HotForex

[Obelixtrader]

you cannot trade FOREX legally from India.

You can trade FOREX legally in India but only USDINR,EURINR,GBPINR and JPYINR as a standardized contract traded on exchanges (NSE,MCX-SX, BSE).

 

[Kungfu]

I am not from India and I don't know trading forex is prohibited. Anyway, I still see a lot of Indian traders, are they living in another country as trade forex?

 

[Saiyyed Rafik]

I am not from India and I don't know trading forex is prohibited. Anyway, I still see a lot of Indian traders, are they living in another country as trade forex?

not exactly, But this is truth that For Indians citizen Forex trading is prohibited they can only trade Pair with INR.

 

[tamaa]

it might be illigal on paper, but it doesnt mean its not happening, i mean, for me i get my money to my local bank account from skrill as remittance, so its not flagged as traded money, more like money transfer, thats why i guess there are still many indian online forex traders and they are really good at it

 

[Kungfu]

not exactly, But this is truth that For Indians citizen Forex trading is prohibited they can only trade Pair with INR.

So no way to trade other pairs legally?

 

[Saiyyed Rafik]

it might be illigal on paper, but it doesnt mean its not happening, i mean, for me i get my money to my local bank account from skrill as remittance, so its not flagged as traded money, more like money transfer, thats why i guess there are still many indian online forex traders and they are really good at it

Yes we are trading the same way

 

[Kungfu]

Just got this:
https://blog.hotforex.com/hotforex-customer-survey-win-an-iphone-5s-or-600-usd/

sounds good, I also taked it, hopefully I will get their rewards.

 

[Saiyyed Rafik]

Just got this:
https://blog.hotforex.com/hotforex-customer-survey-win-an-iphone-5s-or-600-usd/

sounds good, I also taked it, hopefully I will get their rewards.

Yeah, they are offering lots of good offer.

 

[rourkem]

Is it also safe to use a proxy server if ever Forex is prohibited?

 

[throwawayacc123]

it might be illigal on paper, but it doesnt mean its not happening, i mean, for me i get my money to my local bank account from skrill as remittance, so its not flagged as traded money, more like money transfer, thats why i guess there are still many indian online forex traders and they are really good at it

Yea do that and the bank will close your account.

In order to transfer money from USD to INR using MB or paypal you have do it using SWIFT/Wire transfer and for that you have give a reason to your bank.

Who are you trying to fool here.

FOREX is illegal and you will get caught if your bank or card is involved in the transaction with your broker.