RBI Banned Forex Trading App List 2025: Recent years have seen investors flock to forex trading to profit from currency market swings. However, as forex trading and related apps grow, unregulated platforms pose hazards like financial fraud, data theft, and a lack of legal remedies for traders, putting uninformed users at risk of financial losses.
The Reserve Bank of India (RBI) has banned many unlawful or fraudulent currency trading apps to safeguard customers from the hazards. Therefore, you must stay informed about the RBI Banned Forex Trading App List to protect your interests and comply with Indian legislation.
Follow this list to avoid sites that could compromise your financial security. By following RBI forex trading standards and using approved trading platforms, you may avoid scammers and have a safe trading experience.
RBI Banned Forex Trading App List 2025
The Reserve Bank of India (RBI) on Tuesday revised the alert list of unauthorised forex trading forums and added 13 more units, including tdfx and infex. With this change, the total number of units included in the list has increased to 88.
The warning list includes the names of entities that are not authorized to deal in foreign exchange under the Foreign Exchange Management Act, 1999 (FEMA). Further, they are not authorized to operate such a platform for foreign exchange transactions under the electronic trading platform (Reserve Bank) directive, 2018.
The names of these platforms are included: The list includes Ranger Capital, Tdfx, Infex, Yorkerfx, Growline, Think Markets, Smart Prop Trader, FundedNext, Weltrade, FreshForex, FX Road, DBG markets and Plusontrade.
Here is the list of all banned trading apps that have been banned by the RBI recently. If you have installed any of these apps, then remove these apps from your smartphone. You can check the complete list below.
| l. No | Name | Website |
| 1 | TP Global FX | https://www.tpglobalfx.com |
| 2 | Trade Sight FX | https://tradesightfx.co.in |
| 3 | Urban Forex | https://www.urbanforex.com |
| 4 | XM | https://www.xm.com |
| 5 | XTB | https://www.xtb.com |
| 6 | Quotex | https://quotex.com |
| 7 | FX Western | https://www.fxwestern.com |
| 8 | Pocket Option | https://pocketoption.com |
| 9 | Tickmill | https://www.tickmill.com |
| 10 | Cabana Capitals | https://www.cabanacapitals.com |
| 11 | Vantage Markets | https://www.vantagemarkets.com |
| 12 | VT Markets | https://www.vtmarkets.com |
| 13 | FTMO | https://ftmo.com/en |
| 14 | FVP Trade | https://fvpt-uk.com |
| 15 | FXPrimus | https://fxprimus.com |
| 16 | FX Street | https://www.fxstreet.com |
| 17 | FXCM | https://www.fxcm.com |
| 18 | FxNice | https://fx-nice.net |
| 19 | FXTM | https://www.forextime.com |
| 20 | HotForex | https://www.hotforex.com |
| 21 | ibell Markets | https://ibellmarkets.com |
| 22 | IC Markets | https://www.icmarkets.com |
| 23 | iFOREX | https://www.iforex.in |
| 24 | IG Markets | https://www.ig.com |
| 25 | IQ Option | https://iq-option.com |
| 26 | NTS Forex Trading | https://ntstradingrobot.com |
| 27 | OctaFX | https://octaindia.net |
| https://hi.octafx.com | ||
| https://www.octafx.com | ||
| 28 | Olymp Trade | https://olymptrade.com |
| 29 |
TD Ameritrade |
https://www.tdameritrade.com |
| 30 | Alpari | https://alpari.com |
| 31 | Anyfx | https://anyfx.in |
| 32 | Ava Trade | https://www.avatrade.com |
| 33 | Binomo | https://binomoidr.com/in |
| 34 | eToro | https://www.etoro.com |
| 35 | Exness | https://www.exness.com |
| 36 | Expert Option | https://expertoption.com |
| 37 | FBS | https://fbs.com |
| 38 | FinFxPro | https://finfxpro.com |
| 39 | Forex.com | https://www.forex.com |
| 40 | Forex4money | https://www.forex4money.com |
| 41 | Foxorex | https://foxorex.com |
| 42 | Iron Fx | https://www.ironfx.com |
| 43 | Infinox | https://www.infinox.com |
| 44 | BD Swiss | https://global.bdswiss.com |
| 45 | FP Markets | https://www.fpmarkets.com |
| 46 | MetaTrader 4 | https://www.metatrader4.com |
| 47 | MetaTrader 5 | https://www.metatrader5.com |
| 48 | Pepperstone | https://pepperstone.com |
| 49 | QFX Markets | https://qfxmarkets.com/ |
50 |
2WinTrade |
https://www.2wintrade.com/ |
| 51 | Guru Trade7 Limited | https://www.gurutrade7.com/ |
| 52 | Bric Trade | https://www.brictrade.com/ |
| 53 | Rubik Trade | https://www.rubiktrade.com/ |
| 54 | Dream Trade | Mobile Application |
| 55 | Mini Trade | Mobile Application |
| 56 | Trust Trade | Mobile Application |
| 57 | Admiral Market | https://admiralmarkets.com |
| 58 | BlackBull | https://blackbull.com |
| 59 | Easy Markets | https://www.easymarkets.com |
| 60 | Enclave FX | https://enclavefx.com |
| 61 | Finowiz Fintech Limited | https://finowiz.com |
| 62 | FX SmartBull | https://www.fxsmartbull.com |
| 63 | Fx Tray Market | https://www.fxtray.com |
| 64 | Forex4you | https://www.forex4you.com |
| 65 | GoDo FX | https://www.godofx.com |
| 66 | Growing Capital Services Ltd. | https://www.growingcapital.uk |
| 67 | HF Markets | https://www.hfm.com |
| 68 | HYCM Capital Markets | https://hycm.com |
| 69 | JGCFX | https://jgcfx.com |
| 70 | Just Markets | https://justmarkets.com |
| 71 | PU Prime | https://in.puprime.com |
| 72 | Real Gold Capital Ltd. | https://www.realgoldcapitals.com |
| 73 | TNFX | https://tnfx.co |
| 74 | Ya Markets | https://www.yamarkets.com |
| 75 | Gate Trade | Mobile Application |
