Short answer — mixed and limited. Findoc (also written Findoc / Findoc) presents itself as an Indian stock-broking and financial-services group (trading app, demat, algo trading, and a recently announced digital‑lending arm). Independent, reliable public feedback is sparse; third‑party listings and some user review sites show low app/firm ratings and occasional complaints, while press releases and the company site describe new product launches and exchange memberships. (Findoc.com)
What people are saying (summary of the main signals)
- Company claims and marketing: Findoc’s website and press items promote full broking services, algo trading, demat accounts and a Findoc Finvest lending arm launched in 2024–2025. These are official/company statements. (Findoc.com)
- Low/poor third‑party ratings: some broker review aggregators and app‑rating pages list poor app ratings or low “gene/index” style scores for Findoc. That suggests limited user satisfaction or low adoption in public app‑store/popular review channels. (WikiStock.com)
- Forum / community chatter: there are general Reddit threads and forum posts warning users to be careful with trading schemes and some posts about trading scams; I found community warnings about scams in the trading space, but not a large volume of credible, specific, long‑running complaints that name Findoc repeatedly in mainstream consumer‑complaint portals. (Forums show caution around small/less‑known brokers and prop‑trading schemes generally.) (Reddit.com)
What this likely means for you
- Not enough high‑quality, large‑sample public reviews to confidently call Findoc “trusted” or “untrustworthy.” Official claims exist; independent user feedback appears limited and leans negative on some review pages. Treat it as a smaller/less‑proven player compared with major Indian brokers unless you find up‑to‑date, verifiable positive references. (Findoc.com)
Practical due diligence steps (recommended)
- Verify SEBI registration and membership details: check that the broker and any NBFC arm are registered with SEBI / recognized exchanges (NSE, BSE) and that the NBFC has RBI/other required registrations. Use official SEBI / exchange / RBI registries. (Findoc.com)
- Check current app store listings and ratings (Google Play / Apple App Store) and recent user reviews for complaints about order execution, fund withdrawals, KYC, or customer support. (App ratings can change rapidly.) (WikiStock.com)
- Confirm terms in writing before transferring funds: read margin, brokerage, withdrawal, and dispute/escrow terms; insist on a formal client agreement and documented support channels.
- Search for recent news or regulator actions (press + SEBI orders) mentioning the company name before opening an account.
- If possible, test with a small amount first and monitor settlement/withdrawal behavior.
If you want, I can:
- Look up the broker’s current SEBI/Exchange registration entries and the Findoc app ratings in Google Play / App Store (I’ll pull live links and cite them). (This requires me to fetch up‑to‑date online records — do you want me to do that now?)