RBI issues warning on 19 illegal forex trading entities

These entities are neither authorized to deal in forex under the Foreign Exchange Management Act, 1999 (FEMA) nor authorized to operate electronic trading platforms (ETPs) for forex transactions. The 19 entities are:1. Admiral Market https://admiralmarkets.com2. BlackBull https://blackbull.com3. Easy Markets https://www.easymarkets.com4. Enclave FX https://enclavefx.com5. Finowiz Fintech Limited https://finowiz.com6. FX SmartBull https://www.fxsmartbull.com7. Fx Tray Market https://www.fxtray.com8. Forex4you https://www.forex4you.com9. GoDo FX https://www.godofx.com10. Growing Capital Services Ltd. https://www.growingcapital.uk11. HF Markets https://www.hfm.com12. HYCM Capital Markets https://hycm.com13. JGCFX https://jgcfx.com14. Just Markets https://justmarkets.com15. PU Prime https://in.puprime.com16. Real Gold Capital Ltd. https://www.realgoldcapitals.com17. TNFX https://tnfx.co18. Ya Markets https://www.yamarkets.com19. Gate Trade Mobile ApplicationThe RBI has cautioned the public to not undertake forex transactions on unauthorised ETPs or remit/deposit money for such unauthorised transactions.The alert list includes 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.The authorisation status of any person/ETP can be ascertained from the list of authorised persons and authorised ETPs available in the RBI's website.--IANSpannu/pgh

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