RBI Takes Action To Protect Investors From Unauthorised Forex Trading Platforms
The Reserve Bank of India (RBI) has intensified its efforts to shield investors from potential financial risks by updating its Alert List, cautioning against unauthorised forex trading platforms.
In a bid to safeguard individuals from fraudulent activities and safeguard the integrity of the financial sector, the RBI has added several platforms to its updated Alert List, urging investors to exercise utmost caution.
The revised Alert List features the following unauthorised forex trading platforms:
1. QFX Markets (https://qfxmarkets.com/)
2. 2WinTrade (https://www.2wintrade.com/)
3. Guru Trade7 Limited (https://www.gurutrade7.com/)
4. Bric Trade (https://www.brictrade.com/)
5. Rubik Trade (https://www.rubiktrade.com/)
6. Dream Trade (Mobile Application)
7. Mini Trade (Mobile Application)
8. Trust Trade (Mobile Application)
The inclusion of these platforms on the Alert List signifies that they lack the necessary authorisation and regulatory oversight required to operate in India. The RBI strongly advises investors to refrain from engaging with these entities, as they pose a significant risk to their investments.
