Binary Trading India – Is Binary Options legal in India?
Binary Trading India – Binary options trading in India has become quite popular among Indian traders. There are several Binary Options and Fixed Time Trades providers in India accepting local payment methods to help traders start trading easily. Binary Trading India is also called Fixed Time Trading India, or Digital Options India, by different brokers while the core concept of trading remains the same.
The reason for the popularity of Binary Options trading in India is – It is simple to understand the trading concept, it requires a small starting investment as low as $5, and lastly the trading can last as low as 30 seconds. Although understanding Binary Options trading is easy, the risks associated with it are high. If you are successful in a trade, you instantly get a 70% – 95% * return on your investment. You lose 100% of your investment amount for an unsuccessful trade. Hence risk management is vital in binary options trading for you to be a successful trader. However, the specialty of Binary Options trading is that you always know in advance the amount risked in each trade. Hence, the loss can’t exceed the amount you have risked in any particular trade.
Is Binary Binary Options trading legal in India?
It disappoints the traders when it comes to binary options trading in India. Unlike many parts all over the world, it has not got an absolute legal status in India. The main reason behind this is RBI or SEBI does not regulate Binary Options Trading. Therefore, traders in India are yet to see some favorable regulations from the Government for binary trading in India. To specifically answer the question “Is Binary Options legal in India?” – the answer is “No,” it doesn’t have a clear legal status in India.
However, there is no need to be disappointed; here are two options for you to trade Binary Options and Fixed Times Trades in India.
1. Indian traders can legally trade Binary Options by trading in a demo account. Binary Options trading in Demo account with play money is legal in India. Indian traders can have first-hand experience by trading in demo accounts and tournaments. Binary options trading has experienced massive growth over the last decade all over the world. But traders in India are still waiting for the legalization of Binary options trading by the regulator in India.
2. You may start Binary trading in India with Binary Options brokers who are accepting Indian traders. Brokers like IQ Option, Olymp Trade, ExpertOptions, and Quotex do not require a license from Indian regulators to operate their business. Hence, they accept Indian traders to open Binary Options trading account with them.
Open Free Demo Trading Account
Best Binary Options Brokers in India 2023?
Out of so many Binary Options Brokers in the market, you can trust only a few brokers when it comes to investing your hard-earned money. We have considered several factors like Customer service, Payment methods, Verification methods, Ease of trading, Reliability of the trading platform, Availability of advanced features, and Education and training while recommending you these brokers. The list of top Binary Options Brokers for Indian Traders in 2021 are –
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK.
* Amount credited to the account for a successful trade.
How to trade Binary Options in India?
Step 1
Fill the registration form
Once your registration is accepted, you will automatically become the newest member of the IQ Option. You can watch video tutorials to familiarise yourself with Binary Options Trading.
Step 2
Fund Your Account
Like any other business, you need working capital to start trading. So you can start trading by depositing at least $10. Deposit real money only after having enough practice trading Play Money.
Step 3
Start Trading
Select the Asset to trade. Set your trade size. Analyze the price direction. Click CALL or PUT to place a trade. You make up to 91% profit for a correct prediction.
How are the Binary Options Brokers accepting traders from India?
The answer is – the overseas Binary Brokers do not require a license from Indian regulatory bodies like SEBI or RBI for their operation. So Indian traders who have an interest in finding a way to trade options or Forex you can register with IQ Option without any threat. IQ Option is an excellent choice because providing the most reliable and professional platform to trade. Their fund deposit and withdrawal processes are easy and quick. You can check the IQ Option India Review.
If you are not satisfied with the legal status of Binary Options in India, you may choose to have the demo trading in a real market scenario. Some reputed brokers offer free demo trading account and trading competition absolutely free. If you want to experience binary trading in India, the only way to do it legally is through a demo trading account. Check out legal aspects of Forex Trading in India with www.myadvo.in
The Commonly Asked Questions about Binary Options in India
How to trade Binary Options in India?
It is not difficult to trade Binary Options in India. To start binary trading in India, firstly you need to register for a demo or a real account with one of the binary options brokers available in India. The traders can open a demo account to have first-hand experience in Binary options trading. The Indian traders can open demo accounts with recommended brokers. The demo trading gives you the trading experience in REAL MARKET conditions without risking real money. After having enough experience in a demo trading account, you may consider opening a real account.
Learn more about Binary Options with multiple examples from the Binary Options article. Find out and practice the trading strategies – Bollinger Band strategy and MACD Strategy.
How do you find a good binary options broker?
There are several Binary Options brokers in the market. You might have heard of several scam brokers in recent days. Because of the popularity and profitability of Binary Options, there are numerous scam brokers coming up. You must be careful while selecting a broker for your online trading activity. There are a few quick checks you can do before investing with any broker. Check for any adverse reviews about the broker before you start trading with them. The number of years in service with an excellent reputation is a determining factor while selecting the broker for trading. Hence, check out the review of the Binary brokers in India before opening an account with any brokers. Preferably, open a demo trading account to have prior knowledge before investing any real money. Open a free demo trading account with the brokers mentioned on this page.
How to deposit into Binary Options Account from India?
Nowadays, people face problems while making transactions from their Visa and Mastercard to fund their IQ Option Account. This is because of some restrictions from the card-issuing banks as per RBI directives. It can be overcome by using Skrill or Neteller account. Skrill and Neteller accept Indian credit or debit cards to accept funds into their wallet. The Indian traders first fund their e-wallets at Skrill or Neteller, then they fund their Forex or Binary Options account using the Skrill or Neteller wallets. Read more about funding Forex or Binary Options account using Indian credit or debit cards.
Binary Options India – Why people trade Binary Options?
There are lots of opinions about this type of Options trading from Indian traders. Most of the traders say that Binary options are one of the most convenient, transparent, and easy to understand financial trading instrument which has helped many Indian traders to multiply their investment.
However, some people say that Binary Options trading is not right because of the risks involved. One of the good things about this type of trading is that the trader is aware of the risks and returns involved in the trade before entering into it.
Binary Options are one of the most profitable financial trading instruments where the profit is up to 92% for each successful trade. The trader needs to predict the price direction of the asset correctly, which is up or down. However, the trader may lose in investment if the prediction is incorrect.
Binary options trading in India, Is it simple or complicated?
You can start Binary Options trading in India in a few simple ways. You can start practicing in a demo account in few seconds. The process of Binary options is quick, simple, and very profitable, but at the same time, risky. There is a significant possibility that you may lose the invested amount completely. You would have lost $10 in the above-shown example trade if you were wrong in your prediction. If EUR/USD had closed above 1.02052, you would have lost the trade, and your invested amount $10. But its never risky to learn Binary Options in India by opening a FREE DEMO account with brokers. You can start unlimited practice in a demo account without risking any real money.
Hence, it is crucial that you manage the risk in binary options trading, to be a successful trader.
Binary options India – Free Demo Account
Indian traders can have the excitement of Binary Options trading in India. They can start trading in a Demo trading account and participate in tournaments. It will enhance your skill of binary options trading in India. You can utilize your trading skills to win several tournaments held by the brokers.
You have the opportunity to educate yourself without taking any risk by trading in a Demo Account with play money. There are high-quality educational videos to help you understand the basics of Binary Options trading. Familiarise yourself with the advanced tools for using them to increase your success rate. So don’t forget to check these educational materials on Binary Options trading.
Binary trading in India – Featured broker
Most of the traders in India prefer to open an account with IQ Option India, as they offer you a free demo trading account. IQ Option also conducts several trading competitions every month; you can participate in them for free or for a nominal fee. IQ Option has recently added Forex and CFD trading to its platform. The Forex, CFD and Binary Options trading, you can trade all three in one single account with IQ Option India. Taste the excitement of Bitcoin trading with IQ Option in India.
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK.
* Amount to be credited to account for a successful trade.
Featured Fixed Time Trade / Binary Options Brokers in India
The common problem faced by most of the traders in India is Fund Deposit and Fund Withdrawal with the brokers. Most of the time the fund deposit fails due to the decline of Credit and Debit card by the banks. Keeping in these issues faced by Indian traders, Quotex and Expert Option have come up with the popular Indian payment methods, like PayTM, UPI, IMPS, Globe Pay, and NetBanking. Because of these specific deposit methods for Indian traders, we list these two online trading platforms here.
IQ Option
Most of the traders in India prefer to open an account with IQ Option India, as they offer you a free demo trading account. IQ Option also conducts several trading competitions every month; you can participate in them for free or for a nominal fee. IQ Option has recently added Forex and CFD trading to its platform. The Forex, CFD, and Binary Options trading, you can trade all three in one single account with IQ Option India. Taste the excitement of Bitcoin trading with IQ Option in India.
Pocket Option
Deposit to Pocket Option account using any of these funding methods –
- MasterCard/Maestro, VISA, NetBanking, Globe Pay, PerfectMoney, WebMoney, or Cryptocurrencies
- Fund withdrawal to your bank account is possible
- Bonus deposit of 50% is available
Check out Pocket Option Review.
ExpertOption
ExpertOption also accepts Indian payment providers like PayTM, UPI, IMPS, and Globe Pay along with other payment options like VISA/ MasterCard, Neteller, Skrill, PerfectMoney, and Crypto payments. Check Expert Option detailed Review.
- Bonus deposit available
- Fast funding and withdrawal process
- Free premium education material on strategies