Can i trade the s&p emini futures from india without funding from ind?

[vivek]

@GodFather

Other than that, there’s only one way through which a resident Indian can trade in foreign securities (E-mini S&P):

• Under Section 6(4) of the Foreign Exchange Management Act, 1999, a person resident in India is free to hold, own, transfer or invest in foreign currency, foreign security or any immovable property situated outside India if such currency, security or property was acquired, held or owned by such person when he was resident outside India.

This takes a lot of effort, but at least you can trade your own account.

Refer to Q 16 in Reserve Bank of India - FAQs

I doubt that’s a good idea…Nithin has already commented on that being tricky

Trading Derivatives in USA from India

Hmm… Tricky one, but yeah technically it would not be part of LRS. If the clients status changes from non-resident to resident Indian, can you continue to hold an account like that is the question to ask? In India, when a client status changes from resident to non-resident, he is required by law to change all bank and trading/demat accounts to NRI. @TAXIQ.IN would you have an idea?

Will check if it’s possible to trade for foreign citizen by obtaining POA