Note: 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. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
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What is TSEC？
TSEC, or Thirani Securities Pvt Ltd, is an unregulated company based in India providing broking services in the financial market. Thirani Securities, established in1992 by Mr. Sidharth Thirani, commenced operations as members of The Calcutta Stock Exchange. With Mr. Thirani's extensive experience in the industry since 1992, spanning roles as a broker, investor, and proprietary trader, the firm embodies a rich heritage in the financial market.
In the following article, we will analyse the characteristics of this broker in all its dimensions, providing you with easy and well-organised information. If you are interested, read on.
Pros & Cons
Pros:
Multiple Customer Support Channels: TSEC provides various customer support channels including phone, email, and address, enhancing accessibility and assistance for clients.
Established Since 1992: TSEC has been in operation since 1992, offering broking services in the financial market. This longevity suggests a certain level of experience and reliability in the industry, which may be reassuring to some investors.
Cons:
No Regulation: The lack of valid regulation raises significant safety and trust concerns, as regulatory oversight is crucial for ensuring customer protection and platform transparency.
Limited Transparency Regarding Trading Conditions and Fees: Limited transparency regarding trading conditions, such as spreads and commissions, can make it difficult for clients to assess the overall value proposition of TSEC compared to other brokers.
Absence of Demo Account: The unavailability of a demo account makes it difficult for clients to test the trading platform before committing funds.
Is TSEC Legit？
TSEC currently lacks valid regulation, which raises significant concerns about its safety and legitimacy. Regulatory oversight is crucial for ensuring that a financial services provider operates within established standards and adheres to specific rules and requirements designed to protect investors and clients. Without proper regulation, there is an increased risk of fraudulent activities, scams, and inadequate consumer protection.
Services
TSEC, a provider of broking services, offers a diverse array of trading instruments to cater to the needs of its clients. Through its platform, traders have access to an extensive range of financial products spanning various asset classes. These include equities, allowing investors to buy and sell shares of publicly traded companies, providing opportunities to capitalize on the performance of individual companies and broader market trends.
How to Open an Account？
Customer Service
TSEC provides a comprehensive and accessible customer support network. Their support team can be reached through different channels for ultimate convenience.
Phone: +91 33 40053131, +033 4005 3131, +033 2248 1155
Email:helpdesk@tseconline.com, portfoliomanagement@tseconline.com, broking@tseconline.com
Address: 4th Floor, Todi Chambers , 2, Lal Bazaar Street, Kolkata-700001. India.
Timings: Monday to Friday – 9.00 a.m. to 7.00 p.m. Saturday – 9.00 a.m. to 6.00 p.m.
Conclusion
In conclusion, TSEC offers broking services with a comprehensive and accessible customer support network, making it an advantageous platform for various investors. However, the lack of valid regulation raises significant concerns about the safety and trustworthiness of the platform. Now, the ball's in your court when it comes to choosing whether to go with this broker or explore other options. Hopefully, this review has shed some light on your decision-making process.
Frequently Asked Questions (FAQs)
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.
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