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KIFS

Moderate riskStockbroker
India · 5-10 years · since 2019-07-08 · KIFS TRADE CAPITAL PVT. LTD.
This is a stockbroker, not a leveraged forex/CFD broker — listed for reference. If you’re looking for a forex broker, see our forex broker directory.
Unregulated
Visit site ↗
—/5
★★★★★ ★★★★★
0 reviews ›
0
Licenses ›
0
Withdrawal issues ›
—
Min. deposit ›
—
Max leverage ›
0
Account types ›
45/100
Scam risk ›
0
Clone sites ›
▲ 0% positive▼ 0% negative
Independent ratingshow third parties score this broker
WikiFX1.71/10
Trustpilot—/5
Forex Peace Army—/5
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No sign that KIFS actively operates in your country (United States). If you were solicited from here, be extra cautious — it may be an unregulated approach or a clone.
45
Moderate risk
Scam Risk Scoremonitored · 2026-07-28
Lower riskHigher risk
  • No verified regulatory license on file
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing8535%
Company age2215%
Clone / impersonation012%
Withdrawal & exposure complaints012%
Offshore registration458%
Transparency (site/info/social)5010%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameKIFS TRADE CAPITAL PVT. LTD.
Headquarters India
Founded2019-07-08
Years operating5-10 years
Employees0
Official websitenew.kifstradecapital.com
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating—
Trading cost rating—
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods—
Withdrawal methods—
Instruments—
Registered address
Office Nos. PO6-01A, 01B & 01C, 6th Floor, WTC Tower-A, Block No. 51, Road 5 E, Gift City, Gandhinagar – 38235. Gujarat, India

Regulation & licenses · 0

No valid regulatory license found — high caution advised.

Review analysis AI

KIFS Trade Capital is a legitimate SEBI-registered stockbroker in India, not a forex broker. Its risk score of 45/100 (Guarded) likely reflects the regulatory gap in our records, but the broker appears compliant with Indian securities laws. Traders using KIFS should only trade Indian equities and derivatives under SEBI oversight. The absence of forex/CFD products means it does not fall into the high-risk unregulated forex category, but its stockbroking services are best suited for domestic clients only.

Best for
  • Indian equity and derivatives traders
  • Investors seeking SEBI-regulated stockbroking services
  • Clients wanting margin trading and demat facilities
Not for
  • Forex or CFD traders looking for leveraged retail FX products
  • Non-Indian residents seeking international market access
  • Traders requiring tight spreads and high leverage common in forex brokers
Period:

Real user reviews

Where KIFS operates

Active across 1 markets (by market presence). Licensing rarely covers all of them — where it isn’t locally licensed, you’re onboarded under an offshore entity with weaker protection.

🇮🇳 India

Market presence: WikiFX SkyEye · complaints: our records · licensing: official registers. Where you’re accepted is set by the broker’s own terms — always confirm before depositing.

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What KIFS says about itself as stated by the broker · not independently verified by FXCanary

About KIFS

KIFS Trade Capital Pvt Ltd presents itself as a firm that has always invested in trust, aiming to help clients do more with less. The website lists key team members including Jayesh Khandwala, Rajesh Khandwala, Vimal Khandwala as mentors, and Kushal Khandwala as Director, who completed his Masters at the University of Warwick. The broker states its vision is to follow the highest standards of ethics and compliances while facilitating trading in securities in a fair and transparent manner.

Services and Products

According to its website, KIFS offers services including stock broking, margin trading facility (MTF), mobile trading facility, mutual fund and SIP investments, and demat services. It claims to provide high-quality and dependable service through innovation and technology. The broker also mentions a structured warehouse segment and tech innovation in inventory management, though these appear peripheral to its core brokerage offerings.

Regulatory Status

KIFS states on its website that it is a member of NSE, BSE, MCX, NCDEX, and DP of NSDL. It displays a common SEBI Registration Number for NSE, BSE, MCX & NCDEX as INZ000004234, and SEBI Regn. No. for DP of NSDL as IN-DP-20-2015. The broker also lists its compliance officer and investor grievance contact details, indicating adherence to regulatory requirements for stockbrokers in India.

Contact and Support

The broker provides multiple contact channels: a call & trade line (079-69240000 to 09), account opening support, and investor complaint email (complain@kifs.co.in). Its registered office is at Office Nos. PO6-01A, 01B, 01C & 1D, 6th Floor, WTC Tower-A, Gift City, Gandhinagar – 382355, Gujarat, India. Corporate office is in Ahmedabad, and central support is at KIFS Corporate House, Iskon Ambli Road.

About KIFS

Company Overview

KIFS Trade Capital Private Limited (KIFS) is an Indian stockbroking and financial services firm established on July 8, 2019. The company is registered in Gandhinagar, Gujarat, with its registered office located in the GIFT City financial hub. It operates as a member of major Indian stock exchanges including the National Stock Exchange (NSE), Bombay Stock Exchange (BSE), Multi Commodity Exchange (MCX), and National Commodity & Derivatives Exchange (NCDEX). Additionally, it is a depository participant with NSDL.

Regulation and Licensing

KIFS is regulated by the Securities and Exchange Board of India (SEBI) as a stockbroker, holding SEBI registration number INZ000004234 for trading across NSE, BSE, MCX, and NCDEX. It also holds a SEBI registration for depository participant services (IN-DP-20-2015). Despite these registrations, our internal records mark its regulatory status as 'NONE', possibly due to incomplete data capture; however, the official website clearly demonstrates SEBI oversight. Traders should verify the registration directly with SEBI.

Products and Services

As a stockbroker, KIFS primarily offers equity and derivatives trading, margin trading facility (MTF), mobile trading, and demat services. It also provides mutual fund and SIP investment options. The broker caters to retail and institutional clients in the Indian securities market. Its margin trading policy outlines terms for cash and non-cash collateral, with leverage determined at the broker's discretion within SEBI guidelines.

Target Audience

KIFS targets Indian residents looking to invest or trade in stocks, derivatives, commodities, and mutual funds. It is not a forex or CFD broker and does not appear to offer international leveraged trading products. The broker's focus is on domestic securities markets, making it suitable for investors familiar with Indian exchanges.

Corporate Structure and Contact

The company lists key personnel including director Kushal Khandwala and compliance officer Ms. Apeksha Modi. Its corporate office is in Ahmedabad, while the registered office is in GIFT City. Support is available via phone and email during market hours, with a dedicated investor grievance mechanism. The broker also provides bank account details for client fund transactions, as required by exchanges.

Overview compiled by FXCanary from regulatory records and public data. full KIFS review