About Hem Securities
Who Is Hem Securities?
Hem Securities is an Indian financial services firm based in Jaipur, Rajasthan, with a corporate office in Mumbai. The company was established in 2019 (though its website claims a 40-year legacy, suggesting an earlier founding date of around 1983–1984, possibly under a different name). It operates as a diversified securities firm offering stock broking, depository services, investment banking, IPO management, portfolio management, and research.
The firm is registered with the Securities and Exchange Board of India (SEBI) as a stock broker under registration number INZ000168034 (BSE). It is also a corporate entity with CIN U67120RJ1995PLC010390. Despite its SEBI registration, Hem Securities is not regulated as a forex broker or CFD provider; its services are limited to Indian securities markets and related instruments.
Regulation and Trust Considerations
Hem Securities holds a SEBI registration for stock broking, which provides a baseline of regulatory oversight for its equity and derivative offerings. However, it does not hold any specific forex broker license (e.g., from the Reserve Bank of India for forex trading). Its FXCanary Scam Risk Score is 43/100, categorised as 'Guarded', indicating potential risks typical of smaller or less transparent brokers.
Traders should note that while SEBI registration adds credibility, it does not cover all activities, and the firm's operations are primarily domestic. The absence of independent user reviews and limited public information outside its own website are additional cautionary signals.
Trading Platforms
Hem Securities offers two main trading platforms: the Hem TradeStar mobile app and a web trader platform. The mobile app is promoted as a next-generation, millennial-friendly interface with features such as live portfolio tracking, advanced charting, screeners, scanners, real-time research, and algo trading. The web trader is accessible from any device without additional software installation.
Both platforms support trading across equity, futures & options, commodities, and currency segments. The broker emphasises a fast, user-friendly experience and claims to consolidate back-office reports directly within the app. There is no mention of MetaTrader or third-party platforms.
Account Types and Fees
Hem Securities simplifies its account structure with a single type of trading and Demat account. According to its website, account opening is free and paperless, with no annual maintenance charges for the first year. The brokerage fee is a flat ₹20 per order across all segments, which is notably low compared to traditional percentage-based models.
Regulatory charges such as STT, transaction charges, SEBI turnover fees, GST, and stamp duty are applicable as per standard market practices. The 'Refer and Earn' program rewards clients ₹500 per successful referral who opens an account and trades. Detailed information about margin requirements or leverage is not prominently disclosed.
Markets and Instruments
Through its SEBI-registered broking arm, Hem Securities provides access to Indian equity markets (BSE, NSE), derivatives (futures and options), commodity exchanges (MCX), and currency derivatives (CDS). The firm also offers IPO applications (including SME IPOs), mutual fund investments, and portfolio management services.
For international markets, the company claims to offer access, but specifics are limited. The currency trading segment is limited to Indian Rupee pairs (e.g., USD/INR, EUR/INR) on recognised exchanges, not spot forex with leverage. Therefore, Hem Securities is not a typical forex broker for retail currency traders.
Customer Support and Service
Hem Securities provides a support portal on its website with multiple contact options: a call-back request, demo access, and a ticketing system. Dedicated phone lines are available for IPO queries (8306006974) and other queries (9555993300). The head office in Jaipur can be reached at +91 141 4051000/01, and the Mumbai office at +91 22 49060000.
An escalation matrix lists a customer care representative, a head of customer care, and a compliance officer, all with direct contact details. The compliance officer (Ms. Kritika Rander) handles stock broker-related compliance. This structured support suggests a professional approach, though response times and quality are unverified.
Target Audience
Hem Securities is primarily aimed at Indian retail and active traders looking for low-cost stock broking and a modern mobile trading experience. Its flat ₹20 per order fee structure is attractive for high-volume traders. The emphasis on milennial-friendly design and zero-frills pricing appeals to cost-conscious investors.
The firm is less suitable for forex or CFD traders, international clients, or those seeking complex products like multicurrency accounts or cross-border trading. Its services are anchored in the Indian regulatory framework, making it a domestic-focused broker.
Overview compiled by FXCanary from regulatory records and public data. full Hem Securities review