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