in which countries is forex trading illegal
in which countries is forex trading illegal
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There are four types of forex lots: nano lots are 100 currency units, micro lots are 1,000 units, mini lots are 10,000 units of currency, and standard forex lots are 100,000 units of currency. Test your forex trading app of choice with a few small test trades before committing to the platform to ensure it can provide the streaming and trading speed you need to complete your forex trades. Engaging in illegal forex trading can lead to severe consequences. As per the Foreign Exchange Management Act (FEMA), individuals involved in unauthorized forex trading can face penalties, including fines and imprisonment. It is crucial to adhere to legal guidelines and trade only through authorized platforms to avoid such risks. Third party platform integrations that have a mobile version for forex trading include: Metatrader (MT4 and MT5), cTrader, Tradingview, Autochartist, MyFxbook and Zulutrade. helpful resources.
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For example, if there is ₹1,00,000 in your account, then you can take a risk on the trade is ₹10,000. Read More. Licenses are issued by various government regulators in different jurisdictions. It is the MISUSE of high leverage that creates problems for retail traders.
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