Unlike many parts of the world, there is nothing written like doing trade on Binary Options is illegal in India accordingly FMEA Act. But it is illegal to trade Binary Options in India. Binary Options are not traded on BSE, NSE, NCDEX or MCX, the recognized Exchanges in India. Neither do SEBI rules permit trading of Binary Options.
Trading through online brokers in Foreign Currency may lead to violation of FEMA. (Foreign Exchange Management Act).
Any form of betting or gambling and transferring money for lottery, sweep stakes (which covers this binary options/betting under technical definition is illegal under FEMA)
In India the SEBI is the regulatory authority for such trading’s, but there is no licensed broker for this,
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 action.
Even in near future it is made legit it’s pure gambling on options and has a chance of 100 percent and same chance of losing so it’s good to invest in other investments option which have stable and better returns.
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over 4 years ago