it is legal We are trading under the instructions of BAPPEBTI ITS LIKE SEBI in India And we have our regulated by the Jakarta Futures Exchange. Basavaraj - I need Indian regulator not Jakarta or any other unregulated country source If any issue with your company, default from opposite party or some other technical issue then you mean to say that I need to approach Jakarta Future Exchange or BAPPEBTI. Simply to say you knocked the wrong door sorrypany Executive - Sir in India whatever traded you take, when you punch the order it goes to Bombay stock exchange and you need not to go to Bombay to trade So same here we are directly member of Jakarta. Basavaraj - Agree I am asking if I need to sue your company or default to my trade then whom I need to approach Jakarta regulatorpany Executive - As of now such things have not happened We are registered in India, we have physical offices in Bangalore, whatever queries you have can consult here only. Basavaraj - You might have registered as a company but are you registered as a broker with SEBI Also what guarantee you provide that nothing will happen in future if not happened in the pastpany Executive - We are nothing to do with the Indian market, we are in International market, so we need not to report to SEBI In fact RBI and SEBI have to report to BAPPEBTI So we are directly member of that Tomorrow even if the Harvest is not there BAPPEBTI will give you 2 options like to continue the trading with other broker or you can withdraw the whole amount. Basavaraj - Oh is it I don t know this that RBI and SEBI will come under BAPPEBTI Can you provide the proof of this claimpany Executive - You will get two copies of documentation from Jakarta so everything will be in the documentation. Basavaraj - I am not asking the documentation Please first clear my doubt about the regulator You said RBI and SEBI will come under BAPPEBTI so provide me proof then I will be your first customerpany Executive - RBI and SEBI rel ated to India, but BAPPEBTI is Asian regulatory body RBI has given permission that Resident Individuals to freely remit up to USD 200,000 per now it is revised to75 000 calendar year for acquiring and hold immovable property, to invest in stocks, shares, exchange traded funds, debt instruments, stock options and index options outside India Anything above that we have to ask the permission from RBI. Basavaraj - But in above lines where they included forex trading Is BAPPEBTI is regulating the whole Asia Are so can you provide the proof. FINALLY NO ANSWER FROM OPPOSITE SIDE. Below are a few links which make sure that the forex trading in India not involving Indian Rupee is illegal. A complete list of FAQs Forex Facilities for Residents Individuals by RBI last updated on September 30th 2013.Hope above links will be providing us a clear indication that such trading using online platform is illegal But I have doubt about the above-said company, from whose representative I got a call is from Bang alore and how they are so openly offering without fear of regulations Get up regulators Don t act lately like what you did with Sahara Harshad Mehta, Stock Guru India or Saradha Chit Fund. Basavaraj Tonagatti. I am a Certified Financial Planner by qualification and currently living in Bangalore I am using this platform to spread knowledge about Personal Financial Planning Hope you too join me in spreading this awareness. Prashant Sharma says. September 4, 2016 at 12 53 PM. hello sir, few days ago a person came to me and give me a proposal to account holing or FD Fixed Deposit condition was - If i provide 1Cr INR account to him by holding he will give me 3Cr INR in advance through RTGS. he will use holding account money in Forex trading I dont know is this a genuine process or not Could you please give some light in it Thank you. September 7, 2016 at 10 48 AM. Prashant-It is fake claims Never ever rely on such claims If he still insist you for investment, you can complain against him. September 7, 2016 at 10 53 AM. Thank you , I m intrested to know about Forex trading if u have me any suggestion or advice so please, It would help me to learn Forex trading Thank you Prashant Sharma. August 29, 2016 at 5 49 PM. February 16, 2016 at 1 31 PM. This is regarding Forex trading in INDIA by a company name SIX Capital Singapore Based SIX Capital is providing training of Forex trading and after training they will select for trading as a trader here 200 students are attending their training and company is going to open their office in Mumbai very soon for Forex trading But as you have already discussed earlier that Forex trading in INDIA NOT INCLUDING INR IS ILLEGAL and this is absolutely right as per RBI regulation My question to you is that should I quit this training or question them regarding this issue or is it possible that they can do it by outsourcing. Pls, suggest me about this, waiting for your response. February 16, 2016 at 7 02 PM. Sumit-Please question the issues of what I said abo ve Let them show the SEBI registration Otherwise, you inform them that you first write a letter to SEBI about their company If SEBI have no issues, then you will go ahead I think they run away. Aditya Jagtap says. February 6, 2016 at 4 50 PM. Hi I am presently staying 7 months overseas and 5 months in India for any financial year I have an NRI account and receive remittances for my salary from overseas Want to start FOREX trading The income I receive is non taxable and plan to invest in FOREX Can I start forex trading without any legal hassles. February 6, 2016 at 6 28 PM. kalpana Dalwadi says. December 5, 2015 at 2 45 PM. Hello sir, pls tell me Forex Trading fantastic Opportunity its legal or not. Just received a message about a fantastic Opportunity for Investors in Forex Trading 1 Min 30 Lacs to Max 50 lacs investment 2 Period of investment 2 options 20 days option and 40 days option 3 ROI 60 on investment after 20 days eg For 50 Lacs investor gets 80 lacs after 20 days Profit of 30 lacs 4 Agreement will be signed 5 ROI will be transfered through RTGS to the same bank account from where the investment is made. by my mail id thanks. December 5, 2015 at 8 08 PM. Kalpana-It is still illegal If the person is so confident of 60 return then why he is running behind clients for investment If that much is the return then in few months he may be WORLD s RICHEST PERSON Then why he is begging you to invest Simply understand the basics of investment rules-1 Anything illegal is always dangerous and may leads to lost in your principal too 2 Higher return always leads to higher risk Think and decide. January 10, 2016 at 10 37 PM. hello sir, but theres still a large number of people trading in the forex markets and brokerages freely operating in the country how the hell are they getting away with it after so long how come no action has been taken on top of that dont think the banks are freezing any accounts as such also. January 11, 2016 at 9 35 AM. May 24, 2015 at 2 35 PM. its really knowledge ably blog apart from forex there is a lot of information regarding investment planing but may I KNOW why forex trading is illegal in india i try to find out why it illegal although there are more immersing country like india give permission to trad in forex market broker i think not cheater they are regulated by some designed authority like FCS, MIFID, CYSEC, a have thier proper platform and advance platform for trading their deposit and withdrawal process also very esay now the question come how do i know about it i was at dubai few year back i revived a call from one of forex broker representative he teach me some thing about week i did research on it first i invested 5 k usd that i lost with in 1 month again i deposit 5 k usd and 4 month i trad with them after 4 month i withdraw 46 k usd broker was also upset with me but i made money with my knowledge so find out some way to do go against there would be way as big corrupt ministers and doing. May 24, 2015 at 6 11 PM. Arun-If big corrupt ministers breaking law means we too Is the Forex trading only way to earn money There are enough opportunities for traders in India itself then why this ONLY. June 8, 2015 at 12 02 AM. Those companies were really good before promoters started robbing investors not the lack of you name a few companies with your great knowledge that will give me returns 5 years from now I am ready to if I make losses from the names you suggest, will you compensate me for the losses incurred because of your said I lack, no one can suggest RISK is you invest, it doesnt matter how the stock a joke Imagine a person who invested 65 lakhs in L will lose a lot even if stock moves by a small the guarantee that stock will always move up after you invest What if it doesn t even after 20 years Will you keep the money INVESTED adamantly till you reach 70.And coming to your final in forex I already told you its not easy to manipulate forex as it is to manipulate a because huge amount flows in and it involves huge amoun t of risk to manipulate forex, even banks are not brave enough to take the risk of manipulating forex, as they appoint qualified traders to trade on their behalf who trade with strict like as you said, invest and are current range should matter to you even if you be as a certified financial planner, you only throw pieces of advice to your clients to INVEST AND FORGET ABOUT CURRENT DOESNT MATTER AS YOU RE a few years your clients will be after. June 8, 2015 at 9 47 AM. Sarath-Equity investment meant for 5 years This where you and me getting different views Check your facts about equity INVESTMENT Volatility is inherent But it subdue when we invest for long term When you invest in cheap stocks or the stocks which recommended by the so-called experts who in turn brokers then there is high possibility that they turn to negative Look at people who look for value investment For example Basant Maheshwari and Manekar a person recently in news due to UB Invest and Forget is not meant for any investm ent. The difference between you and me is, you are negating the views of stock market TRADING, but I am putting the views of stock market INVESTING Hope you understand the difference. December 18, 2015 at 11 59 AM. Hi i like very much your opinions and comments i agree your comments regarding this issue i am alos professional Forex trader like you sine 2010, plz send me your contact to my mail, we can share our views which may help a lot both of us thanks in advance. March 28, 2015 at 11 59 PM. Bro, i have read allot about this Forex illegality in INDIA, and fed up reading I am also a trader earning a good amount Not only me but there are so many traders earning through forex and withdrawing in lacs per month in INDIA, still no problem - So i am planning to go to foriegn country and open a bank account there and withdraw all my PROFITS in that bank account, and there are some banks in foriegn countries which provides instant bank account opening to Foriegners within 1-2 days Then tell if i d o like this and come back to india and use that money here is it still illegal i dont think so it will be illegal - And as per RBI it is stated that, We can transact 75,000 per year, and we dont have to give any reason for such transaction to RBI or Bank If it is done in a safe way Read carefully and reply back what you say about this. March 29, 2015 at 8 43 AM. March 1, 2015 at 12 20 PM. I am also a forex trader, a signal provider and pool account manager in forex business from last 4 years and able to develop a very big and good forex earning business model where a comman man easily can earn from 10,000-50,000 INR sitting at home and can improve the life of a comman man or weaker section After reading all the points above i would like to mention few points here please and need support.1 Forex trading from India is illegal and there is no doubt about it but we want to do it legally from India and its legal way is you can be NRI and use the own account into that particular country where fo rex trading is legally allowed and can remit your profits into NRE account and can show the concern authority about your earnings and pay taxex accordingly and it is legal because you have used your stored capital for the forex trading there not by remitting funds from India.2 You can form a company out side India where forex trading is legally allowed as a subsidiary of your Indian company Indian company will be parent company but this for those who have already own any company in India and remit funds outside to subsidiary company and subsidiary will do forex trading and will revert you the benefits as a dividend and it is legal.3 As this is the world s largest business more than 5 Trillion USD per day so no doubt if someone has its knowledge and proper risk management then life can be changed in short span of time and i do not feel personally that there is such a good earning opportunity on earth except Forex trading and for indian people where unemployment and poverty too high then why Indian Government is not allowing to do for a comman man whereas all political party and leaders talk about comman man so i think they should be serious on this business opportunity and make the laws accordingly.4 Its my view that most of the Indian Political Parties and Leaders except few leaders but may be they do not know about forex trading potential so could not be focused on this talk about the welfare of the people but never think seriously to do for them because if comman man will be financially strong then never will accept their dirty politics so they think that comman man should be always poor and struggler with there problems.5 If this business have not good potential and liking with mass then why millions of millions of people attracting towards it Very small small countries like UAE, Indonesia, Japan and many more have allowed forex trading legally in own country then why not India I think it is the totally matter of intentions and nothing else Is there not involved risk for the comman man there.6 I am not a follower of any party but i know the power of aam aadmi comman man its result we have seen in Delhi election so my view is that we should all forex trading lovers should organise and make a common sign letter and give to Shri Narendra Modi sir who is our hourable Prime Minister as he thinks always about comman man and think for the bottom people and when we all shall be together present our interest and concern then we hope that sure he will re think and talk to the concern authorities to do it legally from India As he has also own drive for online Digital India concept and Skill Development program I think Forex Trading skill should be covered into his skill development program We are also interested to do it legally from India and i am more confident that India has the best tallent in world and best growing your population so we can bring huge capital to our financial institutions through forex trading and can change jointly many comman man life I am also a trader and can generate up to 30 per month profits easily from forex trading.7 Already millions of people doing this business by wrong way which is also a huge loss for the government and my view is that indian government can get good revenues through this business if legally allowed. i think for this program please email me and decide jointly how we can be collective for this concern and can be reach our message to the government I think huge unemployment can be remove by this business I need your valuable feed back or suggetion please All the best. With regards. Eknath kadam says. March 18, 2015 at 8 20 PM. June 9, 2014 at 2 26 PM. Dear Mr Tonagatti, Nice article Good insight about Forex trading in India and government regulations One thing which I did not like here is the negative views about Forex trading As you may be aware of the fact that several people are trading Forex successfully using some consistent strategy method The problem with Indian laws and lawmakers particularly in last couple of decades they lack balanced thinking while making any laws They lack vision and mostly their thinking is one-sided while framing any law Laws are meant to cover almost all situations and almost all people and benefits almost all those come under law Also, they are supposed to provide checks and balances to make it harder to violate such laws Of course there will be exceptions and few corner cases but in this Forex laws they are totally ignorant about the people who can successfully trade Forex and change their lives for better Person from poor background can become financially well-off with Forex trading if he has right skills I am not suggesting that Forex trading is easy and everybody can trade successfully But, there are certainly some people those who can Trade successfully And these so called laws are not fair to these people. June 9, 2014 at 3 32 PM. Ash-I am also not against Forex Trading but against crossing legality of land You may say many things but still there are risks involved and common Indian investors who are more of FD savvy can t understand these products But let us hope for future Govt regulations and law changes for few intelligent investors. June 6, 2014 at 9 26 PM. I m from India, and I m forex traders, and I can say that it is the best thing that has ever happened to me Forex trading is not legal in India, however it is one of the most risky business, but I can say that Forex has changed my life And I would never ever quit forex trading, so I have decided to go abroad to establish my trading Skills I already have offer from Canada, Australis, UK and Poland So I have decided to go to Poland. I also think that people should get into this business to change their life. June 7, 2014 at 9 44 AM. May 16, 2014 at 6 02 AM. Hi sir Basavaraj , i am not invested my own money in forex, I am teaching forex trading in online, and few of my students outside India invest some good money in their forex a c, and i will trade on that a c for training them with their own real forex a c s forex a c s with my student s name I will recieve the payment from my students for my trading performance on their real a c s I just act as a working partner and my student act as an investor I will recieve my trading payment of the students a c through e-c urrencies like perfect money, neteller, skrill, etc i want to know that i am trading only in foreigner a c s students outside india and getting profits from their trading a c s through ecurrencies, so my activities are legal or illegal to RBI. If I want to pay Income tax, how i can pay for my income from my student s a c foreigner a c s. May 16, 2014 at 7 48 AM. Arun-In your case I am not aware whether your status is NRI or not Second thing is, you are acting on behalf of your students and using their account details to do trade Also you get your share from your students account to your account Then legally how you can be liable for any trading done on behalf of your student But at the same time doing such set of transactions, do you think you are doing right thing on behalf of student who may face some legal issue if their money is transacting from Indian original bank account You are claiming to be teacher but before giving suggestion better to understand what will be percussion of your student and whether they are doing such acts within the law of land or not So think yourself and act. Pawan Kumar says. May 13, 2014 at 1 06 PM. I am trading in forex for 4 years, and till today, there is no problem I faced, I made withdrawal and successfully get money. I start with free money Contest. Last week I made another withdrawal This time I used another bank account Today I got call from this bank and they asked about money they received in my name I told them that this is from forex trading They said forex trading is not legal in India Shock time for me, I made another withdrawal in last month and got money without any problem. What I need to do to complete this transaction 355 EUR. May 13, 2014 at 1 34 PM. May 8, 2014 at 1 06 AM. I saw all u r commends and what I noticed that apart from this legal issue Here is small story of my trading history with forex currently I am trading in international market from past 4 years prior to this I was ex employ of Indian commodity company headin g regional branches in Karnataka for almost 8 years and m also a financial planner for my respected clients now here is comparison between indian commodities and international commodity Step 1 not hedging is allowed in indian market with but hedging is allowed in Cfx there u avoid lose Step 2 fundamental and technical analysation is very easy in international market but here in indian market is possible Step 3 margin utilisation is very low in Cfx 1 400 leverage and profit spreads also is same but in indian market let me u can t Step 3 afcourse I agree that non of indian regulatory are involved in forex but FSA is involved its international govt boby to safe guard the investor money because I trade with ECN brokers they are not a market maker Step 4 if u r forex or CFx platform is registered under FSA and listed under ECN brokers then there is no issue with u r investment there are lot value added advantages in international market if u r a smart trader u r going to make money with out fail indian people are fails to make money even thow with smart because market tuning it s very harder to cone with profit in commodity. May 8, 2014 at 8 59 AM. Madhu-Thanks for sharing your views But do you think that such complicated product when we look at normal Indian investor will understand product easily and do his own technical and risk appetite things Also barring such trading in India is due to some money laundering issues When you say easy to analyse the international market, may I know in what context you are saying this Regarding regulatory framework, do you feel for retail investor it is very much easy to interact with international regulator to deal Also Indian market or investor not to that extent that they can think of international market, because of low penetration to equity market itself Apart from these for investor there are lot of other options to understand and trade Why to take such complication and risk your money. May 10, 2014 at 2 16 AM. Madhu sir, i m a Forex trader too but newbie thank you I have bit confusion in financial matters, i need you guidance on how to withdraw and all I m really hving so much hope on this business, Please give your mail id or skype id so that i can contact you you. May 3, 2014 at 5 06 AM. I am an indian citizen living in australia on work permit Visa I have been living abroad from last 2 years and might live for another 2 years Forex Trading is legal in this country So If I do forex trading in Australia, will it be legal I am not paying any taxes in india and not making any remittances from India to Australia account. May 3, 2014 at 8 15 PM. August 20, 2014 at 2 30 AM. Thanks for sharing excellent information I have some questions Could you please clarify. Question 1 My situation is also same as Jay situation Having an Australian bank account and have work permit visa Only problem is after working in Australia I came back to india and I am residing in india now Now can I do forex trading online from india using my Austr alian bank account only but not any indian bank accounts. Question 2 Also if I get any profit in forex trading can I transfer the amount from my Australian bank account to NRE account Do I need to explain the source of income to RBI Could you please let me know. Thanks for your time. August 20, 2014 at 10 34 AM. Rohit-You can do so But how you bring that money to India You need to explain the source of such amount if tax authorities asked for the same Because you are staying here and definitely Indian bank officials raise the issue Then what you say them. August 25, 2014 at 12 36 AM. Thank you Sir Sorry for the delayed response I have one more question. I have stayed more than 6 months outside india In that case I think I attain NRI status I would like to know if there is any provision that NRIs can do forex trading while residing in india temporarily Could you please clarify. August 25, 2014 at 1 07 PM. Rohit-The status of NRI will not come into picture Because if you are using money transfer facility of Indian origin like your savings, current or NRE accounts then definitely it will be an issue. February 26, 2015 at 9 27 PM. Dear Mr Basavaraj. I have a similar question which I d be very grateful if you can answer. I worked for several years in Australia, later became a citizen there and am also an OCI dual citizenship in India Now I m working in India for the past few years, so I m a resident of India. I still have some savings left in my Australian bank account can I use that for forex trading in an account opened there itself. In such case I will use only the existing savings held in Australia and not remit any forex from India I will take care to correctly report pay applicable taxes in Australia and India I would be receiving the profit withdrawals in my Australian bank account, which I would remit to my SB Resident account in India as and when required the trading account is provided by a reputed company having offices in UK, Australia and a few other countries and register ed with the appropriate authority body. In this scenario would it be legal to trade forex Please advise soonest possible. Many thanks in advance. February 27, 2015 at 11 31 AM. Shrikanth-But what source you mention when you remit the cash from Australia to India. February 27, 2015 at 12 16 PM. I will mention as own funds as it would be out of income earned in AUS on which I would have paid the tax there. I have transferred this way several times without any trouble. February 27, 2015 at 1 27 PM. Shrikanth-Currently you are staying in India then how this OWN FUNDS I don t know what is prompting you to take such risk, when rest of the investments are easily available legally for you. February 27, 2015 at 5 08 PM. The legality is what I m checking with you Since a I m not using forex remitted out of India and b it is openly declared, tax-paid income and c I m a foreign national dual citizen does it not fall outside the scope of the FEMA RBI rules Can you please explain in detail. I know there are other options for investments in India but as I have acquired substantial skill knowledge of forex trading I want to include that in my portfolio if feasible. I also want to want to check in case forex trading and CFDs are not allowable because they are margin products , how about forex Options e g those offered by Saxo Bank and Binary Options. February 28, 2015 at 10 17 AM. Shrikanth-There is no illegal ity if you do trading using the Australian Bank But my question is how you justify the source of amount when you remit the cash to Indian To be frank, I am not a big fan of trading But a huge fan of equity investment. February 28, 2015 at 1 20 PM. Hi, thanks for confirming there s no illegality when using AUS bank account would help if you can point out the specific section or circular for my reference Regarding the source for remittance to India I will re-check with my bank and CA I too agree equity investment is good for stable long-term returns but think this trading has it s own significance and can be a small part of the total portfolio. Thanks once again Shrikanth. April 27, 2014 at 5 44 PM. Having read and heard abut this a lot there is not doubt that Forex trading is illegal in India But thousands of Indian traders are still involved in it and the numbers are continuing to increase I m not yet involved in any such trading but the question that crosses my mind is What is it in Forex trading that makes it so illegal Why RBI has problems with Indian traders trading Forex. April 27, 2014 at 6 15 PM. Vipul-Place where trading takes place are the countries which have loose law against money laundering So if RBI permits this then easily a best route for illegal activity. April 28, 2014 at 12 13 AM. So if money laundering is what RBI is trying to prevent that means Indians are being kept away from an amazing money making opportunity just because there are no proper regulations in India towards Forex trading Instead of restricting people don t you think RBI should have a proper regulating body for Forex trading to solve the issue What do you think. April 28, 2014 at 8 25 AM. Vipula-It is not a problem of RBI but the problem of countries where trade get executed These countries have loose laws Hence to safe guard the Indian economy RBI must act so. April 28, 2014 at 12 14 PM. Safeguard our Economy Is this what RBI says I wonder why in the US, Europe, Australia and UK the regulatin g bodies feel otherwise Why don t they feel it necessary to take such steps to safeguard their economy. April 28, 2014 at 3 02 PM. Vipula-Economical or in other words the countries you mentioned are not reeling under black money or some other financial threats to that extent than India Also what is the point in following the so called BIG BOSS blindly To be frank such forex trading offerings will not be from US, Europe or Australia but from the countries like Indonasia or some other third world countries. April 28, 2014 at 3 08 PM. July 21, 2014 at 11 29 AM. there are forex company s based in australia, uk, new zealand, germany etc, and that info provided by him that forex services are provided only by third world countries is inaccurate and very prejudiced, there are many local and international traders in fx based from those countries, money laundering are allowed by big indian fishes to hide their black money but not by law abiding regular resident indians who does forex for bread making activity is a very dual sided, discriminated, prejudiced and marginalized policy hope rbi at least check on the indian traders credentials and allow them to do conditional forex trading if they are that scared of loosing money by sending amounts less than 5000 usd per year. July 21, 2014 at 2 48 PM. Bharath-Thanks for commenting But why those Australian Forex Brokers not luring Indian investors Why only from third world countries. May 10, 2014 at 2 12 AM. Hello Sir thanks for bringing your experience in to public, this gave me chance to clear my doubts about Forex Trading Sir i m good at Forex trading and i m earning decent income there, but i didn t invest any money on my own, i received a bonus from a broker for winning a contest and using that bonus i improved my trading balance and planning to withdraw when i read about RBI regulations i haapened to see this FAQ. Q 27 Can a person resident in India hold assets outside India. Ans In terms of sub-section 4, of Section 6 of the Foreign Exchan ge Management Act, 1999, a person resident in India is free to hold, own, transfer or invest in foreign currency, foreign security or any immovable property situated outside India if such currency, security or property was acquired, held or owned by such person when he was resident outside India or inherited from a person who was resident outside India. So my first question is can i receive money from a Electronic payment processor like Moneybooker or Skrill instead of individual outside India As this company is situated out India but has a branch in India, so even i withdraw through this processor and mention source of income as Forex investment that shouldn t be a problem right I mean it should be like Gift or insurance for sure. If above process is not available the only way is to open a bank account outside India Is it possible. May 10, 2014 at 11 19 AM. Sidhu-You are understanding it wrongly Please add your shared RBI ruling with what I shared above regarding holding currency derivativ es Then you will find differentiation If you transfer through any means and mentioned as Forex Investment then they may unearth the source of investment, where it is invested and whether it is legal or not So you need to answer all those questions Opening bank account in your name outside India is solution But will the country where you are intended to open account is so free that any outsider can open account and transfer funds as their wish Think and decide. April 8, 2014 at 10 36 AM. Sir I have already transferred some money in the account of aforesaid company but yet not started any transaction After reading your article now I don t want to trade with them Can I withdrawn my money safely. Currency Trading. What is Currency Trading. The term currency trading can mean different things If you want to learn about how to save time and money on foreign payments and currency transfers, visit XE Money Transfer. These articles, on the other hand, discuss currency trading as buying and selling cur rency on the foreign exchange or Forex market with the intent to make money, often called speculative forex trading XE does not offer speculative forex trading, nor do we recommend any firms that offer this service These articles are provided for general information only. How Forex Works. The currency exchange rate is the rate at which one currency can be exchanged for another It is always quoted in pairs like the EUR USD the Euro and the US Dollar Exchange rates fluctuate based on economic factors like inflation, industrial production and geopolitical events These factors will influence whether you buy or sell a currency pair. Example of a Forex Trade. The EUR USD rate represents the number of US Dollars one Euro can purchase If you believe that the Euro will increase in value against the US Dollar, you will buy Euros with US Dollars If the exchange rate rises, you will sell the Euros back, making a profit Please keep in mind that forex trading involves a high risk of loss. Why Trade Curre ncies. Forex is the world s largest market, with about 3 2 trillion US dollars in daily volume and 24-hour market action Some key differences between Forex and Equities markets are. Many firms don t charge commissions you pay only the bid ask spreads. There s 24 hour trading you dictate when to trade and how to trade. You can trade on leverage, but this can magnify potential gains and losses. You can focus on picking from a few currencies rather than from 5000 stocks. Forex is accessible you don t need a lot of money to get started. Why Currency Trading Is Not For Everyone. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for everyone Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite Remember, you could sustain a loss of some or all of your initial investment, which means that you should not invest money that you cannot afford to lose If you have any doubts, it is ad visable to seek advice from an independent financial advisor. Find out what you should know before trading Forex Read this.