About Elite Wealth
Company Profile
Elite Wealth (elitewealth.in) is an Indian financial services company registered in Delhi. According to official records, the entity was founded on July 2, 2019, and holds a SEBI registration (INZ000186539) as a stockbroker. The firm operates as a member of major Indian exchanges including NSE, BSE, MCX, and NCDEX, and provides depository services through NSDL and CDSL.
The company presents itself as a full-service brokerage catering to retail and institutional clients. Its registered address is S-8, DDA Shopping Complex, Near Jeevan Anmol Hospital, Mayur Vihar Phase-1, Delhi-110091. FXCanary notes that while the website claims 35+ years of experience, incorporation records show 2019, suggesting a possible association with a pre-existing group.
Regulation and Licensing
Elite Wealth is registered with the Securities and Exchange Board of India (SEBI) under registration number INZ000186539. This license authorizes the firm to act as a stockbroker in the cash, derivative, and commodity segments. The broker is also a member of the National Stock Exchange, BSE, Multi Commodity Exchange, and National Commodity and Derivatives Exchange.
It is important to note that Elite Wealth does not appear to hold a separate forex trading license. The SEBI registration covers securities and commodity derivatives, not retail leveraged forex/CFD trading. Traders seeking forex exposure should verify the broker's scope of services.
Account Types and Platforms
Based on available information, Elite Wealth offers standard stockbroking accounts for equity, derivatives, and commodity trading. The broker's primary trading platform is the 'Elite Empower' mobile app, which supports Android and iOS devices. The app provides features such as real-time market data, charting tools, and order execution.
Additionally, the website mentions advanced brokerage plans and margin trade funding (MTF) facilities, allowing clients to trade with borrowed funds against a margin. Specific account tiers, minimum deposits, and fee structures are not detailed on the public website.
Target Audience
Elite Wealth appears to target Indian resident investors and traders interested in domestic stock markets and commodities. The firm's offerings are suited for both beginners and experienced participants, given the range of products from cash equities to derivatives.
The broker also emphasizes a client-first approach, with a focus on transparent and compliant services. However, the lack of clear information on international trading or forex products suggests that Elite Wealth is primarily a domestic-oriented stockbroker.
Overview compiled by FXCanary from regulatory records and public data. full Elite Wealth review