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No Regulation
Score
1.52 /10
Danger
Transglobal
5-10 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Comparison
Expose
Exposure
Time Machine
Website
Score
Regulatory Index0.00
Business Index7.07
Risk Management Index0.00
Software Index4.00
License Index0.00
Time Machine
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
open now
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Warning: Low score, please stay away!
2
Previous Detection :
2024-09-21
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The current information shows that this broker does not have a trading software. Please be aware!
WikiFX Verification
Transglobal is a niche broker who is famous for derivative arbitrage in India. It claims that it's a member of National Stock Exchange (NSE), Bombay Stock Exchange (BSE), Central Depository Services Ltd (CDSL), Currency Derivatives Segment and MCX Stock Exchange Limited (MCX-SX).
Pros and Cons
| Pros | Cons |
| Various tradable assets | Not regulated |
| Lack of transparency | |
| Single account type |
Is Transglobal Legit?
Transglobal, founded by Transglobal Securities Ltd. in 2011, is not regulated by any financial authorities. It means that there are no rules that can control it. Many risks like legal risks, funds risks are under it.
What Can I Trade on Transglobal?
| Tradable Instruments | Supported |
| Arbitradge Trading & Hedging | ✔ |
| Derivative Trading | ✔ |
| Equity Broking | ✔ |
| Depository | ✔ |
| Cryptocurrencies | ❌ |
| Metals | ❌ |
Account Type
Transglobal only offer Basic Services Demat Account (BSDA). And the demo account is not mentioned.
Fees
Many brokers can charge some fees for holding, so does the Transglobal. If the holding of securities is under Rs. 50 000 or up to Rs 100 000, there are no Annual Maintenance Charges (AMC). Between Rs 50 001- 200 000, the charge of AMC is not exceeding Rs 100. And the maximum fee of AMC is Rs 100 for value of holdings between Rs 100 001 and Rs 200 000.
Customer Service
| Contact Options | Details |
| Phone | 022- 49714412/13/15 |
| info@transglobalsec.in | |
| Support Ticket System | ❌ |
| Online Chat | ❌ |
| Social Media | ❌ |
| Supported Language | English |
| Website Language | English |
| Physical Address | 3 Ashok Chambers, Bharuch Street, Masjid Bunder (E), Mumbai - 400 009 |
The Bottom Line
In conclusion, though it provides low fees for holding securities, the information of Transglobal is not comprehensive and it is not regulated.
FAQs
Is Transglobal good for beginners?
No, Transglobal is not regulated and its information is limited.
Is Transglobal good for day trading?
No. Transglobal only offers holding fees, and the other fees are not mentioned.
Is it safe to trade with Transglobal?
No. Regulation says to protect the safety of funds, but Transglobal is not regulated.
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