Want to trade from UK

#1
Hi,

I am new in trading and am in UK. I want to trade in India from here. I had tried to open the Demat/Trading account with many trading companies but no one had responded so far in a smooth manner.:mad:

I may not be able to go to india in near future.

Pl suggest, whats the best way of trading and with whom? and How do I open an account with them.:confused:
 
#3
Hey Shubra:

You're gonna have to go through a little bit of hell getting all the paperwork ready to trade from the UK. I'm in Canada facing the same nightnmare because of Indian bureaucracy.

Don't mind sharing details with you but you'll have to wait till I see the way through the mess.

Dusty
 
#4
hi ,
i already have a account with religare and next month i am shifting to dubai. can i do trading from there? is it legal or illegal? to do trading in indian share market from abroad?

please advise
 
#5
Whether you are in Dubai or London, the same laws apply. Dubai does not restrict you, but the Indian laws will. For example, you will still be an NRI and as an NRI you will not b able to trade intraday. Bottom line: you will be able to trade but with restrictions. You should the rules for NRI trading. Hope that helps.

Dusty
 
#6
Thanks for the response,
So where should we find out the rules for NRI trading? and where has it been mentioned that an NRI is not allowed to trade intraday in Indian shares?
What are the restrictions?
Regards
Mayflower
 
#7
Hi,

I am new in trading and am in UK. I want to trade in India from here. I had tried to open the Demat/Trading account with many trading companies but no one had responded so far in a smooth manner.:mad:

I may not be able to go to india in near future.

Pl suggest, whats the best way of trading and with whom? and How do I open an account with them.:confused:
For NRI trading go to : http://www.hdfcsec.com/
I am based in UK and just recently have started trading with them.
Since I was in India in August, It was easier to open an account.
They are reasonably efficient. I would suggest that you send them an email about your intention to trade from UK and to explain to them how you can open an account from UK.

Another alternative that you can visit an ICICI bank if it is near you. They now provide NRIs' to do online trading. They will be able to explain all the formalities possibly.