Is IQ Option A Reputable Broker In India?


Posted July 13, 2019 by Zayne25

IQ Options still remains as one of the best ways to make money in trading communities around the world and India is no different.

 
India is the second to the most populous country in the world that is home to one of the largest group of working class people, who have an increased affinity towards investing in the various opportunities available throughout the globe. IQ Options still remains as one of the best ways to make money in trading communities around the world and India is no different.

When looking for a binary options broker, a good place to begin is the IQ Option. It is considered one of the most reputable and innovative online trading platforms in the binary options industry. Regardless of the traders' profession and experience level, are offered all the essential tools and features to start trading such as a demo account, an intuitive platform, and a good variety of assets. Advanced features are available for more seasoned traders while beginners will appreciate the easy-to-use interface of the broker and the educational materials available. They can also start with a low minimum deposit of $10 and, if successful, get a 91% payout.

It’s one of some brokers that open a truly free demo account. You don’t have to deposit any amount before you’re given access to the demo account. Furthermore, opening an account is very fast and simple. The platform is also an intuitive trading venue where you have charts with various viewing options and a rich set of information you can maximize. Due to its wide range of payment options available, depositing and withdrawing of funds is extremely convenient.

Is IQ Option legal in India?
“Is IQ option legal in India? This is the most important question that Indian traders always ask. However, even though Binary Options trading is a very popular form of trading globally, there are some countries where it is outlawed completely, and India is one of them.

According to the directives laid down by the Reserve Bank of India, any form of online trading of foreign exchange is not legal. Two major regulatory bodies, namely the Reserve Bank of India and the Securities and Exchange Board of India regulate the financial sector of the country, which does not encourage any investment related to Binary Options or Forex. And since the binary option is not legal in India, so IQ option does not hold a legal status here.

However, people use 3 different kinds of IQ options in India:
• Demo account, is a free account which the investor can practice binary trading without using real money.
• Entry level or standard account, which has the lowest minimum deposit.
• VIP account, in which a personal manager is provided to help the investor with trading.

Therefore, with no laws or rules to regulate binary trading in India, investors who are involved in binary options in India must do their own risk. There is no legal support available to a trader who gets involved in an IQ option scam of binary trading in India. There are many fake websites all over the internet that scam people and end up stealing their and money and information.

General Risk Warning:
Binary options trading brings a high level of risk and can result in the loss of all your investment. Make sure to do your research to guarantee you will be dealing with legitimate Brokers, learn the platform inside out and never risk more money than you cannot afford to lose.

Click on the link to learn more
https://www.binaryoptiontrading.in/iq-option-india/
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Issued By Zayne Alvarez
Country Philippines
Categories Finance
Tags iq option india , is iq option legal in india
Last Updated February 6, 2020