Is Go Markets Banning Trading Account for Indians?

Hi,

I am from India. I recently heard that GO Markets Aus. Bans opening of Live Account for Indians based on RBI regulations. Anyone closed their live account due to their email instructions. Plz discuss here.

Dear Sir,
i am an indian trader,but i have not heard this news in my close trading groups.


Best Regards,
Vijay Pratap Singh
[email protected]
skype..vpfxin..

Thats interesting, can post the email you received about it?

what australia has to do with RBI regulation? common sense is not that common.

Subject Important Message Regarding your GO Markets Trading Account
Sender GO Markets

Dear Krishnan Guru,

We have recently conducted a compliance review and it has come to our attention that due to the laws & regulations of your residing country India, you are will no longer be permitted to hold an account with GO Markets. Regrettably, this will mean that you will need to cease trading and close your account. This applies to all GO Markets clients residing in India.

We realise that this will be an inconvenience to you and for this reason, will be giving all clients until November 30, 2011 to close all positions and to complete a withdrawal form for us to return funds.

After this time we will forcibly close any remaining positions and will request your bank details to return any funds that are owed to you.

The withdrawal form can be downloaded from here: Click to Withdraw Funds
We apologise for the inconvenience and we regret having to take these measures however unfortunately this is a matter beyond our control.

If you have any questions please feel free to contact us.

Kind regards,
Client Services

GO Markets | Level 16, 114 William Street, Melbourne, VIC, 3000 | Australia 3000
Phone: +61 3 9670 3055 | Fax: +61 3 9602 1440 | [email protected] | www.gomarketsaus.com
WINNER 2011 – BEST FOREX BROKER AUSTRALIA – IBTimes Trading Awards
WINNER 2010 – BEST FOREX BROKER OCEANIA – FX Trader’s Choice Awards
WINNER 2010 & 2009 – RECOMMENDED FOR FOREX – AFR Smart Investor Awards

if this is genuin what u have post,then i must say go market is silly,whole world allows indians to open account and trade,they are just losing clients for no reason.

it is true, they closed my account as well, i too received this email, infact they have closed all indian accounts

this problem only for go market or any other platform ????

for now only GO markets