The Reserve Bank of India (RBI) has updated its Alert List, identifying several entities and platforms as unauthorized for forex trading. This action aims to safeguard the public from potential scams associated with these platforms. The newly added entities include Ranger Capital, TDFX, Inefex, YorkerFX, Growline, Think Markets, Smart Prop Trader, FundedNext, Weltrade, FreshForex, FX Road, DBG Markets, and Plusonetrade. Each of these platforms has been flagged for operating without the necessary permissions from the RBI. The complete updated Alert List can be accessed through the RBI’s official channels, emphasizing the importance of exercising caution when engaging with forex trading platforms.
Reserve Bank of India
Dated: October 22, 2024
The Reserve Bank of India (RBI) has added the following entities/platforms/websites to the Alert List of unauthorised forex trading platforms. The updated Alert List is available here.
| Sr. No | Name | Website |
| 1 | Ranger Capital | https://www.rangercapital.net |
| 2 | TDFX | https://www.tdfx.exchange |
| 3 | Inefex | https://www.inefex.com/international |
| 4 | YorkerFX | https://yorkermarkets.com |
| 5 | Growline | https://grow-line.org |
| 6 | Think Markets | https://www.thinkmarkets.com |
| 7 | Smart Prop Trader | https://www.smartproptrader.com |
| 8 | FundedNext | https://fundednext.com |
| 9 | Weltrade | https://www.weltrade.com |
| 10 | FreshForex | https://freshforex.com |
| 11 | FX Road | https://www.fxroad.com |
| 12 | DBG Markets | https://www.dbgmarketsglobal.com |
| 13 | Plusonetrade | https://www.plusonetrade.com |
(Puneet Pancholy)
Chief General Manager
Press Release: 2024-2025/1351
Thank you for sharing this valuable information. Can you please share the list of Authorised Forex Trading Platforms by RBI ?
Thank you