Trade Exness India

Is Forex Trading Legal in India?

Before diving into Exness specifically, it’s essential to understand the broader legal framework for forex trading in India. Forex trading is legal in India, but it comes with specific regulations enforced by the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI). According to the RBI, Indian residents are permitted to trade forex, but only in currency pairs that include the Indian Rupee (INR), such as USD/INR, EUR/INR, GBP/INR, and JPY/INR. Trading in non-INR pairs, such as EUR/USD, is not allowed for Indian residents under current regulations.

Is Exness Legal in India?

Exness is a globally recognized online trading platform, founded in 2008, that offers forex and CFD (Contracts for Difference) trading. It is regulated by multiple international authorities, including the Financial Services Authority (FSA) in Seychelles, the Cyprus Securities and Exchange Commission (CySEC), and the Financial Conduct Authority (FCA) in the UK. However, Exness is not regulated by SEBI, which raises questions about its legality for Indian traders.