Best Forex Brokers In India 2021
There are ongoing debates about whether Forex trading is legal or not in India. The Reserve Bank of India (RBI) does everything in its power to prohibit Forex trading by individuals. If found trading, individuals will face strict charges for violating the law.
But the truth remains – there are many investors from India who trade Forex & open accounts with foreign brokers. However, you have to remember that the bank will monitor transactions to/from your bank account for any suspicious/unlawful activity related to currency trading.
Are there Forex brokers in India?
We’re not aware of any Forex brokers being domiciled in India. But there is a large list of brokers who have international offices in India.
List of Forex brokers with international offices in India:
Who regulates Foreign exchange in India?
Securities and Exchange Board of India (SEBI)
Reserve Bank of India (RBI)