Score

1.53 /10
Danger

GRD

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Score

Regulatory Index0.00

Business Index7.16

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
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Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

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40G

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Warning: Low score, please stay away!
Previous Detection : 2024-12-26
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

GRD · Company summary
GRD Review Summary
Founded2000
Registered Country/RegionIndia
RegulationNo regulation
Products & Services Equity & Derivatives, Commodities & Currency, Depository, FPl Services, Proprietary Trading, IPOs, Mutual Funds, Investment Advisory
Trading PlatformMobile app
Customer SupportKOLKATA: 238A, A. J. C. Bose, 6th floor, Kolkata – 700020;
MUMBAI: #1702, 1 Lodha Place, (Next to “ World Towers”) Senapati Bapat Marg, Lower Parel, Mumbai – 400 013;
NEW DELHI: Unit No.709, 7th Floor, Aggarwal Cyber Plaza, 1, Netaji Subhash Place, Pitampura, New Delhi – 110 034;
GANDHINAGAR: GRD Securities IFSC Ltd., Signature Building, Unit No. 313, 3rd Floor, Block 13-B, Zone 1, Gift SEZ, Gandhinagar – 382 355, Gujarat
Tel: + (033) 4084 4444; email: customercare@grdgroupz.com
Fax: +91 33 4084 4499; contact form
More details for branch offices: https://grd.customerfirst.info/branch_details.pdf

GRD Information

GRD was founded in 2000 with headquarters in KOLKATA, India and then opened several branches in the country after development over the years. It offers a series of financial services including trading in Equity & Derivatives, Commodities & Currency, Mutual Funds, as well as Depository and FPl Services, Proprietary Trading, IPOs, and Investment Advisory.

However, one thing that you should not neglect is that the broker currently operates without valid regulation from any authority bodies.

GRD Information

Pros and Cons

Pros Cons
Wide range of financial servicesNo regulation
Limited info on trading conditions

Is GRD Legit?

Regulation is a crucial aspect of evaluating the legitimacy and reliability of a brokerage firm, and in the case of GRD, the broker operates without any valid regulatory oversight. The absence of a regulatory framework raises significant concerns regarding the broker's adherence to industry standards, financial transparency, and the protection of client interests.

Products and Services

GRD provides a wide range of financial services mainly for Indian investors. These include:

  • Equity and Derivatives Trading: Stocks and common equity derivatives such as futures and options enable investors to take positions in individual companies and indices.
  • Commodities and Currency Trading: Commodities such as gold, silver, and crude oil, as well as major currency pairs in the forex market are also provided by GRD to hedge against inflation and currency fluctuations.
  • Depository Services: GRD DP Account offers dematerialisation, rematerialisation, transfer and pledging of shares, stock lending and borrowing. It's free to open an DP account, but a non-refundable nominal deposit is required and will be adjusted for future billings.
  • FPI Services: GRD offers FPI (Foreign Portfolio Investor) services, enabling foreign investors to invest in Indian securities markets. This includes assistance with registration, compliance, and advisory services for foreign investors looking to participate in the Indian markets.

Note: Current eligible countries are Australia, Austria, Bahrain, Belgium, Brazil, Bulgaria, Canada, China, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hong Kong, Hungary, Iceland, Italy, Japan, Korea, Lithuania, Luxembourg, Malta, Mexico, Netherlands, New Zealand, Norway, Oman, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, Slovakia, Slovenia, South Africa, Spain, Sweden, Switzerland, UAE, UK, USA.

  • Proprietary Trading: GRD provides proprietary trading services, where the firm trades with its own capital to generate profits.
  • IPOs: GRD facilitates IPOs (Initial Public Offerings), allowing clients to invest in newly listed companies' shares.
  • Mutual Funds: Mutual funds are also available through GRD, providing clients with access to professionally managed investment portfolios. Clients can invest in a diversified portfolio of securities without needing to directly manage the investments themselves.
  • Investment Advisory: GRD offers investment advisory services, providing clients with personalized investment advice based on their financial goals and risk tolerance.
Products and Services

Trading Platform

GRD claims to offer real-time trading on proprietary trading platform on a mobile app, but you need to contact a service representative at 033-40844483 for details.

Trading Platform

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