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
FXPIG Exposed: Traders Report Withdrawal Denials, Fund Scams & Regulatory Flags
Do you face massive losses due to astonishing spreads at FXPIG? Have you witnessed multiple trade executions by the Georgia-based forex broker even though you wanted to execute a single order? Has this piled on losses for you? Is the FXPIG withdrawal too slow? Maybe your trading issues resonate with some of your fellow traders. In this FXPIG review article, we have shared these issues so that you can introspect them thoroughly before deciding on the best forex trader.
Original 9h
Does WealthFX Generate Wealth or Losses for Traders? Find Out in This Review
The name WealthFX sounds appealing for all those wishing for a rewarding forex journey. However, behind the aspiring name are multiple complaints against the Comoros-based forex broker. These trading complaints dampen the broker’s reputation in the forex community. In this WealthFX review article, we have shared some of these complaints here. Take a look!
Original 10h
FXPrimus Review: Is FXPrimus Regulated and Reliable for 2025?
FXPrimus is a CySEC-regulated forex broker offering MT4, MT5, and WebTrader with flexible leverage and diverse trading instruments since 2009.
Original 11h
IG Japan to Halt Crypto ETF CFDs as FSA Tightens Rules
IG Japan will end cryptocurrency ETF CFDs after new FSA guidance, forcing traders to close positions by January 31, 2026, under stricter crypto rules.
Original 11h
WikiFX Broker
Latest News
The Debt-Reduction Playbook: Can Today's Governments Learn From The Past？
WikiFXTrillium Financial Broker Exposed: Top Reasons Why Traders are Losing Trust Here
WikiFXFIBO Group Ltd Review 2025: Find out whether FIBO Group Is Legit or Scam?
WikiFXAmillex Withdrawal Problems
WikiFXIs INGOT Brokers Safe or Scam? Critical 2025 Safety Review & Red Flags
WikiFX150 Years Of Data Destroy Democrat Dogma On Tariffs: Fed Study Finds They Lower, Not Raise, Inflation
WikiFXCQG Partners with Webull Singapore to Power the Broker’s New Futures Trading Offering
WikiFX【WikiEXPO Global Expert Interviews】Ashish Kumar Singh: Building a Responsible and Interoperable Web3
WikiFXTrump: India\s US exports jump despite 50% tariffs as trade tensions ease
WikiFXIEXS Review 2025: A Complete Expert Analysis
WikiFXCurrency Calculator
USD
CNY
Current Rate: 0
Amount
USD
Available
CNY
Calculate