Marwadi Shares and Finance Limited
Primary
IN
U65910GJ1992PLC017544
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1 entity
unverified
Broker profile
MA
Marwadi Shares and Finance Review: Is It Legit and Regulated?
Marwadi Shares and Finance Limited
IN
Operating period unverified
AKA Marwadi Financial Services
FindMyFX score
critical risk3.1/10
0
Score out of 10
10
Independent assessment
Updated 2026-07-27
Contact & regulation
- Official website
- marwadionline.com
- Address
- Not verified
- Contact
- Not verified
- Primary license
- SEBI · Unverified
Missing values mean the information has not been verified or published yet—not that the broker does not provide it.
Quick verdict
Is Marwadi Shares and Finance legit and regulated?
FindMyFX has license records for Marwadi Shares and Finance, but none is currently presented as fully verified. Check each entity, jurisdiction, source, and verification date before depositing.
This is a source-limited research summary, not a safety guarantee or investment recommendation.
Broker-provided profile information is reviewed before publication. Paid profile features never affect FindMyFX scores, license verification, risk flags, reviews, complaints, or editorial decisions.
Broker-provided company information
Marwadi Shares and Finance is an Indian exchange broker with enabled currency-derivatives services and a proprietary mobile trading application.
Professional broker overview
FindMyFX editorial summary
Marwadi Shares and Finance Limited publishes SEBI registration INZ000174730 and exchange-approved segments including currency and commodity derivatives. Its official materials state that currency-derivatives trading is available, while the MDigital app provides access to equities and derivatives. SEBI published an adjudication order in the matter of the company on April 3, 2025; the accessible notice did not summarise the detailed findings.
Prepared from reviewed sources for informational purposes. This is not investment advice.
Editorial note: The detailed findings and outcome of the cited 2025 SEBI order require staff review of the full order; no conclusion is drawn beyond the existence of the enforcement publication.
- Operational status
- active
- Broker type
- unknown
- Execution model
- Not verified
- Support hours
- Not verified
Support languages: English
Documented advantages
- Official materials publish the SEBI registration and exchange membership numbers.
- Currency derivatives and a proprietary mobile platform are publicly identified.
Documented limitations
- Official public materials reviewed did not provide spot-forex spreads, minimum deposits or a universal leverage ratio.
- SEBI published an adjudication order concerning the company in April 2025.
100%coverage
Published profile coverage
8 of 8 core information groups currently contain published data. This measures data availability, not broker quality or safety.
Company structure
Legal entities
Registered companies associated with this broker profile.
Markets and instruments
Commodity derivatives
unverified
currency derivatives
unverified
Equities
unverified
equity derivatives
unverified
Research sources
MDigital: Stock Trading App
Apple App Store
unverified
Marwadi Financial Services Back Office
Marwadi Shares and Finance Limited
unverified
Adjudication Order in the matter of Marwadi Shares and Finance Limited
Securities and Exchange Board of India
unverified
Marwadi Shares and Finance Limited Member Details
National Stock Exchange of India
unverified
Licenses and regulators
SEBI
INZ000174730
Last verified: Not shown
Type: Stock broker
Client class: retail
Compensation: Not shown
Segregated funds: Unknown
Negative balance protection: Unknown
Risk flags
SEBI adjudication order published in April 2025
medium · draftSEBI published an adjudication order in the matter of Marwadi Shares and Finance Limited on April 3, 2025. The accessible notice did not summarise the findings, so the full order requires staff review.
Jurisdiction-specific offerings
IN · retail
unverifiedEntity not linked · Leverage not shown
Compensation scheme not shown
Score components
Regulation and licenses
5.0/10 · 35%A SEBI registration and exchange-approved segments are disclosed in official app and company materials.
Security and track record
2.5/10 · 20%Regulated exchange participation is documented, but a 2025 SEBI adjudication order requires detailed review.
Trading conditions
2.5/10 · 15%Currency derivatives and the mobile platform are confirmed, but leverage, deposits and spread data are absent.
Company transparency
5.0/10 · 10%The legal entity, registration, memberships and app are disclosed, but public condition data are sparse.
Service quality
0.0/10 · 10%No independently verified service-quality dataset was reviewed.
Verified user reviews
0.0/10 · 10%No inspectable verified-user-review dataset was identified.
Profile update history
Broker profile was published.
2026-07-25
Related regulated broker profiles
These profiles share at least one recorded regulator. This is not a recommendation or equivalence claim.