Indiabulls charges are in lower range for equity delivery, future, Intraday & Currency Options than its competitors, but delivers with a fantastic platform and mobile offering and strong customer service. With these attributes, the company earns its No. BQ1 rating by CRISIL 2014.
Indiabulls Ventures Limited formerly known as Indiabulls Securities Limited is one of the leading financial market companies providing brokerage, DP, equity research, commodity and currency trading and advisory services. The Company has a client base of approx 7 lakhs with presence in 18 cities.
When come to company's operational review - IBVL is the first brokers in India to provide internet-based trading platform. Indiabulls online trading platform - Power Indiabulls (PIB) is a robust desktop based application, developed specially for active traders and made available to Indiabulls clients by paying one time activation fee of Rs 750.
Indiabulls mobile trading app- Mobile Power Indiabulls is fully featured and among one of the best apps for mobile trading in India.
They have central clients account monitoring process, with their in house developed software, which can generate detailed client ledgers and track margin levels dynamically. They have robust risk management framework.
On Offering point of view - IBVL offers investment options in equity, currency derivatives, commodities, IPOs, Mutual Funds & Bonds. Add on features are Portfolio tracker, Equity Analysis Reports, Market Statistics, various account level reports & comprehensive research reports.
On Customer service - they have various branches to provide one-on-one service as well as E-mail and client helpline support. They have support available only in market hours and not 24*7. Areas where Indiabulls can improve can be online discussion forum, tutorial and online chat with representative.
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Here we are comparing Indiabulls Ventures with its 5 close competitors, who are currently market leader in brokerage industry.
|Service Type||Full Service Broker||Full Service Broker||Full Service Broker||Discount Broker||Discount Broker|
|Brokerage||.03 to .3%||0.05 to .55%||0.1 to 0.5%||Rs 20||Rs 15|
|Account Type||2 in 1||3 in 1||2 in 1||2 in 1||2 in 1|
Please refer unique and accurate Indiabulls Ventures Brokerage Calculator
As far as regular commission rates, Indiabulls Ventures plan of .30% for equity delivery is lower in the Industry when compared to its closest full service brokers with sharekhan offering .50%, ICICI Direct at .55%, SBI Securities at .50%. and higher than Ventura .20%
Intraday and Future trade runs at .03% which is less expensive than ICICIDirect(.275%),Sharekhan (.10%) & HDFC (.10%) and equal to Geogits (.03%), SMC Global (.03%),Ventura(.03%)
For Equity Options, Indiabulls Ventures is charging Rs 100 per lot that falls in higher range bucket when we are doing comparison with full service brokers like ICICI (Rs 95-35 Per lot), Sharekhan(Rs 100 Per lot or 2.5% whichever is higher) on higher level and Reliance Securities (40 Rs Per Lot) and Ventura(RS 50 Per Lot) on lower side in industry.
For Currency Future and options, Indiabulls Ventures is charging .03% in currency future and Rs 100/lot in currency options segment.
For commodities, Indiabulls Ventures charges .03% which is again lower range in Industry,where Sharekhan charges 0.10% (Higher),Kotak Security .07%(Higher), Motilal Oswal .05%(Average).
In addition to opening a trading account with Indiabulls Ventures Ltd, to use their Power Trading terminal one need to pay one time fees.
In summary, Indiabulls Ventures comes under lowest brokerage range for Equity Delivery(.30%), Equity Intraday (.03%), Equity Future (.03%), Currency Future (.03%) & Commodities (.03%), higher range for Equity options (Rs 100/Lot) & Currency Options (Rs 100/Lot).
|Brokerage Plan||Power Indiabulls (Percentage Based) Plan|
|Equity Delivery||0.3% or 30 paisa|
|Equity Intraday||0.03% or 3 paisa|
|Equity Futures||0.03% or 3 paisa|
|Equity Options||Rs 100 Per Lot|
|Currency Futures||0.03% or 3 paisa|
|Currency Options||Rs 100 Per Lot|
|Commodity||0.03% or 3 paisa|
For complete brokerage charges and trading plans detail please visit Indiabulls Ventures Brokerage Charges.
For online trading with Indiabulls Securities, investor has to open an account. Following are the ways to open an account with Indiabulls Securities:
With reference to Platform and tools Indiabulls has very stable, reliable & strong trading platform. IBVL offers desktop terminal base, web base and mobile base trading platform.
Trading Platform -Power Indiabulls (PIB) - PIB is an integrated trading platform for the internet trading community to invest in equity, F&O, IPOs. It's also providing various trading reports for decision making and technical analysis. Key feature of PIB -
Mobile Power Indiabulls[Tradelite] - MPIB is mobile app by Indiabulls that supports both ISO and Android systems. This application is with Market Watch, Reports, Order now, Get Quote, Alerts and lots of other features.
Internet Trading webbase - Indiabulls allow web base trading by simply login to trade.indiabulls.com site. On it, they are providing wide variety of features.
For detail review of mobile app and download please visit Indiabulls Ventures Trading Platform Review.
Indiabulls is one of those companies who claim they are pioneer on internet base trading, but we see that they are not open to disclose their brokerage plans over the internet. They want individuals to connect with their sales representative so that they can understand your financial need and can sale other product with brokerage account.
Overall Indiabulls Ventures can a good choice as your broker with their offerings like wide range of products and services, good customer service and strong trading tools & platform.
If you like what you have read and want to start trading, leave your contact information with us and we will guide you.