With the rise of new political leadership that has pledged substantial economic reforms, India’s economy is among the fastest-growing economies in the world.

Binary Options has gained popularity in India quickly. It is a great opportunity to earn a second income or as a way to work from home. With more investors who want to invest and with the increased use of smartphones, Binary Options trading is now more accessible than ever.
The growth of online trading has been enormous and India is not behind. However, India still has a majority of people who are unaware of how binary options application works, and especially its legality.

Is Binary Options legal in India?
But unfortunately, unlike several other countries, Binary Options are not legal in India. This was implemented by the Reserve Bank of India, binary trading or any form of online trading of foreign exchange is illegal in India. The financial sector in India is primarily regulated by the RBI and Securities and Exchange Board of India (SEBI), which do not favor investing in binary options in India. But you will still be able to trade in options with the help of other registered brokers across the world. That means Indians are free to invest in options marketing like other countries. However, you must also realize that if anything goes wrong, none of the organizations (SEBI and RBI) will interfere in the matter & you'll need to deal with the issue by yourself.

How to select Binary brokers in India?
Things you need to consider when choosing for the best binary brokers.
Reviews: When doing research, read the reviews of other traders. Find the best information on one page instead of checking tens of other sites and forums.

Banking: Some brokers make it so hard to deposit or withdraw money. They sometimes don’t accept your preferred payment method or don’t send you the withdrawal on time. Easy and secure banking options are really important.
Safety: This is maybe the most important factor when selecting a binary options broker. There are scam brokers who make false promises. Be careful when looking for the safest and most secure trading platforms.
Licenses and Regulations: when looking for the best binary options broker, also look at their licenses and regulations. A regulated broker is always secured than an unregulated one.

Platform: Traders need an easy to use trading platform that is simple and intuitive, with many functions.

Good Customer Support: When you have a question, the customer support is always there for you. What happens if something goes wrong? This is one of the things that may be of concern using an offshore broker. What if you have a question or need help with an issue? Always look for the customer support options that they offer. Good brokers have customer support advisors that will be able to help you via live chat, email, and telephone.

Final Words:
Binary Options Trading in India is expanding day by day. In the future, we might even see Indian financial organizations setting up regulations & guidelines in regards to trading in the options market. The market undoubtedly has potential to unlimited earnings however you must also not disregard the odds of losing your money too! It is good to first assess how much risk you are ready to in order to make wise decisions. In the end, it is your cash which you need to invest in the best possible manner. Make sure to do your research to guarantee you will be dealing with legitimate Brokers.

Click on the link below to learn more.
https://www.binaryoptiontrading.in/