What is the best forex broker in the india

This story is from April 21, 2024 Best forex broker for india traders Copyright © 2024 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Servicedisclaimer

Website The Securities and Exchange Board of India – A Definition To sum up, Indians cannot directly trade in the global foreign exchange market via unregulated, decentralized platforms as they are considered illegal. However, they can still trade in foreign currency derivatives on SEBI- and RBI-approved platforms or brokers via centralized stock exchanges, such as the Bombay Stock Exchange (BSE) or the National Stock Exchange (NSE).

Forex Trading SessionsWhat time the Forex Market opens in South AfricaForex Trading Tax in South AfricaBest banks for Forex Trading in South Africa The Best Forex Broker in India of 2024. @raoawesome Greatly put. I understand the margin of ruin that one has to keep as idle for any stop losses. But looking at the returns, its so massive, In last several rounds, there have been many Indian traders averaging more than 1000% a month. I wonder what the strategy could be. I too trade with octafx and have recieved gifts from them for completing certain volumes, but these returns are massive. Options is not even close.

Also called FX market or Currency market, forex is open 24 hours a day and is dispersed across several global hubs. A trader who holds deposits in one or more currencies for trading is said to have a forex account. One places trades in the forex market based on how the foreign currency market is performing. Best Forex Brokers Zerodha is an Indian brokerage firm that has been recognized by the RBI as an approved provider of currency derivative trading services. Zerodha has established itself as a leading player in the Indian financial market, offering a wide range of investment products and services, including forex trading.