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Binary options legal in india iqoption. Dear Sir, i want to play binary options, i'm form india please let me know if its legal, and i can play it. Asked 5 months ago in Business Law from Haldia, West Bengal. In India Sebi doesn't allow binary options on regulated derivative exchanges and they are illegal.

Playing of binary options in Forex is very much valid and there is no legal impediment in investing money. However do chose carefully the good firm while investing money. Consult your personal Banker beofre playing in this field as it requires great skill and knowledge of market. There is no provision of law in place as yet which makes it illegal India though BSE, NSE or regional stock exchanges do not allow this type of trading.

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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. 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 an unregulated broker, will make it MUCH HARDER to take legal action. Ask a Lawyer Get legal answers from top-rated lawyers in 1 hour. It's quick, easy, and anonymous! Ask a question Get legal answers from top-rated lawyers. Talk to a lawyer Schedule a minute call with a top-rated lawyer. Hire a lawyer Hire a lawyer for a fixed price.

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