| # | Name on the RBI list | Website(s) | Our page |
|---|---|---|---|
| 1 | Alpari | alpari.com | Alpari |
| 2 | Anyfx | anyfx.in | — |
| 3 | Ava Trade | avatrade.com | AvaTrade |
| 4 | Binomo | binomoidr.com/in | — |
| 5 | eToro | etoro.com | eToro |
| 6 | Exness | exness.com | Exness |
| 7 | Expert Option | expertoption.com | — |
| 8 | FBS | fbs.com | FBS |
| 9 | FinFxPro | finfxpro.com | — |
| 10 | Forex.com | forex.com | FOREX.com |
| 11 | Forex4money | forex4money.com | — |
| 12 | Foxorex | foxorex.com | — |
| 13 | FTMO | ftmo.com/en | — |
| 14 | FVP Trade | fvpt-uk.com | — |
| 15 | FXPrimus | fxprimus.com | — |
| 16 | FX Street | fxstreet.com | — |
| 17 | FXCM | fxcm.com | FXCM |
| 18 | FxNice | fx-nice.net | — |
| 19 | FXTM | forextime.com | FXTM (ForexTime) |
| 20 | HotForex | hotforex.com | HFM (HotForex) |
| 21 | ibell Markets | ibellmarkets.com | — |
| 22 | IC Markets | icmarkets.com | IC Markets |
| 23 | iFOREX | iforex.in | — |
| 24 | IG Markets | ig.com | IG |
| 25 | IQ Option | iq-option.com | — |
| 26 | NTS Forex Trading | ntstradingrobot.com | — |
| 27 | OctaFX | octaindia.net, hi.octafx.com, octafx.com | Octa (OctaFX) |
| 28 | Olymp Trade | olymptrade.com | — |
| 29 | TD Ameritrade | tdameritrade.com | — |
| 30 | TP Global FX | tpglobalfx.com | — |
| 31 | Trade Sight FX | tradesightfx.co.in | — |
| 32 | Urban Forex | urbanforex.com | — |
| 33 | XM | xm.com | XM |
| 34 | XTB | xtb.com | XTB |
| 35 | Quotex | quotex.com | — |
| 36 | FX Western | fxwestern.com | — |
| 37 | Pocket Option | pocketoption.com | — |
| 38 | Tickmill | tickmill.com | Tickmill |
| 39 | Cabana Capitals | cabanacapitals.com | — |
| 40 | Vantage Markets | vantagemarkets.com | Vantage |
| 41 | VT Markets | vtmarkets.com | VT Markets |
| 42 | Iron Fx | ironfx.com | — |
| 43 | Infinox | infinox.com | — |
| 44 | BD Swiss | global.bdswiss.com | — |
| 45 | FP Markets | fpmarkets.com | FP Markets |
| 46 | MetaTrader 4 | metatrader4.com | — |
| 47 | MetaTrader 5 | metatrader5.com | — |
| 48 | Pepperstone | pepperstone.com | Pepperstone |
| 49 | QFX Markets | qfxmarkets.com | — |
| 50 | 2WinTrade | 2wintrade.com | — |
| 51 | Guru Trade7 Limited | gurutrade7.com | — |
| 52 | Bric Trade | brictrade.com | — |
| 53 | Rubik Trade | rubiktrade.com | — |
| 54 | Dream Trade | Mobile Application | — |
| 55 | Mini Trade | Mobile Application | — |
| 56 | Trust Trade | Mobile Application | — |
| 57 | Admiral Market | admiralmarkets.com | Admirals (Admiral Markets) |
| 58 | BlackBull | blackbull.com | BlackBull Markets |
| 59 | Easy Markets | easymarkets.com | — |
| 60 | Enclave FX | enclavefx.com | — |
| 61 | Finowiz Fintech Limited | finowiz.com | — |
| 62 | FX SmartBull | fxsmartbull.com | — |
| 63 | Fx Tray Market | fxtray.com | — |
| 64 | Forex4you | forex4you.com | — |
| 65 | GoDo FX | godofx.com | — |
| 66 | Growing Capital Services Ltd. | growingcapital.uk | — |
| 67 | HF Markets | hfm.com | HFM (HotForex) |
| 68 | HYCM Capital Markets | hycm.com | — |
| 69 | JGCFX | jgcfx.com | — |
| 70 | Just Markets | justmarkets.com | JustMarkets |
| 71 | PU Prime | in.puprime.com | PU Prime |
| 72 | Real Gold Capital Ltd. | realgoldcapitals.com | — |
| 73 | TNFX | tnfx.co | — |
| 74 | Ya Markets | yamarkets.com | — |
| 75 | Gate Trade | Mobile Application | — |
| 76 | Ranger Capital | rangercapital.net | — |
| 77 | TDFX | tdfx.exchange | — |
| 78 | Inefex | inefex.com/international | — |
| 79 | YorkerFX | yorkermarkets.com | — |
| 80 | Growline | grow-line.org | — |
| 81 | Think Markets | thinkmarkets.com | ThinkMarkets |
| 82 | Smart Prop Trader | smartproptrader.com | — |
| 83 | FundedNext | fundednext.com | — |
| 84 | Weltrade | weltrade.com | Weltrade |
| 85 | FreshForex | freshforex.com | — |
| 86 | FX Road | fxroad.com | — |
| 87 | DBG Markets | dbgmarketsglobal.com | — |
| 88 | Plusonetrade | plusonetrade.com | — |
| 89 | Starnet FX | starnetfx.com | — |
| 90 | CapPlace | capplace.com | — |
| 91 | Mirrox | mirrox.com | — |
| 92 | Fusion Markets | fusionmarkets.com | Fusion Markets |
| 93 | Trive | trive.com | Trive |
| 94 | NXG Markets | nxgmarkets.com | — |
| 95 | Nord FX | nordfx.com | NordFX |
About this list
The RBI publishes the Alert List on its website and adds names by press release. Entities on it are neither authorised to deal in forex under FEMA nor to operate an electronic trading platform for forex. The list also includes sites that promote unauthorised platforms. The RBI says the list is not exhaustive, so a name missing from it isn't proof of authorisation.
Source: RBI Alert List. Names and websites checked against two independent full copies (outlookmoney.com, upstox.com) on 24 Oct 2026.
Legal route for Indian residents: SEBI-registered brokers for currency F&O. Offshore comparison with RBI status for every broker: offshore brokers for India.