Search

For more information about SAFAL Forex Broker company profile, come to WikiBit!

Rating Index

Pros

Offers a range of financial instruments including forex, CFDs, commodities, and indices.
Competitive brokerage charges, particularly for equity delivery and intraday trading.
User-friendly trading platforms with mobile app support for convenient trading.

Cons

Not properly regulated, which raises concerns about safety and reliability.
Lacks the popular MetaTrader 4 and MetaTrader 5 platforms, limiting trading options.
Limited customer support options, with no 24/7 assistance or chat support available.

SAFAL Company

Safal Company: A Comprehensive Overview

1. Company Overview

Founding Date and Background

Safal Company, officially known as Safal Capital (India) Limited, was founded in 2000 by Shruti Jain. The firm was established with the goal of providing cost-effective trading solutions to investors in the Indian stock market, positioning itself as a full-service broker with a focus on extensive investment advice and detailed stock analysis.

Parent Company/Ownership Structure

Safal Capital operates as a public company. It is primarily owned by its shareholders and is accountable to regulatory bodies that oversee public companies in India.

Headquarters Location

The company is headquartered in Indore, Madhya Pradesh, India. This strategic location allows Safal Capital to cater to a diverse clientele across the region.

Global Business Scope

While Safal Capital primarily focuses on the Indian market, it offers services that allow investors to trade in various asset classes, including equities, commodities, and currencies. The firm does not currently operate on a global scale, focusing instead on the domestic market.

Main Regulatory Bodies

Safal Capital is regulated by several key authorities in India, including:

  • Securities and Exchange Board of India (SEBI)
  • National Stock Exchange (NSE)
  • Bombay Stock Exchange (BSE)
  • Central Depository Services Limited (CDSL)
  • National Securities Depository Limited (NSDL)

2. Company History and Development

Key Milestones

Since its inception in 2000, Safal Capital has achieved several key milestones:

  • 2000: Founding of Safal Capital.
  • 2009: Expansion of services to include margin funding and a wider range of investment products.
  • 2015: Launch of a mobile trading application to enhance user experience.
  • 2020: Introduction of robo-advisory services, allowing for automated investment strategies based on client profiles.

Business Expansion Journey

Safal Capital has steadily expanded its service offerings to include not only stock trading but also commodities and currency trading. The firm has also developed various subscription plans that cater to different investor needs, enhancing its market presence.

Customer Base Growth

The company has seen consistent growth in its customer base, attributed to its competitive pricing and comprehensive advisory services. As of the latest reports, Safal Capital serves a growing number of retail investors in India, with an emphasis on customer satisfaction.

Platform Development History

Safal Capital has invested in technology to improve its trading platforms. The introduction of a mobile app and a web-based trading platform has made trading more accessible for its clients. The platforms are designed to be user-friendly and offer real-time data and advanced charting tools.

Important Awards or Recognitions Received

While specific awards may not be widely publicized, Safal Capital has been recognized within the industry for its customer service and competitive pricing structure.

3. Trading Services Offered

Forex Trading Options

Safal Capital offers currency trading services, allowing clients to trade in various currency pairs. The firm provides access to several major and minor currency pairs, enhancing its forex trading options.

Stock Trading Options

The company provides a comprehensive range of stock trading options, including:

  • Equity Delivery: No brokerage charges for holding stocks.
  • Equity Intraday: A flat rate of 0.03% per order.
  • Equity Futures: Charged at 0.03% per order.
  • Equity Options: Rs. 28 per lot per order.

CFD Trading Products

As of now, Safal Capital does not explicitly offer Contracts for Difference (CFDs) but focuses primarily on equity, commodities, and currency trading.

Other Financial Instruments

In addition to stocks and currencies, Safal Capital provides services in commodities trading, allowing clients to trade in various commodities such as gold and silver. The firm also offers investment options in mutual funds and insurance products.

Special Services or Unique Advantages

Safal Capital distinguishes itself through:

  • Robo-Advisory Services: Automated investment strategies based on individual risk profiles.
  • Extensive Research and Advisory Services: Providing clients with investment ideas and portfolio analysis tools.
  • User-Friendly Trading Platforms: Offering a mobile app and web-based trading solutions that cater to diverse trading needs.

Detailed Regulatory Information

Safal Capital is subject to the regulations set forth by:

  • Securities and Exchange Board of India (SEBI): The primary regulatory authority for securities markets in India.
  • National Stock Exchange (NSE) and Bombay Stock Exchange (BSE): The exchanges on which Safal Capital executes trades.
  • CDSL and NSDL: The depositories that Safal Capital is associated with for dematerialization services.

As a public company, Safal Capital is incorporated under the Companies Act of India. Its legal entity operates within the jurisdiction of Indian laws and regulations.

Client Fund Protection Measures

Safal Capital adheres to stringent regulatory requirements to ensure client fund protection. This includes maintaining segregated accounts for client funds and complying with the necessary capital adequacy norms set by regulatory bodies.

Countries/Regions Served

Primarily, Safal Capital serves clients within India. The firm does not currently extend its services internationally.

Compliance History

Safal Capital maintains a good compliance record with no significant regulatory issues reported. The firm has efficiently resolved customer complaints, with a high percentage of resolved cases.

5. Competitive Landscape

3-5 Main Competitors

Safal Capital competes with several key players in the Indian brokerage industry, including:

  • Zerodha: A leading discount broker known for its low-cost trading solutions.
  • ICICI Direct: A full-service broker offering extensive financial products and services.
  • HDFC Securities: Another established player in the full-service brokerage space.
  • Sharekhan: A well-known broker providing a range of investment services.

Positioning in the Industry

Safal Capital positions itself as a full-service broker with competitive pricing and a focus on customer support and advisory services. It aims to attract retail investors looking for comprehensive trading solutions.

Market Differentiation Factors

Key differentiators for Safal Capital include:

  • No Brokerage on Equity Delivery Trades: This attracts long-term investors.
  • Comprehensive Research and Advisory Services: Providing clients with valuable insights and strategies.
  • User-Friendly Platforms: Enhancing the trading experience through technology.

Conclusion

In summary, Safal Capital has established itself as a prominent player in the Indian brokerage landscape, offering a wide range of trading services and a commitment to customer satisfaction. Its competitive pricing, robust trading platforms, and extensive advisory services make it a viable option for both new and experienced investors.

Back to Top

For more information about Safal Capital and its offerings, please learn more.