Trading with SEBI Forex Brokers in India.
India is the second most populous country in the world that is home to one of the largest group of working class people, who have an increased affinity towards investing in the several attractive opportunities available throughout the globe. Forex trading is one of the very new investment concepts in India that was popularized by several brokers promising massive returns with minimal investments. An increasing number of broker scams and financial malpractices, along with the risky nature of Forex trading, has forced the Indian Government to put severe restrictions on the way Indian citizens are allowed to trade in the Forex markets.
The Securities and Exchange Board of India (SEBI) is a Government appointed regulator that received its statutory powers in 1995 to regulate and supervise all financial entities dealing in the securities market. SEBI is responsible for overseeing the activities of brokers, companies, as well as individual investors to ensure that the securities market operates with integrity and transparency without affecting the overall stability of the Indian market. The SEBI is one of the most influential regulatory organizations in the world that takes the matter of regulating the security markets quite seriously indeed. SEBI regulated brokers are routinely audited and supervised for any financial discrepancies, which has resulted in several brokers, investment firms, securities companies, and investors to receive hefty fines and cancellation of licenses due to the lack of adherence to the SEBI rules.