Is it legal to trade stocks in USA's stock exchanges as an Indian citizen?

After the introduction of TCS of 20% on foreign remittance for investing in stocks, we have stopped pursuing this opportunity completely. I don’t think retail investors will be okay sending say $100 and have only $80 to invest in the markets and have to wait for over a year to get the TCS refund of the $20 after filing income tax returns. We don’t see this as a viable business opportunity anymore.

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