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Anand Rathi Review 2023

Rated 3 stars Rated 3/5 by Top Share Brokers Team
Last updated on: 11-Oct-2022
Anand Rathi Review
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  • Anand Rathi Review 2023 - Quick Summary

    Open a Free Anand Rathi Trading & Demat Account to trade or invest across multiple products, get free trading tips and expert research reports, personalized advisory, and portfolio management services (PMS).


    Rated 3 stars

    Anand Rathi Top Highlight for 2023

    • Serving since 1994 with more than 2 decades.
    • Multiple products as per your trading & investment needs.
    • Quick and instant account opening.
    • Free demat and trading account.
    • Advanced trading platforms with intuitive features.
    • Research & advisory: Market research, stock research reports & analysis.
    • Portfolio management services to residents and NRIs.
    • Strong PAN India presence with 1200+ branches and franchises.

    About Anand Rathi

    Established in 1994 and has served for over 25 years, Anand Rathi today is one of the well-renowned and the most-popular full-service stock broking houses in India. It is an active member of BSE, NSE, MCX, and NCDEX to offer online trading in stocks, derivatives, commodities, and currencies, and also provides insurance, structured products, corporate deposits, bonds & loans, wealth management, investment banking, and corporate advisory services to institutions, HNI clients, and corporations. This means everything you are looking for is available under one roof with Anand Rathi.

    Open an Instant Anand Rathi Demat & trading account for free to trade on multiple exchanges. The stock broker charges a fixed brokerage percentage that varies from 0.02% to 0.20% on trading in different segments while equity and currency options trading is charged on a per lot basis.

    Anand Rathi pricing plan here makes a sense of high brokerage charges than top-rated discount brokerage houses like Zerodha, Groww, and Upstox. But the higher charges seem justified with value-added services like portfolio management services (PMS), thematic investing, trading tips, daily/weekly/monthly market outlook, fundamental and technical research reports, and advisory services.

    Technology cannot be ignored and Anand Rathi on that aspect has multiple trading platforms including the Trade Mobi app, Trade X’press+ website, and Trade X’Pro for pro traders. All of the platforms are free for both residents and NRI customers.

    While selecting the best broker, the customer service aspect cannot be overlooked and in that respect, Anand Rathi has developed all the possible channels including online and offline. It has a team of 2,500 professionals spread across 1200+ locations at its own branches, sub-brokers, and representative offices or associate franchisee companies.

    Read out the latest and genuine Anand Rathi Review 2022 to get the complete details about its account opening fee, brokerage charges, types of accounts, features of trading platforms, customer care details, and much more to know what works for you and what does not, and take the right decision.

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    Anand Rathi Brokerage Plan, Fees and Charges

    Rated 3 stars Brokerage and Commission Rated 3/5

    Anand Rathi broking house levies a percentage-based brokerage fee on online trading across multiple segments. The rate of brokerage from (0.02% to 0.20%) is variable across exchanges like BSE, NSE, and MCX. It charges 0.02% on intraday, equity futures, currency futures, and commodity trading, and a 0.20% fee on the equity delivery segment. The brokerage on equity options is charged at Rs. 50/lot and Rs. 20/lot on the currency options trading segment.

    If compared the charges are slightly on the higher side than top discount stockbrokers as their flat brokerage plan helps traders to save a significant brokerage cost.

    Anand Rathi Account Opening Charges

    Trading Account Opening Charges: Free
    Trading Account AMC: Free
    Demat Account Opening Charges: Free
    Demat Account AMC: Rs 450 PA (Free for 1st year)

    Anand Rathi Brokerage Plan with closest competitors

    Here we are comparing Anand Rathi with its 5 close competitors, who are currently market leader in brokerage industry.

    Broker Anand Rathi 5paisa Zerodha Upstox Paytm Money
    Service Type Full Service Broker Discount Broker Discount Broker Discount Broker Discount Broker
    Brokerage Range 0.02 to 0.20% Rs 20 Rs 20 Rs 20 Rs 15
    Account Type 2 in 1 2 in 1 3 in 1 3 in 1 2 in 1
    Equity Delivery 0.20% Flat Fee Rs 20 Free 2.5% or Rs 20 whichever is lower 2.5% or Rs 15 whichever is lower
    Equity Intraday 0.02% Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower 0.05% or Rs 15 whichever is lower
    Equity Futures 0.02% Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower 0.02% or Rs 15 whichever is lower
    Equity Options Rs 50 per lot Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 15 per order
    Commodity 0.02% Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 NA
    Currency Futures 0.02% Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower NA
    Currency Options Rs 20 per lot Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 NA
    Rating
    Rated 3 stars
    Rated 4 stars Rated 4.5 stars Rated 4.5 stars Rated 4 stars

    Other Charges

    • Call & Trade Charges: Free
    • RMS Auto Square Off Charges: NA
    • Hidden Charges: NA

    For complete brokerage charges and trading plans detail please visit Anand Rathi Brokerage Charges.

    Please refer unique and accurate Anand Rathi Brokerage Calculator


    Type of Account offered by Anand Rathi

    It doesn’t matter whether you reside in India or outside the country, you can open an account with Anand Rathi to trade in the BSE and NSE-listed shares. The broker facilitates online broking & distribution services in equities, derivatives, commodities, currencies, insurance, corporate deposits, bond & loans, structured products, and mutual funds, and also provides wealth management services to retail, HNIs, and corporate clients.

    Anand Rathi Demat & Trading Account

      The full-service broking is the depository member of both the CDSL and NSDL and provides the facility to Indian residents to open a Free Demat Account at 0 charges. At the moment, the broker only offers a 2-in-1 account (Demat & Trading account) opening facility. Equity trading account facilitates shares intraday (MIS), delivery (CNC), equity futures & options, and currency trading whereas a commodity trading account facilitates online trading in MCX. Other investment products such as IPO, mutual funds, PMS, Investment Baskets (theme-based portfolio), debt products, etc. are also offered.

      Is Anand Rathi account free? Yes, open a free trading (equity + commodity) and demat account at zero account opening fees. Further, it charges a minimal Demat AMC of Rs. 450 per annum from 2nd year onwards.

    Anand Rathi NRI Trading Account

      Anand Rathi offers NRI trading facility to invest in multiple asset classes including shares, IPO, mutual funds, and debt products. NRIs can start trading with Anand Rathi by opening an NRI demat + NRI trading account. The full-service broker also provides access to trading & investment tips, research, and wealth management services to NRI clients.

      NRIs can use any of the Anand Rathi platforms like web, mobile app, and desktop-based platforms for free. Call & trade and NRI customer care services are also available.

    Anand Rathi Global Investment Account

      Do you want to diversify your portfolio by investing in the US Stock Market? If yes, Anand Rathi provides a global investing platform to invest in US stocks listed on the S&P 500. The Global Investment account provides access to global platforms – INDIA INX, NSE IFSC (US Stocks), and IIBX – Gold Import and Trading. You can also trade in foreign currency bonds, global currency derivatives, rupee derivatives, and Index derivatives.


    How to open Anand Rathi Account online?

    Open a Demat or trading account with Anand Rathi requires you to follow simple steps. You can open an account simply using your smartphone, computer, or tablet without any paperwork or the hassle of standing in a queue. The broker allows instant account opening through the QuickKYC process with DIGI-Locker which takes less than 15 minutes to open Anand Rathi trading account.

    Steps to open Anand Rathi Trading & Demat Account Online;

    1. Go to the website and on the top, click on the “Insta Account”
    2. Free sign-up with a Mobile number and OTP.
    3. Enter your name and email address.
    4. Let’s begin with the required PAN details.
    5. Simply select your trading preference (Equity and commodity) and brokerage plan. You can choose to open only equity trading or commodity trading account or both.
    6. Tap on “Connect to DigiLocker” and share your aadhaar number.
    7. The system will fetch your KYC details
    8. Document upload: Upload scanned copies of the required set of documents online.
    9. E-sign the form digitally via Aadhaar-based OTP on your registered mobile number.
    10. Congratulations! The process is complete and post-verification, the broker will provide your Anand Rathi trading account credentials including client ID/user ID and password on your registered email address. Use the login details to access any of the Anand Rathi platforms.
  • Free Demat Account
  • 100% Free Delivery Trade
  • Online Account Opening
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    Anand Rathi Mobile App and Trading Platforms

    Rated 3 stars Trading Platforms Rated 3/5

    Experience swift and seamless trading and investing journey like never before with Anand Rathi platforms including Trade Mobi App, Trade X’press+, and Trade X’Pro. All the platforms are free, user-friendly, easy to navigate, and have all the features that a trader and investor wants to have. Let’s review Anand Rathi Trade Mobi App and other platforms' features in detail;

    Anand Rathi Trade Mobi Mobile App

      Trade Mobi is Anand Rathi’s stock trading app to trade on the move on android and iOS devices. The Trade Mobi app is an easy-to-use app that provides quick access to real-time market quotes, Indian and global indices, search scripts, watchlists, market & analytics, snap quotes, real-time charting, a comprehensive dashboard, portfolio, and simplified order placement.

      Anand Rathi mobile app is a safe app to use with double check 2FA (2-factor authentication) login security. Download the app and trade on multiple exchanges; BSE and NSE cash segment, NSE F&O, NSE currency, and MCX.

    Anand Rathi Trade X’Press+ Web Platform

      Trade X’Press by Anand Rathi is a web-based browser-accessible trading platform. The trading website is loaded with features such as a comprehensive dashboard (trading balance, net position, Mark to market, order book, etc.), real-time market information, access to your portfolio (Kuber), trading ideas, and fundamental and technical research reports. Users can also study patterns using superior charts, advanced technical indicators, and multiple drawing tools to take timely trading decisions. The “Analytic Engine” powered X’Press+ platform helps you make better decisions.

    Anand Rathi Trade X’Pro Trading Terminal

      Trade X’Pro is an exe-based desktop trading terminal built for active traders transacting frequently to offer them the fastest trading experience with customizable features. Users can download the desktop trading software on their laptop/desktop devices.

      The fully-customizable terminal has many unique features such as a customizable market watch, real-time dynamic charting for both intraday & short-term, EOD charting, view contract derivative chain, option trading strategies, and even facilitate traders to create their own options trading strategy to trade in derivatives.

    Anand Rathi MF App

      Anand Rathi customers can invest in mutual funds in a 100% paperless manner through the AR Mutual Fund App. You can transact, track, and manage your mutual fund investment portfolio online anytime anywhere. Anand Rathi MF app provides the facility of SIP and lumpsum investment route, switch, redemption, MF basket, and SWP (Systematic Withdrawal Plan) and STP (Systematic Transfer Plan).

    For detail review of mobile app and download please visit Anand Rathi Trading Platform Review.


    Anand Rathi Trading Pros

    Read out the most important benefits or advantages of why choose Anand Rathi?

    • Online trading in equity, derivatives, currency, and commodity.
    • Mutual funds, FDs, NCDs, and portfolio management services (PMS).
    • Zero account opening charges.
    • Zero maintenance fee for the first year.
    • Trade X’Press+, TradeX’Pro, and Trade Mobi App with real-time charting.
    • Free Research: Fundamental & technical research, FNO, commodity, and currency research reports.
    • Investment Basket: A thematic investing product.
    • Equity SIP (E-SIP) facility to invest in shares.
    • Place after-market order (AMO).
    • Blog and knowledge center for beginners.
    • Loan against shares and Margin trading facility (MTF).
    • Free call & trade

    Anand Rathi Trading Cons

    There are some disadvantages or drawbacks also, here are the same;

    • Does not offer direct mutual funds.
    • No 3-in-1 account
    • A bit higher brokerage fee than other discount brokers.

    Anand Rathi Customer Care info

    Being a full-service stock broker has multiple sets of communication channels to deliver great customer support. You can connect with the customer service executives via Email, Whatsapp, web chat, toll-free number, customer care helpline number, and offline branches as well. It has a vast footprint with more than 1,200 branches and associate offices across India and in selected international locations like Dubai.

    Currently, the group has over 2,500 professionals. The team of customer support representatives maintains some level of personalization to offer the best customer service.

    The broker also has a toll-free number to provide 24*7 customer support. It provides dedicated NRI support at [email protected]


    Final thought about Anand Rathi

    Rated 3 stars Rated 3/5 by 20 users

    There is no doubt that Anand Rathi has earned a strong brand name in the broking industry with multiple product offerings, insightful and analytical research tips, and advisory services. However, there are some pain points that must be looked for before opening a trading account with Anand Rathi such as comparatively high brokerage, performance and speed of its online trading platforms, and optimal use of customer support channels.

    If you are someone who is looking for a full-service broker with good research without being concerned about the brokerage fee, Anand Rathi may be on the list of recommended brokers.

    Request call back from Zerodha

    Last updated on: 2022-10-10


    Anand Rathi User Reviews

    avatar
    1. Suresh s sarda Apr 20 2019 11:25:55 PM Reply
    One cannot reach to the officers, even for suggestions. I had suggested many suggestions by email or verbally. Neither, top or middle level officers, RM or branch manager are taking interest. No much transperency regarding brokerage. It depends on managers will. No written statement regarding brokerage is given. Lot of shares who are sold a long back are shown in portfolio. I have sold Sobha, Raymonds and almost 10 scrips 10 years back. Still, it is shown in portfolio. It shows more investment, than actual and hence shows more loss. It creates conflict between family. But, call centre guys can or RM says, it is a old software viruses problem. Also, there is discrepancy between holdings and portfolio. When some scrips from others brokerage house are transferred, they are revealed in holdings and not in portfolio. Hence, one can't know buying rates and hence can't take decision regarding selling.
    Also, on trading through App, only one scrip is visible at a time. Hence, for an investor having hundreds of scrips, it is very cumbersome to see rate of each stock and take by your /sell decision.
    While , with the same handset and same font, 5 scrips are visible of Zerodha, which enhances your decision and minimises eye fatigue.
    When Contracts are printed with other normal printer, it is very light and not readable. May be, one has to change the font. But, noone is in a position to listen.
    While downloading excel file of holdings, many unnecessary fields are given. 2 columns lie overall gain/loss and % are shown in same column. For a person to do analysis, he /she has to cut paste all the figures to make 2separate columns, one for overall loss and other for % loss. If there are 100 scrips, whenever you want to do analysis, you have to do it hundred times. I have written mail. But, like other mails, they are neglected. It feels management listens to VOICE OF CUSTOMER it will increase customer base or will be very popular among subscribers. But, unfortunately, young chaps answering the though call centre are either not interested or don't understand customer care problems. Surprisingly, officers or top management is also not interested to listen customers, who is spending much time or suggestions.I am thinking of writing CVo Mr Sedani , VP or Mr Amit Rathi, MD. But, Will it work? I am doubtful.

    Ratings:

    Brokerage - Average
    Account Maintenance Fees - Above Average
    Website Usability - Average
    Customer Service - Above Average
    Overall Experience - Average