What is PESB？
PESB (Pune e-Stock Broking Pvt. Ltd.) is an unregulated financial services provider based in Pune, India. Established in 2007, PESB offers a range of services, including equity and derivatives trading (broking services), mutual funds, depository services, currency trading, and participation in Initial Public Offerings (IPOs).
The platform aims to provide a dynamic and versatile trading experience for clients through user-friendly platforms like Web-Based Trading Aero and the Trading Mobile App. Moreover, PESB provides comprehensive educational resources and has accessible customer support channels.
Pros & Cons
Pros:
Education: Knowledge Center provides information on various aspects of trading.
Trading Platforms: Web-Based Trading Aero and Mobile App offer dynamic and versatile trading experiences.
Multiple Customer Support Channels: PESB provides various customer support channels including phone, email, and contact form (24/7 support), enhancing accessibility and assistance for clients.
Cons:
No Regulation: The lack of valid regulation raises significant safety and trust concerns, as regulatory oversight is crucial for ensuring customer protection and platform transparency. There are also reports of being unable to withdraw and scams, adding to the cons of the platform.
Is PESB Safe or Scam？
PESB currently lacks valid regulation, which raises significant concerns about its safety and legitimacy. Regulatory oversight is crucial for ensuring that a financial services provider operates within established standards and adheres to specific rules and requirements designed to protect investors and clients. Without proper regulation, there is an increased risk of fraudulent activities, scams, and inadequate consumer protection.
Market Instruments
PESB extends a diverse array of trading instruments spanning various asset classes, ensuring a comprehensive platform to meet the multifaceted needs of investors.
Broking: Engage in equity and derivatives trading with PESB's robust broking services. Benefit from our expertise and seamless execution to navigate the dynamic world of financial markets.
Mutual Funds: Diversify your investment portfolio with our Mutual Funds offerings. PESB provides access to a curated selection of mutual funds, allowing you to invest in a range of asset classes through professionally managed funds.
Depository Services: Safeguard your securities with PESB's depository services. Enjoy a secure and efficient system for the safekeeping and transfer of your financial assets.
How to Open an Account？
Steps:
Follow the on-screen instructions to input your personal and contact details.
Set a secure password for your account.
Read and agree to the Terms and Conditions and any other policy as required.
Click the green “Get OTP” button.
An email will typically be sent to your registered email address to verify your account. Ensure to check your inbox and spam folders.
Click on the link received in the verification email to activate your account.
Trading Platforms
PESB is dedicated to providing a dynamic and versatile trading experience for our clients through a range of innovative platforms.
Web-Based Trading Aero: Immerse yourself in the world of seamless and intuitive trading with Web-Based Trading Aero. This platform offers a user-friendly interface accessible through web browsers, providing you with real-time market data, advanced charting tools, and efficient order execution—all at your fingertips. Experience the power of trading from any device with internet access.
Trading Mobile App: Stay connected to the markets on the go with the PESB Trading Mobile App. Designed for both iOS and Android devices, this app combines convenience with cutting-edge features. Enjoy the flexibility to monitor your portfolio, execute trades, and access market insights anytime, anywhere. The mobile app ensures that you never miss a market opportunity, putting the power of trading in the palm of your hand.
Customer Service
PESB provides a comprehensive and accessible customer support network. Their support team can be reached through different channels for ultimate convenience.
Phone Number: +9120-41000600/700 (Call & Trade Monday-Saturday, 9 am to 11 pm)
Email: info@pesb.co.in
Address: 1198 Shukrawar Peth, Subhash Nagar, Lane No. 3, Near Hirabaug Pune - 411002
Contact form (24/7 support)
Education
PESB is committed to empowering clients with comprehensive resources and policies to facilitate seamless and informed trading experiences. Explore Knowledge Center, you can find:
Fund Transfer:
Trading Mobile App:
RMS, Dormant Account, PMLA Policies:
Links to Various Sites:
Delivery-Securities:
Account Opening, Pledge, Buyback Procedures (Branch), NSDL Buyback Procedure, Checking Order Book Buyback Procedure (Branch):
Conclusion
In conclusion, PESB offers diverse trading instruments and platforms, including broking, mutual funds, and currency trading. While it provides user-friendly experiences through platforms like Web-Based Trading Aero, the absence of valid regulation raises safety concerns. The platform's educational resources and customer support are commendable, but traders should weigh the lack of a demo account and the Rs. 5000 minimum deposit requirement. Prospective users should carefully evaluate features and risks before opting for PESB.
Frequently Asked Questions (FAQs)
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.
