Mumbai, Nov 19 (PTI) The Reserve Bank on Wednesday added 7 new names to its 'alert list' of unauthorised forex trading platforms, taking the total number to 95.

The alert list contains names of entities which are neither authorised to deal in forex under the Foreign Exchange Management Act, 1999 (FEMA) nor authorised to operate electronic trading platform (ETP) for forex transactions, the central bank said.

The new additions are: Starnet FX; CapPlace; Mirrox; Fusion Markets; Trive; NXG Markets; and Nord FX.

The RBI further said the list also contains names of entities/platforms/websites which appear to be promoting unauthorised entities/ETPs, including through advertisements of such unauthorised entities or claiming to be providing training/advisory services.

"This list is not exhaustive. An entity not appearing in the list should not be assumed to be authorised by the RBI," it added.

The authorisation status of any person/ETP can be ascertained from the list of authorised persons and authorised ETPs. PTI NKD HVA

Unauthorised forex trading platforms flagged as alert list additions; public warned to verify platform authorisation before transacting. The Reserve Bank updated its alert list by adding seven named entities that are not authorised to deal in foreign exchange under the Foreign Exchange Management Act, 1999 nor to operate electronic trading platforms; the list also encompasses entities or websites that promote or advertise such unauthorised platforms. The RBI warns the list is not exhaustive and instructs the public to verify authorisation status using its lists of authorised persons and authorised electronic trading platforms.