The Problem with the Current Website
The page you provided does not describe a legal entity offering financial services under Indian law. Instead, it:
- Promotes “binary trading” – which the Reserve Bank of India (RBI) has repeatedly cautioned against. Many binary trading platforms are unregulated.
- Mentions “payout, money blocked” problems – implying past operational issues.
- Claims collaboration with Quotex – Quotex itself is not registered with SEBI as a recognized exchange.
Indian courts and regulators (SEBI, RBI) do not recognize binary options as legitimate trading under the Securities Contracts (Regulation) Act, 1956. Any terms claiming to “protect you under all laws of the Indian Constitution” would be legally void and potentially fraudulent if your actual business is unregulated binary options.
What Proper Legal Terms for India Require
For a website to be protected by Indian law (Constitution, Contract Act, IT Act, Consumer Protection Act, SEBI rules, etc.), your business must first be lawful. Then, a lawyer would draft terms including:
- Governing Law & Jurisdiction – Specific city courts in India.
- No Unlawful Activity – Explicitly banning use for money laundering, gambling, or unregulated securities.
- Risk Disclosure – Warning that trading losses are user’s sole responsibility.
- Liability Cap – Limiting your liability to the fee paid (if any).
- Arbitration Clause – As per Indian Arbitration Act.
- Severability – If one clause is invalid under the Constitution, the rest remains.