Ajcon Global Services Limited Review 2026
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- N/A
- AjconOnline
- Ajcon Global app
- NOW
- NEST
- Leverage is up to 1:5 (for stocks) according to SEBI regulations
- Access to IPOs, transaction support, consulting, portfolio management
Our Evaluation of Ajcon Global Services Limited
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Ajcon Global Services Limited is a broker with higher-than-average risk and the TU Overall Score of 3.53 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Ajcon Global Services Limited clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
How we tested Ajcon Global Services Limited
Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Brief Look at Ajcon Global Services Limited
Ajcon Global Services Limited, also known as Ajcon Global and AGSL, is a licensed broker that provides clients in India with a full range of investment and advisory services. The company has operated since 1986 and is a member of the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). Through the AjconOnline platform, clients can invest in stocks, bonds, futures, and options, and participate in initial public offerings (IPOs). The broker also provides access to mutual funds. Ajcon Global Services Limited is regulated by the Securities and Exchange Board of India (SEBI) and serves both retail and institutional investors.
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- Regulated activity, long history, and strong reputation.
- Direct access to Indian stock markets.
- Integration of trading and depository functions.
- Services available online and through physical branches.
- Ability to trade derivatives, including options and futures.
- Online KYC support and remote account opening.
- Services for retail investors and NRI clients with compliance for residents and nonresidents.
- Outdated platform interfaces.
- Fewer digital tools compared with fintech brokers.
- Limited service availability for clients outside India.
TU Expert Verdict
Chief Analytics Officer
Ajcon Global Services Limited provides access to trading stocks, bonds, ETFs, derivatives including options and futures, and IPOs through membership in the National Stock Exchange and Bombay Stock Exchange. The broker operates under regulation by the Securities and Exchange Board of India and serves both retail and institutional investors, including NRIs. Its platforms, AjconOnline, Ajcon Global app, NOW, and NEST, allow clients to trade from desktop or mobile, with in-person branch support available. Clients benefit from integrated trading and Demat accounts, robust compliance with Indian regulations, and access to fundamental and technical analysis alongside portfolio management services.
A few disadvantages are an outdated platform interface, fewer digital automation tools than fintech competitors, limited availability to clients outside India, and the absence of a transparent published fee schedule. These factors may not suit traders seeking extensive digital features, global market access, or full fee transparency. The broker is best for investors focused on Indian markets who value regulatory compliance and local support.
Ajcon Global Services Limited Summary
Your capital is at risk. The risk of loss in online trading of stocks, options, futures, currencies, foreign equities, and fixed Income can be substantial.
| 💻 Trading platform: | AjconOnline, Ajcon Global app, NOW, NEST |
|---|---|
| 📊 Accounts: | Trading Account, Demat Account, NRI Account, 2-in-1 and 3-in-1 |
| 💰 Account currency: | INR |
| 💵 Deposit / Withdrawal: | Bank transfer, NEFT, RTGS, IMPS, UPI |
| 🚀 Minimum deposit: | N/A |
| ⚖️ Leverage: | Leverage is up to 1:5 (for stocks) according to SEBI regulations |
| 💼 Copy Trading: | No |
| 📈️ Min Order: | According to exchange requirements and instrument |
| 💱 EUR/USD spread: | N/A |
| 🔧 Instruments: | Stocks, bonds, ETFs, derivatives (options and futures), IPOs, NCDs |
| 💹 Margin Call / Stop Out: | N/A |
| 🏛 Liquidity provider: | N/A |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Market and pending (including limit) orders |
| ⭐ Trading features: | Access to IPOs, transaction support, consulting, portfolio management |
| 🎁 Contests and bonuses: | No |
Ajcon Global Services Limited provides access to IPOs, derivatives, stocks, and bonds through NSE and BSE. The company’s trading platforms support cross-device access, allowing clients to place trades through desktop platforms and mobile applications. The broker offers relatively few digital automation tools, which can be a drawback for traders who expect more advanced fintech features.
Ajcon Global Services Limited Key Parameters Evaluation
Trading Account Opening
Ajcon Global Services Limited supports both in-person and remote account opening. Registration can be completed through the official website, by email, or through a company representative. After documents are verified and client details are confirmed, the client receives a unique trading ID and the accounts are registered with the Central Depository Services (India) Limited (CDSL).
Steps to create a user account:
Complete the application form on the website or submit the PDF version.
Provide copies of PAN card, Aadhaar, bank statement, and a photo.
Complete KYC verification, including video verification if required.
Sign the agreements in paper or digital form.
Confirm account opening by email and receive login credentials.
Features of the user account through the AjconOnline platform:
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View balances and current positions across all instruments.
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Place and cancel market and limit orders.
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Access trade history and tax reports.
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View reports on dividends and payouts.
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Submit withdrawal requests.
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Access analytics and trading recommendations.
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Configure notifications via email and SMS.
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Download account reports in PDF format.
Is Ajcon Global Services Limited Safe?
The company is regulated by Securities and Exchange Board of India (SEBI) and is a registered member of the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). Client assets are held in Demat Accounts at CDSL, the central depository of India. This guarantees asset protection and complies with national stock market standards.
All open accounts undergo full KYC compliance and are protected through measures such as two-factor authentication, encrypted access, and regular internal audits. This complies with SEBI regulations and ensures a high level of data and asset protection.
Advantages
- Strict standards for transparency, reporting, and investor rights protection
- Legal operations with electronic recording of client assets
- High level of security and compliance with Indian regulations
Disadvantages
- Restrictions for non-residents and foreign clients
- No access to international markets
- Slow verification processes and strict bureaucracy
Commissions and Fees
Ajcon Global Services Limited charges commissions according to SEBI regulations and NSE/BSE standards. The broker’s official website does not publish a detailed tariff table. Clients should expect standard market charges that include brokerage commission, depository fees, and annual maintenance charges for Demat accounts. Exact fees must be confirmed with a company representative during the account opening process.
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| Investment account | Depends on the asset and trade conditions | Possible bank commission |
Ajcon Global Services Limited uses a combined pricing model. Fixed fees and percentage-based charges vary depending on the asset class and trade volume.
Account Types
Ajcon Global Services Limited offers a standard set of accounts for access to the Indian stock market in line with SEBI requirements and the NSE and BSE infrastructure. All investors, including individuals and NRIs, must open at least two linked accounts: a trading account and a Demat account.
Through partnerships with banks such as Bank of India, Ajcon Global Services Limited also provides integrated 2-in-1 and 3-in-1 accounts that combine trading, Demat, and savings accounts.
All accounts comply with SEBI regulations and allow clients to legally invest in Indian assets under tax and currency rules.
Deposit and Withdrawal
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Financial transactions can be performed via NEFT, RTGS, IMPS, and UPI.
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For 3-in-1 accounts, funds are credited automatically.
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Withdrawals are allowed only to the verified bank account specified during registration.
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Processing time is 1–2 business days.
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The broker does not charge withdrawal fees, but bank charges may apply.
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Withdrawal requests are submitted via AjconOnline or by written order.
Investment Options
Ajcon Global Services Limited offers a wide range of investment instruments for both retail and institutional clients. The broker places particular focus on portfolio management and advisory support. Depending on the client segment and asset volume, Ajcon Global Services Limited provides strategic solutions through its Portfolio Management Services (PMS).
PMS (Portfolio Management Services)
Portfolio Management Services (PMS) is designed for investors seeking passive income from the stock market without directly managing investments. Clients entrust funds to Ajcon Global Services Limited, which builds and manages portfolios based on pre-agreed strategies.
Key features of PMS:
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Strategies focused on stable income: selection of dividend-paying stocks, bonds, NCDs, and balanced ETFs.
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Full portfolio support: the investor does not participate in daily trading but receives reporting and recommendations.
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Automatic asset rebalancing: to maintain portfolio structure in line with market conditions and income targets.
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Regular reports: in compliance with SEBI requirements and with a convenient breakdown by asset type and returns.
The minimum PMS investment amount depends on the chosen strategy and is disclosed during onboarding. Management fees are charged as a percentage of assets under management (AUM) or profits, with no hidden charges.
Ajcon Global Services Limited partnership program
The company offers a partnership program aimed at expanding its client base through collaboration with individuals and organizations. Potential partners include financial consultants, bloggers, website owners, influencers, and investment professionals.
Terms of participation are not publicly disclosed. Interested parties must apply via the official website, after which managers will contact them with details and a personalized offer.
Customer Support
Ajcon Global Services Limited provides support in both online and offline formats. Working hours are Monday through Saturday, 8:00 to 17:00 IST, excluding holidays.
Advantages
- Phone consultations with company representatives.
- Technical support for AjconOnline.
- Advisory for account opening, platforms, IPOs, and trading.
Disadvantages
- No online chat on the website.
- No 24/7 support.
Available communication channels:
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Email.
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Phone.
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Physical offices across India.
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Feedback form.
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LinkedIn, Instagram, Facebook.
The user account is designed for placing orders, viewing balances, accessing reports, and managing assets, rather than communicating with support.
Contacts
| Foundation date | 1986 |
|---|---|
| Registration address | 408, Express Zone, A – Wing, Cello-Sonal Realty, Western Express Highway, Goregaon (East), Mumbai 400063 |
| Regulation |
SEBI
Licence number: INZ000173933 |
| Official site | https://ajcononline.com/ |
| Contacts |
+91 2267160400, +91 02228722062
|
Education
Ajcon Global Services Limited provides access to analytical and educational materials through its official website and also shares resources on request as part of its advisory services. The broker does not offer a full educational portal with video courses or interactive programs, but it provides a basic set of materials for independent market study.
There are no online courses, webinars, or a structured article library on the broker’s site. It focuses on guiding investors through personalized communication rather than mass digital education.
Detailed review of Ajcon Global Services Limited
Ajcon Global Services Limited is an Indian investment and financial company headquartered in Mumbai. It provides brokerage, advisory, and analytical services to retail, institutional, and NRI investors. The company follows a traditional model focused on the Indian stock market and offers access to exchange-traded instruments, research, and personalized advisory support, which suits investors who prefer a fundamental approach.
Ajcon Global Services Limited by the numbers:
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35+ years of experience.
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Authorized capital: INR 100,000,000.
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Market capitalization: INR 640,000,000.
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Paid-up capital: INR 61,162,000.
Ajcon Global Services Limited is a reliable broker focused on the Indian market
Clients can invest in stocks, bonds, ETFs, derivatives including futures and options, IPOs, and debt instruments such as NCDs. For trading, Ajcon Global Services Limited provides the proprietary AjconOnline platform for retail investors. It supports integration with a partner bank, Bank of India, as well as standard access through a regular login. The broker also offers the NOW and NEST platforms developed by NSE for active traders.
In addition to brokerage services, the company provides personalized investment and tax planning consultations, portfolio management services, and research and educational materials for clients.
Useful services of Ajcon Global Services Limited:
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Ajcon PMS (Portfolio Management Services): tailored investment strategies based on client profiles, including for high-net-worth individuals (HNI).
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Research & Reports: analytical reviews, technical and fundamental analysis, commentary on market events, and sector-based ideas.
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Investor’s Delight: a monthly research report featuring fundamental market overviews, sector forecasts, and key stock analysis based on financial models and company statements.
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Market Wrap: a daily market review analyzing index movements, key factors, external events, and short-term expectations for market participants.
Advantages:
Registration with Indian exchanges and CDSL.
Ability to participate in IPOs directly.
Integrated bank and Demat Accounts (2-in-1 and 3-in-1).
Physical office network across India.
Platform compatibility with mobile devices.
Reliable partnerships with leading Indian banks.
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