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Quotex is legally accessible in India, providing traders with the opportunity to explore various financial markets and assets. The platform is regulated by the International Financial Market Relations Regulation Center (IFMRRC). However, it does not have a license from the Indian government due to its recent entry into the market.
India’s financial sector is regulated by several authorities, including the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI). These bodies oversee a wide range of financial activities within the country. Given this regulatory environment, understanding the legal standing of offshore trading platforms like Quotex in India is essential.
Quotex operates as an offshore binary options trading platform, meaning it is not under the jurisdiction of Indian financial regulators and is not directly regulated by SEBI. While it is not illegal for Indian residents to use offshore trading platforms, there are unique aspects and risks associated with them.
While Quotex is legally accessible to Indian traders and offers various security features, it is crucial to be aware of the regulatory differences and associated risks. Indian traders should exercise caution and conduct thorough research before engaging with any offshore trading platform. Being aware of these factors traders will be able to make informed decisions about Quotex for their trading activities.
e factors traders can make informed decisions about whether to use Quotex for their trading activities.
At first I wasn’t sure that I wanted to collaborate with this particular platform. I'm used to there being several types of accounts and a large number of account settings. So to speak, there is room for maneuver. Only later did I understand that this is a real advantage - when there is only one account, with simple and understandable conditions, and you don’t have to rack your brains over what to choose. But the Quadcode Markets trading terminal is a completely different story. It is customizable a little more than completely. Hundreds of assets, dozens of indicators, built-in calendars and calculators, a lot of functions that I didn’t even know about (for example, NBP). At the moment I can say that I am comfortable at trading.
Binomo broker remains a priority for my trading for two years now. The platform is good, makes trading easy and fun. Here you can trade not only binary options, but also currencies, stocks and many other assets, so there really is a choice. In addition, each trader can use indicators for trading. There are some nuances at Binomo in the form of a decrease in the size of profitability at different times, but it is not critical.
According to a number of parameters Binomo is a normal company for binary options trading. The convenient terminal has all the necessary indicators. In binary options the most effective is technical analysis, so I advise you to study this issue very carefully. The good thing is that you do not need to go to a third-party service to analyze the market, you can analyze directly on the platform. Because Binomo has quite good market analysts.
At the beginning of this year, I joined the Binomo platform in search of additional income. At first I was unaccustomed to working with the interface, it seemed awkward, but over time I got used to it, and now many actions are performed almost automatically, without too much thought about where to find the necessary information or section. The platform provides ample opportunities for trading. Of course, there are some disadvantages. Especially unpleasant is the restriction on withdrawal of funds before the bonus is worked out. Everything is fine with tournaments - it is interesting to participate in them, I wanted to test my strength by communicating with other participants.
This platform is a great platform to start trading, from the support team to the simple website design. The broker is suitable for both beginners and experienced traders. You just need to learn the market and when you have money, invest. There are small minuses and errors, especially about the site hangs, but it's kind of all you can try and it's not so critical. So 5. Start trading and don't be afraid!!!
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