Forex currency trading is not allowed in INDIA by RBI

#1
Hi my all INDIAN friends
I wish to inform you all that RBI doesnt
allow to trade forex online trading in INDIA.
Indian people cannot send money for purpose
forex Trading. I have met RBI on 17th April 2009
at Bombay Fort at 5th floor. I met to an Forex MARKET
Officer in RBI and enquired about forex tarding in INDIA
He replied " FOREX CURRENCY TRADDING IS NOT PERMITTED
IN INDIA" so we cannot send money by wire transfer for
the purpose of forex trading.

So beawre all .... forex trading is not allowed in INDIA
officially...

Take care all...

Vijay from Bombay
 
#2
Hi my all INDIAN friends
I wish to inform you all that RBI doesnt
allow to trade forex online trading in INDIA.
Indian people cannot send money for purpose
forex Trading. I have met RBI on 17th April 2009
at Bombay Fort at 5th floor. I met to an Forex MARKET
Officer in RBI and enquired about forex tarding in INDIA
He replied " FOREX CURRENCY TRADDING IS NOT PERMITTED
IN INDIA" so we cannot send money by wire transfer for
the purpose of forex trading.

So beawre all .... forex trading is not allowed in INDIA
officially...

Take care all...

Vijay from Bombay
Hi Mr. Vijay,

I think you have approached a wrong official in RBI.
Go to Reliance Money office near your home and open an account with them. They will do everything legally including taking you to your bank and complete the A-2 form and wire transfer legally permissible investment.

Once you get Reliance Money User ID and password , You can download their forex trading platform and everything is ready.

BINGO - you can start trading forex trading.
Kindly do not stay in the dark side of information.

Akasthyar
 
#3
Hi

Thanx man, many times I approached to private banks
but all forex department informed it its not permissible...
any way you, suggested me the right things.....

Thanx..
vijay22
 
#4
Re: Arrests for forex traders in INDIA???

Hi

Being heard that there arrests in INDIA for forex trading indivisual basis too??
specially in New Delhi, south india etc... any info about this??? if so pls reply
 

ag_fx

Well-Known Member
#5
Re: Arrests for forex traders in INDIA???

Hi

Being heard that there arrests in INDIA for forex trading indivisual basis too??
specially in New Delhi, south india etc... any info about this??? if so pls reply

Arrest?? You must be kidding....Do you realise that any arrests are made on breaking a "LAW". Try and find out if there is a LAW in this respect!!!
 
#6
Hi Mr. Vijay,

I think you have approached a wrong official in RBI.
Go to Reliance Money office near your home and open an account with them. They will do everything legally including taking you to your bank and complete the A-2 form and wire transfer legally permissible investment.

Once you get Reliance Money User ID and password , You can download their forex trading platform and everything is ready.

BINGO - you can start trading forex trading.
Kindly do not stay in the dark side of information.
-----------------------------------
Vijay, the Reliance Capital is only for USD/INR and not for other currency combiantions.

Thanks
 

VJAY

Well-Known Member
#7
Hi Mr. Vijay,

I think you have approached a wrong official in RBI.
Go to Reliance Money office near your home and open an account with them. They will do everything legally including taking you to your bank and complete the A-2 form and wire transfer legally permissible investment.

Once you get Reliance Money User ID and password , You can download their forex trading platform and everything is ready.

BINGO - you can start trading forex trading.
Kindly do not stay in the dark side of information.
-----------------------------------
Vijay, the Reliance Capital is only for USD/INR and not for other currency combiantions.

Thanks
Dear friend ,
now days allmost all brokers giving currency trading(only USD/INR) :D
 

ag_fx

Well-Known Member
#8
Dear friend ,
now days allmost all brokers giving currency trading(only USD/INR) :D
That is not because FX trading is not permissible. The reason is our brokers cant compete with the international brokers in the Spot OTC forex markets as of now.

Now, even ALPARI, UK has opened an office in Mumbai and is offering Forex trading to Indian residents. GO check out there website(just google Alpari India) and contact them to see if you can trade with them.

The answer you will find will be a big fat yes.
 
#10
Hi Vijay,

Forex Trading is not illegal or a punishable offence.

Even on the NSE homepage you can find information on the currency markets.

Would you need to go anywhere else to know that trading is allowed in currency? :thumb:
 

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