FAQs > Funds Transfer & Trading

How is the forex rate and fee determined?

For transfer from India to the brokerage account, the forex rate and fee is determined by the bank that you use to transfer the money. We have had discussions with banks to get low forex rates for you. When you initiate the transfer process on the Globalise Platform, you will see the list of those banks. We continue to add to that list. If you work with a bank that is not on our list, feel free to speak with your bank relationship manager to finalise the forex rate. When you withdraw money from your brokerage account directly to your domestic Indian bank account, the forex rates are determined by the receiving bank in India.