Score
BgSE
https://www.bfsl.co.in
Website
Rating Index
Influence
Influence
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Contact
No valid regulatory information, please be aware of the risk!
- It has been verified that this broker currently has no valid forex regulation. Please be aware of the risk!
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Company Summary
| BgSE Review Summary | |
| Registered | 2006 |
| Registered Country/Region | India |
| Regulation | No Regulation |
| Market Instruments | Equities, Commodities, Mutual funds, IPO, Futures & Options |
| Demo Account | ❌ |
| Leverage | / |
| Spread | / |
| Trading Platform | NSE/BSE, NSE, BSE, MCX, NCDEX |
| Minimum Deposit | / |
| Customer Support | 080-66673333, 080-41575234/35 |
| bfsl@bfsl.co.in, enquiry@bfsl.co.in | |
| Facebook, Twitter, LinkendIn, Instagram, YouTube | |
BgSE Information
BgSE is a financial services institution that provides investors with multi-market and multi-category transaction brokerage services covering a wide range of financial products and services. It offers omnichannel trading support and online account management. However, its business layout for commodities and mutual fund services relies on external platforms. It is suitable for individual and institutional clients seeking diversified investment channels.

Pros and Cons
| Pros | Cons |
| Multi-market instruments | No Regulation |
| Online account management | Service intermediacy (commodities accessed through affiliated institutions) |
| Long operational history | Unclear fee rates |
Is BgSE Legit?
BgSE is unregulated, even though it claims to be a corporate member of NSE and BSE, regulated by the Securities and Exchange Board of India (SEBI).


What Can I Trade on BgSE?
| Tradable Instruments | Supported |
| Equities | ✔ |
| Commodities | ✔ |
| Mutual funds | ✔ |
| IPO | ✔ |
| Futures & Options | ✔ |
| Shares | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |

Account Type
It provides Trading Accounts and Demat Accounts, supporting individual and institutional clients.
| Account Type | Supported |
| Trading Account | ✔ |
| Demat Account | ✔ |

Trading Platform
Full market coverage of NSE/BSE: Cash equities, futures and options (F&O).
Supports real-time mobile/internet trading, covering NSE, BSE, MCX (Multi Commodity Exchange), and NCDEX (National Commodity & Derivatives Exchange).
| Trading Platform | Supported | Available Devices | Suitable for |
| NSE/BSE | ✔ | / | / |
| NSE, BSE, MCX | ✔ | Mobile, Web | / |
| NCDEX | ✔ | Mobile, Web | / |


Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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