Anush foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website http://www.anushshares.com/Anush.aspx, about the company's legal and temporary regulatory information, the company's address NO.247 (OLD NO:119), R K MUTT ROAD, R.A PURAM, CHENNAI 600028.
Anush broker review
Anush Shares and Securities Pvt Ltd, commonly referred to as anush broker, was established in 1992. The company is headquartered in Chennai, India, specifically at No. 247 (Old No: 119), R.K. Mutt Road, R.A. Puram, Chennai - 600028. Anush operates as a private company, focusing primarily on the Indian market, which includes a diverse clientele ranging from retail investors to institutional clients.
Over the years, anush broker has evolved significantly in the financial services sector, marking several milestones in its journey. Initially starting as a small brokerage firm, it has expanded its operations to include various financial products and services such as retail broking, institutional broking, and commodity trading. The company has established a strong reputation in the South Indian market, operating through a network of branches across Tamil Nadu and beyond.
Anush broker primarily engages in retail forex trading, offering its clients access to a wide array of financial instruments. The firm has also ventured into investment banking and private equity services, catering to high-net-worth individuals and corporate clients. This diversification has allowed anush broker to maintain a competitive edge in the rapidly changing financial landscape.
Anush broker operates in a regulatory environment that is currently characterized as unregulated. The lack of proper regulation poses potential risks for clients, as there are no established regulatory bodies overseeing its operations. As of now, anush broker does not hold licenses from major financial regulatory authorities, which raises concerns regarding investor protection and compliance with industry standards.
The absence of a regulatory framework means that anush broker does not have a regulatory number or license validity to present. Consequently, clients should exercise caution and conduct thorough due diligence before engaging with this broker. Notably, client funds are not insured, which further emphasizes the need for potential clients to consider the risks involved.
The company claims to adhere to basic Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, although detailed information on these processes is not readily available. This lack of transparency may be a significant factor for traders considering opening accounts with anush broker.
Anush broker provides access to a variety of trading products, including:
The frequency of product updates and the introduction of new trading instruments remain unspecified, which may affect traders looking for a dynamic trading environment. Furthermore, anush broker does not currently offer any white label solutions or asset management services.
Anush broker does not support MetaTrader 4 (MT4) or MetaTrader 5 (MT5), which are popular trading platforms among forex traders. Instead, the broker may offer a proprietary trading platform; however, details about this platform are not explicitly provided in the available information.
The broker's technological infrastructure is crucial for its operations, but specifics regarding server locations and execution models, such as whether it operates on an ECN, STP, or Market Making basis, are not disclosed. Additionally, the availability of mobile applications for trading on iOS and Android platforms is not mentioned.
While anush broker may provide some level of API access for automated trading, comprehensive details regarding these features are lacking, which could be a concern for algorithmic traders.
Anush broker offers various account types, although detailed conditions for each account type are not fully outlined. General conditions include:
The leverage offered by anush broker varies by product, but exact ratios are not disclosed. Furthermore, the minimum trade size and overnight fees remain unspecified, which could impact traders' decision-making processes.
Anush broker supports several deposit methods, including:
The minimum deposit requirements vary by account type, but specific amounts are not detailed. Additionally, the processing times for deposits are not mentioned, which could affect clients' ability to fund their accounts promptly.
Deposit fees, if any, are not explicitly stated in the available information, which may lead to unexpected costs for clients. Withdrawal methods and any associated limitations are also not provided, leaving potential clients with unanswered questions about the withdrawal process.
The time taken for withdrawal processing is crucial for traders, yet specific timelines are not disclosed. Furthermore, the fee structure for withdrawals remains unclear, which may deter clients from engaging with anush broker.
Anush broker offers customer support through various channels, including:
However, the specific service hours and time zone coverage are not detailed, which may affect international clients' ability to receive timely assistance. The availability of multilingual support is also not mentioned.
In terms of educational resources, anush broker may provide various materials, but specific types such as webinars, tutorials, and e-books are not detailed. Furthermore, market analysis services, including daily analyses, news updates, and research reports, are not explicitly mentioned, which could limit traders' access to valuable information.
The provision of trading tools, such as calculators and calendars, is also not specified, which may affect traders' ability to make informed decisions.
Anush broker primarily services the Indian market, with a focus on clients located within the country. The broker operates through its main office in Chennai, with additional branches likely distributed throughout Tamil Nadu.
However, specific details regarding the presence of regional offices or the exact locations of branches are not provided. Furthermore, the broker does not accept clients from certain countries, although the list of restricted jurisdictions is not disclosed.
Any special restrictions on trading or account opening remain unspecified, which may pose challenges for potential clients seeking clarity on where they can trade with anush broker.
In conclusion, while anush broker presents a range of trading opportunities, potential clients should carefully consider the lack of regulation, transparency, and comprehensive information before engaging with the firm.