SparkFX Review 2025: Unverified Dubai Claims and Rising Risks in the Arab Market
An in-depth review of SparkFX (Score 1.82) investigating claims of a Dubai license, expansion into Arabic markets, and reports of unfair account bans.
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Red Alert : Stay Away from These 13 Unauthorised Forex Trading Platforms
Abstract：The Reserve Bank of India (RBI) has added a fresh list of 13 unauthorised forex trading platforms, taking the overall number to 88. Read on to know the fresh list.
Frauds and scams happen across financial services, including forex trading. The Reserve Bank of India (RBI) has added a fresh list of 13 unauthorised forex trading platforms, taking the overall number to 88. The growing list is a reminder of the cautious approach traders need to adopt to stay away from fraud and scams.
Names Listed on the RBI‘s Alert List
The latest list includes names such as Ranger Capital, TDFX, Think Markets, Growline, YorkerFX, etc. As per RBI’s 2018 directions, these entities are barred from foreign exchange businesses under the Foreign Exchange Management Act (FEMA) of 1999. They are also prevented from operating trading platforms, the RBIs directions say.
You can see all 13 fresh names with their websites through they make traders invest, promote their offerings, and much more.
The RBI has cautioned that there can be names outside of its list which are not authorized for forex trading.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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Have you been made to take a loan from the Libertex official after losing in a trade? But did that also prove financially disastrous? Do you find varying experiences when depositing and withdrawing, with the former being smooth and the latter being worse? It is arguably the pattern for most traders as they share negative Libertex reviews online. In this article, we have discussed these complaints in greater detail. Read further!
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