RBI adds 19 unauthorised forex trading platforms to 'Alert List'

The RBI updated 'Alert List' of unauthorised forex trading platforms by adding 19 entities, including FX SmartBull and Just Markets. 'Alert List' contains names of entities, which are neither authorised to deal in forex under Foreign Exchange Management Act, 1999 nor to operate electronic trading platform for forex transactions under Electronic Trading Platforms (Reserve Bank) Directions, 2018.