Is trading on Binomo legal in India?

It is legal in India and you can find many positive reviews on the net and on trusted forums like Quora. For assurance that the company is real and not a fraud, head to the website http://www.binomo.com and check the address of their office.

Is binary com legal in India?

As per RBI guidelines, binary trading is not legal in India. However, Indian traders who wish to trade in binary options can do so with an offshore options broker.

Is Binomo safe in India?

It is a real, safe, and legal company in India regulated by the International Financial Commission. It has been awarded a certificate of quality of trades by Verify My Trade. For further proof, traders can check reviews to the broker on the net through platforms like Quora.

Is Binomo binary trading?

Basically, Binomo is one of the most popular international brokers for binary options. The broker is providing you the perfect chance to bet on falling or rising markets with the effective binary options.

Is Binomo trading safe?

Is Binomo safe to use? If you’re wondering whether the platform is safe and real, fake or not, there is no reason to worry because Binomo is a reliable asset trading platform regulated by the International Financial Commission.

Is Binomo legal in India Quora?

Originally Answered: Is binomo trade legal in India? No it is not legal in India and any forex trading offered by brokers other than SEBI registered and RBI approved is illegal in India.

Is binary trading ban in India?

Unlike many other countries, binary trading is illegal in India. The Foreign Exchange and Management Act (FEMA) prohibits binary trading or forex trading in India through electronic or online trading portals.

How can I withdraw from Binomo in India?

In the web version: Click on your profile picture in the top right corner of the screen and choose the “Cashier” tab in the menu. Then click the “Withdraw funds” tab. In the mobile app: Open a left side menu, choose the “Balance” section. Tap the “Withdrawal” button.

Is binary investment legal?

Binary options are legal and available to trade in the U.S. but they must be traded on a regulated U.S. exchange. These exchanges are Designated Contract Markets (DCMs). Some binary options are listed on registered exchanges or traded on DCMs that are subject to oversight by the CFTC or SEC.

Is it illegal to trade with binomo?

It is not illegal and nor legal. You can trade freely. But if any scam or loss happens between Binomo and you , then you can’t approach to the government for help. Don’t trade in any binary trading platform instead you can practice in Indian share market.binary trading platforms are like casinos where customers never make money .

Is it legal to trade in binary options in India?

Binomo is present in several countries of the world except for those countries whose governments have placed a ban on the trading of binary options. Such countries include Japan, Canada, the USA, Russia, Iran, Norway, New Zealand, Australia, Turkey, amongst others. However, in India, there are no restrictions placed on trading in binary options.

Is binomo regulated in India?

However, when it comes to being regulated by specific financial regulatory authorities in India, checks show that Binomo is not particularly regulated by any financial regulator in India, such as the Securities and Exchange Board of India (SEBI). Nevertheless, this is not something to fear as no one can dispute Binomo’s credibility.

What is binomo?

It is the Financial exotic option in which the later payoff is either fixed or nothing at all. Binomo is one of the trusted and safe trading options for traders. They offer time to time payment which improves customers feedback. 3. Is Binomo Legal?