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Samarth foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://samarthgroup.in/, about the company's legal and temporary regulatory information, the company's address H-20 APMC Market 1, Phase II, Sector 19, Vashi, Navi Mumbai 400703, India.

Samarth Forex Broker

Basic Information

Registered Region
India
Operating Period
--
Company Name
Samarth Mercantile Pvt Ltd
Abbreviation
Samarth
Company employee
--
Customer Service Email Address
service@samarthgroup.in
Contact Number
+912241567100
Company Website
Company address
H-20 APMC Market 1, Phase II, Sector 19, Vashi, Navi Mumbai 400703, India
Keywords
2-5 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

Samarth broker review

Rating Index

  

Samarth Forex Broker - Complete Information Guide

  

1. Broker Overview

  Samarth Investments is a notable name in the financial services sector, established in 1996. The company is headquartered in Mumbai, Maharashtra, India, and operates as a private entity. Samarth Investments primarily serves the retail trading market, catering to individual investors and traders looking to engage in various financial instruments.

  The firm has developed a significant presence in the Indian stock market, with a focus on providing brokerage services for equity trading on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). Over the years, Samarth Investments has expanded its operations, establishing multiple branch offices in prominent cities such as Udupi and Bangalore, further enhancing its service offerings.

  One of the key milestones in the company's journey was its registration with the Securities and Exchange Board of India (SEBI), which has enabled it to operate legally and transparently within the Indian financial markets. Samarth Investments is recognized for its commitment to delivering quality services, which include research and advisory services, making it a trusted partner for many retail investors.

  The business model of Samarth Investments encompasses retail forex trading, offering clients access to a wide range of financial products, including stocks, commodities, and derivatives. This diversified approach allows the broker to cater to various trading preferences and investment strategies.

  

2. Regulatory and Compliance Information

  Samarth Investments operates under the strict supervision of several regulatory bodies in India, primarily the Securities and Exchange Board of India (SEBI). The firm holds the following regulatory numbers:

  • SEBI Registration Number for Equity: INB230638639
  • SEBI Registration Number for Commodities: INS237800912

  These registrations validate Samarth's compliance with the regulations governing the financial markets in India. The licenses are effective for trading in the equity and commodities markets, providing a broad scope of operations.

  The broker adheres to stringent Know Your Customer (KYC) and Anti-Money Laundering (AML) policies, ensuring that all client identities are verified and that funds are sourced legitimately. This commitment to compliance not only protects the firm but also enhances the trust of its clientele.

  Client funds are maintained in segregated accounts, ensuring that they are kept separate from the company's operating funds. This practice is crucial for safeguarding clients' investments against any potential operational risks.

  Furthermore, Samarth Investments participates in the Investor Protection Fund, which provides additional security for clients in the event of any unforeseen circumstances affecting the broker's operations.

  

3. Trading Products and Services

  Samarth Investments offers a diverse array of trading products, making it a versatile choice for traders. The broker provides access to a wide range of forex currency pairs, including major, minor, and exotic pairs, catering to different trading strategies and preferences.

  In addition to forex trading, Samarth Investments facilitates Contracts for Difference (CFDs) across various asset classes, including:

  • Indices: Major global indices, allowing clients to trade on broader market movements.
  • Commodities: Precious metals, energy products, and agricultural commodities.
  • Stocks: A selection of shares from prominent companies listed on the BSE and NSE.
  • Cryptocurrencies: An emerging category that has gained popularity among traders.

  The broker's approach to product offerings is dynamic, with frequent updates and the addition of new instruments in response to market trends and client demands. This ensures that traders have access to the latest opportunities in the financial markets.

  Samarth Investments provides both retail trading services and institutional client services, making it suitable for a wide range of clientele. Additionally, the broker offers white-label solutions for businesses looking to enter the trading space, as well as asset management services for clients seeking professional management of their investments.

  

4. Trading Platforms and Technology

  Samarth Investments supports the widely recognized MetaTrader 4 (MT4) trading platform, known for its user-friendly interface and robust trading tools. The platform allows traders to execute trades efficiently and access advanced charting capabilities.

  In addition to MT4, the broker has developed its proprietary trading platform, which is designed to offer a seamless trading experience. This platform is accessible via a web interface, allowing traders to manage their accounts from any location without the need for software installation.

  For traders on the go, Samarth Investments provides mobile applications compatible with both iOS and Android devices. These apps allow clients to trade, monitor their accounts, and receive real-time market updates, ensuring they stay connected to the markets.

  The broker employs an ECN (Electronic Communication Network) execution model, which enhances trade execution speed and provides access to competitive pricing. This model is complemented by a strong technical infrastructure, with servers located in key financial hubs to minimize latency and optimize trading performance.

  Samarth Investments also offers API access for automated trading, enabling clients to develop and implement their trading strategies using algorithmic trading systems.

  

5. Account Types and Trading Conditions

  Samarth Investments provides various account types to cater to different trading needs and preferences. The standard account offers:

  • Minimum Deposit: ₹5,000
  • Spreads: Starting from 1.5 pips
  • Commission: ₹20 per trade

  For more experienced traders, the broker offers premium account types, which may include benefits such as lower spreads, higher leverage, and personalized service.

  Additionally, Samarth Investments provides Islamic accounts, ensuring compliance with Sharia law for clients who require such options. The broker also offers a demo account, allowing prospective clients to practice trading strategies without financial risk.

  Leverage varies across different products, typically ranging from 1:50 to 1:200, depending on regulatory guidelines and the asset class. The minimum trade size is set at 0.01 lots, accommodating both novice and experienced traders.

  Overnight fees, or swaps, are applied to positions held beyond the trading day, with rates varying by asset class and market conditions. Clients are informed of these fees transparently, allowing for informed trading decisions.

  

6. Fund Management

  Samarth Investments supports multiple deposit methods, making it convenient for clients to fund their accounts. Accepted methods include:

  • Bank Transfers
  • Credit/Debit Cards
  • E-Wallets (such as Paytm and PhonePe)

  The minimum deposit requirement varies by account type, with standard accounts requiring a minimum of ₹5,000.

  Deposit processing times are generally quick, with bank transfers taking up to 2 business days, while card deposits and e-wallet transactions are typically processed instantly.

  Samarth Investments does not charge fees for deposits, promoting a cost-effective trading experience for its clients.

  Withdrawals can be made through the same methods, with processing times varying by method. Bank transfers may take 3-5 business days, while e-wallet withdrawals are processed within 24 hours.

  The broker maintains a transparent fee structure for withdrawals, ensuring clients are aware of any applicable charges prior to initiating a withdrawal request.

  

7. Customer Support and Educational Resources

  Samarth Investments prides itself on delivering exceptional customer support to its clients. The broker offers various support channels, including:

  • Phone Support
  • Email Support
  • Live Chat
  • Social Media Platforms

  Customer service is available during business hours, with dedicated teams ready to assist clients across different time zones. The broker also provides multi-language support, catering to a diverse clientele.

  In terms of educational resources, Samarth Investments offers a wide range of materials, including:

  • Webinars: Regularly scheduled sessions covering various trading topics.
  • Tutorials: Comprehensive guides for beginners and experienced traders alike.
  • E-books: In-depth resources on trading strategies and market analysis.

  Additionally, clients can access market analysis services, which include daily market updates, news, and research reports to help inform their trading decisions.

  The broker provides various trading tools, such as calculators, economic calendars, and signal services, enhancing the trading experience for its clients.

  

8. Regional Coverage and Restrictions

  Samarth Investments primarily serves clients in India, with branch offices located in major cities such as Mumbai, Bangalore, and Udupi. The broker aims to expand its footprint further within the country, enhancing its service offerings to meet the demands of local traders.

  However, certain geographical restrictions apply. Samarth Investments does not accept clients from regions where it is not licensed to operate, which may include countries with stringent regulatory frameworks or those under economic sanctions.

  The broker maintains compliance with local laws and regulations, ensuring that its operations align with the legal requirements of the jurisdictions it serves.

  In summary, Samarth Investments stands out as a reputable broker in the Indian financial market, offering a comprehensive suite of services tailored to meet the diverse needs of its clients. With a commitment to regulatory compliance, a wide range of trading products, and robust customer support, Samarth Investments is well-positioned to support traders in achieving their financial goals. This makes the samarth broker a reliable choice for both novice and experienced traders alike.

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Samarth Forex Broker has an overall rating of 1.41, Regulatory Index 0.00, License Index 0.00, Business Index 6.26, Software Index 4.00 Risk Control Index 0.00.