Is forex trading legal in India?

Forex trading legal in India: the exchanges

Forex trading legal in India: corporates

FEMA 1999

Binary trades: Forex trading legal in India

Forex trading legal in India: the role of exchanges

Forex dealing restrictions

  • Save an authorised person no one may deal in or transfer any foreign exchange to any person;
  • In any manner, a person ought not to make any payment to/for the credit of any person resident outside India;
  • Only an authorised person may receive any payment by order/on behalf of any person resident outside India.

Forex trading legal in India: contravening FEMA

Who Can trade forex in India?

Forex trading legal in India: How is forex trading done in India?

  • INR/USD;
  • INR/GBP;
  • INR/JPY;
  • INR/EUR;
  • GBP/USD;
  • and JPY/USD.

Conclusion

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