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Indira Securities Review 2022

Rated 4 stars Rated 4/5 by Top Share Brokers Team
Last updated on: 16-Aug-2022
Indira Securities Review

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Indira Securities Review 2022 - Quick Summary

Open a free Indira Securities account and trade Faster and Smarter with Trade Insta Mobile app and Trader Terminal platform. Algo trading, free research calls & trading tips, portfolio management services, and mutual fund robotic advisory are the key benefits to trade with Indira Securities.


Rated 4 stars

Indira Securities Top Highlight for 2022

  • Present in the industry since 1987.
  • One-stop-platform to trade on BSE, NSE, and MCX.
  • Zero account opening charges.
  • Fast & secure account opening.
  • Advanced user-friendly Trade Insta trading app, website, and trader terminal.
  • Invest in mutual funds online for free with MF Planet.
  • Free stock and commodity trading tips, research reports, and advisory.
  • Start Algo Trading with Indira Trade.

About Indira Securities

Indira Securities also known as Indira Trade is a part of Indira Group. Incorporated in 2004, the Indore-based full-service brokerage house offers online equity trading, derivative trading, commodity trading, currency trading, portfolio management services, IPO, mutual funds, and merchant banking services. It is also a depository participant with CDSL to allow residents to open a Demat and trading account.

Open a free account with Indira Trade today and start trading in different segments. Indira Securities also provides a high-speed algo trading platform to place trades automatically based on pre-defined algorithms.

Indira Securities is one of the top share market brokers with a strong focus on the best technology solutions. The full-service broker believes in investing in art and science by providing the latest technology trading and investing platform to enhance the end-user experience. Its Trade Insta mobile app and Indira Trader Terminal (ODIN Diet exe software) cater to the requirements of investors as well as active high-frequency traders. The platform is equipped with all the features including multiple watchlists, real-time market analysis, Market Heatmap, powerful charting, multiple scanners, and more.

It also has a full-fledged team of researchers to provide free research calls & advisory services to clients. Its research team provides newsletters, research reports, sector-based research reports, company or stock-specific research reports, and more.

The broker maintains satisfactory customer services over multiple communication touch points including customer helpline number, email, live chats, etc. Indira group has a country-wide network of 350+ branches across India.

Are you looking to open an account with Indira Trade? Do not hurry and read the complete Indira Securities Review 2022 to know each and every aspect of its business including product & service offerings, account opening charges, brokerage charges, trading platform features, customer care details, and pros & cons.

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  • Free Delivery Trading
  • Max Rs. 20 per order brokerage on intraday,F&O,Commodities and Currency
  • Free Direct Mutual Funds and IPO Investment
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Indira Securities Brokerage Plan, Fees and Charges

Rated 4 stars Brokerage and Commission Rated 4/5

Indira Securities follows a traditional brokerage model and charges a fixed rate of brokerage percentage on broking services across segments. Its brokerage charges across segments are provided below;

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 Plan 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 5paisa Zerodha Upstox Paytm Money
Service Type Full Service Broker Discount Broker Discount Broker Discount Broker Discount Broker
Brokerage Range Rs 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 Flat Fee Rs 20 Flat Fee Rs 20 Free 2.5% or Rs 20 whichever is lower 2.5% or Rs 15 whichever is lower
Equity Intraday Flat Fee Rs 20 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 Flat Fee Rs 20 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 Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 15 per order
Commodity Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 NA
Currency Futures Flat Fee Rs 20 Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower NA
Currency Options Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 NA
Rating
Rated 4 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: Free
  • Hidden Charges: NA

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

Please refer unique and accurate Indira Securities Brokerage Calculator


Type of Account offered by Indira Securities

Indira Securities is a CDSL depository participant to provide depository services to clients. Only residents can open an online trading account to trade in multiple segments on the best platforms.

Indira Securities Demat & Trading Account

    Open an online 2-in-1 account, trading and demat account with Indira Securities to trade in shares, futures & options, commodities, currencies, IPO, and mutual funds. There are no minimum balance requirements on the Indira Trade Demat Account.

    Not just the online trading but also you will get free of cost access to its research reports, trading tips, and recommendations. Indira Securities online Demat Account opening is absolutely free at zero fees.


How to open Indira Securities Account online?

Open a fully paperless online Demat account with Indira securities and start trading in just 15 minutes. Check out the step-by-step process below to open an online Indira Securities account;

Steps to open Indira Securities demat and trading account online;

  1. Head to Indira Securities website.
  2. Click on the “Open an Account” tab.
  3. Complete paperless registration using your mobile number and email address.
  4. Provide OTP sent to the entered mobile number.
  5. Fill in the details correctly in the online form.
  6. Upload the mandatory documents i.e., PAN Card, Address proof, and signature.
  7. After verification, Demat account details will be sent via email.

Note: If you wish to trade in the derivative segment, you have to submit a copy of income proof as well.

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Alternatives to Indira Securities

 Demat Account
 Demat Account
 Demat Account
 Demat Account

Indira Securities Mobile App and Trading Platforms

Rated 3.5 stars Trading Platforms Rated 3.5/5

Indira Securities is always an enthusiast to come up with strong technological solutions by offering easy-to-use, fast, and reliable platforms to clients for free. Trade with the world-class cutting–edge Trade Insta Mobile App, website, or Indira Desktop-based Trader Terminal, and enjoy the best trading experience. Let’s quickly review the awesome features offered by Indira Securities platforms;

Trade Insta Mobile App

    Whether you are a beginner or an expert trader, Trade Insta is the best stock market mobile trading app for you. The easy UI-enabled interface of the mobile app allows a hassle-free trading experience on BSE, NSE, and MCX. The TradeInsta app comes with a boast of features like multiple watchlists, real-time analysis, advanced charting, scanners, fundamental & technical scores of stocks, and research calls, and keeps abreast with market news and announcements. Users can also access back-office details like portfolio holdings, ledger, bills, contract summary, etc.

    Download the TradeInsta mobile app from the Play Store and the App Store to trade at your convenience anywhere.

Indira Trade Web

    Trade Web (www.indiratrade.com) is an advanced browser-enabled web-based trading platform that comfortably works with Chrome, Explorer, and Safari. The trading website is a multi-exchange trading platform for stocks, derivatives, commodities, and currencies.

Indira Trader Terminal

    Indira Trader Terminal is a Diet application-based exe trading software for desktop devices. ODIN Diet terminal is excellent software to trade with ease with real-time access to market data, smart order execution, and market watch.

    HeatMap, Pivot Point support and resistance levels, real-time charting, and numerous calculators are the decision support tools on the terminal. The software is integrated with the Indira Securities Back office to provide access to mutual funds, IPO, and RSS feeds.

MF Planet

    MF Planet is an intelligent automated mutual fund investment platform for paperless investment in your choice of mutual fund schemes at zero fees. You can start SIP or invest fixed lumpsum money in any mutual fund scheme available on the app or invest in the recommended portfolio or mutual fund basket and get a robotic advisory as well. Notably, the MF Planet App only offers regular mutual fund plans from different AMCs and direct plans are unavailable.

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


Indira Securities Trading Pros

  • Trade in shares, derivatives, commodities, and currencies.
  • Paperless account opening at zero charges.
  • Invest in mutual funds online.
  • Safe & secure trading platform; Trade Insta app and Trader Terminal.
  • Free stock trading tips, and research & advisory.
  • Automated trading and robotic advisory services.
  • Free call & trade
  • Place advance order like bracket order, cover order, after market order.
  • Refer & earn benefits.
  • Margin trading facility.

Indira Securities Trading Cons

  • 24*7 customer support is not available.
  • You cannot open a 3-in-1 account with Indira Securities.
  • It doesn’t facilitate NRI trading services.
  • High brokerage charges compared to other brokers.
  • MF Planet platform only provides regular mutual fund schemes.

Indira Securities Customer Care info

Customer support is a key factor to turns a new customer into a loyal client. Today, customers need reliable support from brokers for order execution at the right time. Indira Securities customer care team remains active on live chats, email, and helpline numbers to provide required assistance to clients.


Final thought about Indira Securities

Rated 4 stars Rated 4/5 by 20 users

Whether you are a novice trader or beginner/investor, the broker provides sophisticated technologically advanced trading platforms across web, app, and desktop versions. Open a free account with Indira Securities to trade in different segments, invest in mutual funds, get free share market trading tips, and access research reports.

However, on the pricing front, Indira Securities charges a relatively high brokerage fee than other brokers thus, if the brokerage is your concern; consider discount brokers like Zerodha, Upstox, Prostocks, etc. to open an account with.

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Last updated on: 2022-08-16

Indira Securities FAQs

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

 

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;

  • 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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Indira Securities User Reviews

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