ArigoFX — Courts Indian Traders, Admits No SEBI Licence

ArigoFX (arigofxtrading.com) markets itself as “Trusted by Indian Traders”, with UPI deposits, a 50% deposit bonus and leverage up to 1:500. Its own FAQ then says it is “not authorised by SEBI or the RBI” and that sending money abroad for margin forex trading “is not a permitted purpose” under India’s remittance rules.

Registered is not regulated

The company number is real in the sense that Saint Lucia registers companies. But a company registry is not a financial regulator, and the site names no licence, no licence type and no supervising body. Its “Since 2025” badge sits next to statistics that read “0+” instruments and “0/7” support.

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Why this matters for Indian traders

Margin forex with an offshore broker is not a permitted use of the Liberalised Remittance Scheme — the site says so itself.
UPI payments to such brokers usually go to personal or mule accounts, which makes recovery hard.
A bonus with no published terms is often used to block withdrawals later.

⚠ What we confirmed

Targets India, admits it is not SEBI or RBI authorised.
Saint Lucia company, no regulator.
Leverage up to 1:500; 50% bonus.
Domain registered May 2025.

We found no current regulator warning naming this exact website, so this is a red-flag review, not a regulator finding.

Sources: arigofxtrading.com homepage, account pages and FAQ (read on 22 October 2026); RDAP records for arigofxtrading.com and arigofx.com. General information only.

Depositing to ArigoFX through UPI?

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Or write to support@ettran.com — Tell us the UPI ID or account you paid into.

Website	arigofxtrading.com (email on arigofx.com)
Company	ARIGOFX LTD, Saint Lucia, No. 2025-00368
Regulator	None named — “regulated in Saint Lucia”
Leverage	Up to 1:500
Bonus	50% deposit bonus, no terms shown
Domain registered	26 May 2025