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Trade 1000+ popular assets including shares, forex,ETFs and more. In order to carry out Forex activities in this jurisdiction, you must have official permission. A Forex trading license India gives its owner the official rights to act as a participant in the Forex market and offer consumers a list of related services. The specific range of services may vary depending on the type of license the company receives. As a citizen of India, you can trade forex on the National Stock Exchange (NSE), Bombay Stock Exchange (BSE) and Metropolitan Stock Exchange (MSE). Established in 1992, the Securities and Exchange Board of India (SEBI) was set up to monitor and regulate forex activity in India. It is an autonomous authority that protects forex securities issuers, investors and forex-related agencies. Forex brokers and stock exchanges must be licensed by SEBI to operate within India.