Basic Information
Registered Region 
India
IndiaOperating Period
5-10 years
Company Name
Nirmal Bang
Customer Service Email Address
support@nirmalbang.com
Contact Number
+9102262739617
Company Website
Global Broker Regulation Inquiry App
WikiFX
No Regulation
Score
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/10
Nirmal Bang
India
|
5-10 years
|
Suspicious Regulatory License
|
Self-developed
|
Regional Brokers
|
High potential risk
https://www.nirmalbang.com
Website
Rating Index
Influence
Influence
B
Influence index NO.1
India 7.87Surpassed 17.10% brokers
Biz Area
Search Statistics
Advertising
Social Media Index
Contact
+91 022-62739617
support@nirmalbang.com
https://www.nirmalbang.com
B-302, Marathon Innova, Nr.Peninsula Corporate Park Lower Parel(W), Mumbai-400013
LicensesNo valid regulatory information, please be aware of the risk!
Warning: Low score, please stay away!
- It has been verified that this broker currently has no valid forex regulation. Please be aware of the risk!
Biz Area
Website
Genealogy
Relevant Enterprises
Employees
Company Summary
Comment
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Official website
Website
Most visited countries/areas
India- 15.206.78.104Server LocationICP registration--Most visited countries/areasDomain Effective Date2000-01-20WebsiteWHOIS.REGISTER.COMCompanyREGISTER.COM, INC.
Genealogy
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Relevant Enterprises
NIRMAL BANG COMMODITIES PRIVATE LIMITED(India)
Active
India
Registration No. U67120MH1995PTC093213
Established
Related sources Website Announcement
Employees
Company Summary
| Nirmal Bang Review Summary | |
| Founded | 2000 |
| Registered Country/Region | India |
| Regulation | Unregulated |
| Market Instruments | Equity & Derivatives, Forex, Commodities, Institutional Broking, Depository Services, Loan Against Securities |
| Demo Account | ✅ |
| Leverage | / |
| Spread | Equity Intraday: 0.03%-0.05%; Delivery: 0.3%-0.5% |
| Trading Platform | Proprietary Trading Software, Web-Based Trading Platform |
| Min Deposit | ₹0 for account creation; PMS accounts may require higher minimums |
| Customer Support | - Email: support@nirmalbang.com |
| - Phone: +91-22-68207000 / +91-9082846200 | |
Nirmal Bang Information
Providing a broad spectrum of financial services including stock, derivatives, FX, and commodities trading, Nirmal Bang is an India-based broker. Although it provides institutional broking and thorough portfolio management tools (PMS), traders run a possible risk from the absence of control.
Pros and Cons
| Pros | Cons |
| Market instruments include stock, currency, and commodities | Unregulated |
| Low brokerage rates for intraday and delivery trading | Limited information about trading platform features |
| No charges for deposits or withdrawals | High performance fees for portfolio management services (PMS) |
Is Nirmal Bang Legit?
India-based Nirmal Bang is unregulated by financial authorities. Its operations are not regulated by the FCA or ASIC.
Registered on January 20, 2000, the domain nirmalbang.com expires on January 20, 2029.
What Can I Trade on Nirmal Bang?
Offering a wide spectrum of trading and investing solutions, Nirmal Bang meets different financial needs. These comprise institutional broking, commodities trading, forex trading, and stock and derivative trading.
| Tradable Instruments | Supported |
| Equity & Derivatives | ✔ |
| Forex Trading | ✔ |
| Commodity Trading | ✔ |
| Institutional Broking | ✔ |
| Depository Services | ✔ |
| Loan Against Securities | ✔ |
Account Types
The platform primarily supports Demat and Broking Accounts for trading in equity, derivatives, commodities, and forex.
Nirmal Bang Fees
Spreads & Brokerage
Charges vary based on account type and trading volume.
Equity intraday brokerage typically ranges from 0.03% to 0.05%.
Delivery brokerage ranges from 0.3% to 0.5%.
Management & Transaction Fees
Portfolio Management Services (PMS):
Management Fees: 2% annually on daily weighted average assets.
Performance Fee: Charged at 10% above the hurdle rate (typically 10% portfolio returns).
Example (Year 1 Hybrid Fee Illustration):
Total Charges: ₹1,78,106 (management + brokerage + performance fees).
Net Portfolio Return: 16.44% after all fees.
Example Breakdown of PMS Fees (Year 1 Illustration)
| Fee Component | Amount (₹) |
| Management Fees (2%) | 1,09,340 |
| Brokerage & Transaction Costs | 5,500 |
| Other Expenses | 27,500 |
| Performance Fees (10% above Hurdle Rate) | 35,766 |
| Total Fees | 1,78,106 |
Non-Trading Fees
| Deposit Fee | ₹0 | No charges for deposits. |
| Withdrawal Fee | ₹0 | No charges for withdrawals. |
| Inactivity Fee | Not Specified | Applicable for dormant accounts (if any). |
| Deposit Fee | ₹0 | No charges for deposits. |
Keywords
- 5-10 years
- Suspicious Regulatory License
- Self-developed
- Regional Brokers
- High potential risk
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