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.
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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

1. Alpari
2. AnyFX
3. Ava Trade
4. Binomo
5. e Toro
6. Exness
7. Expert Option
8. FBS
9. FinFxPro
10. Forex.com
11. Forex4money
12. Foxorex
13. FTMO
14. FVP Trade
15. FXPrimus
16. FXStreet
17. FXCm
18. FxNice
19. FXTM
20. HotFores
21. ibell Markets
22. IC Markets
23. iFOREX
24. IG Markets
25. IQ Option
26. NTS Forex Trading
27. Octa FX
28. Olymp Trade
29. TD Ameritrade
30. TP Global FX
31. Trade Sight FX
32. Urban Forex
33. Xm
34. XTB

Thanks for Reading.
Please share your take on this.

I just saw a post this morning titled 'CFD Broker Scam Explained, blows my mind just how fucking shady these guys really are' and didn't know what a CFD broker was. So I googled it. I'm a smoothe brain so here are some copy pastas with sources for you to browse while you sit on the shitter this morning.
My three takeaways right now: 1) A CFD investor never actually owns the underlying asset 2)Robbinghood is a CFD broker 3) The list of CFD brokers is huge
(Note that Fidelity and Vanguard are not on the CFD broker list)
Ok, time for your pasta. (Feel free to grate crayons on your pasta, it's delicious) 🖍🖍🖍
Source:
https://www.investopedia.com/articles/stocks/09/trade-a-cfd.asp
"A contract for difference (CFD) is a contract between a buyer and a seller that stipulates that the buyer must pay the seller the difference between the current value of an asset and its value at contract time. CFDs allow traders and investors an opportunity to profit from price movement without owning the underlying assets. The value of a CFD contract does not consider the asset's underlying value: only the price change between the trade entry and exit.
This is accomplished through a contract between client and broker and does not utilize any stock, forex, commodity, or futures exchange. Trading CFDs offers several major advantages that have increased the instruments' enormous popularity in the past decade.
KEY TAKEAWAYS * A contract for differences (CFD) is an agreement between an investor and a CFD broker to exchange the difference in the value of a financial product between the time the contract opens and closes. * A CFD investor never actually owns the underlying asset but instead receives revenue based on the price change of that asset. * Some advantages of CFDs include access to the underlying asset at a lower cost than buying the asset outright, ease of execution, and the ability to go long or short. * A disadvantage of CFDs is the immediate decrease of the investor's initial position, which is reduced by the size of the spread upon entering the CFD. * Other CFD risks include weak industry regulation, potential lack of liquidity, and the need to maintain an adequate margin."
Here is a list of CFD brokers from daytrading.com: (big list)
https://www.daytrading.com/cfd/brokers
Broker 10TradeFX 12Trader 4xCube A+ Trader AAAFx AAATrade AccentForex ActivTrades ACY Securities Admiral Markets AdroFX ADS Securities AETOS AGEA Alpari Alpho Alvexo Amana Capital AMarkets Anzo Capital ArgusFX Arum Capital AskoBID ATC Brokers ATFX AvantGardeFX AvaTrade Axes Axi Axiory Ayondo AZAforex BCS Forex BDSwiss Binary.com BinaryCent BlackBull Markets Blackwell Global BMFN BP Prime Brokereo Bulbrokers BUX X Capex Capital Index Capital.com CGS-CIMB City Credit Capital CityIndex CIX Markets CMC Markets CMSTrader CMTrading Colmex Pro Core Spreads CPT Markets CrescoFX Daniels Trading Darwinex DeltaStock Deriv.com DIF Broker DirectFX DMM FX Dukascopy E-Trade EagleFX Easy Markets EFG Hermes Eightcap Equiti ETFinance eToro EuropeFX EuroTrader EverFX eXcentral Exinity Exness EZ Invest FBS FCMarket FIBO Group Financial Spreads Financika Finexo Finotrade Finq.com Finveo Fondex Forex.com Forex4you ForexChief ForexMart ForexTB Fortrade FP Markets FreshForex Fullerton Markets Fusion Markets FXCC FXChoice FXCL FXCM FXDD FXFlat FXGiants FXGM FxGrow FxNet FXOpen FXPesa FXPIG FXPrimus FXPro FXTM FXTrading.com GCI GemForex GKFX Global Market Index Global Prime GO Markets Golden Brokers GoStreams Grand Capital Hantec Markets HotForex House Of Borse HQBroker Hugo's Way HYCM IC Markets ICE FX ICM Brokers ICM Capital IFC Markets IFGM iFOREX IG Group IMMFX Infinox InstaForex Interactive Brokers InterForex Intertrader IQ Option IronFX ITradeFX JFD Bank JP Markets Juno Markets Just2Trade JustForex Key To Markets Khwezi Trade KLMFX Land FX Larson & Holz LBLV LCG LDC LegacyFX LH Crypto Libertex LidyaTrade LiteFinance LiteForex Europe Livemarkets LMFX LQDFX M4Markets Markets.com Mega Trader FX Mitrade Mitto Markets Moneta Markets MTrading MultiBank FX Naga NBH Markets nextmarkets Noble Trading NordFX NPBFX NSFX Oanda OBR Invest OctaFX OpoForex Orbex OspreyFX Oval X PaxForex Pepperstone Plus500 Price Markets ProfitiX ProOption24 PU Prime Purple Trading Questrade RaceOption Robinhood RoboForex RoboMarkets Rockfort Markets Sage FX Saxo Bank Scope Markets Sheer Markets SimpleFX Skilling.com Smart Prime FX SmartFX Spectre.ai Spread Co Spreadex SquaredFinancial Stratton Markets StreamsFX Superforex SVK Markets Swissquote Switch Markets SynergyFX TeleTrade Templer FX TeraFX ThinkMarkets Tickmill Tier1FX Tiger Brokers TIO Markets TMGM TMS Brokers TopFX TP Global FX Trade Nation Trade Republic Trade.com Trade12 Trade360 TradeFW Trader's Way TradeStation TradeTime Tradeview Trading212 TrioMarkets UFX UOB Kay Hian Uptos Valutrades Vantage Varianse Vault Markets Videforex VT Markets Weltrade WH SelfInvest Windsor Brokers XBTFX XE Prime XGlobal Markets XM XTB XTrade Yadix Zenfinex Zero Markets ZuluTrade
(If you follow the source link there is a review for each CFD broker listing.)
Now the part my smoothe brain doesn't get is that the first source says the SEC doesn't allow CFD's in the United States and the second link shows Robbinghood as a CFD broker. So there is something I am missing.
From the investopedia link:
"Countries Where You Can Trade CFDs CFD contracts are not allowed in the U.S. They are allowed in listed, over-the-counter (OTC) markets in many major trading countries, including the United Kingdom, Germany, Switzerland, Singapore, Spain, France, South Africa, Canada, New Zealand, Hong Kong, Sweden, Norway, Italy, Thailand, Belgium, Denmark, and the Netherlands.
As for Australia, where CFD contracts are currently allowed, the Australian Securities and Investment Commission (ASIC) has announced some changes in the issue and distribution of CFDs to retail clients. ASIC’s goal is to strengthen consumer protections by reducing CFD leverage available to retail clients and by targeting CFD product features and sales practices that amplify retail clients’ CFD losses. ASIC’s product intervention order took effect on March 29, 2021.
The U.S. Securities and Exchange Commission (SEC) has restricted the trading of CFDs in the U.S., but non-residents can trade using them."
I'm still trying to wrap my head around this stuff. Perhaps someape can explain it better in the comments.
I'm just a lazy ape laying in bed trying to share info with the rest of you beautiful apes.
Happy Market Open Monday! Ribbit

I dont defend this douche guy, he deserve it for being an @sshole.
Tapi ada yang punya kronologi jelasnya dia sebenarnya ngapain sebagai affliator binomo? Gua cari di berita isinya di luar konteks dan isinya "diduga" dan ga jelasin kronologi urutannya sampe urusan pacarnya segala.
Ada yang bilang dia sebagai affliator meraup uang loss pemainnya. Gua ga ngerti soal app binomo tapi apa itu hasil loss bisa connect ke "kantong" dia? Apa dia jadi agen perantara ketiga macam judi bola?
Does binomo even legal? I mean its legal in India. Dan konsepnya nyambung ke forex kan?
Gua cuman pengen tahu aja ginian, bahkan telegram grup mayoritas kalangan "investor" begitu kan disangka tempat chat teroris dulu kan dan terus disuruh uninstall. I have trust issues because massive of propraganda we are facing rn.

Social copy trading or social trading, is a way to program your trading while copying other traders or sharing trading strategies. It is frequently used by beginners that have little experience on trading, as it does not require knowledge about financial markets. For experienced traders, it can also be very helpful as all trades are automated, which will require them to spend little time in front of a screen.
Social Trading is something as simple as copying the trading strategy (Copy Trading) that another investor is doing. There are advantages on both sides depending on the objective we have to make use of one of these platforms:

• Investors: Allows you to invest in financial markets and make profits from copying operations and strategies of experienced traders without having to spend time on it.
• Traders: It allows you to obtain profits generated not only from your own trades, but also from the profits that we generate for our investors and the rewards that they can obtain from the platform for getting new copiers. It is a way to retain talent, if you are a good trader and make money, there will be more people willing to follow you, and that means more income for the Broker.

With social trading you can open and close positions in the financial markets, including CFDs, on Forex, Stocks, Indices, Commodities and Crypto currencies.
BECOME MORE CONFIDENT AND MAKE THE MOST OUT OF YOUR TRADING
An innovative service used by beginners and experienced traders. Social trading is a professional platform for earning in the financial markets. Beginners can copy more professional traders, and professionals allow to copy their trades to get an additional income. Increase your benefits with social trading!
SHARE THE EXPERIENCE AND WIN TOGETHER
Follow your favorite traders and start learning
If you want to become a trader but you don’t know where to begin, you can start following professional traders by paying a percentage if they make profits. Become a registered follower by selecting successful traders and choose the option to copy their trades.
Only thing we have to do is to find talented traders and check the different parameters of their strategy: accumulated result, profit & loss streaks, assumed risk, time that the operations last, assets in which they invest, etc.This is the great thing about the social network of trading, we can see what other investors are doing, with their permission!
How many times have you wondered what a good trader would do, would he open a long position in this support? Or on the contrary, would he wait for it to break to go short?Now you can see it live, and with all this information, what would you do? You can make a smart decision and use all of this information to your own benefit.
With all this data, you can follow the best traders, and win when they do.
Once you have followed good traders, you simply have to copy their strategies! Decide how much money you want totrade, sit back, and watch how the system evolves. All this can be done fully automated. You can also do it manually, but that requires you to be on your toes at all times. That’s the great thing about Social Trading, you can copy any trader without having to wait for a signal to arrive.
You can allocate capital to a trader, and let your money work automatically, without thinking about where in the world the trader you are copying is, or when he will start trading, or what the size of the trade will be.
Join by opening a live account, select the top ranked traders and benefit from their profits!
How does it work?

• Traders Join MultiBank Group, open a live account and share their trading strategy.
• MultiBank Group ranks Tradersbased on trading performance
• Copy traders select the best traders to copy, based on their capital and risk appetite.

The advantages of copy trading are many if we know how to make the right decision of the trader that we are going to copy his trading signals and a good programming of the capital to invest with it:

• It does not require experience or investment knowledge
• It allows beginner traders to familiarise themselves with the financial markets.
• It does not require dedication or time
• The investment is protected by the platform
• You do not lose the total invested capital, but only the percentage you decide to invest or risk.
• Your invested capital is protected by a regulated broker
• You always have full control and management over your trades.
• High profits can be made in a short period of time
• Opening an account is completely free

What is the cost of copying copy trading operations?
The cost of copying trading operations depends on the platform. Generally, it is divided as follows:

• A percentage % of the profit goes to the trader who copies (usually 20%).
• In case of loss of the trade, the trader gets nothing.
• At the end of the month, a balance of the trades is made.
• In case of profit in one month, the percentage of loss of the previous month is deducted if the previous month was negative.
• The result is that the cost of copying the trades is a percentage % of the profits generated.

Let others follow your success
If you consider yourself as being an experienced trader, you can get an additional income money by having followers.
You will be rewarded from getting followers. It’s simple, if you are a good trader and you make money, there will be more people willing to follow you.
Besides your own trading profits, you can receive a commission from your follower’s accounts so they can benefit from your trading strategies. Register with us, become a signal provider, and share your experience with your followers!
INVESTING MADE EASY WITH SOCIAL TRADING!
We offer a wide variety of financial products to trade from, whether you copy trade or trade manually, we support all asset classes.

Gak bisa dipungkiri sepanjang tahun 2020-2021 banyak orang memulai investasinya karena influence sosial media. Beruntung bagi yang memulai investasinya lebih awal dan agak celaka bagi yang mulai investasinya di akhir-akhir tanpa tau konsekuensinya. Banyak kasus orang beli saham pake pinjol. Beli BTC, Altcoin pake utangan, uang arisan, bahkan sumbangan gereja.
my advice for you yang kena FOMO:
Miner musiman: Ketika crypto turun drastis di Januari-Februari 2022. Segera jual alat miningmu karena kamu harus menunggu 2024 untuk bisa panen. Karena ketika kamu beli mining rig sekarang harganya sudah naik berkali-kali lipat dari harga wajarnya. Perhitungkan kembali listrik yang harus kamu keluarkan, Gak BEP istilahnya. Contoh nyata Founder Rekeningku yang boncos bertahun-tahun karena nutupin biaya listrik dan beli mining rig kemahalan, baru panen akhir2 ini.
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Robot trading: Royal Q , Forex dll. Robot trading is scam, jauhi sekarang sebelum terlambat. Janji manis seller Royal Q dan robot forex profit konisten itu gak ada buktinya 100% scam. Kisah nyata banyak yg bunuh diri karena tiba-tiba assetnya hilang diaveraging oleh robot. Jangan sampai kamu jadi korbannya
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Trader Binomo, Binary option: Kamu yang baru memulai binary option, inilah saatnya dirimu keluar dari sistem jahat Judi 2.0 mungkin diawal kamu akan merasakan profit namun lama kelamaan akan susah dan tiba-tiba akun tersuspen tanpa sebab. Jelakanya gak ada yg bisa jamin akunmu balik karena Binomo dan lainnya jelas ilegal di Indonesia sehingga penyedia layanan tidak diketahui siapa.
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Trader Saham musiman via signal telegram : Saham ada bull market dan bearish market, lengkapi dirimu dengan FA dan TA tambah bandarmology juga. Investing stock is about your move, bukan orang lain. Jadi pastikan semua keputusan investasi kamu yang buat bukan orang lain.
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Trader Crypto: Bear market is coming, we need to understand what crypto still alive for next 4 Years(next halving) DCA still the best strategy for you. We will face the second Bull Run but dont fall for it to much, cause second bull run means next winter season.
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note: I hope yall getting more profit and healthy. May the Force be with you

I have invested a small amount of money in Multibank having been contacted by a broker. Over the past few weeks, the trader I have been assigned performed well for the first few weeks but has not performed well recently leaving my account considerably down, which I fully understand is part and parcel of Forex.
The broker who originally introduced me contacted me recently to say he is disappointed in the traders performance and if I open up a corporate account they will offer a 100% bonus matched up to $200k.
The funds cannot be withdraw for 3 months or until 80lots have been traded.
I’m a complete beginner, but this sounds to good to be true.
Has anyone had any experience with Multibank.