retail foreign exchange is offered on the web and individual investors can participate in currency trading easily, illegal brokers and dealers are quick to take advantage of inexperienced investors. Lithuania, macedonia, malaysia, montenegro, myanmar, nigeria, north Korea. In 2000 in fact, South Florida was known to be the telemarketing fraud capital of world, coming from cnbc. 46 Overseas forex trading through electronic or internet trading portals not permitted. . This agency also takes crucial and timely action against brokers or dealers who have been found to have operated illegally. Beware of brokerage companies that require you to trade via the interbank market. Bulgaria, china (Strict regulations if not total ban).
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Illegal, forex, trading, strategies to Avoid, illegal, forex, trading, strategies to Avoid, if you want to participate successfully in the foreign exchange market, it is very important for you to be wary of illegal trading strategies and scams. You will still be able to do but its your duty to check if Forex trading is really banned by law in your country. Yes, There is no restriction for NRI to trade in forex. It doesn't seem like, forex is illegal but would like to ask people before I contact a lawyer/accountant and then finding out that it is considered an illegal activity by law. Also, please note that a ban doesnt mean that you cant access a Forex site. If someone is found Trading in Overseas forex trading through electronic or internet trading portals by the Reserve Bank of Indias representative he or she is immediately charged with violation of law A ct (fema 1999 may send him to jail for illegal activity. Why RBI not allowed Overseas forex trading? Any firm, which has been suspected of illegal strategies, may be disciplined by the National Futures Association or the Commodity Futures Trading Commission. But I am more worried about getting into any legal trouble(s). The advice has become necessary in the wake of many residents falling prey to such tempting offers losing money heavily in the recent past. 1) you can trade in Forex currency which is paired with Indian rupees.
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