Qrates

Is 2WinTrade-Platform for Profit safe and registered in India?

The Reserve Bank of India placed 2WinTrade on its Alert List for unauthorised forex trading. We could not match a regulatory licence for this platform on the official registers we check. Read on to see its exact phone permissions and what users complain about.

By Qrates research desk · 2026-10-27

The Reserve Bank of India placed 2WinTrade on its Alert List for unauthorised forex trading. The app has over 1 crore installs, but its average score from recent reviews over the last 90 days has dropped to 2.33 out of 5 (Qrates directory). We could not match a regulatory licence for this platform on the official registers we check.

Quick answer: Is 2WinTrade safe in India?

  • The Reserve Bank of India placed 2WinTrade on its Alert List for unauthorised forex trading.
  • We could not match a licence for 2WinTrade on the SEBI or RBI registers we check.
  • While the app has over 1 crore installs, the average score of recent reviews over the last 90 days has dropped to 2.33 out of 5.
  • Using an unauthorised platform means you have no legal investor protection if you face withdrawal issues.

Licence and registration

Any app offering stock trading in India requires a SEBI registration. Platforms offering foreign exchange trading need RBI authorisation under FEMA regulations. This legal framework ensures the company follows Indian financial rules and protects investor money.

For 2WinTrade-Platform for Profit, published by 2WIN TRADE, we could not match a licence on the registers we check (RBI, SEBI, IRDAI). The app is listed in the Gold, Bonds & Alternatives category on the app store. However, it operates without a verified Indian regulatory license.

Trading on unregulated trading platforms means your money is not protected by Indian regulators. If the platform shuts down or blocks your account, you cannot complain to SEBI or the RBI for help. Unregulated apps often operate from outside India, making it impossible to take legal action to recover your funds. If you have already lost money, you should review the what to do in the first hour after a UPI fraud to get your money back guide immediately.

Regulator warnings: The RBI Alert List

The RBI maintains an Alert List of entities not authorised to deal in forex or operate electronic trading platforms. The central bank updates this warning list regularly to protect the public from illegal forex trading apps. Many of these unverified platforms offer high-risk products like binary options, which are not permitted for retail investors in India.

The RBI added '2WinTrade' to this Alert List, with the list updated as of November 19, 2025. This official warning means the platform does not have legal permission to offer forex trading to Indian residents. Similar risks apply to other apps, as seen in the Is Olymptrade safe and registered in India: 2026 RBI Alert List facts report.

Indian residents are only allowed to trade forex through authorised persons and on approved stock exchanges. Depositing money into an unapproved platform breaks foreign exchange rules and puts your entire capital at risk.

What it can read on your phone

According to Google Play, the 2WinTrade app requests permission to "Read phone identity" (Qrates directory). This permission allows the app to see your unique device numbers, active call status, and phone network details.

The publisher updated the app 5 days ago. It currently holds over 1 crore installs on Android devices. You can review the exact permissions any app takes in its store listing before you install it on your device.

What users complain about

The app holds an overall Google Play rating of 3.70 from 53,977 ratings (Qrates directory). However, user feedback has turned negative recently, with the average of recent reviews over the last 90 days dropping to 2.33 out of 5.

App metric Current figure
Overall rating 3.70 (53,977 ratings)
Recent 90-day average 2.33
Reply rate to bad reviews 97 percent

We read 373 recent Google Play reviews to see what users experience. The most raised problem is that "Nobody answers", mentioned in 4 of those 373 reviews. The most praised aspect is that the app is "Easy to use", noted in 3 of the 373 reviews.

The publisher is highly active in the review section. They replied to 97 percent of the one and two-star reviews we checked.

How to check this yourself

You can verify the legal status of any trading app before you share your data or deposit money.

  1. Go to the official RBI website (rbi.org.in) and search for the Alert List to see the current list of unauthorised forex platforms.
  2. Visit the SEBI website (sebi.gov.in) to perform a SEBI registration check on the register of intermediaries for any trading app license.
  3. Check the 2WinTrade-Platform for Profit Qrates page to see the latest facts, exact phone permissions and complaint data.
  4. Compare stock broking and trading apps or mutual fund apps in the Qrates directory to see regulated alternatives.

FAQs

Is 2WinTrade registered with SEBI?

We could not match a SEBI registration for 2WinTrade on the registers we check. Any platform offering legal trading in Indian markets must appear on the official SEBI register of intermediaries.

Is trading on 2WinTrade legal in India?

The RBI placed 2WinTrade on its Alert List for unauthorised forex trading. Under FEMA regulations, it is illegal for Indian residents to trade foreign exchange on electronic platforms that lack RBI authorisation.

Can I withdraw money from 2WinTrade in India?

Users on unregulated platforms often face withdrawal issues when they try to move their money back to an Indian bank account. Because the platform operates without Indian regulatory approval, you have no legal avenue for help if your withdrawal gets blocked.

What to do if a trading app is not SEBI registered?

Do not deposit money or share your identity documents with unverified apps. Always cross-check the company name on the SEBI register of intermediaries before you create an account. If you cannot find a valid registration number, look for a licensed alternative instead. You can also compare money apps side by side to ensure you are choosing a reputable provider.

The short version

  • The RBI placed 2WinTrade on its official Alert List for unauthorised forex trading.
  • We could not match a SEBI or RBI licence for the platform on the registers we check.
  • The app has over 1 crore installs, but its average score from recent reviews is 2.33 out of 5.
  • The app requests permission to read your phone identity.
  • Unregulated platforms offer no legal protection if you face problems withdrawing your money.

Sources

Disclaimer

Qrates is an information directory. It takes no commission from any company listed and does not recommend products. Figures are taken from the sources named and dated, and they change; check the company's own page before you decide. This is not investment, credit, insurance or tax advice for your situation. A licence or a clean record today does not guarantee how a company behaves later. To complain, use the regulator's own portal (RBI CMS, SEBI SCORES or IRDAI Bima Bharosa).

Questions people ask

Is 2WinTrade registered with SEBI?

We could not match a SEBI registration for 2WinTrade on the registers we check. Any platform offering legal trading in Indian markets must appear on the official SEBI register of intermediaries.

Is trading on 2WinTrade legal in India?

The RBI placed 2WinTrade on its Alert List for unauthorised forex trading. Under FEMA regulations, it is illegal for Indian residents to trade foreign exchange on electronic platforms that lack RBI authorisation.

Can I withdraw money from 2WinTrade in India?

Users on unregulated platforms often face withdrawal issues when they try to move their money back to an Indian bank account. Because the platform operates without Indian regulatory approval, you have no legal avenue for help if your withdrawal gets blocked.

What to do if a trading app is not SEBI registered?

Do not deposit money or share your identity documents with unverified apps. Always cross-check the company name on the SEBI register of intermediaries before you create an account. If you cannot find a valid registration number, look for a licensed alternative instead.

Sources

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