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Is Binary option legal in India?

is-binary-option-legal?

The binary option is an instrument as same as forex and easy to understand. It is quite a popular option for

traders that have started trading. The most common instrument is fixed- return kind of binary option that offers

access to many financial instruments. The trading of binary options meant the trading of either a stock or

forex pair. The binary options have an expiration date, price, and time.

 

The question that is bothering you is the binary option legal? It is quite legal in India as forex trading with

exchanges like BSE, NSE and MCX-SX is legal. Hence, if you are doing trading with brokers in India who have

their membership with these Indian exchanges then it is legal in India.

 

Corona wreaks havoc, trading stopped in US, panic in India too ...

So, in this article, we are evaluating how the binary option is legal in India. Let’s see what the Olymp trade team

and IQ option team has to say about the legality of the binary option. According to them, the Binary option is not

banned.

 

Moreover, other financial derivatives or currency pairs like JPY/USD, USD/GBP, CAD/USD are the most traded

forex currencies. These currencies are traded in the global market but Indian brokers don’t deal with them.

Also, other instruments that can increase one’s wealth like margin trading, binary options trading, contract for

differences, and others are not provided by local Indian brokers as the limitations are imposed. So, you can learn

forex online if you want to do binary trading.

 

Although, you can circumvent this area by the use of trustworthy brokers that are global. Some of the global

brokers are 24 options or IQ options. These are the global brokers and are regulated while accountable.

 

They are doing business for more than 10 years. Also, the IQ Option is a renowned binary top trader of the

world that  operates in many countries. Around 40 million traders are using this platform. So, you must

learn to trade the market in the forex.

 

The global brokers operate their business internationally and are regulated in the market. They provide access to

Indians for global financial markets through their independent platforms. These brokers are regulated to work in

the United Kingdom, European Union, and are accepted worldwide. You can open a forex trading account in

India and get the verification done. When the verification process is over then you can do trade with India.

 

Also, deposits and withdrawals are taken care of for the use of digital wallet services that are within the reach of

Indians. These wallet services are Neteller and Skrill that accept debit or credit cards. Many Indian traders are

using IQ options and are earning quite well.

 

How to trade forex online with the binary option?

You must select the trader that is fully regulated throughout the world. The trader must also process the

withdrawals quickly. Your withdrawal must be available in the brokerage account. You must also get an attractive

return on investment. Hence, it is quite important to select the trustworthy, reputed, and regulated broker.

You must be assured that your account is secure and safe. Also, get assured that your trading account is

protected by law.

 

Why Forex Price Action Trading is Best for You?

The binary option of trading is in the grey area but it is not banned in India. If you are thinking that is binary

option legal, then yes it is legal. The traders can trade and access this instrument in India. You can make

withdrawals and deposits with the right broker. Just make sure that your broker is approved, regulated, and

endorsed internationally.

If you will do the trading with an unregulated broker, then you will incur losses. So, select the right broker.

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