A Binary option is a type of derivate option where a trader makes a bet. The option holder would receive no money from all popular stocks like Cisco, Google is available in trade.
Yes, it is sure that unlike many other countries, binary options are not illegal in India. As per the guidelines provided by the Reserve Bank of India, binary trading or any form of online trading or betting with foreign exchanges is not legal in India.
Binary options with IQ options like Forex, Stocks, ETFs, and other trading options with the most popular assets such as Tesla, Google, Amazon, and more are more profitable.
So In India, there is no legal rule that makes Binary Options illegal in India. Binary options like Olymp Trade Binomo is not illegal in India. But there is no legal rule that controlled by SEBI or RBI( Reserve Bank of India). If you have some issue with these Binary Options the authorities can't help you out.
If you want Binary Options like Binamo or Olymp Trade you can help from Betchips. They help you take these and help to out of any issue of Binary options
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