New Delhi: The Reserve Bank of India (RBI) has updated the Alert List of unauthorised forex trading platforms. RBI on Wednesday added 8 entities/platforms/websites to the Alert List of unauthorised forex trading platforms, thus taking the total count to 56.

In September last year, the central bank came out with an ‘Alert List’ of unauthorised forex trading platforms containing the names of 34 entities. The list was updated in February also. Now there are 56 entries in the list.

The Alert List contains names of entities which are neither authorised to deal in forex under the Foreign Exchange Management Act, 1999 (FEMA) nor authorised to operate electronic trading platform (ETP) for forex transactions under the Electronic Trading Platforms (Reserve Bank) Directions, 2018.

The Alert List also contains names of entities/platforms/websites which appear to be promoting unauthorised entities/ETPs, including through advertisements of such unauthorised entities or claiming to be providing training/advisory services.

Here is the updated list and websites of 56 companies that have been unauthorised by RBI as forex trading platforms:

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
49	QFX Markets	https://qfxmarkets.com/
50	2WinTrade	https://www.2wintrade.com/
51	Guru Trade7 Limited	https://www.gurutrade7.com/
52	Bric Trade	https://www.brictrade.com/
53	Rubik Trade	https://www.rubiktrade.com/
54	Dream Trade	Mobile Application
55	Mini Trade	Mobile Application
56	Trust Trade	Mobile Application

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.”

Source: Bureau