The Securities and Exchange Board of India (SEBI) is the primary regulator of binary option brokers along with financial firms doing business in India.
We tried to find a binary options broker licensed by SEBI but could not find any. This is probably due to most binary option brokers busy focusing on the European markets and have not focused their attention and the many India based traders interested in Binary Option trading.
One of the indexes that brokers offer trading on the is the BSE Sensex or the Bombai 30 Index. Tata Motors which trades on the National Stock Exchange of India is also an asset that is available for trading binary options on.
Regulation of Binary Options Brokers primarily comes from European Union member country Cyprus.
The CySEC (Cyprus Securities and Exchange Commission) gives licenses to binary option brokers. The CySEC license is accepted in all European countries via the MifiD Passport Regulation. This does not cover traders from India, however traders from India tend to look to the EU regulatory agencies when opening accounts with Cyprus based binary option brokers.
See the list of the Best Licensed Binary Option Brokers.
Automated Trading Software
Many binary option traders whether from India or Europe, still do most of their binary option trading on Forex pairs likes the Euro/USD or the Japanese Yen / US Dollar.
We see that most traders seeking automated trading, choose to use the Option Robot, see here. The reason that the binary hedge fund is so popular, is because traders can control which signal source to use, and which assets to auto trade. You can read the complete review of the OptionRobot.
A big problem for some traders in India, is the high minimum deposit that brokers of binary options require to open a trading account.
Typically broker require a min deposit of $250. You can find brokers with a lower minimum initial deposit requirement here.
Hindi or Bengali
Most binary option brokers are still working on translating their websites into the popular European and Asian languages and the bottom of their list is Hindi or Bengali. This has not deterred traders from Mumbai, Delhi & Bangalore from trading binary options.
We have not yet found a binary options broker with a trading platform in Hindi or Bengali to make trading binary options easier for traders to whom that is their native language. How do you say binary options in Hindi? बाइनरी विकल्प. How do you say binary options in Bengali? বাইনারি বিকল্প.