With the rise of online trading platforms, many are seeking to understand which ones are legal and safe to use in India. A platform like Octa, formerly known as OctaFX, has garnered attention for its widespread use and popularity among traders in India. Before investing any funds, it is essential for Indian traders to ensure that the platform they choose adheres to local laws and regulations. In India, the regulatory landscape for online trading can be complex, with the Securities and Exchange Board of India (SEBI) overseeing securities markets. However, when it comes to platforms offering forex and commodities trading, they might not always fall under SEBI’s jurisdiction. That said, it is vital for traders to verify whether the platform is legally compliant with the Reserve Bank of India (RBI) guidelines and international regulations. This is where understanding the operational structure of platforms like Octa becomes crucial, as it helps users assess their safety while trading. So,
is OctaFX legal in India?