The central bank's list of such unauthorised entities includes Alpari, AnyFX, Ava Trade, Binomo, eToro, Exness, Expert Option, FBS, FinFxPro, Forex.com, Forex4money, Foxorex, FTMO, FVP Trade, FXPrimus, FXStreet, FXCM, FxNice, FXTM, HotForex, ibell Markets, IC markets, iFOREX, IG Markets, IQ Option, NTS Forex Trading, ...
Is it legal to trade in the shares of companies?
- As per the Securities Contracts (Regulation) Act, 1956. (SCRA), trading in the shares of companies between persons other than members of a recognized stock exchange is illegal.
What is Dabba trading and how it works?
- Dabba trading is generally carried out by persons not registered with SEBI wherein one person or a group of persons carry out trading in securities by using price/quotes of securities available from the stock exchange trading platform / internet / television screen etc.
What are the risks involved in Dabba trading?
- In dabba trading, investors are subjected to credit risk as there is a possibility of persons who has carried out dabba trading default in making payment to the investors or that person becoming an insolvent/bankrupt.
If you want to trade Binary Options legally, you need a demo account. Demo Accounts allow users to play with legal money in India, but eliminate the fear that traders will lose the money as SEBI and RBI do not back it.