English

FairWealth foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website http://fairwealth.in/Open-an-account, about the company's legal and temporary regulatory information, the company's address .

FairWealth Forex Broker

Basic Information

Registered Region

India

Operating Period

Company Name

FairWealth Securities Ltd.

Abbreviation

FairWealth

Company employee

Customer Service Email Address

coordination@fairwealth.in

Contact Number

011-39127100

Company Website

http://fairwealth.in/

Facebook

https://www.facebook.com/fairwealthdrstock/

https://twitter.com/DrStockFW

Keywords

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

Company profile

ABOUT THE BROKER AND REGULATORY STATUS Fairwealth Securities is a Private trading company. Fairwealth Securities was founded by Dhirender Gaba in 02005 and has its headquarters in Delhi NCR, Delhi. In general, full service brokers provide more investment advice and perform detailed stock analysis for their clients. The brokerage fees are also towards the higher side. Launched in the year 2005, FairWealth Securities is a full-service stockbroker based out of Mumbai along with its headquarters in New Delhi. This stockbroker has a strong offline presence in around 420 cities and 1800+ remisers across different parts of India. At the same time, the broker has an active monthly client base of 11,293. Compared to other prominent stock brokers in India, this figure is quite low. Let's have a quick look at some of the features of this stockbroker along with areas such as pricing, brokerage, trading applications, margin and more! ACCOUNT AND LEVERAGE FAIRWEALTH ACCOUNT OPENING CHARGES Here are the details of the account opening and maintenance charges: • For Demat Account Opening Charges is ₹0 • For Trading Account Annual Maintenance Charges (AMC) ₹0 • Demat Account Annual Maintenance Charges (AMC) 300 (1st year free), 1000 lifetime free When it comes to their annual maintenance charges, they have got a couple of options. Either you can opt for 300 plan where the first ye is free and from the second year, you will be Ored to pay ₹300 every year. Otherwise, you also have the option to pay ₹1000 upfront and your lifetime AMC is taken care of with that amount. Fairwealth Securities uses CDSL & NSDL as the depository. the CDSL and NSDL are both depositories registered by the Indian government to hold securities such as stocks, commodities, bonds, ETF's in electronic form or copies, and different brokers use one of the two depository types. Demat (short for dematerialization account) account is used for holding securities in electronic form, and the securities are deposited through National Securities Depository Limited (NSDL) or Central Depository Services Limited (CDSL). The account opening charges vary from 0 to Rs.200 for various brokers. Fairwealth Securities charges Rs.250 for account opening. As we mentioned before, Once you have opened a Demat account, you have to pay certain charges such as account maintenance charges, broker commission, GST, STT. The AMC (Annual Maintenance charges) are around Rs.300, and the discount broker usually charges Rs.20 per executed trade as their commission. TRADING INSTRUMENTS To start with, while using the services of Fairwealth securities, you can trade and invest in the following segments: Equity, Institutional broking, Depository services, Commodity Trading, Currency Trading, Derivatives, Mutual Funds, IPOs, Insurance, Loans TRADING PLATFORM This full-service stockbroker majorly relies on 3rd party trading softwares for its clients and has minimal focus on in-house technology development. Nonetheless, the broker offers you trading applications across devices including a terminal solution, web-based browser application and a mobile app. Here are the details: ODIN DIET This is a terminal based trading application that requires you to download and install an EXE software onto your computer or desktop. Although it is a little bulky application that requires a reasonable configuration of your machine, it still gives you an exhaustive number of features to access. The application provides you with the following features: • Reasonable speed and performance • Since Fairwealth is a full-service stockbroker, you will be provided with research and recommendations within the trading platform • Around 6 types of charts along with 30 technical indicators are available to go with charting functionality for technical and fundamental analysis • Important studies such as trend lines, cycle lines, Fibonacci arcs, Gann fan lines, inserting text etc. are available through drag and drop • Allows you to trade and invest in differe Orading/investment products including mutual funds etc. A couple of concerns with this licensed terminal solution from FairWealth Securities, including: Relatively bulky in nature and requires high configuration of your machine If you are a beginner level user, then you may face usability level issues where concerns such as understanding the application, navigation across features can be observed. NETNETLITE This web-based browser application is another outsourced software that is provided by FairWealth to its clients. It does not require any download or installs, and you just need your credentials (username/password) to login into the application through any browser. Furthermore, it is a responsive application and can be used across different devices such as a computer, laptop, desktop, mobile or a tablet. The application provides you with the following features: • Relatively easier to use • Okayish charting functionality for analysis. At the same time, you will realize that the number of features, in this case, are limited in number. Especially, if you are a medium to a heavy level trader, you'd like to switch to a much more exhaustive application soon. Secondly, the application needs to improve its technical and fundamental analysis set up through indicators, chart types, heatmaps, strategies etc. FAIRWEALTH MOBILE APP This mobile app is the single and the only attempt by the full-service stockbroker towards in-house technology incorporation. This app provides the following features as listed below: Real-time indices information Customizable watch lists • Research and tips available within the mobile app • Charting for frequencies ranging from 1 day, 1 week, 1 month and up to 1 year • Fund transfer At the same time, there are few issues with the mobile app, including: • Limited number of features • Performance and speed related issues especially in smaller cities • Irritating user experience with numerous alerts. DEPOSIT AND WITHDRAWAL METHOD CUSTOMER SERVICE Customer support is a crucial factor that makes a new customer into a loyal and long-term customer. As the world of trading is speedy, an investor needs proper customer support from their brokers to execute orders at the right time to avoid any potential losses. The brokers' responsibility is to be active on live chats, E-mails, helpline numbers, and discussion forums. Although Fairwealth is a full-service stockbroker and generally, users expect high standards of customer service from such brokers but it still has a lot to improve in this aspect. The broker provides the following communication channels, as listed: Offline branches • Phone Toll-Free Number • Email • Webform Although the broker provides multiple communication channels when it comes to usage of user feedback, it seems FairWealth has not realized the value of feedback yet.

FairWealth broker review

Is FairWealth safe or scam

Rating Index

How to login to FairWealth?

Fairwealth Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a Fairwealth Account Registering for a Fairwealth account is the first step in accessing their investment services. Follow these detailed steps to complete the

Fairwealth Forex Broker - Complete Information Guide

1. Broker Overview

　　Fairwealth Securities Ltd., founded in 2005 by Dhirender Gaba, is a private company headquartered in Delhi NCR, India. As a full-service broker, Fairwealth aims to provide a comprehensive range of financial services, including brokerage, investment advisory, and financial planning to its clients. The company primarily serves retail investors, high-net-worth individuals, and institutional clients, offering tailored solutions to meet diverse investment needs.

　　Since its inception, Fairwealth has made significant strides in the financial services sector, establishing itself as a reputable player in the Indian brokerage market. The firm has expanded its offerings to include a variety of investment products, such as equities, commodities, and currencies, catering to a growing base of clients. Over the years, Fairwealth has achieved several milestones, including the introduction of innovative trading platforms and enhanced research capabilities.

　　Fairwealth operates under the umbrella of its parent company, which specializes in various financial services, ensuring clients receive holistic support for their investment strategies. The firm's business model focuses on retail forex trading, providing a user-friendly experience for individual traders while also catering to institutional clients with specialized services.

2. Regulation and Compliance Information

　　Fairwealth Securities is regulated by the Securities and Exchange Board of India (SEBI), which oversees the functioning of stock brokers in India. The regulatory license number for Fairwealth is INB 011272334, allowing it to operate as a registered stockbroker. This license is valid for various services, including equity and commodity trading.

　　The firm adheres to strict compliance measures, ensuring the segregation of client funds from its operational funds. This practice is crucial for maintaining investor trust and safeguarding client assets. Additionally, Fairwealth participates in the Investor Protection Fund, which provides compensation to investors in the event of broker insolvency.

　　Fairwealth implements comprehensive KYC (Know Your Customer) and AML (Anti-Money Laundering) policies to ensure compliance with legal requirements and to prevent illicit activities. These measures include verifying the identity of clients and monitoring transactions for any suspicious activities, thereby promoting a secure trading environment.

3. Trading Products and Services

　　Fairwealth offers a diverse range of trading products, catering to various investment preferences. The firm provides access to a broad selection of forex currency pairs, including major, minor, and exotic pairs, allowing traders to capitalize on global market movements. Additionally, Fairwealth offers CFD products across categories such as indices, commodities, stocks, and cryptocurrencies, enabling clients to diversify their portfolios effectively.

　　The company is committed to regularly updating its product offerings, ensuring clients have access to the latest trading instruments. This includes the introduction of new forex pairs and CFDs, reflecting market trends and client demand. Fairwealth's retail trading services are designed to empower individual traders with the tools and resources necessary for informed decision-making.

　　For institutional clients, Fairwealth provides tailored services, including white-label solutions and asset management services. These offerings are designed to meet the specific needs of larger clients, ensuring they receive personalized support and expertise.

4. Trading Platforms and Technology

　　Fairwealth supports MetaTrader 4 (MT4), one of the most popular trading platforms in the forex market, allowing traders to execute trades efficiently and access advanced analytical tools. The firm also offers a proprietary web-based trading platform that provides real-time market data and a user-friendly interface, making it accessible for traders of all experience levels.

　　For mobile trading, Fairwealth has developed applications compatible with both iOS and Android devices, enabling clients to trade on-the-go. These mobile apps provide essential features such as real-time updates, portfolio management, and market news, ensuring traders stay informed regardless of their location.

　　The firm employs an ECN (Electronic Communication Network) execution model, which facilitates direct market access for clients and enhances trading efficiency. The servers are strategically located to minimize latency and ensure fast order execution, crucial for high-frequency trading strategies. Moreover, Fairwealth supports API access, allowing clients to integrate algorithmic trading solutions into their trading strategies.

5. Account Types and Trading Conditions

　　Fairwealth offers a variety of account types to cater to different trading needs. The standard account requires a minimum deposit of ₹15,000, with competitive spreads and commissions. For traders looking for enhanced features, Fairwealth provides VIP accounts that offer lower spreads and additional benefits for high-volume traders.

　　The firm also offers Islamic accounts for clients seeking Sharia-compliant trading options, ensuring that all trading activities adhere to Islamic finance principles. Additionally, Fairwealth provides a demo account for new traders to practice their strategies without financial risk, allowing them to familiarize themselves with the trading platform and market dynamics.

　　Leverage options at Fairwealth vary depending on the asset class, with forex leverage reaching up to 1:50 for retail clients. The minimum trade size is typically 0.01 lots, providing flexibility for traders to manage their positions effectively. Overnight financing fees are applicable, and clients are informed of these charges upfront to maintain transparency.

6. Fund Management

　　Fairwealth supports various deposit methods, including bank transfers, credit cards, and e-wallets, making it convenient for clients to fund their accounts. The minimum deposit requirement varies by account type, with standard accounts requiring a minimum of ₹15,000.

　　Deposits are processed swiftly, with most transactions being completed within 1 to 2 business days. Fairwealth does not impose deposit fees, ensuring that clients can add funds to their accounts without incurring additional costs.

　　Withdrawals can be made through the same methods as deposits, with processing times typically ranging from 1 to 3 business days, depending on the method chosen. Fairwealth maintains a transparent fee structure for withdrawals, with minimal charges applied to ensure clients receive their funds promptly.

7. Customer Support and Educational Resources

　　Fairwealth provides comprehensive customer support through various channels, including phone, email, and online chat. The support team is available during business hours, ensuring clients can receive assistance when needed. Additionally, Fairwealth offers multi-language support, catering to a diverse client base.

　　The firm is committed to educating its clients, providing a range of educational resources such as webinars, tutorials, and e-books. These resources cover essential trading concepts, market analysis, and strategies, empowering clients to enhance their trading skills.

　　Fairwealth also offers market analysis services, providing clients with daily updates, research reports, and trading signals. These insights are designed to help traders make informed decisions and stay updated on market trends.

8. Regional Coverage and Restrictions

　　Fairwealth primarily serves clients in India, with a significant presence in the Delhi NCR region. The firm has established a network of branches to ensure accessibility for its clients.

　　However, Fairwealth does not accept clients from certain jurisdictions, including countries that impose strict regulations on forex trading or where the firm is not licensed to operate. Specific restrictions may apply based on local laws and regulations, ensuring compliance with international financial standards.

　　In conclusion, Fairwealth Securities stands out as a reliable broker in the Indian financial market, offering a comprehensive suite of services tailored to meet the needs of both retail and institutional clients. With a focus on transparency, compliance, and client education, Fairwealth continues to enhance its offerings and maintain its reputation as a trusted partner for traders.

FairWealth Similar Brokers

Arch

Best brokers