Disclaimer
WSFx Global Pay does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. WSFx Global Pay especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website. WSFx Global Pay does not warrant the accuracy, adequacy or completeness of this information and material and expressly disclaims liability for errors or omissions in this information and material. WSFx Global Pay is not responsible for any errors, omissions or representations on any of our pages or on any links on any of our pages. Please verify the veracity of all information on your own before undertaking any trade or alliance. These results should therefore be used only as a guide. You can contact or visit our branch in order to obtain the actual rate available at time of exchange.
There are risks associated with utilizing internet. Subscribers are advised to understand that the services can fail due to failure of hardware, software, and Internet connection. WSFx Global Pay hereby expressly disclaims any implied warranties imputed by the laws of any jurisdiction. We consider ourselves and intend to be subject to the jurisdiction only of the courts of Mumbai in India. If you don't agree with any of our disclaimers above please do not rely on information shared on any of our pages. This site is specifically for users in the territory of India.
Although the access to users outside India is not denied, WSFx Global Pay shall have no legal liabilities whatsoever in any laws of any jurisdiction other than India. We reserve the right to make changes to our site and these disclaimers, terms, and conditions at any time. Money exchange rates & its trade is inherently risky and you agree to assume complete and full responsibility for the outcomes of all trading decisions that you make, including but not limited to loss of capital. The information is not meant to be an endorsem*nt or offering of any purchase. They are meant to be a guide only, which must be tempered by experience and independent decision making process of the viewer.
Thus this information is NOT a recommendation or solicitation to buy or sell any of foreign currency. By using this website including any software and content contained therein, you agree that use of the Service is entirely at your own risk and WSFx Global Pay is not responsible thereof.
FAQs
Brokerage. Zerodha Kite is one of India's most popular forex trading platforms, known for its low brokerage fees and advanced charting tools. Traders appreciate the user-friendly interface and the extensive educational resources available.
Who is the No 1 forex trader in India? ›
Shashikant Sharma
Knowing all trading pitfalls and subtle aspects, Shashikant became the richest forex trader in India. At the age of 22, he took the first steps in learning forex. In the course of training, he was failing again and again. But this is the way how he understood the importance of a step-by-step approach.
Which is the best forex trading platform in India? ›
Here's the list of the top forex trading apps of 2024 for the Indian forex market.
- AvaTrade. AvaTrade has been a popular and globally regulated broker since 2006. ...
- Zerodha Kite. ...
- IG. ...
- OctaFX. ...
- Interactive Brokers. ...
- Upstox Pro App. ...
- Angel Broking Mobile App. ...
- ICICI Direct iMobile App.
Yes, forex trading is legal in India, but only through SEBI-regulated brokers and INR currency pairs. 2. What is the best forex trading app in India? Popular apps include 5Paisa, Zerodha, Fyers, and Upstox.
Who handles forex in India? ›
Foreign exchange trading is heavily regulated by three entities: RBI, SEBI, and the Foreign Exchange Management Act (FEMA) 1999. The central financial institution, RBI, analyzes the world's political and economic situations and manages the country's foreign exchange reserves.
Who is No 2 trader in India? ›
Who is king of trading in India? ›
List of Top Traders in India
| Position | Trader |
|---|
| 1 | Rakesh Jhunjhunwala |
| 2 | Radhakishan Damani |
| 3 | Ramdeo Agarwal |
| 4 | Ashish Dhawan |
9 more rowsJun 21, 2024
WSFx Global Pay offers the most competitive foreign currency exchange rates in India. Experience India's leading Foreign Exchange Service and enjoy the advantage of getting the best forex rates available online.
Is trading halal or haram? ›
The permissibility of forex trading in Islam hinges on adherence to Islamic finance principles. In Islam, forex trading is considered haram when it involves interest payments, high uncertainty, or speculative practices resembling gambling.
Is OctaFX legal in India? ›
Is trading in OctaFX like the Forex trading app in India legal? No, it is not legal to trade with OctaFX from India.
Here's what the top brokers offer:
- Zerodha: Comprehensive research reports and educational content through Zerodha Varsity.
- ICICI Direct: Detailed research reports and investment advice.
- HDFC Securities: Extensive market insights and research reports.
- Angel Broking: Offers detailed research and analysis.
A maximum of Rs 180 can be charged as GST for forex transactions of up to Rs 1 Lakh. 2. Between Rs 1 Lakh and Rs 10 Lakh: The taxable value of transactions falling within this bracket is Rs 1,000 + 0.5% of the amount more than Rs 1 Lakh. The tax amount, however, remains at 18% of the taxable value.
Does Zerodha allow forex trading? ›
Open an instant account with Zerodha and start trading today. Yes, Zerodha offers trading in forex (currency). You can trade in currency derivatives at BSE and NSE exchanges using the Zerodha trading account. The customer has to enable the Currency trading segment before start trading in the currency.
Which is trusted forex broker in India? ›
In India, MetaTrader 4 (MT4) MetaTrader 5 (MT5), and cTrader are regarded as the best options due to their user-friendly interfaces, comprehensive toolsets, and proven reliability. Read more about the platforms in our detailed guides on the best MT4 brokers, best MT5 brokers, and best cTrader brokers.
What is India's forex rank? ›
The relative stability of the rupee, despite a stronger US dollar and elevated US treasury yields, reflects the strength of the Indian economy's sound macroeconomic fundamentals, financial stability, and improvements in external position. India ranks fourth globally in terms of FER after China, Japan and Switzerland.
Who controls forex market in India? ›
These regulations in India are governed by the Foreign Exchange Management Act ('FEMA') and the Regulations thereunder. The apex body on these matters in India is the Reserve Bank of India ('RBI') which regulates the law and is responsible for all key approvals.
Who is India's most trusted trader? ›
Rakesh Jhunjhunwala
In addition to being known as "India's Warren Buffet" and "The Big Bull," Rakesh Jhunjhunwala is one of India's most renowned and helpful stock market analysts. Born to a salaried officer, Rakesh entered the stock market after graduating as a contractual bookkeeper. He now trades shares.
Which is the best forex exchange in India? ›
WSFx Global Pay Limited is the best foreign currency exchange in India. Being one of the oldest and most trusted currency exchange companies in India, we provide you with the best exchange rates compared to other foreign exchange service providers, along with 24x7 customer support.
Who is a successful forex trader? ›
George Soros rose to international fame when he broke the Bank of England in 1992. Stanley Druckenmiller worked with Soros on the notorious Bank of England trade. Anthony Krieger netted $300 million for his employer as a result of the Bank of England trade.
What is the salary of a forex trader in India? ›
Forex Trader salary in India ranges between ₹ 2.2 Lakhs to ₹ 37.0 Lakhs with an average annual salary of ₹ 13.4 Lakhs. Salary estimates are based on 28 latest salaries received from Forex Traders. 0 - 10 years exp. 1 - 11 years exp.
