1. In India, Binary Options Trading can be undertaken at Bombay Stock Exchange.
2. In binary trading, a trader has to predict the trend the value of an asset or commodity might take in the future, meaning he has to predict whether the value of a particular asset will increase or decrease within a given time frame. This time frame is referred to as expiration time. This expiration time differs from one binary option to another. The expiration time could be hourly, daily, weekly monthly or yearly.
3. The Indian binary options trader will want to predict the price of the Bombay Stock Exchange (BSE), which is very volatile and will definitely will offer a great deal of money to whom that will succeed in predicting it’s price.
4. The outcome of this type of financial trade can be only two. You can either predict the trend correctly & win a huge payout on your investment or you can get it wrong & lose the amount you invested in the binary option.
5. Because the outcome in this type of trade can only be two, the term binary is used for this type of trade.
http://www.tradebinaryoptions.org/2012/1...
6. As regards other part of the question, RBI/2010-11/281, A.P. (DIR Series) Circular No. 17, November 16, 2010, issued to All Category - I Authorised Dealer Banks, seems to be relevant. An excerpt from circular is reproduced:
---"Processing and Settlement of Export related receipts facilitated by Online Payment Gateways
Of late, Online Payment Gateways have emerged as a popular mode of facilitating e-commerce transactions. Some of these Online Payment Gateway Service Providers (OPGSPs) have also been facilitating cross-border transactions. We have recently reviewed the service model provided by these OPGSPs with reference to the provisions of the Foreign Exchange Management Act (FEMA), 1999. It was observed that a few OPGSPs have not only facilitated conclusion of the transactions but also allowed exporters to retain the export proceeds abroad without repatriation resulting in violation of the provisions of FEMA, 1999. Acknowledging however the importance of the services provided by the OPGSPs to the exporters, particularly in facilitating small value export transactions, it has been considered necessary to issue a set of guidelines to cover such e-commerce arrangements."---
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Why do you want to waste your money in binary trade options?? most of the times these things are nothing but scams. India isn't a very trustworthy place as regards to financial regulations and consumer protection so I guess you should better get some online ind=structions freonm somewhere like http://amzn.to/1ynhZSe. My dad saw this VD but trust me he hasn't done great at binary options treading ever.
Payment gateway providers in India is the best online payment gateway its the best way to transfer for the any other place and its credit card or shopping also help you. https://www.direcpay.com/direcpay/channe...
Can i use my Moneybookers account to receive money from BinaryOptionTrading in INDIA? Is it legal or not?
