Any Legit Indian Broker ?

M

meetukochar

New Member
#1
#1
Hi, I read alot about TRADING IS ILLEGAL IN INDIA,
But i have confirmed that people like me who have accounts with almost $1000-$2000 no one is noticing that amount, only Million Dollar accounts are under radar..

So I am looking for some good Indian Broker who has support in India..
I have searched a lot on Google and i can only see few brokers that offer support in India..
1) http://alpari.co.in/
2) weltrade.in

I know alpari very well, but i requested callback at weltrade and I talked to their representative on phone, and that person who talks on phone explained several things to me and looks very promising..

I am looking for some genuine reviews about this company weltrade.in if anyone had account with them ?
Please help me choose between Alpari and Weltrade..

Thanks.
 
K

knightrader

New Member
#2
#2
hi
brokers with support in India only trade INR pairs, I think.
If you want to trade major pairs you want an overseas account. There are many good brokers. choose one with low spread (1 to 2 pip for eur/usd) and 1:500 leverage. If you have any hedging strategy then choose a broker who allows it.
All the best.
 
DataRam

DataRam

Banned
#7
#7
meetukochar said:
Hi, I read alot about TRADING IS ILLEGAL IN INDIA,
But i have confirmed that people like me who have accounts with almost $1000-$2000 no one is noticing that amount, only Million Dollar accounts are under radar..

So I am looking for some good Indian Broker who has support in India..
I have searched a lot on Google and i can only see few brokers that offer support in India..
1) http://alpari.co.in/
2) weltrade.in

I know alpari very well, but i requested callback at weltrade and I talked to their representative on phone, and that person who talks on phone explained several things to me and looks very promising..

I am looking for some genuine reviews about this company weltrade.in if anyone had account with them ?
Please help me choose between Alpari and Weltrade..

Thanks.
Click to expand...
Well if one thinks that one can hide from the watchdogs then this notion may prove to be wrong one day . Be careful remitting money outside India for margin trading which comes under ban from RBI . FEMA is one of the toughest LAW to face. Anti Money laundering rules are getting stiffer by the passing day . Disguised means to do forex trading can save someone for some time but who knows how long .
 
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