Global Broker governance & inquiry App

Score

0123456789
.
0123456789
0123456789
/10

Dealmoney

India|5-10 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://www.dealmoneyonline.com

Website

Rating Index

Influence

Influence

C

Influence index NO.1

India 4.57

Surpassed 74.18% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

customercare@Dealmoney.in
https://www.dealmoneyonline.com
Plot No. 356/357, Wagle Industrial Estate, Road no. 26, Near Wagle Bus Depot, Thane west 400 604, Thane, Maharashtra - 400604
https://www.facebook.com/DealmoneySecurities/

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Check whenever you want

Download App for complete information

Warning: Low score, please stay away!
Previous Detection : 2024-03-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Users who viewed Dealmoney also viewed..

XM

9.04
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

HFM

8.25
Score
10-15 yearsRegulated in CyprusMarket Making(MM)MT4/5 full license
Official website

FP Markets

8.87
Score
15-20 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

GO MARKETS

8.97
Score
Above 20 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

Dealmoney · Company Summary

Attribute Details
Company Name Dealmoney Securities Private Limited
Services Offered Equity Trading, Commodity Trading, Currency Trading, Options, Futures, Forex
Excluded Services Mutual Funds, Banking Services, SIP, Insurance, Stock Recommendations, Robo Advisory, Portfolio Management Services (PMS), 3 in 1 Account
Trading Platforms Dealmoney Pro, Dealmoney Online, Call & Trade, Dealmoney Touch
Customer Support Contacts Gauri George (Customer care), Jigar Gupta (Head of Customer Care), Anil Bapardekar (Compliance Officer and CEO/Designated Director)
Regulatory Status Unregulated
Head Office Location Thane West, Maharashtra, India
Establishment Year 2005
Founder Dishant Sagwari

Overview

Dealmoney Securities, a privately-owned company headquartered in Thane, Maharashtra, was established in 2005 by its founder Dishant Sagwari. This firm operates as a Full-Service Broker, dedicated to delivering cost-effective solutions for facilitating buying and selling orders, potentially helping investors reduce transaction costs when compared to Discount Brokers. Notably, Dealmoney Securities combines elements of a Full-Service and Discount Brokerage, offering not only comprehensive investment guidance but also conducting thorough stock analysis for its clientele. As a private trading company, it emphasizes personalized service. In essence, Full-Service Brokers like Dealmoney Securities provide extensive investment advice and conduct in-depth stock analysis for their clients, often associated with relatively higher brokerage fees.

Overview

Regulation

Dealmoney operates as an unregulated broker, which means it is not subject to oversight by any financial regulatory authorities. While unregulated brokers can offer a certain degree of flexibility and potentially lower fees, they also come with significant risks for investors. Without regulatory supervision, there is a lack of transparency and accountability in the operations of such brokers, making it easier for them to engage in unethical or fraudulent activities. Investors should exercise caution and conduct thorough due diligence before considering any financial transactions with unregulated brokers like Dealmoney. It is advisable to choose regulated and reputable financial institutions or brokers to ensure the protection of your investments and compliance with industry standards and regulations.

Regulation

Pros and Cons

Pros Cons
Offers a wide range of trading products including equity, commodity, currency trading, futures, and options. Operates as an unregulated broker, lacking oversight from financial regulatory authorities.
Multiple trading platforms like Dealmoney Pro, Online, and Touch, catering to various user preferences. Does not offer some investment services such as Mutual Funds, SIPs, and Banking.
Comprehensive customer support with dedicated personnel for different client needs. Potential risks associated with unregulated brokers, including less transparency and accountability.
User-friendly experience with simplified trading processes and educational resources for traders. Might not be suitable for investors who prefer the security of regulated brokerage services.
Offers personalized service, aligning with the needs of individual clients. Limited to certain financial instruments, possibly requiring clients to use external sources for certain investments.

The table highlights the key advantages and disadvantages of using Dealmoney Securities for trading and investment purposes. While the firm excels in offering a wide range of products and user-friendly platforms, the lack of regulatory oversight and limited investment options are notable drawbacks. Potential clients should weigh these factors against their individual trading needs and risk tolerance.

Products and Services

Dealmoney Securities offers a range of financial products and services to its clients. Their product offerings include:

  1. Equity Trading: Allows clients to buy and sell shares in publicly traded companies.

  2. Commodity Trading: Involves the trading of assets like gold, silver, oil, and agricultural products.

  3. Currency Trading: Enables trading in various global currencies.

  4. Options and Futures: These are derivative instruments that derive their value from an underlying asset. Options give the right, but not the obligation, to buy or sell at a predetermined price, while futures are contracts to buy or sell at a future date at an agreed price.

  5. Forex: This is the trading of foreign currencies on the foreign exchange market.

Products-Services

However, Dealmoney Securities does not offer Mutual Funds, Banking services, Systematic Investment Plans (SIP), Insurance, Stock Recommendations, Robo Advisory, Portfolio Management Services (PMS), or a 3 in 1 Account (combining banking, trading, and demat).

The services provided by Dealmoney Securities include:

  1. Demat Services: Offering a facility to hold securities electronically.

  2. Trading Services: Enabling the buying and selling of securities.

  3. IPO Services: Assisting clients with the process of investing in Initial Public Offerings.

  4. Intraday Services: Providing facilities for day trading, where clients buy and sell securities within the same trading day.

  5. Trading Institution: Offering educational resources and training for traders.

  6. Trading Exposure: Providing up to 5X exposure, which means clients can trade with amounts multiple times their account balance.

These products and services are designed to cater to the diverse needs of their clients, ranging from basic trading to more complex financial instruments. The company does not provide some services like stock recommendations or robo advisory, which means clients might need to rely on external sources or their own research for investment decisions. Nevertheless, with the range of trading options and support services available, Dealmoney Securities equips its clients to make informed investment choices in the trading market.

How to open an account?

Opening a Demat account with Dealmoney Securities is a straightforward process, involving a few simple steps:

  1. Registration:

  • Begin by registering for a new account. This is typically done online on the Dealmoney Securities website.

  • Look for an “Open Demat Account” button or a similar option and click on it to initiate the registration process.

  1. Filling the Application Form:

  • Once you have initiated the registration process, you'll be required to fill out an application form.

  • The form will likely ask for personal details, contact information, and financial information. Ensure all the information provided is accurate to avoid any issues in the verification process.

  1. Document Submission:

  • You will need to submit a set of documents for the purpose of identity and address verification.

  1. The required documents usually include:

  • Aadhar Card (for address and identity verification)

  • PAN Card (mandatory for financial transactions and tax-related purposes in India)

  • Additional documents for address proof (like utility bills, bank statements, etc.)

  • Identity proof documents (if required in addition to the Aadhar Card)

  • One recent photograph.

  1. Verification Process:

  • After submitting the application and documents, an agent from Dealmoney Securities will contact you. This contact is typically for the purpose of verifying the details you have submitted.

  • The verification process might also involve confirming your documents and possibly conducting a basic background check.

  1. Account Activation:

  • Once the verification is successfully completed, your Demat account will be activated.

  • You should receive confirmation of this, along with details on how to operate your new Demat account, either through email, SMS, or a direct call from the company.

  1. Start Using the Account:

  • After your account is activated, you can start using it to trade and invest in securities.

    •  account

Throughout the process, ensure that the details provided are accurate and the documents submitted are up to date. This will streamline the verification process and lead to a smoother account opening experience. It's also advisable to familiarize yourself with the terms and conditions associated with the Demat account, including any fees, charges, and operational guidelines provided by Dealmoney Securities.

Leverage

Dealmoney Securities offers varying levels of exposure or leverage across different financial products, enabling clients to trade with amounts larger than their account balances. This leverage allows for potentially higher profits, but also comes with increased risk. Here is a breakdown of the leverage provided by Dealmoney Securities for different products:

  1. Equity Delivery: Up to 2X leverage. This means if a client has a certain amount in their account, they can purchase stocks worth up to twice that amount for delivery-based trades.

  2. Equity Intraday: Up to 5X leverage. For intraday trading in equities, where the positions are squared off within the same trading day, clients can trade with up to five times their account balance.

  3. Equity Futures: Up to 3X leverage. In trading equity futures, clients can take positions up to three times their account value.

  4. Equity Options: Up to 5X leverage. When trading in equity options, clients can get leverage similar to equity intraday, allowing for significant trading positions.

  5. Currency Futures and Currency Options: Up to 3X leverage for both. This applies to trades in the currency market, whether in futures or options.

  6. Commodities: Up to 3X leverage. Commodity trading, involving assets like gold, silver, or oil, also allows for triple the trading capacity compared to the clients account balance.

The Margin Calculator provided by Dealmoney Securities likely aids clients in calculating the required margin for these leveraged positions, ensuring they understand their potential commitments and risks.

It's important to note that while leverage can amplify gains, it also magnifies losses if the market moves against the trader's position. As such, clients should use leverage judiciously and be aware of the risks involved in trading with borrowed funds. The highest leverage offered by Dealmoney Securities is in Equity Intraday and Equity Options trading, both at 5X, allowing for significant trading positions but also entailing higher risk. Equity Delivery trading, on the other hand, has a more conservative leverage of 2X, reflecting the typically lower risk associated with longer-term stock holdings.

Trading Platforms

Dealmoney provides a range of trading platforms, each designed to cater to different aspects of trading and investment needs:

  1. Dealmoney Pro:

    • Provides latest news, reports, and real-time updates, which are crucial for making informed trading decisions.

    • Allows users to open an account and create a portfolio, enabling easy management and tracking of investments.

    • Offers detailed monitoring of holding accounts, including scrip-wise buy price, days gain or loss, and overall profit or loss. This feature is particularly useful for investors to keep track of their portfolio's performance.

    1. Features:

      Trading-Platforms
    2. Functionality: This is a comprehensive application that seems to be designed for active and informed trading.

  2. Dealmoney Online:

  • Platform Type: A web-based trading platform.

  • User Interface: Simplified interface designed for efficient management of portfolios and trading.

  • Accessibility: Accessible through the website dealmoneyonline.com, making it convenient for users to trade and stay updated on market movements from anywhere with internet access.

  1. Call & Trade:

  • Purpose: Ideal for situations where access to a device or computer is not possible.

  • Service: Offers the ability to execute trades over a phone call, providing a vital alternative for trading activities in fast-paced or mobile scenarios.

  1. Dealmoney Touch:

  1. Platform: A mobile application available for smartphones.

  • Features:

  • Facilitates trading and investment on the go, making it highly convenient for users who are mobile or prefer using a smartphone.

  • Offers more than just trading; it provides share ideas and personalized advisory on market trends. This could be beneficial for users looking for guidance and actionable insights to maximize their returns.

    • platform

Each of these platforms is tailored to meet various trading requirements and preferences. Dealmoney Pro is feature-rich and suitable for those who need comprehensive tools and information. Dealmoney Online provides a user-friendly web interface for general trading needs. Call & Trade service is a convenient alternative for those unable to access digital platforms, while Dealmoney Touch caters to mobile users, offering trading and additional advisory services on the move. This diversity in trading platforms ensures that Dealmoney meets the needs of a wide spectrum of clients, from active traders to those needing assistance or trading on the go.

Customer Support

Dealmoney Securities provides a well-structured customer support system, ensuring that clients have access to assistance and guidance for their queries and issues. The main contact point for customer care is Gauri George, reachable at the registered address in Thane West, Maharashtra, and can be contacted at 022-4184 2325 or via email at jigar.gupta@dealmoney.in. The Head of Customer Care is Jigar Gupta, available at the same address and contact number, and can be reached at customercare@dealmoney.in. Additionally, for compliance-related queries, Anil Bapardekar serves as the Compliance Officer and CEO/Designated Director, also located at the Thane West address, and can be contacted at 022-4184 2270 or anil.bapardekar@dealmoney.in. The customer care operates from Monday to Friday, from 9:30 A.M. to 5:30 P.M., and on the 1st and 3rd Saturdays of the month from 9:00 A.M. to 5:30 P.M. This comprehensive support structure, with designated officials for various roles, ensures that clients receive timely and efficient assistance for all their trading and investment needs with Dealmoney Securities.

Customer-Support

Summary

Dealmoney Securities, established in 2005 by Dishant Sagwari and headquartered in Thane, Maharashtra, is a full-service broker offering a unique blend of services akin to both Full-Service and Discount Brokerages. It provides a range of financial products like equity, commodity, and currency trading, along with futures and options, while also offering services such as Demat, trading, and IPO services. Notably, Dealmoney operates as an unregulated broker, presenting flexibility and potential risks. The firm offers multiple trading platforms tailored to different user needs, including Dealmoney Pro, Dealmoney Online, Call & Trade, and Dealmoney Touch, each with specific features catering to various trading styles and requirements. Their customer support system is comprehensive, with dedicated personnel for different client needs, ensuring effective communication and assistance. Despite its broad offerings, Dealmoney does not provide some services like Mutual Funds and SIPs, necessitating clients to depend on external sources for these investments.

FAQs

Q1: How can I open a Demat account with Dealmoney Securities?

A1: To open a Demat account, visit the Dealmoney Securities website, click on the “Open Demat Account” button, fill out the application form, submit necessary documents (Aadhar Card, PAN Card, address proof, identity proof, and a photograph), and undergo a verification process. Once verified, your account will be activated, and you can start trading.

Q2: What types of financial products does Dealmoney Securities offer?

A2: Dealmoney Securities offers a range of products, including Equity Trading, Commodity Trading, Currency Trading, Options, Futures, and Forex trading. However, they do not offer Mutual Funds, SIPs, or Banking services.

Q3: What are the trading platforms available at Dealmoney Securities?

A3: Dealmoney Securities provides several trading platforms: Dealmoney Pro, a comprehensive application with news and portfolio management; Dealmoney Online, a web-based trading platform; Dealmoney Touch, a mobile app for trading on the go; and Call & Trade service for executing trades over phone calls.

Q4: What kind of customer support does Dealmoney Securities offer?

A4: Dealmoney Securities offers a structured customer support system with dedicated personnel such as Gauri George for customer care, Jigar Gupta as the Head of Customer Care, and Anil Bapardekar as the Compliance Officer and CEO/Designated Director. They can be reached through phone and email during specified working hours.

Q5: Is Dealmoney Securities a regulated broker?

A5: No, Dealmoney Securities operates as an unregulated broker, meaning it is not subject to oversight by financial regulatory authorities. This can offer flexibility and potentially lower fees but also comes with increased risks due to the lack of regulatory supervision.

Broker Information

Company Name

Dealmoney Securities Private Limited

Company Abbreviation

Dealmoney

Regulatory Status

No Regulation

Platform registered country and region

India

Company address
  • Plot No. 356/357, Wagle Industrial Estate, Road no. 26, Near Wagle Bus Depot, Thane west 400 604, Thane, Maharashtra - 400604

Linkedin
WhatsApp

--

QQ

--

WeChat

--

Customer Service Email Address
  • customercare@Dealmoney.in

Company Summary

User Reviews

Sort by content

  • Sort by content
  • Sort by time

User comment

1

Comments

Write a review

Editer
more than one year
Dealmoney's brokerage fees are relatively low, which is a plus. However, I recently encountered a situation where dividend payments were delayed. The issue is currently being addressed, but it has been a bit of a hassle. Hoping for a swift resolution.
2024-01-08 10:12
Reply
0
0
TOP
Select Country/District
United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com