My question is to Indian citizens on a STEM OTP in the United States. Is it legal to options/margin/day trade on the American stock market while on a student visa?
Indian laws state we’re allowed to remit a maximum of 250k USD per year for the purpose of trading, but we cannot use that money for short term trades. However, the rules make no mention of immigrants and those living in foreign countries on visas.
From what I gather American platforms have no restrictions on their end and will not stop one from opening an account. However, things get dicey considering how rigid the RBI is on this issue.
I’d really appreciate it if you kind folks could answer my question, or point me to the relevant regulations. Thanks!