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Mar 30, 2012
That is tricky
by: Luke from Forex Trading Rookie

Hello Arun and thanks for your question. This is a pretty sticky subject. There are legal issues surrounding trading from India. You can read the official rules from the Reserve Bank of India here On my site, I've tried to summarize how it works on this page

As far as how long it takes the profits to be transferred from your broker, it depends on the broker. Usually anywhere from 1 day to 7 days, depending on their policies.

The best way that I understand it is that you can't legally claim that you're trading on margin if you live in India, but people do it as long as they say the money transfer is for something else. So it's up to you if you want to be less than completely honest. I know plenty of people do it every day, so it's up to you. Thanks and good luck with your trading.

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