Indicate

Indicate is a financial entity registered in Bangladesh, with an official domain of indicate.com.bd. According to public records, the broker was founded on 30 August 2019 and lists its registered address at 523-24 (4th Floor) Dhaka Stock Exchange (Annex Building), 9/E Motijheel C/A, Dhaka-1000, Bangladesh.

FXCanary’s review finds that Indicate does not hold any known regulatory licences from a financial authority. The absence of regulation is a significant factor for traders to consider, as it means the broker operates without mandatory oversight that protects client funds or ensures fair trading practices.

Indicate currently has no regulators on file with any financial supervisory body. This is a critical point: unregulated brokers do not offer investor protection schemes, such as compensation funds or dispute resolution services, that are typically required by reputable jurisdictions.

Traders should be aware that depositing funds with an unregulated entity carries inherent risks, including the possibility of losing the entire investment without legal recourse. FXCanary recommends that traders only deal with brokers that are licensed by a credible regulatory authority.

The company lists its registered address at the Dhaka Stock Exchange (DSE) Annex Building in Motijheel, the commercial centre of Dhaka. This location suggests a connection to the local securities market, but the exact nature of Indicate’s operations remains unclear from available public information.

Given that the broker was founded in 2019, it is a relatively young entity in the financial services space. Without verified information about its ownership, management team, or operational history, it is difficult to assess its track record or reputation.

There is scant independent information about the specific services Indicate provides. The broker’s official website (indicate.com.bd) could not be independently verified or reviewed due to lack of accessible content in our investigation.

Industry databases do not offer details on Indicate’s trading platforms, account types, instruments, or funding methods. This absence of transparent information is a red flag for traders who require clear disclosure before committing capital.

FXCanary has assigned Indicate a Scam Risk Score of 48 out of 100, classified as ‘Guarded’. This score reflects the high risk associated with the broker’s lack of regulation, limited public information, and inability to verify its operations or financial standing.

Traders are advised to exercise extreme caution and to avoid depositing funds until the broker can demonstrate regulatory compliance and transparency in its operations.

In summary, Indicate is an unregistered financial entity based in Bangladesh with no verifiable regulatory oversight. The lack of transparent information about its services, ownership, and operational history makes it a high-risk choice for traders.

FXCanary recommends that traders seek brokers that are regulated by top-tier authorities, such as the FCA, CySEC, or ASIC, and that offer clear disclosure of their products, fees, and investor protections.