RBI Releases Illegal Forex Brokers List | Trending Knowledge

In this video, I discussed about New RBI Regulation against illegal Forex Brokers currently running in India. RBI releases 34 illegal Forex Brokers list which you should know if you are a Forex Trader or want to open your account in any Forex Trading platform.

RBI Guidelines and Illegal Forex Brokers List:
https://timesofindia.indiatimes.com/gadgets-news/rbi-issues-alert-list-declares-these-34-forex-trading-online-platforms-as-illegal/articleshow/94126965.cms

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Queries Solved:
Is Forex Trading Illegal in India?
Is it safe to trade on unregulated Forex Broker?
What precautions you need to take if you already have an account on these unregulated Forex Brokers?
What you need to know while deposit in these Forex Brokers?
Can we take direct withdrawal in our bank account through these Forex Brokers?
Should we need to show Forex income while filling ITR?
Which is the illegal Forex Brokers list released by RBI?
Can you get jailed for Forex trading?

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Risk Disclaimer:

I am not a financial advisor. These are the personal opinions and ideas that I have shared in this video.
Trading in foreign exchange (“Forex”) on margins entails high risk and is unsuitable for all investors. Past performance is not an indication of future results. In this case, the high degree of leverage can act against you and for you. Before you decide to invest in foreign exchange, you should carefully assess your investment objectives, experience, financial possibilities, and willingness to take risks. There is a possibility that you will lose your initial investment partially or completely. Therefore, you should not invest any funds that you cannot afford to completely lose in a worst-case scenario. You should also be aware of all the risks associated with foreign exchange trading and contact an independent financial advisor in case of doubt.

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