Binary options (iq options)
Dear Sir,
Just got this answer from a web page (https://www.investorgreg.com/binary-options-trading-legal-india)
While the Reserve Bank of India and the Securities and Exchange Board of India tightly monitor and control Forex trading, there is no such measures in place over binary options. The reason being is that Forex goes against the Foreign Exchange Management Act (FEMA) whereas with binary potions you are speculating on a price movement, not actually buying a currency itself
1. Let me know whether the above said info is true
2. If it is illegal in INDIA, Why their website are in online and not been blocked in cyber cell
3. Why the funds are transferred through E-Wallets (SKRILL or NETELLER)
4. If Binary is all about gambling, is it gambling through foreign currency is an offence
5. The fact,binary is all about bitting not buying the currency
Economics times:
https://economictimes.indiatimes.com/news/economy/finance/rbi-allows-three-more-cross-currency-pairs-to-be-traded-in-derivatives-market/articleshow/50125655.cms?intenttarget=no
https://www.binaryoptionsexpert.net/india/
Kindly go through FAQ in the above link, waiting for the reply,and as usual question, can i play in IQ OPTION ?