Foreign exchange

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Krishna (Querist)
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30 April 2020 Dear sir/ma'm,
I want to know that whether it is Legal for indian resident to invest in foreign exchange on stock exchange of foreign country..
Also is binary option trading in India is allowed in India?

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
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08 May 2020 Binary option trading has no legal permission in India. Since it is no different from gambling, many countries including India has outlawed the binary option. if you traded at a regulated and licensed broker You have options. If you traded at an unregulated broker, will make it MUCH HARDER to take legal action.

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