FEMA is a non bailable offence. Whatever you do think carefully. If you know how to make money in markets, stick to indian markets.
classic example is my account with interactive brokers. I have US and india account. And they are clear that indian regulations do not allow me to trade forex, intraday and margin trading in US account. Only delivery trading. So why a big shot like interactive brokers is abiding rules? Think on it. Avoid forex trading. You can trade INR currency pair in our markets.
We don’t know when govt decides to run behind all forex traders to charge and collect money and its within their rights.
classic example is my account with interactive brokers. I have US and india account. And they are clear that indian regulations do not allow me to trade forex, intraday and margin trading in US account. Only delivery trading. So why a big shot like interactive brokers is abiding rules? Think on it. Avoid forex trading. You can trade INR currency pair in our markets.
We don’t know when govt decides to run behind all forex traders to charge and collect money and its within their rights.