Centillion Capital

Centillion Capital Pvt Ltd. is an Indian stockbroker headquartered in Delhi, with a registered office at 11th Floor, Aggarwal Millennium Tower-2, Netaji Subhash Place, Pitam Pura, Delhi-110034. Founded on 1 July 2019, the company operates as a securities and commodity contracts intermediary. It was formerly known as Pelf Finstock Limited and is part of a corporate family of nine companies.

The broker primarily serves Indian retail and institutional clients, offering trading and investment services in equities, derivatives, and currency futures. Its website highlights a commitment to customer support and provides a 'Call 'n' Trade' facility. However, Centillion Capital is not regulated by any financial authority and holds no forex or CFD license, which is a notable consideration for potential clients.

Centillion Capital is registered in India as a private limited company. The firm's address and contact details are consistent across its official website and public records. While it claims to follow exchange-mandated risk management and client fund segregation practices, it does not disclose membership in any major regulatory body such as SEBI (though its services imply registration as a stockbroker). The absence of independent regulatory oversight means that client protections typical of regulated brokers may not apply.

The company's founding date of July 2019 places it among relatively newer entrants in the Indian brokerage space. Its transformation from Pelf Finstock Limited suggests a rebranding, but no further historical details are publicly available from the broker itself.

Centillion Capital offers equity trading on the BSE and NSE, including cash market and delivery-based transactions. The firm also provides derivative instruments such as futures and options, with exposure limits set according to exchange margins. Additionally, it facilitates currency futures trading, which allows clients to speculate on or hedge against currency movements.

The broker's website does not mention any forex or CFD products that are typical of retail FX/CFD brokers. Instead, its offerings are limited to exchange-traded Indian securities and derivatives. This positions it as a conventional stockbroker rather than a forex or multi-asset CFD provider.

Information about trading platforms is sparse on the official website. The site references 'online trading' and provides a link to open an account, but does not specify the trading software or mobile app used. It does display live Sensex and Nifty data sourced from moneycontrol.com and financialexpress.com.

Given the lack of detail, it is unclear whether Centillion Capital offers proprietary platforms, third-party solutions, or web-based trading. Clients may need to contact the firm directly for platform specifics. This opacity is a drawback for traders who prioritize technology and user experience.

The broker does not publicly enumerate account tiers or minimum deposit requirements. Its payment page instructs clients to deposit funds only into the designated USCNBA bank account (HDFC Bank) for trading purposes. This suggests that client money is pooled in a nodal account as required by Indian stock exchanges.

Withdrawal policies and processing times are not disclosed on the website. The lack of transparent account information makes it difficult for prospective clients to evaluate the suitability of the broker's offerings. Centillion Capital does not appear to offer demo accounts or educational resources either.

Centillion Capital appears to target Indian retail investors and traders interested in domestic equity and derivatives markets. The website's content is tailored to local audiences, with references to Indian exchanges, indices, and regulatory frameworks. Services like 'Call 'n' Trade' indicate support for telephone-based trading, which may appeal to less tech-savvy clients.

However, the absence of forex or international market access means that the broker is not suitable for traders seeking global exposure. Its client base is likely limited to those comfortable with a traditional stockbroking environment and willing to accept the risks associated with an unregulated firm.

The most significant risk is the lack of regulatory oversight. Centillion Capital is not listed on any financial regulator's register, meaning clients have no recourse to a compensation scheme or ombudsman in case of disputes. The firm's FXCanary Scam Risk Score of 43/100 (Guarded) reflects this concern.

Additionally, the broker does not provide audited financial statements or ownership details beyond the director's name. Potential clients should exercise caution and verify the firm's registration status with Indian stock exchanges before committing funds. The limited online presence and absence of independent reviews further complicate due diligence.