Last Updated - 2018-12-04
Rated 3/5 based on 22 customer reviews
Nirmal Bang empowers you with world-renowned research reports, finest trading platform, IPO investment, portfolio management services and so on for successful investment and trading comforts.
Great customer support, PAN India presence, research reports, branch offices, free call and trade facility.
Minimum brokerage charges, charges for charts & technical analysis software.
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Incorporated in 1989,Nirmal Bang Securities Pvt Ltd (Nirmal Bang) is amongst the top full-service broking firm with PAN India presence. Nirmal Bang started up with the DP services and added broking, commodities and insurance advisory services to diversify into allied activities. The Group was thus the first in the history of the Bombay Stock Exchange to acquire six membership rights of the Exchange.
Nirmal Bang is registered members of the Bombay Stock Exchange Limited (BSE), National Stock Exchange of India Limited (NSE), Multi Commodity Exchange of India Limited (MCX), National Commodity & Derivatives Exchange Limited (NCDEX), National Multi Commodity Exchange of India Limited (NMCE) and MCX Stock Exchange Limited and depository participants of NSDL and CDSL.
The company offers comprehensive range of products and services to meet the financial needs of its clients. In addition to traditional broking services (Trading in Equities & Derivatives), Nirmal Bang is providing commodity trading, currency derivatives trading and you can have access to a wide range of financial products like IPOs, mutual funds, insurance and depository services. Nirmal Bang Financial Services Pvt Ltd is a RBI registered Non-Banking Financial Company (NBFC) which offers margin funding facility to its clients. Margin can be provided in cash as well as approved securities.
On Customer service - Even though Nirmal Bang is traditional broker, but with our personal experience they are very client focused. They value each client, no matter what size, as a long-term relationship. And there dedicated customer service team seek to provide unmatched service to each client and place him as a partner at the center of everything. Customer relation is core of Nirmal Bang and timely service is part of their vision. They have a dedicated and effective customer service unit to serve channel, partners and end clients.
Here we are comparing Nirmal Bang with its 5 close competitors, who are currently market leader in brokerage industry.
| Broker | Nirmal Bang | Zerodha | ICICIDirect | Sharekhan | ProStocks |
| Service Type | Full Service Broker | Discount Broker | Full Service Broker | Full Service Broker | Discount Broker |
| Brokerage | .02% to .20% | Rs 20 | 0.05 to .55% | 0.1 to 0.5% | Rs 15 |
| Account Type | 2 in 1 | 2 in 1 | 3 in 1 | 2 in 1 | 2 in 1 |
| Monthly Plans | No | No | No | No | Yes |
| Rating |
Nirmal Bang Brokerage plan is quite simple and competitive. The broker charges .20% for trading in equity cash, .02% for trading in Intraday and Future. Option trading can be done at Rs 100 per lot.
The equity delivery brokerage of .20% is significantly less expensive than all the big brokers, such as ICICIDirect, Sharekhan, HDFC Securities, etc. For Equity Intraday and future traders, the brokerage rate of .02% is very competitive that cannot be overlooked. It's the cheapest in the full service Broker Industry.
Equity Option Trading @ Rs 100 per lot with Nirmal Bang is little expensive.
For Commodity Future, the brokerage rate is .02%(Both Side) and for Options its .10%(One Side).
For Currencies Future, the brokerage rate is .02%(Both Side) and no minimum brokerage. For Option its Rs 20 Per Lot.
Minimum Brokerage: The minimum brokerage charged by Nirmal Bang is 2 paisa.
Optional Service - Charts & Technical analysis software "FALCON" is available with additional charges.
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| Brokerage Plan | Basic Plan (Percentage Based) |
| Flat Fee | NA |
| Equity Delivery | 0.2% or 20 paisa |
| Equity Intraday | 0.02% or 2 paisa |
| Equity Futures | 0.02% or 2 paisa |
| Equity Options | Rs 100 Per Lot |
| Currency Futures | 0.02% or 2 paisa |
| Currency Options | Rs 20 Per Lot |
| Commodity | 0.02% or 2 paisa |
For complete brokerage charges and trading plans detail please visit Nirmal Bang Brokerage Charges.
As Nirmal Bang is full service broker with PAN India presence, they have trading terminals (both direct and indirect), online monitoring, control terminals (administration terminals) and back office support terminals (settlement terminals) across all locations and centers.
The Company is doing trading with India's best single screen Multi Exchange Trading Software platform. Their entire terminals are connected through sophisticated security features. Dedicated Phone and chat support to all client, branches and partner for technical support.
Nirmal Bang is using Desktop base [ODIN Diet], Webbase [NET.net] and mobile base trading platform from Financial Technologies (India) Ltd.
Nirmal Bang ODIN Diet Desktop Base Trading Platform - NB is using well reputed ODIN Diet trading platform. ODIN Diet is an application-based trading front office solution enabling clients to connect to Nirmal Bang servers via the Internet.
www.nirmalbang.com - The trading portal not only provides trading platform but also provides online feeds, portfolio tracking tool, a wide range of financial news, information and various research reports facilitating quick decision-making. Some more ad-on features are all segment broadcasts, multi-featured graphs, online payment gateways and automatic password mailer utility for better security.
NBTRADE(NirmalBang Mobile Trading):This is Nirmal Bang's official stock trading mobile application. The application enables clients registered with Nirmal Bang to trade in Indian Equity, Derivatives, Commodities and Currency markets.
Fund Transfer from 25 Banks are possible from Website, ODIN Diet, Net-Net Lite.
For BackOffice, Nirmal Bang is using Lidha Didha system of Apex Softcell Pvt. Ltd. This is one of the topmost back office software in the industry.
For detail review of mobile app and download please visit Nirmal Bang Trading Platform Review.
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If you like what you have read and want to start trading, leave your contact information with us and we will guide you.
Ratings:
Brokerage - Average
Account Maintenance Fees - Below Average
Website Usability - Below Average
Customer Service - Average
Overall Experience - Average