Risk warning: Trading foreign exchange and other leveraged products carries a high level of risk and may not be suitable for everyone. You can lose more than your initial deposit. FXPIPS ONLINE is an educational website — it is not a broker, does not execute trades and does not provide personalised investment advice. Exchange rates shown are reference rates, not tradable quotes. In India, forex trading by residents is permitted only in RBI-authorised currency pairs on SEBI-recognised exchanges — see Forex rules in India and our full disclaimer.