RBI adds seven entities to its ‘Alert List’ of unauthorized forex trading platforms

The total number of such entities has increased to 95, RBI said. | Photo credit: REUTERS

According to the Central Bank’s statement, it has also added Trive, NXG Markets and Nord FX to the ‘Alert List’.

With the addition of the above-mentioned entities, the number of entities, which are neither authorized to trade forex under the Foreign Exchange Management Act, 1999 (FEMA) nor authorized to operate an electronic trading platform (ETP) for forex transactions, has increased to 95.

The Central Bank said the warning list also includes names of entities/platforms/websites that appear to be promoting unauthorized entities/ETPs, including through advertisements of such unauthorized entities or claiming to provide training/consultancy services.

“This list is not exhaustive. It should not be assumed that any entity not included in the list is authorized by the RBI. The authorization status of each person/ETP can be inferred from the list of authorized persons and authorized ETPs,” the central bank said.

Published on November 19, 2025