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Binary trading legal in india
02-Sep-2023 (In Banking / Finance Law)
is binary trading legal in india? some persons told not to do online binary trading , it is illeagal in india. so i am confused whether start are not. pl advice whether it is legal or not?
Hi,
Binary options aren't prohibited by the Indian legislation (including THE FOREIGN EXCHANGE MANAGEMENT ACT of 1999). SEBI and Indian Government has not regulated Binary Options, International Forex Trading, Spread Betting, Online Forex Trading with online brokers etc .So, you may assume it is legal in India but it is not regulated. But as far as it's known, international binary options companies have never been banned in India.
Binary options aren't prohibited by the Indian legislation (including THE FOREIGN EXCHANGE MANAGEMENT ACT of 1999). SEBI and Indian Government has not regulated Binary Options, International Forex Trading, Spread Betting, Online Forex Trading with online brokers etc .So, you may assume it is legal in India but it is not regulated. But as far as it's known, international binary options companies have never been banned in India.
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Adv. Shobhan M P
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