Recent content by trade2411

has anyone used octafx ..they accept IMPS payments from indian banks to a local account

RBI and SEBI should stop mothering retail investors , I think everyone is smart enough to understand their risk .. instead of a blanket ban on Forex , atleast allow XYZ amount per year or have some regulation .. its silly having a ban on trading forex .

Hi Senthilan, How exactly you do it when you say its possible ? 1. which country you open the company and how to incorporate (proprietorship , llc ) ? 2. what reason you give when you transfer funds from india 3. how will you bring profits back to india ( dividend , business profit ??? )

Do you trade futures or forex ?

has anyone tried opening interactive broker account for trading in "NSE and overseas markets ". They only allow cash accounts for indian residents for international markets. I had a call with them and did enquire about buying options, the customer representative said, that would be allowed ...

Yes :) , but our markets close at 5 PM :(

I believe you must be using skrill for deposit and withdrawals. Recently my cards got blocked for depositing money with a forex broker. Have you ever faced such issues with deposit to skrill ? do banks ask questions when you withdraw the money from skrill and what is the amount safe to...

motilal oswal provides .. but the volume is very less compared to usdinr futures and the spread is generally 2 Pips on EURUSD + commission and taxes might come to more than 3 pips in trading costs alone.. and spread on usdjpy is 4-5 pips , so almost not tradable intraday

Nice thread ! I just wish MCX was 24x7 like foreign markets, or we could trade foreign markets .. Sigh !!!

are you based in india ? i am looking to trade derivatives in CME , Europe etc but it violates FEMA .. which route are you using

What is the way out then, if you have dont have any relatives whom you can remit ? If you set up company, how would you structure it , and for what purpose should you set it up ? If the indian authorities ask for the audited statements of the company , audited by the regulator in the foreign...

lol, agree on the wife part . are you swing trading indian markets or strictly intraday ? All of my trading has been like setting SL or TP and letting one hit and not bother too much about the trade . I traded Forex on the hourly. but this might not work on our futures markets because of the...

Wow, i am glad you have so much information. I have few more queries if you dont mind : 1. Does it not violate FEMA if you set up a company abroad and trade in the name of the company. I have approached 2 lawyers, one of the guys told me this route too violates FEMA as it doing indirectly...

Do you have any suggestion, if someone do not have any relative abroad ? have you explored the options of setting up a company abroad, and trade from that company

Ageed on the 1 min part . Good to hear you were trading international markets from 2014, are you doing it now too ? I was a forex trader too, but stopped now because of RBI getting stricter on FEMA and banks asking lots of questions. On forex , you can easily have at least one swing...