Answer
no, it is not. but many indian banks do not allow the deposits in forex trading accounts. hdfc, sbi and hsbc do allow

FOREX Investment is not available in India Why ?

I want forex investment but I am in India .. Forex investment only some countries expect India . Is true fast return amont of Forex Investment ? I visited Forex marketing website that is wonderfully . I want that Return money come back to me very fast after few days or few months . I have difficult to investing amount in Forex Investment .. I have not credit card .. What i do for Forex Investment . i will apply Reliance company for Investmet. If i invested Rs 3500 for 3 yrs , 181.6 % . after 3 yrs , Return money around rs 40000 above . if You do know it , pl explain .

Answer
Mate, be thankful that it's not available in India - because if it was, you would have 99% sure instantaneously lost every rupee. To be honest, you donât sound like an expert in investment and you say yourself that you have difficulty. Stay as far as you can from Forex at your stage.

Thereâs a reason New Delhi prohibits Forex in India, (Iâm too from India) and Forex is very bad for innocent citizens being hustled by third parties and being convinced they can earn a lot very fast. The rate of loss is massive, 93%!

If you want to go around the system set up to protect you, be my guest and apply for a virtual card and play on Forex USA or whatever â but no sympathy when you lose your hard earned money. Invest safely buddy, especially if you have a wife / kids to feed.