About Kalpataru
Introduction to Kalpataru Multiplier Ltd.
Kalpataru Multiplier Ltd. is an Indian stockbroking and investment advisory firm based in Bhopal, Madhya Pradesh. The company operates under the brand name 'Kalpataru' and was founded on July 8, 2019, according to regulatory records. It is regulated by the Securities and Exchange Board of India (SEBI), holding a forex trading license (AGN) with a regulated status. The broker's official website is kalpatarumulti.com, and it maintains a presence on social media platforms including Facebook, Instagram, and LinkedIn.
Regulatory Status and Licensing
Kalpataru Multiplier Ltd. is registered with SEBI, India's primary securities market regulator. The firm holds a forex trading license (AGN), indicating it is authorized to deal in foreign exchange as part of its broking activities. The company's registered address is at Kalpataru House, 18 Itwara, Bhopal (MP) - 462001, India. While SEBI regulates the securities market, traders should be aware that the broker's forex activities fall under SEBI's oversight, which includes currency derivatives traded on recognized exchanges.
Services Offered
The broker offers a range of financial services primarily focused on equity, derivatives, and commodity trading. It provides online share broking through its platform, along with investment advisory services. Additionally, Kalpataru facilitates depository services, mutual fund distribution, IPO investments, and various financial products including bonds, NPS, and tax-saving schemes. The firm also offers pan-card services and a mobile app for trading, aiming to provide a comprehensive investment solution.
Trading Platform and Products
Kalpataru Multiplier Ltd. offers trading in equities, futures and options (F&O), and commodity derivatives through the BSE and NSE exchanges. The broker's website mentions currency derivatives and the ability to trade through a VSAT-based system. The firm provides a mobile app for share trading, available on Google Play and the App Store. The broker does not appear to offer retail FX/CFD trading beyond the regulated currency derivatives on Indian exchanges.
Customer Support and Operations
The broker has dedicated support teams for various operational areas, including technical support, account back office, DP back office, and trading support. Contact is available via phone, email, and a corporate office in Bhopal. The broker also outlines a risk management policy to manage trading risks and ensure client protection. Payment methods include online transfers and bank deposits to specified accounts for different segments.
Target Audience
Kalpataru Multiplier Ltd. targets Indian investors and traders looking for a full-service stockbroking experience. Its services cater to both retail and high-net-worth individuals interested in equity, derivatives, commodities, and mutual funds. The broker's physical presence in Bhopal and focus on personalized service suggests a regional customer base, though its online platform may attract clients from across India.
FXCanary Scam Risk Score
FXCanary has assigned Kalpataru Multiplier Ltd. a scam risk score of 27 out of 100, indicating a 'Guarded' level of risk. This score is based on the broker's regulatory status and available public information. While the firm is regulated by SEBI, the relatively low score reflects limited independent reviews and the need for traders to exercise caution and conduct their own due diligence before engaging with the broker.
Overview compiled by FXCanary from regulatory records and public data. full Kalpataru review