Forex P. Suryakant Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.6

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 1.8

Business 1.1

Risk Control 1.4

Software 2.1

Regulatory 1.6

Terminal Snapshot

P. Suryakant Trading Conditions

Registered Region India

Operating Period 5-10 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email rajeshmorparia@psjsecurities.com

Contact Number 9820863800/9321053967

Website N/A

Balanced Review

Pros & Cons

Pros

Regulated by Securities and Exchange Board of India (SEBI)
Diverse trading instruments: Forex, commodities, indices, stocks, and cryptocurrencies
Advanced trading platforms: XTS Mobile Trader, XTS Web Trader, and XTS Desktop Trader
Customer support available via email, live chat, and telephone
Educational resources including video tutorials and webinars

Cons

Limited educational resources for advanced trading
Withdrawal fees may apply depending on payment method
Inactivity fees for dormant accounts
Variable spreads may affect trading costs
No support for popular platforms like MetaTrader

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	P. Suryakant	XA Markets	Goodwill	AvaTrade
Operating Period	5-10 years	See review	See review	See review
Region	India	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	1.6/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does P. Suryakant Offer?

Account Type	Target User Group	Key Characteristics	Applicability Notes
Retail Account	Beginners	Low minimum deposit, user-friendly interface	Ideal for small-capital practice
Professional Account	Experienced Traders	High leverage, tighter spreads, advanced features	Requires trading volume qualifications
Corporate Account	Corporate Clients	Customized services and reporting	Requires corporate documentation
Demo Account	Novice Traders	Practice trading without risk	Ideal for testing strategies before real trading

Account Opening Process

To open an account with P. Suryakant, follow these steps: First, submit your personal information, including full name, email, and password. Next, provide employment and financial information as required. Complete identity verification by uploading necessary documents like a government-issued ID and proof of address. Once the verification is done, you can log in to your account. Additionally, there is flexibility to upgrade to a professional account later if desired.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	Varies	$0	Competitive spreads for major pairs
CFDs (Stocks, Indices, Commodities)	Varies	Variable	Fees depend on the specific asset
Cryptocurrencies	Varies	Variable	Fees can fluctuate based on market conditions

Other Fees

Other fees to consider include potential deposit and withdrawal fees depending on the payment method used. Inactivity fees may apply if the account remains dormant for an extended period. There may also be overnight interest charges (swap rates) for positions held overnight, and currency conversion fees may apply for transactions involving different currencies.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

P. Suryakant User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

Rahul Mehta

Mumbai

★ ★ ★ ★ ★

I have been trying to withdraw my funds for over a month now, and the support team keeps giving me the runaround. It’s frustrating and feels like I may never see my money again. Not recommended if you need quick access to your funds.

Anjali Sharma

Delhi

★ ★ ★ ★ ★

I had a good experience with P. Suryakant. The trading platform is user-friendly, and I appreciate the variety of instruments available. However, I did face some delays in customer support response times, but overall, I am satisfied.

Karan Singh

Bengaluru

★ ★ ★ ★ ★

I was really disappointed with P. Suryakant. My withdrawal request was denied without a clear explanation, and when I reached out for help, the customer service was unhelpful. I feel like I’ve been scammed.

Priya Desai

Hyderabad

★ ★ ★ ★ ★

P. Suryakant has been great for my trading needs! The execution speed is impressive, and I love the mobile app. Their educational resources have also been helpful in improving my trading strategies. Highly recommend!

India Market