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PRB Securities
Operating status: SCAM
Website: https://www.prbsecurities.com/#
Broker violations and abnormal records
PRB Securities purports to have been in operation since 1995, boasting an alleged history of over 24 years under the regulation of the Securities and Exchange Board of India (SEBI). The broker's website advertises services for forex trading. However, it's important to note that there are no specific regulations for the forex market in India, and SEBI licenses Stock brokers in the Currency Derivative segment, not Forex brokers or Forex trading activities.
While we discovered a licensee with a name identical to PRB Securities, the records from SEBI are insufficient to confirm if this license is indeed associated with PRB Securities. Contradicting the license's validity date and the broker's claimed history, the domain name prbsecurities.com was first registered in November 2011. Even if this license were linked to PRB Securities, it's crucial to understand that as a forex broker, it would remain unregulated due to the lack of relevant regulations in India.
In summary, PRB Securities, as broker, is providing unregulated services for forex trading. Entrusting them with investors' funds is highly risky, as there are no legal protections in place to safeguard these funds. We advise against investing with PRB Securities.
PRB Securities purports to have been in operation since 1995, boasting an alleged history of over 24 years under the regulation of the Securities and Exchange Board of India (SEBI). The broker's website advertises services for forex trading. However, it's important to note that there are no specific regulations for the forex market in India, and SEBI licenses Stock brokers in the Currency Derivative segment, not Forex brokers or Forex trading activities.While we discovered a licensee with a name identical to PRB Securities, the records from SEBI are insufficient to confirm if this license is indeed associated with PRB Securities. Contradicting the license's validity date and the broker's claimed history, the domain name prbsecurities.com was first registered in November 2011. Even if this license were linked to PRB Securities, it's crucial to understand that as a forex broker, it would remain unregulated due to the lack of relevant regulations in India.In summary, PRB Securities, as broker, is providing unregulated services for forex trading. Entrusting them with investors' funds is highly risky, as there are no legal protections in place to safeguard these funds. We advise against investing with PRB Securities.
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