Currency/Forex trading in India is not so easy.
The only currency pair allowed for trading is Rupee/US Dollar pair but you need to make a minimum investment of 1000 USD. SO that comes around 45000 roughly. You can only trade in multiples of 1000 US only.
I think this much of initial investment leaves out most of the middle class investors out.
Reliancemoney, ICICI Direct, Kotak Securities, Alpari are some companies that i know which offer Currency trading in India.
I heard that almost all the Demat account offering companies also provide Forex trading in one way or the other.
You can open a demo account as well but no one knows how good are these demo accounts
You can try below link for openings a demo account.
FxGrant.com/India/ForexDemoAccount
It is best to stick to Stock market for now.
No comments:
Post a Comment