Short answer
Indian residents may trade forex only through recognised Indian exchanges and in permitted currency pairs. Offshore binary options platforms are not authorised, and the RBI publishes an Alert List of unauthorised forex trading platforms that includes several binary options brands. Check the current list before you deposit.
Before depositing, search the broker's name on the RBI / SEBI website. Warnings and lists of unauthorised firms change often.
Source: RBI / SEBI · not legal adviceLocal payment methods
| Local payment methods | Type | Broker support |
|---|---|---|
| UPI | Instant bank (UPI) | Not verified yet |
| Paytm | E-wallet | Not verified yet |
| PhonePe | Instant bank (UPI) | Not verified yet |
| Google Pay | Instant bank (UPI) | Not verified yet |
| Net banking | Bank transfer | Not verified yet |
| USDT (TRC-20) | Crypto | Not verified yet |
Market hours in local time
London–New York overlap: 18:30–22:30 IST
Full trading-hours table →Brokers we cover
FAQ
Are binary options legal in India?
Indian residents may trade forex only through recognised Indian exchanges and in permitted currency pairs. Offshore binary options platforms are not authorised, and the RBI publishes an Alert List of unauthorised forex trading platforms that includes several binary options brands. Check the current list before you deposit.
Which payment methods do traders in India use?
UPI, Paytm, PhonePe, Google Pay, Net banking, USDT (TRC-20). Before depositing, search the broker's name on the RBI / SEBI website. Warnings and lists of unauthorised firms change often.
When is the forex market most active?
In India, the most active window for major currency pairs is 18:30–22:30 local time, when the London and New York sessions overlap.
How this page was made: drafted with AI assistance from public sources and our own test logs, then checked and edited by the ExpiryLab editorial team. The date above shows the last check. How we test · Editorial policy