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Nikunj Stock

Moderate riskStockbroker
India · 5-10 years · since 2019-07-11 · Nikunj Stock Brokers Limited
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
★★★★★ ★★★★★
1 reviews ›
0
Licenses ›
0
Withdrawal issues ›
—
Min. deposit ›
—
Max leverage ›
0
Account types ›
46/100
Scam risk ›
0
Clone sites ›
▲ 0% positive▼ 0% negative
Independent ratingshow third parties score this broker
WikiFX1.58/10
Trustpilot—/5
Forex Peace Army—/5
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Nikunj Stock operates in your country (United States) — but holds no local license. You’d likely be onboarded under an offshore entity, which means weaker fund protection. Confirm which entity before depositing.
46
Moderate risk
Scam Risk Scoremonitored · 2026-07-28
Lower riskHigher risk
  • No verified regulatory license on file
  • No verifiable website or social-media presence
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)5310%

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 nameNikunj Stock Brokers Limited
Headquarters India
Founded2019-07-11
Years operating5-10 years
Employees0
Official websitenikunjonline.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
A-92, G. F., Left Portion, Kamla Nagar, Delhi-110007

Regulation & licenses · 0

No valid regulatory license found — high caution advised.

Review analysis AI

Nikunj Stock Brokers Limited presents itself as a full-service Indian stockbroker, but the critical absence of any regulatory registration—despite mandatory SEBI registration for Indian brokers—is a major red flag. The discrepancy in its claimed founding year (2005 vs. 2019) further undermines credibility. With an FXCanary Scam Risk Score of 46/100 (Guarded), we advise extreme caution; traders should verify the broker's legal standing independently before committing funds.

Best for
  • Indian traders seeking multi-segment stockbroking (equity, derivatives, commodities)
  • Traders comfortable with unregulated brokers (high risk)
Not for
  • Forex/CFD traders (broker does not offer retail leveraged forex)
  • Regulation-sensitive investors requiring SEBI registration
Period:
What users praise
Where reviewers are from
Vietnam1

Real user reviews

Where Nikunj Stock operates

Active across 2 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
🇺🇸 United States

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 Nikunj Stock says about itself as stated by the broker · not independently verified by FXCanary

About Nikunj Stock Brokers Limited

According to its website, Nikunj Stock Brokers Limited is a fee-based online stock brokerage company founded in 2005, providing a wide variety of products and services on web-based, exe-based, and mobile app platforms. The company claims to offer 24x7 availability and a range of trading segments including equity, intraday, futures, options, currency derivatives, and commodities.

Cost of Transaction

The broker publishes a detailed cost of transaction table covering equity delivery, equity intraday, equity futures, equity options, currency futures, currency options, commodity futures, and commodity options. Charges include STT/CTT, transaction fees, clearing member charges, and GST at 18% on brokerage and transaction charges. The table outlines specific rates for each segment, such as 0.10% STT on equity delivery buy and sell, and 0.025% on equity intraday sell side.

Trading Platforms and Account Opening

Nikunj Stock offers internet trading and a backoffice login for existing clients. Account opening is available online via a dedicated KYC portal. The broker also provides IPO services and PMS (Portfolio Management Services) login. Additionally, funds can be transferred via UPI.

Contact and Support

The company lists contact details including phone number 011-47030000 and mobile 91-8700240043. It maintains a presence on social media platforms such as Facebook, Twitter, and Instagram. A section for contact person details is also provided on the website.

About Nikunj Stock

Company Overview

Nikunj Stock Brokers Limited, trading as Nikunj Stock, is an Indian stockbroker headquartered in Delhi. The company was founded on July 11, 2019, according to official records, though its website claims a founding year of 2005. It is registered at A-92, G. F., Left Portion, Kamla Nagar, Delhi-110007. The broker positions itself as a fee-based online brokerage offering a wide array of products and services.

Regulatory Status

Our records indicate that Nikunj Stock Brokers Limited has no financial regulators on file. In India, stockbrokers are typically required to be registered with the Securities and Exchange Board of India (SEBI). The absence of any regulatory registration raises significant concerns about compliance and investor protection. Traders should exercise extreme caution when dealing with unregistered brokers.

Products and Services

The broker offers trading in multiple segments including equities (delivery and intraday), equity and currency futures and options, as well as commodity derivatives. Services are accessible via web-based, executable (exe-based), and mobile app platforms. Additionally, the company provides IPO subscription and portfolio management services through its website.

Account Types and Funding

Account opening is conducted online through a KYC portal. The broker accepts funds via UPI, as indicated on its funds transfer page. Existing clients can log in to a backoffice system for account management. Specific account tier details are not publicly disclosed on the website.

Target Audience

Nikunj Stock appears to target Indian retail traders and investors seeking a domestic stockbroker for equities, derivatives, and commodities. Its fee-based model and range of segments cater to both short-term traders and long-term investors. However, the lack of regulatory oversight makes it unsuitable for risk-averse traders.

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