Joint Trading Account with a Foreigner

ak09

New Member
#1
I want to open a joint trading account with a foreigner (In India on Tourist Visa) . Is this allowed? What are the relevant laws?

Any help and suggestions are appreciated.
 
#2
I doubt you can set a trust to your partner on your trading account and vise versa. When it comes to financial cooperation every partner's side should clearly determine their duties, risks ans profits. Trading account being "community property" doesn't imply such relations at all. Remember I tried to open common account in Hotforex but received clear answer that every account can be managed only by its verified owner
 

mastermind007

Well-Known Member
#3
I want to open a joint trading account with a foreigner (In India on Tourist Visa) . Is this allowed? What are the relevant laws?

Any help and suggestions are appreciated.
AFAIK, you can hold a Demat account in joint names. You cannot hold a trading account in joint names even if both account-openers are Indians.
 

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