RBI issues updated list of unauthorised forex trading platforms (2023) : [ Ссылка ]

As of my last knowledge update in September 2021, forex trading is not illegal in India. However, there are certain restrictions and regulations governing forex trading in India, and it is essential to adhere to these regulations to trade forex legally. The Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI) are the regulatory authorities that oversee forex trading activities in India.

Here are some key points to keep in mind:

Retail forex trading is allowed in India, but it is subject to certain restrictions. Retail traders can only trade through authorized brokers and on recognized exchanges.

The RBI regulates the forex market in India and sets guidelines on foreign exchange transactions. Individuals are allowed to trade forex within these guidelines.

It's important to comply with RBI's rules and regulations regarding forex trading, including limits on the amount of currency that can be traded, reporting requirements, and margin requirements.

Forex trading is considered a speculative activity, and it carries a risk of significant financial loss. It is essential for individuals to be aware of these risks and have a clear understanding of the forex market before participating.

Please note that regulations may change over time, so it's crucial to consult with a financial advisor or legal expert and check for the latest updates from regulatory authorities to ensure compliance with the current laws and regulations regarding forex trading in India.

свернуть