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Vardhaman Capital

India|2-5 years|
Suspicious Scope of Business|High potential risk|


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+91 033-68202020
25 Swallow Lane, Wardley House, 2nd Floor, Kolkata, 700001 West Bengal, India


No valid regulatory information, please be aware of the risk!

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No restriction on the broker account. Support service provided by WikiFX

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Warning: Low score, please stay away! 2
Previous Detection : 2024-07-12
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

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Vardhaman Capital · WikiFX Survey

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Vardhaman Capital · Company Summary

Vardhaman Capital Review Summary
Company Name Vardhaman Capital Pvt Ltd
Registered Country/Region India
Regulation No Regulation
Products & Services Equity trading at NSE and BSE, Derivative trading at NSE and BSE, Distribution of mutual fund products, Distribution of IPO, RBI Bonds etc, Internet trading, Dedicated Equity research, Depository services(NSDL)
Demo Account N/A
Leverage N/A
Spread N/A
Commission N/A
Trading Platforms Web Trading and Mobile App Available
Minimum Deposit N/A
Customer Support Tel: 033-68202050/58; Email:; Social Media: Facebook, Twitter, Instagram, Youtube

What is Vardhaman Capital?

Vardhaman Capital Pvt Ltd, based in India, is a financial company that is currently not operating under any disclosed regulatory body, providing users with various products and services.

Vardhaman Capital‘s homepage

Pros & Cons

Pros Cons
  • Multiple Customer Support Channels
  • Limited Information on Trading Conditions
  • Various Products & Services Provided
  • No Regulation
  • Web Trading and Mobile App Available
  • Lack of a Clear Guide on the Official Website


  • Multiple Customer Support Channels: Vardhaman Capital provides various customer service channels including telephone, email, social media, and a physical office address, offering flexibility and convenience to its clients.

  • Various Products & Services Provided: Vardhaman Capital offers a wide range of financial services, from equity and derivative trading, to the distribution of mutual funds, IPOs, and RBI Bonds, inclusive of Internet trading and depository services.

  • Web Trading and Mobile App Available: Vardhaman Capital allows users to engage in online trading via web trader and mobile app, which brings much convenience.


  • Limited Information on Trading Conditions: There is limited information on the specific trading conditions (like leverage, account types, spread, and fees) which could potentially hinder transparency and informed decision-making for potential clients.

  • No Regulation: The company isn't regulated by any known financial authority, posing a significant risk to potential investors.

  • Lack of a Clear Guide on the Official Website: The absence of straightforward and clear guides or instructions on the official website can make it difficult for potential clients to understand and use their services effectively.

Is Vardhaman Capital Safe or Scam?

  • Regulatory Sight: Vardhaman Capital Pvt Ltd does not operate under the oversight of any regulatory body according to the provided information. This absence of regulation means that there is a notable absence of financial safeguards and standards associated with regulated financial entities, posing potential risks to investors.

No license
  • User Feedback: Users should check the reviews and feedback from other clients to gain a more comprehensive sight of the broker, or look for reviews on reputable websites and forums.

  • Security Measures: So far we haven't found any information about the security measures for this broker.

How to Open an Account?

  • Choose the Method of Opening: Clients have the option to either visit the office or have the company visit their location to start the account opening process. There is also an option to open an account online via the NSDL Instigo platform.

  • Gather Information: In a meeting with the clients, information is collected about their investment experience in the capital market, investment strategies, background, and current financial situation.

  • Guidance on Procedures: Customers are guided comprehensively on the procedures and conditions associated with investing in various segments of the capital market, including operational procedures.

  • Document Collection and Verification: After satisfying information accuracy, necessary documents are collected from clients and checks and verification are conducted as per exchange rules and regulations, including KRA/CKYC.

  • KYC Form Completion: Thereafter, the firm assists clients in completing the KYC form.

  • KRA & CKYC Process: After the KYC forms are duly filled, signed, and stamped with required documents, the KRA & CKYC process is completed. Unique Client Code (UCC) and Depository Participant (DP) details are created in the back-office software and this information is uploaded to the exchange portal.

  • Document Submission: Client master/UCC creation information along with the required documents are sent as per exchange rules.

  • UCC Mapping: The UCC is mapped in the frontend software for online or offline trading, inclusive of necessary surveillance checks.

  • Margin Guidance: The firm provides necessary guidance to clients on how to provide an upfront margin and navigate other pre-trade and post-trade related procedures.

account opening flowchart

Products & Services

  • Equity Trading at NSE and BSE: Allows clients to buy and sell shares of stocks listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) in India.

  • Derivative Trading at NSE and BSE: Clients can trade financial derivatives such as futures and options on the NSE and BSE.

  • Distribution of Mutual Fund Products: Vardhaman Capital also assists its clients in investing in various mutual fund schemes.

  • Distribution of IPO: Provides assistance to clients looking to invest in Initial Public Offerings (IPOs), helping them buy shares of companies that are going public for the first time.

  • RBI Bonds: Helps in buying and selling bonds issued by Reserve Bank of India (RBI), which can offer stable returns over the long term.

  • Internet Trading: Provides an online platform where clients can trade securities over the Internet.

  • Dedicated Equity Research: Offers equity research services to help clients make informed investment decisions.

  • Depository Services (NSDL): Provides depository services through NSDL, meaning they can hold customers' securities (like shares, debonds, etc.) in electronic form.

Products & Services

Trading Platform

Vardhaman Capital provides its clients with an accessible and convenient way to manage their trades through its online trading platform - both web-based and mobile.

The web trading platform allows users to engage in online trading activities directly through the browser without having to download any software. It is designed to be user-friendly and can be accessed from any device with internet connectivity.

Alongside the web trading platform, Vardhaman Capital also offers a mobile trading app - VCPL Markets App. The app integrates all the features of the web platform into a convenient and user-friendly mobile application. This provides a more flexible trading experience, as clients can easily manage their trades on the go, from any location, using their smartphones.

Customer Service

  • Telephone: Clients can reach out via phone on the provided numbers - 033-68202050/58 for any immediate or voice-based assistance.

  • Email: Email support is also available at This can be handy for detailed queries or when needing to attach any documents.

  • Social Media: For updates and general queries, they operate active profiles across multiple social media platforms such as Facebook, Twitter, Instagram, and YouTube.

  • Office Visit: Clients can also visit their office at 25 Swallow Lane, Wardley House, 2nd Floor, Kolkata, 700001 West Bengal, India for face-to-face assistance or discussion.

Detailed information on Vardhaman Capital's customer service can be seen below.

contact details
Products & Services


Vardhaman Capital Pvt Ltd offers a range of products and services to facilitate various types of trading, providing options for equity and derivative trading, distribution of mutual funds, IPOs, RBI Bonds, alongside several other services. However, the firm operates without any regulatory oversight, and its official website employs many professional financial terminologies that could be puzzling for novice traders, making it more suitable for risk-takers and experienced traders.

Frequently Asked Questions (FAQs)

Q: Does Vardhaman Capital operate under any regulatory oversight?

A: No, Vardhaman Capital is not currently operating under any disclosed regulatory body.

Q: Does Vardhaman Capital assist in investing in mutual funds and IPOs?

A: Yes, Vardhaman Capital assists its clients in investing in both mutual funds and Initial Public Offerings (IPOs).

Q: Is Internet trading possible with Vardhaman Capital?

A: Yes, Vardhaman Capital provides an online platform for clients to trade securities over the Internet.

Q: Can I get equity research services from Vardhaman Capital?

A: Yes, Vardhaman Capital offers dedicated equity research services to help clients make informed investment decisions.

Q: What depository services does Vardhaman Capital provide?

A: Vardhaman Capital provides depository services through NSDL, meaning they can hold customers' securities such as shares, debonds, etc., in electronic form.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

Broker Information

Company Name

Vardhaman Capital Pvt Ltd


Vardhaman Capital

Regulatory Status

No Regulation

Platform registered country and region


Phone of the company
  • +91 033-68202020







Company address
  • 25 Swallow Lane, Wardley House, 2nd Floor, Kolkata, 700001 West Bengal, India







Customer Service Email Address

Company Summary

User Reviews

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more than one year
It turned out to be a blacklisted entity, and withdrawal requests were consistently denied with various excuses. To make matters worse, the platform has disappeared altogether. Dealing with them has been frustrating, and I'm left wondering how to proceed in such a situation.
2023-12-20 23:23
more than one year
Vardhaman Capital's official website seems to be very crowded with content, and I can't find what I want to know quickly. Anyway I have no interest in trading forex or other instruments here. I also don't want to ask their live support for information, I think it's a waste of time. Goodbye, Vardhaman!
2023-03-14 16:49


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