Is binary option trading legal in india

Is binary option trading legal in india

Is binary trading legal in India answered by expert corporate lawyer. Get free answers to all your legal queries from experienced lawyers & expert advocates on corporate & other legal Binary option trading has no legal permission in India. Since it is no different from gambling, many countries including India has outlawed the binary option. if you traded at a regulated and licensed broker You have options. If you traded at an unregulated broker, will make it MUCH HARDER to take legal 4.  · Hence binary trading option in India is good for nothing. You might see some different answers about whether binary trading is legal in India. Binary Options trading in Demo account with play money is legal in India. Since it is no different from gambling many countries including India has outlawed the binary option

Is binary options trading legal in India? - Quora

Neither the Forex trading nor the binary trading is illegal in India provided you do it as per the norms of FEMA and SEBI. You need to get yourself registered as a trader as per the SEBI norms and then do your business as per the norms of FEMA only in INR:USD, INR:Euro etc but certainly not online. The internet is not a lawyer and neither are you. Talk to a real lawyer about your legal issue.

You are absolutely correct. Is binary option trading legal in india India, Foreign Exchange or Forex trading is not allowed. Hence it is legally a crime to involve in Forex trading and the charges of the crime are imprisonment in jail in this country. The offence is considered immense, the prediction of intensity can be deduced from this fact is binary option trading legal in india it has been labelled to be non-bailable.

However it is legal to trade forex with Indian Exchanges like NSE, BSE, MCX-SX where they currently offer 4 pairs USDINR, JPYINR, GBPINR, EURINR in Derivatives Futures and Options Segment.

So if you are trading with Indian Brokers whom have membership with the above mentioned Indian Exchanges it is perfectly legal. Also it is legal for Indian Retail traders to invest in overseas equity markets. But margin trading in overseas is suppose to be illegal as per RBI regulation guidelines. Are you talking about bitcoins here?

If yes, please note that so far it is not permitted in India. Rbi had issued a paper though sometime back In this regard. Let us have a word and I can advise you in little more detail in this regard.

Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at LawRato. com and has been responded by one of the Corporate Lawyers at LawRato. com to address the specific facts and details. You may post your specific query based on your facts and details to get a response from one of the Lawyers at LawRato. com or contact a Lawyer of your choice to address your query in detail.

FIND MY LAWYER NOW X. Need Help? I won't keep you waiting. Home Corporate Legal Advice Is binary trading legal in India. Is binary trading legal in India I understand that Forex trading is illegal in India. But, please tell me if Binary Option Trading via online broking sites by registering myself as a Company legal?

If yes, then which type of Company needs to be incorporated and what different types of registrations are required? Thanks in Advance. Anonymous User. Connect with top Corporate lawyers for your specific issue. Connect with a Lawyer. Answers 3 votes. Advocate Pulkit Prakash. Advocate Pulkit Prakash 4. VIEW PROFILE, is binary option trading legal in india. Googling your legal issue online? TALK TO A LAWYER. Popular Corporate Lawyers Advocate Sunil Kumar Bakshi. Advocate Rajesh Rai, is binary option trading legal in india.

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Is Trading Binary Options Legal In India

2. 5. · Is Binary Options Legal In India? I have searched on Quora and Youtube about this issue and also asked this issue with IQ Option team and here is all that I find out from them. 1) Talk with IQ Option Team and Olymp Trade Team: When I talked with IQ Option about this issue that why banks card is not working on your website and is it legal to trade on IQ Option they replied me this you can Estimated Reading Time: 4 mins Binary Options — In my opinion are nothing but glorified way of gambling. Many would say the same about Options Trading on Stocks, Indices, Currency and Commodities. But there is a difference. In Binary Options you take an either/or chance. Your 5.  · Binary option is a financial instrument similar to the likes of forex, and are actually very simple to understand, making them a popular choice for traders who are just starting out in blogger.com of the most commonly traded instrument is a fixed-return type of binary option that provides access to various financial instruments (also known as the underlying assets).Estimated Reading Time: 7 mins