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I want to know whether binary trading is legal with broker like IQ OPTION. According to them it is legal and they say their are a lot of traders from india which trade with them, while some articles say binary trading is illegal in INDIA and is an non-bailable offence.

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2020/04/04 · RBI AND SEBI Says To Not Invest Your Money In Binary Options Trading and Biggest Share Market Investor Like Rakesh Jhunjhunwala and Warren Buffet also consider Binary Options Trading as wasting

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Unlike many other countries, trading on binary options is illegal in India as per the guidelines issued by RBI & FEMA. As per the guidelines, issued by the Reserve Bank of India (RBI), binary trading or any form of online options trading of foreign exchange is not legal in India.

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