![]() What currency pairs are accepted by the Indian forex market? Once you fund your trading account, you are good to go to start trading using the platform provided by your broker. You will also need a desktop or smartphone with internet access since you can only access the forex market online. If you consider trading with the international forex brokers, please get a proper authorization. Unfortunately, there are almost no forex brokers registered with SEBI. You would think that the first thing to do would be to create an account with a SEBI-accredited forex broker. If you chose to do this, you are not protected by SEBI. Unfortunately, many Indian forex traders do trade with offshore brokers without proper authorization. Here is a list of popular brokers accepting clients from India:Ī word of caution, trading without permission is a violation of rules that can lead to fines and other legal complications. With the proper consent of the Indian authorities, traders can also register with the international brokers that don't have as SEBI license. As a result, several investment firms, brokers, investors, and security companies have been fined or had their licenses canceled because of failing to adhere to the SEBI guidelines. The board regularly audits and supervises all brokers under its regulation to check for possible financial discrepancies. The SEBI is very serious when it comes to regulating and overseeing the security markets. SEBI ensures that the security markets operate with transparency and integrity, without destabilizing the Indian market. In 1995 Indian government created The Securities and Exchange Board of India (SEBI) to regulate and oversee all financial institutions involved in the securities market. ![]() ![]() However, forex scams are also on the rise, this has forced the Indian government to put stringent measures to regulate forex trading in the country. Numerous brokers offering lucrative returns with little investments have started to promote Forex trading in India. Forex trading is one of the newer types of investment in the country. ![]() India is the second most populous country in the world, it is also one of the world's fastest growing. Best Forex Brokers in India for 2022 by Forex Peace Army ![]()
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