CFD Trading

RBI takes strict measure on Illegal Forex and CFD trading

In a circular issued late on Tuesday, the Reserve Bank of India (RBI) asked banks to advise customers not to undertake forex trading on foreign websites that offer currency contracts by accepting margins through credit card and online money transfer mechanisms.The RBI also asked banks to close the credit card or online bank account of a customer that is found to be in violation of the rule.

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About the Author

    • Rajandran is a Market Analyst and founder of Marketcalls, one of the most intelligent blog in the world to share knowledge on Technical Analysis, Trading systems & Trading strategies.