Indian Residents (Trading NSE Only)
NXG Markets Pty Ltd, an ASIC regulated for the general financial product advice (ABN 93 623 948 998, AFS License No. 001308207)NXG Markets Limited is regulated by the MISA (MWALI International Services Authority) for the brokerage services (License T2022091).Physical Address: #806, AL SERKAL BUILDING 2 PORT SAEED DUBAIU.A.E.Registered Address: BONOVO ROAD – FOMBONI ISLAND OF MOHELI – COMOROS UNION Legal forex broker India’s main state owned regulatory body for securities markets is Securities and Exchange Board of India (SEBI) which is overseeing the providers on Indian’s financial market. Established back in 1995 SEBI is the official agency that is responsible for issuing the license for forex brokers doing business in this country.
Legal forex broker in india
This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 10 Best Forex Trading App In 2024 The success of your trading activities depends on the quality of the trading platforms provided by your broker. Like a skilled navigator uses advanced tools, traders need platforms that incorporate state-of-the-art features. Essential components include real-time quotes, customizable charts, technical analysis tools, and mobile trading capabilities. Opt for brokers that use technology to offer user-friendly interfaces, enabling agile and informed decision-making in the fast-paced forex market.What are the main regulatory bodies overseeing the Indian Forex trading market?
When trading in India, the market is regulated by the Securities Exchange Board of India (SEBI)&Reserve Bank of India (RBI). How can you Trade Forex in India? "There is a need for greater vigilance to prevent the misuse of banking channels in facilitating unauthorised forex trading, says the RBI, while advising the authorised dealer category-I (AD Cat-1) banks to be “more vigilant” and exercise “greater caution”. “As and when AD Cat-I banks come across an account being used to facilitate unauthorised forex trading, they shall report the same to the Directorate of Enforcement, Government of India, for further action, as deemed fit," says the central bank.
