ICICI Direct offers you a simple and convenient way to trade and hedge your currency risk in four pair of Currencies- Dollar, Euro, Pound and Japanese Yen against Indian Rupee.
By offering you the choice of trading in different asset class of Currencies we offer you the opportunity to diversify your portfolio.
The benefits of choosing ICICI Direct for your Currency Trading are
- Convenience :Provides a well diversified set platform for online trading with competitive brokerage under a single sign-on and completely paper-less investing experience offers you various options while trading in shares
- Expertise :You can access to our Daily Research Reports as well as Fundamental & Technical Reports and Advisory
- Flexibility :You can select the Currency Pair USD/INR, EUR/INR, GBP/INR and JPY/INR in which you wish to trade
Few Advantages of this market are :
- Trading hours of 09:00 am to 05:00 pm provide more trading opportunities
- Trade in prominent currencies like US Dollar, EURO, Pound, Yen against Indian Rupee
- No Counterparty Default risk due to settlement guarantee by regulated clearing house :
- Low Taxation (No STT and CTT)
- Daily Cash Settlement in INR via MTM (Mark to Market)
How to start trading in Currency segment with ICICIdirect? :
If you have an ICICI Direct account, login to your account and select the Currency Segment Section
If the Currency Segment section is not enabled either you have not opted for the facility or may not be KYC (Know-Your-Customer) Compliant. KYC is mandatory for all investments in Currency Futures as per the Securities and Exchange Board of India (SEBI
If you do not have an account with ICICI Direct, help us open your account and experience the world of online investing. Please Click Here for account opening.