This is one of the biggest questions that baffle traders in India the most. There may be several different answers to this question, but the fact is that options brokerage firms and exchanges cannot be legally established in India. Due to the inadequacy of government regulations and recognition, these companies have difficulty entering the Indian market space.

However, Indian traders can participate in options trading. Fortunately, with digital technology, binary options trading is more easily accessible in India than ever. Traders in India can enter the options market through offshore brokers. Since overseas brokers do not fall under the lens of RBI or SEBI, you can register and trade options with them without any restrictions.

Gladly, getting into binary options trading in India is very easy. Given below is a step-by-step process for it. Step 1 Open an account on a binary trading platform. As discussed above, to begin options trading in India, you need to opt for an overseas broker.

Remember to open an account with a reputed broker, as the brokerage company you choose will greatly determine your trading experience. To find a good broker site, it is advisable to:. Once your registration is complete and your account is operational, deposit the working capital to start trading.

Plus, select the type of asset you are interested in trade-in in. At first, it is advisable to go for a demo account that will provide you an overview of binary options trading processes in real-time.

Once you are confident and have practiced enough on a demo account, then move on trading with real money.

Understand and analyze the price trends. So, ensure to review the probability of an outcome and what cost you can stake to reap potential returns. After placing a trade, sit back and relax until the expiration date or time to see the outcome. Lastly, remember that you can even lose the amount you invested, therefore ensure to begin trading with a small amount first. Choosing a reliable Binary Options broker should always be your priority. Keeping this in mind, we recommend you the list of top options broker companies you can rely on to trade regardless of the country where you happen to reside.

io makes it to the top of our list of the best binary options brokers in India. Powered by the most advanced technology, Quotex is an ideal platform designed to address the needs of modern-day traders.

It is regulated by the International Financial Markets Regulatory Center IFMRRC and has also obtained a certificate to operate as a licensed broker. Yet another top-notch binary trading platform that does everything to ensure its users of complete satisfaction.

IQ Option is a legislated platform that comes under the regulatory jurisdiction of four countries, including the UK, Ireland, Malta, and the Isle of Man. This broker lets you trade over financial instruments, inclusive of stocks, commodities, currency pairs, ETFs, cryptocurrency, and Binary Options.

Moreover, the platform is laced with several valuable features to help traders analyze the market and execute trades carrying minimal risk. com is a legal operating broker that assures its customers the highest level of transparency in payments. The platform is regulated by The Financial Regulator of the British Virgin Islands, The Labuan Official Authority, and The Vanuatu regulating authority.

Besides being governed by regulations of these entities, the activities of Binary. com are governed by the current laws of Malta. Thus, Binary.

com is a legit broker firm authorized to deliver trading services internationally. Furthermore, the platform offers both free and paid features to help traders navigate the financial world more effectively.

Even if you are a newbie to trading, the platform will adeptly help you understand the crucial processes and terms. Pocket Option provides its services to traders from over 95 countries. It is also one of the regulated brokers recognized by the IFMRRC International Financial Market Relation Regulation Center. Additionally, to protect traders against any kind of fraud or discrepancy, the Pocket Option platform is secured by a 2-factor-authentication and SSL certificate.

The broker offers you both the practice demo account and the real trading account. Thus, you have the advantage of improving your performance before staking your real money. Olymp Trade is one of the well-known brokers in India. Certified by FinaCom, Olymp Trade is distinguished for focusing on delivering customer-friendly services.

It offers a good choice between account types to help traders gain an excellent experience trading binary options.

The different account types offered by the broker include — Demo account, Standard account, and VIP account. Apart from this, Olymp Trade is a multi-language platform; hence, traders from different parts of the world can access it worry-free. Fortunately, as an options trader in India, you will have access to a considerable number of banking options to process payments.

Also, you can use them to withdraw your profits. Here are the payments options commonly supported by a majority of binary options brokers:. Binary Options trading has witnessed enormous popularity among traders from all levels in India. From newbies to seasoned individuals, there is a stupendous response from investors. Over the years, it has become a valued and credible practice in the financial market.

Especially since , its growth in India has been multi-folds. If still convinced, then check the reasons below why trading Binary Options in India is worth it. Binary trading is well-known for its simplicity. It works on a simple principle and is driven by two outcomes. If your prediction is accurate, you gain a fixed percentage of your investment as profit. And if your prediction is wrong, you gain nothing. Thus, this is how Binary Options trading comes with ease of understanding.

Traders involved in Binary Options are aware of the risk and potential gains they can get with a trade. They only risk the amount they have invested and nothing less or more than that. Plus, there is no risk of leverage with binary trading in India, and you are always protected. Even if you incur a loss, it will be a known amount that you have invested in a particular trade. Every trader aspires to secure fast and high returns. This is what binary options provide you.

Moreover, the expiration period can either be a minute, an hour, or weeks. So, if you want daily binary options, you have the flexibility to trade several times in a day to increase profits. As such, the returns on binary options trading are high and speedy. What Are the Types of Binary Options Trading Available for Traders in India? Options brokers in India offer you several options to capitalize on binary options trading.

These options include:. In this type of trading option, traders need to make a prediction regarding the price movement of an asset which can be either up or down. The correct prediction earns you a fixed profit. In this, you are given two indicators upper and lower , and from this, you need to choose whether the price of an asset will lie under this range or will exit after the reach of the expiration date.

In this case, you are required to provide a certain limit above or below the current value and devise an outcome on whether the price of an asset will attain that specified value or not i. This option is quite difficult and hence deemed suitable for experienced traders only.

In this, you need not only predict the price movement direction but also state the exact value. Regardless of the broker you choose, your earnings from trading are subject to taxation. They are taxed as your salary. You will only have to keep a watch on your earnings and file taxes accordingly. Depending on whether you are a full-time trader or do it as a part-time activity, the income tax you pay will vary.

For full-time traders, tax on their earnings is charged as income. In contrast, for part-time traders who work for supplement income, their earnings are charged at a capital gain rate. The most suitable time to trade is when financial markets are open and are rippling with activities from traders all across the world. However, there is no fixed time to trade in India; you have the flexibility to trade 24 hours a day throughout the week.

Ideally, for US-based stocks and commodities, the suitable trading time is between Monday to Friday from 9 am to pm as per EST eastern standard time. Moreover, for European Markets, the suitable trading time is between 7 am to pm as per GMT standard Greenwich Mean Time. Though trading is available round the clock for optimum benefits, it is advisable to time your trades when traders from prominent countries like London, the US, Australia are active.

You can find out this by checking trading volume on your broker platform. To sum up, as such, there is no legally operating binary options broker in India. But fortunately, you can still try your hands at options trading by opening an account with an overseas trading platform. The aforementioned companies are legit and function in compliance with financial market protocols; thus, you can trade binary options safely and profitably through them.

Furthermore, being a prime growth economy, India has an excellent opportunity for the growth and development of online trading activities. It is garnering large-scale attention from investors.

All in all, it presents a lucrative opportunity for Indian traders to augment their supplemental income in a way that is straightforward and enjoy. Last Updated on November 15, by Andre Witzel. Risk Warning: Your capital can be endangered. Trading Forex, CFD, Binary Options, and other financial instruments carries a high risk of loss and is not suitable for all investors. The information and videos are not an investment recommendation and serve to clarify the market mechanisms.

The texts on this page are not an investment recommendation. Trading Futures and Options on Futures involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Have you ever wondered which brokers are legal in India? We show you not just the legal vendors but also the best one of them:.

Quotex is a binary options broker that works with international clients. This platform hit the market in It allows easy trading and offers a wide range of trading assets.

Seychelles-based Awesomo Ltd. Owns Quotex , which is regulated by an independent regulatory authority — The International Financial Market Relations Regulation Centre IFMRRC. This platform provides services in all countries. The online trading platform IQ Option is one of the top binary options brokers. The platform was established in and offers a wide variety of trading instruments.

The online broker has received many awards and recognition because of its features and services. The company was introduced as a binary options broker, but now it also provides trading in CFDs, Stocks, Forex, etc.

The platform is accessible on smartphones and desktops. Traders from more than two hundred countries can access IQ Option. On this platform, more than one million transactions take place every day. Olymp Trade is an online trading platform that was introduced in the year The platform offers an extensive range of assets and features that differentiate it from other financial service-providing platforms.

More than users trade with Olymp Trade every day. The platform offers a free demo account to every trader who signs up with them. Olymp Trade is a financial commission member. It provides high-quality services; the platform provides excellent support to its traders. The online trading platform was introduced in the year The broker is owned by the company Dolphin corp.

The platform is designed for traders who want to invest in small amounts and promises quality services to their clients. It is one of the Best Binary Options Platforms established in It operates under the company named Gembell Ltd.

The International Financial Market Relations Regulations Center IFMRRC controls this platform. With the growing service sector in India, online trading is becoming popular among the residents of India. It is understood as a viable source for making profits.

Binary options trading in India has become accessible with the increased use of smartphones. However, the Indian binary options trading platforms are facing difficulties because of a lack of regulation by the Indian Government. Ladder shows the preset price level, which helps in dealing with the significant price movement.

You need to predict that the price will finish outside or within. It is the most commonly used binary option.

The trader needs to guess whether the price will go up or down. In this option, there are two levels, the higher and the lower.

The trader has to predict whether the rate of the speculated asset touches the levels. You can close the trade before the expiry time through the touch option. Make sure that the buyer you choose to trade with is regulated by some regulatory system. It is important to select a regulated and licensed broker to avoid loss of money and fraudulent activities. Different brokers provide different trading assets; some provide a limited number of assets, whereas others provide a wide range of assets; make sure that the broker you are trading provides you with the asset you want to trade-in.

It is advisable not to go for very high payouts as they can be risky for new traders. The broker must provide you with good customer support because it assists you in case you face any problem in online trading.

Customer support helps you through chat, email, telephonically. Binary trading in India is perfectly legal if you follow the guidelines of FEMA. You can easily trade with offshore licensed brokers. The Security Exchange Board of India regulates the financial market in India. All financial trading is regulated and licensed under SEBI. It restricts the online trading of financial assets in India.

Binary options trading is not permitted in India. Any kind of online trading in the Forex market is illegal in the country. Which features do they offer Indian traders? Quotex is a web-based platform. As soon as you register for an account, you can start trading.

The price charts and layouts are customizable, and you can view the data in multiple graphs. The deposit and withdrawal options are provided on the top right corner beside the available trading amount. The platform comprises 9 indicators, 4 charts, 14 timeframes, 17 trend figures, and 15 drawing tools.

The transaction history is easily accessible. You can perform copy trading and can easily replicate the strategies of successful users with one click.

The interface of the platform also displays the top 20 earners of the day. Moreover, the KYC and AML protocols guarantee security. The online platform allows trading in a variety of assets. The front screen of the platform shows charts that help you to analyze the movement of the currency. The balance available in the trading account is shown on the top screen. The user interface of IQ Option is very interactive and easy to use.

The trading platform provides you with a demo account in which you can learn how to trade if you are new to online trading. For enhancing the design of the platform, the keys are strategically placed. The trade charts cover half of the page. Up and Down navigation keys are present on the right side of the screen. There is a trading history given in a separate section below the charts.

The customer support link is present at the bottom of the page. In the VIP account, you can chat with your manager. With the help of this tool, you can observe the market conditions and predict your investments. The platform is reliable and can be accessed on any device you wish to operate; you can install the app and use it any time. The platform is easy to use and can be accessed on any device you wish to operate it on; it provides up to twenty analytical tools that help you in reading the charts.

Binomo is regularly updated to give the clients an enhanced experience of the platform. The trade execution is of very high quality with platform efficiency and economic calendars. A wide variety of advanced tools are available that make the platform feature-rich, and anyone can use these features without any difficulty.

Pocket Option is one of the most reliable brokers in the market. The performance of this platform is smooth yet quick. The platform has many drawing tools which enhance chart analysis. Unlike other brokers, Pocket Option can be accessed by US traders as well. The platform has 22 languages. You can use the platform in any language of your choice. If you want to trade online, you need to access a broker that offers a functional mobile app which all the possibilities the desktop version offers.

Using the desktop versions every time and everywhere is impossible; therefore, Quotex brings you the pleasure of using mobile applications. The trading platform is now available to Android and iOS users , and they can download it from their respective app stores.

The app is available on both Android and iOS. You can easily download the app from the google play store or the Apple store. The app consists of all the features of the website, and you can access the app at any point in time.

The mobile app is easy-to-use and consists of all the features available on the website; you can check the status of your investments by simply opening the app on your mobile. Binomo also offers you mobile applications. Android and iOS users can avail this facility on their smartphones.

The finest brokers will offer you this amazing feature where you can perform your trades from your mobile phones.

You can download Pocket Option mobile app from the Apple Store and Google Play Store. io brings you an amenity where you can have support in various languages. The platform provides all the facilities which will make your trading a satisfying experience. With IQ Option, you have the choice to select the account type as per your need. The standard account has more than assets. For beginners, using an account with less investment and a variety of assets is a huge advantage.

Users of the VIP accounts will get extra bonuses, along with a private manager who will provide you with trading tactics and tips.

Furthermore, you will be given monthly trading reports.

Trading binary options online carries with it a lot of risk in the fact that you have to predict an outcome and hope your right. There is no in-between. The prediction is either correct or incorrect. Still, trading in binary options carries with it other risk factors which means you have to find the best platform to place your trades. This is because of several important reasons.

Honesty and Reliability for Payouts is a big motivator to find the best platform. So often in groups and chat rooms, you'll see someone complain about not being able to access their trading account to withdraw the money in it. This is because of the presence of unscrupulous trading platforms out to take advantage of traders.

You go through a smooth and easy registration process, deposit funds into your trading account and place a trade. Once your trade earns you profit, you request a payout and that's when the issues start. The company either disappears altogether and the site shuts down. Since its online, it's that much harder to trace the owners.

Another way used to dupe users is to put wording in the Terms and Conditions that mean you can't access your funds. This is why it's best to trade with platforms that are regulated and licensed. This means they are answerable for their practice and behavior. They, therefore, provide reliable services and accept customer payout requests without any delays. The best in the industry like IQ Option and Olymp Trade takes only about 11 hours max to process a payout request.

How long the company has been in business is another important factor to consider when searching for the best platform. Good and reputable ones have been in existence for years offering topnotch services.

A little research on them shows you how reliable they can be. They are regulated by top boards like the International Finance Corporation and have years of online trading experience under their belt. This is crucial because you want to trust your money with a platform that knows what it is doing.

From time to time you'll need some assistance or have a question that needs immediate answers. Find a platform that has reliable customer support. Top companies like Binomo have a response time of only 15 seconds for live chat sessions.

You don't have to wait for long to get a response on a crucial matter that affects your placed trades or account. This platform must have different modes of communication to use including live chat, direct phone lines, physical offices, email, and active social media pages.

You can use any of them to reach out. The platform you choose has to have a functional and user-friendly app that you can easily download onto your phone or tablet. With an app, you become more mobile as you place your trades and keep an eye on them. You don't have to spend the better part of your day glued in front of a desktop placing trades and waiting for their outcomes. With the right platform, the app functions well and has all the features of the main website meaning you won't miss out on any important aspect when using your mobile device.

The best platforms have their licenses in order and are regulated by top financial boards in the world like the IFC. This makes them reliable and trustworthy because they offer services that are transparent and benefit their users. When looking for a platform to place trades, this should be one of the areas you look into to prove the legitimacy of that website. Those are regulated must follow a strict code of conduct which includes favorable Terms and Conditions without any wordings that may harm users.

A platform that wants you to win in binary trading gives you a chance to practice through a demo account. com, for example, gives you a demo account with Use this money to practice trading as much as you can until you're confident in your skills. Only after doing this should you set up a standard account and start placing trades. You are not permitted to withdraw profits obtained using virtual funds but you get invaluable training. How much must you deposit into your trading account to place trades?

Top platforms like Olymp Trade and Binary. This means you can start small as a beginner and learn to trade before depositing huge sums of money. You can always upgrade your account later when you get the hang of things.

You want a platform that doesn't play games when it comes to payouts. Some try to hide certain terms in the terms and Conditions either limiting how much you can withdraw or sneaking in extra charges. There are even platforms that outright deny your withdrawal request. You need to select one that has a fast payout rate and a proven track record of this. One way to learn the reputation of a company is not in what is said, it's about the activity on its platform.

Top platforms have thousands of active users and millions of registered members. This means many people trust it with their money and time. IQ Option has Choosing a reliable and honest platform should be your priority to avoid those that are out to take advantage of you.

You can do this by checking into several aspects of potential platforms you want to use for placing trades. As you start in binary trading, you might not be completely green. There is a reason you were drawn to this, maybe a friend is doing well and you want the same. This prompted you to start researching platforms.

Well, start by putting the customer support for these platforms, maybe your top 4, to the test. Make inquiries on their chat sessions and note how fast they respond. Also, when they respond, is it helpful or its just fast jargon that you can't understand? The best platform is the one that takes time to help you through your trading problem making sure you understand everything before they leave you to continue. How they greet you and sign off matters as well. The best platforms are those that are concerned for their users, especially beginners.

They have educative materials to help you. This comes in the form of blogs, glossary, FAQ, and even video tutorials that hold your hand throughout the first steps in binary trading. These materials aren't sold to you. Companies that sell them are out to make money and have no interest in helping you out. With proper training and information, you don't feel very unsure as you start placing trades because the company cared enough to help you learn what to do.

They are long and seemingly boring to read but you have to. Never skip reading through the Terms and Conditions of a platform. In the future, you might find yourself in a bind due to one or two that limit you on that platform. The best websites like IQ Option and Olymp Trade need to adhere to ethical practices so they have very standard Terms and Conditions. The same can't be said for all platforms.

Some choose to be sneaky and limit payouts or even hinder them with long periods of waiting. Take your time and read through them from start to finish.

Any part you don't understand, get it clarified by the customer support. The interface of the platform you choose has to be very user-friendly. This means it loads easily and at first glance of the homepage, you can understand all the content on it. You want a platform that keeps information and details simple and doesn't use complex words to throw you off. Some platforms make their pages very complicated in a bid to frustrate the user, especially when looking for information on certain areas like payouts.

Check a page that has all that you need and you can understand it at first glance. A user-friendly interface helps you relax as you start using the platform to place trades.

This is a feature that you can find on some platforms where algorithms are availed to help you choose the right trades to place. The math is done in advance and you get the information in the form of helpful tips pointing you in the right direction. As a beginner, this can be a very helpful characteristic to look for in the first platform you sign up to. Make sure the platform is helpful and not leading you in the wrong direction.

You can read user reviews to see if its automatic trading tips are helpful or are a waste of time. There are parts of the world where binary options are illegal but for the rest of it, it's legal but heavily regulated. Platforms that have binary trading have to adhere to certain rules as per the regulating authorities. Only the companies that accept to be regulated and follow set regulations should be in your list of potential platforms. As you research the websites, check for those that are regulated and by whom?

You can go a step further and contact these regulating authorities for a recommendation of the best platforms for binary trading. You're about to start placing trades using real money so it's best to be in good hands from the very start. Not all platforms are regulated as some refuse to open their operations to scrutiny by regulating bodies and authorities. This mostly means these are the ones with something to hide and don't run their operations ethically.

Steer clear of platforms that have no licenses or regulators to keep them accountable. The best like IQ Option and Binary. com are not only fully licensed to operate but are regulated by top bodies like the IFC International Finance Commission.

But fortunately, you can still try your hands at options trading by opening an account with an overseas trading platform. Only after doing this should you set up a standard account and start placing trades. If you are not allowed to use it leave this website. He is one of the top traders in India and has a net worth of Rs. However, Indian traders can participate in options trading. Otherwise you will be prompted again when opening a new browser window or new a tab. This is a great consideration because many people are not native English speakers.

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