One fine morning you got attracted to some catchy ads on the Internet about how to earn quick money from binary trading. All you need to have an international credit card to sign-up there, through which you can load money on the app and receive income from binary trading. Suddenly, you lost all your money, your bank account and card got blocked for violating FEMA, 1999. If you have a similar story, then feel free to discuss your case with the OZG help desk by simply WhatsApp message or Email to: ask@fema.in
Are you violating FEMA due to Ignorance?
To save your time and legal cost on your FEMA compliance including EDPMS or IDPMS settlement matters with any AD banks, please WhatsApp and drop an email to: ask@fema.in
📌 Is Binary Trading legal in India?
Binary trading is illegal in India. As per FEMA, 1999 and the guidelines provided by the RBI, binary trading or any form of online trading of forex is not legal in India.
📌 Is Binary Option Scam?
Nowadays, a substantial number of binary options are traded through online trading platforms, mostly not regulated by any regulators. Due to the high penetration of the Internet and the recession across the world, lots of young people trying luck with binary option and some think that this can help them to make rich overnight.
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