Basan

WikiFX | 2025-07-15 19:10

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