IS IQ OPTION LEGAL IN INDIA? – REVIEW 2020
Is IQ Option legal in India or not? – Binary Options Broker Review 2020! – Find it out on this page. I will show you how to trade Binary Options legal with a reliable broker and tell you more about the company IQ Option. You will read about step by step tutorials for beginners and how to be safe in investing in the financial markets.
Is it legal to trade Binary Options with IQ Option in India?
IQ Option is fully legal in India. It is a European company which accepts international customers. The most popular product is Binary Options. You can bet on rising and falling financial markets. It is fully legal and there are no restrictions for Indian traders.
WHAT IS IQ OPTION? – COMPANY PRESENTED
IQ Option is an international Broker for different financial instruments. You can invest on their platform with only one click to get a higher return. IQ Option is based in Europe and the headquarters is in Cyprus. Since 2013 the company offers to trade Binary Options by an investment of only 1$. At the moment you can trade more than 500 different markets on the platform.
Regulation and safety for traders are also required. The customer funds are separated from the companies funds. IQ Option uses the biggest European Banks for the transactions. In addition, the company is regulated in Europe and got different licenses. Trades can use different secure mechanism for the trading account (2-factor-authentification).
Indian Traders get support 24/7 hours a day. There is phone-, chat-, and email support which speaks more than 20 different languages. Furthermore, Indian Banks and regulated transaction methods are available for deposit and withdrawals of the customer’s fund. Another big advantage is the user-friendly platform. It is easy to learn how to trade and do technical analysis. In conclusion IQ Option is one of the safest companies for trading Binary Options in India!
Why you should open an account with IQ Option:
- Regulated and licensed European company
- Indian Traders are welcome
- Support in more than 20 languages
- Start investing with only 10$ deposit
- The best customizable platform
- Binary Options up to 95% return on investment
- Free Demo Account with 10.000$
Are there restrictions for Binary Options Trader in India?
As mentioned before Binary Options in India are fully legal. There are no restrictions for Indian Traders. As a customer you can open directly for free you account with IQ Option. The Broker will ask you for your personal details and information. The account is opened in less than 60 seconds.
Indian Traders can use the platform without verification, but I recommend to do that before you trade with real money. After you filled out the full account data you can use every function of the platform. Beginners can try Binary Options with the Demo Account. This is an account with virtual money which imitates the real money trading.
Indian Traders are welcome to IQ Option. Indian support is available on phone, chat, and email. In the next section, I will show you how to trade and how to deposit and earn money.
Deposit and withdrawal for Indian Traders
The minimum deposit is only 10$ and the minimum investment amount of one trade 1$. There is also no restriction for the withdrawal of money and profit. Indian Trades can use different methods for their deposit and withdrawal. In the following points, I will show you which methods you can use.
It is very easy to do financial transactions on the platform. The broker offers different electronic methods for the deposit and withdrawal. The money is directly credited to your trading account.
Use the following methods in India:
- Bank Cards (Visa, Mastercard)
- Perfect Money
- Web Money
How do Binary Options work in India?
In the following section, I will tell you how Binary Options are working for Indian Traders. Binary Options are contracts for betting on rising or falling markets. Traders can start their investment with only 1$ and get a possible return of more than 90%. Binary Options can be used for investing in Forex, Commodities, Stocks, and Cryptocurrencies.
Binary Options can be used for short-term and long-term trading. There is the option to finish a trade in less than 60 seconds and get a high return of 90%. There are only 2 options. Traders lose their investment amount or get a high return. Every Binary Option got their own expiry time. Only at the end of the expiry time, you will see if it is a loss or a winning trade.
Make a forecast of a market and trade in the predicted direction. The price has to be higher or lower than your entry point to get the high return. The yield is always depending on the markets, expiry time and market conditions. In the lower video, you will see a complete tutorial in English for Indian Traders:
Step by step guide:
- Use different analysis tools for making a forecast for the price.
- Choose an investment amount (starting from 1$).
- Choose an expiry time of the trade.
- Trade Call (for rising price) or Put (for falling price) options.
- Earn your profit or loss after the expiry time.
First, use the Demo Account for practice
Personally, I recommend to every trader to use the free demo account for practice Binary Options. Beginners should learn about the platform and how Binary Options are working. IQ Option offers a completely free account for practice. With only one click you can reload the account balance. Try out new strategies or markets in this account.
It is risk-free trading with virtual money. After you feel comfortable and made your first profits, you can try to spend real money on the platform. The biggest advantage of IQ Option is that you can start with a small amount of money like 1$.
Expiry time for Binary Options
Another important point to mention is the expiry time of Binary Options. Before the investment Indian Traders can choose an expiry time on the platform. IQ Option offers a huge range of expiry time for their options. The expiry time is starting from 60 seconds up to 1 month or longer.
From my experience, for beginners, it is easier to make profits in the larger timeframes and use longer expiry time. In my opinion, short-term trades are for advanced traders. You need more concentration and expertise in trading them. The markets are moving very fast in the shorter timeframes and this can be hard to practice for beginners.
Support and service for Indian Traders
On the one hand, traders need a good working platform/broker and on the other hand, there should be good working support. IQ Option offers a huge range of support and service for its customers. I tested the support and I can say that there are professional support workers who know exactly how the platform is working.
IQ Options offers phone, chat, and email support in more than 20 different languages. In Cyprus and other branches, there is a huge team which is working 24 hours every day. In the platform, you can click on the chat symbol and start the support. In addition, you can chat with other traders around the world. For clients with deposits of more than 3000$, there are VIP-Support managers.
Another important point is the education for beginners on the platform. There are more than 200 different videos for learning how to the trader and how the platform is working. In conclusion IQ Option offers the best support for its customers!
- Support 24/7 phone, email, chat
- VIP-Support managers
- Chat function in the platform
- A lot of education for traders
Conclusion: IQ Option and Binary Options in India
Is IQ Option legal in India? – Yes, it is. Binary Options is a financial product which you can trade on the platform of IQ Option. It is like betting on rising or falling markets. The broker offers you a contract to buy or sell. Invest any amount of money and try to get a high return of 80 – 95%. Generally, the platform of IQ Option is very easy to use. Beginners can try the free demo account.
Binary Options is a good way to invest in the financial markets for Indian Traders. It is risky but you can get a high return in a short time horizon. There are advantages and disadvantages of this financial product. You have to try it yourself.
In conclusion IQ Option is one of the best brokers in the world and very safe. It is regulated in Europe and there are no restrictions for Indian traders.
The advantages of IQ Option:
- Regulated and safe European company
- Free demo account with 10.000$
- Minimum deposit 10$ and trade amount 1$
- User-friendly platform – It is customizable
- More than 500 different markets
- Binary Options yield 90%+
- Short-term and long-term trading
- 24/7 support for Indian Traders