# Webull legit? says its legal to get margin account in india?

**URL:** https://tradingqna.com/t/webull-legit-says-its-legal-to-get-margin-account-in-india/51588
**Category:** General
**Created:** [December 17, 2018, 3:44pm UTC](https://tradingqna.com/t/webull-legit-says-its-legal-to-get-margin-account-in-india/51588 "2018-12-17T15:44:14Z")
**Posts on this page:** 2
**Page:** 1

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### Author: ![lazy](https://tradingqna.com/letter_avatar_proxy/v4/letter/l/9fc29f/32.png) [@lazy](https://tradingqna.com/u/lazy)
#### Post date: [December 17, 2018, 3:44pm UTC](https://tradingqna.com/t/webull-legit-says-its-legal-to-get-margin-account-in-india/51588/1 "2018-12-17T15:44:14Z")

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I recently found webull, but they provide margin account for indians …they say margin account are allowed for international customers…

but RBI says something different  
I dont get it please help, is it legit?

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### Author: ![abbanerjee](https://tradingqna.com/user_avatar/tradingqna.com/abbanerjee/32/2562_2.png) [@abbanerjee](https://tradingqna.com/u/abbanerjee)
#### Post date: [December 17, 2018, 4:33pm UTC](https://tradingqna.com/t/webull-legit-says-its-legal-to-get-margin-account-in-india/51588/2 "2018-12-17T16:33:08Z")

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Margin is not allowed for Indian customers.

Remittance from India for margins or margin calls to overseas exchanges / overseas counterparty are prohibited.

See : [https://m.rbi.org.in/Scripts/FAQView.aspx?Id=115](https://m.rbi.org.in/Scripts/FAQView.aspx?Id=115)