Are Brokers like Mtrading legal in India?

#1
Are brokers like Mtrading legal in India? They provide FOREX trading with international pairs like EUR/USD, GBP/USD etc. If they are legal what is the procedure to deposit and withdraw funds?
Thanks in Advance.

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#2
Are brokers like Mtrading legal in India? They provide FOREX trading with international pairs like EUR/USD, GBP/USD etc. If they are legal what is the procedure to deposit and withdraw funds?
Thanks in Advance.

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You can trade only currency futures offered on NSE,BSE and MSEI.
and Mtrading operate illegal. They are located in Belize which is offshore. If you send money you will never see it. Forget this bucket shop broker. Trade standardized futures products traded on exchanges

http://www.forexpeacearmy.com/community/threads/mtrading-india-is-completly-fraud.37828/
 

travi

Well-Known Member
#3
You can legally trade only with a SEBI registered broker.
 

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