When you go abroad or send money abroad, you need to exchange currency. The Reserve Bank of India (RBI) regulates foreign exchange (Forex) transactions in India via the Foreign Exchange Management Act (FEMA). The FEMA Act establishes criteria for different businesses and organisations as well as external remittance limitations and TCS on overseas remittances. All …
The Securities and Exchange Board of India deservedly takes its place among the leading regulators of financial markets. The national agency SEBI was established in 1992 and is still operating today. What are Sebi registered forex brokers? SEBI brokers fully comply with the standards of the Securities and Exchange Board of India. SEBI-registered brokers on …
Forex market is a global decentralized marketplace where people deal with foreign currencies. It is a 24/7, five-day-a-week open market which is well-known for its extreme volatility. By Forex trading, people and organizations can trade currencies and make a profit from fluctuations in exchange rates. In recent times, the concept of Forex Trading has grown …
Punishment for Forex trading in India: Jail or Not? Read More »
On April 10, 2019, OCTAFX INDIA PRIVATE LIMITED was established as a private company. It holds the classification of an NGO and is duly registered with RoC-Mumbai. The company’s state of registration is Maharashtra, with an authorized share capital and paid-up capital of $100,000 each. Is OctaFX Sebi registered? The Corporate Identification Number (CIN) for …
Is OctaFX Sebi registered? Is Octafx Legal in India? Read More »
The best and legal forex trading apps in India let you perform simple forex trading using your smartphone or tablet at your comfort. 3 Legal Forex trading Apps in India This is especially important when the market for foreign exchange is a key element in everyday business. It’s an open and decentralized marketplace that allows …
There is no doubt that the stock market is one of the best existing investment options at present, through which very good returns can be earned very easily in a very short time, but to invest in the stock market, you need to have a Demat account. If you are thinking of opening your Demat …
3 Best Demat account (Lowest Brokerage) in India Read More »
Just as many people can earn money by trading in the stock market, in the same way, many people also earn good profits by trading in currency trading. At present, currency trading or the Forex market is one of the largest and liquid markets in the world from which good profits can be earned in …
It is necessary that you have a demat account to invest or trade in the stock market. If you want to invest money or do trading in the stock market, then it is important that you have a Demat account. If you are thinking of opening your demat account then read this article completely because …
The word ‘Forex’ is made up of two words in which the first word is Foreign and the second word is Exchange. Foreign Exchange means changing one currency into another currency, which can be for many reasons like commerce, trading or tourism. Foreign exchange takes place in the Foreign Exchange Market, which is a global …
RBI Approved Forex Broker in India (Top Forex Broker) Read More »
When checking your Fidelity account balances, you may come across some “cash” terms you need to familiarise yourself with. They can provide information such as how much money you have deposited or how much money you still have for the business. Cash Available to Trade vs. Settled Cash The amount that can be used to …
Cash available to Trade vs Settled cash (A Detailed Explanation) Read More »
