is still forex trading banned in india

Hi,
i went to few sites, but wasn't able to get the clear idea.
is forex trading banned in india. ?

Thanks for reading
Chezhian

I don't think so, I have few friends who trade from India. I think site could be down!

RBI does not allow Indian Citizens to Deal in Retail Forex Trading with any brokers outside India.

Here are some links that could be helpful to you:

LINK1

LINK2

Direct Links to RBI website:


LINK1

LINK2

You can PM me if you need any further guidance.

I'm not an Indian but I have heard you can only trade with a limit.

Some Limitations are there in India.But Forex Trading is Not Fully illegal in India

It is very clear that FOREX trading is illegal in India as per RBI guidelines.

Please visit RBI site and it is clearly mentioned you cannot trade overseas on margin in FOREX or Stocks/Futures.

you can trade Currency futures in India legally on NSE/MCX/MCX-SX Exchanges.

I think Forex is Not illegal.Its a Rumour Created By Some other Persons....

WOW!!!

What kind of a world you live in my friend. Even after RBI has clearly stated FOREX trading is illegal and any kind of margin based trading outside is illegal. you still think it's a rumor started by someone.

Amazing!!!

The one you just replied to....is a Forex Broker promoting themselves

Well, he made a complete fool of himself.

Also, i don't understand why Traderji allows FOREX brokers to advertise here, when Traderji clearly knows that FOREX trading is illegal. I have seen many FOREX broker advertisements and it makes me wonder what they are doing in india..

And worst of all, most people can't trade profitably on regulated exchanges , what makes them think they can trade with unregulated bucket shop FOREX brokers..I guess they want to give their money to FOREX brokers