Archive · 19 Nov 2025
RBI Warns Against 7 More Unauthorised Forex Trading Platforms
The Reserve Bank of India (RBI) has warned people against using seven more unauthorised forex trading platforms.
These platforms are not allowed to deal in foreign exchange or operate electronic trading platforms.
The RBI has a list of 95 such unauthorised platforms, and people should check if a platform is authorised before using it.
RBI updates 'alert list' of unauthorised forex trading platforms
Seven new names added, total now 95
Entities not authorised under FEMA or to operate ETPs
List includes promoters of unauthorised entities or training services
List not exhaustive, authorisation status should be verified
- Who
- Reserve Bank of India
- What
- Updated 'alert list' of unauthorised forex trading platforms
- When
- Wednesday, November 19
- Where
- India
- Why
- To warn public against unauthorised forex trading platforms
RBI's Stance
Unauthorised Platforms
Authorisation
RBI's Stance
RBI only authorises specific platforms for forex trading
Unauthorised Platforms
Unauthorised platforms claim to offer forex trading services
Warning
RBI's Stance
RBI warns public against using unauthorised platforms
Unauthorised Platforms
Unauthorised platforms may not inform users of their unauthorised status
- Total unauthorised platforms
- 95
- New additions
- Starnet FX, CapPlace, Mirrox, Fusion Markets, Trive, NXG Markets, Nord FX
Sources
RBI updates 'alert list' of unauthorised forex trading platforms
RBI adds 7 unauthorised forex trading platforms to alert list
RBI adds seven entities to its ‘Alert List’ of unauthorised forex trading platforms
