 "Trading on overseas online forex platforms illegal, punishable under FEMA")
It’s hard to miss the advertisements of forex platforms on social media. One claims that traders can make a profit of $100 in half an hour. Another promises risk-free winning strategies. Then, there are click baits that read: “Convert $100 into $1,000”. These platforms also allow users to trade with margin money as high as 1:100, that is, if you bet $10, you can trade for $1,000.
These are not necessarily fraudulent websites. A few of them are popular globally. But it’s illegal for Indians to trade on them. “The popular ones are binary options trading platforms, which are
These are not necessarily fraudulent websites. A few of them are popular globally. But it’s illegal for Indians to trade on them. “The popular ones are binary options trading platforms, which are
