The Reserve Bank Of India has shared yet another updated list of entities that are not authorized to deal with forex transactions in India.
RBI further said in a statement via press release that the Alert List has been updated with the names of entities/platforms/websites that appear to be promoting unauthorized entities/ETPs, including through advertisements of such unauthorized entities or claiming to provide training/advisement services.
RBI has also stated that a non-Alert List entity should not be assumed to be authorized by the RBI to deal in foreign exchange or operate electronic trading platforms for forex transactions.
The authorization status of any person/ETP can be determined using the RBI’s website’s list of authorized persons and authorized ETPs.
Here is the list of entities/websites that are not allowed to do forex transactions:
| Sr. No | Name | Website |
|---|---|---|
| 1 | Alpari | https://alpari.com |
| 2 | AnyFX | https://anyfx.in |
| 3 | Ava Trade | https://www.avatrade.com |
| 4 | Binomo | https://binomoidr.com/in |
| 5 | eToro | https://www.etoro.com |
| 6 | Exness | https://www.exness.com |
| 7 | Expert Option | https://expertoption.com |
| 8 | FBS | https://fbs.com |
| 9 | FinFxPro | https://finfxpro.com |
| 10 | Forex.com | https://www.forex.com |
| 11 | Forex4money | https://www.forex4money.com |
| 12 | Foxorex | https://foxorex.com |
| 13 | FTMO | https://ftmo.com/en |
| 14 | FVP Trade | https://fvpt-uk.com |
| 15 | FXPrimus | https://fxprimus.com |
| 16 | FX Street | https://www.fxstreet.com |
| 17 | FXCM | https://www.fxcm.com |
| 18 | FxNice | https://fx-nice.net |
| 19 | FXTM | https://www.forextime.com |
| 20 | HotForex | https://www.hotforex.com |
| 21 | ibell Markets | https://ibellmarkets.com |
| 22 | IC Markets | https://www.icmarkets.com |
| 23 | iFOREX | https://www.iforex.in |
| 24 | IG Markets | https://www.ig.com |
| 25 | IQ Option | https://iq-option.com |
| 26 | NTS Forex Trading | https://ntstradingrobot.com |
| 27 | OctaFX | https://octaindia.net |
| https://hi.octafx.com | ||
| https://www.octafx.com | ||
| 28 | Olymp Trade | https://olymptrade.com |
| 29 | TD Ameritrade | https://www.tdameritrade.com |
| 30 | TP Global FX | https://www.tpglobalfx.com |
| 31 | Trade Sight FX | https://tradesightfx.co.in |
| 32 | Urban Forex | https://www.urbanforex.com |
| 33 | XM | https://www.xm.com |
| 34 | XTB | https://www.xtb.com |
| 35 | Quotex | https://quotex.com |
| 36 | FX Western | https://www.fxwestern.com |
| 37 | Pocket Option | https://pocketoption.com |
| 38 | Tickmill | https://www.tickmill.com |
| 39 | Cabana Capitals | https://www.cabanacapitals.com |
| 40 | Vantage Markets | https://www.vantagemarkets.com |
| 41 | VT Markets | https://www.vtmarkets.com |
| 42 | Iron Fx | https://www.ironfx.com |
| 43 | Infinox | https://www.infinox.com |
| 44 | BD Swiss | https://global.bdswiss.com |
| 45 | FP Markets | https://www.fpmarkets.com |
| 46 | MetaTrader 4 | https://www.metatrader4.com |
| 47 | MetaTrader 5 | https://www.metatrader5.com |
| 48 | Pepperstone | https://pepperstone.com |
