What is Forex
In India, the modern way of investing is Forex trading. Although severe restrictions have been introduced here, speculation in the Forex market is recognized as legal and it attracts an increasing number of clients.
First of all, because India is the second most populous state in our world. It is home to about 18% of the world’s population, which is about 1.35 billion people. In India Forex has become popular in the last ten years.
Today, all residents of India are allowed to trade in the foreign exchange market Forex, but with restrictions on trading operations introduced by the government itself.
Laws about Forex in India
According to the country’s legislation, a transaction will be considered legal if it is carried out only in pairs that include the Indian rupee.
Today, many online Forex brokers can sell or buy currency pairs, including the national currency – the rupee. On Indian stock markets, one can see offers of currency pairs for retailers. Purchases and sales of CFD contracts from an online Forex broker can be carried out by using Visa or MasterCard cards, which ensure safety and ease of use. In addition, Indian traders use various Pay systems as well as the MobiKwik wallet.
In terms of software, Indian investors prefer to make deals via MetaTrader 4.
Today, India’s dynamic foreign exchange market is very popular among retail traders. While the FreshForex broker offers them fast and convenient applications. One can download MT4 here for Windows, iOS and Android.