Forex - clear the doubt pls

M

mohan007

New Member
#1
#1
Hai guys
i would like to know these facts are true ?
1. Only individual can do forex in india ?
2. Receiving Deposit in the Name of Forex is crime ?
3. Using extra money in to forex would treat under FEMA Act ?
4. How is the maximum and minimum amount should be invest in forex
5. If any one cheats in forex who would be responsible ?
6. is there any rbi recognised agent/broking company in india ?
7. Let me know the companies/agents who receives deposit in the Name of Forex
 
F

fxgood

Well-Known Member
#2
#2
mohan007 said:
Hai guys
i would like to know these facts are true ?
1. Only individual can do forex in india ?
2. Receiving Deposit in the Name of Forex is crime ?
3. Using extra money in to forex would treat under FEMA Act ?
4. How is the maximum and minimum amount should be invest in forex
5. If any one cheats in forex who would be responsible ?
6. is there any rbi recognised agent/broking company in india ?
7. Let me know the companies/agents who receives deposit in the Name of Forex
Click to expand...
1. Individuals can't fund account via remittance using LRS
2. Yes if you are directly using remittance
3. What is extra money means here?
4. Your risk tolerance some brokers even allows to start live accounts with 1 $ max no limits its upto what you are capable of
5. Go with regulated broker who are regulated, don't trust bucket shops and market makers in general
6. None directly so far
7. Alpari, Fxpro, Fxcontrol, 4xp and fxcentral many more are there google forex india
 
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