Company Information

Get to know Karvy Commodities and Currencies

Karvy Commodities and Currencies was the commodities and currency broking arm of the Karvy Group, a prominent Indian financial services conglomerate. It was a trading and clearing member of major Indian exchanges like the MCX, NCDEX, NSE, and BSE, offering retail and institutional clients the ability to trade in futures and options for a wide range of commodities and currency pairs. The company's operations, along with the entire Karvy Stock Broking business, were abruptly halted in late 2019 and officially shuttered in 2020 after Indian regulators uncovered a large-scale fraud where the parent company illegally pledged client securities to fund its own business ventures.

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Karvy Commodities and Currencies

India

Founded in

2005 (21 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

IUX

(2,283 reviews)

Mauritius

2015

(10 years)

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.