Be Careful When Dealing with unlicensed trading platforms The RBI has warned you :-
Traders who participate in electronic trading should be aware of the risks associated with working on non - accredited platforms as of the release of guidelines by RBI about prohibited sources considering the high level of difficulty surrounding internet based commerce, you need to be a extra careful not to lose your entire cash through fraud.
(1) There Are Numerous dangers of the trading platforms which are not regulated.
If you are considering trading in stocks, options, binary trading, or forex, you will find a wide arange of platforms that promise good returns. But not all of them are genuine or allowed by law to operate - investing in non- licensed ones means exposure to financial losses and fraud.
(1) “The RBI's watch list : Spotting real platforms." :-
The platforms on the “For Example BINOMO, OLYMP TRADE and OCTA FX which are listed on the RBI's Alerts list, sounds as if they had been advertised everywhere. Nevertheless, prior to investing in trading one should check if it is and authentic trading platform.
(2) Protect the cash you've put in :-
“people should be careful when it comes to choosing a trading a platforms are listed in recommended list in order to be considered as being original. Don not considered Any platform that does not appear in the RBI Approval list, least you will be decided by the same".
(4) Reporting Financial Frauds :-
“By complaining about frauds on cybercrime.gov.in or dialing RBI Privacy invasion, online trading in general is being protected which makes it safer for you and others."