Investors may find themselves subject to penalties of up to three times their invested capital or even face imprisonment for violating the Foreign Exchange Management Act (FEMA). In India, traders of all experience levels are increasingly turning to binary options trading. Investors have responded amazingly, from novices to seasoned investors. It has developed into a respected and reliable practice in the financial industry over time. As a new trader, you won’t find a better method to ease into the world of options trading than with binary options. Binary options carry inherent financial risks, often attracting inexperienced investors. What adds to the investors’ financial concerns is the risk of legal consequences. Residents engaging in forex transactions for purposes not permitted under FEMA, such as using ETPs not authorized by the RBI, may face penal action under the FEMA. binary option trading in india Such transactions could be viewed as trading in forex derivatives using unauthorized platforms. Binary options are legal, but they must be traded on regulated US exchanges known as designated contract markets (DCMs). These exchanges are subject to oversight by the CFTC or the SEC, ensuring a level of regulation and protection. And if we consider India specifically, the […]