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We are a sub-broker in India that helps clients to open currency futures trading account. Please be advised that the above forex account opening links are only for practicing purpose and this account is opened with etoro. However the real account is opened in NSE market (India) only if you email into us.

Forex Accounts are also available in all majors states & cities of India like: Andhra Pradesh - Hyderabad & Sikandrabad, Arunachal Pradesh - Itangar, Assam - Dispur, Bihar - Patna, Chhattisgarh -Raipur, Goa - Panaji, Gujarat - Gandhinagar & Surat, Haryana - Chandigarh & Faridabad, Himachal Pradesh - Shimla, Jammu and Kashmir - Srinagar and Jammu, Jharkhand - Ranchi, Karnataka - Bangalore & Mangalore, Kerala - Thiruvananthapuram, Madhya Pradesh - Bhopal & Indore, Maharashtra - Mumbai, Manipur - Imphal, Meghalaya - Shillong, Mizoram - Aizawl, Nagaland - Kohima, Orissa - Bhubaneshwar, Punjab - Chandigarh, Rajasthan - Jaipur, Sikkim - Gangtok, Tamil Nadu - Chennai, Tripura - Agartala, Uttaranchal - Dehradun, Uttar Pradesh - Lucknow, West Bengal - Kolkata. Also these forex courses are available in these cities: Andaman and Nicobar Islands, Port Blair, Chandigarh, Dadar and Nagar Haveli, Silvassa, Daman and Diu, Daman, Delhi, LakshWadeep, Kavaratti, Pondicherry.

If you wish to open a forex trading account in India or want to open a commodity trading account in India, to trade gold, silver, oil on MCX, NSE, etc then you have come to right place. We make fx trading Indian commodities trading easy online.

Currency Futures Trading in India

There has always been a big debate about whether forex trading is legal or illegal in India. Well it is very much legal to trade FX in India if you are doing it through the NSE. Last October, India kicked off currency derivatives or Indian FX Trading in other words, after decades of leaving investors without the option of making money from this lucrative opportunity, the Indian forex market has been opened for traders & investors. There were markets for non deliverable forward trading offshore earlier with the RBI monitoring domestic forward trading in currency. But currency futures were banned until the RBI decided to toy with the idea after Indian rupee futures began trading on the Dubai Gold and Commodities Exchange (DGCX). Now forex traders are easily trading US dollar against the rupee online.



70,000 contracts on the first day


It led to the start of the first currency futures trading at the National Stock Exchange (NSE) in India launched by the Finance Minister at that time, P Chidambaram. He spoke about developing the bond and derivatives market with interest rate futures in and secure credit derivatives market. As it got launched on August 29, 2008, interest was up and running with nearly 11 banks and 300 trading members registering and transacting nearly 70,000 contracts in a single day, with great fluctuations in the Indian forex rates. East India Securities conducted the first trade and among the banks, HDFC was the first to transact business. Of the total business done on that day, transactions by banks accounted for 40% of the total trade. The Reserve bank of India (RBI), happy with the proceedings went on to allow currency futures trading at the selected exchanges across India. Later, a plan was drawn up for setting up a futures market for currency with the help of RBI and the capital market monitoring organization, Securities and Exchange Board of India (SEBI).

If you want to do futures trading in currency or want to enter the forex market of India to trade various currency pairs online, then we can provide you all the facilities ramped up to suit your requirement. It was the NSE that first allowed to trade in futures although applications were sent in by the Bombay Stock Exchange (BSE) & MCX or the Multi Commodity Exchange. Primarily, the step to open up futures trading in currency was taken to provide companies with increasing flexibility and infuse more liquidity into the market. You may do it individually, involve your company or institution that could also be a bank to buy or sell the currency of your choice pitting one against the other at a predetermined date and price.



Enriching India's financial sector


The opening up of the currency futures trading in India was done primarily to facilitate opening up and enriching the financial sector as well. It was happening elsewhere like in Dubai and everything was smooth, but the benefit wasn't being ploughed back into India. With the deregulation and RBI monitoring, India would be getting a slice of the large volumes that are traded in the currency markets. As financial markets in India get ramped up, the move was greeted with cheers by the operators and banks across India and abroad. But there is a flip side to it. India failed to take advantage of the growing clout of the Chinese Yuan and has made derivatives trading other than the US dollar difficult. It is a short sighted move as the Chinese Yuan is gaining more prominence these days. China has even suggested to the US to allow the Yuan its rightful place among global currencies as the greenback is losing its luster. Yuan trading is being marketed aggressively by China and it would be another missed opportunity as Yuan-Rupee or the dollar-Yuan transactions are still not on. It's a scenario of 'better late than never' for currency futures trading in India although options trading & trades above $5 million are not allowed. As the Indian economy continues to soar, experts feel the onset and rapid globalization that is taking place would enable the currency futures trading market in India to kick off fast
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Forex Trading & CFDs are leveraged products. Trading in CFDs related to foreign exchange, commodities, financial indices and other underlying variables, carry a high level of risk and can result in the loss of all of your investment. As such, CFDs may not be suitable for all investors. You should not invest money that you cannot afford to lose. Before deciding to trade, you should become aware of all the risks associated with CFD trading, and seek advice from an independent and suitably licensed financial advisor. Under no circumstances shall we have any liability to any person or entity for (a) any loss or damage in whole or part caused by, resulting from, or relating to any transactions related to CFDs or (b) any direct, indirect, special, consequential or incidental damages whatsoever. Trading with eToro OpenBook by following and/or copying or replicating the trades of other traders involves a high level of risks, even when following and/or copying or replicating the top-performing traders. Such risks includes the risk that you may be following/copying the trading decisions of possibly inexperienced/unprofessional traders and the overall risk associated in CFD Trading or traders whose ultimate purpose or intention, or financial status may differ from yours.


HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.

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