DSI foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website http://drishtishares.com/open.php, about the company's legal and temporary regulatory information, the company's address POCKET 40, BUILDING NO. 62 GROUND FLOOR,CHITTARNJAN PARK NEW DELHI- 110 019.
DSI Broker, officially known as Drishti Shares India, was established in 2000. The company is headquartered in New Delhi, India, specifically located at Pocket 40, Building No. 62, Ground Floor, Chittarn Jan Park, New Delhi - 110 019. DSI operates as a private brokerage firm and offers a wide array of trading services to clients globally, primarily focusing on the forex and CFD markets.
Over the past two decades, DSI has aimed to provide comprehensive trading solutions, catering to both retail and institutional clients. The firm has developed various trading products and services, positioning itself within the competitive landscape of online trading. Despite its relatively long presence in the market, DSI has faced challenges regarding regulatory compliance, which has impacted its reputation and operational capabilities.
The business model of DSI is centered around retail forex trading, offering clients access to various financial instruments, including forex pairs, commodities, and indices. The firm also aims to provide a user-friendly trading environment, although it has not yet established a significant presence in the regulated forex and CFD industry.
One of the critical aspects concerning DSI Broker is its regulatory status. Currently, DSI is classified as unregulated, meaning that it does not operate under the oversight of any major financial regulatory authority. This lack of regulation raises concerns among potential clients regarding the safety and security of their investments.
As DSI is unregulated, it does not possess any regulatory numbers or licenses that would typically be required for a brokerage firm. This absence of oversight means that there are no investor protection schemes in place, and clients' funds may not be guaranteed in the event of insolvency or operational issues.
The company has not publicly disclosed its policies regarding client fund segregation or participation in an investor compensation fund. Additionally, there is no detailed information available about DSI's KYC (Know Your Customer) and AML (Anti-Money Laundering) compliance measures. This lack of transparency can be a significant drawback for potential investors considering trading with DSI Broker.
DSI Broker provides access to a diverse range of trading products, catering to various investment strategies and preferences. The firm offers a selection of forex currency pairs, with a focus on major and minor currencies. While the exact number of available currency pairs is not specified, clients can typically expect to trade popular pairs such as EUR/USD, GBP/USD, and USD/JPY.
In addition to forex, DSI offers Contract for Difference (CFD) trading across various asset classes, including commodities, indices, and potentially even cryptocurrencies, although specific details on cryptocurrency offerings are not provided. The firm aims to keep its product offerings updated, but there is no clear indication of how frequently new products are introduced.
For both retail and institutional clients, DSI provides trading services tailored to individual needs. However, the absence of white-label solutions or asset management services indicates a more focused approach on retail trading rather than institutional partnerships.
DSI Broker does not support the widely used MetaTrader 4 or 5 platforms, which may deter some traders accustomed to these popular trading environments. Instead, the firm has developed its own proprietary trading platform, which aims to offer a user-friendly interface and essential trading functionalities.
The broker provides a web-based trading platform, allowing clients to access their accounts and execute trades from any device with internet connectivity. Additionally, DSI may offer a mobile application for both iOS and Android devices, although specific details about the app's features and functionalities are not mentioned.
Regarding execution modes, DSI utilizes a Market Making model, which may affect the spreads and pricing offered to clients. The firm's servers are reportedly located in India, but detailed information about the technical infrastructure and server reliability is not available.
Moreover, DSI Broker does not appear to offer API access or support for automated trading, which may limit the options for algorithmic traders looking to implement advanced trading strategies.
DSI Broker offers different types of trading accounts to accommodate various trading styles and investment levels. The standard account typically requires a minimum deposit, with spreads and commissions that are competitive but not explicitly detailed in the available information.
For more experienced traders, DSI may provide advanced account types, such as VIP or professional accounts, although the specific benefits and requirements for these accounts are not disclosed. The firm also seems to offer Islamic accounts, catering to clients who require Sharia-compliant trading options.
A demo account is likely available for those who want to practice trading without risking real capital, but specific policies regarding the demo account are not provided.
Leverage ratios at DSI may vary depending on the product, but details on the exact leverage offered are not available. The minimum trade size is typically standard for forex brokers, but precise figures are not mentioned. Additionally, information on overnight fees or swap rates is also lacking.
DSI Broker supports various deposit methods, including bank transfers, credit cards, and electronic wallets. However, specific details regarding the minimum deposit requirements for different account types are not provided.
The processing time for deposits is generally quick, but exact timeframes for each method are not specified. There is no mention of deposit fees, which may vary depending on the payment method used.
For withdrawals, DSI Broker offers several methods, although the specific options and any associated limitations are not detailed. The processing time for withdrawals is typically within a few business days, but clients should verify the exact timelines with the broker.
Withdrawal fees and conditions are also not clearly outlined, which may lead to unexpected costs for clients when accessing their funds.
DSI Broker provides customer support through multiple channels, including phone, email, and live chat. The firm aims to offer assistance during business hours, but specific service times and time zone coverage are not disclosed.
The broker likely supports multiple languages, though the exact languages available for customer support are not specified.
In terms of educational resources, DSI appears to offer various types of content, such as webinars, tutorials, and eBooks. Market analysis services, including daily reports and research insights, may also be available to assist traders in making informed decisions.
Additionally, DSI Broker may provide trading tools, such as calculators and economic calendars, but detailed information about these resources is not readily available.
DSI Broker primarily serves clients in India and aims to expand its reach to other regions. However, specific details about its market presence in other countries are not provided.
The broker has regional offices, but the exact locations and their roles in supporting clients are not specified.
Certain countries may be restricted from opening accounts with DSI Broker, although a definitive list of excluded jurisdictions is not available. Special restrictions may apply to clients from regions with stringent regulatory requirements, but further clarification is needed.
In conclusion, DSI Broker presents a mixed profile, with its unregulated status raising concerns while offering a range of trading products and services. Potential clients should carefully consider these factors before engaging with the broker.