List of Complained Brokers in India

How do you choose a broker？ Based on its regulatory status, valid license, good rating, customer feedback, and so on. Right？ Apart from all this another important factor we consider is How many complaints are filed against a particular broker. Therefore, in this article, we are telling you about the most complained Brokers in India in the last month. Here is the list. Have a look and Be Safe.

Arena Capitals, established in 2021 and headquartered in Saint Vincent and the Grenadines, is an unregulated financial services company offering a range of services. The company specializes in asset management, investment advisory services, and options and futures trading. Arena Capitals requires a minimum deposit of $5,000 for clients to access their services. Commissions on trades can vary from 0% to 15%, depending on the specific exchanges involved. Clients have access to popular trading platforms like Meta Trader 4 and Meta Trader 5, and a demo account is available for practice. Customer support can be reached via phone at +44 20 39960970 or by emailing contact@arenacapitals.com.

EZInvest, launched in 2013, is an online trading broker specializing in forex, commodities, and indices. It serves the needs of both retail and corporate traders. With its headquarters in Nicosia, Cyprus, EZInvest provides a wide range of trading instruments and various live trading accounts, each with unique features and minimum deposit requirements. It is regulated by reputable authorities, has been in operation for several years, and has received positive reviews from many customers. Based on the information available, EZINVEST appears to be a reliable and trustworthy broker.

Tickmill, the trading name of Tickmill Group of companies, is a regulated global forex and CFD brokerage company established in 2014, headquartered in London, UK. Tickmill offers trading in forex, stock indices, stocks & ETFs, bonds, commodities, cryptos, futures & options, and provides clients with a choice of three trading accounts, which are the Classic account, the Pro account, and the VIP account. Tickmill also offers MetaTrader4/5 and proprietary mobile app platforms for trading, as well as a range of trading tools and educational resources.

AdmiralTraders, an international brokerage headquartered in the United Kingdom, provides a diverse range of financial instruments, encompassing Forex, Indices, CFDs, Metals and Energies, Cryptocurrency, Futures, and Shares. However, its noteworthy that the broker is currently operating with no valid regulation from any recognized regulatory bodies.

EnticeCapital is a UK-based trading company that operates without regulatory authorization, potentially posing risks to clients. They offer various account types with varying minimum deposits, high leverage up to 1:500, and spreads ranging from 0.8 pips to 1.8 pips on different accounts. The trading platform used is MetaTrader, and they provide access to Forex, Indices, Commodities, Stock CFDs, ETF CFDs, and Cryptocurrencies. However, the lack of regulation raises concerns about the safety of funds and reliability. Their educational resources are limited, and customer support is available via email and chat during specific hours. EnticeCapital accepts cryptocurrency payments.

IUX Markets is an STP forex broker providing access to a massive financial market including forex, commodities, indices, shares, and cryptocurrencies. With the IUX Markets MT5 platform, three live trading accounts are available, with the lowest required opening deposit being just $10, and traders can employ a maximum leverage of 1:3000 on their positions. However, when it comes to regulatory information, IUX Markets disappoints us as it is not authorized or regulated by any regulatory authority.

Pemaxx hypes that it provides a world-class MT5 trading platform. Although this may be a favorable offering, clients should be aware that this is an unregulated broker, and trading with it is taking a huge risk of losing your money. Registered in the United Kingdom, Pemaxx presents itself as an online trading platform providing a large financial market including Forex, Futures, Stocks, Indices, Crypto, and Commodities, with a leverage of up to 1:500.

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