Global Broker governance & inquiry App

Score

0123456789
.
0123456789
0123456789
/10

Wealth Discovery

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

http://www.wealthdiscovery.in

Website

Rating Index

Contact

+91 11-43444-666
info@wealthdiscovery.in
http://www.wealthdiscovery.in
1206, 12th Floor, Kailash Building K.G. Marg. Connaught Place New Delhi-110001

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 Wealth Discovery also viewed..

XM

9.04
Score
10-15 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

IC Markets

8.92
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

FXCM

9.46
Score
Above 20 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

Wealth Discovery · Company Summary

Company Name Wealth Discovery Securities Pvt. Ltd.
Regulation Not regulated; operates without government oversight
Reputation Limited information available; potential risks due to lack of regulation
Services Offered - Equity and derivatives trading
- Currency and commodities trading
- Mutual funds and ETFs
- IPO participation
- Income tax advisory
- RGESS scheme guidance
- Depository services
Customer Support Comprehensive network with a head office in New Delhi, a branch in Bareilly, and designated contact persons
Website Status Reports of an error when attempting to open an account; potential website accessibility issues
Risk Assessment Considerable risk associated with lack of regulatory oversight; potential for fraudulent or unethical practices
Recommendation Exercise caution, conduct thorough due diligence, and carefully assess risks before engaging with services
Additional Notes Limited information available about the company's background and history

Overview

Wealth Discovery Securities Pvt. Ltd. is a financial services provider that operates without regulatory oversight, posing potential risks due to the absence of government supervision. The company offers a range of financial services, including equity and derivatives trading, currency and commodities trading, mutual funds, ETFs, IPO participation, income tax advisory, RGESS scheme guidance, and depository services. While Wealth Discovery maintains a comprehensive customer support network, with offices in New Delhi and a branch in Bareilly, it has faced reports of website errors, raising concerns about website accessibility. Given the lack of regulation, potential clients are strongly advised to exercise caution, conduct thorough due diligence, and assess associated risks carefully before engaging with the company's services. Additionally, limited information is available about the company's background and history, further emphasizing the importance of thorough research and consideration.

Overview

Regulation

Wealth Discovery is not regulated, which means that it operates without oversight or supervision from any government or financial authority. This lack of regulation can pose significant risks to investors and consumers, as there are no safeguards in place to protect their interests. Without regulatory oversight, Wealth Discovery may not be held accountable for any fraudulent or unethical practices, potentially leading to financial losses for individuals who engage with their services. It is essential for individuals to exercise caution and conduct thorough due diligence when considering any financial or investment opportunities that are not subject to regulatory scrutiny.

Regulation

Pros and Cons

Wealth Discovery offers a wide array of financial services to meet the diverse needs of its clients, ranging from equity and derivatives trading to tax advisory and depository services. However, it's important to note that the company operates without regulatory oversight, potentially exposing investors to greater risks due to the absence of regulatory safeguards. Additionally, users have reported encountering issues with the website's account opening process, which raises concerns about accessibility and server functionality. Nevertheless, Wealth Discovery maintains a comprehensive customer support network to assist clients, with offices in New Delhi and a branch in Bareilly, demonstrating a commitment to addressing client needs and valuing their feedback.

Pros Cons
  • Diverse Range of Financial Services
  • Lack of Regulatory Oversight
  • Expertise in Equity and Derivatives
  • Website Account Opening Error
  • Access to Currency and Commodity Markets
  • Limited Information on Company's Background and History
  • Mutual Fund and ETF Investment Options
  • Risk Associated with Unregulated Financial Services
  • Assistance with IPO Participation
  • Potential for Fraudulent or Unethical Practices without Oversight
  • Income Tax Advisory Services
  • Absence of Safeguards to Protect Investors' Interests
  • Support for RGESS Scheme
  • Need for Caution and Thorough Due Diligence When Engaging with Wealth Discovery Services
  • Deposi utory Services
  • Comprehensive Customer Support Network

In summary, while Wealth Discovery provides a diverse range of financial services and maintains an accessible customer support network, potential clients should be cautious due to the lack of regulatory oversight and the reported issues with the website's functionality. It is advisable to conduct thorough due diligence and carefully assess the associated risks before engaging with their services.

Products and Services

Wealth Discovery offers a wide range of financial services to cater to the diverse needs of its clients. Here's a brief description of the services they provide:

  1. Equity: Wealth Discovery assists clients in investing in the stock market by providing research, analysis, and guidance on individual stocks and equities.

  2. Equity Derivatives: They offer expertise in trading and managing equity derivatives such as futures and options to help clients hedge risk or speculate on price movements.

  3. Currency: Wealth Discovery provides services related to foreign exchange and currency trading, enabling clients to engage in forex markets and manage currency risk.

  4. Commodities: Clients can access commodities trading services, allowing them to invest in a variety of commodities, including metals, energy, and agricultural products.

  5. Mutual Funds: Wealth Discovery offers recommendations and investment solutions in mutual funds, helping clients diversify their portfolios and achieve their financial goals.

  6. ETFs (Exchange-Traded Funds): They assist clients in investing in ETFs, which provide exposure to various asset classes and sectors, with the flexibility of trading them on stock exchanges.

  7. IPOs (Initial Public Offerings): Wealth Discovery may help clients participate in IPOs, allowing them to invest in newly issued shares of companies going public.

  8. Income Tax Advisory: They provide tax planning and advisory services to help clients optimize their tax liabilities and comply with tax regulations efficiently.

  9. RGESS (Rajiv Gandhi Equity Savings Scheme): Wealth Discovery may offer guidance and investment solutions under the RGESS scheme, which provides tax benefits to eligible investors in Indian equities.

  10. Depository Services: Wealth Discovery assists clients in opening and managing demat accounts, facilitating the safe and secure storage of securities in electronic form.

Overall, Wealth Discovery aims to provide comprehensive financial services, helping clients manage and grow their wealth while also offering expert guidance on taxation and regulatory compliance. It's essential for clients to thoroughly understand the services offered and their associated risks before engaging with Wealth Discovery or any financial service provider.

Products-Services

Account Opening

When attempting to open an account on the website ekyc.wealthdiscovery.in, users encounter an error message that states: “This site cant be reached. ekyc.wealthdiscovery.in unexpectedly closed the connection,” which is suspicious and may indicate potential issues with the website's accessibility or server functionality.

Account -Opening

Customer Support

Wealth Discovery offers a comprehensive customer support network to assist its clients and address their needs effectively. The head office, located in Connaught Place, New Delhi, serves as the primary contact point and can be reached via telephone or email. Sachin Bansal is the designated contact person for inquiries at the head office. Additionally, the depository services also have a presence in the same location, providing further assistance through telephone contact with Pooja Malhotra. For clients in Bareilly, there is a dedicated branch with contact information, offering localized support. Wealth Discovery values client feedback and provides a platform for suggestions, demonstrating its commitment to improving its services based on customer input. Overall, the company maintains a structured and accessible customer support system to cater to the needs of its clients across different locations.

Customer -Support

Summary

Wealth Discovery is a financial services provider offering a diverse range of services, including equity and derivatives trading, currency and commodities trading, mutual funds, ETFs, IPO participation, income tax advisory, and depository services. However, it's important to note that Wealth Discovery operates without regulatory oversight, which may pose risks to investors due to the absence of safeguards and accountability mechanisms. Additionally, their website's account opening process currently displays an error message, raising concerns about accessibility and server functionality. The company maintains a comprehensive customer support network, with a head office in New Delhi and a branch in Bareilly, providing assistance and valuing client feedback. Potential clients should exercise caution, conduct due diligence, and consider the implications of the lack of regulation when engaging with Wealth Discovery's services.

FAQs

Q: Is Wealth Discovery regulated by any financial authority?

A: No, Wealth Discovery is not regulated, which means it operates without oversight from government or financial authorities.

Q: What services does Wealth Discovery offer?

A: Wealth Discovery provides a range of financial services, including equity and derivatives trading, currency and commodities trading, mutual funds, ETFs, IPO participation, income tax advisory, and depository services.

Q: I encountered an error when trying to open an account on ekyc.wealthdiscovery.in. What should I do?

A: If you encounter the “This site cant be reached” error, it may indicate server issues. You can try checking your internet connection, proxy settings, or contact customer support for assistance.

Q: Where is the main customer support office of Wealth Discovery located?

A: The primary customer support office is in Connaught Place, New Delhi. You can reach them via telephone or email.

Q: Is there a branch office of Wealth Discovery in Bareilly?

A: Yes, there is a branch located in Bareilly, Uttar Pradesh, which provides localized support for clients in that region.

Broker Information

Company Name

Wealth Discovery Group

Company Abbreviation

Wealth Discovery

Regulatory Status

No Regulation

Platform registered country and region

India

Phone of the company
  • +91 11-43444-666

Twitter
Facebook
Instagram

--

YouTube

--

Company address
  • 1206, 12th Floor, Kailash Building K.G. Marg. Connaught Place New Delhi-110001

  • 126 -127 Ratandeep Complex, Civil Lines, Bareilly, UP, 243001

Linkedin
WhatsApp

--

QQ

--

WeChat

--

Customer Service Email Address
  • info@wealthdiscovery.in

Company Summary

User Reviews

Sort by content

  • Sort by content
  • Sort by time

User comment

1

Comments

Write a review

Xayer
more than one year
Wealth Discovery disappoints with high fees, a less intuitive interface, and limited educational resources. Customer support is responsive but lacks depth, and the asset variety is not as extensive as some competitors. Overall, it falls short of offering an optimal forex trading experience.
2023-12-28 18:05
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