Binary Options trading is one of the recent trends catching up amongst the Indian traders. However, due to increasing fraud in online financial transactions, it is strongly recommended to take the precautionary measures and trade just through accredited and trusted brokers only. If you are looking for reliable broker Olymp Trade is one of the names that many proficient Indian traders vote for.
We are still getting more and more questions and comments regarding this broker and about trading generally (if it’s legal in India or not), so we decided to prepare this article in which (we hope) you will find all the answers. Let’s go!
Is trading Bianry Option is legal in India?
Although trading in binary options is legal in many countries but the RBI (reserve bank of India) has restricted the Indian residents from forex and other offshore options of trading under the Foreign Exchange and Management Act (FEMA) regulations. Indian financial authorities like SEBI do not regulate binary options. So binary options are illegal in India. But you can trade! How?
The brokers do not require a license from Indian regulatory bodies like SEBI or RBI. So Indians who are looking to find a way to trade binary options or forex you can use broker Olymp Trade without any threat. Today we will talk about binary options trading with this broker. OlympTrade is a great choice because provide the most reliable and professional platform and also withdraws and deposits can be made really easy. There are not any restrictions – you don’t need to worry!
Why trade Binary Options?
We are getting a lot of messages about this type of trading from Indian traders. Some say that binary options are one of the most convenient, transparent, and easy to understand trading instrument that has helped many Indian traders multiply their investment fast. Also, there is the other group of people who say that binary options are bad, but these are usually that once who underestimate the risks. One of the good things about his trading is that the trader is duly aware of all the risks and returns involved in trade even before entering into it.
Traders who want to start with this financial instrument don’t need to learn or know the various complex technical and quantitative tools for executing the trade. In the beginning, only things you need to understand is technical analysis, fundamental analysis, and basics of money management. On our website, we have prepared a lot of articles about these (and also other) topics that will help you to trade.
Options are indeed one of the most profitable financial instruments for traders where the profit may reach up to 92% if a trader goes through an experienced broker like Olymp Trade. All that trader needs to do is to predict the correct direction of the asset that is up or down.
Above and beyond, recognized brokers like Olymp Trade also take the effort to educate traders about the risk involved and practical techniques for making profitable trade by providing them with trading materials in their trading academies. So don’t forget to check these materials.
Olymp Trade – Good broker for Indian traders
Reliability, professionalism and a good trading platform, that are the hallmarks of any successful broker. Olymp Trade is offering its exclusive services in the market since 2014 and also a member of the Financial Commission of A category. Membership of International Financial Commission is a yet another feather in the cap that displays the dependability and sincerity of this firm when it comes to providing quality services. If you still don’t know if this broker is right for you, read our article: Olymptrade – Legitimate Platform or a Scam?
As we said at the beginning we are getting a lot of questions, and one of them is – how to register to Olymp Trade’s platform. It’s very simple, go to > Olymp Trade registration form < and fill all required info (email and password).
Now you will be redirected to the platform, where you can start trading with a demo account with demo money of $10000. Or you can deposit your real money. The minimum amount for deposit is $10 and can trade with as low as $1 with a real account.
You have many options how to deposit to the platform, check the list below:
I guess that everybody will find a way, how to deposit to this broker. There are many ways.
Before you will want to withdraw your funds, to make the registration complete, you need to verify your trading account. For the complete profile info you will need following documents (these are required):
- A clear color copy (scan/photo) passport or national ID card for personal identification.
- A “selfie“ photo of the same person with its passport and the detail of the document seen
- Screenshot of bank transaction or e-wallet with payment confirmation.
Share all necessary documents to the e-mail address that you get in the registration email. Usually, it’s this – firstname.lastname@example.org – but make sure it’s 100% right. Send all documents together with the login email address. Confirmation email notification of validation usually takes 1-3 days, but can take up to five business days.
Detailed info about the verification process, you will find more info in our OlympTrade review.
Binary options trading is a trading instrument that anyone and everyone can use. Reason being, this is one of the tools where you can efficiently manage the risk and require the least investment with an opportunity of exponential returns. Support and guidance of an established broker like Olymp trade will ensure that you are doing it most efficiently and safely.
Never start trading on real account if you don’t have any experience. You need to have proper knowledge and experience. Never forget that when you are trading you are risking your money, it’s not that easy how you may think. Be careful and remember that you shouldn’t trade with money that you can’t afford to lose. Good luck!