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.

Metatrader 5 now available for IPAD & IPhone Users

Using IPhone or IPAD and also a serious forex trader. Then here is good news for your Metatrader 5 platform is now available for download for IPAD and Iphone users.The Metatrader 5 app is available for iPhone, iPod and iPad. Now everyone can take advantage of the freedom of mobile forex and CFD trading – the terminal can be downloaded free from AppStore.