Oyster Forex Broker

Oyster Review SummaryRegistered2010Registered Country/RegionIndiaRegulationNo RegulationServicesStock trading in the cash markets of NSE and BSE, Trading in the Futures and Options(F&O) segment of NSE, Securities Lending and Borrowing(SLB)Trading PlatformNSE, BSECustomer SupportTel: +91 22 4334 6500Fax: +91 22 4334 6505Oyster Information Founded in 2010, Oyster was registered with the Securities and Exchange Board of India (SEBI) under the registration number INZ000237237. Its business includes stock brokerage services, securities lending and borrowing (SLB), proprietary trading, and high - net - worth individual (HNI) services. It is suitable for investors who focus on compliance and prefer traditional brokerage services, especially those who need offline support or participate in securities pledging.Pros and ConsPros Cons Multiple servicesNo RegulationSupports offline account opening (suitable for traditional investors)Limited online fee informationService focuses on institutional clientsNo clear technical toolsIs Oyster Legit? Oyster is not regulated, although the company claims to hold a SEBI registration number, be an official member of NSE and BSE, and comply with the regulatory requirements of the Indian capital markets.Oyster ServicesServicesSupported Stock trading in the cash markets of NSE and BSE✔Trading in the Futures and Options (F&O) segment of NSE✔Securities Lending and Borrowing (SLB)✔Account Type Oyster offers regular trading accounts and supports offline account opening. A Demat account needs to be linked to an NSDL or CSDL account for securities storage and pledge. Investors should be aware that accounts with no transactions for more than one year will be marked as inactive.Account Type Supported Regular Trading Account✔Demat Account (NSDL or CSDL)✔Trading PlatformTrading PlatformSupported Available Devices Suitable for NSE✔//BSE✔//