Does MetaTrader 4 work in India?

Can MetaTrader be used in India?

“After the successful integration of currency segments with MetaTrader 5, we will be extremely happy and excited to integrate more BSE finance instruments with MetaTrader 5. I am sure this is an important and long-awaited development for the Indian community of traders and investors.”

Is MT4 available in India?

Metatrader 4 is simple Charting platform for all types of traders and brokers. Metatrader 4 is customizable platform with advance technical tools & Coutomized Indicators Template features, In India it is available for charting purpose.

Which Indian broker provides MT4?

India Forex Brokers List

Broker Detail
FXCC Min. Deposit: No minimum deposit Max. Leverage: 1:30 | 1:500 Trading Platforms: MT4 Regulation: CySEC, VFSC FXCC Review
XM Min. Deposit: US$5 Max. Leverage: 1:30 to 1:888 Trading Platforms: MT4, MT5, XM WebTrader Regulation: CySEC, ASIC, IFSC XM Review

Can we use MT4 for NSE?

First Charting MT4 Platform for NSE Cash , NSE Futures, NSE Options and MCX, NCDEX Markets.

Is forex trading in India legal?

Although Forex trading is permitted in India, citizens are not permitted to do so via electronic and online Forex trading platforms. … In India, however, it is only permitted and considered legal when conducted through specified Forex trading places with the base currency being INR.

IT IS INTERESTING:  Is the Indian Ocean an ecosystem?

How can I trade forex in India?

This piece aims to serve as a trading guide for beginners.

  1. How to trade forex in India? – …
  2. Step 1: Open an account with an exchange regulated broker. …
  3. Step 2: Verify your account. …
  4. Step 3: Deposit funds in your account. …
  5. Step 4: Access the trading platform. …
  6. Step 5: Start placing trades. …
  7. Important Things to Remember. …
  8. Final Words.

Is Meta Trader free?

Considered the gold standard among trading platforms, MetaTrader 4 is a free platform for trading forex and other financial instruments such as CFDs, futures, indices, commodities and cryptocurrencies. MetaTrader4 is available for retail traders through specific brokers, which individually license the platform.

How much does Amibroker cost in India?

Amibroker software license – There are 3 versions: Standard Edition: Rs 12500, Professional Edition: Rs 17600, Ultimate Pack Pro edition: Rs 25800.

Is Olymp trade legal in India?

Olymp Trade is one of such good brokers. As a result of our review, we can promise you that Olymp Trade is legal in India and there are no bans or restrictions. Olymp Trade is a regulated company with millions of customers. The platform gives you the chance to earn money in the financial markets.

What is punishment for forex trading in India?

At this juncture, it should be duly noted that under the Foreign Exchange Management Act (FEMA), 1999 or FEMA Act, one can face imprisonment or be imposed with a fine for forex trading done illegally in India.

Is Octafx legal in India?

“What if trade Forex using OCTAFX ?” … Trading non-INR Forex pairs are illegal in India under the FEMA act. So, the government has not forbidden Indians to trade Forex. They have limited trading for Indian residents to only trade currency pairs bench-marked against INR (Indian Rupee).

IT IS INTERESTING:  Your question: Which Indian food is low fat?