Thoughts and experiences on apps like Binomo, OctaFX etc?

[beeyanna]

I watched this video of LLA and thought I'll share it as well as get the community's thoughts and experience about it.

LLA Video Link

PS: I don't use these apps nor will I ever install them in future.

 

[ezekiel7]

@beeyanna I hope you have seen this news https://www.financialexpress.com/mo...-land-you-in-legal-trouble-full-list/2659482/

Basically RBI recently unauthorised a bunch of apps from forex trading. The two apps you mention is also in the list. Basically it's illegal to use these now for forex trading.

 

[beeyanna]

@ezekiel7 I am aware. I don't participate in any kinda trading with any app whatsoever. I just wanted to know if anyone has tried them and also to aware the oblivious people about the ban.

 

[wynne]

@ezekiel7 hey this will not affect forex cards like niyo right?

 

[sixteeen7leven]

@beeyanna RBI has warned us at least 2 times, even saying these are unauthorised apps.

It is just that their way of telling this is boring and LLA has done a good task using their reach for dissemeniating this information.

 

[2grownfaith]

@beeyanna Thank you all, you have saved me!