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Such trading is an investment method that permits investors to speculate on the changes in the price of different assets like stocks, commodities, cryptocurrencies, and forex pairs. As opposed to traditional financial markets, binary options trading entails predicting whether the price of an asset will rise or fall within a particular period. If the trader's prediction is accurate, they will receive a fixed return on their investment, often up to 90%. Nevertheless, if the trader's prediction is inaccurate, they will lose the total of their initial investment. This method of trading is known for its simplicity and possibility of high profits, but it also has significant risks.

Picking the right binary options trading broker in India demands careful consideration and research. Here are a few steps and factors to consider:
1. Legalities: The first and foremost thing to consider is the legality of binary options trading in India. Even though it's not illegal to trade binary options in India, it's not regulated by any financial authority either. So, it's crucial to make sure that the broker you choose complies with all legal requirements and regulations.
2. Reputation: Look into the broker’s reputation. You can do this by reading reviews from other traders, checking online forums, and looking at ratings on relevant websites. The reputation of a broker can give you an insight into their reliability and trustworthiness.
3. Security: It's essential to choose a broker that provides high-level security. You should look at the encryption methods they use, whether they follow regulatory standards for data protection, and if they have any history of security breaches.
4. Trading Platform: The trading platform provided by the broker should be simple to navigate and easy to understand, especially for beginners. It should also have all the necessary tools and features for technical analysis, strategy building, etc.
5. Customer Support: Check that the broker has reliable customer support that can be reached easily through multiple channels like email, live chat, and phone. They should binary trading Bitcoin be able to provide prompt and helpful responses to your queries.
6. Payment Methods: Check out the deposit and withdrawal methods offered by the broker. They should provide popular and widely accepted methods like credit/debit cards, bank transfers, and e-wallets. Also, check if they charge any fees for deposits or withdrawals.
7. Demo Account: A demo account lets you to practice trading without risking real money. It's a great way for beginners to learn about binary options trading and for experienced traders to test new strategies.
8. Payouts and Returns: Compare the potential payouts and returns offered by different brokers. The higher the payout percentage, the more money you can make on successful trades.
9. Asset Variety: Look at the variety of assets offered by the broker. The more assets they offer, the more trading opportunities you have.
10. Educational Resources: The broker should provide educational resources like webinars, e-books, articles, tutorial videos, etc., to help you improve your trading skills and knowledge.
Remember, picking the Fixed Time trading right binary options broker can considerably impact your trading experience and success. So, take your time to research and select the best one.

The situation around binary options trading in India is somewhat murky. While there are no clear-cut laws that ban this form of trading, the Reserve Bank of India (RBI) has not sanctioned it as well. The Securities and Exchange Board of India (SEBI), the body that administers the securities market in India, doesn't license any binary options brokers. Therefore, while there's no explicit prohibition, engaging in binary options trading comes with significant risks due to the absence of regulation. It's essential for individuals to thoroughly explore and get legal counsel before engaging in binary options trading in India.

In conclusion, binary options trading in India is a controversial and risky investment practice. Even though it has the potential for high returns, it simultaneously carries a significant risk of loss. It is now in a legal grey area in India - not explicitly prohibited but also not officially allowed. Nonetheless, it's crucial for individuals interested in binary options trading to completely understand the market and its risks prior to getting involved. It is also advisable to deal with licensed brokers to make sure their investments are safe. Looking ahead, clear regulations from bodies such as SEBI could offer a more secure and more structured environment for traders.