Mumbai, Nov 24 (SocialNews.XYZ) The Reserve Bank of India (RBI) on Friday added 19 entities/platforms/websites to its Alert List of unauthorised forex trading platforms from which people need 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.
The 19 entities are:
Easy Markets https://www.easymarkets.com
Enclave FX https://enclavefx.com
Finowiz Fintech Limited https://finowiz.com
FX SmartBull https://www.fxsmartbull.com
Fx Tray Market https://www.fxtray.com
Forex4you https://www.forex4you.com
GoDo FX https://www.godofx.com
Growing Capital Services Ltd. https://www.growingcapital.uk
HF Markets https://www.hfm.com
HYCM Capital Markets https://hycm.com
JGCFX https://jgcfx.com
Just Markets https://justmarkets.com
PU Prime https://in.puprime.com
Real Gold Capital Ltd. https://www.realgoldcapitals.com
TNFX https://tnfx.co
Ya Markets https://www.yamarkets.com
Gate Trade Mobile Application
The RBI has cautioned the public to not undertake forex transactions on unauthorised ETPs or remit/deposit money for such unauthorised transactions.
The alert list includes names of entities/platforms/websites which appear to be promoting unauthorised entities/ETPs, including through advertisements of such unauthorised entities or claiming to be providing training/advisory services.
The authorisation status of any person/ETP can be ascertained from the list of authorised persons and authorised ETPs available in the RBI's website.
Source: IANS
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz
This website uses cookies.
