Home -
Nirmal Bang -

Score

1.53 /10
Danger

Nirmal Bang

India

5-10 years

Suspicious Regulatory License

Global Business

High potential risk

https://www.nirmalbang.com

Influence

A

Add brokers

Comparison

Expose

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.18

Risk Management Index0.00

Software Index4.00

License Index0.00

Open Account
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

Check whenever you want

Download App for complete information

Warning: Low score, please stay away!
Previous Detection : 2025-02-04
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Nirmal Bang · Company summary
Nirmal Bang Review Summary
Founded2000
Registered Country/RegionIndia
RegulationUnregulated
Market InstrumentsEquity & Derivatives, Forex, Commodities, Institutional Broking, Depository Services, Loan Against Securities
Demo Account✅
Leverage/
SpreadEquity Intraday: 0.03%-0.05%; Delivery: 0.3%-0.5%
Trading PlatformProprietary Trading Software, Web-Based Trading Platform
Min Deposit₹0 for account creation; PMS accounts may require higher minimums
Customer Support- Email: support@nirmalbang.com
- Phone: +91-22-68207000 / +91-9082846200

Nirmal Bang Information

Providing a broad spectrum of financial services including stock, derivatives, FX, and commodities trading, Nirmal Bang is an India-based broker. Although it provides institutional broking and thorough portfolio management tools (PMS), traders run a possible risk from the absence of control.

Nirmal Bang Information

Pros and Cons

Pros Cons
Market instruments include stock, currency, and commoditiesUnregulated
Low brokerage rates for intraday and delivery tradingLimited information about trading platform features
No charges for deposits or withdrawalsHigh performance fees for portfolio management services (PMS)

Is Nirmal Bang Legit?

India-based Nirmal Bang is unregulated by financial authorities. Its operations are not regulated by the FCA or ASIC.

Is Nirmal Bang Legit?

Registered on January 20, 2000, the domain nirmalbang.com expires on January 20, 2029.

Is Nirmal Bang Legit?

What Can I Trade on Nirmal Bang?

Offering a wide spectrum of trading and investing solutions, Nirmal Bang meets different financial needs. These comprise institutional broking, commodities trading, forex trading, and stock and derivative trading.

Tradable Instruments Supported
Equity & Derivatives✔
Forex Trading✔
Commodity Trading✔
Institutional Broking✔
Depository Services✔
Loan Against Securities✔
What Can I Trade on Nirmal Bang?

Account Types

The platform primarily supports Demat and Broking Accounts for trading in equity, derivatives, commodities, and forex.

Account Types

Nirmal Bang Fees

Spreads & Brokerage

Charges vary based on account type and trading volume.

Equity intraday brokerage typically ranges from 0.03% to 0.05%.

Delivery brokerage ranges from 0.3% to 0.5%.

Management & Transaction Fees

Portfolio Management Services (PMS):

Management Fees: 2% annually on daily weighted average assets.

Performance Fee: Charged at 10% above the hurdle rate (typically 10% portfolio returns).

Example (Year 1 Hybrid Fee Illustration):

Total Charges: ₹1,78,106 (management + brokerage + performance fees).

Net Portfolio Return: 16.44% after all fees.

Example Breakdown of PMS Fees (Year 1 Illustration)

Fee ComponentAmount (₹)
Management Fees (2%)1,09,340
Brokerage & Transaction Costs5,500
Other Expenses27,500
Performance Fees (10% above Hurdle Rate)35,766
Total Fees1,78,106

Non-Trading Fees

Deposit Fee₹0No charges for deposits.
Withdrawal Fee₹0No charges for withdrawals.
Inactivity FeeNot SpecifiedApplicable for dormant accounts (if any).
Deposit Fee₹0No charges for deposits.

User Reviews

More

User comment

1

Comments

Write a review

ZJ.
more than one year
I really like Nirmal Bang because they have a very wide range of trading products, whether it is stocks, futures or forex, I can trade on their platform. In addition, the customer service staff is very professional, and whenever I encounter a problem, I can get their help and answer in time. I am very satisfied with choosing Nirmal Bang as my broker.
I really like Nirmal Bang because they have a very wide range of trading products, whether it is stocks, futures or forex, I can trade on their platform. In addition, the customer service staff is very professional, and whenever I encounter a problem, I can get their help and answer in time. I am very satisfied with choosing Nirmal Bang as my broker.
Translate to English
2023-03-27 12:16
Reply
0
0