Forex Trading in India: your step-by-step guide in 2021

India’s main state owned regulatory body for securities markets is Securities and Exchange Board of India (SEBI) which is overseeing the providers on Indian’s financial market. Established back in 1995 SEBI is the official agency that is responsible for issuing the license for forex brokers doing business in this country. The Forex market is the market for trading currencies. Forex is short for “FOReign EXchange.” The Forex market differs from the stock market, in that there are no physical exchanges for currency trading. Therefore, it is an over-the-counter (OTC) market. Currency trading happens during Forex trading sessions directly between investors If you're trading currency pairs on IQ Option (forex, option or digital option), the time which you choose to trade coupled with the currency pair will play a huge role in your success. There are four major forex markets; Sydney, Tokyo, London and New York. Depending on your timezone, each market is either open during the morning, afternoon or evening. IQ Option is an online trading platform that allows you to trade a variety of financial instruments including binary options, stocks, forex, ETFs, commodities, and cryptocurrency. This broker was founded in 2013 and is operated by IQ Option LTD. Forex is short for foreign exchange. The forex market is a place where currencies are traded. It is the largest and most liquid financial market in the world with an average daily turnover of 6.6 trillion U.S. dollars as of 2019. The basis of the forex market is the fluctuations of exchange rates. IQ Option’s forex spreads start from about 0.015%. These are floating spreads that change according to market liquidity, news releases, and other factors. Forex Market Hours. The forex market is basically open 24 hours a day, 5 days a week. However, not all of the currency pairs offered by IQ Option can be traded 24/7. Sometime you don’t have possibility to install some IqOption applications from stores like Google Play Market, iTunes, Windows market, Mac Os market and other. This possibility depends on your location restrictions, stores rules and regulations. Iq Option features binary trading platform Forex Account. Which are major binary trading platforms available in India? There are multiple platforms that offer binary trading in India including IQ Options, FX- Advisor & Olymp Trade. It is the best and outstanding online forex trading and commodity trading platform for beginners who want to business in forex and commodities. XM is dealing with the real and demo accounts so the beginners can start trading with the XM Webtrade trading software real account, or test the demo account with $100,000USD of virtual currency. India sees the decentralized global Forex market as a threat to its sovereignty. For this reason, the government of India has limited Forex trading to a great extent. On Dec 10, 2015, the Reserve Bank of India permitted exchanges to offer options and futures contracts in three currency pairs: GBP/USD, EUR/USD, and USD/JPY.

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