Originally Posted by SNVFOREX
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 :
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