Indira Securities Review 2020

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Indira Securities Review

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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 Review 2020 - Quick Summary

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.


Benefits

  • One stop for all investment: The broker has a wide range of products & services including equity, futures & options, commodity, currency, IPO, MF, insurance, and others.
  • 2-in-1 account: You can open a free Indira Securities Trading Account and Indira Securities Demat Account.
  • Free research: Customers either subscribing traditional plan or flat fee plan of Rs. 20 plan can access free research reports.
  • Advanced trading platforms: The full-service broker provides all kinds of trading platforms such as Indira Trader Terminal, Indira Investor Terminal, and Indira Trade Insta.
  • MF Investment: Online or paperless investment in mutual funds at zero charges with MF Planet App.
  • Robo Advisory: Indira Securities provides Robo advisory to suggest clients the best scheme based on intelligent algorithms.
  • Algo Trading: The platform provides fully automated trading experience to customers.
  • Strong customer service: The broker has a dedicated customer service desk for equity, depository, commodity, currency, and others. In addition, it also has a team of relationship managers to assist clients at every point of time.
  • Refer n Earn: The broker provides refer & win services wherein both referral and referred parties can get financial benefits.
  • Free Call & Trade: You can avail the free facility to place orders by talking to Indira Securities executives over telephone.
  • Advance order types: The broker provides many order placement facility such as bracket order (BO), cover order (CO), and after market order (AMO).
  • Free POA services: At Indira Trade, there’re no power of attorney (POA) charges.
  • No Auto –square charges: Unlike other brokers like Zerodha charges Rs. 50 + GST applicable on auto square, however, Indira Securities doesn’t charge anything on auto-square off clients’ positions for intra trade.
  • PAN India Presence

Considerations

  • 3-in-1 account is not available with the broker.
  • Clients based in MP and Rajasthan can't access IndiraTrade fixed brokerage plan
  • No NRI provisioning means NRI canít open an account with IndiraTrade.
  • Although BO and CO are available for both the equity and commodity segment but only on the web platform and not available on the TradeInsta mobile app

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Indira Securities Investment Options Compare

Here we are comparing Indira Securities with its 5 close competitors on investment options.

Broker Indira Securities Sharekhan 5paisa Zerodha SAMCO
Equity Trading Type Yes Yes Yes Yes Yes
Currency Trading Yes Yes Yes Yes Yes
Commodity Trading Yes Yes Yes Yes Yes
Mutual Funds Yes Yes Yes Yes No
MF SIP Yes Yes Yes Yes No
ETF Investment Yes Yes Yes Yes Yes
Banking No No No No No
Insurance Yes Yes Yes No No

Indira Securities Brokerage Plan, Fees and Charges

Brokerage and Commission Rated 4/5

Indira Securities Account Opening Charges

      »»  Trading Account Opening Charges: Free
      »»  Trading Account AMC: Free
      »»  Demat Account Opening Charges: Free
      »»  Demat Account AMC: Rs 450 PA (2nd Year Onward)

Indira Securities Brokerage

The broker offers both the flat fee discount brokerage plan as well as percentage based brokerage plan, that are described here as under:

  1. 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.

    • Equity Delivery: Flat fee of ₹20/order
    • Equity Intraday: Flat fee of ₹20/order
    • Equity Futures: Flat fee of ₹20/order
    • Equity Options: Flat fee of ₹20/order
    • Currency Futures: Flat fee of ₹20/order
    • Currency Options: Flat fee of ₹20/order
    • Commodity Futures: Flat fee of ₹20/order
    • Commodity Options: Flat fee of ₹20/order
  2. 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.

    • Equity Delivery: 0.10% or 10 paisa
    • Equity Intraday: 0.01% or 1 paisa
    • Equity Futures: 0.01% or 1 paisa
    • Equity Options: ₹25 Per Lot
    • Currency Futures: 0.01% or 1 paisa
    • Currency Options: ₹25 per lot
    • Commodity: 0.01% or 1 paisa

Benefits

  • Flat fee brokerage plan is very competitive and charges a flat fee regardless of the trading volume.
  • People who trade in very less volume can chose % based brokerage plan to save cost.
  • No POA charges.
  • Free call & trade service.

Considerations

  • Unlike other brokers like Angel Broking, Zerodha, etc. who allows free equity delivery, IndiraTrade charges ₹20 per order on trading in equity delivery segment.

For complete brokerage charges and trading plans detail please visit Indira Securities Brokerage Charges.

Indira Securities with closest competitors

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

Broker Indira Securities Sharekhan 5paisa Zerodha SAMCO
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
Rating

Please refer unique and accurate Indira Securities Brokerage Calculator


Open Trading and Demat Account with Indira Securities

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:

Contact Indira Security

Indira Securities Demat Account

    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

    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 Commodities Trading Account

    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.

Indira Securities Mutual Fund Account

    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.

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Indira Securities Trading Platform and Tools

Trading Platforms Rated 3.5/5

    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

    • 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.

    • Download Indira TradeInsta app on Android
    • Download Indira TradeInsta app on iOS
  • Indira Trader Terminal

    • 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

    • 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.

  • MF Planet

    • 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

    • Trade-in equity, F&O, commodity, currency, IPO, and MF.
    • Advanced and powerful technical charting and 300+ screeners.
    • Fundamental and technical score of stocks.
    • In-depth market overview with real-time market news and announcements.
    • Market watchlist and real-time updates.
    • Portfolio tracking, monitoring and portfolio optimizer.
    • Live research calls and free market education.
    • Value-added services i.e. dedicated customer care support, refer & earn, etc.

    Considerations

    • MF Planet app is only available for android devices and doesn’t available on the App Store.

    For detail review of mobile app and download please visit Indira Securities Trading Platform Review.

Indira Securities Trading Platform Compare

Here we are comparing Indira Securities with its 5 close competitors on Trading Platform.

Broker Indira Securities Sharekhan 5paisa Zerodha SAMCO
Desktop Windows Yes Yes Yes Yes Yes
Desktop Mac No No No No No
Web Trading Yes Yes Yes Yes Yes
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
iPad App Yes Yes Yes Yes No
Mobile Site Yes Yes Yes Yes Yes

Final thought about Indira Securities

Rated 4/5 by 20 users

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.

If you like what you have read and want to start trading, leave your contact information with us and we will guide you.

Last updated on 2020-08-21


Indira Securities FAQs

  1. 1. How to change my bank details with Indira Securities?

    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;

    • Go to the Indira Securities broker website.
    • Download the Account Modification Form available under the “Modification Form” tab of the “Downloads” section.
    • Download and print the account modification form.
    • Send the duly filled form along with your previous and new bank details and your signature to the broker.

    Download Indira Securities Account Modification Form

     

  2. 2. What is indira securities brokerage charges?

    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.

     

  3. 3. Is Indira Securiites research free?

    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.

     

  4. 4. What is your review on Indira Securities?

    Indira Securities, is one of the best full-service brokerage houses due to following reasons;

    • Excellent customer service with the support desk and relationship manager who provide in-person assistance to customers
    • Free demat and trading account opening facility
    • Free research and stock market advisory service
    • Free access to advanced trading platforms-TradeInsta, Indira Securities online trading platform -Indira Investor Terminal and Indira Trader Terminal-ODIN Diet software
    • Availability of both the traditional - percentage based brokerage or discount brokerage plan - trade at brokerage of Rs. 20 per order.
    • Strong compliant management ratio

     

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