Although outward remittance for FX purpose is illegal in India,Karthik Subrmaian tries to take out money from India to his BNZ account
http://www.traderji.com/forex/72000-new-broker-looking-ibs-highest-payout-regulated-well.html
 New Broker Looking for IBs..Highest Payout..Regulated as well..
Hi,
I am an IB with a broker based out of NZ...very honest one with good methods for depositing and withdrawing your money even though you are in India...They give a rebate of 1.0 pips to the IB for every trade made by your trader...Looking for a huge plan to expand into India and hence looking for IBs...anyone interested can reply in this thread or send me a PM....
Re: New Broker Looking for IBs..Highest Payout..Regulated as well..
of course, at the end of the day, FX trading is not allowed in India...so whichever way u take out the money and deposit with ur broker, if someone is bent on getting u into trouble, they can...its as simple as that....in that case, why have a FX board in traderji and why discuss about it at all? or for that matter, does all this mean that no one trades fx in India? there are thousands and thousands of people trading FX in all tier-1 and tier-2 cities....thats a fact...
as for this broker, they are registered and regulated in NZ....they have 3-4 methods for taking out the money from India, including wiring from bank, local deposits etc....they are STP....NDD as
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well..
http://archive.is/pd6kx
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