Intellect Money Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-09-30 19:00

Abstract：　Intellect Money, a Kolkata-based financial services business with over a decade of expertise, provides a diverse range of financial products like as stocks, commodities, IPOs, and insurance. While they have competence in asset management and good business relationships, one significant disadvantage is a lack of regulatory information on the website.

Company Name	Intellect Money
Registered Country/Area	India
Founded Year	Information not available (Established over a decade ago)
Regulation	Not regulated
Market Instruments	Stocks, Commodities, IPOs, Insurance, Forex, Energies, Futures, Depository, Institutional Broking, NRI Services (for Non-Resident Indians)
Account Types	NSE, BSE, MCX
Demo Account	None
Customer Support	Phone: +91 22 49766890 (6 Lines); +91 33 4052 9200, Email: intellect@intellectmoney.com, info@intellectmoney.com, Fax: +91 33 4052 9224, Social Media: Telegram, YouTube
Deposit & Withdrawal	Depository account for electronic stock holding, Multiple designated USCNBAs for deposits and withdrawals

Intellect Money Information

　　Intellect Money, a Kolkata-based financial services business with over a decade of expertise, provides a diverse range of financial products like as stocks, commodities, IPOs, and insurance. While they have competence in asset management and good business relationships, one significant disadvantage is a lack of regulatory information on the website.

Pros and Cons

Pros	Cons
Offers a diverse portfolio including stocks, commodities, IPOs, and insurance	Lack of regulation
Has a decade of experience in wealth management and advisory services	Customer Service primarily relies on phone, email, and fax, with no live chat or contact form
Provides tailored financial solutions to meet individual and corporate needs	Website and customer service are available only in English

Is Intellect Money Legit?

　　The registered address of Intellect Money is 232, Chittaranjan Avenue, 7th Floor, Girish Park Crossing, Kolkata – 700006 with registration number CIN U67120WB2005PLC106891.

　　However, its regulatory information can't been found on the website, and it has not been regulated by other well-known regulatory authorities such as the Financial Conduct Authority (FCA) in the UK or the Australian Securities and Investments Commission (ASIC).

What Can I Trade on Intellect Money?

　　Intellect Money is a financial company that provides diversified financial products, covering stocks, derivatives, mutual funds, IPOs, insurance,structured products, depository, institutional broking, commodity trading, forex trading and NRIzone services specifically designed for Non-Resident Indians.

Tradable Instruments	Supported
Forex	✔
Indices	❌
Shares	✔
Commodities	✔
Crypto	❌
Energies	✔
Futures	✔
Depository	✔
Institutional Broking	✔
IPOs	✔
Insurance	✔

Account Type

　　Intellect Money accounts are primarily used for stock and commodity trading and are categorized into three segments: NSE, BSE, and MCX. Each segment has multiple designated Upstreaming Client Nodal Bank Accounts (USCNBAs) for investors to utilize.

Deposit and Withdrawal

　　Intellect Money provides a convenient and safe depository solution that allows investors to retain stocks electronically, thereby removing the hazards and delays associated with paper certificates. Investors can trade, pledge, transfer, and inquire about their assets using Intellect's depository account, which provides rapid and dependable service.

Customer Service

　　Intellect Money provides customer supportcare via phone calls to two landlines in India, email to two addresses, and fax number. They do not offer live chat or a contact form on their site.

　　They have accounts on social media platforms such as Telegram and YouTube. Their website and customer assistance are only available in English. In-person help is available at the company headquarters in Mumbai and Kolkata.

Contact Options	Details
Phone	+91 22 49766890 (6 Lines); +91 33 4052 9200
Email	intellect@intellectmoney.com, info@intellectmoney.com
Fax	+91 33 4052 9224
Online Chat	None
Social Media	Telegram: https://t.me/joinchat/ULPoHqhaJrHMs2zy;YouTube: https://www.youtube.com/channel/UCfIh2AKI9ghFNp57bRfNS-w;Facebook; Instagram
Supported Language	English
Website Language	English
Physical Address	905, Crescent Royal, Off New Link Road, Near Maurya Landmark, Andheri (West), Mumbai-400053 (Corporate Office);232, Chittaranjan Avenue 7TH Floor Kolkata 700006 (Kolkata Office)
Contact Form	None

The Bottom Line

　　Intellect Money offers a variety of financial products and wealth management services, but lacks regulation. Customer service primarily relies on phone, email, and fax, with no live chat or contact form. And its website and customer service are available only in English.

FAQs

　　Is Intellect Money suitable for all types of investors?

　　Because of the absence of regulation and limited customer support alternatives, it may be better suited for experienced investors who are familiar with the Indian financial sector.

　　Is Intellect Money a safe broker?

　　While Intellect Money is a registered company in India, information about its regulatory status can't be found on the website, using it carries some risk.

　　Is Intellect Money good for day trading?

　　Intellect Money is not the best option for day trading. They do not provide immediate service to customers, and intraday traders typically require immediate assistance.