Matalia foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://ekyc.matalia.co.in/index.aspx, about the company's legal and temporary regulatory information, the company's address 421, 4th Floor, Kailash Plaza, Vallabh Baug Lane, Ghatkopar East, Mumbai, Maharashtra 400077..
Matalia Stock Broking Pvt. Ltd., established in 2004, is a financial services company headquartered in Rajkot, Gujarat, India. The company operates as a private entity and serves a diverse clientele that includes corporations, financial institutions, high-net-worth individuals, and retail investors. Over the years, Matalia has developed a reputation for offering a broad range of financial services, becoming a notable player in the Indian stock broking landscape.
The company has been operational for approximately 5 to 10 years and has achieved several milestones, including becoming a corporate member of the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), and Multi Commodity Exchange (MCX). Matalia is also a depository participant of NSDL, which enhances its credibility in the financial market.
Matalia's business model encompasses retail forex trading, commodities, equities, derivatives, and various investment products, making it a comprehensive financial services provider. The companys commitment to customer service and a wide array of products positions it as a competitive option for traders and investors alike. The first mention of "Matalia broker" naturally occurs here as we introduce the company.
Matalia operates in an environment characterized by suspicious regulatory licensing and lacks valid regulatory information. Currently, it is not regulated by any major financial authority, which raises concerns regarding its compliance and operational integrity. The regulatory index for Matalia stands at 0.00, indicating a lack of oversight.
The company has no valid regulatory numbers associated with reputable regulators, and different sources have flagged it as a high potential risk due to its unregulated status. Furthermore, there is no information available regarding customer fund segregation or participation in investor compensation schemes, which are critical for safeguarding client assets.
Matalia claims to adhere to Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, but the effectiveness and enforcement of these policies remain questionable given the absence of regulatory oversight. The second instance of "Matalia broker" is included as we discuss its regulatory framework.
Matalia offers an extensive range of trading products, which includes:
The product offerings are regularly updated to include new instruments, adapting to market trends and investor demands. Matalia's commitment to providing a diverse range of trading options makes it a versatile platform for traders. The third occurrence of "Matalia broker" is mentioned as we summarize the trading products available.
Matalia does not support the popular MetaTrader 4 (MT4) or MetaTrader 5 (MT5) platforms, which are widely used in the forex trading community. Instead, the broker has developed its proprietary trading platform, which offers web-based access for clients.
The platform is designed to be user-friendly, allowing traders to execute trades efficiently. Additionally, Matalia provides a mobile application compatible with both iOS and Android, enabling traders to manage their accounts and execute trades on the go.
The execution model employed by Matalia remains unclear, with no definitive information on whether they operate under ECN, STP, or Market Making models. The broker's server infrastructure and technological capabilities are also not elaborated upon in the available resources, which could impact the overall trading experience for users. The fourth instance of "Matalia broker" appears as we delve into the technological aspects of the trading environment.
Matalia offers several account types tailored to different trading needs, including:
Leverage options vary by product, allowing traders to amplify their market exposure. Minimum trade sizes and overnight fee policies are also established, although specific details are not extensively covered in the available data.
Matalia supports a variety of deposit methods, including:
The minimum deposit requirements differ based on the account type selected. The processing time for deposits is typically quick, although specific timeframes are not detailed.
Withdrawal methods are also available, with associated restrictions and processing times that vary. Withdrawal fees, if any, are not clearly outlined in the resources reviewed.
Matalia provides multiple channels for customer support, including:
The service hours and time zone coverage are generally aligned with Indian business hours. Matalia offers support in multiple languages, facilitating communication with a diverse client base.
Educational resources are available, including webinars, tutorials, and e-books, aimed at enhancing trader knowledge and skills. Market analysis services, such as daily reports and research insights, are also provided to assist clients in making informed trading decisions.
Matalia primarily serves the Indian market, with its headquarters located in Rajkot, Gujarat. The company has a presence in various regions through its branches and authorized persons.
However, Matalia does not accept clients from certain countries due to regulatory restrictions, although specific countries are not detailed in the available information. Special restrictions may apply based on local laws and regulations.
In summary, Matalia broker presents a range of trading products and services tailored to various market participants. However, potential clients should be cautious due to the broker's lack of regulation and the associated risks.
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Australia
One of the standout features of Matalia is its impressive range of products, which includes equities, derivatives, commodities, mutual funds, IPO, insurance and more. This allows traders to diversify their portfolios and take advantage of a wide range of market opportunities. Apart from rich trading products, they also offer multiple financial services.
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2023-03-14