About PATERSON
Company Profile
PATERSON is an Indian-registered forex brokerage that was founded on 4 July 2019. According to public records, its registered address is 183, Nandi Complex G Block, II floor, I Main Road, Sahakara Nagar, Bengaluru - 560092. The company maintains a Facebook and LinkedIn presence but, as of this review, does not appear to operate a widely promoted website beyond its official domain, paterson.co.in.
The firm's regulatory status is notably absent. Our records indicate that PATERSON holds no known licences from any financial regulatory authority, including the Securities and Exchange Board of India (SEBI) or any other domestic or international regulator. This lack of oversight is a significant consideration for traders evaluating the safety of their funds.
Trading Products and Platforms
Due to the limited publicly available information about PATERSON's operations, we are unable to provide details on the trading instruments, account types, or platforms it offers. The company's official website does not contain accessible information about its product suite, and independent sources do not clarify this either.
Potential clients should exercise caution when a broker does not transparently disclose its trading conditions. Without verification of spreads, leverage, or execution methods, it is impossible to assess the competitiveness or reliability of the broker's services.
Client Fund Safety and Risk
As an unregulated entity, PATERSON does not offer client fund protections such as negative balance protection, compensation schemes, or segregated accounts mandated by regulators. Indian law requires forex brokers to be registered with SEBI for dealing in derivatives; PATERSON's absence from the SEBI register suggests it may not comply with local regulations.
Traders should be aware that engaging with an unregulated broker carries elevated risk, including the potential for dispute resolution difficulties and total loss of funds. FXCanary's Scam Risk Score of 45 out of 100 reflects this guarded assessment.
Corporate Background
PATERSON is a relatively new entrant in the forex brokerage space, having been in operation since mid-2019. Its Bengaluru address places it in a major Indian tech hub, but the firm's corporate structure remains opaque. No information is available about its parent company, management team, or financial standing.
The company's social media presence appears minimal, with no significant engagement or client feedback observed. The absence of independent reviews or forum discussions further limits external verification.
Deposits and Withdrawals
No payment methods or withdrawal procedures have been published by PATERSON. Without this information, traders cannot evaluate the convenience or security of funding an account. Common industry standards include bank transfers, credit/debit cards, and e-wallets, but unregulated brokers may impose arbitrary restrictions.
We recommend that traders confirm all deposit and withdrawal terms in writing before committing funds. The lack of transparent payment policies is a red flag.
Customer Support
PATERSON's customer support channels are not clearly listed. While it has a LinkedIn page, no email, phone number, or live chat is prominently displayed. Responsive and reliable support is critical for resolving trading issues, particularly for international clients.
Until the broker provides verifiable contact information and demonstrates a track record of assistance, clients may face delays or inability to reach support when needed.
Overview compiled by FXCanary from regulatory records and public data. full PATERSON review