Is IQ Option Legit In India?

Posted by Zandra Faye on August 22nd, 2019

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

When looking for a binary options broker, a good place to begin is the IQ Option India. It is recognized as one of the most reputable and innovative online trading platforms in the binary options industry. Regardless of the traders' profession and experience level, are offered all the essential tools and features to start trading such as a demo account, an intuitive platform, and an excellent variety of assets. Advanced features are available for more seasoned traders while beginners will appreciate the easy-to-use interface of the broker and the educational materials available. They can also start with a low minimum deposit of and, if successful, get a 91% payout.

Is IQ Option legal in India?

This is the most important question that Indian traders always ask.  Binary Options trading is a very popular form of trading globally, however, there are some countries where it is outlawed completely, and India is one of them.

According to the two major regulatory bodies, such as the Reserve Bank of India and the Securities and Exchange Board of India regulate the financial sector of the country, that any form of online trading or foreign exchange is not legal.  It does not encourage any investment related to Binary Options or Forex trading.  And since the binary option is not legal in India, therefore, IQ option does not hold a legal status here.

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.

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

A demo account is a free account which the investor can practice binary trading without using real money.

Entry-level or standard account, which has the lowest minimum deposit of . The basic account includes, withdraw options and functionality as the higher level accounts.

VIP account, in which a personal manager is provided to help the investor with trading. The trader needs to deposit 00 or more in one deposit. Benefits include Higher Payouts, Entry to larger tournaments, with prizes up to 0,000 and Educational materials are exclusive to VIP account holders.

It’s one of some brokers that open a truly free demo account. You don’t have to deposit any amount before you’re given access to the demo account. Furthermore, opening an account is very fast and simple. The platform is also an intuitive trading venue where you have charts with various viewing options and a rich set of information you can maximize. Due to its wide range of payment options available, depositing and withdrawing of funds is extremely convenient.