Is the business model of prop firms like FTMO,FundedFx considered legal in India?
These aren’t. These firms are also part of the list RBI has warned not to deal with. You can check that list here: OctaFX IPL Ad and Illegal CFD Trading - #19 by Bhuvan
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I mean that what if we use their business model like providing evaluation stages than you pass that and than u get funded but for Indian Stock market not Forex.
That’s a good idea