I have been doing stock trading for almost a year now and I am thinking to dive into forex as well.
One thing which I have figured out by now is that forex trading isn't directly legal in India and I will have to go to loops to get it working.
So before I get into the loops, I would like to ask the members, what kind of fees are involved with the forex trading?
Example:
If I buy 1000 USD at say INR 50,000.
And then sell it for INR 50300.
How much fees can I expect to pay? Are there any kind of tax as well like we pay in stocks? Does the fees varies from company to company, if yes, which one if the cheapest?
Any kind of hint regarding the fees will be greatly appreciated.
Thank you,
Pankaj
One thing which I have figured out by now is that forex trading isn't directly legal in India and I will have to go to loops to get it working.
So before I get into the loops, I would like to ask the members, what kind of fees are involved with the forex trading?
Example:
If I buy 1000 USD at say INR 50,000.
And then sell it for INR 50300.
How much fees can I expect to pay? Are there any kind of tax as well like we pay in stocks? Does the fees varies from company to company, if yes, which one if the cheapest?
Any kind of hint regarding the fees will be greatly appreciated.
Thank you,
Pankaj