#forex trading app in India

[tfatrading]

Navigating the stock market can be daunting, especially with the plethora of trading apps available today. As we move into 2024, understanding which stock trading app is best suited for your investment style is crucial for maximizing your financial potential. In this comprehensive guide, we will explore the best stock trading apps in India, their features, comparisons, and practical tips to help you make an informed choice.

[forex4youindia]

Finding the Best Online Forex Trading App in India

If you are looking for a reliable Forex app in India, Forex4you is the most suitable option. Traders can invest in the forex market using Forex4you, one of the best forex trading apps in India. Through its advanced trading tools, traders are able to access real-time market data, monitor their trades, and make informed decisions.

Traders can diversify their investment portfolios through the app by trading major, minor, and exotic currency pairs, commodities, and indices. Additionally, this app offers traders a variety of educational resources, including trading guides, webinars, and video tutorials. Traders can also reach customer support 24/7 through phone, email, or live chat.

[forexlive22]

Make Earn Extra Profit Money From Online Forex Trading.

Although the forex market is not especially turbulent, volatility nonetheless exists because of factors such as market interest rates, trade activity, market economic strength, supply, and demand chains for currencies, and so on. When one of the currencies in a pair declines, the other one is strengthening. Your trading is aided by Forex4Money Online Forex Trading in order to prevent losses and give you high-quality services.

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Discover the best forex trading apps in India for seamless trading experiences. From advanced charting tools to real-time market updates, these apps cater to both novice and seasoned traders alike.

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Developing The Right Skill Set For Forex Trading In Stock Market

Traders can engage in the forex market, a worldwide marketplace where currencies are bought and sold 24 hours a day, seven days a week, with several chances. Learn to use trading platforms, charting software, and other tools available at your preferred best forex trading app in India to help with market analysis and trade execution. Understanding order kinds, graphing methodologies, and platform capabilities is critical.

Visit: -https://genxtimes.com/developing-the-right-skill-set-for-forex-trading-in-stock-market/

[besttradingplatform1]

Are you looking to start trading in the Indian stock market? It can be daunting, especially with so many trading platforms available. But fear not, we've done the research for you and found the safest trading platform in India! Whether you're a beginner or an experienced trader, this blog post will guide you through all the options and help you make an informed decision. Plus, we'll also introduce you to the best app for stock market trading that's been making waves in India lately. So sit back, relax and get ready to take your first step towards successful trading!

safest trading platform in India

When it comes to trading in the Indian stock market, safety should be your top priority. You need a trading platform that's reliable and secure, with strict regulations in place to protect your investments. So, which is the safest trading platform in India?

One of the most trusted names in the industry is Upstox Pro. With over 2 million users and counting, this platform has earned its reputation for being safe and user-friendly. It adheres to all SEBI guidelines and regulations, ensuring that your trades are always protected.

Upstox Pro also offers advanced security features like two-factor authentication (2FA), biometric login options, and real-time alerts on suspicious activity. This means you can trade with peace of mind knowing that your funds are secure.

If you're looking for a reliable and trustworthy trading platform in India, Upstox Pro is definitely worth considering!

best app for stock market

With the rise of technology and smartphones, trading in the stock market has never been easier. One of the best ways to trade stocks is through a mobile app that allows you to buy and sell stocks at your convenience. So, what is the best app for stock market trading in India?

One of the most popular apps for trading in India is Upstox Pro. This app offers low brokerage fees and a user-friendly interface that makes it easy for beginners to start investing in the stock market. It also provides real-time data on stocks and other financial instruments.

Another great option is Zerodha Kite, which boasts one of the lowest brokerage fees in India. The app has a modern design with an intuitive interface that makes it easy to navigate even for first-time users.

For those interested in international markets, there's eToro – a global platform that allows investors from all over the world to trade various financial instruments including stocks, forex and commodities. The platform also offers social trading where you can follow successful traders' portfolios and copy their trades.

Choosing the best app for stock market trading depends on your preferences as an investor – whether you prioritize low brokerage fees or want access to international markets.

After analyzing all the factors, it is clear that Upstox Pro is the best trading platform in India. With its user-friendly interface, advanced charting tools and competitive pricing model, Upstox Pro offers a seamless trading experience to investors of all levels.

However, when it comes to mobile apps for stock market trading in India, there are several options available in the market. But if you are looking for a reliable and efficient app that provides real-time quotes and allows you to execute trades on-the-go, then Zerodha Kite Mobile App could be your best bet. This app has been rated as one of the top-performing mobile apps for stock market investments by numerous users.

To sum up, finding the safest trading platform or best app for stock market depends on your individual preferences and requirements. Therefore, before making any investment decision using these platforms or apps ensure that you do thorough research and analysis based on your investment goals so that you can choose a platform that aligns with your needs.

[ajmeraxchange1]

Best forex trading app in India

Ajmera Globex lets you invest in the global market with the best trading brokerage. They also have a forex trading app in India, where you can make your life easier by making investments. Visit here to know more https://www.ajmeraxchange.co.in/services/ajmeraglobex

[tfatrading]

Forex trading in India has gained immense popularity in recent years, with many investors looking to capitalize on currency fluctuations. However, as the market expands, the risks associated with unregulated platforms also grow. The Reserve Bank of India (RBI) has recently issued warnings regarding certain forex trading platforms, advising traders to stay away from them. This article will explore why you should be cautious about these platforms, how to choose a reliable forex broker, and answer some frequently asked questions related to forex trading in India.

[forex4youindia]

Forex Trading Made Easy: The User-Friendly App You Need

In response to the growing popularity of Forex, easily accessible Forex trading apps have become more common, simplifying the complex world of Forex for many trading enthusiasts.

The charm of using the best Forex trading apps in India lies in their ability to make Forex trading appear more manageable for novices while providing seasoned traders with quick, on-the-go solutions. Check out this blog for more details.

Read more: https://post.news/@/forex4youindia/2W4DQ24lsZewGz7O9YP82vdhv5r

[financemaster1]

Making Financial Transactions Effortless and Smart

From seeking quick loans to making international money transfers or even paying utility bills, these transactions have become an integral part of our routine. But what if there was a way to simplify these processes, making them not just effortless but also smart? Enter Muthoot FinCorp ONE, an all-in-one digital financial platform designed to revolutionize the way you handle your finances.

The Convenience You Deserve

At Muthoot FinCorp ONE, convenience isn’t just a promise; it's a commitment we live by. Muthoot FinCorp ONE gives you the ability to secure a Gold Loan swiftly, without any hassle, and from anywhere you prefer, be it the comfort of your home or at any of our 3600+ branches across India. With our quick doorstep service, you can have your Gold Loan sanctioned in as little as 30 minutes*. Plus, we offer competitive interest rates as low as 0.83%* per month and, as a cherry on top, a zero* processing fee. You can avail the Gold Loan at offered gold rates up to ₹4200/gm, making it a lucrative and hassle-free option for your financial needs.

Digital Gold and Beyond

We understand the importance of diversifying your portfolio, which is why we offer the opportunity to invest in Digital Gold. With an entry point as low as Re. 1, you can start your journey into gold investment, secured at 99.99% purity, and trade it at market prices, all stored safely and securely.

NCDs for a Secure Investment Future

For those seeking stability and high returns, our Non-Convertible Debentures (NCDs) present an excellent opportunity to build a robust investment portfolio. Starting with just Rs. 10,000, enjoy returns of up to 9.43%* with fast-tracked investments, high-yield, low-risk opportunities, and flexible tenure durations to suit your needs.

Simplified Forex Transactions

Navigating the complexities of foreign exchange transactions can be daunting, but not with Muthoot FinCorp ONE. Enjoy secure and reliable forex services with competitive exchange rates and guaranteed 24-hour* transfers. We also provide a buy-back guarantee, ensuring your peace of mind throughout the process.

Seamlessly Handle Payments and Recharges

From bill payments to recharges, Muthoot FinCorp ONE simplifies it all. Recharge your DTH or prepaid mobile, pay electricity, internet, or LPG gas cylinder bills instantly, or manage your financial services and taxes hassle-free—all with a few taps on our app. Moreover, pay your rent or vendors effortlessly, making the entire process quick, secure, and available 24x7.

Our commitment to making your financial life easier continues with the Muthoot FinCorp ONE app. It’s your gateway to effortless Gold Loans, Digital Gold investments, Forex transactions, and more, available whenever and wherever you need it. Expect regular updates, enhanced services, and an unwavering dedication to simplifying your financial journey.

Muthoot FinCorp ONE is not just about transactions; it's about transforming the way you interact with your finances. Experience ease, convenience, and reliability—all in one place.

At Muthoot FinCorp ONE, we're not just simplifying financial transactions; we are empowering you to make smarter choices, effortlessly. Join us and witness a new era of financial convenience and intelligence.

About Muthoot FinCorp ONE

Muthoot FinCorp ONE is an all-in-one digital financial platform that makes getting an MSME & a Gold Loan, investing in Digital gold & NCDs, making payments & remittances, buying insurance & exchanging forex, simple and convenient.

As an SBU of Muthoot FinCorp Limited, Muthoot FinCorp ONE is backed by a legacy stretching back over 135 years, and the trust of more than 1 crore customers and is building a holistic financial ecosystem using the latest digital products for lending, investing, protection and payments.

Muthoot FinCorp ONE continues to uphold the values of the parent, the Muthoot Pappachan Group (Muthoot Blue) by providing its customers with easily accessible services, replete with unmistakable quality. The Muthoot Pappachan Group is among India’s most reputed names in the financial services industry, with customers in diverse segments like Automotive industry, Financial Services, Hospitality, Alternate Energy, Real Estate, and Precious Metals.

So what are you waiting for? Head to the Play Store and download the Muthoot FinCorp ONE app. You can also visit the website today to know more.

Alternatively, you can also follow us on Facebook, Instagram, Twitter or LinkedIn to stay tuned to our latest offerings.

Chat on Whatsapp | Branch Locator | Email us - customercare@muthoot.com | Download App

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Expert Reviews: Best Forex Trading Apps for Indians in 2024

Introduction

Forex trading, or foreign exchange trading, has gained significant popularity in India over recent years. With the rise of digital platforms, Indian traders have more options than ever to participate in the global forex market. Choosing the best forex trading app in India can make a significant difference in trading efficiency and profitability. This blog will review some of the top forex trading apps available for Indian traders in 2024.

Criteria for Selecting the Best Forex Trading App

Selecting the best forex trading app in India involves considering several key factors:

User Interface and Experience: The app should be intuitive and user-friendly.

Trading Tools and Features: Availability of advanced trading tools and real-time data.

Security: Robust security measures to protect user data and funds.

Fees and Charges: Competitive and transparent fee structures.

Customer Support: Efficient and accessible customer support services.

Regulation and Compliance: Adherence to regulatory standards for safety and legality.

Zerodha

Zerodha has established itself as a pioneer in the discount brokerage industry in India. While primarily known for its equity trading services, Zerodha's forex trading platform is also noteworthy. The app offers:

Low Brokerage Charges: Zerodha's competitive pricing extends to its forex trading services, making it one of the best forex trading apps in India.

Kite Platform: An intuitive and powerful trading platform with advanced charting tools and a seamless user interface.

Educational Resources: Comprehensive educational resources to help traders make informed decisions.

Upstox

Upstox is another prominent name in the Indian trading ecosystem, offering a robust platform for forex trading. Key features include:

User-Friendly Interface: The Upstox Pro app provides a smooth and intuitive trading experience.

Advanced Charting Tools: A wide range of technical analysis tools to aid traders in making informed decisions.

Competitive Fees: Upstox maintains low and transparent fee structures, making it accessible to all levels of traders.

Angel One

Angel One, formerly known as Angel Broking, provides a comprehensive suite of trading solutions, including forex trading. Highlights of the Angel One app include:

Wide Range of Currency Pairs: Access to a diverse range of forex trading pairs.

Smart Money Management Tools: Tools that help traders manage their investments effectively.

Educational Support: A rich library of tutorials and articles to support traders at all levels.

5Paisa

5Paisa is well-known for its low-cost trading services, extending its affordability to forex trading. The app offers:

Flat Fee Structure: One of the lowest brokerage charges in the industry, ensuring cost-effective trading.

User-Friendly Platform: An easy-to-navigate app with essential tools for forex trading.

Research and Analysis: Access to research reports and market analysis to aid in trading decisions.

ICICI Direct

ICICI Direct, a subsidiary of ICICI Bank, seamlessly integrates banking services with forex trading. The ICICI Direct app provides:

Secure Transactions: Enhanced security features due to its banking background.

Comprehensive Tools: Advanced trading tools and resources for thorough market analysis.

Customer Support: Efficient support services backed by a reputable financial institution.

Kotak Securities

Kotak Securities, part of Kotak Mahindra Bank, offers a reliable and feature-rich forex trading platform. Key features include:

Integrated Banking Services: Smooth integration with Kotak Mahindra Bank for easy fund transfers.

Advanced Trading Tools: A variety of tools for technical and fundamental analysis.

Transparent Fees: Clear and competitive fee structures.

SAS Online

SAS Online is known for providing some of the lowest trading fees in the industry. The app offers:

Low Brokerage Fees: Extremely competitive fee structure with no hidden charges.

Robust Trading Platform: Advanced trading tools and a user-friendly interface.

Real-Time Data: Access to real-time market data and analysis tools.

HDFC Securities

HDFC Securities combines the trust of HDFC Bank with robust trading features. The HDFC Securities app includes:

Secure and Reliable: High level of security and reliability backed by HDFC Bank.

Advanced Tools: Comprehensive trading tools and resources for in-depth analysis.

Customer Support: Excellent customer support services for timely assistance.

SBI Securities

SBI Securities, backed by the State Bank of India, offers a reliable and secure forex trading platform. The app provides:

Government-backed Security: High trust and security due to its state-owned background.

Comprehensive Tools: A range of tools for effective forex trading.

Competitive Fees: Reasonable and transparent fee structures.

m.Stock

m.Stock by Mirae Asset is an emerging player in the forex trading market. The m.Stock app offers:

Attractive Pricing: Competitive and transparent brokerage fees.

User-Friendly Platform: Intuitive interface with advanced charting and trading tools.

Real-Time Data: Access to real-time market information and analytics.

Comparative Analysis of the Best Forex Trading Apps

Here's a comparative analysis of the discussed forex trading apps:

App

Key Features

Brokerage Fees

User Interface

Security

Customer Support

Zerodha

Low costs, Kite platform, educational resources

Very Low

Highly Intuitive

Robust

Excellent

Upstox

Advanced tools, competitive fees

Low

User-Friendly

Strong

Good

Angel One

Wide currency pairs, smart money management

Competitive

Intuitive

Strong

Excellent

5Paisa

Flat fees, research and analysis

Very Low

Easy-to-Navigate

Robust

Good

ICICI Direct

Integrated banking, secure transactions

Competitive

Comprehensive

Very Strong

Excellent

Kotak Securities

Integrated banking, advanced tools

Competitive

Intuitive

Very Strong

Excellent

SAS Online

Lowest fees, robust platform

Extremely Low

User-Friendly

Strong

Good

HDFC Securities

High security, advanced tools

Competitive

Robust

Very Strong

Excellent

SBI Securities

Government-backed security, comprehensive tools

Competitive

User-Friendly

Very Strong

Good

m.Stock

Attractive pricing, real-time data

Competitive

Intuitive

Strong

Good

Conclusion

Choosing the best forex trading app in India is crucial for ensuring a seamless and profitable trading experience. In 2024, apps like Zerodha, Upstox, and Angel One lead the pack with their innovative features, competitive fees, and robust platforms. Emerging players like m.Stock are also making significant strides with attractive pricing and user-friendly interfaces.

When selecting a forex trading app, consider factors like brokerage fees, user interface, security, and customer support. This comprehensive review provides a thorough understanding of the best forex trading apps in India, helping you make an informed decision tailored to your trading needs. Whether you are a novice trader or an experienced investor, the right app can significantly enhance your trading journey.

[beststockbroker]

Best Forex Trading App In India 

Your trading strategy choice of the Best Forex Trading App In India increases your trading performance and wealth. Here is complete list of Forex trading Apps. you cannot trade with any app and need to be cautious with your money and investments. Therefore, you must depend on professionals to help you choose the top 10 forex trading app in India!

[forex4younigeria]

All You Need To Know About Forex Trading Platforms In India

Forex trading platforms are software applications that allow traders to access the foreign exchange market and execute trades. Traders can choose a platform based on their trading preferences, experience level, and the specific features they require.

Forex trading platforms are important because they provide traders with access to the global foreign exchange market, allowing them to buy and sell currencies and other financial instruments. These platforms provide a range of tools and features that enable traders to analyze the market, execute trades, manage risk, and monitor their performance. They also offer real-time market data, news, and charts, which are crucial for making informed trading decisions.

There are several forex trading platforms available in Nigeria that traders can use to access the global foreign exchange market. Some of the most popular forex trading platforms used in Nigeria include MetaTrader 4, MetaTrader 5, Forex4you web trader, and TradingView.

Forex4you Nigeria is an award-winning broker with a variety of trading platforms to choose from. Forex4you also offers a mobile app for on-the-go trading and both the MT4 and the Forex4you proprietary desktop platforms. There are more than 150 assets available on the broker's platform, unmatched leverage of up to 1:1000, lightning-fast trade execution, deep liquidity, and free market analysis and alerts for all traders.

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UAE Dirham to INR: How to Get the Best Conversion Rates in 2024

The UAE Dirham (AED) to Indian Rupee (INR) exchange rate is crucial for travelers, expats, and businesses dealing between the UAE and India. With evolving currency markets, finding the best conversion rates can help save a significant amount. Whether you’re planning to buy UAE dirham online or manage funds while working abroad, this guide provides you with top tips and methods to secure the best exchange rates in 2024.

1. Monitor Exchange Rates Regularly

Currency values fluctuate daily based on economic events, geopolitical factors, and market demand. Keeping an eye on these fluctuations can help you decide the right time to convert UAE dirhams to INR for maximum value.

Use Currency Monitoring Tools: Websites and apps offer real-time rate monitoring, which allows you to track changes throughout the day. Some platforms even offer notifications when rates reach your preferred levels.

Understand Daily Trends: Currencies like the AED and INR often fluctuate within predictable ranges. Observing daily trends can help you spot when the rates are better.

2. Compare Different Money Exchange Providers

Many exchange providers in India and the UAE offer various rates, fees, and margins. Compare rates across multiple platforms before making a decision.

Banks vs. Forex Platforms: Banks often charge higher fees than specialized forex platforms. Forex providers may offer better rates, especially when dealing with large amounts.

Currency Exchange Apps: Apps like PayPal, Remitly, and Western Union allow you to send and convert currency online, often at competitive rates. Just ensure you read all the fine print regarding fees.

3. Consider Buying UAE Dirham Online

In 2024, there are various platforms that allow you to buy UAE dirham online, often at better rates than physical locations. Online platforms generally provide transparent pricing with lower overhead costs, making them ideal for quick conversions and rate comparisons.

Look for Platforms with Low Fees: Fees can vary significantly between providers, so prioritize platforms with low or no hidden charges.

Use Trusted Platforms Only: Reputable online services like BookMyForex, Wise (formerly TransferWise), and CurrencyFair have established credibility and offer favorable rates.

4. Choose the Right Time of Day for Your Transaction

Currency conversion rates can differ based on the time of day. Major financial centers like London, New York, and Dubai impact currency values during their active trading hours.

Convert During Overlapping Trading Hours: For AED to INR, converting during hours when both UAE and Indian markets are active may offer better rates.

Avoid Converting on Weekends: Many platforms set higher rates on weekends due to limited forex market activity.

5. Use Currency Conversion Lock-In Services

Some providers allow you to lock in exchange rates for a specific period, securing a favorable rate despite future fluctuations.

Benefits of Rate Locking: This can be helpful if you’re expecting market volatility but want to ensure you get the best rate now.

Where to Find Rate Locks: Banks, forex apps, and some online forex brokers offer rate-locking services. Just confirm any fees involved with locking in a rate.

6. Opt for Foreign Currency Cards

If you frequently travel between India and the UAE, foreign currency cards can help you avoid the hassle of multiple conversions and get more favorable rates.

Prepaid Forex Cards: These cards allow you to preload AED and use it in UAE without constantly converting AED to INR and vice versa.

Multi-Currency Cards: Some cards support multiple currencies, including AED, which can be handy for travelers covering multiple countries.

7. Avoid Airport and Hotel Currency Exchanges

Airport and hotel exchange counters typically offer lower rates with high fees. For better value, use city-based exchange providers or online services before departure.

Tips to Keep in Mind When Buying AED Online

When you decide to buy UAE Dirham online, it’s essential to keep certain tips in mind to ensure a secure and cost-effective transaction.

Read Customer Reviews: Reliable online platforms will have positive reviews and testimonials. This can give you an idea of the service quality.

Check for Transaction Limits: Some platforms may impose minimum or maximum limits, so be sure to confirm them if you have specific conversion needs.

Understand the Exchange Platform’s Policies: Be sure to read through their terms and conditions to understand any additional fees, delivery times, and policies.

How to Track UAE Dirham to INR Rates in 2024

In 2024, keeping up with real-time exchange rates is easier than ever. Here are some useful resources to monitor UAE Dirham to INR rates.

Mobile Apps: Apps like XE, Currency Converter Plus, and Google Finance allow you to check AED to INR rates anytime.

Currency Websites: Websites like BookMyForex and Wise provide daily rate updates and conversion calculators.

Subscription Alerts: Many forex sites and apps allow you to set alerts so you’re notified when the rate hits your preferred level.

Conclusion

Getting the best UAE Dirham to INR conversion rates in 2024 requires a combination of timing, market awareness, and using the right tools. By following the tips above, you can make the most out of your conversions, whether you need a small amount for travel or are handling larger sums as an expat or business. Remember, the best rate is one that aligns with your needs, whether that’s a low fee, high rate, or a quick transaction.

[ralphyhaupti]

ED conducts search operations in multiple cities in illegal online forex trading case

The search operation was carried out as part of an ongoing probe in the case of illegal online forex trading

The Enforcement Directorate (ED), Mumbai Zonal Office, conducted search operations under the Prevention of Money Laundering Act (PMLA), 2002, at various locations in Mumbai, Chennai, Kolkata, and Delhi on April 18. The operations were carried out as part of an ongoing probe in the case of illegal online forex trading through the OctaFx trading platform, the ED informed on Saturday.

During the course of search operations, bank funds to the tune of ₹2.7 crore have been frozen and various incriminating documents, digital devices have been found and seized.

“The ED initiated investigation on the basis of a First Information Report registered by Shivaji Nagar Police Station, Pune, against several persons for their involvement in showing false temptations of high returns and duping persons in guise of forex trading through the OctaFx trading platform,” the ED official said.

The Enforcement Directorate (ED), Mumbai Zonal Office, conducted search operations under the Prevention of Money Laundering Act (PMLA), 2002, at various locations in Mumbai, Chennai, Kolkata, and Delhi on April 18. The operations were carried out as part of an ongoing probe in the case of illegal online forex trading through the OctaFx trading platform, the ED informed on Saturday.

During the course of search operations, bank funds to the tune of ₹2.7 crore have been frozen and various incriminating documents, digital devices have been found and seized.

“The ED initiated investigation on the basis of a First Information Report registered by Shivaji Nagar Police Station, Pune, against several persons for their involvement in showing false temptations of high returns and duping persons in guise of forex trading through the OctaFx trading platform,” the ED official said.

The investigation revealed that the OctaFx online trading app and website are operating in India in association with India based entity M/s OctaFx India Private Limited. The OctaFx app and its website have not been authorised by the Reserve Bank of India (RBI) to deal in forex trading.

The ED officials said that this forex trading platform is widely promoted on social networking sites and is following referral-based incentive models for acquiring users to their platforms.

“It has emerged in the investigation that multiple accounts of different Indian banks were being shown to investors and users on OctaFx trading app/www.octafx.com for collecting funds in the guise of facilitating forex trading. The OctaFx also has manipulated trade activities and information shown on its platform ultimately resulting in net loss to the traders,” the officials informed.

The said accumulated funds, after defrauding these investors and users, were transferred to multiple e-wallet accounts or to bank accounts of dummy entities.

“This way, M/s OctaFx India Pvt. Ltd., M/s OctaFx, and their entities have cheated investors in the guise of forex trading thereby earning a profit of more than ₹500 Crore from Indian region,” the ED official added.

A portion of these funds were layered through a web of complex transactions with the help of shell entities and remitted abroad to its related entities in the garb of bogus freight services, import of services, etc.

On the basis of investigation conducted and PoC identified so far, assets to the tune of ₹35 crore in form of crypto currencies, bank balances, gold coins etc. were attached by the ED. The search operations unveiled a network of chartered accountants and professionals, who gave fake certificates of remittances and facilitated bank accounts/companies for layering of such funds.

It has also been revealed that the entire process of reflecting account numbers of dummy entities, managing the funds collected in these accounts and diversion of the same are being managed and operated by owner of OctaFx group entities based in Spain, Russia, Georgia, and Dubai.

“M/s OctaFx has also hired several Indian individuals working in Spain and Russia for operating the OctaFx trading platform and inducing Indian citizens to invest in forex trading through OctaFx. We are still investigating the matter,” the ED officials said.