A common question people have in their minds is: is copy trading legal or illegal in India? Or can you do copy trading without running into any legal problems? In this article, you will learn more about the legality of copy trading in India.
What is copy Trading?
Copy trading is a method where you can automatically copy trades from one account to another. This is done by linking the accounts through APIs. It is one of the simplest and most effective strategies to profit consistently from the financial markets without having to spend a lot of time or energy studying the market. A customized trading program can be created with the use of the Mirror Trading Platform's differences in copy trading and Social Trader Tools signals. A Trading signals are predictions that represent what to trade, the price point to start a position.
The Securities and Exchange Board of India (SEBI) says that only Registered Analysts (RAs) or Registered Investment Advisers (RIAs) can give financial advice or guidance. So, you might be asking yourself, is copy trading illegal in India? Yes, copy trading is legal in India.
Features of Copy Trading
The following are the characteristics of copy trading.
- Ease of Use: A user-friendly design really depends on what each person likes. Traders can easily understand and use the copy trading.
- Reliability: The most important feature of copy trading for clients is its reliability. Everyone wants their software to run smoothly and without any issues.
- Customer Support and Communication: Both the broker and the system provider should be committed to helping all their customers. After you’ve made your payment, ensure that the copy trading platform offers support and attention, regardless of the size of your account.
- Security and protection of capital: Security and protection of capital You can trust their strategies and methods to make sure each trade is handled efficiently and securely. This way, you can try out different trading approaches without putting your own money at risk.
Additional Features
How to start copy trading
Combiz Services Pvt. Ltd. is the
popular copy trading service provider across India. They offer you copy trading
facilities across different segments like futures, options, cash, commodities,
etc.
Features of Combiz Services Pvt Ltd Copy Trading
• Users can copy the exact trade from the account of expert trades.
• Trades can be copied in multiple accounts.
• Even when you are not available, others may copy your trades. This qualifies it for use by part-time traders as well.
• It operates in multiple markets, including foreign exchange, commodities, equities, and currencies.
• Copy trading in stocks is a popular method for beginners to get involved in the stock market by automatically following the trades of experienced investors. There are also copy trading options available for futures and options through specialized software.
Conclusion
Copy trading is legal in India if you use platforms
and brokers that follow SEBI guidelines. To ensure your investments are safe,
make sure you choose a reputable service, like Combiz Services Pvt Ltd, which
operates under the necessary regulations.
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