Frequent question: Can we use mt4 in India?

Metatrader 4 is 100% legal in India. If you want to use metatrader 4 to trade Forex Crypto, stock, binary then and it’s legal. If you are from India then and you also need to you remember that you can only trade on those currency pairs which include INR.

Is MT4 legal in India?

1] 1:1000 leverage on trading. 2] Possibility to trade on MT4 which is free and is the best Charting platform to run Algos/Robots. … Forex trading is not completely illegal in India, but it is restricted to certain currencies, which are paired against the INR as well as some of the ‘cross currencies’.

Can I use MT4 for Indian stock market?

I think you will find your answer in these forum. It wont because none of the brokers we have support mt4 or mt5 platform. this is because only trading in bse nse and indian stock exchanges is legal in india. Also only 4 forex pairs can be legally traded in india.

Can we use Metatrader in India?

“We are pleased to announce the start of MetaTrader 5 integration with BSE,” commented Manoj Choudhary, head of MetaQuotes’ Middle East office. We are optimistic that brokerage houses associated with BSE will be able to offer their clients trading in Indian Markets through the #1 multi-asset platform.”

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Which Indian broker provides MT4?

India Forex Brokers List

Broker Detail
FXCC Min. Deposit: No minimum deposit Max. Leverage: 1:30 | 1:500 Trading Platforms: MT4 Regulation: CySEC, VFSC FXCC Review
XM Min. Deposit: US$5 Max. Leverage: 1:30 to 1:888 Trading Platforms: MT4, MT5, XM WebTrader Regulation: CySEC, ASIC, IFSC XM Review

Is forex banned in India?

By virtue of RBIs circular issued in 2013, forex trading through electronic or internet trading portals has been prohibited. However, forex trading is held legal when one does it through specified foreign exchange trading platforms and the base currency is INR (Indian Rupees).

Can I go to jail for forex trading in India?

In India, Foreign Exchange or Forex trading is not allowed. … Hence it is legally a crime to involve in Forex trading and the charges of the crime are imprisonment in a jail in this country.

Which forex broker is best in India?

Best Forex Brokers India

  • IG – Best overall broker, most trusted.
  • Saxo Bank – Best web based trading platform.
  • Interactive Brokers – Great overall, best for professionals.
  • FOREX.com – Excellent all-round offering.
  • AvaTrade – Great for beginners and copy trading.
  • Admiral Markets – Great for MetaTrader.

Can I trade stocks on MetaTrader 4?

In order to trade live single stocks in MT4, you would have to create a new MT4 account. You cannot trade them in the same account which you use to trade other assets. … In terms of cost and execution, there is no difference between MT5 or MT4.

What is punishment for forex trading in India?

Hi, there is no punishment for doing forex trading in india. There is punishment for misusing USDOLLERS from RBI Reserves ( if you think you deposit USDOLLERS from your INR bank account, RBI have to pay USDOLLERS behalf of you) and also It is our responsibility to save our foreign reserves.

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Is OctaFX legal in India?

Yes, it is legal to use the OctaFX app for trading.

Is Metatrader 5 a broker?

The best solution for organizing brokerage business in the financial markets. … With the MetaTrader 5 platform, you can run your brokerage business in various financial markets including forex, stock exchange and Futures markets.

Is forex trading tax free in India?

If trading in forex is a business for the trader, the income arising from it will be taxed as business income. Otherwise, it must be taxed under ‘income from other sources’ at the rate applicable to individuals. GST is charged in three slabs on forex transactions.

Is Olymp trade legal in India?

Yes. The trading platform is also a member of the Financial Commission, a regulatory institution in charge of regulating various online trading platforms to ensure that they function in complete accordance with the Indian laws. …

Does Zerodha support forex?

Yes, Zerodha offers trading in forex (currency). You can trade in currency derivatives at BSE and NSE exchanges using the Zerodha trading account. The customer has to enable the Currency trading segment before start trading in the currency.