RBI adds 8 platforms in the alert list of unauthorised forex trading platforms
The Reserve Bank of India has added eight more entities and platforms to the alert list of unauthorised forex trading platforms. The Alert List contains names of entities, which are neither authorised to deal in forex nor authorised to operate electronic trading platforms (ETP) for forex transactions.
The Reserve Bank of India (RBI), on June 7, said it has added eight more entities and platforms to the alert list of unauthorised forex trading platforms.The new additions to the alert list include QFX Markets, 2Win Trade, Guru Trade7 Limited, Bric Trade and Rubik Trade. Dream Trade, Mini Trade and Trust Trade, the central bank said in a press release.The Alert List contains names of entities, which are neither authorised to deal in forex nor authorised to operate electronic trading platforms (ETP) for forex transactions.The updated Alert List till June 7, 2023, has names of 56 platforms or websites. Some of the biggest names include Binomo, Olymp Trade, OctaFX, etc.
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