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MINDEX

Moderate riskStockbroker
India · 5-10 years · since 2019-07-10 · Mindex Capital Market 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.
SEBI
Visit site ↗
—/5
★★★★★ ★★★★★
1 reviews ›
2
Licenses ›
1
Withdrawal issues ›
—
Min. deposit ›
—
Max leverage ›
0
Account types ›
41/100
Scam risk ›
0
Clone sites ›
▲ 0% positive▼ 100% negative
Independent ratingshow third parties score this broker
WikiFX1.71/10
Trustpilot—/5
Forex Peace Army—/5
🛡️ Been scammed or can’t withdraw from MINDEX? Our free assistant writes up your case and shows exactly what to do next →
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No sign that MINDEX 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.
41
Moderate risk
Scam Risk Scoremonitored · 2026-07-28
Lower riskHigher risk
  • Withdrawal complaints in ~100% of recent reviews
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 & licensing6835%
Company age2215%
Clone / impersonation012%
Withdrawal & exposure complaints1812%
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 nameMindex Capital Market Pvt. Ltd.
Headquarters India
Founded2019-07-10
Years operating5-10 years
Employees0
Official websitemindexcapital.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
1306, Padma Tower-1, Rajendra Place, New Delhi-110008

Regulation & licenses · 2

RegulatorLicense typeLicense No.RegionStatus
SEBIForex Trading License (AGN)INZ000181235India—
SEBIDerivatives Trading License (AGN)INZ000053537India—

Review analysis AI

Across 1 recent Trustpilot reviews, 100% are 1–2 star. The single most common complaint is being unable to withdraw funds (1 reports) — the classic warning sign in forex.

0
Period:
What users complain about
Where reviewers are from
Hong Kong1

Real user reviews

Where MINDEX 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 Licensed
🇭🇰 Hong Kong 1 complaint

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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About MINDEX

MINDEX is a forex and CFD broker based in India, with records dating to 2019-07-10. It reports oversight from SEBI.

FXCanary’s verdict is “Guarded.” There are enough red flags that we’d urge caution before depositing.

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