BgSE Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-04 18:35

Abstract：BgSE Financials Limited is a Company jointly promoted by Bangalore Stock Exchange Limited and its Trading members, was incorporated in the year 1999 and has been taken over by new promoters in 2016. It allows its traders to trade equities on NSE/BSE in real time via the Internet. Other product and service offering include commodity derivatives, mutual funds and IPOs. It has branch offices in 15 India cities to cover a wide range of investors.

BgSE Review Summary
Founded	1999
Registered Country/Region	India
Regulation	No regulation
Market Instruments	Equity, derivatives, IPO, mutual fund
Trading Platform	SmaartTrade Patch, Rupeeseed Trading Software, DNS Flush, etc.
Customer Support	Live chat; contact form; social platform: Facebook, LinkedIn, YouTube, Instagram, Twitter
	Email: bfsl@bfsl.co.in; enquiry@bfsl.co.in; cs@bfsl.co.in
	Registered address: No.51, “Stock Exchange Towers”, 1st Cross, J.C.Road, Bangalore - 560 027, Karnataka
	Phone: 080-66673333, 080-41575234/35
	More details of branched can be found at https://www.bfsl.co.in/contact-us

BgSE Information

　　BgSE Financials Limited is a Company jointly promoted by Bangalore Stock Exchange Limited and its Trading members, was incorporated in the year 1999 and has been taken over by new promoters in 2016. It allows its traders to trade equities on NSE/BSE in real time via the Internet. Other product and service offering include commodity derivatives, mutual funds and IPOs. It has branch offices in 15 India cities to cover a wide range of investors.

Pros and Cons

Pros	Cons
Various trading products	No regulation
Multiple contact channels	Limited info on trading conditions

Is BgSE Legit?

　　Regulation is a crucial aspect of evaluating the legitimacy and reliability of a brokerage firm, and in the case of BgSE, the broker operates without any valid regulatory oversight. The absence of a regulatory framework raises significant concerns regarding the broker's adherence to industry standards, financial transparency, and the protection of client interests.

What Can I Trade on BgSE?

　　BgSE is an India-based financial firm who mainly offers investment services to local clients. Their services mainly include in four categories:

Equity Trading: Traders can enjoy real time trading on the NSE and BSE, with online and mobile options for easy access.
Derivatives: You are allowed to engage in trading in Futures and Options (F&O) to manage risk and leverage investment opportunities.
IPO Services: Participating in Initial Public Offerings (IPOs) to access new market opportunities is another investment choice from BgSE.
Mutual Funds: Invest in mutual funds through the BSE StAR MF platform for diversified portfolio options.

Tradable Instruments	Supported
Forex	❌
Commodities	✔
Indices	❌
Cryptocurrencies	❌
Shares	✔
ETFs	❌
Bonds	❌
Mutual Funds	✔

Trading Platform

　　BgSE offers serveral trading platforms for traders to execute trades efficiently such as SmaartTrade Patch, Rupeeseed Trading Software, DNS Flush, etc.

　　More software and user guides can be found and downloaded from the page: https://www.bfsl.co.in/rta#Four4

Deposit & Withdrawal

　　BgSE enables payment through two main methods: DP - Bills Payment with minimum transfer amount at Rs. 100 and the Indian local online payment through Razorpay.