A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.
| Factor | Score | Weight |
|---|---|---|
| Regulation & licensing | 38 | 35% |
| Company age | 22 | 15% |
| Clone / impersonation | 0 | 12% |
| Withdrawal & exposure complaints | 0 | 12% |
| Offshore registration | 45 | 8% |
| Transparency (site/info/social) | 25 | 10% |
Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.
| Regulator | License type | License No. | Region | Status |
|---|---|---|---|---|
| SEBI | Forex Trading License (AGN) | INZ000202536 | India | Regulated |
| SEBI | Forex Trading License (AGN) | INZ000186135 | India | Regulated |
| SEBI | Derivatives Trading License (AGN) | INZ000043630 | India | Regulated |
Across 1 recent Trustpilot reviews, 0% are 1–2 star.
0NIRMAL BANG is a forex and CFD broker based in India, with records dating to 2019-07-11. It reports oversight from SEBI.
FXCanary’s verdict is “Guarded.” There are enough red flags that we’d urge caution before depositing.
Overview compiled by FXCanary from regulatory records and public data. full NIRMAL BANG review