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RIKHAV

Moderate riskStockbroker
India · 5-10 years · since 2019-07-15 · Rikhav Securities 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.
Unregulated
Visit site ↗
—/5
★★★★★ ★★★★★
0 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
🛡️ Been scammed or can’t withdraw from RIKHAV? Our free assistant writes up your case and shows exactly what to do next →
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No sign that RIKHAV 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.
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 nameRikhav Securities Ltd.
Headquarters India
Founded2019-07-15
Years operating5-10 years
Employees0
Official websiterikhav.net
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
B Wing, Office No. 501 & 502, O2 Commercial Building, Asha Nagar Park Road, Asha Nagar, Mulund West, Mumbai – 400080

Regulation & licenses · 0

No valid regulatory license found — high caution advised.

Review analysis AI

RIKHAV Securities Ltd is a registered Indian stockbroker offering equities, derivatives, and IPO services. It is not regulated for forex or CFD trading, and its operations fall under Indian securities law. Traders should note that it does not provide retail leveraged forex products and is suitable only for those comfortable with Indian market risks.

Best for
  • Indian equity and derivative traders
  • IPO investors
  • Clients seeking a domestic stockbroker with exchange membership
Not for
  • Forex or CFD traders
  • International investors
  • Traders seeking high leverage or offshore regulation
Period:

Real user reviews

Where RIKHAV 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

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

About the Company

According to its website, Rikhav Securities Ltd was first incorporated on 21st March 1995 under the name Brijmohan Sagarmal Finance Ltd and later renamed on 13th January 2006. It started full-fledged operations from April 2007 under the Companies Act, 1956. The company states it has a global vision with respect for Indian heritage, offering clients excellent infrastructure and committed assistance for financial portfolios. It claims a strong client base and a client-driven approach to problem solving.

Products and Services

The broker's website lists equity derivatives, including index futures, index options, stock futures, stock options, and currency futures, targeting both HNI and retail clients. It states it has handled over 50 successful IPOs in the last two years and was ranked No. 14 in IPO procurement ranking in 2008. It also offers equity segment (secondary market) services and is exploring algo trading.

Online Trading Platform

Rikhav Securities offers BEST (BSE Electronic Smart Trader), a hosted trading solution for BSE members and customers. The platform supports multiple exchange segments and is available via executable, browser, and mobile apps for Android and iOS. Features include real-time market data, customizable watchlists, multi-asset order execution, and real-time risk management.

Client Bank Details

The broker provides designated client bank accounts with Axis Bank, HDFC Bank, ICICI Bank, and Bank of India for cash and F&O segments. It instructs investors to only transfer funds to these accounts and not to any other accounts, as per stock exchange requirements.

Investor Presentation

An investor presentation on the site states it is prepared for information purposes only and does not constitute an offer or solicitation. It notes that no securities offering will be made except through a statutory offering document. The company makes no representation as to the accuracy or completeness of the information.

About RIKHAV

Overview

RIKHAV Securities Ltd is an Indian stockbroker based in Mumbai, registered at B Wing, Office No. 501 & 502, O2 Commercial Building, Asha Nagar Park Road, Mulund West. It was founded in 1995 and commenced full operations in 2007. The company serves both high-net-worth individuals and retail clients, offering transaction services and financial planning support. It is suitable for investors with experience in equities, derivatives, and IPO investments.

Company Background

Originally incorporated as Brijmohan Sagarmal Finance Ltd in 1995, the company renamed to Rikhav Securities Ltd in 2006. It operates under Indian company law and is a member of BSE, NSE, ICEX, and CDSL. The firm emphasizes its Indian heritage and global vision, focusing on client-centric technology and service. Annual reports and regulatory disclosures are available on its website.

Products and Services

RIKHAV provides trading in equity derivatives, including index and stock futures and options, as well as currency futures. It also offers secondary market equity trading and primary market IPO subscriptions. The company has handled over 50 IPOs in recent years and is exploring algorithmic trading. Its services are designed for clients seeking exposure to Indian capital markets.

Trading Platform

Clients can trade using the BEST platform, which supports BSE and NSE segments via desktop, web, and mobile apps. The platform offers real-time data, charting, and order management. Mobile trading is available on Android and iOS. The broker also provides call-and-trade support during market hours.

Client Support and Account Opening

Account opening and re-KYC services are available via phone between 4-7 PM Monday to Saturday. For DP queries, similar hours apply. The broker provides a dedicated trade desk for call-and-trade during market hours. Client bank account details are disclosed on the website to ensure transparency.

Regulatory Status

RIKHAV Securities Ltd is not regulated by any foreign forex or CFD regulator. It operates as a domestic Indian stockbroker and is subject to Indian securities laws administered by SEBI and stock exchanges. The website includes SEBI-mandated risk disclosures, including warnings about derivatives trading. No independent forex or CFD regulatory body oversees its activities.

Who It’s For

The broker is best suited for Indian residents interested in equity and derivative trading, as well as IPO investments. It targets experienced investors who understand the risks of derivatives. Foreign clients or those seeking leveraged forex or CFD trading would find this broker unsuitable. Its services are tailored to the Indian market.

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