RBI adds seven more platforms to 'Alert List' of unauthorized forex trading platforms

RBI adds seven more platforms to 'Alert List' of unauthorized forex trading platforms

Mumbai (Maharashtra), November 19, 2025 (ANI): The Reserve Bank of India (RBI) has expanded its 'Alert List' of unauthorised forex trading platforms by adding seven new entities and their websites, cautioning the public against engaging with them for currency trading.

The newly flagged platforms are Starnet FX (www.starnetfx.com), CapPlace (www.capplace.com), Mirrox (www.mirrox.com), Fusion Markets (www.fusionmarkets.com), Trive (www.trive.com), NXG Markets (www.nxgmarkets.com) and Nord FX (www.nordfx.com).

The central bank's notice said that these platforms are not authorised to deal in forex transactions under the Foreign Exchange Management Act (FEMA).

RBI has repeatedly warned investors and consum