Indiabulls Ventures Review:
| Why Open Account with Indiabulls? | |
| 1 | Power India Bulls (PIB) is one of the most robust trading platform |
| 2 | The research reports are good and quantitative |
| 3 | Competitive brokerage rates |
| 4 | NRI Support is available |
 |
|
| Disadvantages of Indiabulls | |
| 1 | First of all, the trading platforms are not free. They charge for their activation |
| 2 | They are not very active on social media |
| 3 | The exposure margin is lower in comparison to peers |
| 4 | Brokerage is reasonable but transaction charges are little bit high |
About Indiabulls Brokerage:
With more than 7 lakh customers, Indiabulls ventures is one of the major stockbroker of India. Formerly they were known as Indiabulls Securities. Let me brief about their services, brokerage charges, trading platforms and more in this review.
They have presence in more than 18 cities and offer services under below mentioned segments:
- Equities
- Derivatives
- IPOs
- Mutual Funds
- Currency
- Commodities
- Bonds
Indiabulls Brokerage Charges:
I think their commission rates are reasonable and competitive. Compared to other full service brokers such as ICICIdirect (Charges 0.55%) and Sharekhan (Charges 0.50%), Indiabulls charges 0.3%. That to without any initial margin amount or prepaid brokerage, I can take it.
But if you are looking for lower rates than this, my advice is to look at discount brokers who charge flat fee.
Anyway, below table summarizes the brokerage charges of Indiabulls ventures,
| Segment | Brokerage Charges |
| Equity Delivery | 0.3% |
| Equity Intraday | 0.03% |
| Equity Futures | 0.03% |
| Equity Options | Rs 100/lot |
| Currency Futures | 0.03% |
| Currency Options | Rs 100/lot |
| Commodity | 0.03% |
Indiabulls Account Opening & AMC Charges:
The account opening and AMC charges are also reasonable in comparison to others.
- Demat Account Opening Charges : Zero
- Trading Account Opening Charges : Rs 750
- Demat Account Maintenance Charges (AMC) : Rs 450 / year
- Trading Account Maintenance Charges (AMC) : Zero
Indiabulls Trading Platforms:
The company has developed one of the stable trading platform for desktop called Power India Bulls (PIB). The PIB was very popular among the traders especially before the discount brokerage era.
But what I really don’t like about Indiabulls is they charge Rs 750 towards PIB activation which is not refundable. In this competitive industry, I think it was not required.
Along with PIB, they also offer platforms for Web and mobile. Let us have look at each of their platforms.
Power India Bulls (PIB):
One can download the executable file from their website and install in his/her laptop or desktop. This software is best suited for intraday traders who need faster access to market.
Some of the salient features of PIB are:
- Tic by Tic Intraday Charts, multiple market watch and technical analysis provision.
- Alerts can be customised for price , volume and percentage change etc
- Check market moves, top gainer/loser details
- Summary of world markets is provided
- Integrated market watch for equity and derivatives can be created
Indiabulls Web Trading (Shubh Web):
It is a browser based application and can be accessed from anywhere. You don’t have to install any softwares like PIB.
Previously their web trade was not at all upto the mark. It was not responsive. But recently hey launched a new platform called “Shubh”.
Shubh Web is a comprehensive web based trading platform with live streaming market data, advanced charts and an elegant design Shubh Web Platform gives you better trading experience and allows you to analyze markets smartly.
Indiabulls Mobile Trading (Shubh Mobile):
Shubh mobile is the traders who trade on the go. It is available for both Android and iOS operating systems.
Some of the other features include:
- Multiple Market watch
- Live streaming of data from stock exchanges NSE and BSE
- Trading and investment recommendation by Indiabulls research team
Pros and Cons of Indiabulls Brokerage:
Disadvantages:
In my opinion, below are the drawback of Indiabulls Ventures:
- First of all, the trading platforms are not free. They charge for their activation
- They are not very active on social media
- The exposure margin is lower in comparison to peers
- Brokerage is reasonable but transaction charges are little bit high
Advantages:
They also offer below benefits if you wish to open account with them:
- Power India Bulls (PIB) is one of the most robust trading platform
- The research reports are good and quantitative
- Competitive brokerage rates
- NRI Support is available
Indiabulls Brokerage Review : Final Thoughts
Apart from Power India Bulls (PIB), I honestly think they don’t have much to offer. Offcourse, the brokerage rates are less but at the same time transaction charges are high which compensates for lower brokerage.
Moreover, you can get the same brokerage slab if you negotiate with any other full-service broker of your choice.
If you already have an account with them, please share your review comments with me through the comment box below.
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