The Pakistan Telecommunication Authority (PTA) has released a public advisory cautioning citizens about investing in unauthorized foreign Forex trading platforms. The PTA has specifically flagged platforms like Exness, Expert Option, OctaFX, and other similar operators, which it labels as illegal and unauthorized within Pakistan.
According to the PTA, these platforms lack the necessary licenses and regulatory approvals, posing significant risks to investors. The advisory urges the public to avoid investing in these platforms or providing funds to individuals for trading on these unlicensed platforms.
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The advisory was issued in response to growing concerns over fraudulent activities and financial losses that citizens have suffered while using these unregulated platforms. PTA reiterated its dedication to safeguarding consumers and ensuring the integrity of Pakistan’s financial system.
PTA advises citizens to thoroughly verify the legitimacy of Forex trading platforms before investing and to report any suspicious activities directly to the PTA. The regulatory body has pledged strict action against individuals or entities involved in operating illegal trading platforms in Pakistan.
