Is it legal for an Indian resident to trade on a funded proprietary trading account like Topstep under FEMA regulations?
The funding concept is that proprietary trading firms, like Topstep, allows traders to trade with the firm's capital rather than their own, under certain profit sharing arrangements. I would be trading gold futures on Topstep’s platform, receiving profits as a share from them. Topstep is based in USA.I will get paid through the International Wire/SWIFT transfer option. Does this violate FEMA, and if so, are there any ways to remain compliant with FEMA regulations for such arrangements?