Global Broker Regulation Inquiry App
WikiFX
English
简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Talk of the Town: TP Global FX Scam Busted in India!
Abstract：TP GLOBAL FX is back in the news. The Enforcement Directorate (ED) has found a scam related to TP GLOBAL FX in India. The investigation started after police in Kolkata, Maharashtra, and Gujarat filed several FIRs under different laws. The case is about the accused tricking people into a fake forex trading scheme through unregulated platforms.
TP GLOBAL FX is back in the news. The Enforcement Directorate (ED) has found a scam related to TP GLOBAL FX in India. The investigation started after police in Kolkata, Maharashtra, and Gujarat filed several FIRs under different laws. The case is about the accused tricking people into a fake forex trading scheme through unregulated platforms.
This action is part of an investigation into TM Traders, KK Traders, TP Global FX, and their affiliated entities under the Prevention of Money Laundering Act (PMLA), 2002.
The Enforcement Directorate (ED) carried out search operations in Mumbai, Bengaluru, Jalandhar, Indore, and Kolkata related to a significant forex scam involving shell companies and unregulated trading platforms.
Inside the ED Investigation
During the coordinated raids, ED officers confiscated foreign currency worth about Rs 6.4 lakh, gold bars valued at Rs 55.7 lakh, and bank balances totaling nearly Rs 94 lakh. They also seized property papers, multiple digital devices, and incriminating documents from different sites.
Conclusion
If you want to read informative articles about forex brokers, you can download the WikiFX app and stay updated with the latest news related to the forex market — such as scam alerts, regulatory warnings, new broker features, and broker exposés. You can access all this news in one place, or simply visit the news section on the WikiFX website. Chcekout this important Article -
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Read more
WikiEXPO Global Expert Interviews: Gustavo Antonio Montero: ESG in Finance
As WikiEXPO Dubai concludes successfully, we had the pleasure of interviewing MR. Gustavo, the Chairman and Founder of Carter Capital Management. (Sustainable Digital Assets Management) and Palmer Advisory and Consulting. Palmer is a global business that develops advanced fintech/digital technology solutions and works with Blockchain technologies.
Original 1h
Consob Targets Political Deepfake “Clone Sites” and Unlicensed Platforms in Latest Enforcement Round
New Consob blackouts expose cloned investment sites and illegal forex platforms; investors are urged to verify licences and domains before funding any account.
Original 3h
Fidelity Exposed: Traders Complain About Withdrawal Denials, Frozen Accounts & Platform Glitches
Does Fidelity Investments prevent you from accessing funds despite numerous assurances on your requests? Do you witness an account freeze by the US-based forex broker every time you request withdrawal access? Do you struggle with an unstable trading platform here? Is the slow Fidelity customer service making you face forced liquidation? These issues haunt traders, with many of them voicing their frustration on several broker review platforms such as WikiFX. In this Fidelity review article, we have shared quite a few complaints for you to look at. Read on!
Original 15h
Exposing The Trading Pit: Traders Blame the Broker for Unfair Withdrawal Denials & Account Blocks
Did you receive contradictory emails from The Trading Pit, with one approving payout and another rejecting it, citing trading rule violations? Did you purchase multiple trading accounts but receive a payout on only one of them? Did The Trading Pit prop firm refund you for the remaining accounts without clear reasoning? Did you face account bans despite using limited margins and keeping investment risks to a minimum? These are some raging complaints found under The Trading Pit review. We will share some of these complaints in this article. Take a look.
Original 15h
WikiFX Broker
Latest News
2 Malaysians Arrested in $1 Million Gold Scam Impersonating Singapore Officials
WikiFXExness Broker Expands in South Africa with Cape Town Hub
WikiFXFraud Mastermind Zhimin Qian Sentenced to 11 Years for $6.6 Billion Bitcoin Ponzi Scheme
WikiFXIs FXPesa Regulated? Real User Reviews & Regulation Check
WikiFXAlmahfaza Broker – 2025 Review: Safe or Scam?
WikiFXUniglobe Markets Review 2025: A Complete Guide to an Unregulated Broker
WikiFXINZO Broker No Deposit Bonus: A 2025 Deep Dive into Its Offers and Risks
WikiFXGlobal Guide to Finding Forex IBs/Brokers — Share Your Pick and Win Big!
WikiFXTrump tariffs are helping drive U.S. beef prices to new highs
WikiFXConsob Targets Political Deepfake “Clone Sites” and Unlicensed Platforms in Latest Enforcement Round
WikiFXCurrency Calculator
USD
CNY
Current Rate: 0
Amount
USD
Available
CNY
Calculate