PTA Warns Against Illegal Forex Trading Platforms

The Pakistan Telecommunication Authority (PTA) has issued a public advisory urging citizens to refrain from investing in illegal foreign Forex trading platforms. The regulatory body specifically identified platforms such as Exness, Expert Option, and OctaFX, along with others, as unauthorized and illegal.

According to the PTA, these platforms operate without the necessary licenses and regulatory approvals, posing significant risks to investors. The authority cautioned citizens against investing in these platforms or entrusting funds to individuals for trading purposes.

The advisory from the PTA comes amid rising concerns over fraudulent activities and the financial losses incurred by citizens using these unauthorized platforms. The regulatory body reaffirmed its commitment to protecting consumers and maintaining the integrity of Pakistan’s financial system.

Citizens are advised to verify the legitimacy of Forex trading platforms prior to investing and to report any suspicious activities to the PTA. The authority has pledged to take strict action against individuals and entities operating illegal trading platforms.

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