Forex Brokers (OTC Forex, Don't MIX up with Exchange traded INR based forex here

fxgood

Well-Known Member
#1
Hello All,

Can help me in finding a list of regionally active Forex brokerage operating in India, with branded physical office and local payment accepted, one of my friend want to invest a reasonable amount of money in forex market and he wish to fund only via a locally present broker with physical office, payments and support channels
 

stoch

Active Member
#4
You can trade INR pairs in the spot market but no cross currencies. Currency futures are but of course legal.
Why? Can't you trade with offshore brokers like Hotforex which offers wide variety of trading instruments such as EURUSD, USDJPY, GBPUSD and others. You have much more trading opportunities and broker doesn't restrict you in using various trading strategies.
 

fxgood

Well-Known Member
#6
Why? Can't you trade with offshore brokers like Hotforex which offers wide variety of trading instruments such as EURUSD, USDJPY, GBPUSD and others. You have much more trading opportunities and broker doesn't restrict you in using various trading strategies.
Funding them is no easy task
 
#7
Why? Can't you trade with offshore brokers like Hotforex which offers wide variety of trading instruments such as EURUSD, USDJPY, GBPUSD and others. You have much more trading opportunities and broker doesn't restrict you in using various trading strategies.
Trading with any other pair is illegal in India So You can understand that this broker is also not legal in India.
 
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