Intellect Money Information
Intellect Money, a Kolkata-based financial services business with over a decade of expertise, provides a diverse range of financial products like as stocks, commodities, IPOs, and insurance. While they have competence in asset management and good business relationships, one significant disadvantage is a lack of regulatory information on the website.
Pros and Cons
Is Intellect Money Legit?
The registered address of Intellect Money is 232, Chittaranjan Avenue, 7th Floor, Girish Park Crossing, Kolkata – 700006 with registration number CIN U67120WB2005PLC106891.
However, its regulatory information can't been found on the website, and it has not been regulated by other well-known regulatory authorities such as the Financial Conduct Authority (FCA) in the UK or the Australian Securities and Investments Commission (ASIC).
What Can I Trade on Intellect Money?
Intellect Money is a financial company that provides diversified financial products, covering stocks, derivatives, mutual funds, IPOs, insurance,structured products, depository, institutional broking, commodity trading, forex trading and NRIzone services specifically designed for Non-Resident Indians.
Account Type
Intellect Money accounts are primarily used for stock and commodity trading and are categorized into three segments: NSE, BSE, and MCX. Each segment has multiple designated Upstreaming Client Nodal Bank Accounts (USCNBAs) for investors to utilize.
Deposit and Withdrawal
Intellect Money provides a convenient and safe depository solution that allows investors to retain stocks electronically, thereby removing the hazards and delays associated with paper certificates. Investors can trade, pledge, transfer, and inquire about their assets using Intellect's depository account, which provides rapid and dependable service.
Customer Service
Intellect Money provides customer supportcare via phone calls to two landlines in India, email to two addresses, and fax number. They do not offer live chat or a contact form on their site.
They have accounts on social media platforms such as Telegram and YouTube. Their website and customer assistance are only available in English. In-person help is available at the company headquarters in Mumbai and Kolkata.
The Bottom Line
Intellect Money offers a variety of financial products and wealth management services, but lacks regulation. Customer service primarily relies on phone, email, and fax, with no live chat or contact form. And its website and customer service are available only in English.
FAQs
Is Intellect Money suitable for all types of investors?
Because of the absence of regulation and limited customer support alternatives, it may be better suited for experienced investors who are familiar with the Indian financial sector.
Is Intellect Money a safe broker?
While Intellect Money is a registered company in India, information about its regulatory status can't be found on the website, using it carries some risk.
Is Intellect Money good for day trading?
Intellect Money is not the best option for day trading. They do not provide immediate service to customers, and intraday traders typically require immediate assistance.
