In recent years, there has been augmented growth in binary trading option in India. Many investors are willing to invest in binary options because they can make money doesn’t matter if the market is trending or not.
Along with that, it doesn’t require a huge amount of money to invest. But there are many investors in India who are still unaware of the Binary. In this blog, we are going to tell you all the aspects of binary option trading.
What Is Binary Trading and How IQ Option Legal in India?
It is a financial product in which the payoff is either in the form of a fixed monetary amount or nothing at all. Binary option trading is one of the simplest forms of trading options that enables investors on whether the price is speculated or not in the future. Understanding the working principle of binary options trading is A trader assumes that Tata motors stock price will touch Rs. 950 in a month.
He fixed the binary payoff at Rs. 500. At the time of the expiry date, the option closes at Rs.955 which is near its prediction, so he will receive Rs.500. In the event, if it has closed below Rs.950 the trader will get nothing. Hence, this is a simple binary trading methodology. If the IQ Option legal in India, any investor can make money from this.
Is Binary Trading Legal in India?
When it comes to binary trading with IQ option legal in India, there are a lot of questions among the traders whether it is safe to play binary trading in India or not. Though binary trading is one of the easiest forms of trading and gives you a huge profit, there are some countries that prohibit it, in which India is the one.
As per the Reserve Bank of India guidelines, traders of India cannot do any type of foreign online trading. Binary trading with IQ option is completely against the law and prohibited. The Foreign Exchange and Management Act prohibits traders to participate in any form of forex trading. Hence, the binary trading option in India is good for nothing.
The popularity of IQ Option in India
Indian traders are prohibited from the premium investment options like blue stocks and private property. They can get high returns of investment on spending small capital. There are several motivations to choose binary trading with iq option legal in India.
You can start IQ option trading in India with a relatively small amount and earn a lot of money by taking the help of the broker. The IQ option trading registration process is very simple. Once you have created an account for trading all you need is to do an IQ option login.
There are no doubt IQ options in India will keep growing exponentially and gaining the acceptance of the traders due to its great level of services. If you want to trade with a trusted agent then the IQ option is the best for you.
Opening an IQ Option Account in India
The IQ option provides binary option trading along with a host of other trading options. It is excess in 150 countries accumulating a large number the user base. If you are willing to open an IQ option in India, then you have come to the right place. Now, we are going to tell you how a trader in India can open an IQ option account effortlessly.
Steps to Open an IQ Option Account in India:
Indian traders who are willing to open IQ option account for trading, first need to get a national ID for a guarantee against money laundering. They have to show their PAN ID to verify the account. Below we have mentioned the steps of opening an IQ option account in India.
Step1: First head over to the official website of the IQ option and duly filled an application form.
Step2: After filling in all the mandatory details, switch to the profile section to complete the phone number verification.
Step3: Traders can also send their PAN address is recommended.
Step4: You will get a verification email at your email address or a phone number.
Step5: Once the verification process has been completed, you can deposit the amount and start IQ option trading.
We have researched a lot about IQ option legal in India. And we have come to the conclusion that binary trading is not prohibited in India, but forex trading is prohibited. As per the RBI guidelines traders can trade in EUR- USD, GB-USD, and USD- JPY. So as per the RBI guidelines, it is legal to trade in currency. As per the current rules, the IQ option is legal in India because it is one of the most authentic brokers in the market.