List of forex brokers banned by rbi in india
Forex Broker
➢ Who Regulates Forex Trading in India?
See some of our notes about Trading conditions and Forex trading Broker in India below: Rbi alert list of forex brokers The authority has built up forex reserves to a record $643 billion as a buffer against external shocks. It uses all currency platforms including spot, forwards and currency futures to intervene in the currency market.
Forex broker ban in india
This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Related Articles ED has taken under its scanner a network of chartered accountants and professionals who allegedly provided fake certificates of remittances and facilitated bank accounts/firms for parking funds. The probe also disclosed that the entire process of reflecting account numbers of shell firms, managing the funds collected in these accounts, and diversion of the same are allegedly controlled by the owner of the OctaFX group entities based in Spain, Russia, Georgia, and Dubai. OctaFX also allegedly hired Indians based in Spain and Russia to operate the OctaFX trading platform and entice Indian citizens to invest in forex trading through OctaFX, agency sources said. 
How to Maximise Potential in Currency Trading Online?
Hey @amit9, as others have already pointed out. Trading in CFD and such assets is not legal in India and even regulations have warned against dealing in such platforms. Government Securities RBI in its website wrote, "This list is not exhaustive. An entity not appearing in the list should not be assumed to be authorised by the RBI. The authorisation status of any person/ETP can be ascertained from the list of authorised persons and authorised ETPs."
Sebi banned forex brokers india
In India, forex trading is regulated by the capital markets regulator, which is the SEBI. It ensures that the firms follow the Foreign Exchange Management Act, 1999. The Reserve Bank of India regulates forex transactions. Which Trading Platforms do the Best Forex Brokers Offer? Notably, London-based OctaFX, which the RBI says is not authorised to deal in forex, was also one of the official sponsors of the Delhi Capitals team in the Indian Premier League (IPL) this year, say media reports. Ads of many such platforms can also often be seen on popular social media platforms including YouTube.
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