You should not judge a platform solely by whether its website or app is accessible in India.
RBI maintains:
- a list of authorised persons,
- a list of authorised Electronic Trading Platforms, and
- an Alert List containing entities that are not authorised to deal in forex under FEMA or operate forex ETPs in India.
Importantly, RBI says its Alert List is not exhaustive. If a platform is missing from the Alert List, that does not automatically mean the platform is authorised.
Always verify the entity against RBI’s authorised lists rather than relying only on advertisements, app-store availability or the broker’s own claims.
