IS FOREX TRADING LEGAL???

[070348K]

OK HOW CAN I REGISTER CAN YOU PLEASE EXPLAIN??????????

You have to be registered financial institution, if you involve a lot of money or transfer in/out of the country.

If you do forex trading outside country and transfer them outside country or transfer them in to your bank accounts there's no problem.

I may post the registration procedure here when my father comes home today. Have to ask him about it.

 

[dodangodarohan]

Don't worry

Don't worry bro whether the FX is legal or not Government has no way to find you are doing Forex because you can receive money through Moneybookers,Western union or Alert pay receiving money to the country through these methods is not illegal at all, if CB request you to show the source of income you can always tell them you are doing an online job (freelancer), you have a friend/relation in a foreign country,you are selling on ebay... etc but the problem is you can send only 3000$ out of the country per year using credit or debit card as I remember.

 

[paragon123]

You can transfer money across county. You just need to make sure that you have a paypal ready.

_____________________
You're never a loser until you quit trying.

 

[jimba]

hhhmm, may be, but nothing has happened as yet. I see it differently. You deposit money to the broker (lets say etoro) with moneybookers. Sri Lankan government cant find that. Then after you trade, you withdraw to moneybookers. Government cant find that too.

Then, you withdraw moneybookers to bank account. Moneybookers to bank account is not illegal. So, how can the government come to know that the money was from forex? or that you do forex?

exactly machn

 

[srilankaportal]

It is illegal

Please refer to the below link from cbsl

http://www.cbsl.gov.lk/pics_n_docs/02_prs/_docs/press/press_20120530sa.pdf

 

[Randir]

legal

 

[Computerbuddy]

Credit Debit card walin Forex walata money Deposit karana eka illegal.
Eth oya Online Earn karana kenek nam ehema earn karana money Forex walata deposit karaata kamak naha. Mokada ethkota Lankawen Pitata salli yanne nathi nisaa!!!