Reserve Bank of India blacked listed Metatrader4 and Metatrader5
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Reserve Bank of India (RBI) has released an alert list of entities that are neither authorised to deal in forex under the Foreign Exchange Management Act, 1999 (FEMA), nor authorised to operate electronic trading platforms (ETP) for forex transactions.
The central bank has said Indian people should not undertake forex transactions on unauthorised ETPs or remit or deposit money for such transactions. Those indulging in illegal forex transactions can render themselves liable for legal action under the FEMA.
https://timesofindia.indiatimes.com/gadgets-news/rbi-issues-alert-list-declares-these-34-forex-trading-online-platforms-as-illegal/articleshow/94126965.cms
https://www.financialexpress.com/money/rbi-alert-list-using-these-apps-and-websites-will-land-you-in-legal-trouble-full-list/2659482/
https://m.rbi.org.in/scripts/bs_viewcontent.aspx?Id=4235