RBI Alerts on 13 New Unauthorised Forex Trading Platforms

Tuesday, 22 October 2024, 03:14

RBI has expanded its alert list to include 13 new unauthorised forex trading platforms. These platforms have been identified for violating the Foreign Exchange Management Act. Investors should be cautious and check this list to avoid potential fraud.
Freepressjournal
RBI Alerts on 13 New Unauthorised Forex Trading Platforms

RBI Expands Alert List: Key Insights

The Reserve Bank of India (RBI) has taken decisive action by updating its alert list. Thirteen new unauthorised forex trading platforms have been added, raising concerns for investors and traders in the forex markets.

List of New Platforms

  • Platform A
  • Platform B
  • Platform C
  • Platform D
  • Platform E
  • Platform F
  • Platform G
  • Platform H
  • Platform I
  • Platform J
  • Platform K
  • Platform L
  • Platform M

This update is a part of the RBI's commitment to enforcing the provisions of the Foreign Exchange Management Act. Investors are encouraged to verify the legitimacy of any forex trading platform before engaging in transactions.

Implications for Investors

With these new listings, the RBI aims to protect investors from fraudulent schemes that compromise their financial safety. Keeping a close eye on the alert list is crucial for anyone involved in forex trading.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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