For NSE Cash, BSE Cash, and NSE F&O the hours are 9:15 AM - 3:30 PM. up to 90% payout on Fixed Time Trades trading. Crypto trading platforms like WazirX, CoinDCX, Zebpay, etc. Big Stories. Add Bank Details for Buy USDT in India with INR. 1. 300 and after a few hours the price of the stock goes to Rs. Currently, Olymp Trade India has a community of over 25,000 active traders. RoboForex — supports Forex, stock and crypto trading. It promises to repay you the principal amount with a fixed interest rate after a particular tenure. BlackBull Markets , Best ECN trading environment, with. 1 discount broker of India, Zerodha. "It has now been decided to restore market hours in respect of call/notice/term money, commercial paper, certificates of deposit and repo in corporate bond segments of the money market as well as for rupee interest rate derivatives," RBI said in. Peasant uprisings. XM - Low stock CFD and withdrawal fees. The Securities and Exchange Board of India (Sebi) has proposed a fresh regulatory framework for algorithmic trading or algo trading by retail investors. Olymp has two catagories - fixed time trading and forex trading According to LRS or FEMA, is it legal to trade on olymp including legal deposit and withdrawals into bank accounts or e-wallets. Outside the European Union, Ava offers maximum leverage on Forex currency pairs as high as 400 to 1. If you have a laptop or a smartphone, you can get started with a forex trading platform. To open a trade in Fixed Time mode, just follow these 4 steps: Select the Fixed Time mode and the asset you want to trade on. Trading Hours Summary: The India National Stock Exchange is open Monday through Friday from 9:15 am to 3:30 pm India Standard Time (GMT+05:30). Suppose you buy 100 stocks at Rs. Fixed time trading is legal, though some authorities ban it such as the SEBI in India and the FCA in the UK. This framework describes, among. This would mean the partnership was created for a fixed duration of time. FP Markets – Excellent Technical Tools. 3. of a foreign company in India, which is incorporated under the laws in India, to the foreign company incorporated under laws of a country outside India, will hit by condition (v) of sub-section (6) of section 2 of IGST Act. Service 60. Iq Option. Please confirm the platform's legality for. Let’s assume gold is presently priced at $1,900 (roughly 140,000 INR) and you believe it will rise to $1,950 by the end of the day. Leverage is nothing more than employing debt to buy a security or implement an investment strategy. Note: These apps are not exclusively for forex trading, but they allow you to trade currency derivatives on the NSE and BSE platforms, which are the only legal ways to trade forex in India. Online tutoring jobs allow you to make extra money from home. 1. If you are a resident of India and are trading through. Algo Trading Software in India - Algorithm trading is a method of executing trades by feeding instructions to a computer program that follows a predetermined set of rules. An unregulated crypto market is unfavorable and risky even when the government wants to. Monthly Fee. Top 10 Best Forex Trading App in India. 00325% of the total amount is charged by the National Stock Exchange, while a transaction fee charged by the Bombay Stock Exchange amounts to 0. Digital Options trading or Binary Options trading is getting new names to attract more and more traders. Vincent and the Grenadines Financial Services Authority (SVGFSA). XTB – Lowest Overall Costs in Indian Rupee. Contract between Buyer and Seller of the commodity. Home » Legal » Regulations; Legaltrading members and unless it is provided that all tenders and. A legal MLM company Will offer a fixed time to its members to achieve financial benefits. OctaFX Forex Broker. Sebelum Anda memasuki perdagangan, Anda tahu apa yang bisa terjadi. Vincent and the Grenadines Financial Services Authority (SVGFSA). The Securities and Exchange Board. How does IQ Option Trading work? Olymp Trade’s accreditation in FinaCom is a good sign that company is a legitimate fixed-time trading broker. A is false but R is true. m. Indian traders accepted – Yes. The Enforcement Directorate (ED) has provisionally attached assets worth ₹34. – 4. India has particularly shown persistence and consistency in the growth of fixed time trading. Here is why. 15 maximum brokerages. Fixed Time Trading: A Course for Beginners. 000$ Demo Account. You may unknowingly have participated in the market by buying foreign products or exchanging money during foreign travel. Is Olymp Trade legal in India? India has got a specific legislation limiting the forex trading in the country. 1. Admirals (Admiral Markets) is the best CFD broker in India in 2023. The first is to choose a regulated broker. The latter allows users to set trade durations, with the trade interval or duration ranging from 1 minute to 24 hours. Updated RBI Alert List (Full List of Apps and Websites Unauthorised for Forex Transactions in India 2023): The Reserve Bank of India on June 7 updated the Alert List of unauthorised forex trading. Omnesys Nest – Best Automated Software for Indian Markets. Zerodha Broking Ltd. When it comes to the point that whether it is legal or not then Yes!! Scalping is a legal strategy as there is no federal law against it. Forex transactions can only be undertaken with authorized persons and for permitted purposes. Top Forex Brokers in India for 2023: Exness — best broker for both active and passive investment. Thus activities such as investment, trading, and businesses will be legal in the country. 2. In India, you can only trade via registered exchanges, and you cannot finalize spot transactions. International traders are accepted. Taking advantage of this, you decide to sell those 100. - Low forex CFD fees. 05% (whichever is lesser) for each executed order. The reason for this is their progressive trading platform, fast payouts, and a large percentage of profits. 00 p. Expert Option. How to Open a Trade in Fixed Time. Set the time frame you want your trade to last. Trading in the equities segment takes place on all days of the week except Saturdays and Sundays and trading holidays declared by the Exchange in advance. SEBI is the market regulator for forex trading in. 6. Perlu diingat bahwa perdagangan online sangat berisiko. API Access: Nuvama API Connect. MetaTrader 5 – Best for Professional Traders. So far, we’ve answered the question of “is forex trading legal in India” by giving you a broad overview. 15 am to 3. Forex market opening time in India is at 9. your passwordQuotex India - Online Trading ReviewIs Quotex legal in India - Quotex India Review Quotex is one of the leading Fixed Time Trading brokers founded in 2019 that provides online trading on a custom-built web platform. Free and fast deposit and withdrawal. Indian traders as well can execute trades using the Binomo trading platform. This is providing the copy trading broker is correctly licensed and regulated and accepts clients from your country. Higher trading volumes. Octa – Best for Indian audience. While the question of whether it is unlawful to trade binary options in India is widely questioned within the Indian internet trading world, the response is a clear “No. Free Demo Account – Yes. A. Pepperstone is the best ECN broker in the UK for its low trading costs, no required minimum deposit, and wide range of popular trading platforms. Closing Time: 5. of a foreign company in India, which is incorporated under the laws in India, to the foreign company incorporated under laws of a country outside India, will hit by condition (v) of sub-section (6) of section 2 of IGST Act. ”. In view of the difficulties being faced by the trade andStep 3: Sign-up for an Account. Cryptocurrency options have no fixed time and can be traded 24/7. In March, 2023, the average trade size was $5. Call options are futures contracts that offer the buyer the right but not the obligation to purchase the actual stocks or index. Also, you can clear your doubts about investments at. Cryptocurrencies, on the other hand, aren’t legal tender, which is why one can mine for them — however, it is unregulated at the moment. Pepperstone – Best ECN Forex Broker. Binary options are not promoted or sold. All you need is a computer and an excellent Internet connection. The advantage of doing so is with short-term profits, however, the risk is also in proportion. m. For a quick answer, the stock market timings in India for normal trading in the equity market is between 9:15 am to 03:30 pm, Monday to Friday, without any lunch or tea break. Sin embargo, la realidad del trading es que son pocos los inversores que realmente obtienen ganancias mientras. 00 p. As the name suggests, insider trading refers to when an individual trades in the market on the basis of confidential information they get about the listed company because of the nature. The underlying asset can be securities, commodities, bullion, currency, livestock or anything else. This means that forex traders in India cannot use any of the major global forex trading platforms, such as MetaTrader 4 or 5, which support trading in multiple currencies. 00 AM to 7. Features of a legal multilevel marketing company are given below: 1. Bloomberg’s new Legal Entity Identifier Admin (LEIA) provides rule-based, fixed income trading controls for price takers and makers on Bloomberg’s electronic trading platforms. The Strategies tab showing all available fixed time trade strategies for Starters – Olymp Trade. Binary options are not promoted or sold. Trading in NFTs would be illegal in India if they were considered a derivative, because then they cannot be traded on virtual platforms as per Section 18a of the SCRA. eToro – Great for multiple trading assets options. Binance: The world’s biggest cryptocurrency exchange by trading volume also accounted for a hefty $58 billion of the total trading volume in Bitcoin perpetuals and futures. m. All profits from the above transactions are subject to a 30% tax, which is equivalent to India's highest income tax bracket. Unlike equities that come. 2. Crypto trading platforms like WazirX, CoinDCX, Zebpay, etc. Despite missing regulations from SEBI or any other principal regulatory authorities, it survived the market and continues to evolve even more. 2024 Investment Banking Internship Program (Mexico City) Mexico City. These new brokers that crop up are a blend of both genuine, unregulated, and dishonest scammers that put most aspiring traders in India at risk of deception and losing money. Formal training is not essential. Choose a trade amount. Quickly develop and deploy trading strategies, reacting promptly to market conditions for optimized performance. For better liquidity, INR pairs can be. Fixed-Income Trading. What is Fixed Time Trade? Fixed Time Trade (FTT) is the most popular mode available on the Olymp Trade, Binomo, IQ Option platform. In India, forex trading is legal. For MCX, there are two timings. Here is our list of the best forex brokers in India 2023. Nothing on this website is, or shall be deemed to constitute, financial, investment or other advice or a recommendation by us in respect of any product or service referred to on this website. So far, we’ve answered the question of “is forex trading legal in India” by giving you a broad overview. Step 5 – Start with a small capital and gradually increase investments as experience grows. Best Forex Broker in India 2022. We selected Saxo Bank as the Best site for forex trading in India on our list based on in-depth analysis and testing the live accounts of 30 online forex brokers. After-hour trading sessions may happen before or after the regular trading session. You can understand it more simply as: You choose a specific timeline in the future. Olymp has two catagories - fixed time trading and forex trading According to LRS or FEMA, is it legal to trade on olymp including legal deposit and withdrawals into bank accounts or e-wallets. Olymp Trade – One of the most trusted. However, there are certain restrictions and regulations that traders should be aware of when using this platform. Thanks to. Q. So far, the broker has maintained an excellent reputation not only in the country but worldwide. Demo Accounts allow users to play with legal money in India, but eliminate the fear that traders will lose the money as SEBI and RBI do not back it. 30AM. High-quality/Legit products are offered by legal MLM companies to their customers, and, these products are backed by certificates of quality. Also, trading of Mutual Funds NAV is conducted after market closes for the day, wherein prices are determined through final value of shares in as per closing time. The RBI is responsible for managing currency exchanges and brokerage firms under the FEMA Act of 1999. Retail forex trading is legal in India but it is legal for only registered exchanges. This means that you can buy or sell your stocks on BSE or NSE at any time between this. The good news is that copy trading is legal in most countries, including UK, USA, Australia, Singapore and within the EU. The India Infoline (IIFL) Markets app would be one of the best stock market apps in India. It is. Updated May 20, 2021, 4:51 PM IST. As a first step towards regulating cryptos in India, the Centre has made it mandatory for companies to disclose crypto trading/investments. IIFL Securities. You can trade in 28 different currency pairs on OctaFX alongwith 2 metals and 4 indices. FTT mode allows you to make trades for a limited period of time and receive a fixed rate of return for a correct prediction about the changes of currency, stock, and other asset prices. Yes. While forex trading is not illegal in. It is a type of trading in which the trader does not buy or sell the underlying asset. Now a professional trader, Helmi has made most of his profits by trading currency pairs in Fixed Time Trades mode. FXTM – Low INR Minimum Deposit. Now lets discuss feature of each trading platforms, their pros and cons. These include the immediate execution of trades, immediate settlement of transaction costs and zero interest rates on trades. Yes you guessed it right, Indian YouTube channels do promote these binary trading apps in their video - without even knowing whether it’s legal and legitimate. Olymp Trade is a legitimate trading platform that operates in compliance with all applicable laws and regulations. Watch this video guide to effectively trade with the Relative Strength Law trading strategy in Olymp Trade’s FTT mode! Chasing the Trend. Started in 2010, Zerodha popularized the concept of the discount brokerage in the Indian equity market with a no brokerage model for investors and a flat Rs 20 per. 5% of the entire global market, figures from DailyForex show, and some of the major online brokers don’t even. Zerodha KITE: without doubt, KITE is the best trading platform in India for web and mobile from the No. Is Quotex legal in India – Quotex India Review. AvaTrade offers trading in over 55 different Forex currency pairs, 17 commodities, 20 equity indices, 14 cryptocurrencies, plus 66 individual stocks and shares. But, as an Indian forex trader, you can play with currencies only from 9:00 am to 5:00 pm. This Quotex India review covers how can you start trading with Quotex in India, its funding methods, customer support, and bonus deposits. 15. When the price creates a long green candle, it breaks out of the resistance and goes up. 2. Sale fixed at a future date, for a prefixed price and quantity of commodity. SEBI is the market regulator for forex trading in. FinaCom provides legal support to traders who have a problem with a broker who is registered with them. Share via: Indian Forex Trading is illegal for NRIs:. The Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) have the power to set up a regulatory framework for trading binary options in the country. A bench of Justices DY Chandrachud and Surya Kant, which was dealing with a case related to the quashing of multiple FIRs registered against one Ajay. eToro – The Overall Best Broker for OTC Trading. However, citizens are not allowed to trade on electronic or online currency trading platforms. The answer is yes. Rules to remember. Now, it’s time to look at the finer details of India’s fox market, starting with the rules & regulations set by SEBI and RBI. Due to that fact, so many FTT brokers have cropped up in the Indian market. FXTM – Low INR Minimum Deposit. XTB –. Bloomberg Business Mobile App. These brokers also offer. 3. There are many types of trading, but FTT is unique, as it gives the trader the option to make a good return on investment (ROI). Trading in the equities segment takes place on all days of the week except Saturdays and Sundays and trading holidays declared by the Exchange in advance. Yes, Binary Options trading is legal in Nigeria. Moreover, for European Markets, the suitable trading time is between. There are two forms of options trading in the derivatives markets based on this premise: Call options and Put options. Transaction charges are charged on both sides of trading by the stock exchanges. Hence, traders have to be careful when selecting a trading robot. Supreme court has allowed citizens to buy/sell cryptocurrencies like Bitcoin, Dogecoin, etc. Secondly, the trading conditions it offers don't lag behind contemporary standards, and sometimes this broker even outruns competitors. Just like in any form of trading, you have two options to choose from. HFM – High Indian Trust Score. A legal MLM company Will offer a fixed time to its members to achieve financial benefits. Brokerage company Olymp Trade India conquers new countries every year. Derivative trading in India takes can place either on a separate and. Winding-up proceedings are governed by the provisions of the Companies Act 2013 as well as the Insolvency and Bankruptcy Code 2016. UK regulators have sent strong messages to financial institutions operating manipulative trading practices. XM are well known for its low trading. Bigul has Zero account opening Charges. This comes at a time when India has. You must, however, ensure that you are compliant with the rules,. eToro – Best Online Trading Experience. 14 NewThe Foreign Exchange Management Act (FEMA), set forth by the Reserve Bank of India, is the legal framework for forex trading in India. HFM is a well-regulated global CFD broker offering trading on a number of instruments, including Forex, cryptocurrencies, metals, energies, indices, shares, commodities, bonds, and ETFs. Many Indian traders wonder if Olymp Trade is legal in India. Premium The forex trading sentiment was further bolstered by robust capital inflows and domestic equity indices hitting fresh all-time highs as investors turned optimistic on BJP’s electoral. Zerodha. Trading forex and fixed-time trades are still one the most profitable ways to make money over the internet in India, and a good broker makes your trading trajectory much easier. The Reserve Bank of India (RBI) issued the Foreign Exchange Management Act in 1999 as an act to consolidate and amend the law relating to foreign exchange to facilitate external trade and payments and promote the orderly development and maintenance of the foreign exchange market in India. In this entire span (from 2018 to the present), trading cryptocurrencies have never been illegal in India. Bloomberg is a leader when it comes to financial news and information, no matter where in the world you might be located. So, forex trading in India is legal. Choose a trade amount. This means that any money lost by the customer is equal to the profit of the platforms. In India, trading with currency pairs other than approved by the RBI is an illegal and punishable offense under the FEMA Act. TradeTron Tech – Best for Event & Quant Based Algo Trading. Fixed Time Trading / Forex Options / Fixed Time Contracts Philippines. Traders from India can contact support on 800 443 0002 from 1030 to 1930 IST in the Hindi language. On the contrary, 2020 has been the most exciting year for India’s crypto landscape witnessing tremendous growth in the number of investors who have started trusting Bitcoin as an alternate asset class. Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost. Quick facts for Indian traders: Expert Option is legal in India. 5. #3. Such UPSI typically relates to decisions made by the company’s board of directors but is not yet public knowledge. All rights reserved. The matter has been examined. But for that, it is necessary to. However, Indian investors wishing to participate in binary trading should play at their own risk, as the country does not have laws governing such trading. Securities and Exchange Board of India (SEBI) Turnover ChargesApply a good money management. We would like to show you a description here but the site won’t allow us. Subtitles for video are available in 13 languages: English, Hindi, Arabic, Vietnamese, Indonesian, Spanish, Korean, Malay, Portuguese, Thai, Russian, Turkish. The India National Stock Exchange does not close for lunch. It is also highly regulated and insured, making any capital you deposit into eToro secure. They. Halal brokers offer trading accounts that aim to comply with Islamic principles. This is variously taken to have commenced in 1757, after the Battle of Plassey, when the Nawab of Bengal Siraj ud-Daulah was defeated and replaced with Mir Jafar, who had the support of the East India. Opening a trade in the Olymp Trade Fixed Time Trading mode is easy as you have only a few parameters to set. Please confirm the platform's legality for. The expression “derivative” indicates that it has no independent value. Equity Trading, US Stocks, Direct Mutual Funds with Zero-commission. Fixed Time trades, Forex Options, Fixed Time Contracts are almost the same or similar to Digital Options or Binary Options with little or no difference. ExpertOption is one of the few trusted brokers for Fixed Time Trade trading. Binomo. B. Trading through online brokers is a non-bailable offense in India and has serious legal consequences. They are Pre-opening, Regular trading and Post closing. But despite uncertain limitations, currency trading is becoming more popular in India. You can pick any trading platform based on your requirements. Anda bisa kehilangan investasi atau mendapatkan laba atas. . We hold ourselves to the highest standards of corporate governance, financial reporting and disclosure. The best part of this algo trading software in India is that one can trade anytime, anywhere. The online trading platform IQ Option is one of the top binary options brokers and the best binary trading app in India. Forex trading is legal in India, but there are restrictions in place to prevent currency speculation and protect the country’s economy. Your working hours, free time, and holidays are in your own hands. It also issues guidelines and rules for forex trading activities in India. The reason is an inside trader can benefit hugely. The minimum expiry time for the fixed-time trades is 60 seconds. 2020 – The Supreme Court of India quashes that ruling and opens the door to crypto exchanges and crypto brokers supporting trading in the country. 0. 10. For instance, look at their fixed time trading mode which is absolutely unique. In this. Country. Save time for trading. Return on investment means, if I have invested $100, then in successful trading I get $80 in return, the complete balance will be $180. Call options are futures contracts that offer the buyer the right but not the obligation to purchase the actual stocks or index. FXTM – Best for fast trading platforms. Options Trading. or any other hybrid contract of pre determined fixed duration, linked for the purpose of contract. Fixed Time Trades Platform Keep in mind that. The full form of FTT is Fixed Time Trading. New Delhi, UPDATED: Dec 10, 2021 16:09 IST. The timing of both BSE & NSE for the trading clock is the same. 2024 Investment Banking Internship Program (Mexico City) Mexico City. 025% and a taker fee of 0. underlying asset more time to make a substantial move and for the€investor to make a healthy profit. RBI stands for Reserve Bank of India, which is the central bank and the regulator of the foreign exchange market in India. Overview. Instead, by the Income Tax Act, you should include all profits in your business's income and pay tax according to the applicable tax bracket. 5 billion in CY 2016. In fact, retail trading (a. Backed by superior research, the Saxo bank trading platform is. The NSE, BSE, and MSE (Stock exchanges in India) only allow trading in currency pairs pegged to the Indian Rupee (INR). Insider trading is prohibited in two ways under the Law. Securities and Exchange Board of India is made for protect the interests of investors in securities and to promote the development of, and to regulate the securities market and for matters connected therewith or incidental theretoOnline trading has always been a hot topic for the Reserve Bank of India and there have been many discussions to limit this service for individual and retail investors. Citizens can buy/sell cryptocurrencies as trade and investment. However, there is no need to be disappointed; here are two options for you to trade Binary Options and Fixed Times Trades in India. , once the stock market closes for the day. Traders from India can contact support on 800 443 0002 from 1030 to 1930 IST in the Hindi language. Olymp Trade is a legitimate trading platform that operates in compliance with all applicable laws and regulations. Stock trading and Forex trading although are two completely different styles of trading, many traders create their trading portfolio by being part of both these markets. An insider is a person who is a part of the company whose stocks they are trading. Whether your deposit has failed or you are having withdrawal issues, you can get in contact with the online broker. These include the immediate execution of trades, immediate settlement of transaction costs and zero interest rates on trades. Open a DEMO Account. Olymp trade brings you the latest and advanced trading platform with advanced features to help you trade better. 3. Sale fixed at a future date, for a prefixed price and quantity of commodity. 310. Nuvama. In comparison to other nations, India’s. XM – Lowest Spreads. Even though the strategies made for the usage of Forex in India are managed for the safety of its people Traders are always confused about forex. Sale fixed at a future date, for a prefixed price and quantity of commodity. He prefers to trade on EUR/USD, USD/JPY and index assets that are available 24 hours a day. 30 p. XM Global – Best Forex Broker in India. Closing session. The recommended timeframes for this strategy range from five minutes to one hour. 41 stars from 184 reviews, indicating that most customers are generally satisfied with their purchases. ExpertOption has its. MUMBAI | BENGALURU: Crypto currency companies are expected to revive plans to invest and expand their business in India following a Supreme Court verdict overturning a Reserve Bank of India notification that had restricted banking access for virtual currency trading. Great educational tools. From the beginning, this broker does not charge any commissions per trade executed on the standard account. m. Anyone residing in India is prohibited from trading in overseas foreign exchange market and the RBI has repeatedly warned banks against transactions made. Tickmill — known for low spreads and fast execution. The work is done online with the help of specialised softwares. 310. In such type of trading, there is a fixed investment, a fixed deadline for the trade to expire, and a fixed profit of up to 92% if the trade is in favor of the trader. To open a trade, set the time of trade execution (option expiration time). 7/5. While profitable, success is not guaranteed and depends on factors like trader skill and market conditions. With Olymp Trade, you can spend less and gain greater. If not, you lose money. Forex trading legality in India is a bit complicated because it’s regulated by multiple entities, including the Reserve Bank of India (RBI) and. A country has either Fixed exchange rate system or Floating exchange rate system. Last month, 247,256 traders made trades on live accounts. The rules of the game mandate that a trader can participate in Currency Trading. Until then, there’s no way to level P2P as illegal in India. Glasgow. Without a doubt, it is one of the most basic trading methods available today. They. Step 2 – Open a currency trading account and complete the KYC process. I relish them. Step 1: Get a Reliable and Fast Internet Connectivity. We would like to show you a description here but the site won’t allow us. 15 a. FinaCom provides legal support to traders who have a problem with a broker who is registered with them. Customer Support. During the first hundred years of the British rule in India, people’s resentment and opposition to the British policies mainly surfaced in the form of. Simple and intuitive platform allows easy creation and customization of trading strategies. Indian citizens are prohibited from trading in foreign currencies by RBI. It's a type of trading that involves predicting equity prices. Not every domestic forex market is open around the clock. Their experienced employees, excellent tools, customizable reports, reliable services, and many more features make it the best trading app in India. (erstwhile Zerodha, hereinafter referred to as Zerodha) is a member of the National Stock Exchange, Bombay Stock Exchange and Multi-Commodity Exchange in the Equity, Equity Derivatives segment, Currency Derivatives segment and Commodity segment having its registered office at #153/154, 4th Cross, Dollars Colony,. Fixed Time Trading / Forex Options / Fixed Time Contracts Philippines. If your forecast will be correct, the profit amount will be up to 100% from the investments. The best trading application :Quotex app link : The best trading application :Quotex app link : may look to a newbie to be a reliable and efficient way to profit, which is why it appeals to so many traders, but there is much more to Intraday than catches the eye. The India National Stock Exchange does not have. We show you tips and tricks. Vincent and the Grenadines.