Can NRI's do online intraday trading in India? If so, through which broker?

[Prash_d]

Hi Guys,

Am finding that most online brokers allow only delivery trade or investment options for NRI's. Is it against regulation for NRI's to trade online thru Intra day?

If its possible, pls suggest which brokers are the ones offering this?

On same note, if i use my non NRI account & demat account, is it possible for me do intraday trading (& pay the applicable taxes ofcourse). Or is it not allowed?

 

[VJAY]

Dear Prashad
NRI,s not allowed to trade intraday......

 

[mrkhanae]

Hi everybody
Is there any update on this?. Still the rule exists or is there any relaxation to it?

Cheers

 

[Khushijain]

Hi Prash_d ,
In your NRI account you wouldn't be able to do intraday trading and even delivery would be much more but if you already have a non nri account you can open a demat account and connect it with that bank and trade regularly without any problem.

I am a sub broker for kotak and can provide you with a good brokerage as well as a good trading software where you can trade hassle free. We even have professional traders who provide trading ideas for greater profit.
If your interested mail me in [email protected] as we can discuss further

 

[deep4u]

I think u can trade now... but not intraday for equities segment and u can trade futures / options

http://www.benefitpress.com/guidelines-for-nri-trading-in-india.html


http://www.nri-account.com/derivatives.html