RBI made 19 institutions a part of FX Smartbull, know all the important details here
The Reserve Bank of India on Friday added 19 more companies including FX smartbull Just Markets and Godo FX. We have since updated the warning list on our Forex trading platform. This number has now increased to 75 people. The alert list includes all institutions authorized to deal in foreign exchange under the Foreign Exchange Management Act 1999 (FEMA).
The Reserve Bank of India on Friday added 19 more entities including FX Smartbull, Just Markets, and Godo FX. Subsequently updated the 'alert list' of forex trading platforms. Now their number has increased to 75.
The alert list includes all those institutions that are authorized to deal in foreign exchange under the Foreign Exchange Management Act, of 1999 (FEMA). Electronic Trading Platforms (ETPs) are authorized to operate foreign exchange transactions under the instructions of the Reserve Bank.
Other entities added to the list are Admiral Markets, Blackbull, EZ Markets, Enclave FX, Finoviz Fintech, FX Smartbull, FX Trey Markets, Forex4U, Growing Capital Services, and HF Markets.
Other platforms include HYCM Capital Markets, JGCFX, PU Prime, Real Gold Capital, TNFX, or Markets and Get Trade.
The alert list also includes names of entities/platforms/websites that appear to be promoting unauthorized entities, RBI said in a statement. Let us tell you that this is not a complete list. Entities not included in this list should not be considered authorized by RBI.
