RBI updates Alert List of unauthorised forex trading platforms
The Reserve Bank of India (RBI) has updated its Alert List, identifying several entities and platforms as unauthorized for forex trading. This action aims to safeguard the public from potential scams associated with these platforms. The newly added entities include Ranger Capital, TDFX, Inefex, YorkerFX, Growline, Think Markets, Smart Prop Trader, FundedNext, Weltrade, FreshForex, FX Road, DBG Markets, and Plusonetrade. Each of these platforms has been flagged for operating without the necessary permissions from the RBI. The complete updated Alert List can be accessed through the RBI’s official channels, emphasizing the importance of exercising caution when engaging with forex trading platforms.
Reserve Bank of India
Dated: October 22, 2024
The Reserve Bank of India (RBI) has added the following entities/platforms/websites to the Alert List of unauthorised forex trading platforms. The updated Alert List is available here.
Sr. No
Name
Website
1
Ranger Capital
https://www.rangercapital.net
2
TDFX
https://www.tdfx.exchange
3
Inefex
https://www.inefex.com/international
4
YorkerFX
5
Growline
https://grow-line.org
6
Think Markets
https://www.thinkmarkets.com
7
Smart Prop Trader
https://www.smartproptrader.com
8
FundedNext
https://fundednext.com
9
Weltrade
https://www.weltrade.com
10
FreshForex
https://freshforex.com
11
FX Road
https://www.fxroad.com
12
DBG Markets
https://www.dbgmarketsglobal.com
13
Plusonetrade
https://www.plusonetrade.com
(Puneet Pancholy)Chief General Manager
Press Release: 2024-2025/1351
