Overview of CNB
CNB Finwiz Private Limited is a specialized financial services provider focused on high-frequency and latency-sensitive trading strategies. With a robust infrastructure that includes advanced servers and low-latency network equipment, CNB offers execution services, strategy development, and personalized support to both individual and institutional traders. Despite its sophisticated offerings, the lack of regulatory oversight is a significant consideration for potential clients.
Is CNB Legit？
CNB is not regulated. It is important to note that this broker does not have any valid regulation, which means it operates without oversight from recognized financial regulatory authorities. Traders should exercise caution and be aware of the associated risks when considering trading with an unregulated broker like CNB, as there may be limited avenues for dispute resolution, potential safety and security concerns regarding funds, and a lack of transparency in the broker's business practices. It is advisable for traders to thoroughly research and consider the regulatory status of a broker before engaging in trading activities to ensure a safer and more secure trading experience.
Pros and Cons
CNB Finwiz Private Limited excels in providing high-frequency and latency-sensitive trading services through advanced infrastructure and personalized support. Their suite of products and services, including algo trading and call & trade services, caters to both individual and institutional traders. However, the lack of regulation poses potential risks regarding fund security and dispute resolution, making it imperative for traders to exercise caution.
Products and Services
CNB offers a comprehensive suite of trading services and financial products tailored to both individual and institutional traders:
Services:
- Algo Trading Services: Includes strategy coding and ready-to-use algo trading strategies.
- Call & Trade Services: Enables clients to execute trades over the phone.
- Online Ctcl Trading Platform ODIN: A robust platform for trading on NSE and BSE.
- Personalized Service: Each client is supported by a Dedicated Relationship Manager.
Products:
- Equity Delivery: Allows clients to buy and hold shares.
- Intra-day Trading: Facilitates the buying and selling of stocks within the same trading day.
- Derivatives Trading: Offers trading in options and futures.
- Algo Trading: Automated trading based on pre-defined algorithms and strategies.
Features
1. Execution Services: Support for experienced algo traders with their own platforms and strategies.
2. Platform Infrastructure: Advanced co-location facilities, high-frequency servers, and low-latency network equipment.
3. Strategy Development: Incubation and API support for developing and deploying custom trading strategies.
4. Software Development: In-house team for designing and maintaining customized software solutions.
How to Open an Account
Physical Process for Opening the Account:
1. Visit Office or Download Form:
- Visit the CNB office or download the form from the website www.cnbfinwiz.com.
Steps to be Followed by the Client:
1. Fill the Form:
- Complete the Client Opening Form with all required details.
2. Enclose Required Documents:
- Attach the necessary documents as specified in the form.
Steps to be Taken by CNB:
1. Form & Documents Verification:
- The company will verify the form and the enclosed documents.
2. In-Person Verification (IPV):
- CNB staff will conduct an in-person verification (IPV).
3. Client Copy Handover:
- The client will receive a copy of the completed form for their records.
4. Account Opening Package:
- After the account is opened, CNB will provide a Welcome Letter, Delivery Instruction Slip (DIS), and the Client Master to the client.
This process ensures thorough verification and compliance, providing clients with all necessary documentation and support for their new trading account.
Customer Support
CNB provides a well-structured customer support system through various channels:
Customer Support Details:
- Registered Office: CNB Finwiz Pvt Ltd, 4282/3, Ansari Road, Daryaganj, New Delhi 110002
- Corporate Office: A-32, Sector-9, Analco Building, Noida, Uttar Pradesh-201 301
- Customer Care/Client Servicing: Handled by Ms. Komal, contactable at 09560058518 or via email at customerservices@cnbfinwiz.com, available Monday to Saturday from 9:00 AM to 6:30 PM.
- Head of Customer Care & Client Servicing: Mr. Shyam Sunder, reachable at 08860078518 or grievance.ops@cnbfinwiz.com, operating hours as above.
- Compliance Officer: Mr. Paras Sharma, contact details 08860078518 or cs@cnbfinwiz.com, with similar operating hours.
- Chief Executive Officer (CEO): Mr. Naman Bagri, can be contacted at 09873752222 or grievance.md@cnbfinwiz.com.
For unresolved issues or dissatisfaction with responses, CNB advises customers to escalate complaints to regulatory bodies such as SEBI, NSE, BSE, CDSL, and MCX through their respective online grievance systems, ensuring to include any Service Ticket or Complaint Reference Numbers in the communication.
Educational Resources
CNB provides valuable educational resources to help investors stay informed and updated about the securities market. They collaborate with the BSE Investor Education to offer a variety of educational materials, including texts and videos, available on the BSE Investor Protection Fund website. These resources aim to empower investors with knowledge, ensuring they make informed decisions.
Access these materials at [BSE Investor Education]
(https://www.bseipf.com/investors_education.html), promoting the belief that an educated investor is a protected investor.
Conclusion
CNB Finwiz Private Limited offers specialized trading services tailored for high-frequency and latency-sensitive strategies with a robust infrastructure and personalized support. Despite these advantages, the lack of regulatory oversight introduces significant risks related to fund security and dispute resolution. Traders should carefully consider these factors and conduct thorough research before engaging with CNB.
FAQs
Is CNB regulated？
No, CNB Finwiz Private Limited is not regulated by any recognized financial regulatory authority.
What types of trading services does CNB offer？
CNB offers algo trading services, call & trade services, and an online CTCL trading platform (ODIN), along with equity delivery, intra-day trading, and derivatives trading.
How can I open an account with CNB？
To open an account with CNB, visit their office or download the form from their website, fill it out, attach the required documents, and submit it for verification. CNB staff will conduct an in-person verification (IPV) before activating your account.
What customer support options does CNB provide？
CNB provides customer support through phone, email, online chat, and physical office locations. Key contacts include Ms. Komal (Customer Care), Mr. Shyam Sunder (Head of Customer Care & Client Servicing), Mr. Paras Sharma (Compliance Officer), and Mr. Naman Bagri (CEO).
What educational resources are available at CNB？
CNB collaborates with the BSE Investor Education to offer educational materials, including texts and videos, to help investors make informed decisions. These resources are available on the BSE Investor Protection Fund website.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then.
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