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RBI issues warning on 19 illegal forex trading platforms: Full list

Mumbai: The Reserve Bank of India (RBI) issued warning on 19 illegal forex trading platforms. The apex bank added 19 entities, platforms, and websites to its Alert List of unauthorised forex trading platforms.

The apex bank urged all to stay away as they are illegal. These entities are neither authorized to deal in forex under the Foreign Exchange Management Act, 1999 (FEMA) nor authorized to operate electronic trading platforms (ETPs) for forex transactions.

Full list of unauthorised forex trading platforms:

1. Admiral Market https://admiralmarkets.com

2. BlackBull https://blackbull.com

3. Easy Markets https://www.easymarkets.com

4. Enclave FX https://enclavefx.com5. Finowiz Fintech Limited https://finowiz.com

6. FX SmartBull https://www.fxsmartbull.com

7. Fx Tray Market https://www.fxtray.com

8. Forex4you https://www.forex4you.com

9. GoDo FX https://www.godofx.com

10. Growing Capital Services Ltd. https://www.growingcapital.uk

11. HF Markets https://www.hfm.com

12. HYCM Capital Markets https://hycm.com

13. JGCFX https://jgcfx.com

14. Just Markets https://justmarkets.com

15. PU Prime https://in.puprime.com

16. Real Gold Capital Ltd. https://www.realgoldcapitals.com

17. TNFX https://tnfx.co

18. Ya Markets https://www.yamarkets.com

19. Gate Trade Mobile Application

Also Read: Indian Railways cancels several trains to Kerala till March 21: Full list 

The RBI has cautioned the public to not undertake forex transactions on unauthorised ETPs or remit/deposit money for such unauthorised transactions.

 

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