Abstract:You have seen many people around you. Who do not thoroughly investigate before investing and later on when their hard-earned money gets swindled by fraudulent brokers. They regret and rant. Before you end up in this worse situation, We are informing you about the most complained brokers in India during the last month because Its Better Aware than Regret and Rant. Watch out for the list below, and beware.

You have seen many people around you. Who do not thoroughly investigate before investing and later on when their hard-earned money gets swindled by fraudulent brokers. They regret and rant. Before you end up in this worse situation, We are informing you about the most complained brokers in India during the last month because Its Better Aware than Regret and Rant. Watch out for the list below, and beware.
- Established in 2022, CapmoreFX is a regulated forex and CFD brokerage firm that is registered in Saint Vincent and the Grenadines. CapmoreFX offers its clients access to leading trading platforms, including MetaTrader 4 (MT4), that allow clients to trade a variety of financial instruments, including forex, cryptocurrencies, commodities, indices, and stocks.
- Registered in Saint Vincent and the Grenadines, Sapphire Markets is an offshore forex broker established in 2021, offering its clients a series of trading instruments, such as Foreign Exchange, Commodities, and more. Sapphire Markets claims traders can enjoy competitive spreads through the advanced MT5 trading platform, leverage up to 1:500.
- ASFX is an online broker based in the United Kingdom. It uses the MetaTrader 5 software platform and offers a variety of trading options, including forex, commodities, indices and cryptocurrencies.
- Standard Guarantee Trading Pro is an online trading broker owned by Standard Guarantee Trading Pro. The company is located at 866 Scott Street, Greenville, USA, ME 04441. To contact Standard Guarantee Trading Pro, their support team can be reached via phone at +44748788779 or by email at support@sgt-pro.online. Their website can be found at : sgt-pro.online
- FXTrade is an online broker registered in China, with its founding time, real address, and the company behind it not disclosed to all. FXTrade does not fall under any regulatory agencies, so FXTrade is just another unregulated broker, which means clients fund safety cannot be protected.
- Growfic is a China-based Newbie broker. It is owned by Growfic Limited. Their website can be found at: https://growficlimited.com/. It has two years of experience.
- AceFxPro, a trading name of Ace Global Limited, is allegedly a multi-asset broker founded in 2015 and registered in Saint Vincent and the Grenadines, claiming to provide its clients with the worlds most widely-used MT5 platform, flexible leverage up to 1:500.
Install the WikiFX app on your smartphone to stay updated with latest news of Forex. WikiFX is a global forex broker regulatory enquiry platform that has investigated and reviewed more than 40,000 brokers, collaborating with more than 30 national regulators. To learn more about the security and reliability of your chosen brokers, visit www.wikifx.com or download our free app from Google Play or app store.


The Indian rupee settled at 95.15 against the US dollar on 5 August 2026, gaining 13 paise after the Reserve Bank of India's Monetary Policy Committee voted 6-0 to keep the repo rate unchanged at 5.25 percent for the third time in a row in FY27. The rupee had opened 46 paise higher, rallied to an intraday strongest of 94.89 ahead of the policy decision, and then drifted back as RBI Governor Sanjay Malhotra noted that the currency 'has not appreciated as intended despite the high flows from foreign shores.' A weak dollar index, a sharp pullback in Brent crude from above USD 100 in July, and net FII equity inflows of Rs 2,447 crore on Tuesday combined to support the rupee. USD-INR is expected to trade in a 94.80-95.50 band in the near term.

Errante, a Seychelles-based brokerage entity, is facing serious trading allegations from users globally. Users claim to have earned profits legitimately using their strategies. However, on the Errante login dashboard, many users reported an automatic deduction of earned profits. At the same time, withdrawal issues allegedly haunt many traders here. While investigating, we also found complaints concerning trade order manipulations by the broker. In this Errante review, we have examined these allegations and given an overview of its regulatory status.

The Reserve Bank of India has appointed Monisha Chakraborty as Executive Director with effect from 3 August 2026; she will oversee the Foreign Exchange Department and the Financial Markets Regulation Department. Chakraborty is a career central banker with over three decades of experience in Supervision, Foreign Exchange, and Government and Bank Accounts, and previously served as Banking Ombudsman. This report explains the significance of the new RBI Executive Director appointment for forex regulation India, the scope of the Foreign Exchange Department and the Financial Markets Regulation Department, and what authorised persons, banks, and forex market participants should monitor as the new ED takes charge.

A forex liquidity provider decision now shapes the broker's spreads, fills, slippage, hedging cost, regulatory exposure, and exit options long after the platform is chosen. This 2026 guide explains what a forex LP actually delivers versus what the marketing claim says, how tier-1 banks, prime of prime, and multi-LP aggregators differ in practice, and how execution models (DMA, ECN, STP) change the broker's daily operating reality. It also walks through due diligence on credit, technology, reporting, governance, and exit, and shows how a 2026 broker can combine a primary LP with secondary routing without losing control of the client experience. Use the decision matrix, integration timeline, and operational tests to compare an fx liquidity provider before contract signature, not after a market event.