Is IQ Option legal in India / IQ Option Legal Hai India Me this question is asked by many people to me on my website and on my Youtube channel Binary Options India. So we decided to make it clear over here as we were getting the same question again and again.
First of all telling about my self, I am using IQ Option form 2014 which is around 6 years completed at the time of writing this article. I am a Professional Trader and we help our clients to make money from IQ Option and similar other Binary Options Broker. You can check our Youtube channel Binary Options India to get more info about our work how we help our clients to make money in IQ Option.
IQ Option legal in India:
Asking IQ Option support regarding this issue:
So we first decided to ask IQ Option only what they are saying regarding this question as they will not work in India if it is illegal in India so here is our chat what they have said to us.
From chat, you can clearly they said “Binary Options aren’t prohibited by Indian legislation (including The Foreign Exchange Management Act of 1999) Moreover India regulators can’t regulate companies, which aren’t based in India as trading opertions take place outside of india. As far as it’s known international binary options compnay have never been banned in India. Thus there is no law violation if you trade in IQ Option in India“
From Economic Times Article:
This is one the most trusted website of India and gives all information about Indian Economy and according to it’s one of the articles they have written that RBI has allowed more three currency to trade in India it is EUR-USD(euro-dollar), GBP-USD(pound-dollar) and USD-JPY (dollar-yen). You can read the complete article from here “Economic Times”
So as per RBI also we can trade on this EUR-USD(euro-dollar), GBP-USD(pound-dollar), and USD-JPY (dollar-yen) currency. So as per RBI also it is legal to trade in this currency.
I hope your doubts are clear now and just do not waste time and start trading in IQ Option by filling the below form and get started now.
What to mention while paying TAX to Government?
This is very frequently asked by my team members what do you tell that how this money you have earned the answer is very simple that I have earned it from the commission which I am mentioning during my annual return file. So do fear that you will be sent to Jail for doing trading as now they are allowing you to trade in India and here is a list how much tax you have to pay if your earning cross this much amount:
Rs 5 lakh to Rs 7.5 lakh 10%
Rs 7.5 lakh to Rs 10 lakh 15%
Rs 10 lakh to Rs 12.5 lakh 20%
Rs 12.5 lakh to Rs 15 lakh 25%
Rs 15 lakh and above 30%
As per current rules and regulations, IQ Option is totally legal in India and you can trade in IQ Option and we recommend you trade in IQ Option as it is currently the best Binary Options broker in the market you can read the complete article from below link. If you have still any doubts then you can comment below and I will try to solve your doubts as fast as possible. Here is some helpful link for you to start your Binary Options Trading Journey.