Full-Time Forex Trading in India

[Quickrider9645]

Q

Quickrider9645
PARTICIPANT
May 1, 2025 at 4:53 pm

Hi everyone**,**

I’m looking for some general legal advice regarding my situation with forex trading in India. I’ve been trading with an international broker (Exness) for the past year, and so far, all my deposits and withdrawals have gone through without any issues. These amounts have been relatively small, never more than ₹50,000 per transaction.

Now, I was always serious about pursuing trading full-time and have worked day and night to create a profitable system to trade gold (XAU/USD). But, I am aware that forex trading with overseas brokers is illegal in India under the FEMA Act.

My questions are:

* Is there any **legitimate way** to bypass the FEMA regulations to continue trading with international brokers while residing in India?
* I am willing to pay all applicable taxes on any profits I make. How would I legally declare this income in India, considering the restrictions on such trading?
* I am also considering the possibility of moving outside India to pursue full-time forex trading legally. If this is the only viable option, which countries would you recommend considering factors like legal environment, cost of living and ease of obtaining residency.

I understand that this is a complex issue, and I am looking for some general guidance and insights before I seek professional advice from a CA or a lawyer.

Thank you so much in advance for any help you can offer!

Share

[Gopalguy337]

G

Gopalguy337
PARTICIPANT
May 1, 2025 at 5:02 pm

thanks to sitaraman and das, you cannot decide where to invest your own money. they will tell you. forex trading is banned in India for retailers unless they are into hedging or foreign exports, imports.

Share

[Author]

Posts