Is binary option trading legal in india

Is binary option trading legal in india

/02/05 · As per current rules and regulations, Binary Option is totally legal in India and you can trade in Binary Options and we recommend you to trade in IQ Option as it is currently the best Binary Options broker in the market you can read the complete article from below blogger.comted Reading Time: 4 mins When looking at the legalities of binary options, India is a hotly debated topic. Is it illegal to trade binary options in India? The short answer is "No" it is not illegal to trade online. However, it isn't regulated, and this is where the discrepancies and confusion lie. There is a big difference between unregulated and blogger.com: Robert Sammut 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

Binary options legal in india (blogger.com)?

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. In India, Foreign Exchange or Forex trading is not allowed.

Hence it is legally a crime to involve in Forex trading and is binary option trading legal in india charges of the crime are imprisonment in jail in this country, is binary option trading legal in india. The offence is considered immense, the prediction of intensity can be deduced from this fact that 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, is binary option trading legal in india. Rbi had is binary option trading legal in india 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 92 votes. Advocate Pulkit Prakash. Advocate Pulkit Prakash 4. VIEW PROFILE. Googling your legal issue online?

TALK TO A LAWYER. Popular Corporate Lawyers Advocate Sunil Kumar Bakshi. Advocate Rajesh Rai. Advocate Bala Janaki. Advocate Rajesh K. See More Corporate Lawyers. Advocate Mansi Airi Gambhir. Advocate Mansi Airi Is binary option trading legal in india 5.

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Is IQ Option Legal in India ? Binary Options Trading

Presently it is not legal to trade in Binary options in India through online foreign accounts 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 Binary Option Trading in India | Is Binary Option Legal in India? In India it is legal to trade forex with Indian Exchanges such as the like NSE (National Stock Exchange of India Limited), BSE (Bombay Stock Exchange), MCX-SX (Metropolitan Stock Exchange of India Limited) where these exchanges currently offer 4 pairs (USD/INR, JPY/INR, GBP/INR, EUR/INR) in Derivatives (Futures and Options Estimated Reading Time: 7 mins