Is it gambling?
This is a subject that comes up often concerning binary options, and it’s absolutely right to ask. The sports betting likeness, for example, makes it look more like a game of luck and less like an investment. But, this isn’t totally fair. Going by the exact description, a lot of what we do in everyday life is gambling, including more common modes of investment. There is always a danger, the chance of a reward, and opportunity in between. The binary nature of this kind of trading can surely make it feel a little bit more like what we think of as a risk. But, so long as traders make cunning choices based on market trends and up-to-date information, this isn’t significantly more like betting than any other method of investment.

Is it legal?
It doesn’t have to be wagering for it to be somewhat crooked, and unluckily, there has been some evidence that popular binary trading platforms do scam their clients. Just lately it was declared that Banc De Binary would be closing, and it seems that one reason why is that this firm organized unconventional platforms to learn the prices of assets and irregularly managed them to guarantee customer losses. People have lots of reasons to protest about fraud in ordinary financial markets, but nothing so clear as this tends to occur in stocks. It has been linked to how casinos rig games or at least weigh them gradually against customers.

Right now there is no sign that binary options trading will totally go away. Though, there have been stringent prohibitions and fines that have at least restricted its range. Binary trading is banned in the U.S., and could conceivably be forbidden in further large countries with major economies in the future. For now, however, it continues as an option for those who want to give it a try despite a clear indication of rigging against clients.
If you’re residing in India, and if you’re planning to venture in the binary options trading field, for a suggestion check our article Is Binomo broker legal in India for more details.

https://www.binaryoptiontrading.in/binomo-review-india/