Q&A

Can I withdraw all my money from forex?

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Can I withdraw all my money from forex?

The minimum withdrawal amount is $100, or all your available account balance (whichever is lower). You can withdraw a maximum of $25,000 per transaction if you are funding by bank transfer, and $50,000 with debit card.

Is Exness legal in India?

Yes, forex trading is legal in India. Traders are only allowed to trade through exchange-regulated brokers in India.

Which forex broker is best in India?

Best Forex Brokers India

  • IG – Best overall broker 2021, most trusted.
  • Saxo Bank – Best for research, trusted global brand.
  • Interactive Brokers – Great for professionals and institutions.
  • FOREX.com – Great all-round offering.
  • AvaTrade – Multiple trading platform options.
  • Admiral Markets – 4.0 Stars.
  • Capital.com – 4.5 Stars.
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Is forex real or not?

Yes—forex trading is a legitimate way of making money. But, it’s not easy, and there are many forex trading systems that are not legitimate—scams—that should be avoided. And unfortunately, many newcomers to forex trading have unrealistic expectations about how it works and how profitable it can be.

Can I transfer money from my forex card to bank account?

Follow these simple steps if you wish to transfer funds from your forex card to your bank. If you have an HDFC Bank Savings account: You can transfer the money from your HDFC Bank ForexPlusCard to your bank account by calling the PhoneBanking. All you will need are your ForexPlus Card number and your customer ID.

Who is the best forex broker in India?

Is it legal to trade in Forex in India?

Trading on other pairs is illegal under FEMA Act. Trading in forex market through online broker is a Non-Bailable Offence in India. For trading in Forex you have to convert the INR (Indian Rupees) to the desired currency you want to trade i.e. the currency which you choose to be the base currency in your trading.

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Is openoverseas forex trading from India legal?

Overseas Forex Trading From India is illegal for Indian.

What is RBI’s latest warning on Forex trading?

In a circular issued late on Tuesday, the Reserve Bank of India (RBI) asked banks to advise customers not to undertake forex trading on foreign websites that offer currency contracts by accepting margins through credit card and online money transfer mechanisms.

Is it right that there are still so many Indians trading overseas?

Yes, It is right still so many Indian peoples trading in overseas forex trading But actually they are in doing illegal activities. Nowadays RBI is very strict on this issue. Does NRI Allow to Trade in forex? What is the Legal way for Indian to Trade in forex?