Is internet forex trading legal?
Asked by Akash Last Modified
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Balaji T S
Professional with 30 years experience in Well Known Corporates and Top Education Institutes.
Forex trading is not illegal, but SEBI and RBI highly regulate it. You can only trade in four currency pairs with the INR as the base or the quote currency. You need a sebi registered broker or dealer to trade.
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Forex trading is not illegal, but SEBI and RBI highly regulate it. You can only trade in four currency pairs with the INR as the base or the quote currency. You need a sebi registered broker or dealer to trade.
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Forex trading can only be done in few selected pairs as per RBI. Trading in all other pairs are illegal
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