Comment on The race to Zero – Can the Indian brokerage industry survive?
commented on
05 Oct 2019, 02:18 AM
I suppose cross currency trading (eg. GbpUsd, UsdJpy, UsdEur,GbpSgd) etc is not permitted in India yet there are brokerages like Tradeapro, TopicMarket, Metaquote etc who provide you login via MetaTrader application, take INR from you, convert it in USD and enable cross currency trading for you. Either you trade your self or they trade on your behalf and you have to share some revenue with them. Is this system considered as LEGAL in India?