Dear Friends,
Good news for people who want to explore Currency market and want to invest.
Alpari UK open Office in Mumbai last month.
http://www.alpari.co.in/en english site
http://www.alpari.co.in/hi/ Hindi site.
They are just branch of Alpari UK FSA regulated broker...Good point.
Our account get's open at Alpari UK....Since RBI not yet allowed Forex Trading in india.
Relaince Money and ManFinancial also offer same thing, but they require Big account
Alpari offers minimum deposit of 200$. pl check site for more information.
Here is Speach from Alpari Mr. Pramit Brahmbhatt, CEO, Alpari India
http://www.indiainfoline.com/news/showleader.asp?storyId=786&lmn=1&cat=1
Read this ...mention in speach.
What according to you are some of the shortcoming of the Indian market? How should regulators/ authorities address the same?
First of all what I feel is that there is a dearth of information available to Indian investors about the global currency market, which has restricted them from actively participating in the global currency market. Moreover, our Fourth Estate (media) is not focusing too strongly on the currency market and providing information to the Indian investors. The market is still in its nascent stage and strict regulations by the RBI and Govt. makes it even more difficult for Indian Investors to trade.
Currently, investors can trade through the LRS (Liberalized remittance scheme) of the RBI whereby an Indian Investor is permitted to remit / transfer USD $ 200,000 to trade in foreign markets – be it equity, commodities or currency. However, he is not allowed to trade in betting products and take advantage of margin funding / trading offered by global companies.
----------------------------
I called them and asked about how do i transfer funds to Alpari UK
They told me you have to mention " Offshore investment" and they tie up with HDFC bank for this.
I am thinking of opening small account.
If anyone has experiance with Alpari Mumbai pl post in this thread.
Note: I am not related with Alpari...i am posting all information to help others.
If anyone want to understand how FX market works and how to trade, you can send me PM.
Good news for people who want to explore Currency market and want to invest.
Alpari UK open Office in Mumbai last month.
http://www.alpari.co.in/en english site
http://www.alpari.co.in/hi/ Hindi site.
They are just branch of Alpari UK FSA regulated broker...Good point.
Our account get's open at Alpari UK....Since RBI not yet allowed Forex Trading in india.
Relaince Money and ManFinancial also offer same thing, but they require Big account
Alpari offers minimum deposit of 200$. pl check site for more information.
Here is Speach from Alpari Mr. Pramit Brahmbhatt, CEO, Alpari India
http://www.indiainfoline.com/news/showleader.asp?storyId=786&lmn=1&cat=1
Read this ...mention in speach.
What according to you are some of the shortcoming of the Indian market? How should regulators/ authorities address the same?
First of all what I feel is that there is a dearth of information available to Indian investors about the global currency market, which has restricted them from actively participating in the global currency market. Moreover, our Fourth Estate (media) is not focusing too strongly on the currency market and providing information to the Indian investors. The market is still in its nascent stage and strict regulations by the RBI and Govt. makes it even more difficult for Indian Investors to trade.
Currently, investors can trade through the LRS (Liberalized remittance scheme) of the RBI whereby an Indian Investor is permitted to remit / transfer USD $ 200,000 to trade in foreign markets – be it equity, commodities or currency. However, he is not allowed to trade in betting products and take advantage of margin funding / trading offered by global companies.
----------------------------
I called them and asked about how do i transfer funds to Alpari UK
They told me you have to mention " Offshore investment" and they tie up with HDFC bank for this.
I am thinking of opening small account.
If anyone has experiance with Alpari Mumbai pl post in this thread.
Note: I am not related with Alpari...i am posting all information to help others.
If anyone want to understand how FX market works and how to trade, you can send me PM.
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