Is forex banned only in India or also for Non residing Indians?



Is forex banned only in India or also for Non residing Indians?
I know Forex trading is banned in India. But is it banned also for NRIs? (Non Residing Indians) I’m in India and I can’t trade. But my friend in Australia can trade although he’s an Indian by citizenship isn’t it? So If I invest with him, he can trade and send me my profit share through Western Union Money Transfer right?

Best answer:

Answer by Free Trader
I have Indian friends in New Zealand opened accounts for friends in India.
Their friends then trade from India.
My Indian friends are not New Zealand citizens so I am sure it will work te same for you.

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