How To Trade IQ Option in India?

Posted by Jezzy Ashton on June 21st, 2019

India is the second to the most populous country in the world that is home to one of the largest group of working class people, who have an increased affinity towards investing in the several attractive opportunities available throughout the globe. IQ Options still remains as one of the ways how to make money in trading communities around the world and India is no different.

 Is IQ Option legal in India?

In online trading, there has been tremendous growth and India is not behind.

 Since the introduction of binary trading, It gained popularity quickly in India, with more investors wanting to invest in binary options. However, the majority is still not aware of the application of binary options. So the most important question that the Indian traders always ask is, “Is IQ option legal in India?

 Even though Binary Options trading is a very popular form of trading globally, there are some countries where it is outlawed completely, and India is one of them.

 According to the directives laid down by the Reserve Bank of India, any form of online trading of foreign exchange is not legal. Two major regulatory bodies, namely the Reserve Bank of India and the Securities and Exchange Board of India regulate the financial sector of the country, which does not encourage any investment related to Binary Options or Forex. With no rules or laws to regulate binary trading in India, investors who are involved in binary options in India do so on their own risk.

 With so many IQ Option scam happening in the world, the trust factor lies beneath all levels and the Indian Government doesn’t want to get involved in any risks and suffer a dire fate of financial crisis.

 However, people use 3 different kinds of IQ options in India:

•        Demo account, which is a free account through which the investor can practice binary trading without the use of real money.

•        Entry level or standard account, which has the lowest minimum deposit.

•        VIP account, in which a personal manager is provided to help the investor with trading.

 IQ Option Deposit Method in India

 IQ Option offers its customers many ways to make deposits and withdrawals to their trading accounts. There is a minimum deposit of 10 USD/GBP/EUR. You can choose your own preferred form of deposit, and IQ Option does not charge any fees for depositing funds.

 To make your first deposit, the first step is you need to go through is the account verification process, which in the EU involves adding your personal information, phone numbers, adding your trading experience and uploading photo identification. Different countries will have different requirements and also will need verification to make withdrawals from the site.

 Risk Warning: Always remember that with trading, you should know the risks beforehand – these are volatile markets where it is completely possible to lose a large amount of money if you do not know what you are doing. Make sure to do your research, learn the platform inside out and never risk more money than you can afford to lose.

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Jezzy Ashton

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Jezzy Ashton
Joined: June 6th, 2019
Articles Posted: 27

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