is it legal in India to trade in funded account.
as we have profit sharing , we do not transfer funds for margin (which is prohibited by rbi)
in india trading with someone elses money under a profit sharing deal is unclear legally. but rbi does not allow transferring funds for margin trading unless you are authorized, and sebi regulates who can offer margin funding. so i guess if you are using 3rd party funds without being registered, it might be considered illegal. so best is stay safe…and to stay safe, these arrangements should follow sebi’s rules for portfolio management or margin funding.