About Moneybee
Identity and Background
Moneybee (styled as 'Money Bee' on its website) is an Indian stockbroker headquartered in Mumbai, Maharashtra. The firm was founded on July 10, 2019, and operates from the address 303, Tower - A, Peninsula Business Park, G. K. Marg, Lower Parel (W), Mumbai 400 013.
The company presents itself as a member of both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) in the Cash and Derivatives segments. While our records do not indicate a specific forex or CFD regulator on file, the firm's exchange memberships imply registration with the Securities and Exchange Board of India (SEBI) as a stockbroker.
Regulatory Status
Our known facts list no regulators on file for Moneybee. However, its website demonstrates compliance with SEBI circulars and exchange regulations, which is standard for registered Indian stockbrokers. The firm displays investor awareness notices and details about margin collection rules as mandated by SEBI.
Traders should note that as a domestic stockbroker, Moneybee is subject to Indian securities laws. It does not appear to hold any overseas forex or CFD licenses, meaning its services are primarily aimed at Indian residents trading on local exchanges.
Products and Services
Moneybee offers equity and derivatives broking on the BSE and NSE. The website mentions support for IPO subscriptions through the ASBA mechanism, which blocks funds in the investor's bank account rather than requiring cheque payments.
The firm also provides demat account services for holding securities electronically. Contact details for client servicing, head of client servicing, and compliance officer are published on the site, indicating a structured client support framework.
Account Opening Process
To open an account, prospective clients must complete a KYC process that includes submitting identity proof (Aadhaar, passport, voter ID), address proof, PAN card, and income documentation such as bank statements or tax returns. A KYC application form must be filled with personal details and investment objectives.
The process appears to follow standard SEBI KYC norms. No information about minimum deposit requirements or account tiers is available on the website.
Key Personnel and Contact
Key management includes Managing Director Dhiren Shevantilal Shah, Director Dipti Dhiren Shah, and Compliance Officer Suprit Shah. The firm also lists authorised persons (sub-brokers) registered with exchanges.
Investor grievances can be escalated through a published matrix with contact persons for client servicing and head of client servicing. Phone numbers and email addresses are provided for each function, with operating hours of Monday to Friday excluding bank holidays.
Target Audience
Moneybee targets Indian retail and institutional investors looking to trade equities and derivatives on the BSE and NSE. The website is in English and appears designed for domestic clients.
The firm does not offer forex or CFD products, nor does it target international traders. Its focus is on traditional stockbroking services within India's regulatory framework.
Overview compiled by FXCanary from regulatory records and public data. full Moneybee review