Best and Legal Forex Trading Brokers in India
There are many best and legal forex trading brokers in India. It is always hard to find the best forex broker. Especially in a country like India where we face different kinds of regulations and legalities. Here, Exness plays a significant role. Exness stands tall over all legal forex trading brokers in India due to its reputation, trust, and reliability. Many forex traders have gained profitable trading experience with Exness.
Legal Control of Forex Trading In India
Before we dive into the specifications of Exness broker let’s discuss the legal framework of forex trading in India. The foreign exchange market operates under the Reserve Bank of India (RBI) and the Securities Exchange Board of India. Forex trading in India is regulated by major authorities like the Foreign Exchange Management Act (FEMA),1999. It controls all foreign exchange transactions.
As per the regulations of FEMA Indian citizens are allowed to trade in currencies. They can only trade those currencies that are listed on the advised stock exchanges. Whereas trading in forex currency pairs such as AUSD/USD, NZD/CAD, etc is restricted to trade through authorized brokers and dealers.
Which Forex Broker is Legal in India? A Trusted Name Exness
Exness has gained a high reputation in the last years through its transparency, integrity, and professionalism. Exness is one of the regulated brokers by the following bodies:
- Cyprus Securities and Exchange Commission: Exness is controlled and regulated by CySEC.It also ensures compliance with European Union financial regulations.
- Financial Authority: Exness (UK) Ltd is controlled and regulated by the FCA. It assures forex traders of the safety of their funds and operations.
Wide Scope of Trading Instruments by Exness Legal Forex trading Brokers in India
Among all legal forex trading brokers in India Exness also provides traders with a vast range of trading instruments. It also includes minor, major, and exotic currency pairs. Moreover, It also involves commodities, cryptocurrencies, and indices. Exness also provides you with tight spreads and adjustable leverage options. Exness is highly suitable for both beginners and experienced traders.
NO 1 Ranked Customer Support/ Live Chat
Exness broker always focuses on the satisfaction of their customers. That is what they offer you customer support in different languages. The support is provided with a 24/7 approach. If you face any kind of difficulty then you can immediately contact their live chat. Live chat customer support representatives will always be there to help you with trading matters.
Note: A maximum number of forex trading brokers do not offer live chat support that’s why I rank Exness at the top.
How to Start Trading With Exness: Your Legal Forex Trading Brokers in India
- Open an Account: We have given the link below that will lead to the official exness website. All you just need is to complete the registration process and provide the required documentation so that your account can be fully verified.
- Fund Your Trading Account: After the verification then you should make a deposit and the excess broker allows you to fund your account with various payment methods.
- Download Trading Platforms: You can download Meta Trader 4 and Meta Trader 5 platforms that fit your device and you are ready to start trading with confidence and ease.
Exness Broker Awards
- Best Forex Broker: Exness has received an award from the high authorities as the “Best Forex Broker” due to its excellence and performance in forex trading.
- Customer Satisfaction: Exness has also received the award for “Best Customer Support”. With no doubts, they have worked day and night to meet the needs of forex traders worldwide.
Negative Balance Protection
Exness focuses on the safety of client funds that’s why they offer negative balance protection. This great feature helps traders to make sure that they do not lose more than their initial investment, especially in volatile market conditions. Negative balance protection always provides traders with peace of mind and the level of protection that Exness provides in extreme market movements.
This feature is especially great support for novice traders who are still learning the forex market and sometimes they are not able to handle emotional decision-making. So Exness has provided this safety in the best interest of their traders.
Out of the Boundary Services:
- Educational Resources: Exness provides a lot of knowledge to traders through webinars, tutorials, and market analysis so that traders can succeed in making a career in forex trading. They conduct weekly and monthly webinars where experts guide newbie traders with a great sense of trading.
- Social Responsibility: Other than being a broker Exness also supports a lot of charitable projects around the world for the betterment of humanity and it also invests in the development of the community.
Understanding Exness Social Trading
Exness social trading is a platform where traders are able to connect and interact with experienced traders and they can maximize their returns in this way.
Copy Trading:
One of the powerful services of Exness forex broker is social trading where you can copy the trades of senior traders automatically. This helps the newbie traders to understand and analyze the market with a pro approach.
Transparency and Accountability:
Exness provides you with the best transparency because it gives access to the trader’s real-time and historical performance statistics for each signal provider. It also shows the drawdown, win rate, and relevant information about the signals provider.
Time-Saving:
Forex trading is a time-consuming job where a trader always needs to make a market analysis before making trading decisions. Exness Social Trading saves the time and effort that a trader puts on screen. All you just need is to find the right trader for you and start copying his signals.
Conclusion:
Finally, when we discuss the legal forex brokers in India then we can say with no doubt that Exness is a reliable and trustworthy broker for choice. Exness provides us with the best trading conditions and it’s the best match for forex traders in India who are looking to achieve their trading goals.
Join Exness today and experience a joyful experience and limitless possibilities in the world of forex trading.
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