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Not Regulated
Score
1.58 /10
Danger
RIKHAV
5-10 yearsQuestionable Regulatory License
Suspicious Operational Region
High Potential Risk
Influence
C
Add brokers
Comparison
Expose
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index7.50
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
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Warning: Low score, please stay away!
2
Previous Detection :
2026-05-27
- This broker lacks valid forex regulation. Please be aware of the risk!
- Current data indicates that this broker does not have trading software. Please be aware of the risk.
WikiFX Verification
| RIKHAV Review Summary | |
| Founded | 2006 |
| Registered Country/Region | India |
| Regulation | No regulation |
| Products & Services | Equity Derivatives, Equity Segment, IPO's, Commodity Derivatives, Depository Participant |
| Demo Account | / |
| Leverage | / |
| Spread | / |
| Trading Platform | BEST |
| Minimum Deposit | / |
| Customer Support | Phone: 9920409477 |
| Email: info@rikhav.net | |
| Social Media: Facebook, YouTube, Google + | |
| Address: B Wing, Office No. 501 & 502, O2 Commercial Building, Asha Nagar Park Road, Asha Nagar, Mulund West, Mumbai – 400080 | |
RIKHAV Information
RIKHAV Securities Ltd, formerly known as Brijmohan Sagarmal Finance Ltd, provides financial services to high - net - worth individuals (HNIs) and retail clients. It offers clients transaction services and financial planning support. RIKHAV Securities Ltd is suitable for investors with certain experience to participate in equities, derivatives, and IPO investments.
Pros and Cons
| Pros | Cons |
| Multiple trading tools | No regulation |
| IPO experience | No specific information on fee structures |
| Various products and services | |
| Long operational history in India |
Is RIKHAV Legit?
RIKHAV is not regulated, even though it claims to be a CDSL depository participant, holding a SEBI registration number (IN-DP-CDSL-417-2007).
Products & Services
| Products & Services | Supported |
| Equity Derivatives | ✔ |
| Equity Segment | ✔ |
| IPOs | ✔ |
| Commodity Derivatives | ✔ |
| Depository Participant | ✔ |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| BSET | ✔ | PC, web, mobile | / |
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