• Axitrader forex

    Business model: without dealing desk - ECN/STP
    Host-based solution: EQUINIX
    Liquidity provider: LMAX, Invast
    Partner bank: BARCLAYS
    FIX API, VPS – yesWithdrawal: automatic, processed within 79 business hours.
    No restrictions: Scalping, hedging, automatic trading/experts are allowed.
    Stop out: 85%Bonuses: no

    Forex Broker Reviews – 100 Forex Brokers

    The main problem lies in withdrawal of bonus. I was thinking that these strategies may help to withdraw money. Though these will not work for big amounts at a time. but still can be used. However to be honest I myself has not tested any one of them.

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    wht rbi says, dnt do trade like INR/USD OR USD/INR, Right ? !
    is it fine if we do trade like USD/EUR, USD/GBP etc.. if both r illegal, then why the such broker get permisson to advrtise there company.
    at yahoomail i always seen and its very attractive.
    why rbi r nt charged any Case on them, why they looking our indian people who trading and then charged on !
    pehle compny ko hi rok do phir legal or illegal ki baat hi nh hoti !

    Forex Trading in India - Legal or Illegal - A Critical

    Yes, we have a counter on the Home page. Currently 877 brokers listed.
    +66 new brokers coming up within the next few weeks as we finish gathering data for them.

    This link is updated Act on Jan-7567. I still don 8767 t understand it completely but it says that for individuals it is allowed to trade forex.

    SEBI protects the interests of investors in securities and promotes the development of the securities market through appropriate regulation.

    Can you provide the exact punishment for trading through foreign forex portals? There are so many doing it without any trouble.

    Incorrect information in the opening paragraph. RBI does not disallow forex trading itself -- there is no such rule.
    But RBI says 8775 you should not use Indian Rupee to trade in forex 8776 . This will violate the rule.
    So, for example, ff you go to Canada and manage to open a forex-trading account there with money deposited in non-Indian-rupee currency -- you are not directly violating the rule. And if you earned money there and never converted to Indian Rupee -- that is completely legal.

    The debit card idea is a nice one. However I have already declared my international assets to the IT dept this year as it has become mandatory so will have to declare it every year now. Besides RBI doesn 8767 t allow residents to trade in Forex so trading in it may technically be illegal after I shift back to India.

    YES ! its most unfortunate that forex trading is illegal in countries like India & pakistan also ,while its legal evn in a small country like Singapore & govt. wants only the politicians to prosper however I think if u have an NRI A/C than its legal ,tho 8767 im not sure.

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