Vertex Information
Vertex Securities Ltd. is an unregulated financial services company operating as a Public Limited Company listed on the Bombay Stock Exchange. Vertex provides a wide range of market instruments for investment, including equity, commodity, mutual fund, insurance, IPO, NCD, and bond options. Additionally, Vertex has partnered with TradingView for its charting technology.
Pros & Cons
Pros
Multiple Market Instruments: Vertex provides a wide range of instruments, such as equity, commodity, mutual fund, insurance, IPO, NCD, and bond options.
Multiple Customer Support Channels: Vertex provides several channels for customer support including telephone, contact form, email, and social media.
Cons
No Regulation: Vertex is not regulated, which increases risks for clients as the company doesn't have to adhere to any established financial standards nor offer protections typically required by financial regulators
Lack of Leverage Information: The official website of Vertex doesn't provide leverage information for its market instruments.
Complicated Account Registration Process: Clients may experience difficulties and delays in opening an account due to a cumbersome or intricate registration process.
Is Vertex Legit？
- Regulatory Sight: Vertex is currently not regulated by any recognized financial authority.
- User Feedback: Users should check the reviews and feedback from other clients to gain a more comprehensive sight of the broker, or look for reviews on reputable websites and forums.
- Security Measures: So far we haven't found any information about the security measures for this broker.
Market Instruments
Vertex provides a range of market instruments for investment, including equity, commodity, mutual fund, insurance, IPO, NCD, and bond options.
Equity refers to ownership in a company, with shareholders entitled to a portion of profits.
Commodity trading involves the buying and selling of physical goods such as gold, silver, or agricultural products.
Mutual funds pool funds from multiple investors to invest in a diversified portfolio of securities.
Insurance products offered by Vertex provide financial protection against risks such as health or life coverage.
IPOs are initial public offerings, where companies issue shares to the public for the first time.
NCDs (Non-Convertible Debentures) are fixed-income instruments issued by corporations, offering a fixed interest rate over a specified period. While Bonds are debt securities where investors lend money to governments or corporations in exchange for periodic interest payments.
How to Open an Account？
To open an account on Vertex Securities, please follow these steps.
- verify your mobile number and email address.
- provide your PAN number for identity verification purposes.
- UponPAN validation, your personal details, address details, photo, and signature will be fetched from the KRA database and affixed on the online account opening form.
- If your PAN is not registered with KRA, you will be redirected to the DigiLocker window.
- Complete the remaining details and proceed with the payment using Netbanking/UPI.
- Finalize the verification process by uploading the required documents, affixing your E-signature, and initiating an in-person verification through the web camera.
- Once completed, your account will be activated, and you can start trading immediately.
Note: DigiLocker is an electronic document storage service launched by the Government of India to promote a paperless office and provide safe and secure digital document storage space for individuals. Users can store important documents such as driving licenses, vehicle registration, insurance policies, etc. in DigiLocker for easy viewing and sharing at any time.
Trading Platform
Vertex provides TradingView as its trading platform for clients to engage in trading activities. TradingView is a popular charting and analysis platform that offers a range of tools and features for technical analysis and market research. Through the TradingView platform, Vertex clients have access to real-time market data, customizable charts, and various indicators to assist in making trading decisions.
Trading Tools
Through its collaboration with TradingView, Vertex provides a charting experience for clients that includes analytical tools such as Stock Screeners and an Economic Calendar.
Stock Screeners allow users to filter and search for specific stocks based on pre-defined criteria such as market capitalization, price-to-earnings ratio, or sector performance. This tool helps investors identify potential investment opportunities that match their criteria.
Additionally, the Economic Calendar offers a schedule of key economic events and data releases that could impact the financial markets. By staying informed about important economic indicators and events, traders can make more informed decisions about their investments.
Customer Support
Vertex provides its clients with multiple customer support channels.
- Phone of the company: +91 91 888 95 333 or +91 484 2384848
- E-mail: customercare@vertexbroking.com
- Contact Form
- Social Media: Facebook, LinkedIn, Whatsapp
- Registered Office: 2nd Floor, Thottathil Towers, Market Road, Kochi, Kerala, India 682018
Conclusion
In summary, Vertex Securities Ltd. presents itself as an established player in the financial services industry, but its unregulated status raises significant concerns regarding client protection and transparency. While the company offers a range of investment options and online trading services, the complicated account registration process adds another layer of frustration for potential clients. Therefore, individuals considering Vertex for their wealth management needs should proceed with caution and be mindful of the risks associated with dealing with an unregulated firm.
Q&A
What trading platforms does Vertex offer？
Vertex Securities provides clients with an online digital trading platform for Equities and Derivatives, accessible through mobile and web applications.
What investment options are available through Vertex？
Equity, commodity, mutual fund, insurance, IPO, NCD, and bond options.
Is Vertex regulated by any financial authority？
Currently, Vertex Securities operates as an unregulated entity.
What trading tools does Vertex offer？
Vertex offers Stock Screeners and an Economic Calendar through TradingView.
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.
