About Quest
About Quest
Quest is a brokerage entity registered in India, operating through the domain questgroup.in. The company was founded on 12 July 2019 and lists its registered address as 3830 Lal Kothi, Pataudi House Road, Darya Ganj, New Delhi - 110 002. According to its corporate description, Quest offers a range of financial services spanning equity, derivatives, commodities, mutual funds, IPOs, currency, and depository services.
It is important to note that, based on publicly available regulatory records, Quest does not hold any financial services licence from a regulatory authority. This absence of regulation is a significant factor for any trader or investor considering the platform. The company maintains a social media presence on Facebook, but independent user reviews are currently unavailable.
Company Background
Quest was established in July 2019, making it a relatively new entrant in the Indian financial services space. Its registered office is located in the Darya Ganj area of New Delhi, a well-known commercial district. The company describes itself as a provider of comprehensive investment solutions, catering to both individual and institutional clients.
Despite being in operation for several years, the firm’s regulatory status remains unverified. In India, entities offering securities trading, commodities, or currency derivatives are typically required to be members of recognized stock exchanges and registered with the Securities and Exchange Board of India (SEBI). However, no such registration has been identified for Quest in the regulatory databases reviewed.
Services Offered
Quest’s product suite covers a wide array of asset classes. The firm lists equity trading, derivatives (including futures and options), commodities trading, mutual fund distribution, IPO participation, currency trading, and depository services. This range suggests a full-service brokerage model aimed at investors seeking a single platform for multiple investment needs.
However, it is unclear whether the currency trading offered is limited to exchange-traded currency derivatives (common in India) or includes over-the-counter forex/CFD products. The company description does not specify leverage or margin trading, and given the unregulated status, the exact nature of these services should be approached with caution.
Account Types and Platforms
No specific information about account types, minimum deposit requirements, or trading platforms is available from the limited official sources. The website hints at online trading and a client portal ("My Quest A/c"), but detailed specifications are not publicly disclosed.
Prospective clients would need to inquire directly with the firm to understand the account opening process, fee structure, and available trading technology. The lack of transparent information is a common concern with unregulated entities.
Risk Considerations
The most prominent risk factor for Quest is its complete lack of regulatory oversight. Without a licensed regulator, clients have no recourse to an external dispute resolution mechanism or investor protection fund. This exposes traders to potential issues such as misappropriation of funds, unfair trading practices, or platform instability.
The FXCanary Scam Risk Score of 43/100 places Quest in the 'Guarded' category, reflecting the elevated risk due to the absence of regulation. Traders are advised to perform thorough due diligence and consider the implications of dealing with an unregulated brokerage.
Overview compiled by FXCanary from regulatory records and public data. full Quest review