Binary Options in India?

samkris94

So in India, Forex trading and Gambling is illegal. BO has elements of both. Is there anyone in this community who trades BO in India? Is it legal? I have been searching online for months for an answer but there isn't any clear cut explanation. Some say it's illegal, others say it's not. I'm confused.

BryanMac

this is a good read

http://www.marketcalls.in/forex/forex-trading-in-india-legal-or-illegal-a-critical-analysis.html

samkris94

Thanks for the link Bryan. It still doesn't address Binary Options though. What is your opinion? Looks like I may have to move out of the country. lol

pdomico

I am very new to this but I have noticed that some brokers are outside of the US, which makes me wonder if it's sketchy for me. I do have a partner from India that does forex trading, including binary.

Yozshujind

Just caught this thread, why do you need any explanations ? Simply look online for some broker who will accept people from India to Forex, Gambling or BO and collect reviews about them and their regulators and then decide for yourself is it worth it and that's it;)

Gook32

I am also not sure if BOs are allowed to trade in India. You might ask your broker if you are dealing with one, and just ask for his advise what would be best way to approach to this issue, and switch any local trading bans

Samuhn74

I am more than sure it's banned in india it was discussed on very major indian trading forums like for example tradingj.com and tradingqna.com and some other similar to that so go figure that please. Can you ? I am sure you will do that. Let's try out all that.

Hulapointik

I am more than sure it's already not worthy to touch binary options in India or whatever other country, do switch to something which is much more reliable and compatible. Can you please do that or we need to make it all ourselfs or not ? I do hope to make it wonder.