How and where to open FOREX Trading Account?

How and where to open FOREX Trading Account in INDIA ?

Regards,
Dhananjay

alpari and fxcentral i suppose are in india.

Thanks, I will check those two.

Do you trade CURRENCIES ?




Regards,
Dhananjay

not yet. Demo trading now adays with ibfx demo account.

what abt the charges involved in the trading...

like we brokerage rates and other taxes imposed on equity trading how abt these in forex trading..

"am pretty new to forex,holging a demo acc d'loaded from forex4u"


thanks in advance
$an

will some one shed light on basic procedures involved in opening FOREX account, in this thread rather than discussing higher aspects here and analyse it in a separate thread, because this one was started by "dJay" to know the elementary steps involved.. Just like him.. many persons like me is also curious to know.

Regards
Saivenkat

Basic process is below

Online:

Fill the required account application required

Offline:

Download application or get application paper from your brokers, go through it and sign them up were ever required

And send scanned copy of same and some broker need physical copy of it though



Submit the required ID proof required generally Driving License, Passport, Pan Card or Voter ID is treated as valid in most cases and some brokers need recent copy of your utility bill

Fund your account:

1. Wire Transfer
2. Online using credit card
3. Local funding

Decide you want market maker or ECN before going to trade FX

Recommended broker: Fxcentral, i have account with them as i need local support

Hello fxgood,

Well i want to know how much is the charges for opening the forex trading ac in India and one individual can have how many forex accounts..?

looking for your answer..

Thanks
Albert

Hi Albert,

Are you only looking to open in India? I opened overseas with a broker who has direct mkt access. Prices seems to be excellent for the cause. I opened with dukascopy, and through the forex live room in so i also get some rebate back. Only just started but its been ok so far.

regards

Rahul S.

They have reduced the trading size to something like 1k now. I'm finding their platform on of the best. I opened via forex live room so that they also give a rebate. Pretty neat.

regards

Rahul