HI FRIENDS,
I AM FROM INDIA. I JUST STARTED TRADING IN FOREX. I HEARD THAT FOREX TRADING IS NOT LEGAL IN INDIA. I ALSO KNOW THAT , RESERVE BANK OF INDIA (RBI) warns against illegal forex trading on internet. (PLEASE VISIT -http://www.indianexpress.com/news/rbi-warns-against-illegal-forex-trading-on-internet/774148/).
BUT STILL , THERE ARE SO MANY PEOPLE TRADING IN FOREX FROM INDIA. I AM REALLY WORRIED. I DONT UNDERSTAND THE RULES OF RBI.
SO I ASKED ABOUT THIS ISSUE TO MANY BROKERS , LIKE ETORO, FXCM, TRADING POINT, NORD FX.ETC. BUT EVERYBODY SAID THAT ITS OK TO TRADE IN FOREX WITH THEM. THEN WHAT ABOUT THE RULES OF RBI?
I AM REALLY CONFUSED AND WORRIED. CAN ANYBODY HELP ME WITH THIS? I WOULD REALLY APPRECIATE YOUR HELP. THANK YOU!!!