28 IPL TEAM SPONSORS are FAKE!
Forex Trading Applications like Binomo, OctaFX, OlympTrade are on a rise, with IPL teams like Delhi Capitals sponsoring OctaFX and Sunrisers Hyderabad sponsoring Binomo. However, RBI has published an Alert List of 75 platforms, informing that these trading applications are nothing but Fake. They are not registered under with RBI or SEBI, hence violating the FEMA rules. While trading can be done on these applications, the number of frauds are high. Alongside, if caught, Enforcement Directorate (ED) investigates these matters.
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