GRD Information
GRD was founded in 2000 with headquarters in KOLKATA, India and then opened several branches in the country after development over the years. It offers a series of financial services including trading in Equity & Derivatives, Commodities & Currency, Mutual Funds, as well as Depository and FPl Services, Proprietary Trading, IPOs, and Investment Advisory.
However, one thing that you should not neglect is that the broker currently operates without valid regulation from any authority bodies.
Pros and Cons
Is GRD Legit?
Regulation is a crucial aspect of evaluating the legitimacy and reliability of a brokerage firm, and in the case of GRD, the broker operates without any valid regulatory oversight. The absence of a regulatory framework raises significant concerns regarding the broker's adherence to industry standards, financial transparency, and the protection of client interests.
Products and Services
GRD provides a wide range of financial services mainly for Indian investors. These include:
- Equity and Derivatives Trading: Stocks and common equity derivatives such as futures and options enable investors to take positions in individual companies and indices.
- Commodities and Currency Trading: Commodities such as gold, silver, and crude oil, as well as major currency pairs in the forex market are also provided by GRD to hedge against inflation and currency fluctuations.
- Depository Services: GRD DP Account offers dematerialisation, rematerialisation, transfer and pledging of shares, stock lending and borrowing. It's free to open an DP account, but a non-refundable nominal deposit is required and will be adjusted for future billings.
- FPI Services: GRD offers FPI (Foreign Portfolio Investor) services, enabling foreign investors to invest in Indian securities markets. This includes assistance with registration, compliance, and advisory services for foreign investors looking to participate in the Indian markets.
Note: Current eligible countries are Australia, Austria, Bahrain, Belgium, Brazil, Bulgaria, Canada, China, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hong Kong, Hungary, Iceland, Italy, Japan, Korea, Lithuania, Luxembourg, Malta, Mexico, Netherlands, New Zealand, Norway, Oman, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, Slovakia, Slovenia, South Africa, Spain, Sweden, Switzerland, UAE, UK, USA.
- Proprietary Trading: GRD provides proprietary trading services, where the firm trades with its own capital to generate profits.
- IPOs: GRD facilitates IPOs (Initial Public Offerings), allowing clients to invest in newly listed companies' shares.
- Mutual Funds: Mutual funds are also available through GRD, providing clients with access to professionally managed investment portfolios. Clients can invest in a diversified portfolio of securities without needing to directly manage the investments themselves.
- Investment Advisory: GRD offers investment advisory services, providing clients with personalized investment advice based on their financial goals and risk tolerance.
Trading Platform
GRD claims to offer real-time trading on proprietary trading platform on a mobile app, but you need to contact a service representative at 033-40844483 for details.
