NSE cautions against schemes with assured/guaranteed returns on investment in forex market


NSE vide circular dated 18 September 2023 has cautioned Investors about person named “Ankit Kumar” associated with entity named “Live Forex” operating through mobile number “8018388453” and website “www.liveforex.uk” and application “play.google.com/store/apps/details?id=com.live.forex” is providing assured/guaranteed returns on investment in forex market.

The investors may note that for any kind of disputes relating to such prohibited schemes none of the following recourses will be available to investors:

  1. Benefits of investor protection under Exchange l s Jurisdiction
  2. Exchange dispute resolution mechanism
  3. Investor grievance redressal mechanism administered by Exchange

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