Is Binomo legal in India?
Forex trading by Indian residents is tightly restricted under RBI/FEMA rules. Only INR-based currency derivatives on regulated exchanges (NSE/BSE) are permitted; trading with offshore forex brokers is discouraged by the RBI and can breach FEMA.
Binomo does not hold a SEBI / Reserve Bank of India licence specifically for India in our records, so Indian clients are typically served through Binomo's international/offshore entity. That means you rely on that entity's regulation rather than local India protection — check which entity you're signing up with.
Binomo's regulation
Operates offshore (St. Vincent) — not tier-1 regulated; limited 'IFC/FinaCom' compensation membership. Has appeared on authority warning lists in several countries.
For Indian traders
Before you trade from India
Laws change and are enforced differently — this is general information, not legal advice. Always confirm the current rules with SEBI / Reserve Bank of India and verify which Binomo entity serves India. Trading Forex/CFDs is high-risk and can lose all your capital.
Binomo in other countries
Update history
- 2026-08-01
Availability and local-regulation context reviewed.