Binary options India – Is Binary trading legal in India?
Binary Options India – Binary options trading in India has become quite popular among Indian traders. There are several Binary Options and Fixed Time Trades providers in India accepting local payment methods to help traders start trading easily.
The reason for the popularity of Binary Options in India is – It is simple to understand the trading concept, it requires a small starting investment as low as $5, and lastly the trading can last as low as 30 seconds. Although understanding Binary Options trading is easy, the risks associated with it are high. If you are successful in a trade, you get a 70% – 95% * return on your investment instantly. You lose 100% of your investment amount for an unsuccessful trade. Hence risk management is vital in binary options trading for you to be a successful trader. However, the specialty of Binary Options trading is that you always know in advance the amount risked in each trade. Hence, the loss can’t exceed the amount you have risked in any particular trade.
Is Binary Binary Options trading legal in India?
When it is about the binary options trading in India, it disappoints the traders. Unlike many parts all over the world, it has not got an absolute legal status in India. The main reason behind this is RBI or SEBI does not regulate Binary Options Trading. Therefore, the traders in India are yet to see some favorable regulations from the Government for binary trading in India. To specifically answer the question “Is Binary Options legal in India?” – the answer is “No,” it doesn’t have a clear legal status in India.
However, there is no need to be disappointed, here are two options for you to trade Binary Options and Fixed Times Trades in India.
1. The Indian traders can legally trade Binary Options by trading in a demo account. Binary Options trading in Demo account with play money is legal in India . The Indian traders can have a first-hand experience by trading in demo accounts and tournaments. Binary options trading has experienced massive growth over the last decade all over the world. But traders in India are still waiting for the legalization of Binary options trading by the regulator in India.
2. You may trade with the Binary Options brokers who are accepting Indian traders. Brokers like IQ Option, Olymp Trade, ExpertOptions, and Quotex do not require a license from Indian regulators to operate their business. Hence, they accept Indian traders to open Binary Options trading account with them.