Company Information

Get to know BMA Wealth Creators Ltd

Founded in 1992 and headquartered in Kolkata, BMA Wealth Creators Ltd was a comprehensive financial services provider in India. The company offered a wide range of services, including equity and derivatives trading, commodity and currency trading, depository services, portfolio management, and wealth management for retail, high-net-worth individual (HNI), and institutional clients. However, in 2020, the company was declared a defaulter and its membership was terminated by major Indian stock exchanges following a regulatory investigation that found it had misused client securities.

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Stock BrokerPRIMARY
Financial Other Service

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BMA Wealth Creators Ltd

India

Founded in

2005 (21 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Licenses

--/40

Reviews

--/60

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

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Security Information

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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.