Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
General Information
What is Farsight？
Farsight is a global financial company based in India who provides traders with access to products and services including Broking, Depository, Mutual fund, National Pension Scheme, NRI Investment, IPO. It is currently not regulated by any recognized financial authorities which may raise concerns when trading.
In the following article, we will analyze the characteristics of this financial company from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the company's characteristics at a glance.
Pros & Cons
Is Farsight Safe or Scam？
When considering the safety of a financial service company like Farsight or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a financial service company:
Regulatory sight: It is currently not regulated by any major financial authorities, which means that there is no guarantee that it is a safe platform to trade with.
User feedback: Read reviews and feedback from other clients to get an understanding of their experiences with the brokerage. Look for reviews on reputable websites and forums.
Security measures: Farsight has implemented trading stop loss as a crucial security measure to protect investments and minimize potential losses by automatically halting or selling assets if they reach a predefined threshold, ensuring enhanced risk management and safeguarding traders' capital.
Ultimately, the decision of whether or not to trade with Farsight is a personal one. You should weigh the risks and benefits carefully before making a decision.
Products & Services
Farsight offers a comprehensive range of financial products and services to cater to various investment needs.
Their diverse offerings include broking services covering equity, derivatives, currency, and commodity trading, providing clients with a platform to participate in different markets.
Additionally, Farsight facilitates depository services, allowing customers to securely hold and manage their financial assets in electronic form.
For those interested in mutual funds, Farsight offers easy access to various schemes to help grow their investments.
They also support the National Pension Scheme (NPS) with services for new registrations and contributions through Kintech and NSDL, as well as assistance with existing NPS accounts.
Moreover, Farsight caters to Non-Resident Indians (NRIs) with specialized NRI investment solutions to help them invest in Indian markets.
Lastly, the company extends its support in IPO investments, enabling clients to participate in initial public offerings and potential growth opportunities.
How to Open a Farsight Account？
Farsight provides traders with the option to open a demat account with the company without any initial balance requirement, offering a flexible and accessible investment opportunity.
To avail of the diverse range of products and services, traders are required to download the relevant forms, submit PAN card, proof of address and bank account details. Specific details about the account opening process, related fees and processing time are not fully disclosed. However, interested traders can directly reach out to the company to seek further information and assistance. This approach enables traders to explore potential investment avenues while leaving room for individual preferences and requirements.
Trading Platforms
Farsight offers a diverse range of trading platforms, including “Kunjee by Farsight,” “Farsight MF,” “Best Trading Software,” “Symphony Trading Software for 64 & 32bit,” “Mutual Fund Mobile App,” “Dotnet 457,” “XTS 3in1,” and “Closing Price Shares.” While the specific financial products and services associated with each platform are not specified on the company's webpage, interested traders can directly reach out to the company for corresponding details and personalized information. This allows traders to inquire about the features and capabilities of each platform and make informed decisions based on their unique investment needs and preferences.
Customer Service
Farsight provides multiple customer service options to assist its clients. Customers can reach out to Farsight through various channels to address their queries and concerns as below:
Address: FARSIGHT SECURITIES LTD.
17A/55, TRIVENI PLAZA, GURUDWARA ROAD, KAROL BAGH,
NEW DELHI, Pin code- 110005
Email: customercare@farsightshares.com.
WhatsApp: +91- 8595829968
As part of their comprehensive customer support services, Farsight offers a user-friendly “Contact Us” form, allowing clients to conveniently reach out to the company with their inquiries, concerns, or any assistance they may require regarding trading platforms, financial products, or other related services.
Besides of above, Farsight also maintains social media accounts such as Twitter, Facebook, YouTube, Instagram, Telegram and LinkedIn.
Moreover, Farsight has an escalation matrix in place to address customer requests that are not addressed timely, ensuring prompt resolution and enhancing customer satisfaction.
Education
Farsight empowers traders with valuable knowledge and resources, evident through their dedicated e-learning page, FAQ page, and policy link page. The e-learning page serves as a comprehensive educational hub, offering tutorials, webinars, and articles on various financial topics and trading strategies. On the FAQ page, traders can find answers to common queries, clarifying doubts and providing insights into the company's offerings and procedures. Moreover, the policy link page houses essential guidelines and risk management policies, enabling traders to stay informed about the company's policies, terms, and conditions.
Conclusion
According to available information, Farsight is a non-regulated India -based financial service company. It provides traders with a comprehensive range of financial products and services including Broking, Depository, Mutual fund, National Pension Scheme, NRI Investment, IPO. However, it is important to consider certain factors such as lack of regulations that may raise concerns, it is critical that potential clients exercise caution, conduct thorough research and seek up-to-date information directly from Farsight before making any investment decisions.
Frequently Asked Questions (FAQs)
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