This feedback is never shared publicly, we’ll use it to show better contributions to everyone. In India, you can conduct currency derivatives trading through forex trading accounts offered by reputed, SEBI-approved brokerage firms such as Mirae Asset. You can open your account online by submitting copies of your PAN, ID, and address proof documents and completing the KYC process. Once your account is opened, you can check the various currencies traded and the types of currency derivatives offered by your broker and begin trading in the currency market. Forex trading is legal in India, but it is subject to certain regulations and restrictions imposed by the Reserve Bank of India RBI and the Securities and Exchange Board of India SEBI. Independent traders and businesses in India can participate in Forex trading through authorized brokers who operate within the guidelines set by these regulatory bodies.