The Reserve Bank of India (RBI) has added eight entities or apps to the 'alert list' of unauthorised forex trading platforms. The entities not authorised by the central bank include QFX Markets, 2WinTrade, Guru Trade7 Limited, Bric Trade, Rubik Trade, Dream Trade, Mobile Application, Mini Trade, and Trust Trade.

Features and Services: Minimum deposit and trade amounts are relatively low, starting at ₹100 and ₹20 respectively [1]. They offer a free demo account with ₹10,000 virtual funds to gain trading experience in a risk-free environment [1].

With a $10,000 account, a good day might bring in a five percent gain, which is $500. However, day traders also need to consider fixed costs such as commissions charged by brokers. These commissions can eat into profits, and day traders need to earn enough to overcome these fees [2].

How do I withdraw money from Guru Trade 7? You can deposit and withdraw your amount through Paytm, Visa Card, Maestro Card and Bitcoin in Guru Trade 7. Minimum withdrawal amount for Guru Trade 7 is Rs. 100. …