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Question ID : 41108

Remotely working for proprietary trading firms based in the US/EU is legal in India?

Remotely working for proprietary trading firms based in the US/EU is legal in India? Firm names Eg - (i) FTMO Trading Global/FF Traders, Prague (ii) Flow Traders, Netherlands (iii) Seven Points Capital, USA (iv) TopStep Technolgies LLC/ TopStep Funded, USA Here proprietary trading according to investopedia means - "Proprietary trading refers to a financial firm or commercial bank that invests for direct market gain rather than earning commission dollars by trading on behalf of clients. Also known as "prop trading," this type of trading activity occurs when a financial firm chooses to profit from market activities rather than thin-margin commissions obtained through client trading activity. Proprietary trading may involve the trading of stocks, bonds, commodities, currencies or other instruments." To be simple - the client will be only providing my services managing firms' capital and will they will provide me profit split in return. Would this be allowed as per the laws of FEMA?

posted by Hunny Badlani on Jul 30 2021 12:00AM

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