Reserve Bank of India has released a list of 34 forex brokers; which has been declared illegal
List of unauthorized forex trading apps and websites - RBI
Friends, recently the Reserve Bank of India has released a list of 34 forex brokers; which has been declared illegal. https://preview.redd.it/dc1l0ca388o91.jpg?width=637&format=pjpg&auto=webp&s=1a865302fede2fd22985b27c767481ecb4219204 Before releasing this list, RBI had done all checks regarding all transactions of all those forex brokers since February this year. Maybe this doesn't matter to you; Nevertheless, you should definitely check this list once. So see if your forex broker is not on this list! 👉 Here's a full list of unauthorized forex trading apps and websites
Alpari
AnyFX
Ava Trade
Binomo
e Toro
Exness
Expert Option
FBS
FinFxPro
Forex.com
Forex4money
Foxorex
FTMO
FVP Trade
FXPrimus
FXStreet
FXCm
FxNice
FXTM
HotFores
ibell Markets
IC Markets
iFOREX
IG Markets
IQ Option
NTS Forex Trading
Octa FX
Olymp Trade
TD Ameritrade
TP Global FX
Trade Sight FX
Urban Forex
Xm
XTB
Thanks for Reading. Please share your take on this.
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FRAUD ALERT: Beware of investment brokers claiming to be affiliated with World Bank projects, funding, or use the World Bank logo or name on websites, brochures, or shill testimonials - More than 98% are scams.
https://preview.redd.it/tv1rr6ssc1o91.jpg?width=1000&format=pjpg&auto=webp&s=a10d29609c7bfd59ec5b37a446f451e7b9e2f2cb Bank Transfers Forex Brokers Is Such A Wide Choice Of Innovative Payment Solutions, Bank Transfer Has Managed To Retain Its Popularity. This Is One Of The Banking Methods That Need Almost No Presentation As Most Of Us Have Already Grown Accustomed To Utilizing It On A Regular Basis. Although The Main Purpose Of This Payment Method Is To Send Money From One Location To Another, It Can Also Be Used To Deposit Funds Into A Variety Of Online Accounts, And More Specifically, Into Your Account On A Forex Broker’s Website.
How to Fund a Forex Account with Bank Transfers
Forex Trading Can Be Extremely Thrilling, But Before You Get Down To Speculating, You Will Need To Upload Some Funds Into The Balance Of Your Trading Account. What Makes This Banking Solution So Increasingly Popular With Traders Is That They Are Not Required To Jump Through Hoops In Order To Handle Their Deposits. When You Wish To Get Into Forex Trading And Deposit Your Funds Via Bank Transfer, You Will Be Prompted To Fill In A Short Form Where You Need To Provide The Name Of The Bank Where You Have An Account, Select The Country, Provide The Address Of The Bank, Your Account Number, Your Bic Code, And Iban. Before You Confirm The Transaction, You Should Be Satisfied That All This Data Is Entered Correctly. When They Specify The Amount They Wish To Upload, Traders Should Authorize The Transaction And Wait Until Their Funds Show Up In The Balance Of Their Account.
Here’s a List Of The Best Bank Transfers Forex Brokers
One Of The Things That Should Influence Your Choice Of A Payment Method When Speculating On Forex Is Security And Reliability. Needless To Say, This Is One Of The Aspects In Which Bank Transfers Shine Brightly As Your Deposit Will Come Straight From The Bank You Are Using The Services Of. It Is Nearly Impossible For Traders To Fall Victims Of Any Unscrupulous Practices Also Because They Will Not Be Required To Use The Services Of A Middleman As Is Often The Case With Some Of The Online Banking Solutions Available Out There. Moreover, Since You Are Using The Services Of A Financial Institution, The Transparency You Will Enjoy Will Be Rather Significant.
Security
One Of The Main Reasons Why Forex Traders Tend To Turn Their Eyes To Bank Transfer Is That This Payment Solution Is Inherently Secure. What Renders This Payment Processor So Reliable Is That The Transfer Of Funds Is Carried Out Between The Bank Where You Have An Account And The Bank Of The Broker. This Leaves Almost No Room For Any Issues To Arise, Which Is Essential, Regardless Of The Environment In Which You Are Making Payments. Moreover, Banks Utilize Various Modern And Robust Security Systems, Which Should Give Traders The Peace Of Mind That Their Funds Will Be In Safe Hands. Another Thing That Should Make You Less Anxious When Handling Your Payments Through Bank Transfer Is That Banks Need To Abide By Different Regulatory Guidelines, And They Fall Under Rigorous Scrutiny Whether They Do So.
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