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Shriram Insight

Operating status: SCAM

Website: https://shriraminsight.com/

Broker violations and abnormal records
  • Nov 29, 2022 BrokersView has Reviewed that Shriram Insight is an Unregulated Forex Broker

    Shriram Insight claims to be a retail broking arm of the Shriram Group Chennai, which has authorizations and memberships in multiple authorities, including:

    1) The Securities and Exchange Board of India (SEBI);

    2) The National Stock Exchange of India Ltd (NSE);

    3) The Multi Commodity Exchange of India Limited (MCX);

    4) The formerly Bombay Stock Exchange (BSE).

    However, none of the above authorities is forex regulator that issues licenses for forex trading or regulates entities engaging in forex.

    The truth is, Shriram Insight is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

    Shriram Insight claims to be a retail broking arm of the Shriram Group Chennai, which has authorizations and memberships in multiple authorities, including:1) The Securities and Exchange Board of India (SEBI);2) The National Stock Exchange of India Ltd (NSE);3) The Multi Commodity Exchange of India Limited (MCX);4) The formerly Bombay Stock Exchange (BSE).However, none of the above authorities is forex regulator that issues licenses for forex trading or regulates entities engaging in forex.The truth is, Shriram Insight is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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