Is IQ Option India A reliable and Safe Broker?

Posted by Athena on September 29th, 2019

In online trading, there has been a huge growth and India is not behind. Binary options trading has been so popular since its introduction and it really gained popularity in India. However, many Indian traders are still not aware of its legality. So the most important question that Indian traders always ask is “Is IQ Option legal in India?”

Despite its popularity, Binary Options trading is not legal in India. 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. With so many IQ Option scam happening in the world, the government doesn’t want to get involved in any risks. So investors who are involved in binary options in India do so on their own risk.

 3 different kinds of IQ options accounts to choose from:

•       Demo account. This type of account is made for new and experienced traders who want to test new strategies.
•           Real accounts. This type of account is the standard account used for trading with real money. When a trader deposits ,000 or more, they are awarded a VIP account status.
•           VIP accounts. This type of account is the same as standard/real account. However, this type of account has additional features, like personal account manager, free access to tournaments, higher profitability rates, and training material.

 IQ Option Awards

Over the few short years that it has been operational, IQ Option won many awards due to the quality of its services and its reliability. Today, it has been acknowledged as one of the leading brokers in the industry as well. The trader will be pleased to know that IQ Option complies under the jurisdiction of the Cyprus Securities Exchange Commission (CySEC) under the name of holding company IQ Option Europe.

It is also the winner of several awards, such as The Best Binary Options Broker Trading application, Most Innovative Binary Options Broker, Google Play rankings show that its mobile app has been rated as the best binary options trading app across 26 countries, and Most Reliable Binary Options Broker. Click here to gain details about IQ Option India.