Overview of Bharath Capitals
Abans Group is a financial services company based in the United Kingdom, established in 2022. Despite being unregulated, they offer a range of trading products including Forex pairs, commodities, and cryptocurrencies, with a minimum deposit requirement of £1000.
The company operates on the popular Meta Trader 4 and Meta Trader 5 platforms and provides a demo account for practice trading. Commission rates vary from 0 to 5% per lot.
Abans Group offers customer support through phone (+44 (0)203 868 5803) and email (support@abansfx.com). For financial transactions, they accept bank transfers as well as credit and debit card payments.
Is Bharath Capitals Legit or a Scam？
Abans Group, as of its founding in 2022, operates as an unregulated entity in the financial services sector. This means that the company is not overseen by any financial regulatory bodies in the United Kingdom or elsewhere.
The lack of regulatory oversight can imply greater flexibility in its operations and offerings, but it also means that clients may not have the same level of protections or recourse that regulated financial institutions provide.
Pros and Cons
Pros:
Various Trading Options: Offering a range of products such as Forex, forex pairs, commodities, and cryptocurrencies, Abans Group meets a wide array of trading interests and strategies.
Competitive Spreads and Commissions: With spreads ranging from 0.05 to 1.6 pips and commissions as low as 0% up to 5% per lot, the company provides cost-effective trading options for its clients.
Access to Popular Trading Platforms: The availability of Meta Trader 4 and Meta Trader 5 allows traders to utilize well-established, user-friendly platforms for their trading activities.
Demo Account Availability: The provision of a demo account is beneficial for new traders to practice and develop trading strategies without financial risk.
Multiple Deposit and Withdrawal Options: The flexibility in banking methods, including bank transfers, credit/debit cards, and third-party payments, offers convenience in fund management.
Cons:
Unregulated Status: As an unregulated entity, Abans Group lacks the oversight by financial regulatory bodies, potentially increasing the risk for clients due to fewer protections.
Minimum Deposit Requirement: A minimum deposit of £500 may be a barrier for small-scale or beginner traders who wish to start with a lower financial commitment.
Potential for Higher Commissions: While commissions can start at 0%, they can rise up to 5% per lot, which will be costly for traders executing a high volume of transactions.
Risk in Trading Products: Trading in Forex, commodities, and cryptocurrencies inherently carries high risks due to market volatility, which will not be suitable for all investors.
Limited Customer Support Channels: While phone and email support are available, the absence of 24/7 support or live chat options will limit timely assistance for global clients across different time zones.
Products
Bharath Capitals offers a variety of market instruments across different asset classes. These include:
Forex (Foreign Exchange) Trading: This involves the buying and selling of currencies on the foreign exchange market. Clients can engage in trading major, minor, and exotic currency pairs, taking advantage of the liquidity and 24-hour trading cycle of the global forex market.
Commodities Trading: This product allows clients to trade in various commodities, which may include precious metals like gold and silver, energy commodities like oil and natural gas, and agricultural products like wheat and coffee. Commodities trading can serve as a hedge against inflation and currency devaluation.
Asset Management: This service focuses on managing clients' investments in various asset classes to achieve specific financial goals. It can include portfolio management, investment strategy formulation, and ongoing monitoring of investment performance.
Futures Trading: Futures contracts are financial derivatives that obligate the buyer to purchase, and the seller to sell, a particular asset at a predetermined future date and price. This product allows clients to speculate on or hedge against the future price movements of various assets, including commodities, currencies, and indexes.
Options Trading: Options provide the right, but not the obligation, to buy or sell an underlying asset at a set price before a certain date. This type of trading allows clients to speculate on the direction of asset prices or hedge their portfolios against potential losses.
Fund Raising: This service likely involves assisting companies or individuals in raising capital through various means. This could include activities like structuring and executing financing strategies, accessing public and private capital markets, and facilitating transactions like initial public offerings (IPOs), private placements, or debt offerings.
How to Open an Account？
Opening an account with a financial services company typically involves a straightforward process. Here's a general four-step guide that can be adapted to most situations:
Visit the Official Website: Start by navigating to the company's official website. This is where you'll find detailed information about their services and the account opening process. Look for the section labeled “Open an Account” or similar.
Complete the Application Form: You will be required to fill out an application form with your personal and financial details. This typically includes your name, address, contact information, employment details, financial status, and investment experience. Ensure that all information is accurate and up-to-date to comply with regulatory requirements.
Submit Identification Documents: As part of the Know Your Customer (KYC) regulations, you'll need to provide identification documents. This usually includes a government-issued ID (like a passport or driver's license), proof of address (such as a utility bill or bank statement), and possibly additional documentation depending on the regulatory requirements.
Fund Your Account: Once your application is approved and your account is set up, the final step is to fund it. This can typically be done via bank transfer, credit/debit card, or other accepted payment methods. Ensure you meet the minimum deposit requirement, if there is one.
Spreads & Commissions
For the company, the spreads and commissions are structured as follows:
They are set between 0.3 to 1.1 pips. This range indicates the cost difference between the buying and selling price of a trading asset.
A spread of 0.3 pips is relatively low and favorable for traders, as it suggests a smaller cost per trade, especially beneficial for high-frequency trading.
On the other hand, a spread of 1.1 pips, while still competitive, is on the higher end and could signify a higher trading cost for certain assets or during specific market conditions.
The company charges commissions ranging from 3% to £40 per lot. This fee structure indicates that the company applies a variable commission rate depending on various factors such as the type of financial instrument being traded, the account type, or the trading volume.
A 3% commission is a percentage-based fee that could be more significant for larger trades, while a flat fee of £40 per lot represents a fixed cost regardless of the trade size, which will be more cost-effective for larger transactions.
Trading Platform
Bharath Capitals, the company offers two primary trading platforms:
Meta Trader 4 (MT4): Meta Trader 4 is widely recognized in the forex trading community for its user-friendly interface, robust functionality, and reliability. It provides a range of features including advanced charting tools, a multitude of technical indicators, automated trading capabilities through Expert Advisors (EAs), and customizable trading templates.
Meta Trader 5 (MT5): As the successor to MT4, Meta Trader 5 offers all the admired features of MT4 but with additional capabilities. MT5 is designed to meet a broader range of financial markets beyond just forex, including commodities, indices, and stocks.
Deposit & Withdrawal
The deposit and withdrawal options for the company, along with the minimum deposit requirement, are as follows:
Both deposit and withdrawal processes are essential aspects of managing a trading account, and the availability of multiple methods offers flexibility to clients in terms of how they fund and access their money.
Customer Support
Customer support for Bharath Capitals is accessible through multiple channels to assist clients with their queries and needs.
Clients can reach out to the company directly at their office located at 71-75, Shelton Street, Covent Garden, London, WC2H 9JQ, United Kingdom, for any in-person assistance.
For more immediate support or inquiries, customers can contact them via phone at +44 168 966 0517. Additionally, for email assistance, queries, or support requests, clients can email the customer service team at support@bharathcapitals.com.
Conclusion
In conclusion, Bharath Capitals, based in London, United Kingdom, offers a various range of financial services, including forex and commodities trading. With competitive spreads and commissions, the company attracts traders of varying experience levels.
They provide access to popular trading platforms like Meta Trader 4 and Meta Trader 5, enhancing the trading experience. While the minimum deposit requirement of £500 may be a consideration, the company facilitates deposits and withdrawals through multiple methods.
Their customer support can be reached via phone and email, ensuring clients have accessible channels for assistance. However, it's important to note that the company's regulatory status is unverified.
FAQs
Q: What types of trading products are available at Bharath Capitals？
A: Bharath Capitals provides trading opportunities in forex and commodities, allowing clients to engage in the foreign exchange and commodities markets.
Q: What are the trading platforms offered by Bharath Capitals？
A: The company offers Meta Trader 4 (MT4) and Meta Trader 5 (MT5) as trading platforms. These platforms are known for their user-friendly interfaces and analytical tools.
Q: What is the minimum deposit required to open an account with Bharath Capitals？
A: The minimum deposit requirement is £500, which is necessary to start trading with the company.
Q: What are the spreads and commissions charged by Bharath Capitals？
A: The company offers spreads ranging from 0.3 to 1.1 pips and commissions from 3% to £40 per lot, depending on various factors.
Q: How can I contact customer support at Bharath Capitals？
A: You can reach the customer support team via phone at +44 168 966 0517 or by emailing support@bharathcapitals.com for assistance or inquiries.
2024-01-03 18:08
