Etoro Is Good for India or not?

I

indianforextrader

New Member
#1
#1
i want to know About forex Trading !! is it legally trade with etoro.com

As Etoro Has Commodities Stocks and all . And i have to deposit Money to Paypal and get Money to paypal ... But if i dont transfer in indian accounts

And What if I stick With Balance in paypal and not transfer money to indian banks ..... and what will happen when i transfer money to indian banks ?? i traded 45% with currencies and 55% with Stocks !!
 
T

throwawayacc123

Well-Known Member
#2
#2
indianforextrader said:
i want to know About forex Trading !! is it legally trade with etoro.com

As Etoro Has Commodities Stocks and all . And i have to deposit Money to Paypal and get Money to paypal ... But if i dont transfer in indian accounts

And What if I stick With Balance in paypal and not transfer money to indian banks ..... and what will happen when i transfer money to indian banks ?? i traded 45% with currencies and 55% with Stocks !!
Click to expand...
your bank a/c and paypal a/c will get frozen. It is illegal to trade FOREX with any broker outside india.
 
M

mastermind007

Well-Known Member
#3
#3
throwawayacc123 said:
your bank a/c and paypal a/c will get frozen. It is illegal to trade FOREX with any broker outside india.
Click to expand...
Yes.... this seems to be an issue... Another thing is the bonus ...
Most forex brokers give sign-in bonus and most people get trapped for gettign extra funds for trading. But, that effectively traps your funds and you can no longer withdraw until you've traded a certain limit. Very few traders are able to reach the limit w/o first blowing off their capital.
 
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