Not Regulated

Score

0 1 2 3 4 5 6 7 8 9

/10

SDSSBPL

India | 5-10 years |

Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

https://www.sugalshare.com/

Website

Open Account Now Time Machine

Rating Index

1.58

Contact

+91 28587105-108

https://www.sugalshare.com/

CITY CENTRE PLAZA, I FLOOR, NO.7, ANNA SALAI, CHENNAI 600 002

Forex License

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!

2026-05-21

This broker lacks valid forex regulation. Please be aware of the risk!

Basic Information

Registered Region

India

Operating Period

5-10 years

Company Name

Sugal & Damani Share Brokers Ltd

compliance@sugalshare.com

Contact Number

+9128587105108

Company Website

https://www.sugalshare.com/

Verified Site

Relationship Map

Related Companies

Employees

About Us

Wiki Q&A

Comment

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Details

Official Website

Verified Site

sugalshare.com
167.114.73.153
Server Location
Canada
ICP Registration No.
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SDSSBPL

Related Companies

SUGAL & DAMANI SHARE BROKERS LIMITED(India)

Active

India

Registration No. L65991TN1993PLC028228

Est. Date 2019-01-17

Source Official Statement

Employees

DHAKSHAYANI

Others

Appointment Date

2019-03-27

Status

Current Employee

SUGAL & DAMANI SHARE BROKERS LIMITED(India)

RADHIKA MAHESHWARI

Others

Appointment Date

2017-08-25

Status

Current Employee

SUGAL & DAMANI SHARE BROKERS LIMITED(India)

DHANESH MRINALINI

Others

Appointment Date

2015-03-31

Status

Current Employee

SUGAL & DAMANI SHARE BROKERS LIMITED(India)

Review summary

Sugal & Damani Share Brokers Ltd (SDSSBPL) is a financial entity registered in India, with an operational history of 5 to 10 years. According to WikiFX data, the firm holds no valid authoritative forex trading licenses and is categorized as operating without regulatory oversight. Its WikiFX score of 1.57 reflects the significant risks associated with its unregulated status, including the absence of client fund protection and formal dispute resolution mechanisms. Investors should be aware that engaging with this broker involves high inherent risk due to the lack of financial supervision. Note: Regulatory status, trading conditions, and risk assessments may vary by jurisdiction. The WikiFX score reflects currently available information.Please verify all entity details independently before trading. (Updated: 2026-04-14)

Company Profile

5-10 years
Questionable Regulatory License
Suspicious Operational Region
High Potential Risk

Wiki Q&A

Is SDSSBPL safe and reliable?

According to WikiFX data, SDSSBPL (Sugal & Damani Share Brokers Ltd) has a very low WikiFX score of 1.57, which indicates a severe risk profile. The firm operates without any valid authoritative forex trading licenses and is categorized as having no regulatory oversight. The absence of client fund protection and formal dispute resolution mechanisms means this broker cannot be considered a safe or reliable entity for forex trading.

04-14

United States

Is SDSSBPL regulated?

No. According to WikiFX data, SDSSBPL holds no valid regulatory licenses from any major financial authority for forex trading. The firm is registered in India but its regulatory status is listed as 'No Regulation' for the provision of brokerage services.

04-14

United States

What is the minimum deposit of SDSSBPL?

Minimum deposit information for SDSSBPL is not publicly disclosed. The lack of transparent account information is common among unregulated entities, which underscores the importance of verifying all trading conditions directly with a broker before committing funds.

04-14

United States

Does SDSSBPL support MT4 or MT5?

Based on the available data, there is no indication that SDSSBPL offers the MetaTrader 4 (MT4) or MetaTrader 5 (MT5) platforms. The software index score provided for the broker is not associated with these industry-standard trading platforms, suggesting clients may be limited to proprietary or less common software.

04-14

United States

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