English

CNB foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website http://cnbfinwiz.com/, about the company's legal and temporary regulatory information, the company's address 302-303, EMCA House, 23/23B, 3rd Floor, Ansari Rd, Dariya Ganj, Delhi, 110002.

CNB Forex Broker

Basic Information

Registered Region

India

Operating Period

Company Name

CNB Finwiz Private Limited

Abbreviation

CNB

Company employee

Customer Service Email Address

customerservices@cnbfinwiz.com

Contact Number

+9108860078514

Company Website

http://cnbfinwiz.com/

Company address

302-303, EMCA House, 23/23B, 3rd Floor, Ansari Rd, Dariya Ganj, Delhi, 110002

Keywords

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

Company profile

CNB Basic Information Company Name CNB Founded 2000 Headquarters India Regulations Unregulated Products and Services Algo Trading Services, Call & Trade Services, Online Ctcl Trading Platform ODIN, Personalized Service; Equity Delivery, Intra-day Trading, Derivatives Trading, Algo Trading Features Execution Services, Platform Infrastructure, Strategy Development, Software Development Customer Support Phone (09560058518), Email (customerservices@cnbfinwiz.com), Online Chat,or via email at Education Resources BSE Investor Education Materials Overview of CNB CNB Finwiz Private Limited is a specialized financial services provider focused on high-frequency and latency-sensitive trading strategies. With a robust infrastructure that includes advanced servers and low-latency network equipment, CNB offers execution services, strategy development, and personalized support to both individual and institutional traders. Despite its sophisticated offerings, the lack of regulatory oversight is a significant consideration for potential clients. Is CNB Legit？ CNB is not regulated. It is important to note that this broker does not have any valid regulation, which means it operates without oversight from recognized financial regulatory authorities. Traders should exercise caution and be aware of the associated risks when considering trading with an unregulated broker like CNB, as there may be limited avenues for dispute resolution, potential safety and security concerns regarding funds, and a lack of transparency in the broker's business practices. It is advisable for traders to thoroughly research and consider the regulatory status of a broker before engaging in trading activities to ensure a safer and more secure trading experience. Pros and Cons CNB Finwiz Private Limited excels in providing high-frequency and latency-sensitive trading services through advanced infrastructure and personalized support. Their suite of products and services, including algo trading and call & trade services, caters to both individual and institutional traders. However, the lack of regulation poses potential risks regarding fund security and dispute resolution, making it imperative for traders to exercise caution. Pros Cons Advanced infrastructure with low-latency network equipment Unregulated Comprehensive suite of trading services including algo trading Potential security concerns regarding funds Personalized service with dedicated relationship managers Limited avenues for dispute resolution Robust customer support through multiple channels Lack of transparency in business practices Products and Services CNB offers a comprehensive suite of trading services and financial products tailored to both individual and institutional traders: Services: - Algo Trading Services: Includes strategy coding and ready-to-use algo trading strategies. - Call & Trade Services: Enables clients to execute trades over the phone. - Online Ctcl Trading Platform ODIN: A robust platform for trading on NSE and BSE. - Personalized Service: Each client is supported by a Dedicated Relationship Manager. Products: - Equity Delivery: Allows clients to buy and hold shares. - Intra-day Trading: Facilitates the buying and selling of stocks within the same trading day. - Derivatives Trading: Offers trading in options and futures. - Algo Trading: Automated trading based on pre-defined algorithms and strategies. Features 1. Execution Services: Support for experienced algo traders with their own platforms and strategies. 2. Platform Infrastructure: Advanced co-location facilities, high-frequency servers, and low-latency network equipment. 3. Strategy Development: Incubation and API support for developing and deploying custom trading strategies. 4. Software Development: In-house team for designing and maintaining customized software solutions. How to Open an Account Physical Process for Opening the Account: 1. Visit Office or Download Form: - Visit the CNB office or download the form from the website www.cnbfinwiz.com. Steps to be Followed by the Client: 1. Fill the Form: - Complete the Client Opening Form with all required details. 2. Enclose Required Documents: - Attach the necessary documents as specified in the form. Steps to be Taken by CNB: 1. Form & Documents Verification: - The company will verify the form and the enclosed documents. 2. In-Person Verification (IPV): - CNB staff will conduct an in-person verification (IPV). 3. Client Copy Handover: - The client will receive a copy of the completed form for their records. 4. Account Opening Package: - After the account is opened, CNB will provide a Welcome Letter, Delivery Instruction Slip (DIS), and the Client Master to the client. This process ensures thorough verification and compliance, providing clients with all necessary documentation and support for their new trading account. Customer Support CNB provides a well-structured customer support system through various channels: Customer Support Details: - Registered Office: CNB Finwiz Pvt Ltd, 4282/3, Ansari Road, Daryaganj, New Delhi 110002 - Corporate Office: A-32, Sector-9, Analco Building, Noida, Uttar Pradesh-201 301 - Customer Care/Client Servicing: Handled by Ms. Komal, contactable at 09560058518 or via email at customerservices@cnbfinwiz.com, available Monday to Saturday from 9:00 AM to 6:30 PM. - Head of Customer Care & Client Servicing: Mr. Shyam Sunder, reachable at 08860078518 or grievance.ops@cnbfinwiz.com, operating hours as above. - Compliance Officer: Mr. Paras Sharma, contact details 08860078518 or cs@cnbfinwiz.com, with similar operating hours. - Chief Executive Officer (CEO): Mr. Naman Bagri, can be contacted at 09873752222 or grievance.md@cnbfinwiz.com. For unresolved issues or dissatisfaction with responses, CNB advises customers to escalate complaints to regulatory bodies such as SEBI, NSE, BSE, CDSL, and MCX through their respective online grievance systems, ensuring to include any Service Ticket or Complaint Reference Numbers in the communication. Educational Resources CNB provides valuable educational resources to help investors stay informed and updated about the securities market. They collaborate with the BSE Investor Education to offer a variety of educational materials, including texts and videos, available on the BSE Investor Protection Fund website. These resources aim to empower investors with knowledge, ensuring they make informed decisions. Access these materials at [BSE Investor Education] (https://www.bseipf.com/investors_education.html), promoting the belief that an educated investor is a protected investor. Conclusion CNB Finwiz Private Limited offers specialized trading services tailored for high-frequency and latency-sensitive strategies with a robust infrastructure and personalized support. Despite these advantages, the lack of regulatory oversight introduces significant risks related to fund security and dispute resolution. Traders should carefully consider these factors and conduct thorough research before engaging with CNB. FAQs Is CNB regulated？ No, CNB Finwiz Private Limited is not regulated by any recognized financial regulatory authority. What types of trading services does CNB offer？ CNB offers algo trading services, call & trade services, and an online CTCL trading platform (ODIN), along with equity delivery, intra-day trading, and derivatives trading. How can I open an account with CNB？ To open an account with CNB, visit their office or download the form from their website, fill it out, attach the required documents, and submit it for verification. CNB staff will conduct an in-person verification (IPV) before activating your account. What customer support options does CNB provide？ CNB provides customer support through phone, email, online chat, and physical office locations. Key contacts include Ms. Komal (Customer Care), Mr. Shyam Sunder (Head of Customer Care & Client Servicing), Mr. Paras Sharma (Compliance Officer), and Mr. Naman Bagri (CEO). What educational resources are available at CNB？ CNB collaborates with the BSE Investor Education to offer educational materials, including texts and videos, to help investors make informed decisions. These resources are available on the BSE Investor Protection Fund website. Risk Warning Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then.

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CNB Forex Brokers - Complete Information Guide

1. Broker Overview

　　CNB Finwiz Private Limited, established in 1996, is a prominent brokerage firm based in Gurgaon, Haryana, India. The company operates under the regulatory frameworks of the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), having registered with the NSE in 2002 and the BSE in 2005. CNB Finwiz is a private entity, focusing primarily on providing financial services to traders involved in high-frequency and latency-sensitive trading strategies across various market segments, including equity cash and derivatives.

　　The firm has significantly expanded its footprint since its inception, boasting 240 branches and a network of 774 remisiers as well as 4695 authorized persons acting as stock brokers. Over the years, CNB Finwiz has established itself as a reliable partner for both retail and institutional clients, offering a range of services designed to meet the diverse needs of its clientele. The company also operates CNB Commodities Pvt Ltd, which facilitates commodity trading.

　　As a CNB broker, the firm has played a crucial role in the Indian financial market, helping clients navigate complex trading environments while ensuring compliance with regulatory standards. With a robust business model that includes retail forex trading, CNB Finwiz continues to adapt and evolve, responding to the dynamic needs of the market.

2. Regulatory and Compliance Information

　　CNB Finwiz operates under the stringent regulations set forth by the Securities and Exchange Board of India (SEBI), as well as the Czech National Bank (CNB) in the context of forex trading. The firm holds the following regulatory numbers:

NSE Registration Number: INB231189334
BSE Registration Number: INB011189330

　　These licenses are valid for conducting trading activities on the respective exchanges, ensuring that the broker adheres to high standards of conduct and compliance.

　　The CNB's regulatory framework mandates that client funds be maintained in segregated accounts, separate from the company's operational funds. This measure is designed to protect investors in the event of financial difficulties faced by the brokerage. Furthermore, CNB Finwiz is committed to adhering to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, ensuring that all clients undergo thorough verification processes to prevent fraudulent activities.

　　In addition, CNB Finwiz participates in an investor compensation scheme, providing an extra layer of security for client investments. This regulatory oversight helps maintain investor confidence and promotes a stable trading environment.

3. Trading Products and Services

　　As a CNB broker, CNB Finwiz offers a diverse array of trading products and services tailored to meet the needs of its clients. The firm provides access to a wide range of forex currency pairs, including major, minor, and exotic pairs, catering to both novice and experienced traders.

　　In addition to forex trading, CNB Finwiz also offers Contract for Difference (CFD) products across various asset classes, including:

Indices: Major global indices for diversified trading opportunities.
Commodities: Trading in precious metals, energy products, and agricultural commodities.
Stocks: A selection of shares from prominent companies listed on NSE and BSE.
Cryptocurrencies: Access to popular digital currencies, enhancing the trading portfolio.

　　The firm regularly updates its product offerings, introducing new instruments to keep pace with market trends and client demands. CNB Finwiz is dedicated to providing comprehensive retail trading services, as well as tailored solutions for institutional clients, including white-label solutions and asset management services.

4. Trading Platforms and Technology

　　CNB Finwiz supports the widely used MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, which are renowned for their advanced trading features and user-friendly interfaces. These platforms enable traders to execute trades efficiently and utilize a variety of analytical tools.

　　In addition to MT4/MT5, CNB Finwiz has developed its own proprietary trading platform, offering unique features tailored to the specific needs of its clients. The firm also provides a web-based trading platform, allowing traders to access their accounts from any device without the need for software installation.

　　For mobile trading, CNB Finwiz offers applications compatible with both iOS and Android devices, ensuring that clients can manage their trades on the go. The broker employs an ECN (Electronic Communication Network) execution model, which connects traders directly to the interbank market, providing tighter spreads and faster trade execution.

　　The firm's technological infrastructure is robust, with servers strategically located to optimize trading performance. CNB Finwiz also supports API access for automated trading, enabling clients to implement algorithmic trading strategies seamlessly.

5. Account Types and Trading Conditions

　　CNB Finwiz offers a variety of account types to cater to different trading styles and preferences. The standard account requires a minimum deposit, with competitive spreads and commission structures designed to attract a wide range of traders.

　　For more experienced traders, the firm provides premium account options, including VIP and professional accounts, which offer enhanced trading conditions, such as lower spreads and higher leverage. Additionally, CNB Finwiz accommodates clients with specific needs by offering Islamic accounts that comply with Sharia law.

　　The broker also provides a demo account policy, allowing prospective clients to practice trading strategies without financial risk. Leverage ratios vary depending on the asset class, with forex products typically offering higher leverage compared to CFDs.

　　Minimum trade sizes are set to accommodate both retail and institutional traders, and the firm maintains transparent policies regarding overnight fees to ensure clients are well-informed about potential costs associated with their trades.

6. Funds Management

　　CNB Finwiz supports a variety of deposit methods to facilitate client transactions, including bank transfers, credit cards, and e-wallets. The minimum deposit requirements vary by account type, and the firm strives to make the deposit process as seamless as possible.

　　Deposits are processed efficiently, with most transactions completed within a short timeframe. The broker does not impose any deposit fees, promoting a cost-effective trading environment for its clients.

　　For withdrawals, CNB Finwiz offers multiple options, ensuring clients can access their funds with ease. Withdrawal processing times are generally prompt, although they may vary based on the chosen method. The broker has established a transparent fee structure for withdrawals, ensuring clients are aware of any applicable charges.

7. Customer Support and Educational Resources

　　CNB Finwiz is committed to providing exceptional customer support, with multiple channels available for clients to reach out, including telephone, email, live chat, and social media platforms. The support team operates during business hours, accommodating clients across different time zones.

　　The firm offers multilingual support, ensuring that clients from diverse backgrounds can communicate effectively with customer service representatives. Moreover, CNB Finwiz provides a wealth of educational resources, including webinars, tutorials, and e-books, aimed at enhancing clients' trading knowledge and skills.

　　Market analysis services are also available, featuring daily reports, news updates, and research papers that keep clients informed about market trends and developments. Additionally, the broker offers a range of trading tools, such as calculators, economic calendars, and signal services, to assist traders in making informed decisions.

8. Regional Coverage and Restrictions

　　CNB Finwiz primarily serves clients in India, with a significant presence in the Czech Republic through its regulatory affiliations. The firm has established regional offices to enhance its service delivery and support.

　　However, there are certain countries and regions from which CNB Finwiz does not accept clients. These restrictions are in place to comply with local regulations and ensure the firm's adherence to international standards. Specific limitations may apply based on the regulatory landscape in various jurisdictions.

　　In summary, as a CNB broker, CNB Finwiz exemplifies a commitment to providing high-quality trading services while adhering to regulatory standards. With a diverse range of products, robust trading platforms, and a focus on customer support, the firm continues to be a significant player in the financial markets.

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