Incorporated in 2004, Indira Securities Pvt Ltd (ISPL) or IndiraTrade, a part of Indira Group is one of the best full-service brokerage houses in terms of excellent customer services and for the unmatchable customer-oriented services; Indira Securities was recognized with the excellent performer in depository services by CDSL. Strong customer service is the USP of the IndiraTrade that differentiates it from other brokers.
The Indore-based full-service broker is a registered member of both the stock exchanges; BSE and NSE and later, in 2004, it was granted with the membership of commodity exchanges; NCDEX and MCX. Being a full-service online broker, it provides a full spectrum of financial products and services including equity trading, derivatives trading, commodity trading, currency trading, online IPO investment, insurance and Mutual Funds. It is also a depository participant with CDSL to provide depository services to customers. Not just the trading only but also the brokerage house provides free of cost research and advisory facility to assist customers at every point. The broker regularly publishes many research reports including morning report, weekly report, sector report, IPO reports, alpha delivery pick, and many others.
On brokerage front, it offers flexible plans including both the % based brokerage and flat fee discount brokerage plan. The former charges a fixed percentage of the brokerage on the trade volume, thus, higher the trade volume means higher brokerage or vice-versa. Unlike it, as currently in the Indian stock broking industry, many brokers have launched a discount brokerage plan that is actually the flat fee model; Indira Securities is not behind the race as it comes up with the flat fee brokerage of Rs. 20 per order plan. The model is extremely popular among people because the brokerage remains fixed regardless of the trading volume.
Coming to its trading platforms, its TradeInsta mobile application is one of the best trading and analytical app and also the strong evidence of broker’s keen focus on the latest technology platforms. Indira Trader Terminal that is ODIN Diet software owned by 63 moons technologies Ltd and the web platform -Indira Investor Terminal are the other online trading platforms. The broker further offers mutual fund investment services on its mobile application, MF Planet that caters to all MF related investment requirements of customers.
It further facilitates clients through its robust Algo trading platform through a set of fully automated and chart-based trading system. In the age of artificial intelligence, Algo trading platform at IndiraTrade provides trading & investment recommendations to customers based on in-built intelligent algorithms. Thus, it keeps human intervention at the minimum level and design trading strategies based on preloaded programs and algorithms. Users can use Indira Securities Algo trading platform to grow their wealth and minimize risks.
To assist clients to trade successfully, the broker also took a financial education initiative called “Inspire Education” that aims to literate traders & investors with the practical stock market knowledge. There are a number of courses available here in various fields such as derivative market, financial modeling, fundamental analysis, technical analysis, system trading and algorithms, and others, among which, users can attend any of them as per their requirements.
Being a full-service broker, there are many value-added services available such as free call & trade, trading calls, good till canceled order (GTC), bracket order and cover order, After market order (AMO), refer & earn, margin trading, margin against securities, etc. The brokerage house serves clients both the online and offline route via branches, users can choose any of them as per their requirements. The brokerage firm has a dedicated customer service or support desk for every segment and also have a team of dedicated relationship managers who are responsible to provide in-person assistance to every client.
Here, in this page, get the complete details of Indira Securities Review including the brokerage charges, margins, products & services, types of account, trading platforms, and others.
Indira Securities, one of the best brokerage houses with the cheapest brokerage offering a free Indira Securities 2-in-1 account, highly advanced trading platforms like TradeInsta mobile app, free research and advisory, and excellent customer service.
Here we are comparing Indira Securities 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 450 PA (2nd Year Onward)
The broker offers both the flat fee discount brokerage plan as well as percentage based brokerage plan, that are described here as under:
Discount Brokerage Plan - Flat Fee Model
Likewise many other brokers such as Edelweiss, Zerodha, Upstox, 5paisa, etc., Indira Securities also launched a discount brokerage plan which allows trading across various segments at a flat fee of ₹20 per order. This plan also provides many benefits such as free research & advisory, free call & trade, no POA charges, zero auto-square charges, dedicated relationship managers, etc.
Traditional Plan - % based brokerage plan
Apart from the flat fee model, the brokerage house also has a traditional, percentage based brokerage plan. As the name implies, in this plan, a fixed percentage of brokerage is levied on the trading volume, thus, higher the trading volume attracts higher leverage or vice-versa. This plan subscribers are also allowed to access free Indira Securities research, dedicated relationship manager for every client, and others.
For complete brokerage charges and trading plans detail please visit Indira Securities Brokerage Charges.
Here we are comparing Indira Securities with its 5 close competitors, who are currently market leader in brokerage industry.
|Service Type||Full Service Broker||Full Service Broker||Discount Broker||Discount Broker||Discount Broker|
|Brokerage Range||Rs 20||0.1 to 0.5%||Rs 20||Rs 20||Rs 20|
|Account Type||2 in 1||2 in 1||2 in 1||3 in 1||2 in 1|
|Equity Delivery||Flat Fee Rs 20||0.5% or 50 paisa||Flat Fee Rs 20||Free||0.2% or Rs 20 whichever is lower|
|Equity Intraday||Flat Fee Rs 20||0.1% or 10 paisa||Flat Fee Rs 20||0.03% or Rs 20 whichever is lower||0.02% or Rs 20 whichever is lower|
|Equity Futures||Flat Fee Rs 20||0.1% or 10 paisa||Flat Fee Rs 20||0.03% or Rs 20 whichever is lower||0.02% or Rs 20 whichever is lower|
|Equity Options||Flat Fee Rs 20||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 20||0.1% or 10 paisa||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20|
|Currency Futures||Flat Fee Rs 20||0.1% or 10 paisa||Flat Fee Rs 20||0.03% or Rs 20 whichever is lower||0.02% or Rs 20 whichever is lower|
|Currency Options||Flat Fee Rs 20||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 Indira Securities Brokerage Calculator
Opening an account with IndiraTrade is simple, instant and hassle-free because the process is completely online. Indian citizens can open a 2-in-1 account integrating their Indira Securities Trading Account and Indira Securities demat account. Different types of accounts that the broker offers are discussed here as under:
In 2002, the broker became a registered DP with CDSL to provide depository services to customers. Indira Securities Demat Account, as the name itself, the account allow customers to hold shares and other securities in electronic form rather than holding physical certificates. One can open a free demat account with Indira Securities at zero charges.
Indira Securities Trading Account enables account holders to trade-in its financial product offerings such as equity, F&O, commodity, currency, IPO, MF, and PMS. Thus, whenever any client wants to buy or sell any share or other kinds of securities, then such order can be placed only through the trading account. Likewise demat account, people can open a free trading account with Indira Securities at zero account opening charges. The account is linked to the demat account to make trading easier and seamless.
Indira Securities Pvt Ltd is a registered MCX member and another member of Indira Group, Indira Securities Commodity Ltd is a trading member with both the MCX and NCDEX to allow commodity trading services to clients. One can open a Commodity Trading Account with Indira Trade to trade-in commodities i.e. gold, silver, agriculture, precious metal, agriculture, and energy.
As the name implies, Indira Securities Mutual Fund Account is a special account to allow customers to undertake investment in mutual funds. The broker provides all kinds of mutual funds whether it is from equity, hybrid or debt category. One can chose any mode i.e. SIP or lumpsum to invest in mutual funds with IndiraTrade. The broker also has a mutual fund investment app, “MF Planet” to ease off investment in mutual funds via android mobile device.
Indira Securities offers a number of trading platforms such as mobile app, trading terminal, and web trading. Each of the trading platform offered by the broker are discussed here as under:
Indira TradeInsta is an in-house official mobile trading app by Indira Securities. The mobile app facilitates clients to trade and invest across all financial products via just mobile device. The app comes with a number of features such as live market watch, 300+scanners, real-time news and announcement, charts, research calls, technical charting, fundamental and technical scores, and others. The app was awarded with India's best trading & analytical app by the CEO Magzine. The app is available to download on both the App Store for iOS users and Google Play Store for Android users.
ODIN Diet software is the Indira Securities trading terminal. It is a downloadable trading terminal on the desktop that can be used by traders to trade in various products. ODIN Diet comes with an ample of unique features including real-time market data, market watch, numerous calculators, charts, Heat Map, Support and Resistance Watch, and many others.
Indira Investor Terminal based on the NETNETHT technology is theIndira Securities web-based or online trading platform that allows you to trade-in equities, derivatives, commodity, currency, IPO, MF, etc. through accessing the broker’s website from anywhere in the world. It is a fast and highly-secure platform that provides features like advanced charts, market watch, live updates and alerts, and others.
It is the Indira Securities mutual fund investment app that allows investors to undertake investment in different types of mutual funds in paperless manner. The intelligent automated mutual funds investing platform provides Robo advisory that helps users to select the best scheme for investment. The broker facilitates investment through both the lumpsum and SIP route at zero charges.
Benefits of Indira Securities Trading Platforms
For detail review of mobile app and download please visit Indira Securities Trading Platform Review.
Here we are comparing Indira Securities with its 5 close competitors on Trading Platform.
|Android Tablet App||Yes||Yes||Yes||Yes||Yes|
|Android Mobile App||Yes||Yes||Yes||Yes||Yes|
|iPhone App (iOS Mobile App)||Yes||Yes||Yes||Yes||No|
At Indira Securities, clients can trade in a complete range of financial products including equity, derivatives, commodities, currencies, IPO, mutual funds, and others. The brokerage house caters to the investment requirement of all people from a first-time novice trader to high net worth individuals and corporate as well. Excellent customer service with free in-house research and dedicated relationship manager for every client is the USP of the broker that is missed with other popular discount brokers, this is the reason why IndiraTrade's complaint management ratio is superb that is below 0.10% in the last 5 year. Trading with IndiraTrade comes with both the % based brokerage plan or flat fee brokerage at Rs. 20 per order, among which users are allowed to choose anyone as per their choice. The broker further offers sophisticated trading platforms for trading i.e. Indira TradeInsta, Indira Trader Terminal, and Indira Investor Terminal. The brokerage house made all of these trading platforms completely free for all users to facilitate them to trade online.
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Last updated on 2020-08-21
Most of the brokers only offers offline account modification process whereas Indira Securities that key focus is on the best customer services provides both the online and offline modification process. Online process takes a few minute to update your bank details as everything like entering new bank details, providing bank proof etc. is done online. However, if you want to change your bank details offline then you have to follow the below process;
Indira Securities provides trading & investment across equity, futures & options commodity, and currency as well. The broker with its discount brokerage plan charges a flat fee brokerage of Rs. 20 per order for trading across all segments.
Yes, the broker provides free research services to their clients to assist them to take decisive trading and investment decisions. The research is free for both the traditional brokerage plan and discount brokerage plan. There are a number of research reports provided by IndiraTrade such as market report, sector report, IPO report, morning reports, monthly newsletter, special reports such as alpha delivery pick, inflow and outflow of FII investment, dividend yield, etc.
Indira Securities, is one of the best full-service brokerage houses due to following reasons;