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PURE foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website http://boss.purebroking.com/kyc/, about the company's legal and temporary regulatory information, the company's address Unit No. 305A , 3rd Floor, Tower A, WTC Gift City, Road 5E, Zone 5, GIFT City, Gandhinagar-382355, Gujarat, India.

PURE Forex Broker

Basic Information

Registered Region

India

Operating Period

Company Name

Pure Broking Pvt.Ltd.

Abbreviation

PURE

Company employee

Customer Service Email Address

info@purebroking.com

Contact Number

+9102612600300

Company Website

https://www.purebroking.com

Company address

Unit No. 305A , 3rd Floor, Tower A, WTC Gift City, Road 5E, Zone 5, GIFT City, Gandhinagar-382355, Gujarat, India

Keywords

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

Company profile

PURE initiated their operations in July 2013 in the Indian equity broking industry. They offers their financial services from stock broking to mutual funds. Besides, they offers various types of accounts via their trading platform. However, it is not regulated well.Pros and Cons ProsCons Innovative trading platform and toolsUnregulated Online education and research resources providedNo demo accounts Separate accounts offeredDoes not use popular funding methods such as debit/credit cardIs PURE Legit? Pure claims they keeps their traders funds in a separate account as per SEBI rules. However, there is a problem that as of now, it has not been regulated well.What Can I Trade on PURE? PUREs asset classes include equities, shares, debentures, warrants, coupons, bond derivatives, Initial Public Offerings (IPOs), currency derivatives, and mutual funds. There are two main types of derivative instruments: futures and options. Futures are contracts between two parties to buy or sell a fixed quantity of an asset at a specified time in the future for a predetermined price. An option is similar, but the parties are not obligated to execute the contract. These contracts are traded on the market, and the minimum value for a contract is Rs 2 lakh. Asset ClassSupported Equities✔ Shares✔ Debentures✔ Warrants✔ Coupons✔ Bond Derivatives✔ Initial Public Offerings (IPOs)✔ Currency Derivatives✔ Mutual Funds✔Account Type PURE offers Demat Account, Trading Account, 2 in 1 Account, Corporate Account and NRI Account. These accounts facilitate different products and services. The general introduction of each account is as follows on the table: Account TypeDetail Demat AccountA facility that allows investors to hold financial instruments like shares, bonds, government securities, mutual funds, and ETFs in electronic form, similar to a bank account for money. Trading AccountAn all-in-one account that enables investing in equities, IPOs, mutual funds, derivatives, and currencies. It eliminates the need for separate accounts for different types of securities. 2-in-1 AccountA combined account that integrates both a share trading account and a demat account into one. It simplifies the process of trading and holding financial instruments. Corporate AccountDesigned for businesses, this account caters to the trading and investment needs of corporate entities to manage and invest in various financial instruments. NRI AccountTailored for Non-Resident Indians (NRIs), this account offers specialized services such as online equity trading, depository services, and support for banking, insurance, and personal loans.PURE Fees At PURE, the fixed price trading model means that shares are sold at a predetermined, fixed price. This price is set by the company in advance, and buyers must purchase the shares at this established price. For instance, if XYZ Industries Limited decides to issue 6,000,000 equity shares at ₹15 each, you can only buy the shares at ₹15, not at a lower price like ₹10. PURE applies different fee structures based on the type of investor: - Retail Individual Investor: This refers to investors who apply for or bid on securities valued up to ₹200,000. - Non-Qualified Institutional Buyer (NQIB): This category includes investors who bid for amounts exceeding ₹200,000 and do not fall into the Qualified Institutional Buyer (QIB) category, such as High Net-Worth Individuals (HNI).Trading Platform PURE provides Pure-TradeOn platform, in which you can trade on your desktop, web, tablet and mobile. On their trading platform, there are five main tools, namely Radar, Reminder, Multiple Price View. Bulk Order and World Indices. It uses radar technology to track securities based on predefined parameters, similar to military applications, and provides real-time price reminders for important levels. The platform supports unlimited price views for monitoring and enables bulk ordering of multiple stocks simultaneously, either directly or through Excel files.Deposit and Withdrawal Deposit: - IMPS Transfer: Quickest method, taking about 10 minutes during market hours. Use the alphanumeric account numbers provided or, if needed, the NEFT/RTGS account numbers. Bank charges may apply. - NEFT/RTGS Transfer: Typically takes between 2 to 10 hours. Its free at PURE Broking, but bank charges might apply. - Instant Payment Gateway: Available through the Pure-TradeOn platform, this method provides immediate credit for a fee of Rs. 10 plus taxes, with 28 banks supported. Withdrawals: For fund withdrawals, log into the BOSS system or Pure-TradeOn. Withdrawals for Equity, F&O, and currency are processed at 6:45 PM on weekdays and may take up to 24 hours to reflect in your bank account. Requests made after this time or on second and fourth Fridays will be processed on the next working day.Education & Research PURE provides a wealth of educational and research resources. Their platform includes market information, featuring detailed equity price analysis, up-to-date currency quotes, and additional insights. You also can use tools such as an option calculator and margin requirement calculator. Beyond these, PURE offers a blog with the latest market trends and insights, a frequently asked questions (FAQs) section for quick answers, and the knowledge center.Customer Service PURE supports phone, email and online messaging to contact them. Contact OptionsDetails Phone0261-2-600-300 Emailinfo@purebroking.com Online Messaging✔ Online Chat❌ Social Media❌ Supported LanguageEnglish Website LanguageEnglish Physical AddressUnit No. 305A , 3rd Floor, Tower A, WTC Gift City, Road 5E, Zone 5, GIFT City, Gandhinagar-382355, Gujarat, IndiaThe Bottom Line In conclusion, PURE is a financial broker who provides trading products with many variety on their one-stop trading platform with many tools offered. It is particularly suited for experienced traders who can navigate complex products and fully utilize the advanced features of the trading environment.FAQs Is PURE safe? No, because it is not regulated well. Is PURE a good for beginners? No. First, it is not regulated. Second, the products they provides is rather complicated for beginners. What security measures does PURE have in place to protect my funds and personal information? They offers separate accounts for their traders.

PURE broker review

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How to login to PURE?

Pure Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a Pure Account The registration process for a pure account is straightforward and typically involves a few essential steps. Below is a detailed guide to help you thr

Pure Forex Broker - Complete Information Guide

1. Overview of the Broker

　　Pure Broker, established in 2013, is a forex brokerage firm headquartered in Surat, Gujarat, India. The company operates as a private entity and primarily focuses on providing trading services to clients worldwide. Over the years, Pure Broker has aimed to cater to a diverse clientele, including both retail and institutional traders, by offering access to various financial instruments.

　　The development of Pure Broker has been marked by its commitment to expanding its service offerings and enhancing its trading platform. Despite being relatively new in the forex and CFD industry, the company has positioned itself as a player, although it currently lacks proper regulatory oversight, which has raised concerns among potential clients.

　　Pure Broker operates under a straight-through processing (STP) model, allowing for direct access to the interbank market without dealing desk intervention. This model is designed to provide traders with better execution speeds and more competitive pricing.

2. Regulatory and Compliance Information

　　Pure Broker is currently unregulated, which means it does not fall under the supervision of any major financial regulatory authority. This lack of regulation is a significant concern for traders, as it raises questions about the safety of client funds and the overall trustworthiness of the broker.

　　The company's operations are based in India, and it does not hold any licenses from recognized regulatory bodies. As a result, it does not provide investor compensation schemes or client fund protection measures that are typically offered by regulated brokers.

　　To comply with international standards, Pure Broker implements Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures, ensuring that client identities are verified and that funds are sourced legitimately. However, the absence of regulatory oversight means that the effectiveness of these measures cannot be independently verified.

3. Trading Products and Services

　　Pure Broker offers a range of trading products, including:

Forex Currency Pairs: The broker provides access to a selection of major, minor, and exotic currency pairs, facilitating diverse trading strategies.
Contracts for Difference (CFDs): Clients can trade CFDs on various underlying assets, including indices, commodities, and cryptocurrencies.
Commodities: Trading options include popular commodities, enabling clients to diversify their portfolios.
Indices: Traders can speculate on major global indices, providing exposure to stock market movements.
Cryptocurrencies: Pure Broker also allows trading in popular cryptocurrencies, catering to the growing interest in digital assets.

　　The broker continuously updates its product offerings, ensuring that clients have access to the latest trading instruments and market opportunities.

4. Trading Platforms and Technology

　　Pure Broker supports the MetaTrader 4 (MT4) platform, which is widely recognized for its user-friendly interface and advanced trading tools. The MT4 platform allows traders to execute trades, analyze market trends, and utilize automated trading strategies through Expert Advisors (EAs).

　　In addition to MT4, Pure Broker is working towards integrating MetaTrader 5 (MT5), which offers enhanced features and functionalities, including more indicators and timeframes, catering to advanced traders' needs.

　　The broker provides a web-based trading platform that allows clients to trade from any internet browser without the need for software installation. Moreover, mobile applications for both iOS and Android devices are available, enabling traders to manage their accounts and execute trades on the go.

　　Pure Broker operates on an STP execution model, ensuring that client orders are routed directly to liquidity providers for faster execution. The broker's infrastructure is designed to support high-speed trading, with servers located in strategic financial hubs to minimize latency.

5. Account Types and Trading Conditions

　　Pure Broker offers several account types designed to meet the varying needs of traders:

Standard Account: Requires a minimum deposit of $100, with competitive spreads and a commission structure based on trading volume.
Advanced Account: Tailored for experienced traders, offering additional features and potentially lower trading costs.
Demo Account: Available for clients to practice trading strategies without financial risk.

　　The leverage offered by Pure Broker varies by account type and trading instrument, with options up to 1:200. The minimum trade size is 0.01 lots, allowing for flexible trading strategies.

　　Pure Broker also has policies for overnight fees, ensuring that traders are aware of any costs associated with holding positions overnight.

6. Fund Management

　　Pure Broker supports various deposit methods, including:

Bank Transfers
Credit/Debit Cards
Electronic Wallets

　　The minimum deposit requirement is $100 for standard accounts, while processing times for deposits typically range from instant to a few business days, depending on the method used.

　　Withdrawals can be made through similar channels, with specific limitations and processing times that vary. Withdrawal fees may apply, depending on the chosen method, which can affect the overall cost of trading.

7. Customer Support and Educational Resources

　　Pure Broker provides customer support through multiple channels, including:

Phone
Email
Live Chat
Social Media

　　Support is available during market hours, but it is essential to note that customer service may not be available on weekends.

　　The broker offers educational resources, including webinars, tutorials, and market analysis services. These resources aim to equip traders with the knowledge needed to navigate the forex market effectively.

8. Regional Coverage and Restrictions

　　Pure Broker primarily serves clients in India and other international markets. However, it does not accept clients from certain jurisdictions due to regulatory restrictions, which may include regions with stringent financial regulations.

　　The company's regional offices are strategically located to support its global client base, although specific details about their distribution are not publicly disclosed.

　　In summary, Pure Broker presents itself as a forex trading platform with a range of services tailored to various trader needs. However, potential clients should consider the lack of regulatory oversight and the associated risks before engaging with the broker.

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