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Is binary option trading legal in India
09-Mar-2023 (In Startup Law)
Hello Sir/Mam, I want to start Binary option trading but somewhere I read that its illegal in India but somewhere I read that its legal with some currency. But when I contacted some broker companies like IQ option then they told that its legal in Indian so would you please tell me about the issue. Thankyou
Binary option trading is legal in India only if you are doing the binary option trading in Indian currency. Any other way of doing business in binary option trading is not allowed in India as it hampers the forex reserves of Indian government.
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Adv. Pulkit Prakash
Delhi | 400+ Answers
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I think I already this question before on another platform also, you cannot run provided there is trick to it IQ and all not incorporated in India, so your office HQ and business of place has to be outside India, rest please get in touch I have answered this question in different platform also, and we have incorporated a company for Indian client doing the same business.
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Adv. Nischal Arvind Singh
Delhi | 25+ Answers
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What is your execution modus opernedi cash-or-nothing binary option or asset-or-nothing binary option. Never the less not going into your way of operation. If you can operate in such a way that it doesn't fall in betting domain and you are able to maintain trust account for client operation and maintain non partisan trading with your company's full liability of transactions you can very well undertake it.
No problems will be caused if you operate as a non-partisan party and stay elusive of expeditious betting ambit your can go ahead with your business mode on the lines commodity exchanges
No problems will be caused if you operate as a non-partisan party and stay elusive of expeditious betting ambit your can go ahead with your business mode on the lines commodity exchanges
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Advoacte Amit Kumar Singh
Delhi | 25+ Answers
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