Online Share Trading Account Online Investing - HSBC AU

London-based banking giant HSBC has revealed its blockchain-powered platform cut costs for foreign exchange (FOREX) trade settlement by 25%

London-based banking giant HSBC has revealed its blockchain-powered platform cut costs for foreign exchange (FOREX) trade settlement by 25% submitted by olahdonat3 to CryptoCurrency [link] [comments]

ForeX Trading illegal in India - A friend of mine has been contacted by his bank

Hey guys,
So a few months ago a friend of mine transferred a sub-INR 10,000 amount to eToro an International trading platform just out of curiosity, at the time was unaware that ForeX trading was illegal.
Just recently got a notice from the Bank, HSBC, that is asking for a reason as to why that money was transferred. They also said that if he don't provide a reason by the first week of January, they will terminate the account.
In the letter it states all account closures will be reported to the RBI.
Do you guys have any idea what to do? He didn't even want to really trade,he stopped after a few weeks and he is currently pursuing a degree abroad.
He is very scared right now, even though the amount is small, he doesn't see any way out of this.
Currently the matter is lying with the bank if he can convince them that it is perhaps something like a payment for an online course offered by the site as opposed to actual trading maybe the matter won't be reported?
Any ideas?
submitted by Razultull to india [link] [comments]

ForeX Trading Illegal in India - Friend of mine has been contacted by his bank

Hey guys,
So a few months ago a friend of mine transferred a sub-INR 10,000 amount to eToro an International trading platform just out of curiosity, at the time was unaware that ForeX trading was illegal.
Just recently got a notice from the Bank, HSBC, that is asking for a reason as to why that money was transferred. They also said that if he don't provide a reason by the first week of January, they will terminate the account.
In the letter it states all account closures will be reported to the RBI.
Do you guys have any idea what to do? He didn't even want to really trade,he stopped after a few weeks and he is currently pursuing a degree abroad.
He is very scared right now, even though the amount is small, he doesn't see any way out of this.
Currently the matter is lying with the bank if he can convince them that it is perhaps something like a payment for an online course offered by the site as opposed to actual trading maybe the matter won't be reported?
Any ideas?
submitted by Rakshas34 to india [link] [comments]

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Best Online Stock Brokers Review 2019 - Top 5 Broker Platforms

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