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Such trading is a financial tool that allows investors to predict on the price movement of different assets like shares, commodities, cryptocurrencies, and forex pairs. In contrast to traditional financial markets, binary options trading requires predicting whether the price of an asset will increase or decrease within a particular period. If the trader's prediction is accurate, they will earn a fixed return on their investment, frequently up to 90%. Nevertheless, if the trader's prediction is wrong, they will lose the total of their initial investment. This type of trading is known for its straightforwardness and chance of big returns, but it also comes with significant risks.

Picking the right binary options trading broker in India requires careful consideration and research. Here are a few steps and factors to consider:
1. Legalities: The main thing to consider is the legality of binary options trading in India. Although it's not illegal to trade binary options in India, it's not regulated by any financial authority either. So, it's essential to verify that the broker you choose complies with all legal requirements and regulations.
2. Reputation: Research 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 important 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 user-friendly and easy to understand, particularly if you're a beginner. It should also have all the necessary tools and features for technical analysis, strategy building, etc.
5. Customer Support: Make sure the broker has reliable customer support that can be reached easily through multiple channels like email, live chat, and phone. They should 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 enables 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 enhance your trading skills and knowledge.
Remember, choosing the right binary options broker can greatly impact your trading experience and success. So, take your time to research and select the best one.

In India, binary options trading Fixed Time trading is a rather ambiguous matter. While there aren't any specific laws banning this form of trading, the Reserve Bank of India (RBI) hasn't Fixed Time trading also approved it. The Securities and Exchange Board of India (SEBI), the body that administers the securities market in India, doesn't allow any binary options brokers. Therefore, while there's no definite 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 getting involved in binary options trading in India.

In conclusion, binary options trading in India is a controversial and risky investment practice. While it has the potential for high returns, it also carries a high 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 those interested in binary options trading to fully understand the market and its risks before getting involved. It is also advisable to work with licensed brokers to guarantee their investments are safe. Ahead, clear regulations from authorities like SEBI could give a more secure and more structured environment for traders.