PRB Securities
We checked PRB Securities against the AskCheck register. It has been reported (2024) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
What we found
PRB Securities purports to have been in operation since 1995, boasting an alleged history of over 24 years under the regulation of the Securities and Exchange Board of India (SEBI). The broker's website advertises services for forex trading. However, it's important to note that there are no specific regulations for the forex market in India, and SEBI licenses Stock brokers in the Currency Derivative segment, not Forex brokers or Forex trading activities. While we discovered a licensee with a name identical to PRB Securities, the records from SEBI are insufficient to confirm if this license is indeed associated with PRB Securities. Contradicting the license's validity date and the broker's claimed history, the domain name prbsecurities.com was first registered in November 2011. Even if this license were linked to PRB Securities, it's crucial to understand that as a forex broker, it would remain unregulated due to the lack of relevant regulations in India. In summary, PRB Securities, as broker, is providing unregulated services for forex trading. Entrusting them with investors' funds is highly risky, as there are no legal protections in place to safeguard these funds. We advise against investing with PRB Securities.
Assessment source: FastBull BrokersView.
What to do next
- Stop sending money. Don’t make another deposit, pay a “tax” or “release fee”, or share remote-access to your device.
- Gather your evidence. Save statements, chat logs, transaction IDs and the wallet addresses you paid to.
- Report it to your regulator and to local police / action-fraud line so it’s on the official record.
- Add your report here so the next person searching this name is warned — report PRB Securities.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.