Cryptocurrency Q&A
Is Quotex banned in India?
Is Quotex banned in India?
SolitudePulse
Mon Dec 09 2024
|
5 answers
1216
I'm an Indian resident and I've been hearing mixed reviews about Quotex. I'm considering using it for trading but I'm not sure if it's legal in India. Is Quotex banned in our country?
5 answers
CryptoMystic
Wed Dec 11 2024
However, India adopts a stringent approach towards regulating foreign trading platforms. The country's regulatory framework aims to protect domestic investors from potential risks associated with international markets.
Was this helpful?
142
72
Eleonora
Wed Dec 11 2024
In the year 2024, Quotex operates in a somewhat ambiguous legal environment. Despite holding a license from an offshore regulator, it finds itself in a gray area concerning Indian regulations.
Was this helpful?
129
34
Bianca
Wed Dec 11 2024
Quotex's offshore license enables it to provide services in various parts of the world but doesn't fully comply with Indian legal requirements. This situation creates uncertainty for Indian investors interested in binary options trading.
Was this helpful?
237
35
WindRider
Wed Dec 11 2024
BTCC, on the other hand, is a prominent cryptocurrency exchange offering a range of services. Its portfolio includes spot trading, futures trading, and wallet services, catering to the diverse needs of crypto investors.
Was this helpful?
327
50
lucas_emma_entrepreneur
Wed Dec 11 2024
Binary options trading, a specialized field for Quotex, enjoys legal status in specific jurisdictions. This form of trading allows investors to predict the movement of an asset's price and gain profits accordingly.
Was this helpful?
381
34
