HOW TO TRADE FOREX IN INDIA? GIVE NAMES OF FOREX BROKERS.?
What kind of brokerages they fetch?
what is RBI policy regarding this? Please mention link.
what kind of account is needed for it?Can it be the normal savings account converted, or a new account to be opened?
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Filed under: Forex Brokers
We can trade forex in india on nse currency derivative.
All the main Brokers give this facility.eg.-
Geojit BNP Paribas
ICICIDIRECT.
generally brokerage is Rs.10 Per lot (1lot=1000 Dollars in USD-INR TRADING)
DMAT account is needed for it.
If you have saving account then open DMAT Account.
For more details visit www.geojitbnpparibas.com or www.icicidirect.com
Also visit to their branch office near to you
If you are a beginner, i suggest you to use Marketiva, which is a very good platform to start trading with and very easy to use.
Marketiva gives you 5$ real to start trading so you don’t have to deposit and if you made profit from it you can cash out, this is why it’s very good for beginners. Their platform is very easy to use and they have support during trading hours for your questions, doubts etc.
They also have chat channels where you can talk, exchange opinions and ideas with traders of your country or international traders.
To open your account please visit http://www.marketiva.com/index.ncre?gid=3371