The two currencies that have the highest trading volume on the Forex market are the US Dollar and the Euro — but, other currencies are traded as well. Last week, as I was sorting through my collection of coins; my daughter asked me to explain to her what Forex Trading was all about. There are definetly RBI monitoring same.
Top Rated India Forex Brokers
By carrying currency notes to Europe, you will limit yourself to only the amount of money you carry. You can recharge the card by making the purchase online, thus having the flexibility of spending more money in Europe. The card is immediately processed and the currency is transferred on the card instantly. The forex cards are best for Europe as the transactions on the card are secured. Even, if the card is lost or damaged, the money will remain safe and will remain your account.
Using the card eliminates the possibility of handling counterfeitnotes as all the money is in the card.
This entry was posted in Forex , Prepaid Forex Cards , Uncategorized and tagged buying euro at best rates , forex card for europe , forex in india , Forex rates , multi currency forex card. Posted on May 28, Updated on May 28, With mercury levels taking an upward swing, schools have finally closed for the summer.
Today Indian holidaymakers are looking for newer travel destinations and expect new and memorable experiences while insisting their holidays offer value for money. Why is it such a hit? Its reputation as a fun shopping destination and a cleanliness hub. Among other favorites are Kuala Lumpur, Pattaya, Bangkok and Indonesia, which offer a good mix of modernity and tradition.
Dubaiis an all-time favorite with Indians. Be it a budget traveler or a luxury seeker, this is a place which has something for everyone. If you are planning a trip with your family to Dubai, get your currency exchange online , conveniently from BuyForexOnline. Is it a wonder then, that London remains such a hit with Indian tourists?
Best months to visit — June through August. One American destination that features on the top slot is New York. Also, drops in airfares and hotels this season have contributed to an increased interest in US travel.
So, choose your favorite destination, plan your trip early and get the best deals on airfare and accommodation. For your forex needs, visit https: This entry was posted in Finance , Forex , travel services and tagged currency exchange online , foreign exchange services , forex in india. Posted on May 5, Updated on May 13, The reason is simple — they are a lot more safer to carry and theyprotect you from depreciation.
Prepaid cards are not limited to offering advantages over cash but also trump other modern options of carrying money like credit and debit cards. Here are the top 4reasons why a prepaid travel card is the best way of carrying money abroad.
RBI in a recent move, has asked all banks to disable debit cards for international use. What does this mean? Simple — bye, bye international debit cards. Prepaid forex cards are much cheaper than credit cards, which have a loading of 2. What would you rather carry in your wallet?
A wad of cash or a card that lets you withdraw the right amount of money each time you require it? The answer is simple, especially considering how cash is that much more vulnerable to theft. Therefore it is always better to opt for a Forex prepaid card that is not just safe but convenient to carry as well. You cannot enjoy your travel if you are constantly worrying about theft. Say good bye to these nagging worries and turn to prepaid Forex cards — your key to complete peace of mind during foreign travel.
In case you lose your Forex travel card, all you need to do is turn to your spare card that comes with the original kit, and activate it. Also, the card includes PIN security and is easily blocked if lost or stolen. With a host of advantages, prepaid Forex travel cards are your best companions during your overseas travel.
This entry was posted in Finance , Forex , Prepaid Forex Cards , travel services and tagged best forex card in India , forex in india , prepaid forex cards. Posted on March 27, Updated on March 27, Finding the right Forex dealer is not an easy task. In a market which is full of uncertainty and susceptibility to scams and fraud, it is important to choose your Forex dealer carefully. When it comes to choosing your Forex dealer, gathering the correct information is the key. Here are some important tips from BuyForexOnline.
To stay safe while buying Forex, it is important to do a thorough background check of the Forex trader. You should check whether the Forex trader is registered with any regulating agency. A good way to test the efficacy of a forex company is to check their customer service quality. Contact the support desk and ask some questions by phone. Keep notes on how responsive they are to your questions and what attitude they have about answering them.
The company lets you buy Forex online in India and provides shorter response times with dedicated customer service lines and personnel that are always available to you while in India or abroad. Forex market is beset with risks; therefore, transparency in the services is an important factor that you should look for when choosing a Forex dealer. Trusted companies like Buy Forex Online India Pvt Limited, offer you the ability to buy at fixed currency rates saving you from market fluctuations that you would usually otherwise encounter with traditional money changers.
Check out their web platform. A good Forex dealer must have a user friendly web platform that enables users to enjoy a convenient and stress free experience. To know more, visit- https: This entry was posted in Finance , Finance Advisor , Forex , Prepaid Forex Cards and tagged buy forex online in india , currency exchange online , foreign exchange services , forex in bangalore , forex in india , forex in mumbai.
Posted on July 25, Updated on July 25, Travelling can be one of the most enjoyable experiences in the world, especially when one travels with loved ones and family. Posted on July 24, Updated on July 24, With the different options buying euro at best rates for carrying forex to Europe, carrying forex in travel card is the best and the safest option. These features of the prepaid forex card makes it the best forex card for Europe from India. Dubai Dubaiis an all-time favorite with Indians.
International debit cards are soon going to be redundant RBI in a recent move, has asked all banks to disable debit cards for international use. Safer than carrying cash What would you rather carry in your wallet? Licensed Brokers — Whilst there are no licensing authorities in India who license and regulate Forex Brokers you will find that there are many other countries who do have a legal framework to licensed Forex Brokers.
It is therefore going to be the case that you should sign up to a Forex Broker that is licensed in places such as Cyprus, the United Kingdom and other recognised jurisdictions as you will have the added peace of mind in having the licensing authority to call upon for help if you ever need any help.
Currency Parings Options — One other aspect to you choosing just which Forex Broker to sign up to is that you will need to sign up to a Forex Broker that is not going to offer you just a small selection of currency pairings. The more trading opportunities that are available to you at any Forex Broker the better, and as such always have a good look around their website to see just what each Broker is offering you by way of currency parings, and select one with a large number of them on offer to their traders.
To give you some ideas of which are the best Forex Brokers that you can sign up to and trade at, below we have some mini reviews of the top rated India trader friendly Forex Brokers. Each of the following Brokers are going to let you sign up to their Brokerages with no problems no matter where you live in India and you are also going to find that you can claim some large sign up and ongoing bonuses and promotional offers at each of the following sites.
So keep on reading for you are going to be very hard pressed to find a better set of Brokers than those listed below! Below mentioned are some of the features provided by the brokers to its customers:. LiteForex is one of the forex brokers who have commenced operation in India and following are the features they provide to their customers:.
FXCM is one of the largest Forex broker across the world competing the other popular forex brokers. Their features include the following:.