Hello, Fx Traders…
Please tell me who is the best forex broker service available in India.
So far I have changed 4 brokers due to various reasons.
I want only ECN brokers & Deposit & withdrawl should be on same day.
It’s tough to say because if I am not wrong then Forex trading is banned in India, so finding good broker in that case is extremely tough. I think the best option might be one that operates locally not international or else it will be very hard to work out.
Really? Is Forex banned in India? But why?
I thought that it’s legal, however, I don’t know exactly, cause I’m from Malaysia. Anyway, it would be interesting to know if it’s forbidden there
I think it isn’t illegal if it involves the Indian Rupee as one of the two currencies traded. Otherwise …
Forex Trading in India - Legal or Illegal - A Critical Analysis
https://www.quora.com/Why-is-forex-trading-illegal-in-India[/b]
I would recommend you to try Hotforex or FXCM but I’m afraid you have some stupid restrictions made by your government.
Nothing like a good broker plug aye bro.
Oh, that’s interesting, thanks for the info!
Traders can trade provided the currency pairs are associated with INR, like USDINR, GBPINR etc…
What about broker restrictions? They have to locate in India or foreign firms will work too provided that we trade those pairs?