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  #21 (permalink)  
Old 23-11-2014, 08:59 PM
no1lives4ever no1lives4ever is offline
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Originally Posted by NJ23 View Post
Yes, but most of the prop shops ask you for funding. So, I guess that too will be a violation of FEMA.

You can not fund an account with funds transferred from India. But I guess you can transfer funds earned outside india.
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Old 24-11-2014, 08:32 AM
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Originally Posted by no1lives4ever View Post
You can not fund an account with funds transferred from India. But I guess you can transfer funds earned outside india.

Yes, that can be an option.
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Old 24-11-2014, 09:45 AM
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You could trade the various contests if u win u could use that amount to trade.
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Old 24-11-2014, 09:46 AM
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Or get it funded thro some person having an off shore account
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  #25 (permalink)  
Old 03-09-2015, 05:25 PM
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Originally Posted by SNVFOREX View Post
Hi This Is SNV,
I Tried To Invest In A FOREX Comapny Named Activtrades...but when i tried to deposit my money , then i came to know that Money transfer overseas for the reason for trading is banned and those transactions r said to be illegal.....hence it is a RBI rule all banks r following it.....So can u guys suggest a otherway to deposit my name to the company.....! waiting for ur reply ! Am From CHENNAI ,INDIA.
RBI REGULATIONS :

Yes, it's.
mcx-sx,nse do have currency segment. you can trade it, but only gbp/usd/eur/jpy with inr. rest is not allowed.
you don't need to pay stt charges in currency.
lot of scams are going on in india in forex.. specially bonus on capital to trap investment. don't believe , join the guy ,who is doing it. you'll realise it.
Ask him,what's risk management behind bonus on capital? let me know

-yours truly
Gangster
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Old 22-04-2016, 12:58 PM
shiv shiv is offline
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use netellar , skrill or entropay by them u will able to transfer or withdraw funds via third party transfernot directly to fx brokers , so u will get money in usd or whatever and transfer in inr .

neteller is the good option , hope it help
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  #27 (permalink)  
Old 22-04-2016, 01:27 PM
no1lives4ever no1lives4ever is offline
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Originally Posted by shiv View Post
use netellar , skrill or entropay by them u will able to transfer or withdraw funds via third party transfernot directly to fx brokers , so u will get money in usd or whatever and transfer in inr .

neteller is the good option , hope it help

It is still illegal to trade forex on forex brokers outside india. RBI has issued multiple circulars on this.

If you are caught, you will end up getting prosecuted under FEMA.

-- no1lives4ever
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  #28 (permalink)  
Old 22-04-2016, 01:48 PM
shiv shiv is offline
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then guruji what is the legal way to do it or how other,s r trading forex for years
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  #29 (permalink)  
Old 22-04-2016, 02:26 PM
no1lives4ever no1lives4ever is offline
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Originally Posted by shiv View Post
then guruji what is the legal way to do it or how other,s r trading forex for years

There is no legal way to send money out of india to any forex broker based out of india. You could get some nri relative or friend to fund an account for you.

In our country people do all sorts of illegal activities for years, but those still remain illegal.

-- no1lives4ever
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  #30 (permalink)  
Old 22-04-2016, 02:31 PM
shiv shiv is offline
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so it is wasting time to search for fx broker ???
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