Red Alert : Stay Away from These 13 Unauthorised Forex Trading Platforms
Abstract：The Reserve Bank of India (RBI) has added a fresh list of 13 unauthorised forex trading platforms, taking the overall number to 88. Read on to know the fresh list.
Frauds and scams happen across financial services, including forex trading. The Reserve Bank of India (RBI) has added a fresh list of 13 unauthorised forex trading platforms, taking the overall number to 88. The growing list is a reminder of the cautious approach traders need to adopt to stay away from fraud and scams.
Names Listed on the RBI‘s Alert List
The latest list includes names such as Ranger Capital, TDFX, Think Markets, Growline, YorkerFX, etc. As per RBI’s 2018 directions, these entities are barred from foreign exchange businesses under the Foreign Exchange Management Act (FEMA) of 1999. They are also prevented from operating trading platforms, the RBIs directions say.
You can see all 13 fresh names with their websites through they make traders invest, promote their offerings, and much more.
The RBI has cautioned that there can be names outside of its list which are not authorized for forex trading.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Read more
Understanding Forex Spread Cost and How to Minimize It
Find the best forex spread calculators to help you accurately calculate spread costs and reduce trading fees. Maximize your forex profits today!
WikiFX Community Event Series, “Thailand Elites’ View”
WikiFX launched the “Thailand Elites’ View” event in its official community, featuring heavyweight guests from the Elites Club who shared their insights on the current state of Thailand’s forex market, compliance trends, and the building of investor confidence.
Scam Alert: Know the Risky Side of InstaForex in India
you should always Scam Alert in forex market. If something seems too good to be true, it often hides red flags behind it. Therefore, We reviewed InstaForex and reveal hidden risks associated with it. Whether you are an Indian trader, a potential user, or an existing client, it is crucial to understand the risks associated with InstaForex .
Going to Invest in FXCL? Move Back to Avoid Scams & Losses
Are FXCL officials calling you to make you a customer by promising a magical profit number? Stop! These officials follow this route to onboard customers and make them deposit at regular intervals. However, when you wish to withdraw, the officials will deny your request. This is nothing but a strong indicator of a scam forex broker. In this article, we will expose the wrongdoings of this Botswana-based broker.
WikiFX Broker
Latest News
Join WikiFX’s Agent Growth Event | Turn Your Success into a Global Achievement
WikiFXDo Kwon Faces 130-Year Prison Sentence After Guilty Plea in $40B Crypto Collapse
WikiFXBest 5 Low-Spread FX Brokers in India 2025
WikiFXSEC Settles California Trader with Over $234,000 Spoofing Scheme
WikiFXMajor Pairs in Forex: Top Traded Currency Insights
WikiFXForex Trends Explained for Your Successful Trading Experience
WikiFXWhat is ECN in Trading? A Simple Guide
WikiFXScam Alert: Know the Risky Side of InstaForex in India
WikiFXGoing to Invest in FXCL? Move Back to Avoid Scams & Losses
WikiFXWhat Is Forex Trading Fee? A Beginner’s Guide
WikiFXCurrency Calculator
