Has Stockal obtained applicable approvals from respective foreign stock exchanges, foreign regulators, RBI and SEBI for providing their broking services in India.
Stockal's foreign brokerage partner has the relevant approvals and licenses from FINRA and SEC (US regulatory body) that allow them to onboard customers from most countries all over the world, including India. Indian banks have the AD licenses to remit money from investor's bank accounts to US brokerage accounts under LRS purpose code S0001