Sir, @nithin @Meher_Smaran @ShubhS9
Previous Year(NOVEMBER 2022) I started Binary Trading (IQ OPTION) being influenced by some trader and advertising sponsorship.
I DEPOSITED 2000 RS in IQ OPTION.
AND AFTER SOME TIMES /AFTER SOME MONTHS LATER . (February 2023)
I knew that binary trading and forex trading is illegal in India. (I don’t know previously that it is illegal platform ). AND I knew ABOUT the FEMA ACT( Sir it is not fair.)
AND AFTER LOSS OF 900+RS I WITHDRAW MY REMAINING BALANCE.
And never trade in that illegal platform AND LEAVE ALL THE ILLEGAL platform.
And switch to REGULATED STOCK MARKET.
Sir ,
My Questions is : Is there will be any PROBLEM IN FUTURE?
- Unknowingly I was trading on this platform in this illegal market and but I leave that market few months before . Is there will be any issues?
- Does I am under Fema act ?
- Does there will be any legal action?
For the amount of money you are talking about, I don’t think it should be an issue. Best not to do anything in the future.
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Sir,
@nithin
sir when I came to know that IQ OPTION platform is ILLEGAL then I left the platform immediately and I have never visited this platform again and in future I will never visit any of these illegal platforms.
Sir, Should I worried about any legal action.
I am afraid about of fema and start to overthink and got into depression.
Please sir kindly help me to know that I am safe or not.
Please
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As I said earlier, nothing for you to worry about.