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Forex no deposit bonus january 2016 blank

Опубликовано в Forex fashion | Октябрь 2, 2012

forex no deposit bonus january 2016 blank

for , divided into segments: Steel; Steel, in financing activities and non-cash transactions. Coal deposit development. The reporting period of this Report is 1 January to 30 June , a further cut in the rate on the ECB deposit facility. List of free Forex No Deposit Bonuses ; SuperForex, No Deposit Bonus, $88 ; TMGM, No-Deposit Trading Bonus, $50 ; TradersTrust, $ No Deposit Bonus, $ INVESTING AND NON INVERTING OUTPUT BROOKLYN With cable I and radio used on more than bench the scan. Labels The information have certain was labels while contain is learning. Recently, you access your system, is obtain money see use.

From what I read. Please read the terms before registering to any of bonus offered. Also it sucks it disapperas money from account used, regretted, not recommended at all. I start my trade with Xm and he is the best broker my Son introduced me and now I experience myself that he is one of brokers i chose and i recommend my students also to register with Xm with 30 no deposit bonus you can make good profit. As, we have integrated Meta Trader 5, we are pleased to offer ease in trading using salient features of Meta Trader 5.

And the best part is you can trade these at leverage of This means you have high margin of profitability as you can control and manage your trade with more sophistically. In short, Inoex gives you the free balance to trade in Meta Trader 5 and you will have instant withdrawal of profits from the trading. I have profit from broker amega with use promo usd account and i withdraw my profit So far this broker is very fast when you close your order.

So I recommend this broker you should try. The terms are so unfavorable. Following No Deposit Bonus promotion, there are rules to look for. Many traders are late aware of the shortage because they do not really understand the rules. Therefore, before signing up for a no deposit bonus, understand carefully every policy specified by broker.

After all, No Deposit Bonus promotion not only available in one broker. Every traders are free to choose the most ideal No Deposit Bonus Promotion according to their condition. I trading profit 70 eur and withdraw to skrill. I waiting money 10 day and support silent…. Broker scam! If you want a real NDB that you have dreamed about, unlike any other, join the FXfinance-pro promotion before it ends.

No limits on profit! No restrictions! I can bet that most of them are made by people without proper ID or they have used irregular trading methods to obtain profits and lot requirements. These reviews are made in frustration and provide no help to those of us who are looking and searching to kick off their trading careers with a NDB. One of the purposes of no deposit bonuses is to attract new clients and for the broker to test trading conditions.

You cant expect to just take something and not be prepared to give something back in good faith. They cannot do their research if you are not trading in a normal fashion. It is the name of the game. You must know when to pull out of a bad trade before you lose everything. Make your own decisions on when to trade. The stock market exist with thousands of instruments breaking out in all directions every minute.

Every one is an opportunity not to be missed. I have read multiple experts all saying the same thing and the market failed to respond. No one knows for sure. Do your own research and use and trust your own instincts. Their advice is not flawless. They have nothing to lose and will gamble with your hard earned savings without a shadow of regret. Sometimes their job might be to in fact make you lose your money in the case of a market maker stock broker as opposed to ecn or dma who would benefit from that, and to get their commission.

How can you trust someone who you have never ever seen? I would warn people not to accept a mentor. Be careful if you are asked to provide credit card pics revealing all the numbers or asked to give the numbers over the phone. Only make deposits within an encrypted website. It is possible that account managers act on their own scam operations within good brokers in their greed to earn more commissions. I have no doubt there are some brokers that are complete scams though.

Who can you trust? That is what these reviews are for. To give useful information. Sometimes you may even get a review site that looks good but is a part of a scam and will adverise the scam broker included with the good ones! You have absolutely nothing to lose except your ID theft at the worst.

The only way to do your research and avoid getting your ID information stolen is to read reviews. Just bear in mind that most of the reviews are bogus and not a true reflection of the broker. If you were not successful with a NDB does not mean that you have been scammed!!! They have the right to cancel the agreement at anytime and it is the basic agreement of every NDB.

They do not have to provide a reason and spend time negotiating on your credibility. I would say that most of the people pointing the scam finger are themselves guilty of doing the scamming or guilty of some dodgey move.

That is why they were not paid out. Most of the time it is just a deposit bonus in disguise. I hope that you have learnt your lessons through these experience as I have. So far I have been lucky with FXFinance-pro. Posting this review is not part of their bonus agreement although you do have to make a repost on a Russian site merely explaining the terms of the bonus.

They do not pay you to make reviews like this, so before you accuse me of working for them, f you in advance. Am so happy with this review because likes you just said I have lost many NDB and just lost one today with a very big lesson out of it which made me to start another search again for another NDB and I guess I have found one and strongly believe that this very one will get me started.

Hi, bro. I would like to talk to you about trading. Can we? The Bonus can be awarded once per household or IP address or phone number or a Customer. Well, I do find Fresh forex as a good broker. I utilised their no deposit bonus and made profit from trading and withdrew without a problem after fulfilling the necessary lots.

The speed and execution on their ECN account is great, the customer service is very helpful. No commission on deposits and I am actually impressed with the overall service, so far so good. I recommend. Why on their terms and conditions written that you should deposit funds similar to gained profit for you to withdraw? The best no deposit bonus offer is back from totradefx.. At XM we believe that you should be generously rewarded for your efforts which is why the XM partner program offers highly competitive commission rates.

In cases where you introduce another partner to XM, the new partner automatically becomes a sub-partner of yours. Hi , Friends did you know which broker is the best for no deposit bonus and will give withdrew? I recommend broker paxforex. Good experience with broker trading For withdraw profit you have to make at least 10 trades with profit. Promotional Periode : December 14th, till January 14th, Available for new clients who open trading account with Tickmill, excluding traders from China and Indonesia.

Can someone throw light on whether the withdrawals will be activated after this deposit, or will there be any limited withdrawals only? Can someone enlighten me? All depsot and withdrawal using debit card. Hello friends please which is a trusted forex platform to use that may or may not be doing the promotion of NO DEPOSIT BONUS and in their registration does not insist on residency document or utility bill for prove before completing registration cos that is the challenge am facing now because I have my national I.

D but no document for residency not even a utility bill because Where I stay my company takes care of all those. You can use your bank statement as proof of residency. Capital one is a good broker. My account number with capital one is I trading two monthly 8 lots Vantage Go Markets account Account vericify Louis Blackwood and account manager Cristina Chentouf. Good day please any update of no deposit how true it is many people are comment about capital one Forex that they are scammers.

HEY guys i cam eto know from real website that capitalone forex. So guys becareful. All orders must be closed prior to withdrawing the No Deposit Bonus. Save my name, email, and website in this browser for the next time I comment. Sign in. Forgot your password? Get help. Password recovery. Who is a Forex Broker? What is the Technical Analysis? Why Trade On a Demo Account?

Types of Trends in Forex. All Featured Brokers. NordFX Review. FP Markets Review. FBS Review. JustForex Review. Forex No Deposit Bonuses. RoboForex — Demo Forex admin - June 14, 0. HotForex — Traders Awards admin - June 12, 0. Load more. Your blog is very important to know about forex no deposit bonus. Thanks for sharing. Think Xm does the trick. Let me make this very clear, any brokerage that offers you a bonus is a scam.

Forex is a highly leveraged trading product and not many people know what they are doing and most brokers offering these promotions know this. For example you have to trade at least times to withdraw any balance. Can you please share us more information about this.

The first question is which broker do you trade about and how do you withdraw bonus to your bank account? Please give us a detailed guide. We will wait eagerly for that. Sanj, Do you take small clients who do not have much money to invest but need expertise from you and want to profit? HI, How can we withdraw funds to our Indian banks. They may withhold the money or inform to RBI if they come to know that fund is from Forex trading.

Is there any way to get the fund safely.? Hi Rajandran, Nice article. Reading your article has put me in a dilemma. I am at the moment an NRI residing in Singapore since the last few years. In that time I have been successfully trading in foreign exchange.

My husband has recently been offered a posting in India and we will be taking up the offer. We should be returning by September My situation is that I have been very successful as a Pro Forex trader. And while I will not be remitting money outside India for my foreign exchange trading purposes, I wish to continue with my trading and, at the same time, hopefully remit my profits into India.

What would be the legal repercussions for a situation like mine? Can I carry on trading with the capital I already have outside, in my own name, the country and bring money back in legally? I would truly appreciate your feedback. My case is similar like you, earlier in singapore and now in india. Try opening an international current account and park your profits there and spend the money using the international bank debit card. Thanks for your reply Yogesh. Do let me know so I can mentally prepare myself.

The debit card idea is a nice one. However I have already declared my international assets to the IT dept this year as it has become mandatory so will have to declare it every year now. I have also heard of an RFC account. Apparently NRIs returning home can maintain this account and park the funds they had abroad into this account.

They can then transfer money abroad without restrictions from the RBI. Just not sure about the Forex investment bit. Many thanks again. It would be very helpful. Hello, I want to trade in Fx markets, please tell me how to do that and who will provide the service. Ram u wrote so many things about rbi ,govt, this and that, but u did not reply the main question asked?

If u r trading successfully kindly mention the deposit and withdrawl method u use. If u will guide ppl here in that thing only this disccussion will be over and ppl will come to know a way of depositing and withdrawing the money without being caught by the rbi. I and i m sure others will also be very grateful to u if u can do this. I totally agree with U, Sunil. W need a solution, not endless discussion of the same topic. RBI and forex trading. Tired of it. Is it legal to trade in these products!

Waiting for your reply. Please give the list….. Hi, I want to trade in USA stock and commodities markets, can any one please provide me information on brokers. It is illegal to trade with them as there is no Tax involved. You can use those tools only for analysis purpose but trading with them is purely considered as illegal actions as per RBI norms. Hello all, We all have been having this discussions about the legality of forex trading. Some ppl say its legal some its not.

So its my big big request to all these traders to pls pls come forward and help ppl by guiding in what to do? If these traders just tell what i did mention above ,the details of deposit withdrawl methods, what to say to IT ppl,what reasons to give for every transaction etc etc. Pls all the senior members come fwd and help us. You can bypass the problem of depositing money by a slow solution. Many brokers gives bonus for forum posting… such as Instaforex sponsors a number of forums.

If you want to trade, join one of these forums , do forum posting for say 2 to 3 months. Gather a good deal of bonus and start your trade. Though this is not a good solution, still you can use it to start trading. The main problem lies in withdrawal of bonus. I was thinking that these strategies may help to withdraw money. Though these will not work for big amounts at a time…. However to be honest I myself has not tested any one of them. No one will know the source of income.

Gather money to this fake account. Transfer money to your original one. If asked just say that you are doing freelancer jobs to earn money. However this method is not a reliable one as it is not safe to use the same paypal account repeatedly. Give your original paypal email as an author. Now open fake paypal emails and buy your own books by paying through your fake paypal emails. If you have more than one fake paypal emails or if the site accepts different payment processors then it is an advantage.

You can say that you are earning by selling books. Also say him that he should pretend as a freelancer job giver if any problem arises. The main problem in this method is that you have to find out a good and trusted foreigner who will do this job for you.

I request others to discuss various other ways to withdraw money and you are also welcome to criticize the methods discussed above. I will like to hear them. Thanks for the reply, What i know about paypal is that rbi has put some limit on it for transactions. They nowdays ask for documentation and all. I want to know what is ur view about moneybookers. They provide a gud amount for trasaction as a 90 day limit. Can we transact large amount into our bank acccounts??

Can we tell to the IT guys that is freelance income? Point 3 is priceless. What a scam!!! Way to go! Shameful India!! But I will suggest you not to do that. Transacting large amounts may draw attention of IT department. Richa and Anindita Choudhury You are right. Actually in order to withdraw profit in India, we have to keep in mind two things.

One is we have to hide our original identity and the second one is we have to find a good source of income, which we may use to hide our forex profit and say that we earn money from that source. I think none of us, who read the article and comments here, want to cheat the government to hide the taxes ; but the government policy actually RBI is forcing us to do so. I am in many forex forums and foreigners get surprised when they hear that forex trading is illegal in India.

It is actually a very shameful thing that we have to turn into criminals to do a honest business. Sell some books on different sites [ The books are just few pages written by you or gathered from the web ]. Now you have to gather foreigners who will buy your books.

In reality no one will buy your useless books with their money. The money will be transferred to your bank account when the foreigner will buy the book. Yes it is possible. For that use this. Ask the foreigner to give screenshot of that portion of the book which contains the stamped email. Keep that email address. Give the commission. Now sell high valued ebooks. Note that paypal allows to open only one personal and one business email.

So a foreigner cannot have more than 2 paypal address. So if you give good commissions, then the foreigner will not cheat unless he is super foolish. In this method you will find a foreigner who will post fake freelancer jobs on freelancing sites.

The foreigner will always select you to do the job. The foreigner will pay you to do the job. Actually you have to give the foreigner in advance the job fee. After you get the payment give some bonus to the foreigner. These processes seem to be very much legal. If you get more foreigners then the process will be more legal. Because they will pay you through different paypal address.

But in case something goes wrong [ though it is least possible ] you can delete the website or forum to remove all details. Note:- Many free hosting sites allows to host forums and websites. Search in google. In order to get such foreigners, give ads in Paid to click sites, ad networks etc.

Also you can use forums to gather foreigners. Criticize the methods freely. You are welcome. I want to trade with fxcm and Want to deposit fund via debit card, but I came to know that forex trading is illegal in India, So can I transfer fund from debit card to fxcm. Is it safe or not? Plz Help me. If u r doing the same what do u say? Give me some names of forex trading sites which give option of depositing and withdrawing fund from skrill,moneybookers etc.

Please Help! Nitin most of the brokers provide moneybookers facility. Some of them are, iamfx. Funding is not difficult,we can do by moneybookers easily and we can do it directly by debit card in small amounts. Problem arises when u make profit and u have to withdraw. My question was can we withdraw large amounts. Am i wrong in thinking this way? Please read the posts carefully. All the ways that I have described are ways to withdraw forex profit, to your bank, through paypal, in a complicated way.

You want to pay tax and earn a good amount of money. But I think that a better way will be NOT to pay tax and withdraw relatively low amount of money per month. This will help us to play on the safe side. This is a small amount in relation to your expectations, but I think it will keep us away from trouble. Note that paying tax is not a good idea when your source of income is not legal.

This is because IT department will keep an eye on you to see whether you are paying tax according to your income or not. So it is better to avoid IT dept. However if you want to earn more, just withdraw your money to say egopay account. If you divide the income, the IT department will hardly notice you.

Also use diverse fields, like selling books, article writing etc. If possible do some article writing in reality. These are just to show that you are working hard to earn money online. Always remember that IT and tax dept. So just avoid them. For more clarifications you can consult a good lawyer or a tax consultant. They can better guide you. Forex trading in India by an individual is illegal, very well.

But is there anyone who can tell why it is termed illegal in our country and what harm does it cause to our economy, society, culture or whatever? Should not be risky for anyone. I would also like to understand why this is illegal in India when countries like US and UK do allow such things legally. But, What options I have …. Stock Future 3. Stock Option 4. Index Future 5. Index Option. What about this. Vikas : Delivery in International Markets is allowed it seems. However margin trading in any international segment is considered as illegal.

Margin from exchange Like in derivatives etc 2. I was not informed of same by Broker. I will check with them today as i read this article today and stop this if they are not ready to provide legal docs for same. But do i also need to inform RBI for same, that i was not aware of this.

What consequences do i have now? Can any 1 tell me plz …………….. How to trade in Comex Gold and Nymex Crude From India………Which broker is authorised to do trade in these………plz reply in full details…………. Satya : For retail traders any margin trading outside indian exchanges are considered illegal.

It is legal if your investments are delivery based. Your blog is very informative. I am little bit confusing in forex trading and currency trading. Please reply me sir. If you have more concerns on legality check with your financial advisor or with CFA people.

It is illegal to trade in International Forex marekts. However it is legal to trade in Indian Currency pairs trading in Indian Exchanges. Can you name some genuine forex brokers of India, who allow to trade in INR paired with other currency. Also please say if there is any Indian broker who offer some no deposit bonus. Hey One question whats your source of all these information how can we trust that you are not just making it up ….

Hi, I am not an expert but if the FX trading is illegal for indviduals? Read the article carefully. The article says trading in international currency parirs from FX brokers are purely illegal. I think if u just follow these steps u can avoid RBI restriction.

Buy USD from a genuine man u can find these people all around the india and Give him the INR as gift and bring USD to payment processor like money brokers skrill,webmoney,perfect money,paypal and deposit to broker …. First transfer USD from broker to payment processor like money mrokers skrill,webmoney,perfect money,paypal and sell the usd to that type of people who wana buy from you and you will get INR as gift just opposite of investing processs….

Sell face to face if possible best way i think.. Banks wiil not get informed if u sell hand to hand.. Would you give the name of your broker! I am glad to see so much interest in forex trading by my fellow Indians. I would like you all to explore an alternative safe way to earn from forex trading without violating RBI norms.

This involves no real money trading and your trades will be mirrored by thousands of fellow forex traders. You will earn based on your trading performance and popularity with subscribers. If you think you cannot make serious money with it, then you will be pleasantly surprised. For heavens sake, dont lose your hard earned money to shady forex brokers operating in India from Russia or East Europe. But people still using online Forex, how they get caught and ,Are there any individual people punished?

I want to know whether binary options trading is legal or illegal in India. Even if I trade with reputed binary option trader like 24options and trade rush, is it illegal. Parbat : Trading in Binary Options is illegal for Indian Retail traders even though you are doing with reputed vendors.

Mr Usman dont go for unregulated forex broker like iforex. Try HY markets,UK. If you are new to forex start demo trading on etoro. Simply to say if you are a retail trader in india you its legal to trade in nse and mcx currencies. Before you think too much try demo trading and see if you can make any demo money. Even if you are caught there is no jail but penalty three times deposit amount.

Try demo first…. James, RBI rules are getting harder. Read the new RBI Rules on forex legality. RBI give useless logic behind that forex market so risky bcoz of that we band forex i asked RBI Indian market is not risky 2 many chances here affect foreign reserve but here RBI put restriction like no buddy transfer above 1 lac in 1 year but complete band on invest in forex this is not good. It will be legal or not? Allow me to answer that for you.

However, you will have to shut shop when you become a resident of India again. Also, I do not know about markets. I trade with AxiTrader. The reason I trade with them is because unlike in Cyprus and most other places, the Australian security markets are very well regulated by the ASIC. No bucket shops there. Why cant they allow forex trading?

To let stock market only to enlarge which can be drained out as per fowl players will? How many politicians or their relatives participate in stockmarkets? Whose government policies and what for? Most probably, Expert traders or Indian institutions can bring back dollars in exponential profit level after participating in spot forex abroad as the market cannot be manipulated due to immense volume.

Even after all those limitations and regulations what happened to Indian currency and majority retail participants in Indian stock markets? Is it that some fowl players in Indian stock market gets all of retail participants money? How many Indian citizens have made something named profit consistently from Indian stock markets or commodity markets?

I think Instead of making FIIs invest and take back profit from India, Indian institutions are supposed to bring profit dollars to India with allowance to participate in spot forex trade abroad. Indian economy should not be based on FIIs generosity and play provision.

Perhaps Indian strategists blind expectation on shrinking market which can be whipsaw to FIIs would have been effective if FIIs or their supporters did not know to handle human brains and nervous system through interception. Hello Usman,,,are you guys nuts? Why asking the same questions again and again? For a resident Indian, trading with HY markets is illegal. Residents can trade currency futures but leverage is only 20 as far as i know,not sure. If you really want to trade in global spot currrency market,open a demo account on etoro and start trading.

If you manage to make any money on demo atleast two months is required start thinking about real trade,RBI blah blah etc. But first…. Well, its a stupid RBI policy.. Why is that India has to come up with such complicated rules about forex trading , when online trading is done legally in India.. RBI claims that its trying to help the Indian traders from losing their money in forex trading.

Its just like our helmet rule. Only the govt is bothered about the driver and not the passenger on bike. NRIs can trade any forex. Forex is considered more safer than share trading. If it becomes legal,more people would leave share trading and its not good for big share dealers who makes money from small share dealers. Can you recommend any international Forex brokers which I can set up an accout?

Also, can you tell me how forex trading is illegal in India? Just wanted to know. What about for those already active Forex traders? Also Trading in US stock for delivery purpose is legal in india. However it is illegal to take marginal trades in foriegn exchanges as per RBI rules.

Trading only your account with your money is illegal. Otherwise you have to consult with your Financial Adviser. I need to clarify one doubt with you please reply me. When i was reading your Marketcalls site, I come to know about Metatrader. In the rbi. I want to know about stock and indices CFDs. Rajandran, what about using bank wire to deposit funds to international brokers? Can they stop that as well? Do you know how their funding channel works? However for residential indians they are not promoting to trade in international forex pairs.

Guess they are in compliance with RBI guidelines. If they consider something illegal they should take action after circular has been passed, why do it for something which was done before circular was passed?? Can a person move to court for this situation against RBI?? Or it will be a mark on the person? Hi All, Need not to worry. All my transactions are going well tile date. RBI has other big issues to handle then chasing forex traders.

If yes, then who are the safe and genuine brokers? I dont know why people say its illegal. Its not margin trading. RBI restricts margin trading. May be i am wrong? Thats how margin trading works! And you are very quickly to loose your money because of the leverage involved. Binary options doesnt give x or x. You know what even online gambling in India is still considered as illegal by RBI. Hi Naveen Trading is going well , have you withdraw your profit any time.

NOW 4XP closed worldwide. There are many frauds. Better to stick to Indian Mkts. This issue occurs is it legal or illegal but govt. Can you provide the exact punishment for trading through foreign forex portals? There are so many doing it without any trouble.

Dear sir , I am a future trader ,i would be trading in tradetiger,so i would like to know what kind of bank account should i have for trading purposes? Hi , I have invested in topoptions. What problems could I face? I have fully seen all the discussions…First thing, you must learn How to make money in Forex.. We are well aware that it is high volatile market, you total investment could become zero in 2,3 transactions…so whenever you have time, try learning how to trade successfully..

I have never seen idiotic view of Govt…that Indians cannot keep not even a single USD in Paypal , it is auto transfered into indian rupees…the biggest joke is 1. Will I get any punishment for it? I have deposited money many times and withdraw also. I ask to my Account Officer about forex trading illegal in India, she replyed me we are working as per Indian Govt.

Shall I continue or stop? If you are trading in overseas market and if you are a retail investor in india then possibly it is not legal as per RBI rules. I also trade forex. RBI monitors all transcations in paypal. Its quite ulikely, they will track and trace a individual forex trader. Its illegal but everybody is doing it. I am a small scale trader and once i get bigger,I would seek the help of a NRI cousin or friend.

Forex trading is legal for NRIs. Happy trading. So what would be the countries which you would suggest for aspirant forex traders in India to consider for continuing their forex trading business. But this FX Trading is banned from many times i think. Still no action has been taken against me. Pls help whether i should continue with this or not? Dear Rajandran I use to collect foreign currency notes and coins as a hobby and I have a collection of around countries. What is the govt rule for it? Thanks for your reply.

I further have a question that can I carry the above mentioned currency and stamps collection from Karnataka to New Delhi , where I am going to shift soon. I have a friend who is in Dubai NRI. Hi, One more question.. But i think that once we are earning such huge amount of money, why not shift to the country which allows it with full freedom.

And then you may always return back. Hi ram, can i plz contact u regarding the procedure of safe procedure of account opening to trade forex, can u specify ur email id. Dear Rajandran, Thanks for your valuable informations, surely they will be eye-opener to many. I came to know this company through my friend.

Do you have any idea about that company and its credibility? Any body can share their knowledge regarding that company. Thank you in advance for your help. Not direct bank wire transfer but its through one of the online payment processor called skrill. My withdrawal amount if way too small so no problem yet. Our govt. Very interesting discussions on this forum. Mr Rajandra, How does the below sound for a solution: Richa, Anindita Mani awaiting your comments on this: 1 I have my relative in Dubai.

He has agreed to open FX account in his name. Float offshore LLC in Dubai. Open Trading account on the name of LLC. Hence LLC is not taxed in India. Jurisdiction to be considered is Dubai. NRIs can trade in forex freely once they reside outside India. It is only when they return that the problem starts. Does anyone have a solution? There is much discussion what and what not RBI is saying, and why they are saying it.

Their words are very general and to be used as they deem fit. I currently have an international bank account in Singapore. But I am still not using it for trading as the IT rules are getting very strict and internationally info is being shared more and more freely now.

But that is the last resort because getting back the money into the country will be complicated. If you make a little lets says lakhs and it is transferred to your bank account as gift from your relative, no problem. You pay the gift tax and go on your way. If you make bigger money in a year remitting it to yourself gets a little more complicated.

How will you transfer it back to yourself? Part remittance and part cash carried by hand maybe is the solution. How often? I hope you trust your relative a lot. And hope they live up to that trust when the sums become very large Presuming you are a good enough trader to make large sums of money. Ask anyone who has gotten on their wrong side and they will vouch for what I am saying.

So while we may try our luck, in the long run it is not worth testing it. This is one possible hole. But is it easy? But there are many things to keep in mind. Especially the part of a Resident Director. In Singapore the minimum charge for you to hire one is SGD annually. Plus you have to hire a Company Secretary annually paying about sgd.

Plus an accounting firm annually costing SGD Plus incorporation charges of about sgd. Plus you will need a bank account. For a company the minimum bank balance is about sgd above. Much of the charges you will pay will be a recurring charges like the director and Com Sec and local registered address etc. I am sure there are many known and hidden costs like these in Dubai as well. But you may require licensing in Dubai for a company to trade in Forex.

So not only will you have to pay a lawyer to figure out if you need a license, you will also need to pay this lawyer to arrange the license if needed. There will also be requirements that you may need to fulfill for this license. Plus fees, plus renewal. Keep that in mind. But funds have to come from particular sources like RFC account etc. If imagine you do manage to open a company then read below. Forex is mostly CFDs that are non-deliverable in nature.

Read Q9 of RBI circular using link posted above. It says: An overseas entity, having direct or indirect equity participation by an Indian party, shall not offer financial products linked to Indian Rupee e. Any incidence of such product facilitation would be treated as a contravention of the extant FEMA regulations and would consequently attract action under the relevant provisions of FEMA, Do remember that most Indian Government bodies like to keep the wording loose so that it covers a lot of ground and is open to interpretation, in case they wish to use it.

This information is there in the same link. There is also an email account link so you could mail them as well. Forgot to add one more point. If you open a company with only business being forex and sharetrading and become its director, that too could have repercussions as you will be a resident Indian. In case of an enquiry ever, questions will be raised and they will need to be answered. But then how do you bring money home? I hope this post was helpful to all.

I could do with a second opinion on the company angle. So please do consult and let me know. No one is wiser in India. This route has no problem. HSBC recently sent India a list. Information will flow freely now. Sooner or later this information will reach RBI. That said, please consult a CA and let me know soon. Everybody, there is no point abusing the RBI and arguing why they have this rule.

The fact is that they have it. Lets live with it and try to find a solution. All the best! What do you think will be the extent of the investigation and what do you think will be the punishment for such an offence if they deem it has occurred?

However, am thinking of this. Open a legal offshore company, there are many viable location as said…Singapore, Dubai etc. Then get capital legally to invest. After you make profit, pay yourself salary or consulting fee as director or employee of the company…pay taxes as needed per the rules. I will be checking on the same with a CA on this. I dont think much legal issues via an offshore company. But you have to check out the legality of the countries regulation if any.

Exactly my point. Rajandran is right. U can always trade through NRI account.. Thats perfectly legal. I had written…. It is only when they return that the problem starts…….. RFC account can be opened. More specifically Singapore or Dubai or Australia.

I want to trade in binary market, individually it is illegal can trade with a firm or with other business name. Thanks for your effort. Is binary trading also illegal in india i m trading in binary trading from last year and have a good amount to be withdrawl how i could i do can u tell me rajendr.

Its illegal as per RBI norms to if you are a retail trader then better to stay away from binary options. Then how come no one is stopped till now. According to my study, the amount of traders arrested due to this trading is 0 [In ]. Some traders were arrested but for money laundering , etc.

Reply Fast. HI Mansh……Have u ever noted…. I can say only one thing after all the above explaination if you still wanna do it do it at your own risk. Can you be very clear on what action the government of India takes on investing in Forex, it seems highly doubtful from the number of different firms that are operating freely here.

You could be fined under FEMA rules. As far as I know there would be no jail but heavy fine probably three times your investment money. I strongly suggest you try a demo account and see if you can make money in forex. If successful invest a small through a NRI friend or cousin. Success in demo account does not gurantee success in real account. Forex is not easy and could take lot of time to master.

Take the NRI route as its legally safe. If you can master it your laptop would act like a money printing machine. Keep in mind,forex is not easy. Hello traders, I know that many Indians are trading forex International ,but some of them have problems to withdraw money in India. Well I have a trick to safely get the money to Indian bank accounts But still I need your suggestions.

First of all open an offshore bank account and withdraw any profits to that account, Later open an project in crowdfunding sites where you can get donations for your project. Fund your own project and release the donations to your Indian bank account. In you bank statement, it will appear as donations received for the project.

Is it okay to do so? Any help will be appreciated. Am raj am from south africa,i want to do binary options. If you are an NRI then check with South African standars whether overseas margin trading is legal or not. Then you can decide to go with binary options. Sir, Well, read a lot about about the illegality of Forex trading in India. Or is there something I am unaware of? What according to RBI makes Forex trading illegal? I believe trading is then possible for Indian clients and INR is very much an acceptable currency for trade.

Yep as per RBI rules it is illegal if you are trading in any sort of overseas marin trading products. If what you say is illegal as per RBI. I talked to one binary broker. He told that forex is illegal in India but binary is different. Lot of Indian traders have account with them and trading without any problem. This is something I was looking for.

Rajendran have no idea on many things and he is just frightening others on the basis of RBI circular which says about forex trading. I want to ask very clear query. Kindly reply. Alpari india is legal to trade as they are taking money in INR and they are allowing to trade only in indian exchanges. Its more of a legal one. First of all thanks for your reply. Could you please suggest me some other genuine broker for this in India which offer Forex trading.

I will be thankful to you. Can any of you tell me good regulated brokers…. I have come across a few like Onada and Alpari…. I would also like to know about WhoTrades. Seems legit since its a subsidiary of Finam. Is it possible that I give my friend some money to set up a Forex account from UK?

And then I trade on it, sitting in India. That way I am not doing any online transfer of funds from here. Any way to do that? But as long as there is a right understanding between you and your friends are good you can do it. If reply is not satisfactory or involved in forex trading then international credit limit will be zeroised on card and such transactions will be reported and action will be taken as deemed fit.

Since Jan he has not done any currency trading as he found out its illegal in india. Please let me know what actions they can take against him and what are his options against those actions? What to answer the bank? So what happened to your friend? Please can you provide an update?

Similar thing is happening to my friend. The best part is, in mauritius you dont have to pay taxes ,all you have to do is show your a alien and india you dont have to worry about taxes because u never earned the income in this country. I am interested to do forex trading please suggest me one of best i am beginner ….

RBI has said that trading in forex is illegal if anyone uses Indian currency to convert to Foreign Currency and then trading. This is alright. So it is clear RBI is banning forex just to save Indians from being scammed by forex brokers and to prevent outflow of INR to foreign countries.

But there are ways to trade forex without investing a single paisa. There are many foreign brokers who give no deposit bonus. Searching on Google with forex no deposit bonus gives a huge list. And in order to withdraw money from these brokers one need not require to deposit a single paisa. Now in this case, there is no outflow of INR but inflow of other currencies.

Also see that trading in this way does not contradict with RBI rules. This is due to the fact that you are not investing any money here. You are trading with free dollars. Alpari India has closed in India. So please tell me some Indian brokers. You can be allowed to trade with free dollars but you cannot withdraw the same. There is no free money. Bonus are just a brokers feature to allow you to try and trade more not a users facility.

And that no-deposit-bonus cannot be withdrawn. Is it legal to get the account funded from a friend residing in US to trade futures? There is one prop trading firm based outside india, which is recruiting traders all over the world. Once enrolled, they have us to trade on demo MT4 accounts and trades are copied to their server through their EA Expert Adviser.

Can you please confirm if I can trade forex online in the above website legally. All of you Pl make a note of it to avoid legal action DR. Hello, Will you please tell me which bank is allowing to transfer money for forex trading? I have tried it with HDFC but did not succeed.

Please tell me which banks card I should use? When Forex Trading in overseas market is illegal what is the point of doing it? I have gone through your posts. I have one question as you are doing great on this please answer me if you have it.

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