The total number of such entities has swelled to 95, stated RBI.
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The Reserve Bank of India has added seven entities/platforms/websites, including Starnet FX, CapPlace, Mirrox, and to its ‘Alert List’ of unauthorised forex trading platforms.
As per the Central bank’s statement, it has also added Trive, NXG Markets and Nord FX to the ‘Alert List’.
With the addition of the aforementioned entities, the number of entities, which are neither authorised to deal in forex under the Foreign Exchange Management Act, 1999 (FEMA) nor authorised to operate electronic trading platform (ETP) for forex transactions, has swelled to 95.
The Central bank said that the Alert List also contains names of entities/platforms/websites which appear to be promoting unauthorised entities/ETPs, including through advertisements of such unauthorised entities or claiming to be providing training/advisory services.
“This list is not exhaustive. An entity not appearing in the list should not be assumed to be authorised by the RBI. The authorisation status of any person/ETP can be ascertained from the list of authorised persons and authorised ETPs,” the central bank said.
Published on November 19, 2025