Reserve Bank of India (RBI) has expanded its alert list of unauthorised forex trading platforms by adding seven new entities or websites that have been found offering or promoting forex trading services without the mandatory authorisation. This move is part of RBI’s ongoing efforts to caution the public against engaging with unregulated platforms that may lead to financial loss or legal consequences under the Foreign Exchange Management Act, 1999 (FEMA). The newly added entities include the following platforms or websites:

Starnet FX – www.starnetfx.com

CapPlace – capplace.com

Mirrox – mirrox.com

Fusion Markets – fusionmarkets.com

Trive – trive.com

NXG Markets– nxgmarkets.com

Nord FX – nordfx.com

With this update, RBI continues to emphasise that these entities are not authori

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