Zerodha CEO Nitin Kamath has joined the Reserve Bank of India (RBI) in warning against illegal electronic trading platforms offering forex trading to Indians.
“We warned people about illegal CFD forex and binary trading platforms a while back, but I still keep seeing ads that mean people are still losing money,” Kamath said.
The founder of Zerodha, who is known for his educational tweets on markets and trading, said, “Today’s RBI press release will put an end to these illegal platforms.”
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