You Asked: Is IQ Option legal in India?
IQ Option offer traders multiple options for major stock CFDs, Forex, binary options and cryptocurrency, a total of 300+ in total. IQ Option is legal and its services are available to Indian residents.
However, there are a few facts that you should take into account before you go ahead and sign up with this, or indeed any broker. Specific forms of trading are illegal and punishable under the present Indian laws, and these include CFDs and Forex trades.
At the time of writing, Indian citizens can still legally trade in cryptocurrencies and binary options, but there are no regulatory bodies in India looking after your interests, so trading with an offshore broker like IQ Option is done entirely at your own risk.
You should also be aware that laws are subject to change at any given time, so always ensure that you have confirmed your legal status before you commence trading and investing any money with a broker.
On that note, IQ Option does have a ‘Demo Account’ available to all clients, so you can try out trading on any of its assets using ‘virtual’ currency without compromising your legal position. It is when you initiate a live trading account that you need to be sure what you are doing is not an illegal activity under Indian laws.
Shelly is proud of her current position as Head of Brand for a well-known organisation that owns several brokerages in the trading sector. She’s consulted for us since 2015 and readers can benefit from her insider knowledge of how brokers work.
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