Exness App India

Understanding Forex Trading Regulations in India

To determine the legality of the Exness app in India, we must first understand the regulatory framework governing forex trading. In India, forex trading is regulated by two primary authorities:

 Reserve Bank of India (RBI): The RBI oversees foreign exchange transactions under the Foreign Exchange Management Act (FEMA), 1999. FEMA restricts speculative forex trading and limits Indian residents to trading only currency pairs involving the Indian Rupee (INR), such as USD/INR, EUR/INR, GBP/INR, and JPY/INR. These trades must occur on authorized Indian exchanges like the National Stock Exchange (NSE), Bombay Stock Exchange (BSE), or Multi Commodity Exchange (MCX).

 Securities and Exchange Board of India (SEBI): SEBI regulates securities and commodities markets, including forex trading platforms. It enforces strict guidelines, such as Know Your Customer (KYC) norms, to ensure transparency and protect investors from fraud. Only SEBI-registered brokers are authorized to offer forex trading services in India.