RBI alert list of CFD and Binary trading platforms
Despite all warnings, a lot of Indians trade on CFD and Binary trading platforms. RBI just published a list of such unauthorized trading platforms, warning Indians that trading on these platforms can be prosecuted under the FEMA act.
Hopefully, the payment gateways and businesses that take advertising money will also stop dealing with them. Read this post to know more about how these illegal CFDs and binary options platforms work.