its traders to trade on INR related currency pairs. Sebi Forex brokers have the option of offering Forex trading products as part of its services portfolio, but these brokers are required to follow all guidelines issued by the sebi and the official authorities governing the fema act. It might even result in trading moving to offshore exchanges if the restrictions are too repressive. The ultimate protective function is to prevent unfair and fraudulent trade practices.
Sebi, act, and is the main regulator for stock exchanges in India. The regulatory body responsible for. Forex trading is, sEBI, which stands for the Securities and Exchange Board of India.
Statutory powers were added, and it also became the regulator of capital markets following a new governmental resolution. The ultimate course of action if sebi is unable to get the situation resolved is to seek resolution through the courts, consumer courts, or arbitration. It has been possible for traders in India to trade in currency derivatives since 2008. In the same year, it was also constituted as the regulator of capital markets under a government resolution. Legislatively, its powers include the drafting of regulations. It can be used for registering and tracking complaints from investors of sebi -registered firms. Forex trading is one of the very new investment concepts in India that was popularized by several brokers promising massive returns with minimal investments.
Sebi regulations forex trading