Is Binary Options Trading Legal in India 2021

The reason why Binary Option is becoming popular is that it is effortless to understand. Online trading is becoming quite popular among Indian traders these days. One of the most lucrative ways to trade online is binary options.

There are numerous Binary options and Fixed Time Trade providers accepting local payment gateways to aid traders in trading effortlessly. The Binary Options Trading concept is plain and simple.

If you want to start trading in binary options, this will be your go-to guide. We will tell you how you can trade in binary options and their legal aspects in India.

You will require a minimal amount to invest, such as $5; the forex trading can last only 30 seconds. Even though you may find Binary options very easy to understand, you must note that the risks involved with them are immensely high. If you make a successful trade, you get returns on your investment as high as 70%-95%, but if your trade is unsuccessful, you lose 100% of your investment.

Risk management is an important aspect you need to learn to become a successful trader. On the brighter side, though, you get to know the amount of risk associated with each trade beforehand. Therefore you can’t lose more than the amount you have already risked.

Implications Of Binary Trading In India. Is It Legal?

It often upsets the traders when it comes to binary options trading in India. The legal status of Binary options in India is in somewhat of a grey area. RBI and SEBI do not control Binary Options in India.

Therefore, Indian traders are a bit hesitant in investing in Binary options. In many parts of the world, Binary Options trading is legal, and the traders in those respective countries can investing in stocks as much as they want in Binary Options. So to answer your question if it’s legal or not. We are afraid we’d have to say, “No.”

How to Trade In Binary Options In India?

Do not be upset; we will tell you about two options that will allow you to trade Binary options and fixed time trades in India.

1. If you want to trade Binary Options legally, you need a demo account. Demo Accounts allow users to play with legal money in India, but eliminating the fear that traders will lose the money or not as SEBI and RBI do not back it.

You, as an Indian trader, can get the first-hand experience by using demo accounts and tournaments. Trading in Binary Options has witnessed immense growth in the last six years. But unfortunately, enthusiastic traders are still waiting on the legalization of  Binary Trading in India.

2. The second way you can trade in Binary options is to trade with brokers that are accepting traders from India. Several brokers such as IQ option, ExpertOptions, Olymp Trade, and their job are middlemen.

These brokers do not need licenses from SEBI or RBI to do their business. They are very welcoming to Indian traders and let them open Binary trading options account with them.

Best Binary Options Brokers In India?

There are several numbers of Binary Brokers in the market, but that does not mean you can trust each of them. Only a few brokers can be trusted when it comes to Binary OPtions trading.

You need to consider several factors, like customer support, payment gateways, availability of advanced features, ease of trading, and verification methods while selecting the best5 brokers for you.

The list of some of the Best Binary Trading Brokers are:

1. IQ options

  • Free educational materials
  • Preferred Binary Options Broker India 2020
  • Free Demo Account
  • Start trading with a $10 deposit
  • Quick and easy funding
  • Award-winning trading platform

2. Binimo

  • At Least $5 deposit
  • Free Demo Account
  • Quick funding and withdrawal
  • Quick account opening and verification
  • Free education and training
  • Accepts PayTM for Indian Users

3. Expert Opinion

  • The trading account starts with a $10 deposit
  • High-performance App from Desktop, iOS, and Android
  • One-click practice account with $10,000
  • Safe and secure trading in a transparent environment

4. Olymp Trade

  • $10 minimum deposit
  • Free Demo and education
  • Quick account opening and verification
  • Bonus on deposit available
  • Accepts Indian traders
  • Recommended for Fixed Time Trading

How are Binary Options Trading Brokers Accepting Traders From India?

The main reason for this is, the foreign Binary Brokers do not need a license from regulatory bodies like RBI and SEBI for them to operate. You can register with IQ Option without worrying much. We suggest you use IQ Option as it provides the most trustable platform to trade in Binary Options. Some well-known brokers give free demo accounts for absolutely free. So if you want to trade in binary options in India, then the only way to do it is by using a demo trading account.

How Can You Get Started With Binary Options Trading in India?

If you want to be a trader, you can open a demo account to experience Binary options trading. It gives you real market-like conditions so that you can trade without risking real money. After you have gathered enough experience using the demo account, you can think about opening a real account.

How To Get Yourself A Trustworthy Broker?

You can find several Binary Options Trading brokers in the market. As the popularity of brokers is rising, so are the scams in the market. You need to ensure that while choosing a broker for trading, you read the reviews of the broker’s past experiences, check the number of years he has been in business, and see what other traders are saying about that particular broker.

Conclusion

Binary Trading Option is a good source of income for many traders, but the only two reasons why traders are hesitant to invest money is the high-risk factor and its legal status in India. Therefore, it is advisable to begin trading with demo accounts.

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About Juliana Murray

Juliana Murray is the man behind TheDatingDairy, a blog solely focused on dating guides, tips and advice. Juliana loves essay writing and blogs at EssayWritingGuides from her college days.
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