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Nirmal Bang in India — review, licence and costs
Score (5 of 6 axes scored)
shown, not ranked: no cost
- Reviews25%35
- Safety20%100
- Payouts15%80
- Track record10%no data
- Platforms10%0
Numbered by weight: axis 1 counts for most.
Key facts (4 facts)
- Onboarding entity
- Nirmal Bang Securities Pvt. Ltd
- Founded
- 1986
- Currencies
- INR.
- Swap-free account
- no
Licence check
Open an account with Nirmal BangThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards India residents
- Nirmal Bang Securities Pvt. Ltd
- Local standing
- SEBI-regulated domestic broker.
- Licence as the register states it
- SEBI INZ000202536; NSE (9391)/BSE (498)/MCX (56460)/NCDEX (1268); NSDL & CDSL DP.
- Leverage for this entity
- Intraday margin & MTF under SEBI peak-margin norms.
- The firm behind it
- Founded 1986 (Bang family), Mumbai; one of India's older retail broking houses.
- What we hold against it
- Customer-service and fund-transfer complaints reported; dated web platform.
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards Indian residents enters the score.
Intraday margin & MTF under SEBI peak-margin norms.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youSEBI-regulated domestic broker.
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Accounts
Account types the broker names for this country: Demat+Trading, percentage-based plan (also flat option). The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Where Nirmal Bang sits in the India base(90 brokers)
Round-turn cost, USD (65 of 90 priced)
Median 7 USD · range 2-18 · 25 of 90 brokers do not publish it
Minimum deposit, USD (16 of 90 priced)
Median 15 USD · range 0-1000 · 74 of 90 brokers do not publish it
Retail leverage (49 of 90 with a India figure)
Median 1:500 · range 20-5000 · 41 of 90 brokers do not publish it
Withdrawal time published (90 brokers)
Payouts(1 method)
| Method | Deposit, h | Withdrawal, h | Fee, USD | Min, USD |
|---|---|---|---|---|
| UPI | 24 | — | 0 | 50 |
Deposit and withdrawal methods (1 methods · 1 local)
UPI, net-banking.
- UPIlocal
- Account currency
- INR.
- Fee declared
- 1 of 1 methods
- Withdrawal back to
- the funding method
Where it does not serve(1 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(3 platforms)
- Beyond / Beyond Pro app
- Beyond web
- back-office app
Pros and cons(4 for and 3 against, each tied to a figure on this page)
- Locally authorised, licence INZ000202536, read on 09.07.2026
- Withdrawal in 24 h, one of 74 of 90 brokers here that publish a time
- Safety 100 of 100, its strongest of 5 scored axes
- 3 platforms: Beyond / Beyond Pro app, Beyond web, back-office app
- Round-turn cost not priced: the pair of spread and commission is not published
- Platforms 0 of 100, its weakest of 5 scored axes
- Not scored on round-turn cost: the broker publishes no figure we could read
Alternatives in India(6 of 90 scored in India)
- Round turn, USD
- 5IN
- Min deposit, USD
- 0 groupIN
- Rank in this country
- #2
- Round turn, USD
- 4IN
- Rank in this country
- #4
- Round turn, USD
- 10IN
- Min deposit, USD
- 100 groupIN
- Rank in this country
- #21
- Round turn, USD
- 2IN
- Min deposit, USD
- 10 groupIN
- Leverage
- 500IN
- Rank in this country
- #23
- Round turn, USD
- 7IN
- Min deposit, USD
- 10 groupIN
- Rank in this country
- #26
- Round turn, USD
- 6IN
- Min deposit, USD
- 0 groupIN
- Leverage
- 500IN
- Rank in this country
- #15
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a India score. Full methodology
| Axis | Weight | What is measured | Nirmal Bang |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 35 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | — |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 100 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 80 |
| Track record | 10% | Years since the firm was founded, from its own filings | 100 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 0 |
— the broker does not publish this figure; it is not read as a zero and it is not scored.
FAQ
- Does Nirmal Bang accept residents of India?
- Yes. SEBI-regulated domestic broker. Onboarding entity: Nirmal Bang Securities Pvt. Ltd
- Is Nirmal Bang licensed to serve clients in India?
- SEBI INZ000202536; NSE (9391)/BSE (498)/MCX (56460)/NCDEX (1268); NSDL & CDSL DP. Checked on 09.07.2026.
- Which trading platforms does Nirmal Bang support?
- Beyond / Beyond Pro app, Beyond web, back-office app. Instruments: Equity, F&O, currency, commodity, MF, IPO, insurance.
- How can I withdraw money from Nirmal Bang in India?
- UPI, net-banking.
- What account types does Nirmal Bang offer?
- Demat+Trading; percentage-based plan (also flat option).
- Does Nirmal Bang offer a swap-free (Islamic) account?
- No. Nirmal Bang publishes no swap-free (Islamic) account for India.