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Can an individual do forex trading business?

This query is : Resolved 
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(Querist)
10 October 2013 Can any individual do the business of forex trading by taking money from people and investing in Foreign exchange and in return give them interest on such money?

Or there are some restrictions?

Please reply
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Ajay Mishra

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Ajay Mishra (Expert)
10 October 2013 An Individual is not authorised by RBI to trade in forex, because RBI can not control on every Individual who doing forex inflow and outflow in India.


For more, go to the following link:

https://www.marketcalls.in/forex/forex-trading-in-india-legal-or-illegal-a-critical-analysis.html
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Sushant Mahajan

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Sushant Mahajan (Querist)
11 October 2013 Sir please refer this:

https://www.caclubindia.com/experts/can-an-individual-do-forex-trading-business--1472294.asp#.Uld1-lP45q0

According to Mr. Tushar its possible.
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