The Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI) oversee forex trading in India. Using Metatrader 4 for forex trading in India is legal and compliant with SEBI RBI rules, based on current regulations. Metatrader 4 is a popular and commonly utilized trading platform in India, where it is provided to clients by numerous reputable brokers.
There are inherent risks associated with every trading platform. However, the legal risks of utilizing MetaTrader 4 in India can be reduced if you follow the relevant regulations and deal with established brokers.
In India, MetaTrader 4 does not require a special license to be used. However, if you’re utilizing MetaTrader 4 to conduct business as a broker or financial intermediary, you might need to comply with SEBI licensing requirements. Adherence to the regulatory provisions is necessary to guarantee lawful functioning.