Accounts and service model
Sections ↑Three client relationships
| Route | Who provides the account |
|---|---|
| Indian brokerage / demat | Emkay Global Financial Services LimitedSource 1Source 5Source 6 |
| Stockal route | Emkay refers; US brokerage relationship through DriveWealth as describedSource 1Source 5Source 6 |
| India INX route | Emkay IFSC affiliate refers to international providers; Interactive Brokers namedSource 1Source 5Source 6 |
| Managed/advised services | Separate group companies and mandatesSource 1Source 5Source 6 |
Published onboarding paths
| Applicant | Document route |
|---|---|
| Individuals | Resident, NRI and foreign-national checklistsSource 2 |
| Entities | Corporate, LLP, partnership, HUF, trust and society checklistsSource 2 |
| Resident-to-NRI change | Status evidence, bank modification, KYC and FATCA/FEMA documentationSource 2 |
| Segment additions | Separate additional-trading-segment formSource 2 |
Markets and instruments
Sections ↑Published Indian permissions
Exchange-currency derivatives are part of the Indian regulated market structure. Overseas cash-investing referrals are a separate service, not a route to infer offshore leveraged FX permission.[1][6]
INR currency derivatives remain hedging products. RBI’s 10 October 2026 circular reduced the aggregate exchange documentation threshold to USD 5 million; that threshold is not permission for unhedged speculation.[10]
Trading and account costs
Sections ↑The live download directory links an Emkay tariff PDF, but the document returned a request-rejected response. Current brokerage, DP debit/maintenance and financing amounts therefore remain unverified. A signed account tariff is required for an actual cost comparison; the blocked document is not evidence of zero fees.[2]
Cost boundaries between services
| Service | What cannot be combined |
|---|---|
| Indian trading | Brokerage and statutory/exchange charges on the local accountSource 2Source 5Source 6 |
| Demat | Maintenance, debit and pledge tariffs for the DP accountSource 2Source 5Source 6 |
| Overseas remittance | Bank conversion spread and transfer feesSource 2Source 5Source 6 |
| Overseas brokerage | Carrying broker and selected platform’s own scheduleSource 2Source 5Source 6 |
Platforms, orders and margin
Sections ↑Published technology routes
| Route | Scope |
|---|---|
| IT directory | EmkayBlitz, xHawkeye, BEST and related utilitiesSource 3Source 2 |
| Website login | Customer code/login plus password and verification flowSource 3Source 2 |
| Password changes | At least 14 characters, including number, special character and uppercase letterSource 3Source 2 |
| Access changes | Published forms to deactivate e-broking, NEST Diet and electronic servicesSource 3Source 2 |
| Dormant account | Dedicated trading-account reactivation formSource 3Source 2 |
Funding and withdrawals
Sections ↑Indian-account payment controls
| Item | Published treatment |
|---|---|
| Permitted recipient | Designated Up Streaming Client Nodal Bank Account (USCNBA)Source 4 |
| Bank examples | Axis, HDFC, ICICI, IDFC First, IndusInd, Kotak, SBI and DBSSource 4 |
| Verification | The broker says its USCNBA details are also filed with exchangesSource 4 |
| Live instructions | Use the current official page; bank-account numbers are not reproduced hereSource 4 |
Overseas account funding
| Route | Operational distinction |
|---|---|
| Stockal | Bank remittance funds the overseas brokerage account after approvalSource 5Source 6 |
| Stockal withdrawal | Withdraw Funds request to the client’s Indian bankSource 5Source 6 |
| India INX | Executing/carrying provider handles the account and transactionsSource 5Source 6 |
| Exchange conversion | Illustrative bank costs on the INX page are dated examples, not current ratesSource 5Source 6 |
Regulation and asset protection
Sections ↑Custody and entity boundaries
| Item | Evidence |
|---|---|
| Indian DP | CDSL DP 23000; IN-DP-60-2015Source 8Source 5Source 6 |
| US Stockal route | DriveWealth is identified as carrying/clearing providerSource 8Source 5Source 6 |
| Emkay’s Stockal role | Referral only; no handling of that route’s client cash or securitiesSource 8Source 5Source 6 |
| INX affiliate role | Referral; provider completes KYC and execution directlySource 8Source 5Source 6 |
The CDSL record’s website field points to stellarfin.com, a site identifying Stellar Securities Private Limited. Its legal-name and DP-number fields still identify Emkay. That anomalous link is not used as evidence of a business transfer or as the account-opening destination.[8][9]
Support and complaints
Sections ↑Published complaint routes
| Purpose | Contact |
|---|---|
| Broking / research customer care | 022 6629 9175 / 9179 / 9270; [email protected]Source 7Source 3 |
| Depository customer care | 022 6617 5431 / 5435 or 022 6629 9195; [email protected]Source 7Source 3 |
| Login support | [email protected]Source 7Source 3 |
| External escalation | Official contact page links SEBI SCORES and SMART ODRSource 7Source 3 |
| Registered office | The Ruby, seventh floor, Senapati Bapat Marg, Dadar West, Mumbai 400028Source 7Source 3 |
Additional services
Sections ↑Records and account administration
| Service | Published process |
|---|---|
| Consolidated statement | CDSL e-CAS retrieval using PAN, BO ID, date of birth and OTPSource 2 |
| Reporting forms | Electronic contract note and digital statement registrationSource 2 |
| Freezing | Separate trading-access policy and demat freeze/unfreeze applicationSource 2 |
| Closure | Trading/DP closure form; service deactivation forms are separateSource 2 |
Company and legal entities
Sections ↑Related firms are separate mandates
| Entity | Published activity |
|---|---|
| Emkay Investment Managers Limited | Portfolio manager; INP000004458Source 1Source 8 |
| Emkay Wealth Advisory Limited | Investment adviser; INA000013961Source 1Source 8 |
| EmkayGlobal Financial Services IFSC Private Limited | IFSC member; INZ000287538Source 1Source 8 |
| Emkay Commotrade Limited | Commodity broker; INZ000044936Source 1Source 8 |
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
Emkay Global Financial Services Limited
No separate licence entry is recorded in this panel.
Sources & further reading
- Broker and group registration disclosures Emkay Global Financial Services · Accessed 26 Oct 2026
- KYC, account and depository forms Emkay Global Financial Services · Accessed 26 Oct 2026
- IT downloads and account access Emkay Global Financial Services · Accessed 26 Oct 2026
- Designated client bank accounts Emkay Global Financial Services · Accessed 26 Oct 2026
- Stockal global-investing referral terms Emkay Global Financial Services · Accessed 26 Oct 2026
- India INX global-access referral terms Emkay Global Financial Services · Accessed 26 Oct 2026
- Client service and escalation matrix Emkay Global Financial Services · Accessed 26 Oct 2026
- Current depository-participant record Central Depository Services (India) Limited · Accessed 26 Oct 2026
- Destination of anomalous CDSL website field Stellar Securities Private Limited · Accessed 26 Oct 2026
- RBI circular 25, 10 October 2026 Reserve Bank of India · Accessed 26 Oct 2026
This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.