I'm well aware that Forex trading is effectively outlawed by the reserve bank of India, but since it's legal to transfer foreign exchange for any asset, share, etc. - just curious where CFDs stand with respect to the law? Logically, CFDs have a guaranteed two-way quote, so they don't require deposits of "margin money" in some sense. I've read some people argue that nothing specifically outlaws trading contracts for difference. Anyone here with any particular knowledge of these issues?
Thanks in advance.
Thanks in advance.
