I actually traded with IQ Option for a while and I was in some forums and met some guys from IQ Option who seemed to trade full time with them with no issues, so you could even continue to use it and be fine, as it’s like I said actually not operating locally The Securities and Exchange Board of India (SEBI) is responsible for regulating trading in India, but it has not yet put in place any laws designed specifically to regulate CFDs. This means that there is no CFD licensing system in India, making it impossible to find regulated Indian CFD brokers. You will unfortunately find many unlicensed websites where there is no regulatory oversight in place, so users won’t receive any legal protection if they invest with these sites. Sign up Ideally, these apps should have been outright banned if they operated illegally in the country. India has banned many apps and games for many other reasons. If not banned, the common person would not know about these apps deemed illegal by RBI and using them can cause legal action.