简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
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
Boosted by U.S. CPI, Yen May Rise Again
Lower-than-expected U.S. CPI data has fueled rate-cut expectations, weakening the dollar and renewing investor interest in the yen as a safe-haven currency.
Forex Scam Tactics and How to Avoid Falling for Them
Forex scams have taken a vicious cycle with scammers using new and persuasive tactics to trick investors into investing in fraudulent schemes. Read more to know their tactics and how to stop falling for them.
Trade Nation: A Closer Look at Its Licences
In an industry where safety and transparency are essential, the regulatory status of online brokers has never been more important. For traders seeking to protect their capital, ensuring that a platform operates under recognised and stringent oversight can make all the difference. Keep reading to learn more about Trade Nation and its licenses.
What Xtreme Markets Isn’t Telling You About Its Regulation
Xtreme Markets, a forex and CFD broker, operates under a licence issued by the Financial Services Commission (FSC) of Mauritius. While this regulatory stamp may appear reassuring at first glance, a closer look at the nature of offshore licences reveals several critical factors that investors should not ignore.
WikiFX Broker
Latest News
Know the history of "Bank of India" before Investing — then Trade Confidently
WikiFXGold Prices Waver as Fundamentals Remain in Tug-of-War
WikiFXFCA Warning List is Out: Check if Your Broker is on the List
WikiFXTrading via Unauthorized Brokers? A Penalty of Up to INR 2 Lakh Awaits You!
WikiFXAMarkets is an Unregulated Broker | You Must Know the Risks
WikiFXHow to Choose the Right VPS for Forex Trading
WikiFXMarkets4you Launches Global Giveaway to Celebrate 18th Anniversary
WikiFXStill Falling for BotBro’s 60% Annual Forex Returns? Wake Up Before It Gets Too Late!
WikiFXWebull Adds Crypto Trading Through Kalshi Partnership
WikiFXInvestment Scam Exposed: Deepfake Videos of Top Indian Leaders & Tech Icons misused to Lure Investor
WikiFXCurrency Calculator
