Latest forex market news
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Latest forex market news
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- Trading the news
- FXCM Market News
- India's forex reserves down by $4.531 billion to $629.755 billion
- Trading High Impact Forex News – Don't Get Caught Out
- Forex reserves dip by $4.531 billion to $629.755 billion
- Market Data
- Forex Trading For Non-Experts
- Forex & Structured Products
- Forex reserves decline by $678 mn amid drop in foreign currency assets
Trading the news
RBI said it has noticed misleading advertisements of unauthorised electronic trading platforms ETPs offering forex trading facilities to Indian residents. The Reserve Bank of India RBI on Thursday raised concerns over unauthorised electronic trading platforms offering forex trading facilities to Indian residents. The Central bank said it has noticed misleading advertisements of unauthorised electronic trading platforms ETPs offering forex trading facilities to Indian residents, including on social media platforms, search engines, Over The Top OTT platforms, gaming apps and the like.
There have also been reports of such ETPs engaging agents who personally contact gullible people to undertake forex trading and investment schemes and entice them with promises of disproportionate and exorbitant returns.
Further, there have been reports of frauds committed by such unauthorised ETPs or portals and many residents losing money through such trading, RBI added. While permitted forex transactions can be executed electronically, they should be undertaken only on ETPs authorised for the purpose by the RBI or on recognised stock exchanges as per the terms and conditions specified by the RBI from time to time.
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FXCM Market News
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India's forex reserves down by $4.531 billion to $629.755 billion
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Trading High Impact Forex News – Don't Get Caught Out
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Forex reserves dip by $4.531 billion to $629.755 billion
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Market Data
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Forex Trading For Non-Experts
RBI said it has noticed misleading advertisements of unauthorised electronic trading platforms ETPs offering forex trading facilities to Indian residents. The Reserve Bank of India RBI on Thursday raised concerns over unauthorised electronic trading platforms offering forex trading facilities to Indian residents. The Central bank said it has noticed misleading advertisements of unauthorised electronic trading platforms ETPs offering forex trading facilities to Indian residents, including on social media platforms, search engines, Over The Top OTT platforms, gaming apps and the like.
Forex & Structured Products
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Forex reserves decline by $678 mn amid drop in foreign currency assets
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Browsing Category. Finance Monthly Aug 23, Forex trading is gaining in popularity among retail traders due to the availability of several tools and platforms. However, trading in this highly volatile market carries significant risks.
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