Trading with VT Markets, IronFX & BlackBull in India – Is Your Money Safe?

These are three of the most popular and well-reputed forex brokers you have heard about. They are authorized, licensed, and have positive feedback. But have you ever thought about whether they are allowed to sell their services in a specific country, or if they are offering financial services while breaching the compliance rules of that particular country? This article discusses this issue and reveals whether VT Markets, IronFX, and BlackBull are legally permitted to provide services in India. It also covers what Indian regulatory bodies say about this.

RBI ALERT LIST

In October 2024, the Reserve Bank of India issued a list of more than 75 unauthorized forex brokers operating in India. To our shock, These three reputed brokers, VT Markets, IronFX and Blackbull was on that list. This means they are not legally approved by the Bank to offer its services in India. Since the Reserve Bank of India has issued a warning against the broker, you must take it seriously.

Although these broker have big name in the market, But when a regulatory body of any country issues a warning against particular brokers it's wise to keep distance.

People need to Beware

After receiving a serious warning from a reputed bank, it's best to avoid these brokers. Always verify a broker‘s license, read user reviews, and choose only trusted, regulated platforms. Don’t risk your money with unapproved brokers—stay informed and trade smart to protect your investments in the forex market.

Conclusion

If you want to read informative articles about forex brokers, you can download the WikiFX app and stay updated with the latest news related to the forex market — such as scam alerts, regulatory warnings, new broker features, and broker exposés. You can access all this news in one place, or simply visit the news section on the WikiFX website. Chcekout this important Article -