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Yes I have confirmed with them that as per US law, series 7 will be required for people residing in US but not applicable to a trader outside US even though he is trading on the account of US people (prop trading). Similarly, I guess in India, for Indian exchange and trading on account of...

Thanks, this was really helpful. Yes this way it is purely an outsourcing activity to US from being in India. There is a software firm out side India (non brokerage firm) which asks you to take test on a simulator. They asks for money every month for a simulator account (not a real money...

I liked the way you addressed the question from multiple perspectives. I would like to know...is it legal that..an Indian, being in india, be hired (job as a trader) by a prop trading firm in USA for trading in EQUITY market of USA ? he would not be placing trade using his own money but using...