Hi! I’m thinking about starting to trade through Exness and I have a few questions. How does the offshore status of the broker affect withdrawals for Indian traders? Is it worth using methods like e-wallets or cryptocurrency to avoid delays with bank transfers? And how should profits from Exness be handled for tax purposes in India? Can these earnings be considered foreign income, and what steps should be taken to avoid tax issues? I would appreciate any answers!
Welcome to Babypips!
The laws in India about financial market trading (and especially forex trading) are very different from those of any other country.
You need a specialist Indian lawyer or accountant familiar with your trading law to answer these questions: a worldwide, beginners’ forex-trading forum is really a very bad place to rely on advice about questions as technical and potentially complicated as yours.
Suggestion: be very careful indeed with Exness: their regulation and reputation vary hugely from country to country. The post linked to below explains why (click the green link).
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