Score

1.53 /10
Danger

Ganpati

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Score

Regulatory Index0.00

Business Index7.13

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

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Warning: Low score, please stay away!
Previous Detection : 2024-11-17
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Ganpati · Company summary
Ganpati Review Summary
Registered Country/AreaIndia
Founded Year1998
RegulationUnregulated
Market InstrumentsEquities, Commodities, Currency, Derivatives, Online Trading
Account Types/
Minimum Deposit/
Maximum LeverageUp to 1:5
Spreads/
Trading PlatformsMobile Trading Platforms
Customer Supportwecare@ganpationline.com
8829808007
Deposit & WithdrawalBank transfer

Note: Ganpati's official website: https://www.ganpationline.in/ is currently inaccessible normally.

Ganpati Information

Ganpati, founded in 1998 in India, offers a diverse range of trading assets, including equities, commodities, currencies, and derivatives, along with accessible mobile platforms and various funding options. However, it is unregulated.

Is Ganpati Legit?

Ganpatis domain, ganpati.com, was registered on March 15, 2003, and will expire on March 15, 2025. The broker is not listed under major international regulatory bodies such as the Financial Conduct Authority (FCA) or the Australian Securities and Investments Commission (ASIC). It is unregulated.

Is Ganpati Legit?
Is Ganpati Legit?

Pros and Cons

ProsCons
Wide range of trading assetsUnregulated
Leverage up to 1:5Lack information in fees
Accessible mobile trading platforms
Multiple bank options for fund transfer
ZERO account opening charges

What Can I Trade on Ganpati?

Ganpati offers a variety of financial products, including equities, commodities, currencies, and derivatives. Additionally, it provides depository services, COMTRACK, IPOs, mutual funds, and fixed deposits. However, the platform does not support indices trading.

Tradable InstrumentsSupported
Equities
Commodities
Currencies
Derivatives
Indices

Leverage

Ganpati offers leverage up to 1:5, allowing traders to pay a minimum upfront margin of 20% of the transaction value to participate in the cash market.

Trading Platform

Ganpati offers two mobile trading platforms: Mobi-Trade and Tab-Trade, which allow trading on smartphones and tablets. They are suitable for traders seeking flexibility and who prefer to manage their investments remotely through mobile devices.

Trading PlatformSupportedAvailable DevicesSuitable for
Mobi-TradeMobile and Desktop(Windows & macOS)traders seeking flexible investment management
Tab-TradeMobile and Desktop(Windows & macOS)
MT5Mobile and Desktop(Windows & macOS)Experienced Trader
MT4Mobile and Desktop(Windows & macOS)Beginner

Deposit & Withdrawal

Traders can fund their accounts through online bank transfers using any of the 21 banks listed on the trading portal. Additionally, they must register their bank accounts with Ganpati, ensuring that the accounts are in their name. They also have the option to add multiple bank accounts for increased flexibility.

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