Global Broker Regulation Inquiry App
WikiFX
English
简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
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.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Read more
FXPIG Exposed: Traders Report Withdrawal Denials, Fund Scams & Regulatory Flags
Do you face massive losses due to astonishing spreads at FXPIG? Have you witnessed multiple trade executions by the Georgia-based forex broker even though you wanted to execute a single order? Has this piled on losses for you? Is the FXPIG withdrawal too slow? Maybe your trading issues resonate with some of your fellow traders. In this FXPIG review article, we have shared these issues so that you can introspect them thoroughly before deciding on the best forex trader.
Original 13h
Understanding What Makes a Good Spread in Forex
Find out what a good spread in forex trading is, typically between 0 to 5 pips, and why it matters for traders aiming to reduce expenses.
Original 14h
Does WealthFX Generate Wealth or Losses for Traders? Find Out in This Review
The name WealthFX sounds appealing for all those wishing for a rewarding forex journey. However, behind the aspiring name are multiple complaints against the Comoros-based forex broker. These trading complaints dampen the broker’s reputation in the forex community. In this WealthFX review article, we have shared some of these complaints here. Take a look!
Original 15h
FXPrimus Review: Is FXPrimus Regulated and Reliable for 2025?
FXPrimus is a CySEC-regulated forex broker offering MT4, MT5, and WebTrader with flexible leverage and diverse trading instruments since 2009.
Original 15h
WikiFX Broker
Latest News
Trillium Financial Broker Exposed: Top Reasons Why Traders are Losing Trust Here
WikiFXFIBO Group Ltd Review 2025: Find out whether FIBO Group Is Legit or Scam?
WikiFXAmillex Withdrawal Problems
WikiFXIs INGOT Brokers Safe or Scam? Critical 2025 Safety Review & Red Flags
WikiFX150 Years Of Data Destroy Democrat Dogma On Tariffs: Fed Study Finds They Lower, Not Raise, Inflation
WikiFXCQG Partners with Webull Singapore to Power the Broker’s New Futures Trading Offering
WikiFX【WikiEXPO Global Expert Interviews】Ashish Kumar Singh: Building a Responsible and Interoperable Web3
WikiFXTrump: India\s US exports jump despite 50% tariffs as trade tensions ease
WikiFXIEXS Review 2025: A Complete Expert Analysis
WikiFXCySEC Flags 21 Unauthorized Broker Websites in 2025 Crackdown
WikiFXCurrency Calculator
USD
CNY
Current Rate: 0
Amount
USD
Available
CNY
Calculate