RBI adds 8 new entities to alert list of unauthorised forex trading platforms
Mumbai: The Reserve Bank of India (RBI) Wednesday said it has included eight more entities and platforms to the alert list of unauthorised forex trading platforms.
The new inclusions are 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 pertains to the entities, which have no authority to deal in forex or operate electronic trading platforms (ETP) for forex transactions.
The list also includes names of entities or platforms or websites, which are apparently involved in promoting unauthorised ETP.
They could do so through advertisements of such unauthorised entities or claiming to be providing training/advisory services.
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.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
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