Higher trading volumes. However, until and unless a clear line is drawn which will become evident only after the Ripple Vs SEC suit, the government can take necessary collective action. Hence, forex trading is the process of exchanging one currency for another. 2 with fixed. You will then predict whether the price will rise or fall (UP or DOWN) with this fixed timeline. Stock trading and Forex trading although are two completely different styles of trading, many traders create their trading portfolio by being part of both these markets. For such instances, regulatory. 9. The exchange can be performed for various reasons, such as fostering international trade, tourism, or commercial purposes. However, when done through specific forex trading systems and with INR as the foundation currency, forex trading is considered legal. It is usually explained as a subset of algorithmic trading that uses “latency-sensitive strategies”, “co-location”, “high-speed networks”, and deploys technology to place orders and execute it as trades in a fraction of a second. Welcome! Log into your account. Customer Support. Watch this video guide to effectively trade with the Relative Strength Law trading strategy in Olymp Trade’s FTT mode! Chasing the Trend. XM Forex – Demo account with $100,000 of virtual balance. The legislation is set to replace the principal act,. The 2018 note had forbid banks from facilitating such transactions, but has. Zerodha. High-Frequency Trading ( HFT) is a wide term with no precise definition in any statute. Companies, individuals, and investors must be aware of these regulations, comply with them, and report any. Just follow the instructions below. Fixed time trading requires a prediction about whether the price of an asset will increase or decrease within a fixed period. Crypto trading is legal in India. Equity Trading, US Stocks, Direct Mutual Funds with Zero-commission. In India, you can only trade via registered exchanges, and you cannot finalize spot transactions. Fixed time trading is a straightforward concept that involves predicting whether a price will rise or fall within an agreed time period. Fixed-Income Trading. Specter io. Anda bisa kehilangan investasi atau mendapatkan laba atas. We would have to. The final redemption date is November 30, 2023. 3. Yes – however,. If you have a laptop or a smartphone, you can get started with a forex trading platform. The best time for trading in India is between 9. One of the primary implications of longer trading hours could be a rise in trading volumes. This means that forex traders in India cannot use any of the major global forex trading platforms, such as MetaTrader 4 or 5, which support trading in multiple currencies. Unlike currency trading in India, which is strictly regulated by the Securities and Exchange Board of India, Indians dealing binary has no similar legal constraints. 15 maximum brokerages. 2023 Morgan Stanley Early Careers Amplify Trading Event - 7th December. 30 pm on a daily. k. Q. Despite missing regulations from SEBI or any other principal regulatory authorities, it survived the market and continues to evolve even more. There are many types of trading, but FTT is unique, as it gives the trader the option to make a good return on investment (ROI). On the contrary, 2020 has been the most exciting year for India’s crypto landscape witnessing tremendous growth in the number of investors who have started trusting Bitcoin as an alternate asset class. Derivative trading in India takes can place either on a separate and. 30AM. The latter allows users to set trade durations, with the trade interval or duration ranging from 1 minute to 24 hours. If a trader wager trading in the right direction he will receive definitely fixed returns within a stipulated time period. When it comes to the point that whether it is legal or not then Yes!! Scalping is a legal strategy as there is no federal law against it. It is essential to conduct thorough research. AlgoNomics – Best for using Multiple Trading Strategies. Unlike China, India hasn’t created any regulation that. 2] Partnership for a Fixed Term. Crypto trading platforms like WazirX, CoinDCX, Zebpay, etc. 121. Their minimum $10 deposit and $1 trades means that the service is accessible to anyone who wants to trade and their education service supports their commitment to new traders as one of the best brokers. On Olymp Trade, go to Assets -> Fixed Time; Select an instrument from the list. These regulations aim to ensure fairness, transparency, and investor protection in the securities market. Octa – Best for Indian audience. While the question of whether it is unlawful to trade binary options in India is widely questioned within the Indian internet trading world, the response is a clear “No. eToro – Best Online Trading Experience. Let’s assume gold is presently priced at $1,900 (roughly 140,000 INR) and you believe it will rise to $1,950 by the end of the day. The SEBI (Prohibition of Insider Trading) Regulations. However, traders should be aware of the potential risks associated with offshore trading platforms, including the lack of regulatory oversight. Enter the desired trade amount. The India National Stock Exchange does not close for lunch. It has started support in the Hindi language for Indian traders. Nuvama mobile trading app has a significant presence in retail mutual funds and stock market trading. No clear laws and regulations exist to monitor Bitcoin as of April 2022, but the Government has imposed a 30% flat rate of crypto tax on gains from the transfer of cryptocurrencies in India. To better illustrate why Olymp Trade does not need to charge fees while not being a scam: two traders are placing opposing Fixed Time Trading on the platform; Charlie believes the price will go up. Fixed time trade, or FTT, is a type of asset trading where the time is fixed. Traders from India can contact support on 800 443 0002 from 1030 to 1930 IST in the Hindi language. 2. They are Pre-opening, Regular trading and Post closing. Conclusion. Supreme court has allowed citizens to buy/sell cryptocurrencies like Bitcoin, Dogecoin, etc. FEMA states that trading in foreign currencies is allowed in India with certain restrictions. Iq Option. Is forex trading legal in India? A. The discount amount, INR 20,000, is distributed equally amongst all the 20 members, after. A. XTB – Lowest Overall Costs in Indian Rupee. The India National Stock Exchange does not close for lunch. Yes, leverage trading is halal in Islam. Hence, it is paramount to have a good internet connection. The above follows immediately from expressions for the Laplace transform of the distribution of the conditional first passage time of Brownian motion to a particular level. Anyone residing in India is prohibited from trading in overseas foreign exchange market and the RBI has repeatedly warned banks against transactions made. Debentures are like bonds. 30 PM. The RBI is responsible for managing currency exchanges and brokerage firms under the FEMA Act of 1999. High-quality/Legit products are offered by legal MLM companies to their customers, and, these products are backed by certificates of quality. Step 1: Get a Reliable and Fast Internet Connectivity. 1. Updated: 18 May 2023 7:58 pm. Yes you guessed it right, Indian YouTube channels do promote these binary trading apps in their video - without even knowing whether it’s legal and legitimate. The regulator late on Monday told banks not to cite a 2018 central bank circular as a reason to hinder crypto trades. 3. Traders have the choice of five account types, including an exclusive HFcopy account. As at 31 March 2021, the Financial Conduct Authority (FCA) had 17 market manipulation cases open according to its 2020-21 Annual Report (see. OctaFX Forex Broker. eToro – Great for multiple trading assets options. 2023 Investment Management Off-cycle Internship - Real Estate Investing (Madrid) Madrid. The platform was established in 2013 and offers a wide variety of trading instruments. Trading currency derivatives is completely legal in India and a forex. 2. During that period, we need to predict whether the asset price will rise or fall according to the market. This comes at a time when India has. This would mean the partnership was created for a fixed duration of time. Celebrities also promoting: Well. B. Forex trading is legal in India and can be done through SEBI-authorized brokers like Dhan. It is an official and legit business based in Saint Vincent and the Grenadines. Forex trading is a competitive market; staying ahead is necessary to grab a desirable trade. Due to that fact, so many FTT brokers have cropped up in the Indian market. Binomo is a legit company that offers secured and trusted services to more than 100 countries, including India. FP Markets – Excellent Technical Tools. Olymp Trade is a massive player in the fixed time trading marketplace, and their seamless platform and competitive rates of return are excellent. You can even buy stocks with 0% — which is why some consider it the best stock market app. Halal brokers offer trading accounts that aim to comply with Islamic principles. MUMBAI | BENGALURU: Crypto currency companies are expected to revive plans to invest and expand their business in India following a Supreme Court verdict overturning a Reserve Bank of India notification that had restricted banking access for virtual currency trading. Muchos inversores novatos han generado grandes ganancias en períodos de tiempo verdaderamente cortos. If done through a registered broker, traders can. Tribal uprisings. Trade Ideas is the leading AI trading software for finding day trading opportunities. Fixed Time Trade is a trade with a financier to fix the exchange rate of a currency pair or other asset. Ans. Online tutoring jobs allow you to make extra money from home. Binary options are not promoted or sold. Quotex is one of the leading Fixed Time Trading brokers founded in 2019 that provides online trading on a custom-built web platform. 00325% of the total amount is charged by the National Stock Exchange, while a transaction fee charged by the Bombay Stock Exchange amounts to 0. 1 and the financial service closed more than 35,450,900 trades. Yes, forex trading is legal in India and can be done through recognized brokers like Dhan. A flat 30% tax rate is applicable on income made from Cryptocurrency and other VDA’s. However, there is no need to be disappointed; here are two options for you to trade Binary Options and Fixed Times Trades in India. Insider trading is one such way of investing and earning gains which is illegal in the eyes of law of the land. Choose a trade amount. In. FXTM – Best for fast trading platforms. The foremost step for forex trading is having a quick internet connection that ensures zero to minimum latency. Intraday trading is the practice of buying and selling stocks the same day you purchase them. You can understand it more simply as: You choose a specific timeline in the future. 6. or Relevant Authority and/or SEBI from time to time. Now a professional trader, Helmi has made most of his profits by trading currency pairs in Fixed Time Trades mode. The situation in India is the same as in most other countries. This will allow you to use the latest trading software. Unlike equities that come. Legal Status of Olymp Trade Trading in India; Is it safe to deposit money in Olymp Trade India? How does Olymp Trade Trading Work in India? Is Olymp Trade Legal in India? Yes. securities of selected companies can be ordered even aftermarket closure. Forex trading is legal in India, but there are restrictions in place to prevent currency speculation and protect the country’s economy. m. Some websites (blogs) says that it is not technically illegal. It's a type of trading that involves predicting equity prices. Through forex trading in India has legal sanction, there are strict rules that govern currency trading in India. New Delhi, UPDATED: Dec 10, 2021 16:09 IST. Trading of cryptocurrencies is allowed in India and a tax of 30% is charged on them. The answer is yes. On the one hand, the reward might be worth it. Despite the tax implication, the legality aspect of Bitcoin and cryptos hasn’t yet been discussed. Binance: The world’s biggest cryptocurrency exchange by trading volume also accounted for a hefty $58 billion of the total trading volume in Bitcoin perpetuals and futures. Dictionary meaning of ‘binary’ suggests where a moment involves two or composed of two, in simple terms it can be expressed as true/false, yes/no or 0, 1 i. Close monitoring of global macro-economic indicators, a must. By far, one of the biggest disadvantages is that a good number of robots in the market are scams. ) using secret or unpublished price-sensitive information (UPSI). Glasgow. com. The India National Stock Exchange does not have. CoinDhan P2P helps you Buy and Sell USDT for Fiat directly with other Buyers & Sellers. The payout for Binary Options with Olymp trade is up to 90% for a winning trade. In Indian standard time (IST), from 2:30 am IST on Monday till 1:30 am on Saturday. Stock DMAs. But, as an Indian forex trader, you can play with currencies only from 9:00 am to 5:00 pm. Therefore, the total tax liability of the trader including income tax on intraday trading profit: Total tax liability = Income Tax + Capital Gains Tax = Rs. 2023 Morgan Stanley Early Careers Amplify Trading Event - 7th December. 1. To make sure you stay on the right side of the law, we’ll introduce 3 sub-sections. The Currency Trading Exchange or you can say Forex Trading Exchange is probably the most dynamic market in the world. SEBI is the market regulator for forex trading in. 3. In Fixed Time Trading, you are making predictions about the price movement of various financial instruments such as stocks, metals, cryptocurrencies, currency pairs, and indices over a fixed duration of time. 7/5. in your language. This means that any money lost by the customer is equal to the profit of the platforms. Menu for choosing an asset to trade. India. If you are a resident of India and are trading through. Pepperstone is an ECN broker; ECN brokers don’t trade against their clients, and all trades go straight to the Forex and CFD market. FTT is a trading prediction that predicts whether an asset's price will rise or fall over a given period of time. A bench of Justices DY Chandrachud and Surya Kant, which was dealing with a case related to the quashing of multiple FIRs registered against one Ajay. One of the main regulatory restrictions on forex trading in India is the prohibition on trading currencies other than the Indian rupee on forex trading platforms in India. Started in 2010, Zerodha popularized the concept of the discount brokerage in the Indian equity market with a no brokerage model for investors and a flat Rs 20 per. XM - Low stock CFD and withdrawal fees. Here are some advantages of day trading for a living: You can control your own time. Just like in any form of trading, you have two options to choose from. Day traders may need to declare that they have business income as opposed to capital gains. – 3. 5 million traders from all over the globe. You can make a profit if your prediction is correct, or lose your investment if your prediction is wrong. This algo trading software is a user-friendly and secure platform for sending automated trading instructions to your preferred exchanges. This platform charges $10 as a monthly fee if the trader does not execute any transactions for more than 180 days. Even though the strategies made for the usage of Forex in India are managed for the safety of its people Traders are always confused about forex. These come from SEBI, the Indian government, and RBI. That said, India’s market hours for forex trading are 9. Intraday trading is the practice of buying and selling stocks the same day you purchase them. Mar 17, 2023 #forex, #forex broker, #Forex Review, #forex trading, #India As the forex market continues to grow in popularity among Indian citizens, It is noteworthy that in India, the majority of forex brokers are subject to stringent regulations imposed by the government, resulting from various restrictions. Olymp has two catagories - fixed time trading and forex trading According to LRS or FEMA, is it legal to trade on olymp including legal deposit and withdrawals into bank. This waives their rights to regulatory protection, and means binaries are free to be used again. Is forex trading legal? Understand the legal framework of Forex and how it affects your investments. 10. If their complaint is deemed to be valid, traders can get up to $20,000 from the Compensation Fund. These regulations aim to ensure fairness, transparency, and investor protection in the securities market. In terms of the ongoing COVID-19 pandemic, the State Bank of India has reported that India has dealt with cases better than expected. Over the last two decades, the government securities (G-Sec) market has witnessed significant changes like introduction of an electronic screen-based. of a foreign company in India, which is incorporated under the laws in India, to the foreign company incorporated under laws of a country outside India, will hit by condition (v) of sub-section (6) of section 2 of IGST Act. FP Markets , ECN trading with leverage up to 1:500. The Reserve Bank of India on Wednesday extended trading hours for various markets regulated by it. Quickly develop and deploy trading strategies, reacting promptly to market conditions for optimized performance. An unregulated crypto market is unfavorable and risky even when the government wants to. As a result, you are exempt from paying capital gains tax if you made money trading commodities in India. Minimum amount to start trading is $10; Free Demo Account; Customer support in local languageFixed Time Trade (FTD) is a form of trading with a fixed timeline of your choice. Brokers or their authorized persons or any of. The fixed return is the highlight of this trading and is legal in the forex trading market. Share via: Indian Forex Trading is illegal for NRIs:. They are Pre-opening, Regular trading and Post closing session. As the name suggests, insider trading refers to when an individual trades in the market on the basis of confidential information they get about the listed company because of the nature. 075% for traditional futures. AvaTrade offers trading in over 55 different Forex currency pairs, 17 commodities, 20 equity indices, 14 cryptocurrencies, plus 66 individual stocks and shares. Forex trading in India is legal, but with some restrictions. Low to zero. An average scalper may use the 5-minute and 15-minute charts. 9 provided that the securities of such body corporate, fund or other entity are admitted to deali ngs on. HFM – High Indian Trust Score. There are many types of trading, but FTT is unique, as it gives the trader the option to make a good return on investment (ROI). The India National Stock Exchange does not have. Regarding the fees for perpetual contracts, it is broken down between maker fees and taker fees with different amounts of available leverage. Still, it is very reasonable to use a money management system. 2 bonds and 6 ETFs are also on the menu. Fixed Time Trading / Forex Options / Fixed Time Contracts Philippines. Put options, on the other hand, allow you the right to sell something in the future. This material is not intended for viewers from EEA countries. It offers advantages such as higher accuracy, faster execution, lower costs, increased liquidity, and reduced risk. 40 p. Perlu diingat bahwa perdagangan online sangat berisiko. Is Forex Trading Legal in India? Answered as the main commodity that is widely traded around the world is currency. It has mobile (Android & iOS) applications as well. Insider trading is illegal when a person associated with a company indulges in trading using confidential, non-public information, which can affect stock prices. You can trade in 28 different currency pairs on OctaFX alongwith 2 metals and 4 indices. Under Australian law, only brokers. Step 1: Firstly, download the crypto platform. These include the immediate execution of trades, immediate settlement of transaction costs and zero interest rates on trades. New Delhi, UPDATED: Dec 10, 2021 16:09 IST. Therefore, yes, it is legal to trade using Pocket Option in India. 15AM, the first few minutes may be volatile due to price adjustments. 15 am to 3. Among others like Binarium who are barely 2 years old in the industry. Insider trading refers to the act of trading a company’s securities (e. Quick facts for Indian traders: Expert Option is legal in India. Pocket Option values customer service. 277500. The Reserve Bank of India (RBI) regulates Forex trading and sets rules for authorized dealers and money changers. No commission on deposits and withdrawals and the best exchange rate among Forex brokers are always at your service when you trade with us. OctaFX — offers Forex and CFD Trading. eToro is a social trading platform that is widely considered to be the best OTC trading platform. Bonus deposit – Yes. Copy Trading is the method in which trading signals are copied from one trading account to another trading account by authorising them using APIs. #1. Visit Now! Request Consultation. Means, according to SEBI circular 2017 (link at the bottom. rose to prominence in a short amount of time as a well-known stock trader and self-made millionaire At just 22, he is a successful day trader. API Access: Nuvama API Connect. Zerodha KITE: without doubt, KITE is the best trading platform in India for web and mobile from the No. Founded in 2009, XM is one of the most well-regulated brokers in the Forex industry and offers CFD trading on Forex, stock CFDs, commodities, equities, precious metals, energies, and shares. Sale fixed at a future date, for a prefixed price and quantity of commodity. Open your free trading account with IQ Option now. Synopsis: Is Cryptocurrency Legal in India in 2022. You can trade in 28 different currency pairs on OctaFX alongwith 2 metals and 4 indices. The latter allows users to set trade durations, with the trade interval or duration ranging from 1 minute to 24 hours. Reviewers satisfied with Olymp Trade most frequently mention fixed time, trading platform, and demo account. We would like to show you a description here but the site won’t allow us. Call options are futures contracts that offer the buyer the right but not the obligation to purchase the actual stocks or index. There are three preferable time slots for investors in India to trade according to seasoned global traders, falling between the hours of 5 am – 12 pm, 12 pm – 7 pm and 7 pm – 5. Start Online Investing in Stocks and Direct Mutual Funds with India's Leading Investment and Trading Platform - Groww. 262,500. Unlike China, India hasn’t created any regulation that. It is not legal for Indian forex traders to engage in spot currency transactions. Halal brokers offer trading accounts that aim to comply with Islamic principles. However, an audit is compulsory if your annual turnover (generated by scalping) is increased by more than 1 crore. 15000 = Rs. According to the RBI,. CMC Markets - Low forex fees. Secondly, the trading conditions it offers don't lag behind contemporary standards, and sometimes this broker even outruns competitors. Investors seeking to invest in bank fixed deposits for a longer period may consider a ladder strategy. We hold ourselves to the highest standards of corporate governance, financial reporting and disclosure. Trading stocks and forex can be halal if done correctly. In view of the difficulties being faced by the trade andStep 3: Sign-up for an Account. 18. AMC for the Year start with only 18 INR. The underlying asset can be securities, commodities, bullion, currency, livestock or anything else. You must, however, ensure that you are compliant with the rules,. The good news is that copy trading is legal in most countries, including UK, USA, Australia, Singapore and within the EU. The world is spread across various time zones. your passwordQuotex India - Online Trading ReviewIs Quotex legal in India - Quotex India Review Quotex is one of the leading Fixed Time Trading brokers founded in 2019 that provides online trading on a custom-built web platform. The brokerage charge while trading with these discount brokers is way lower compared to the traditional brokers in India like HDFC Securities, ICICI direct, SBI cap, Sharekhan, etc. They may or may not possess confidential non-public knowledge regarding the firm. Fixed Time trading is just another name for binary options trading. Applying research and technical analysis can give. Now, it’s time to look at the finer details of India’s fox market, starting with the rules & regulations set by SEBI and RBI. So far, the broker has maintained an excellent reputation not only in the country but worldwide. D. Digital Options trading or Binary Options trading is getting new names to attract more and more traders. 2024 Investment Banking Internship Program (Mexico City) Mexico City. Algo Trading Software in India - Algorithm trading is a method of executing trades by feeding instructions to a computer program that follows a predetermined set of rules. Indian traders accepted – Yes. 2020 – The Supreme Court of India quashes that ruling and opens the door to crypto exchanges and crypto brokers supporting trading in the country. See moreLegal Status of Olymp Trade Trading in India; Is it safe to deposit money in Olymp Trade India? How does Olymp Trade Trading Work in India? Is Olymp Trade Legal in India? Yes. Transaction charges are charged on both sides of trading by the stock exchanges. While it has its detractors, the general consensus is that algorithmic trading is an inevitable evolution of the trading process. You may unknowingly have participated in the market by buying foreign products or exchanging money during foreign travel. The best trading application :Quotex app link : The best trading application :Quotex app link : may look to a newbie to be a reliable and efficient way to profit, which is why it appeals to so many traders, but there is much more to Intraday than catches the eye. Set the time frame you want your trade to last. Contract between Buyer and Seller of the commodity. Yes, Binary Options trading is legal in Nigeria. Get Directions. 3. The answer is yes. Platform Perdagangan Waktu Tetap. The expression “derivative” indicates that it has no independent value. Typically, ROI from fixed time trading ranges between 80% to 90%. 4. Research and Analysis: Many trading apps offer research tools, news, and real-time market data to help users make informed investment decisions. From market knowledge to trading and technical analysis strategies, this eBook covers all the. In the rolling settlement, if it is not closed on the same day, then it goes to compulsory delivery. With Olymp Trade, you can spend less and gain greater. Total. Monthly Fee. In India, forex trading is permitted, but it comes with certain restrictions. Company rule in India (sometimes Company Raj, from Hindi: rāj, lit. Whether your deposit has failed or you are having withdrawal issues, you can get in contact with the online broker. The principal law in India controlling income tax on earnings from dealing in commodities is this one. It has been there since. 30 p. The Securities and Exchange Board of India (Sebi) has proposed a fresh regulatory framework for algorithmic trading or algo trading by retail investors. The fixed rate of the equalisation levy is 2%. They added that trading virtual currencies in Poland does not violate national or EU law, however, having virtual "currencies", involves. In India, the Reserve Bank oversees foreign exchange transactions while the Securities and Exchange Board of India (SEBI) is the principal regulator of the stock market. This fixed time trading strategy can be used for timeframes ranging from 10 minutes to one hour, and the duration of the trade should be three times longer than the chosen timeframe. Sin embargo, la realidad del trading es que son pocos los inversores que realmente obtienen ganancias mientras. Here is our list of the best forex brokers in India 2023. In the following, we will explain to you exactly how trading with Fixed Time Trades is working. "It has now been decided to restore market hours in respect of call/notice/term money, commercial paper, certificates of deposit and repo in corporate bond segments of the money market as well as for rupee interest rate derivatives," RBI said in. BusinessToday. On the one hand, the reward might be worth it. m. 2. , once the stock market closes for the day. RoboForex — supports Forex, stock and crypto trading. It is a type of trading in which the trader does not buy or sell the underlying asset. Step 3 – Learn the basics of Forex trading through online resources. 14 NewThe Foreign Exchange Management Act (FEMA), set forth by the Reserve Bank of India, is the legal framework for forex trading in India. #3. Opening a trade in the Olymp Trade Fixed Time Trading mode is easy as you have only a few parameters to set. All rights reserved. 30 – 10. BlackBull Markets , Best ECN trading environment, with. Trading FTT with Binomo is safe and secure in India, and there are numerous excellent testimonials on the internet and in reputable forums that can attest to. FXTM – Low INR Minimum Deposit. Backed by superior research, the Saxo bank trading platform is. Fixed Time trading is just another name for binary options trading. Intraday trading is not for the faint of heart, particularly for beginners. In China, it is legal to trade currencies, but you cannot open an account with a foreign broker. Here are the global forex market timings in IST. All rights reserved. Closure of the company under the aforesaid Act and Code can be. Hence, the binary trading option in India is good for nothing. Choose a trade amount. User-friendly interface. 15 a. Currently, Olymp Trade India has a community of over 25,000 active traders. In fixed time trades trading, the risk is fixed at the time of order execution and limited to the amount of your investment. TradeTron Tech – Best for Event & Quant Based Algo Trading. Prohibitions on trading in binary options or forex trading in India are also present in the Foreign Exchange Management Act (FEMA). in India are witnessing a big leap in volumes. Forex Currency Trading Times In India. Thanks to. Binary Options and Fixed time trading have an expiry of 30 seconds, hours. Trading foreign exchange in India involves quite a few limitations and legal issues. The recommended timeframes for this strategy range from five minutes to one hour. Octa – Best for Indian audience. Is forex trading in India even legal? First off, yes—forex trading in India is legal —with some restrictions, of course. There are two trading modes on Olymp Trade: Forex and FTT (Fixed-Time Trades).