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NCDEX cautions market participants about unregulated trading platforms

NCDEX cautions market participants about unregulated trading platforms

National Commodity and Derivatives Exchange Limited (NCDEX) has cautioned market participants that the Exchange has come to the notice that some unregulated internet-based platforms and websites are offering trading in certain unregulated derivative products called Contracts for Difference (CFD) and Binary Options.

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MUMBAI, 9 September 2021: National Commodity and Derivatives Exchange Limited (NCDEX) has cautioned market participants that the Exchange has come to the notice that some unregulated internet-based platforms and websites are offering trading in certain unregulated derivative products called Contracts for Difference (CFD) and Binary Options.

Such products are offered through some unregistered entities targeting gullible investors with false promises of high/exorbitant returns on their investment schemes/ products.

Clients/investors falling prey to such fraudulent promises of exorbitantly high returns by these websites/platforms may eventually lose money. Hence, Investors are advised to refrain from dealing/investing in unregulated products such as Contracts for Difference (CFDs) / Binary Options offered by such unregulated internet-based trading platforms.

The Exchange reiterates its advice to clients/investors to deal only with SEBI registered stockbrokers. It may be noted that dealings with only SEBI registered stockbrokers on the exchange platform offer recourse to regulatory action.

Further clients/investors are advised not to transfer funds or securities to the stockbroker under any arrangement/ agreement of indicative/assured/guaranteed returns.

Clients/ Investors are also cautioned not to transfer funds, for the purposes of trading, to anyone including an authorized person or an associate of the broker, other than a SEBI registered stock broker.

Clients/Investors are alerted not to fall prey to fraudsters sending emails and SMSes luring them to trade in securities/ commodities promising huge profits or trading in unregistered schemes/ products. Clients/investors should always do their own research and take an informed decision when investing in securities/ commodities.

Investors are advised to refrain from any investments/dealings arising out of a contract in securities / commodities which are not permitted, or which are not made subject to Bye Laws, Rules and Regulations of the Exchange.


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