Search results

Correct me if I'm wrong, but ECN brokers 1) charge fees for every transaction and 2) use variable spreads, so it doesn't really fit every individual trader.

It as absolutely legal as of August 2008. You can read more here: http://www.forex4you.com/forex/forextradinginfo/forextradingindia.html You can also confirm with RBI's website. In sum, since August 2008 Indian brokers may provide currency futures trading to individuals. But even before...

forexindia.org is the website of the Forex association of India :) It has nothing, absolutely nothing to do with Forex trading :) It's about currency _exchange_ for normal purposes

According to their website, they have only one office - in the US, so nobody represents them in India officially.

Their website www.mrcmarkets.com is simply blank. How can you trust a broker with an empty website? Their Russian website doesn't have any info about any Indian representative. Looks strange, to say at least!

You can try my company - Forex4you, maybe you will like it :) At the moment we only got an office in Mumbai, but we will expand. You can check: http://www.forex4you.com Our CC billing works much better than PayPal.

You can go through recent topics to find answers to your questions. In brief, there are several companies providing USD/INR pair. However, don't forget that Indian rupee is not a freely convertable currency, it's strictly regulated by RBI and hence doesn't give much opportunities to traders -...

Some more advantages of Forex trading over stock/other trading: * Traders can make profits both on declining and developing economies; * Traders can make very short-term orders - with some other markets there are certain regulations; * Thanks to retail brokers - it's much easier to join...

Limits for what?

Yes. It's due to the RBI regulations. Resident Indians are not allowed to purchase foreign currency for margin trading. We hope that in the future these rules will be softened somehow...

It's a very outdated information. RBI's limits has been lifted dramatically: http://www.rbi.org.in/scripts/FAQView.aspx?Id=53 It's 200,000 (two lakh) USD per year now. However, you cannot use this Scheme for margin calls...

Hey! No, it's an international company. The Indian branch is still under construction but there are offices operating in other countries already. I'll probably make a post here once I have an official office address and phone number.

Yep, but this is a different thing. Probably it's unofficial representatives or official partners/affiliates or something like that. If they had a real office it would be better in terms of customer service - people in India could call somebody inside the country and ask questions, visit an...

Yes and No. I'll try to explain briefly. In order to trade in Forex one has to convert currency first because there are no interesting pairs with rupees (in fact, there are pairs with rupees appearing now but they are not going to be very popular among Forex traders due to a number of...

I checked AVAFX's website and couldn't find any information regarding offices in India. Probably, those mentioned are unofficial offices. As for the initial question, most brokers accept online currencies like eGold, WebMoney (both inwards and outwards), etc, plus credit cards (only inwards)...

As per RBI regulations, every Indian can transfer abroad up to 200,000 USD anually. So just gather bank account details of your broker and go to your Indian bank, ask for a wire transfer, that's it. You don't need to show any justifications as long as the total sum of your transfers doesn't...

I'm setting up a branch office for http://www.forex4you.com in Mumbai. So probably it will be the first foreign broker in India :)

A serious option for what? For earning money? Then it depends on your attitude and skills - the same holds for any area in the world. Serious surgeons, serious programmers, serious managers, serious forex traders or serios _whoever_ earn money, and all the rest don't. All investments are...

That's true - different brokers target different segments, so you have to choose depending on your own segment :)))

I'm starting a representative office for E-Global Trade & Finance Group (www.eglobal-forex.com) in Mumbai now - we're using MetaTrader. The website is going to be www.forex4you.com (still a bit under construction). I always check this forum - if you have any questions don't hesitate to ask :)