- RBI adds 13 new entities to its Alert List of unauthorised forex trading platforms, cautioning investors against potential risks.
- The RBI advises investors to verify the authorisation status of forex trading platforms, even if they are not listed.
The Reserve Bank of India (RBI) has updated its Alert List, adding 13 new entities and platforms involved in unauthorised forex trading. These include:
- Ranger Capital (https://www.rangercapital.net)
- TDFX (https://www.tdfx.exchange)
- Inefex (https://www.inefex.com/international)
- YorkerFX (https://yorkermarkets.com)
- Growline (https://grow-line.org)
- Think Markets (https://www.thinkmarkets.com)
- Smart Prop Trader (https://www.smartproptrader.com)
- FundedNext (https://fundednext.com)
- Weltrade (https://www.weltrade.com)
- FreshForex (https://freshforex.com)
- FX Road (https://www.fxroad.com)
- DBG Markets (https://www.dbgmarketsglobal.com)
- Plusonetrade (https://www.plusonetrade.com)
The RBI warned that some of these platforms promote unauthorised entities through advertisements or offer training services.
It also clarified that the absence of a platform from the list does not imply it is authorised. Investors should always check the authorisation status of platforms via the RBI’s list of approved entities.
