i am a trader in the indian commodity markets. i have a few friends/clients abroad who are willing to invest money.
all that i want to know is that - is it legal for me to trade on their behalf in CFD's forex and other speculative instruments available in the developed markets.
they will be opening the accounts in their name and i will trade on their behalf from india, but i will not be depositing any money in $ to them.
PLease let me know. if there are any permissions that need to be obtained for the same , pls let me know
Thanks for the response. Can you please elaborate? for eg: if i ahve my friend open an account in NYSE through a registered broker of that exchange - what are the things that i need to do to trade in his account from India