4#. XTB – Best Regulated Forex Broker In India
Still, it seems that the Indian government is giving in to the pressure and new legislation has been launched to legalize cross-currency pair trading which includes the aforementioned currencies only combined with each other (USD/EUR, USD/JPY, EUR/GBP, etc.). India is one of the countries with the biggest gap between the rich and poor, but that does not affect Forex companies. Since the number of wealthy Indians is pretty much high, the Forex market does not lack Indian clients who seem to have developed a true passion for currency trading. Forex broker registered with sebi SEBI is a self-regulatory organization and it operates under the jurisdiction of the Ministry of Finance. The organization was established on the 12th of April in 1992. It is headquartered in Bandra Kurla Complex, Mumbai. The main obligation and responsibility of SEBI, apart from controlling and regulating commodity markets and securities, is to protect investors’ rights and make the environment more transparent and attractive for people. What’s more, SEBI formulates the guidelines for companies that are linked to the financial sector and operate in India, including Forex brokers. SEBI registered Forex brokers are famous for their reputation and the way they are performing in the marketplace.
Sebi regulated forex broker
SEBI-regulated FX brokers also prominently feature their SEBI license details on their website, as well as all of the advantages and privileges that traders enjoy under SEBI and its regulatory frameworks. The SEBI website also offers a brief background story and useful statistics on a licensed broker in the category of SEBI registered brokers list. The main thing which helps traders to find which SEBI-registered broker apart from the organization’s website can be recognized with the letters “INB” and those that are registered as sub-brokers can be found with the letters “INS”. India’s Trusted Stock Broker While there are numerous benefits of trading with a SEBI registered broker, there are also significant risks associated with engaging in trading activities with unregistered brokers.Comparing investment opportunities between India forex broker
We at moneycontrol use cookies and other tracking technologies to assist you with navigation and determine your location. We also capture cookies to obtain your feedback, analyse your use of our products and services and provide content from third parties. By clicking on 'I Accept', you agree to the usage of cookies and other tracking technologies. For more details you can refer to our cookie policy. How can you Trade Forex in India? Ida joined our team as a financial writer in 2023. She has a degree in Digital Marketing and a background in content writing and SEO. In addition to her marketing and writing skills, Ida also has an interest in cryptocurrencies and blockchain networks. Her interest in crypto trading led to a wider fascination with Forex technical analysis and price movement. She continues to develop her skills and knowledge in Forex trading and keeps a close eye on which Forex brokers offer the best trading environments for new traders.
