Forex platforms legal or illegal

[challa_kartheek]

Hi @nithin

Is forex trading legal in India…? we have many platforms like octafx and exness, but do we face any issues/email from RBI/Bank …? Many platforms are now openly advertising in IPL matches if it is not legal how can they advertise such openly with even gov watching them. Is there any SEBI/RBI approved forex platforms…?

[KarthikAcharya]

Hy @challa_kartheek hope this helps you.

[nithin]

@challa_kartheek

Is forex trading legal in India…? we have many platforms like octafx and exness, but do we face any issues/email from RBI/Bank …? Many platforms are now openly advertising in IPL matches if it is not legal how can they advertise such openly with even gov watching them. Is there any SEBI/RBI approved forex platforms…?

https://zerodha.com/z-connect/sticky/the-twisted-world-of-illegal-cfds-binary-options

We have been raising this issue. RBI in Feb this year also put this up

[t7support]

You can trade currency pairs listed at NSE via your stock broker.