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.
Read more
BlackBull: A Closer Look at Its Licenses
When selecting a broker, understanding its regulatory standing is an important part of assessing overall reliability. 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 BlackBull and its licenses.
Dark Side of AETOS: They Don’t Want You to Know
AETOS is an Australia-based broker. All over the internet, you will find positive reviews about this broker, but no one is talking about the risks involved with AETOS. However, we have exposed the hidden risks associated with AETOS
Contemplating Investments in Quotex? Abandon Your Plan Before You Lose All Your Funds
Have you received calls from Quotex executives claiming to offer you returns of over 50% per month? Do you face both deposit and withdrawal issues at this company? Or have you faced a complete scam trading with this forex broker? You're not alone. Here is the exposure story.
15 Brokers FCA Says "Are Operating Illegally" Beware!
If a reputable regulator issues a warning about unlicensed brokers, it's important to take it seriously — whether you're a trader or an investor. Here is a list you can check out- be cautious and avoid getting involved with these scam brokers.
WikiFX Broker
Latest News
SHFE Tin Prices Stabilise in the Night Session After Initial Decline
WikiFXMajor U.S. Banks Plan Stablecoin Launch Amid Crypto Regulations
WikiFXLead Prices Remain in the Doldrums Despite Seasonal Expectations
WikiFXMyanmar Tin Ore Shipments from Wa Region Set to Resume
WikiFXDifferent Forex Market Regulators But One Common Goal - Investor Safety
WikiFXDo You Really Understand Your Trading Costs?
WikiFXForex Trading Simulator vs Demo Account: Key Differences
WikiFX5 Reasons Why Some Traders Choose XChief
WikiFXTreasury yields rise as Trump denies plans to fire Fed Chair Powell
WikiFXHarsh Truths About ATC Brokers Every Trader Must Know
WikiFXRate Calc
