Basan
Abstract：Basan is an India-based broker founded in 1996, which is unregulated. It offers a diverse range of market instruments, for instance: Forex, Commodities, Derivatives, Equities, Mutual Funds, IPO.
| Basan Review Summary | |
| Founded | 1996 |
| Registered Country/Region | India |
| Regulation | No regulation |
| Market Instruments | Forex, Commodities, Derivatives, Equities, Mutual Funds, IPO |
| Demo Account | / |
| Leverage | / |
| Spread | / |
| Trading Platform | Mobile APP, WebTrader |
| Minimum Deposit | / |
| Customer Support | Contact Form |
| Email: helpdesk@basanonline.com | |
| Tel: +91 9861645000 / (040) 61645000 | |
| Social media: Facebook, LinkedIn, X, Instagram | |
| Address: 3-6-196/197, 2nd Floor, Prime Plaza, Above WoodLand, Himayatnagar, Hyderabad - 500029 | |
Basan Information
Basan is an India-based broker founded in 1996, which is unregulated. It offers a diverse range of market instruments, for instance: Forex, Commodities, Derivatives, Equities, Mutual Funds, IPO.
Pros and Cons
| Pros | Cons |
| Various trading asests | Unregulated |
| Multiple contact channels | Limited info on trading conditions |
| Free account opening | MT4, MT5 not supported |
| Long operational history |
Is Basan Legit?
Basan are unregulated. Please be aware of the risk!
What Can I Trade on Basan?
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Derivatives | ✔ |
| Equities | ✔ |
| Mutual Funds | ✔ |
| IPO | ✔ |
| Stocks | ❌ |
| Indices | ❌ |
| Cryptocurrencies | ❌ |
Fees
Basan does not charge any fees for account opening, equity brokerage, and mutual funds trading, but it charges certain amounts of fees for currency and commodity trading.
| Products | Brokerage Fees |
| Currency Futures | 0.03% or ₹ 20/executed order whichever is lower |
| Currency Options | ₹ 20/executed order |
| Commodity Futures | 0.03% or Rs. 20/executed order whichever is lower |
| Commodity Options | ₹ 20/executed order |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| Mobile App | ✔ | iOS, Android | / |
| Web Trader | ✔ | Web Browser, Windows, MacOs | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
WikiFX Broker
Latest News
USD/JPY Forecast: Retreats from one-month high but dip-buying eyed
WikiFXAustralian Dollar holds firm amid hawkish Fed and RBA expectations
WikiFXEuro: Limited downside, range defined against US Dollar – Scotiabank
WikiFXEuro strengthens against Canadian Dollar ahead of Germanys HICP data
WikiFXJapanese Yen: BoJ normalization expectations and contained moves – BNY
WikiFXNew Zealand Dollar steady above 0.5900 as traders eye RBNZ, Fed
WikiFXForex Today: Attention shifts to US ISM, JOLTs and inflation in Europe
WikiFXJapanese Yen: Supported below 160 against US Dollar – Scotiabank
WikiFXUKMTO reports tanker struck by three projectiles during outbound transit of Strait of Hormuz
WikiFXLove Scam Cost RM260,000 Debt and Family Tragedy of 4 Deaths
WikiFXRate Calc
USD
CNY
Current Rate: 0
Amount
USD
Available
CNY
Calculate