PARASRAM Company

Parasram Forex Broker - Comprehensive Information Guide

1. Broker Overview

Parasram Holdings, established in 1995, is a prominent financial services provider headquartered in New Delhi, India. As a private company, it operates as a full-service broker, catering to a diverse clientele that includes retail investors, high-net-worth individuals, and institutional clients. With a strong presence in the Indian financial market, Parasram has expanded its reach to over 32,000 active clients and operates across 350 locations in more than 160 cities.

The company has consistently evolved since its inception, adapting to the dynamic landscape of financial services. Key milestones in its journey include its establishment as a member of various stock exchanges and its expansion into different segments, including equity, derivatives, and commodities trading. The firm is part of the Parasram Group, which has been recognized for its commitment to providing quality financial services.

Parasram operates primarily in the retail forex market, offering a range of trading services that include equities, commodities, and currency trading. This diverse business model allows the broker to cater to various trading needs, making it a notable player in the Indian brokerage industry.

Parasram broker is committed to delivering a comprehensive trading experience, combining advanced technology with personalized customer service to enhance the trading journey for its clients.

2. Regulatory and Compliance Information

Parasram Holdings operates under the regulatory framework established by the Securities and Exchange Board of India (SEBI), which oversees the Indian securities market. The company's registration number with SEBI is INZ000033839, ensuring compliance with the necessary regulations for trading in cash, derivatives, and currency segments.

Despite its solid reputation, it is crucial to note that Parasram is not regulated by any specific international regulatory authority, which raises concerns regarding investor protection. The company adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) policies, ensuring that client identities are verified and monitored to prevent fraudulent activities.

Client funds are maintained in segregated accounts, providing an additional layer of security. However, the absence of participation in an investor compensation fund may pose risks in the event of financial discrepancies.

Parasram broker emphasizes transparency in its operations, making it essential for potential clients to understand the regulatory landscape before engaging in trading activities.

3. Trading Products and Services

Parasram offers a wide array of trading products, including:

• Forex Trading: The broker provides access to a variety of currency pairs, allowing clients to trade major, minor, and exotic currencies.
• Contracts for Difference (CFDs): Clients can trade CFDs on indices, commodities, stocks, and cryptocurrencies, providing exposure to different asset classes without owning the underlying assets.
• Equity Trading: The firm facilitates trading in equity markets, enabling clients to buy and sell shares of listed companies.
• Derivatives Trading: This includes trading in futures and options across various asset classes, allowing for hedging and speculative strategies.

The diversity of products enables clients to create a well-rounded investment portfolio. Parasram is known for regularly updating its product offerings to align with market trends and client demands.

Parasram broker also provides retail trading services, ensuring that individual investors have access to necessary tools and resources to trade effectively. The firm caters to institutional clients with tailored services, enhancing its appeal across different market segments.

4. Trading Platforms and Technology

Parasram offers multiple trading platforms designed to meet the varying needs of its clients:

• MetaTrader 4/5 Support: The broker supports MetaTrader 4, a widely used platform among forex traders, known for its user-friendly interface and robust analytical tools.
• Proprietary Trading Platform: Parasram has developed its own web-based trading platform that offers real-time data, advanced charting tools, and a seamless trading experience.
• Mobile Application: Clients can trade on the go using the Parasram mobile app, available for both iOS and Android devices, providing access to market data and trading functionalities.

The execution model employed by Parasram includes ECN and STP, ensuring fast and efficient trade execution. The broker maintains its servers in secure locations to enhance performance and reliability.

Additionally, Parasram supports API access for automated trading, enabling clients to implement algorithmic trading strategies. The technological infrastructure is designed to provide a robust trading environment, facilitating smooth operations for all types of traders.

Parasram broker is dedicated to leveraging technology to enhance the trading experience, ensuring that clients have access to the tools they need to succeed in the financial markets.

5. Account Types and Trading Conditions

Parasram offers various account types to cater to different trading preferences:

• Standard Account: This account type typically requires a minimum deposit of ₹10,000, offering competitive spreads and commissions tailored for retail traders.
• Advanced Accounts: For professional traders, Parasram provides VIP accounts with enhanced features, including lower spreads and higher leverage options.
• Islamic Accounts: These accounts comply with Sharia law, offering swap-free trading conditions for clients who require them.
• Demo Account: A demo account is available for new traders to practice their strategies without risking real money.

The leverage ratios vary across different products, with forex trading typically offering leverage of up to 1:5. The minimum trade size is generally set at 1 lot, with overnight fees applicable based on the positions held.

Parasram broker ensures that its trading conditions are competitive, providing clients with the flexibility they need to manage their trading strategies effectively.

6. Fund Management

Parasram supports a variety of funding methods to facilitate seamless transactions:

• Deposit Methods: Clients can deposit funds using bank transfers, credit cards, and electronic wallets, ensuring convenience and flexibility.
• Minimum Deposit Requirements: The minimum deposit varies by account type, generally starting from ₹10,000 for standard accounts.
• Deposit Processing Time: Deposits are typically processed within 24 hours, allowing clients to begin trading promptly.
• Withdrawal Methods: Clients can withdraw funds via bank transfer, with processing times usually ranging from 2 to 5 business days.
• Withdrawal Fees: Parasram maintains a transparent fee structure, with withdrawal fees applicable based on the method used.

The broker emphasizes the importance of secure and efficient fund management, ensuring that clients' funds are handled responsibly.

Parasram broker is committed to providing a hassle-free funding experience, allowing clients to focus on their trading activities without unnecessary delays.

7. Customer Support and Educational Resources

Parasram offers comprehensive customer support through various channels:

• Support Channels: Clients can reach the support team via phone, email, and WhatsApp, ensuring prompt assistance for any inquiries.
• Service Hours: Customer support is available during business hours, catering to the needs of clients across different time zones.
• Multilingual Support: The broker provides support in multiple languages, enhancing accessibility for a diverse client base.
• Educational Resources: Parasram offers a range of educational materials, including webinars, tutorials, and e-books, to help clients improve their trading skills.
• Market Analysis Services: Clients receive daily market analysis, news updates, and research reports to stay informed about market trends.
• Trading Tools: The broker provides various tools, including calculators and calendars, to assist clients in making informed trading decisions.

Parasram broker prioritizes customer education and support, equipping clients with the necessary knowledge to navigate the financial markets effectively.

8. Regional Coverage and Restrictions

Parasram operates primarily in the Indian market, serving clients across the country. The broker has established a significant presence with numerous regional offices, ensuring that clients have access to local support.

• Key Markets: The primary service markets include urban and semi-urban areas across India, focusing on retail and institutional clients.
• Regional Offices: Parasram has over 350 branches nationwide, providing localized services and support.
• Client Restrictions: Certain countries may have restrictions on opening accounts with Parasram, including jurisdictions with stringent financial regulations.
• Special Limitations: The broker adheres to compliance guidelines, ensuring that it does not accept clients from regions where it is not authorized to operate.

In conclusion, Parasram broker stands out as a reputable financial services provider in India, offering a diverse range of trading products and services. By leveraging advanced technology and maintaining a strong commitment to customer support, Parasram continues to evolve in the competitive brokerage landscape, catering to the needs of both retail and institutional clients.