Forex in India - Legal or Illegal

#1
I am a newbie here. I am trying my hands on forex trading and I want to open a read account with one good broker, but on some of the forums or blogs, I come to know It's illegal in india. A resident india cannot trade in foreign currency account or he can not remit money outside india for the purpose of trading in forex.

One more thing, If you are active trader then please share your experience with brokers in india.

Please help me on this issue. Thanks :)
 
#2
I am a newbie here. I am trying my hands on forex trading and I want to open a read account with one good broker, but on some of the forums or blogs, I come to know It's illegal in india. A resident india cannot trade in foreign currency account or he can not remit money outside india for the purpose of trading in forex.

One more thing, If you are active trader then please share your experience with brokers in india.

Please help me on this issue. Thanks :)



 

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