Is Binary Options Trading Reputable In India?

Posted by Zandra Faye on August 24th, 2019

Binary Options has gained popularity in India quickly. It is an excellent opportunity to earn an extra income or as a way to work from home. With more traders who want to invest and with the increased use of smartphones, Binary Options trading is now more accessible than ever.
The growth of online trading has been a trend and India is not behind. However, India still has a majority of people who are unaware of how binary options work in the country.

Is Binary Options legal in India?

Unlike several other countries, Binary Options are not legal in India. This was implemented by the Reserve Bank of India, binary trading or any form of online trading of foreign exchange is illegal in India. The financial sector in India is primarily regulated by the RBI and Securities and Exchange Board of India (SEBI), which do not favor investing in binary options in India. The good thing is you will still be able to trade in options with the help of other registered brokers across the globe. That means Indians are free to invest in options marketing like other countries. However, you must also realize that if anything goes wrong, none of the organizations (SEBI and RBI) will interfere in the matter & you'll need to deal with the issue by yourself.

Things you need to consider when choosing for the best binary brokers.
Reviews: When doing research, read the reviews of other traders. Find the best information on one page instead of checking tens of other sites and forums.

Safety: This is maybe the most important factor when selecting a binary options broker. There are scam brokers who make false promises. Be vigilant when looking for the safest and most secure trading platforms.

Banking: Some brokers make it so hard to deposit or withdraw money. They sometimes don’t accept your preferred payment method or don’t send you the withdrawal on time. Easy and secure banking options are really important.

Licenses and Regulations: when looking for the best binary options broker, also look at their licenses and regulations. A regulated broker is always secured than an unregulated one.

Platform: Traders need an easy to use trading platform that is simple and intuitive, with many functions.

Good Customer Support: This is one of the things that may be of concern using an offshore broker. What if you have a question or need help with an issue? Always look for the customer support options that they offer. Good brokers have customer support advisors that will be able to help you via live chat, email, and telephone. Check Binary Options India to learn more.