india
Exclusive: CFD Broker FBS Suspends All Marketing Activities Months After India Exit
- FBS informed its partners that it has paused all marketing activities for an indefinite period.
- The broker also ceased all its services to Indian traders in August and ended its local IB programs as well.
Wednesday, 26/11/2025 | 06:07 GMT by
Arnab Shome
Crypto-Forex Racket in India Dupes 450K Investors of Nearly $420 Million
- Rajasthan scheme caused losses; police recovered vehicles, jewellery, and cryptocurrency after arrests.
- Company directors tell investors “not to panic” and say the situation will “settle soon.”
Monday, 24/11/2025 | 15:34 GMT by
Tareq Sikder
The Non-Resident Mirage: How CFD Brokers Turn India’s Rules into Opportunity
- CFDs aren’t explicitly banned in India, but strict currency control laws effectively make it illegal for offshore brokers to take Indian clients.
- “If anyone asks how you are promoting forex in India, simply respond: ‘Our services are specifically for Non-Resident Indians’,” wrote the CEO of a CFD broker.
- Recent enforcement actions have raised fresh concerns among CFD brokers operating in the country.
Thursday, 23/10/2025 | 10:31 GMT by
Arnab Shome
India’s Retail Crypto Market Draws Coinbase Investment in CoinDCX
- CoinDCX, with 20 million users, secures Coinbase backing amid $165B transactions.
- Middle East crypto growth also brings Coinbase, subject to regulatory approvals and closing conditions.
Wednesday, 15/10/2025 | 12:27 GMT by
Tareq Sikder
How Prop Firms Win India Without Saying ‘Forex’ or ‘CFDs’
- Prop firms are flooding India with ads framed as ‘education,’ skirting platform bans.
- Campaigns with Hinglish (Hindi + English) creatives lift CTR by about 10–12 per cent compared to pure English.
Thursday, 11/09/2025 | 10:19 GMT by
Arnab Shome
India and US Drive Prop Firm Traffic Growth in Global Market Split
- Major trading nations account for 80% of top prop firms' organic search traffic, according to industry data from Marketing Agency FYI.
- Although India dominates, local regulators remain skeptical of the market, calling it “unauthorized.”
Tuesday, 26/08/2025 | 08:51 GMT by
Damian Chmiel
India Continues Crackdown on CFD Brokers: Raids Zara FX and Freezes Bank Accounts
- The Enforcement Directorate conducted the raids, seizing mobile devices and a hard disk. It also froze the broker’s bank accounts.
- "We have no offices, subsidiaries, or operational presence in India," Zarvista spokesperson. "We do not market our services to Indian residents, nor do we conduct regulated business activities within the country."
Monday, 11/08/2025 | 09:16 GMT by
Arnab Shome
Exness Halts New Registrations in India
- The company has not provided a public explanation or timeline for the restriction, leaving it unclear whether the move is temporary.
- Users accessing Exness from local IPs see the message: 'Registrations in your region are unavailable.
Thursday, 17/07/2025 | 18:09 GMT by
Jared Kirui
India "Cherry" Picks a Luxury Yacht in Probe Against Octa
- The Indian Enforcement Directorate has attached the luxury yacht, named Cherry, and other assets worth $15.3 million linked to Pavel Prozorov, “the mastermind behind OctaFX.”
- “We would like to point out that the global broker Octa is in no way affiliated with Mr Pavel Prozorov,” an Octa representative.
Wednesday, 09/07/2025 | 10:49 GMT by
Arnab Shome
Plus500 to Enter Indian Derivatives Market, but 9 out of 10 Traders There Lose Money
- The total losses of retail Indian futures and options traders in FY25 amounted to US$12.37 billion, up 41 per cent.
- Meanwhile, Plus500 bought an Indian broker earlier this year for $20 million.
Tuesday, 08/07/2025 | 08:00 GMT by
Arnab Shome
India's New “Thumbs Up” System Helps Traders Distinguish Unregulated from Real Brokers
- The tool was designed to help retail investors identify authorized intermediaries and avoid unauthorized entities.
- This could create additional challenges for the CFD industry, which is already viewed unfavorably by the local regulator.
Thursday, 12/06/2025 | 07:38 GMT by
Damian Chmiel
WazirX Investors Told to Approach Government After Court Dismissal in ₹2,000 Crore Crypto Hack
- Victims have been directed to approach the Union Government, RBI, SEBI, and CBI.
- Allegations of negligence and ownership disputes between WazirX and Binance have increased uncertainty.
Wednesday, 16/04/2025 | 13:33 GMT by
Tareq Sikder
Plus500 Targets Indian 150B Futures Market Growth With Mehta Acquisition
- The UK-based broker is acquiring Indian financial services firm Mehta Equities for $20 million.
- The deal will be funded from Plus500's existing cash reserves of approximately $890 million.
Monday, 24/03/2025 | 07:25 GMT by
Damian Chmiel
Coinbase Gains FIU Approval for Indian Market Re-entry: SEC Drops Lawsuit
- The company resumed operations in India in 2022 but suspended them due to RBI pressure.
- Recently, the SEC dismissed its lawsuit against Coinbase, signaling a shift in crypto regulation.
Tuesday, 11/03/2025 | 11:16 GMT by
Tareq Sikder
Two Prop Firms and ThinkMarkets Added to India's Central Bank Warning List
- The prop trading companies mentioned are FundedNext and Smart Prop Trader.
- According to the central bank, these entities lack authorization to offer FX trading in the country.
Wednesday, 23/10/2024 | 07:11 GMT by
Damian Chmiel
Mastercard Takes On Fraud with Biometric Passkey Launch in India
- The service replaces traditional passwords and OTPs with fingerprints or facial scans.
- It uses tokenization to protect payment and biometric data, reducing the risk of unauthorized access.
Thursday, 29/08/2024 | 10:28 GMT by
Tareq Sikder
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