Binary Option in India - IQ Option

Posted by Zayne Alvarez on January 31st, 2020

There has been an immense growth in online trading at a worldwide level and India is not behind. Since the foundation of binary trading in India, binary options such as IQ Option, have reached popularity in India rapidly. With more investors wanting to spend in IQ Option, India still has a majority of individuals who are unaware of the application of binary options and frequently Google questions like "Is binary trading legal in India?" Read IQ Option in India for more.

What is Binary Trading in India?

Binary trading in India is a sort of an "all-or-nothing". A binary option is a set of yes or no chance and hence, termed as binary. The option owner does not have the choice to sell or buy the asset as binary trading works automatically.

Trading software like IQ Option needs high-risk supervision, however, the binary option holder knows about the quantum of danger involved in each trade and the loss is limited to the amount risked in trading.

Unlike several other countries, binary trading is illegal in India. As per the guidelines provided by the Reserve Bank of India, binary trading or any form of online foreign exchange is unlawful in India. The financial division in India is primarily regulated by the Securities and Exchange Board of India (SEBI) and the RBI, which do not support investing in binary options like IQ options in India.

The Foreign Exchange and Management Act (FEMA) forbids binary or forex trading in India by electronic or online trading platforms. With no law to regulate dealings of binary trading options in India, any investor who takes up binary trading does so at his own risk.

Several binary options brokers are anxious to get CySEC licensing. CySEC is the Cyprus Securities and Exchange Commission and is the most qualified license to have that is acknowledged worldwide. The majority of well-known brokers become licensed and listed in Europe via this process. The most reliable trading platform in India, IQ Option or Olymp Trade, both have this type of investment permit.

You can check IQ Option in India for further information about the broker.