Forex Alert: RBI Identifies 19 Unauthorized E-Trading Entities

The Reserve Bank of India (RBI) recently identified 19 illegal electronic forex trading providers. These include 18 web domains and one mobile application, bringing the total number of such identified services to 75​​. The RBI has warned the public against using these platforms as they are unauthorized under the Foreign Exchange Management Act (FEMA) and are not permitted to operate electronic trading platforms (ETPs) for forex transactions. The RBI cannot shut down these websites as they are registered overseas in jurisdictions where their operations are legal​​.

The 19 entities added to the RBI’s Alert List include:

  1. Admiral Market
  2. BlackBull
  3. Easy Markets
  4. Enclave FX
  5. Finowiz Fintech Limited
  6. FX SmartBull
  7. Fx Tray Market
  8. Forex4you
  9. GoDo FX
  10. Growing Capital Services Ltd.
  11. HF Markets
  12. HYCM Capital Markets
  13. JGCFX
  14. Just Markets
  15. PU Prime
  16. Real Gold Capital Ltd.
  17. TNFX
  18. Ya Markets
  19. Gate Trade Mobile Application​​.

The RBI has cautioned the public not to undertake forex transactions on unauthorized ETPs or remit/deposit money for such unauthorized transactions. The Alert List includes names of entities/platforms/websites that appear to be promoting unauthorized entities/ETPs, including through advertisements or claims of providing training/advisory services. The RBI emphasizes that the Alert List is not exhaustive and that the authorization status of any person/ETP can be verified on the RBI’s website. Residents are warned against indirect means of facilitating forex trading through unauthorized entities, including ‘demo trading’ in a ‘simulated environment’. Engaging in forex transactions for purposes other than those permitted under FEMA on ETPs not authorized by the RBI could lead to penal action under FEMA provisions​​​​.

Share:

MORE STORIES

## Navigating the AI Revolution: 5 Trending Google Ads Topics for Marketers As Google Ads continues its rapid evolution, staying ahead of the curve is paramount for digital marketers. The platform’s increasing reliance on artificial intelligence, shifting privacy landscapes, and the introduction of new campaign types are creating a fresh set of challenges and opportunities. Here are five top trending blog topics that delve into the most critical areas of Google Ads today. ### 1. The Rise of the Machines: Mastering AI-Powered Campaign Types Google is unequivocally betting on AI to drive the future of its advertising platform. A key area of focus for marketers is understanding and mastering AI-driven campaign types like Performance Max and Demand Gen. These campaigns automate targeting, bidding, and ad creation across Google’s entire inventory. A deep dive into strategies for providing the right inputs to these “black box” models, interpreting their performance, and understanding how to guide the AI for optimal results is a crucial topic for advertisers looking to succeed in this new era. ### 2. Beyond the Click: Navigating the New Landscape of Measurement and Attribution With the impending deprecation of third-party cookies and a growing emphasis on user privacy, the way advertisers measure success is undergoing a fundamental shift. This has propelled topics like enhanced conversions, consent mode, and the integration of first-party data to the forefront. Marketers are actively seeking guidance on how to implement these privacy-centric measurement solutions to gain a more accurate and holistic view of their campaign performance in a world without granular user tracking. ### 3. Creative is the New Targeting: Leveraging AI for Compelling Ad Experiences In an automated world, the creative has become a key differentiator. Google is investing heavily in AI-powered tools that can generate and optimize ad copy, images, and videos. Blog posts that explore how to effectively use these generative AI features to create a high volume of diverse and engaging ad creatives are gaining significant traction. This includes best practices for providing creative inputs, A/B testing AI-generated assets, and ensuring brand consistency across automated campaigns. ### 4. The Evolution of Search: Adapting to a More Conversational and Visual SERP The traditional keyword-based search is evolving. Users are increasingly employing longer, more conversational queries, and Google is responding with a more visual and AI-driven search engine results page (SERP). This shift requires a re-evaluation of traditional keyword research and bidding strategies. Trending discussions revolve around how to adapt to this new reality, including the role of broad match keywords, the importance of high-quality creative in visual search formats, and strategies for capturing intent in a more conversational search landscape. ### 5. Future-Proofing Your Strategy: The Growing Importance of a Full-Funnel Approach As automation takes over many of the manual levers within Google Ads, the focus is shifting towards a more strategic, full-funnel marketing approach. Advertisers are looking for insights on how to effectively use different Google Ads campaign types to guide users through the entire customer journey, from initial awareness to final conversion and retention. This includes discussions on how to structure campaigns to complement each other, allocate budgets across the funnel, and measure the impact of upper-funnel activities on bottom-line results.

Google Ads is in the midst of a quiet revolution—one driven by artificial intelligence, privacy-first regulations, and a rapidly changing search landscape. For digital marketers,

Send Us A Message