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Islamabad–The State Bank of Pakistan Wednesday issued an advisory against illegal offshore foreign exchange trading websites, mobile applications, and platforms.
The central bank said that it has noticed an increasing number of offshore foreign exchange trading websites, mobile applications, and platforms such as OctaFX, and Easy Forex which are offering their products and services to residents of Pakistan.
These digital platforms lure people through social media advertisements to buy/invest in their products or services. The advisory said that examples of such products include but are not limited to foreign exchange trading, margin trading, and contract for differences.
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