What is 123CAPITALS？
123CAPITALS is an Indian broker who offers Equity, Derivative, Currency derivative and Commodity derivative trading services and depository participant (DP) services to its clients. However, it's of great importance to note that the broker currently operates without valid regulatory oversight, which raises concerns about its legitimacy and liability.
In our upcoming article, we will present a comprehensive and well-structured evaluation of the broker's services and offerings. We encourage interested readers to delve further into the article for valuable insights. In conclusion, we will provide a concise summary that highlights the distinct characteristics of the broker for a clear understanding.
Pros & Cons
123Capitals offers a diverse spectrum of financial services including Equity, Derivative, Currency derivative and Commodity derivative trading services and depository participant (DP) services, catering to various investment needs.
However, the lack of regulation raises concerns about investor protection and oversight. Additionally, the absence of popular MT4/MT5 trading platforms limits compatibility for some traders, impacting their trading experience.
Is 123CAPITALS Safe or Scam？
When considering the safety of a broker like 123CAPITALS or any other platform, it's important to conduct thorough research and consider various factors.
Regulatory sight: Currently, this broker operates without any legitimate regulatory oversight, raising concerns about transparency and accountability.
User feedback: To get a deeper understanding of the broker, it is suggested that traders explore reviews and feedback from existing clients. These shared insights and experiences from users can be accessed on reputable websites and discussion platforms.
Security measures: 123CAPITALS prioritizes client security with robust privacy policies, ensuring protection of personal data and safeguards clients' confidential information and transactions.
In the end, choosing whether or not to engage in trading with 123CAPITALS is an individual decision. It is advised that you carefully balance the risks and returns before committing to any actual trading activities.
Products & Services
123CAPITALS stands out as a burgeoning force in India's financial landscape, offering a diverse range of integrated financial services with a primary focus on broking. Headquartered in Chennai, the company provides a comprehensive suite of financial solutions encompassing equity, derivative, currency derivative, and commodity derivative trading. Through partnerships with major exchanges such as NSE, BSE, and MCX, clients benefit from access to a wide array of investment opportunities across various asset classes.
Additionally, 123CAPITALS has registered its depository participant (DP) services with IL&FS in NSDL, further enhancing its capabilities to cater to the evolving needs of investors.
Trading Platforms
123CAPITALS offers a proprietary web-based trading platform. Despite claims of availability on multiple devices and operating systems on Windows, iOS and Android, encountering error pages when accessing the platform's links raises concerns about its reliability and accessibility.
Deposit & Withdrawals
123Capitals offers a variety of funding methods to facilitate transactions for its clients. Investors can transfer funds instantly from their registered bank accounts using UPI, free of charge, directly through the Trading Platform.
However, it's important to note that 123 Capitals does not accept digital wallet transfers or transfers directly from UPI apps. Alternatively, clients can opt for instant payment gateway transfers via net banking through the Trading Platform, with fees ranging from ₹9 + 18% GST to ₹18 + 18% GST, depending on the bank.
For those preferring traditional banking methods, funds can also be transferred to 123 Capitals' account using IMPS, NEFT, or RTGS.
Additionally, clients have the option to provide a registered bank cheque leaf for fund transfer via cheque. It's essential to adhere to the specified cut-off times for withdrawal requests, as outlined for different trading segments.
Withdrawal requests are typically processed within 24 hours, with additional working days required for requests placed after the cut-off times. For further clarification or assistance, clients can contact 123 Capitals via phone or email.
Customer Service
123CAPITALS offers customer support via phone, email, physical address and contact us form as well as WhatsApp and social media including Facebook, YouTube, Twitter, Instagram and LinkedIn. These accessible methods ensure timely assistance and communication for clients seeking help or information.
Corporate Office:
123 Capitals
No: 26/49, Ground Floor, Venkatakrishna Road, Near Mandaveli Bus Stand, Mandaveli, Chennai-600028, Tamil Nadu, India.
Registered Office:
123 Capitals
No: 45/24, Thiruvalluvar Street, Bhavani Road, Perundurai, Erode - 638052, Tamil Nadu, India.
Tel: 9095000123/044-45004123.
Emai: connect@123capitals.com.
Educational Resources
123Capitals provides an extensive educational resource known as “123 Academy,” where individuals can delve into the fundamentals of trading. Whether you're a beginner, seasoned trader, or investor, 123 Academy offers tailored sessions, webinars, and offline courses to cater to specific needs and level of expertise.
With a distinguished focus on each group, beginners can grasp the basics of trading, while traders can enhance their skills, and investors can deepen their understanding of the market dynamics.
Conclusion
In summary, 123CAPITALS is a broker based in India and provides a variety of financial services including Equity, Derivative, Currency derivative and Commodity derivative trading, depository participant (DP) services. However, the broker is not regulated by any valid regulatory bodies so far, which raises concerns about its liability and commitment to client safety.
Frequently Asked Questions (FAQs)
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
2023-03-10 18:28
