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Basan -

Score

1.41 /10
Danger

Basan

India

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://basanonline.com

Influence

C

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Comparison

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Time Machine
Website

Score

Regulatory Index0.00

Business Index6.20

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

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40G

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Warning: Low score, please stay away! 2
Previous Detection : 2025-09-08
  • 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

Basan · Company summary
Basan Review Summary
Founded 1996
Registered Country/RegionIndia
RegulationNo regulation
Market InstrumentsForex, Commodities, Derivatives, Equities, Mutual Funds, IPO
Demo Account/
Leverage/
Spread/
Trading PlatformMobile APP, WebTrader
Minimum Deposit/
Customer SupportContact Form
Email: helpdesk@basanonline.com
Tel: +91 9861645000 / (040) 61645000
Social media: Facebook, LinkedIn, X, Instagram
Address: 3-6-196/197, 2nd Floor, Prime Plaza, Above WoodLand, Himayatnagar, Hyderabad - 500029

Basan Information

Basan is an India-based broker founded in 1996, which is unregulated. It offers a diverse range of market instruments, for instance: Forex, Commodities, Derivatives, Equities, Mutual Funds, IPO.

Basan Information

Pros and Cons

Pros Cons
Various trading asestsUnregulated
Multiple contact channelsLimited info on trading conditions
Free account openingMT4, MT5 not supported
Long operational history

Is Basan Legit?

Basan are unregulated. Please be aware of the risk!

license

What Can I Trade on Basan?

Tradable Instruments Supported
Forex✔
Commodities✔
Derivatives✔
Equities✔
Mutual Funds✔
IPO✔
Stocks❌
Indices❌
Cryptocurrencies❌
assets
assets

Fees

Basan does not charge any fees for account opening, equity brokerage, and mutual funds trading, but it charges certain amounts of fees for currency and commodity trading.

ProductsBrokerage Fees
Currency Futures0.03% or ₹ 20/executed order whichever is lower
Currency Options₹ 20/executed order
Commodity Futures0.03% or Rs. 20/executed order whichever is lower
Commodity Options₹ 20/executed order
Fees
Fees

Trading Platform

Trading PlatformSupported Available Devices Suitable for
Mobile App✔iOS, Android/
Web Trader✔Web Browser, Windows, MacOs/
MT4❌/Beginners
MT5❌/Experienced traders
Trading Platform
Trading Platform

User Reviews

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User comment

2

Comments

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陈婷
more than one year
Basan is a good trading platform. There are a lot of stocks here, so you can work with them freely both on technical analysis and during quarterly reports. This is really the right thing to do and it opens up a lot of opportunities for everyone, so don't lose those opportunities - try it out - it can really help.
Basan is a good trading platform. There are a lot of stocks here, so you can work with them freely both on technical analysis and during quarterly reports. This is really the right thing to do and it opens up a lot of opportunities for everyone, so don't lose those opportunities - try it out - it can really help.
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2023-03-14 15:09
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FX1285170292
more than one year
One of my friend mentioned this newly established company. Coincidently, an agent contacted me to experience products on this platform. I feel quite interested in its products provided and trading platform. However, I need to do a research to see if investing with this company is safe or not.
One of my friend mentioned this newly established company. Coincidently, an agent contacted me to experience products on this platform. I feel quite interested in its products provided and trading platform. However, I need to do a research to see if investing with this company is safe or not.
Translate to English
2023-02-24 14:30
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