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Q.forex trading
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Q. forex trading

according to FEMA forex trading using on online platform using international brokers is illegal. As RBI doesnot want individuals to send money outside of country for currency margin trading.
But there are some international brokers organize contests on forex trading and binary options trading by opening an no deposit account. They provide free credit to participate.
1. Is it legal to participate in those contests and collect the winnings to indian bank account? prize money over 1000$ USD.
1. Can i use that money to further invest in forex trading in their online platform?
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A. When the such trading is itself illegal then you cannot contest and collect winnings.

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Categories
Administrative Law (467)
Adoption (125)
Advertising (59)
Animal Laws (40)
Arbitration and Medi... (50)
Aviation (16)
Banking (591)
Bankruptcy and Debt (201)
Cheque Bounce (423)
Child Custody (166)
Civil (2152)
Commercial (93)
Consumer Protection (582)
Contracts and Agreem... (486)
Corporate and Incorp... (114)
Criminal (1681)
Customs, Excise (42)
Cyber, Internet, Inf... (349)
Debt and Lending Agr... (79)
Debt Collection (178)
Divorce (664)
Divorce and Separati... (1600)
Documentation (314)
Domestic Violence (645)
Election Campaign an... (23)
Employment and Labou... (1168)
Environment and Natu... (31)
Equipment Finance an... (3)
Family (2056)
Financial Markets an... (101)
Government Contracts (57)
Human Rights (278)
Immigration (56)
Industrial Laws (66)
Insurance (81)
Intellectual Propert... (110)
International Laws (12)
IT Contracts (54)
Juvenile (17)
Landlord and Tenant (625)
Licensing (21)
Mail Fraud (18)
Maternity (61)
Media, Communication... (16)
Mergers and Acquisit... (20)
Military Laws (15)
Motor Accident (144)
Muslim Laws (60)
Outsourcing Agreemen... (5)
Partnership (64)
Police Laws (64)
Power of Attorney (75)
Privacy (97)
Property (3011)
Real Estate (433)
Registration (139)
RTI (111)
Sale (57)
Sale of Goods (20)
Sex Crime (142)
Sexual Harassment (6)
Sexual Harassment at... (69)
Software License (4)
Tax (19)
Tax-GST (10)
Tax-Income Tax (26)
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