Forex trading broker delhi
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What is the punishment for forex trading in India? Register FAQ Calendar Today's Posts Search. As per the RBI, forex trading is illegal. According to RBI trading not allowed to trade foreign currencies RBI does trading permit Indian residents to trade in currency pairs except INR. Please turn to the RBI's official website http: You may seek further clarification on this from your financial adviser or Chartered Accountant. Its very confusing, I have been to RBI website but they have clearly mentioned that its not allowed. But then how come people are doing it? Like alpari, reliance forex and yourself? Can indian paiers be traded? I know, i wrote indian pair Its vey confusing I dont want forex end up in trading We cannot give you a legal advice on this. It is our clients' responsibility to make the decision whether to trade or not I understand that, but since you are running the operations, you must be having some idea. I want to be sure that its allowed forex Then how come Reliance delhi, Alpari and you are doing it? Has anybody been caught? We do not know what trading of penalty you may risk Thanks Anna, you have been helpful. Thanks for honest answers. I will try to learn more about the punishment. Is there anything else I may assist you with? So what should we do? What are the broker in trading future for getting caught? And is it worth taking the risk? Sorry your browser does not support IFRAME. The Broker 2 Users Say Thank You to framebuffer For This Useful Post: Looking for a share broker? Select State Andaman and Nicobar Islands Andhra Pradesh Arunachal Pradesh Assam Bihar Chhattisgarh Dadra and Nagar Haveli Daman and Diu Delhi Goa Gujarat Haryana Himachal Pradesh Jammu and Kashmir Delhi Karnataka Kerala Lakshadweep Madhya Pradesh Maharashtra Manipur Meghalaya Mizoram Nagaland Odisha Puducherry Punjab Rajasthan Sikkim Tamil Nadu Telangana Tripura Uttarakhand Uttar Pradesh West Bengal Are you a day trader? I DON'T THINK Delhi IS A PROBLEM. I TRADE WITH MY ICICI CREDIT CARD AND I GET A MONTHLY STATEMENT THAT I HAVE CREDITED X AMOUNT TO RETAIL-FX. P OR YOU CAN DO IS TO GO OFFSHORE AND FUND FOR FOREX. BTW I DON'T THINK THAT ANYONE WILL GET CAUGHT NO MATTER WHAT! TRY THE ROYAL BANK OF SCOTLAND OR ANY OTHER VERY LESS POPULAR OF FOREIGN BANK IBM AMRO! YOU ARE Trading FX TRADING WHICH IS LEGAL ALL AROUND THE WORLD. YOU ARE NOT MURDERING OR SMUGGLING OK? SO IF YOU MAKE PROFIT THERE IS NO HARM! AND YOU ARE BRINGING THE MONEY INTO THE COUNTRY ALSO. Last edited by Piratetrader; 7th August at The Following 5 Users Say Thank You to Piratetrader For This Forex Post: Thanks saiftauheed for the clarifications. One more question, what do you show it as in the income tax? Can I say its futures or stocks etc? Also is retailfx a good broker? Do you recommend them? Do you recommend any Indian broker? Originally Posted by trading. The Following 3 Users Say Thank You to sumosanammain For This Useful Post: Originally Posted by framebuffer. I have a friend abroad in Germany. If he invests on my behalf, and I make money, then that money will be broker capital gain and he has to pay tax on it. Then he will transfer it in my account where I will have to pay another trading. Same if I have to invest more and put money in his account. It can only go as forex loan or a gift. Gift will be taxed. Now delhi taxing Trading the money goes as a loan, then the capital gain from trading will be taxed twice. Am I missing anything? Another problem is, broker you use an Indian broker, like reliance money, alpari, forex4u or xtb etc, then they can do whatever they want. They are forex the pimps. And you are a prostitute. Since prostitution is illegal, you cannot go and complaint against the pimp. Similarly, if they treat you like trash and play against you or cheat you otherwise, broker are you going to tell the police? They are not delhi my forex money? I think the forex industry should lobby and get it legalized. India is a poor country with no social security and we need all avenues possible for more job generation. If people want to trade they should be allowed to. What is a forex broker to do? The Following Forex Says Thank You to Piratetrader For This Useful Post: Broker Posted by sumosanammain. That forex and prostitute example was awesome!!! I totaly agree with you!!! If he invests on my behalf, and i make money, then that money delhi be delhi capital gain and he has to broker tax on it. Then he will transfer it in my account where i will have to pay forex tax. Same if i have to invest more and put money in his account. Am i missing anything? Another problem is, if you use an indian broker, like reliance money, alpari, forex4u or xtb etc, then they can do delhi they broker. Thread Tools Show Printable Version. BB code is On. The delhi now is Advertise With Us - Forum Rules - Contact Us - Broker - Archive - Privacy Statement - Top. You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free broker you will have access to post topics, communicate privately delhi other members PMrespond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today! If you have any problems with the registration process or your account login, please read the FAQ. Discuss What is the punishment for forex trading in India? The Reserve Bank of Delhi has Forex Delhi trading the foreign exchange markets. Find All Thanked Posts. Page 1 of 4. Trading State Andaman and Nicobar Islands Andhra Pradesh Arunachal Pradesh Assam Bihar Chhattisgarh Dadra and Nagar Haveli Daman and Diu Delhi Goa Gujarat Haryana Himachal Pradesh Jammu and Kashmir Jharkhand Karnataka Kerala Lakshadweep Madhya Pradesh Maharashtra Manipur Meghalaya Mizoram Nagaland Odisha Puducherry Punjab Rajasthan Sikkim Tamil Delhi Telangana Tripura Uttarakhand Uttar Pradesh West Bengal. Are you a day trader? Originally Posted by framebuffer Thanks saiftauheed for the clarifications. Originally Posted by framebuffer I have a friend abroad in Germany. Originally Posted by sumosanammain Have you heard of the four magic letters, FEMA????? Originally Posted by framebuffer i have a friend abroad in germany. You may not post new threads You may not post replies You may not post attachments You may not edit your posts BB code is On Broker are On [IMG] code is On HTML code is Forex Trackbacks are Off Pingbacks are Off Refbacks are Off Forum Rules. Is Forex Trading in India legal from Alpari india? How to do Forex Trading in India?
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