** I trade only on recognised commodity futures exchanges
I know that trading outside an exchange platform is
illegal
•• I trade through brokers/members registered with the Forward Markets Commission (FMC). List of such brokers is available on the exchange websites.
I verify my broker's credentials
•• I do not get lured by promises of assured returns before trading
I do my own research on commodities before
trading I study the contract specifications and the delivery and settlement procedure before trading
•• I keep verified records of all market transactions
I insist on contract notes, receipts and account statements from my broker. Verify them with the
information available on the Exchange website
•• I always pay by cheque from my designated account
I pay the broker by cheque (including margins), in his name, insist on receipts and keep these carefully and understand that I am entitled to receive funds within 48 hours of Exchange’s pay-out.
• I trade within my investment and risk taking capacity
I know my ability to take risks and avoid overtrading despite lure of making huge profit
If you have any grievance
Understand Rules & Risks of Commodity Futures Trading
and Then Trade on Exchanges
Issued in public interest by:
Ministry of Consumer Affairs, Food and Public Distribution
Department of Consumer Affairs, Government of India,
Krishi Bhawan, New Delhi-110 001,
Website: www.fcamin.nic.in
If you have any grievance agaisnt brokers or Exchanges, please report to:
Forward Markets Commission, Everest, 3rd Floor, 100, Marine Drive, Mumbai 400 002,
Tel: 022-227 953 00, Fax: 022-2281 2086, Email: contact.fmc@nic.in
Sticking to what is ideal and what is right is very important for you to be working effectively. I believe that when you are knowledgeable with what you are doing then you can perform your task well and you can serve clients effectively and efficiently. Observing those rules and risk factors are very essential too.- www.usafutures.com
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