Is binary trading allowed in India? I’ve heard it’s illegal, but some people say otherwise. I’m confused about whether I should try it. Can you clarify if binary trading is legal in India?

Apni Law
Apni Law
Law Forum › Category: Banking / Finance › Is binary trading allowed in India? I’ve heard it’s illegal, but some people say otherwise. I’m confused about whether I should try it. Can you clarify if binary trading is legal in India?
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Apni Law Staff asked 2 years ago

Is binary trading allowed in India? I’ve heard it’s illegal, but some people say otherwise. I’m confused about whether I should try it. Can you clarify if binary trading is legal in India?

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Best Answer

Apni Law Staff answered 2 years ago

Binary options trading is currently not regulated in India. While there are no specific laws prohibiting it, the Securities and Exchange Board of India (SEBI) has issued warnings against such platforms due to their high-risk nature and lack of regulatory oversight. Therefore, engaging in binary options trading in India is considered risky and may not be advisable.

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