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R Wadiwala

Regulated
India
,
Since 2004
Last Updated:
50/100
Overall Score

Trading Conditions

Min Deposit:
N/A
Max Leverage:
100
Account Types
RegularPAMMSTP+3 more

User Reviews

—
Total Reviews
—
This Month
—
Avg Rating

Funding Methods

5 methods

Bank Transfer (ACH System)

bank transfer
days
Fee:
Free
Fee:
Free

Cheque or Demand Draft

bank transfer
days
Fee:
Free
Fee:
Free

Margin System (Limit Against Shares)

other
3 days
Fee:
Free
Fee:
Free

Portfolio Management Services (PMS)

other
days
Fee:
0.7%
Fee:
0.8%

Online Trading Account Funding

bank transfer
days
Fee:
Free
Fee:
Free

Performance Metrics

Excellent Performance
Performance chart: 1: Regulation 34%, 2: License 63%, 3: Software 0%, 4: Spread 0%, 5: Account Type 52%, 6: Symbol 0%
Regulation
34%Poor
License
63%Fair
Software
0%Poor
Spread
0%Poor
Account Type
52%Fair
Symbol
0%Poor

Company Information

Full Name:R Wadiwala Securities Pvt Ltd
Founded:2004
Headquarters:India
Enterprise Offices:1offices

Customer Support

Phone:
+91 261-6673500
Live Chat:
business_hours
Response Time:
—
Languages:
English
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Editorial review
Updated

Broker Summary

What Wikilix has recorded about R Wadiwala: its history, the licences it holds, its trading conditions and its fees.

Introduction

R Wadiwala represents a brand related to trading brokerage and financial services and functions with the objective of making available to its clients different financial markets. Although information on R Wadiwala might be restricted and unavailable in the public domain, it would be possible to gain a perspective on the structure and expectation related to this trading broker.

Historical background

Unfortunately, not much can be found about the background and founding of R Wadiwala. There are no records available on when it started operation, where it is headquartered, and the individuals who comprise the organizational structure of this brokerage firm. Such an opaque manner might be a drawback for traders who value a brokerage firm's history and organizational affiliations.

Despite the aforementioned fact, brokers such as R Wadiwala may have the overall aim of creating a platform through which trading of different instruments such as forex, commodities, indices, and maybe even cryptocurrency takes place. The lack of direct empirical information may call for caution on the part of prospects and direct engagement between the prospect and the broker.

Main Characteristics and Services

As for particulars of R Wadiwala, there are none that are publicly known, yet trading brokers of this category typically provide various facilities to ensure smooth trading. These may comprise multiple trading assets, friendly trading platforms, and learning facilities.

Trading Instruments

Usually, a broker will offer access to Forex pairs, commodities such as gold and oil, stock indices, and sometimes cryptocurrency. It is safe to assume a list such as this is what would be expected of R Wadiwala.

Trading Platforms

Nowadays, most brokers allow traders to choose a variety of platforms, such as MetaTrader 4 or MetaTrader 5, or proprietary platforms tailored for PC and mobile devices. Expectations include sophisticated charting resources, automatic trading capabilities, and real-time price information.

Regulation

Regulation is an important consideration when deciding on which broker to use, as it provides an element of security and professional regulation. Unfortunately, very little information is currently available about the regulation or licenses that R Wadiwala adheres to.

Traders are advised to take caution before transacting with untested regulatory documentation, in order to confirm directly with the broker on financial regulatory compliance.

Regulator

License Number

Status

Limited information available

Market and Technology Environment for Trading

Conditions of trade, including spreads, leverage, and minimum deposits, are the most important criteria to assess the suitability of a broker. Unfortunately, the specific conditions of trade of R Wadiwala cannot be revealed.

In general, brokerage companies may have variable or fixed spreads, leverage from 10 to 500, depending on regulatory limitations, and minimum deposits that differ greatly. The underlying technology used in the trading platform is also crucial for the overall user experience, such as speed and reliability of execution.

Trading Condition

Details

Spreads

Unable to verify

Leverage

Limited information available

Minimum Deposit

Few details known

Trading Platforms

Limited information available

Fee Structure

It is important for traders to grasp the fees in order to control costs. Costs for traders can be commissions, spreads, fees for deposits and withdrawals, and fees for inactivity. Unfortunately, there is no information about fees for R Wadiwala.

Prospective clients should then seek information from the broker regarding the various fees that apply to the service prior to entering any agreement.

Fee Type

________________________________

Details

Deposit Fees

Since

Limited information available

Withdrawal Fees

Little data exists

Commission

Limited information available

Spreads

Limited information available

User Experience and Market Reputation

Client feedbacks and reputation are very important considerations to assess the reliability and service of a broker. Owing to lesser public presence of R Wadiwala, there is a lack of user reviews or testimonials.

The traders interested in R Wadiwala need to get referrals or test stories to know about the services of the broker.

Conclusion

R Wadiwala is a representative of a trading broker and financial services company with limited publicly available information. Although the financial services company probably has the typical trading services and facilities, the lack of comprehensive information about the regulatory details, trading terms, costs, and feedback for the financial services may imply that a potential customer exercises caution. Before dealing with R Wadiwala, customers are advised to conduct extensive due diligence on the company and seek adequate disclosures to ensure a safe and clear trading experience.

Regulation check

Regulatory Licenses

R Wadiwala is listed with a tier-1 or tier-2 licence that we have not yet checked against the regulator's register. An unchecked licence is not a finding either way.

0 of 1 checked
Licences on record
1
Confirmed on register
0
Tier 1 or 2
1
Offshore
0

WIKILIX

Licence intelligence

The only licence on file

Licence Verification Record

Securities and Exchange Commission No number recorded

Recorded from the firm's own disclosure. Not yet checked against the register.

Jurisdiction
India
Authority strength
Tier 1 (securities)
Licence type
Financial Service
Not yet checked on the register

Client protection under this licence

  • Compensation schemeSIPC insures up to $500,000 per customer (including $250,000 cash)
  • Complaints routeSEC Tips/Complaints/Referral
  • Maximum leverage1:50

These are the rules SEC sets for the firms it licenses. They are not a statement about how R Wadiwala applies them, or about which of its companies would hold your account.

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.

Trading accounts
Updated

Account Types

6 account types on record. Minimum deposit from INR 100,000. Leverage up to 1:1.

6 account types
AccountMin DepositLeverageCommission
RegularStandardINR 100,0001:1Not specified
PAMMPropNot recorded1:1Not specified
STPECNNot recorded1:1Not specified
SharesInvestNot recorded1:1Not specified
InvestNot recorded1:1Not specified
InvestNot recorded1:1Not specified
Account names and conditions as published by R Wadiwala, recorded by Wikilix.
Deposits & withdrawals

Funding Methods

5 ways to fund an account. 4 with no deposit fee. The costliest way in is Portfolio Management Services (PMS) at 0.68%.

5 methods
MethodDeposit feeWithdrawal feeMin depositWithdrawal min / maxProcessing
Bank Transfer (ACH System)Bank Transfer
Clients must provide an ACH mandate to authorize withdrawals. Primarily available to clients with bank accounts in India.
FreeFreeNot recordedNot recordedNot recordedday
Cheque or Demand DraftBank Transfer
Funds are credited after the cheque or demand draft clears. Primarily available to clients in India.
FreeFreeNot recordedNot recordedNot recordedday
Margin System (Limit Against Shares)Other
Shares must be in the client's name; third-party shares are not accepted. Primarily available to clients in India.
FreeFreeINR 100,000Not recordedNot recorded3 days
Portfolio Management Services (PMS)Other
Fees are as per the commission model agreed upon with the client. Primarily available to clients in India.
0.68%0.85%Not recordedNot recordedNot recordedday
Online Trading Account FundingBank TransferPrimarily available to clients in India.FreeFreeNot recordedNot recordedNot recordedday
Fees, limits and processing times as published by R Wadiwala, recorded by Wikilix.
Social channels

Social Presence

4 official channels on record.

4 channels
Channels as published by the broker, recorded by Wikilix.
Legal entities

Corporate Network

One legal entity behind the R Wadiwala brand.

1 entity
  • R WADIWALA SECURITIES PRIVATE LIMITEDActiveIndiaRegistration U67120GJ2004PTC044324Established Jan 12, 2019
Entities named in the broker's own documents and company registers, recorded by Wikilix.
Frequently Asked Questions

Frequently Asked Questions

Common questions about R Wadiwala

Most Popular Questions
R Wadiwala Securities offers Portfolio Management Services (PMS) with various fee structures, including management fees, upfront fees, brokerage charges, and custodian charges. Fees are charged as a percentage and depend on the commission model agreed upon with the client.
R Wadiwala Securities offers customer support via phone, live chat during business hours, and email. Support is available in English, and the broker maintains active social media channels for additional contact options.
R Wadiwala Securities offers a maximum leverage of up to 100. This leverage level is subject to regulatory limits and the broker's internal policies.
R Wadiwala Securities supports deposits and withdrawals primarily through bank transfers, cheques, demand drafts, and margin systems. These methods typically have no fixed fees and are mainly available to clients with Indian bank accounts. Processing times vary depending on the method used.
R Wadiwala Securities Pvt Ltd is regulated by the Securities and Exchange Commission (SEC) in India. The SEC is a government regulator with a tier 1 securities license, ensuring compliance with local financial laws. According to WIKILIX, the broker operates under onshore regulation and provides client fund insurance coverage.
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