Forex Trading In India Brokers

Author. Coach On. Mei 30, 2019

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SEBI is also in charge of registration of Forex brokers. Many people even today remain confused about whether Forex trading is legal or illegal in India. Well, it turns out that it is half-way legal, and that trading currencies is allowed if the traded currency pair includes the INR (Indian Rupee).

However, SEBI Forex brokers are allowed to offer only INR based currency pair options for USD, EUR, GBP, and JPY. Although retail forex trading is illegal in India, this does not bother foreign forex brokers from offering its services there and maintaining offices in the country. Some, like FXTM even accept local deposits for Indian residents.

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