Binary Options

Q.) Are binary options legal in india.. ? - forex trading is prohibited which is the standard form of trading not binary trading - RBI Circular No.46. : Main Heading itself says that it's about forex trading "Overseas forex trading through electronic / internet trading portals is illegal."on some places on notification it is written as ". India in any form towards overseas foreign exchange trading through electronic/internet trading portals would make himself/ herself / themselves liable to be proceeded against with for contravention of the Foreign Exchange Management Act (FEMA), 1999 " But it is already clear from main heading that whole notification is describing about forex trading. It is all about forex trading not binary options. - options trading in India is not regulated by Indian monetary authorities like RBI (Reserve Bank of India) and SEBI (Securities and Exchange Board of India). Well, that should not be a real problem because if you are an Indian resident, you can still trade in options through other registered international brokers. Binary options are not regulated by sebi, it does not mentioned that we can not trade with international broker