Beeline broking limited is a mix of full service broker and discount broker offering trading across different asset class and add on services like equity SEP(Systematic Equity plan), SME listing & planning, research and market analysis, technical and fundamental analysis, tips and recommendations and so on.
The broker is based in Ahemedabad, GJ and promoters have a long experience of the market.
Beeline Broking lets you trade online across equity delivery, intraday, equity derivatives, currency, commodity by having membership of NSE, BSE, MCX, NCDEX through their online trading platforms via single sign on.
Trading in commodity Segment is offered by Beeline Commodities Pvt Ltd. Beeline is a depository participant. Demat account opening onetime fee is Rs 876 with free AMC.
Beeline has tie up with NSDL, a repository to have all your insurance policies in demat form. The broker helps you create an e-insurance account (e-IA) absolutely free of cost and you can buy as many insurance policies under the same demat account. You can also pay your premiums, view your portfolio and make amendments to your policy online.
The broker also offers NRI trading service.
If we talk about brokerage then Beeline offers both per order brokerage and percentage based brokerage. They have a brokerage bidding page where you can choose your own lowest brokerage for different segments. Flat fee brokerage is fixed at Rs 18 per executed order in equity delivery, equity derivative, currency and commodity future segment.
Beeline runs a daily rewarding program where they reward participant with gift e-vouchers for predicting the daily closing of indices future, currency future and commodity future of the current month. You can participate every day and the participant who makes the nearest predictions on either side of the close is the winner. Beeline value any contribution by our esteemed clients and based on your contribution in terms of Client referral , Sub broker/ Associate Programme/ Remisier referral , Participation in a survey/giving us feedback & Brokerage generated.Based on your contribution we assign reward points to our clients.2% of the average monthly brokerage will be converted into reward points. The reward points that you accumulate can be redeemed on a monthly or quarterly basis. More details can be followed on their website beelinebroking.com.
On Customer Service, Beeline serves customer through email, call and live chat. Branches of Beeline is not available at this point of time.Beeline have two branche offices, one in Ahmedabad and one at Gandhinagar.
A full service cum discount broker with some unique services like guidance on going SMEs, SEP, reward point system for brokerage and brokerage bidding to choose your own brokerage.
Get 15 days brokerage free trading + Lifetime Rs 0 AMC Demat Account for Rs176 one time fee. Use Coupon CHT176 to avail this special offer. Sign up now.
Here we are comparing Beeline with its 5 close competitors on investment options.
|Equity Trading Type||Yes||Yes||Yes||Yes||Yes|
»» Trading Account Opening Charges: Free
»» Trading Account AMC: Free
»» Demat Account Opening Charges: Free
»» Demat Account AMC: Rs 876 Life time AMC
Beeline offer per order brokerage and percentage based brokerage both. Per order is fixed at Rs 18 per executed order for all the segments but percentage based brokerage can be chosen using brokerage bidding page. The brokerage of per order of Rs 18 is neither very high nor very low and most commonly quoted by discount brokers. It is lower than Zerodha, UpStoxs,SAMCO, Fyers (Rs 20), higher then ProStocks and TradeSmartOnline (Rs 15), SASOnline, RKGlobal (Rs 9), 5Paisa and MyValueTrade (Rs 10).
The percentage brokerage of Beeline is variable depending upon bidding and negotiation with the broker. The maximum brokerage offered is .25% for equity delivery, .02% for equity intraday and future, Rs 50 per lot for options,.01% for commodity and currency future and Rs 15 per lot for currency options. The percentage brokerage is at the lower side in the industry.
For complete brokerage charges and trading plans detail please visit Beeline Brokerage Charges.
Here we are comparing Beeline with its 5 close competitors, who are currently market leader in brokerage industry.
|Service Type||Discount Broker||Full Service Broker||Discount Broker||Discount Broker||Discount Broker|
|Brokerage Range||Rs 18||0.1 to 0.5%||Rs 20||Rs 20||Rs 20|
|Account Type||2 in 1||2 in 1||2 in 1||2 in 1||2 in 1|
|Equity Delivery||Flat Fee Rs 18||0.5% or 50 paisa||Flat Fee Rs 20||Free||0.2% or Rs 20 whichever is lower|
|Equity Intraday||Flat Fee Rs 18||0.1% or 10 paisa||Flat Fee Rs 20||0.01% or Rs 20 whichever is lower||0.02% or Rs 20 whichever is lower|
|Equity Futures||Flat Fee Rs 18||0.1% or 10 paisa||Flat Fee Rs 20||0.01% or Rs 20 whichever is lower||0.02% or Rs 20 whichever is lower|
|Equity Options||Flat Fee Rs 18||2.5% of Premium or Rs 250 per lot whichever is high||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20|
|Commodity||Flat Fee Rs 18||0.1% or 10 paisa||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20|
|Currency Futures||Flat Fee Rs 18||0.1% or 10 paisa||Flat Fee Rs 20||0.01% or Rs 20 whichever is lower||0.02% or Rs 20 whichever is lower|
|Currency Options||Flat Fee Rs 18||2.5% of Premium or Rs 30 per lot whichever is high||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20|
Please refer unique and accurate Beeline Brokerage Calculator
For online trading with Beeline Broking Ltd, investor has to open an account. Following are the ways to open an account with Beeline Broking Ltd:
Trading platforms of Beeline are offered through NSE NOW and ODIN. NSE’s NOW is available in all three versions –Desktop Exe Trading, Web Trading and Mobile App. This software directly connects to the exchange for orders and feeds. NSE NOW is free for all segments on NSE but for trading on BSE customer has to pay Rs 150 per segment per month.
This is the software based application that has to be downloaded on your pc. The software can be downloaded on PC with windows. This is a feature rich trading platform available to the customers for free of cost.
The NSE NOW web version is supported on Firefox, Chrome and Internet Explorer. This is the most widely used browser based platform for convenient and hassle free trading.
NSE NOW mobile app is available for download on Android as well as IOS smartphones. It is easy, customizable and intuitive with real time feed and quality execution.
My Armour is another software offered by Beeline in Exe version and web version. The desktop version is available at Rs 100 per segment per month. Web version is free.
For detail review of mobile app and download please visit Beeline Trading Platform Review.
Here we are comparing Beeline with its 5 close competitors on Trading Platform.
|Android Tablet App||No||Yes||Yes||Yes||Yes|
|Android Mobile App||No||Yes||Yes||Yes||Yes|
|iPhone App (iOS Mobile App)||No||Yes||Yes||Yes||No|
Beeline Broking Ltd is a mid way broker between full service and discount broker. Out of two trading platforms offered by Beeline, one is free. The broker offers service little more than discount broker but has to work on innovative tools and platform. The broker provide tips for stocks, has relationship managers but doesn’t provide any research reports and analysis. Overall an average broker with a potential to offer more in future.
If you like what you have read and want to open an trading and demat account with Beeline, leave your contact information with us and we will guide you.
Last updated on 2019-08-09