Every number on this site is either published by the platform, taken from a primary regulatory or legal source, or calculated by us from a stated rate. This page tells you which is which.
Most pages about this category blur the line between what a platform advertises, what someone measured, and what someone guessed. We keep them separate, and label them:
| Type | Example | How you can verify it |
|---|---|---|
| Published by the platform | "$10 minimum deposit", "up to 98% payout" | Open the platform's own site — these are its marketing claims, and we say so |
| Primary source | RBI Alert List status, SEBI register, Section 115BBJ | The published RBI list, the SEBI intermediary register, the text of the Income Tax Act |
| Our calculation | "$10 costs about ₹940 via UPI" | Stated rate × stated spread. The arithmetic is shown on the page. |
| If a figure is a calculation, the page says so and gives the assumptions. Calculated estimates are labelled with "about", "roughly" or "≈" and never presented as a price you have been quoted. | ||
This is the one genuinely original thing on this site, so it is worth being precise about how it works.
Spreads vary by processor, by route and over time, so we publish ranges and round to the nearest ₹5. The number that binds you is the one shown at your own payment screen — and the point of the exercise is to give you something to compare it against.
Look up the mid-market rate. Multiply by the dollar figure. Compare against what your payment screen quotes before you confirm. The difference is the intermediary's margin — and once you have seen it once, no "$10 minimum" claim reads the same way again.
| Criterion | Weight | What it assesses |
|---|---|---|
| Platform & features | 15% | Charting, order types, expiry range, asset coverage |
| Payout range | 20% | Advertised ceiling and the published band on major pairs, against others in the category |
| Payment access from India | 20% | Which rails reach it, directly or via intermediary, and the resulting rupee cost |
| Mobile | 10% | App availability, distribution model and what that means for the user |
| Entry point & demo | 10% | Minimum deposit and whether the free demo is genuinely unrestricted |
| Regulation & recourse | 25% | SEBI status, RBI Alert List, and whether any dispute route exists |
| Regulation carries the largest single weight. It is also the criterion on which every platform in this category scores badly — which is why no score on this site exceeds 8, and why we would rather explain that than inflate the numbers. | ||
Being explicit about the limits is part of being useful:
Regulatory claims are checked against primary sources — the published RBI Alert List and the SEBI intermediary register — and the date of checking appears on the page. Tax content cites the section of the Income Tax Act it relies on, so you can read the provision rather than take our word for it.
Nothing here is tax or legal advice, and no page on this site claims professional review it has not had. Where a figure depends on how income is classified — and for binary options gains that is genuinely arguable — we say so and point you to a chartered accountant.
Some links on this site are affiliate links, disclosed on the pages where they appear. If you open an account through one, we may receive a commission at no cost to you.
Where we do not hold a working affiliate arrangement with a platform we cover, we say so on the page rather than quietly omitting the platform.
When we get something wrong we correct it on the page and note the date and what changed. We do not silently edit and pretend the earlier version never existed. If you find an error — particularly on a regulatory or tax point — tell us.
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Risk warning. Binary options are high-risk speculative products and the majority of retail traders lose money. A payout percentage is the return on a winning trade, not an expected return. Quotex is not authorised by SEBI and appears on the RBI Alert List; Indian residents remitting funds to unauthorised platforms may be exposed under FEMA and have no local dispute resolution. Nothing on this page is investment, legal or tax advice. Consult a SEBI-registered adviser and a chartered accountant before acting. Never trade money you cannot afford to lose entirely.