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Beeline Broking Review, Brokerage Charges, Demat A/C, Platforms & more

Beeline Broking is more than a decade old brokerage house in the country which is running successfully and helping many investors to secure their goals. The firm offers various trading services and products and facilities which will be discussed in the article below.

This article can be read as a Beeline Broking brokerage review as this piece of write up will have enough detailed analysis of each of the Beeline Broking aspects.

It will with the customer ratings and take you through the charges, products, facilities, platforms for trading which all are offered by the firm.Beeline Broking offers


Beeline Broking Customer Ratings & Review

Beeline Broking Customer Ratings & Review

With an above-average score of 6.1 in the overall rating, the firm can be termed as reliable and worthy enough to take care of the investor’s needs and requirements for investment and trading opportunities.


About Beeline Broking

Overview
Company TypePrivate
Broker TypeDiscount Broker
HeadquartersAhmedabad, Gujarat
FounderVanesh Panchal & Pradeep Sandhir
Established Year2004

Beeline Broking started its operation in the year 2004 and since then it has been working as a discount broker registered as a private firm. The company was founded by Pradeep Sandhir and Vanesh Panchal. They have the headquarters at Gujrat, Ahmedabad.

They unlike other discount brokers (most of them) provide different solutions and products like mutual funds and insurance which is rare to find with a discount broker.

It has business partners across the country and have branches as well. With their trading applications and platforms, one can easily trade any time and everywhere they go.


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Beeline Broking Brokerage Charges 

Brokerage Charge & Fees
Equity Delivery TradingRs.18 per executed order
Equity Intraday TradingRs.18 per executed order
Commodity Options TradingRs.18 per executed order
Equity Futures TradingRs.18 per executed order
Equity Options TradingRs.18 per executed order
Currency Futures TradingRs.18 per executed order
Currency Options TradingRs.18 per executed order
Minimum BrokerageRs.18
Demat AMC ChargesFree
Trading AMC ChargesFree
Margin MoneyZero Margin
Brokerage CalculatorBeeline Broking Brokerage Calculator

As a true discount broker, Beeline Broking has fixed their brokerage at Rs. 18 per order and that price is the same across all the asset classes.

Even if you are trading derivatives and not stocks, you only pay Rs. 18 for the order you place. This is really exciting for the traders and especially for them who trade in bulk as the volume of the transaction does not affect the amount of brokerage.


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Beeline Broking Charges

Other Charges
Transaction Charges0.00285% of Total Turnover
STT0.0112% of Total Turnover
SEBI Turnover Charges0.0002% of Total Turnover
Stamp DutyDepends on State (very minimal)
GST18% of ((Brokerage + Transaction Charges)

The transaction charges that you have to pay for the trades you do with Beeline Broking is at a rate of 0.00285% on the transaction value itself. There are other 4 charges which are completely mandatory and have to be paid with each transaction.

The STT charge for Beeline Broking is 0.0112% while the SEBI charges are for 0.0002%. These charges are applicable on the total turnover. The stamp duty is to be paid according to the market rate in the state you belong to.

GST is the last charge in this section which is levied at 18% as a mandatory charge and calculated on brokerage and transaction value.


Beeline Broking Demat Account Opening Fees

Demat Services
Depository SourceCDSL & NSDL
Account Opening ChargesRs.876
Demat AMC ChargesFree
Trading AMC ChargesFree
Margin MoneyZero Margin
Offline to OnlineNo

The opening charge for Beeline Broking Demat account is Rs. 876 at present which is really too high compared to any peers of the firm. Event he full-service brokers do not charges as high as this amount for the account.

However, if you just see below the opening charges, you will find free written in both the AMC – annual maintenance charges rows.

This means that though you have to bear a one-time fee of Rs. 876 for opening the account, there are no more charges to be paid for any number of years that you want to use the accounts.

So, this is actually beneficial for the clients. The margin money requirement is also nil in case of Beeline Broking.


Beeline Broking Offers

Offers
Free Demat AccountNo
Free Trading AccountYes
Discount on BrokerageYes
Trading Happy HoursNo
Flexible Brokerage PlansYes
1 Month Brokerage FreeNo
Holiday OffersNo
Referral OffersYes
Zero Brokerage for Loss Making TradesNo

They offer –

  • Free maintenance of the account – Demat and Trading
  • Offer a variety of brokerage plans to choose from and decide your own brokerage
  • There are ample discount offers on brokerages too
  • You can earn a lot by referring the firm to other prospective investors in your group as they have referral offers too.

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How to open Demat Account with Beeline Broking?

To open the Beeline Broking Demat account, you have to online fill up the form which is available on their website. There you can provide all your details and trading goals and fix the brokerage plans as well.

  1. The process of opening the account is very simple as it is completely online and you just have to provide the necessary details
  2. Submit/upload all the documents like PAN, Address proof, AADHAAR, Income statement/Bank Statement, etc.
  3. They will take a day or two to verify the application and the documents and once done, your account will be on for trading.

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Why Open Beeline Broking Trading Account?

There are ample of reasons that this brokerage house provides to open a trading account with them and the crucial ones are –

  • Real-time Transfer of Funds: The firm provides seamless fund transfer across different banks and financial institution which aid in trading a lot.
  • Call & Trade: With the discount, though it is rare to find, Beeline Broking have call & trade facility for the clients available.
  • Excellent Customer Services: They are customer-centric and provide the utmost care to the customers and take care of any of the queries they have, difficulties in trading they face.
  • Flat-Fee Brokerage: The flat brokerage charges is one of the most important benefits that the clients get from the Beeline Broking. Across different segments, they charge a simple flat brokerage which helps the clients to save a lot and also reduce the burden of calculating brokerage every time they are trading.
  • Referral and Loyalty Program: They do not only take care of the customer’s queries but also think about them and thus they have come up with loyalty and referral program to make the clients earn a lot more other than trading on their platform.
  • Trading platforms: The trading platforms used by Beeline Broking are exceptionally well designed and highly demanded in the market. They provide all kind of facilities for great trading experience.

Beeline Broking Products & Services

List of products & services provided to its clients

Beeline Broking Products:

Products
Equity TradingYes
Commodity TradingYes
Currency TradingYes
OptionsYes
FuturesYes
Mutual FundsYes
ForexNo
BankingNo
SIPYes
InsuranceNo

It is difficult to say which financial products they do not have. They have every trading products like equities, commodities, currencies and also financial investment instruments like mutual funds, SIP and also insurance they have included now. The only thing they do not have on their list is forex and banking products.

Beeline Broking Services:

Services
Demat ServicesYes
Trading ServicesYes
3 in 1 AccountNo
Intraday ServicesYes
IPO ServicesYes
Stock RecommendationsYes
Robo AdvisoryNo
PMSNo
Trading InstitutionNo
Trading ExposureUpto 10X

The services provided by Beeline Broking are wide enough to fit all your requirements as an investor.

You have here a Depository facility with CDSL and also with NSDL. Then you have the trading facilities of all means.

They provide IPO services and also recommends stocks for the investors along with cash trading facility.


Beeline Broking Research, Advisory & Stock Tips

Research & Advisory
Fundamental ReportsNo
Research ReportsNo
Company ReportsNo
Annual ReportsNo
Company Stock ReviewNo
Free Stock TipsYes
IPO ReportsNo
Top PicksYes
Daily Market ReviewNo
Monthly ReportsNo
Weekly ReportsNo
Offline AdvisoryNo
Relationship ManagerNo

As a discount broker, Beeline Broking needs not to provide any research and advisory services. However, it still provides free stock tips for the investors so that they can invest wisely. They also predict the top picks of the day and this also aid in trading of the customers.

It has a call & trade facility and you can easily avail that facility for Rs. 20 per order. This means that you can just tell them which stock to buy or any other asset and the quantity and at what price, they will do the same for you.

This is required when you cannot trade on your own, maybe you are not in front of the trading platforms or for any other reasons.


Beeline Broking Exposure or Leverage

Exposure / Leverage
Equity DeliveryUpto 3X
Equity IntradayUpto 10X
Equity FuturesUpto 5X
Equity OptionsUpto 5X
Currency FuturesUpto 4X
Currency OptionsUpto 4X
CommoditiesUpto 4X
Margin CalculatorBeeline Broking Margin Calculator

The exposure provided by Beeline Broking in the cash segment is commendable and a unique sight as well. It provides 10 times (maximum) leverage for the cash segment.

For the equity options and futures segment, it is up to 5 times which is also higher any of its peers. The equity delivery segment has exposure of three times and rests currency and commodities get up to four times of exposure.

For any segment, the exposure is high that the peers and obviously as a discount broker, the leverage is too high which is great news of the clients.


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Beeline Broking Trading Platforms

They have different platforms for trading commodities and other segments.

Trading Platforms
Desktop Platform – WindowsYes
Desktop Platform – MacYes
Desktop Browser PlatformYes
Mobile Site PlatformYes
Android App PlatformNo
iOS App PlatformNo
Windows App PlatformNo
Other Mobile OS PlatformNo
Real time UpdatesYes
Portfolio DetailsYes
Online MF BuyYes
News FlashYes
Research ReportsNo
Easy InstallationYes
Global IndicesYes
Stock TipsYes
Personalized AdvisoryNo
Interactive ChartsYes
Live MarketsYes
SMS AlertsNo
Email AlertsYes
Multi Account ManagementNo

Beeline Broking Trading Terminal:

For commodities, they offer the ODIN MY Armour platform. They charge a nominal fee of Rs. 100 per month for using this terminal.

They terminal offers all the basic features of the trading platforms, from real time data to the live market, market watch, technical indicators, alerts, and many more features.

NSE NOW – Beeline Broking Web-based Platform:

It is there online platform offered by the firm for the clients. One can use all the features like –

  • Market watch across exchanges
  • Real time data and live market
  • Indicators to predict the market on the technical charts in a live market
  • Alerts for changes in the market

For NSE NOW trading terminal the clients have to opt for the EXE version.

Beeline Broking Mobile-Trading Platform:

The firm is yet to offer the mobile application for trading but soon it can be expected to be out in the market for the clients.


Beeline Broking Customer Support

Customer Support
Dedicated DealerNo
Offline TradingNo
Online TradingYes
24*7 SupportNo
Email SupportYes
Chat SupportNo
Toll Free NumberNo
BranchesZero

For contacting the customer care of Beeline Broking you can call on 079-66664040.

You can also shoot an email to them on [email protected]

To connect with their sales team you can get through the same email id.

They offer customer care service for online trading support.


Beeline Broking Complaints & Feedback

Find the list of total complaints lodged & resolved at both the exchanges.

Complaints (Current Year)
Lodged in BSE23
Resolvd in BSE21
Lodged in NSE35
Resolved in NSE30

On NSE and BSE, the number of complaints received was 35 and 23 respectively according to the last year’s data.

It has resolved 30 and 21 of the complaints received on each of the exchanges respectively. They are customer centric and dedicated and want to truly help the investors in their trading as we can understand from the same.


Beeline Broking Disadvantages

  • They do not have free software for trading, you have to pay a certain amount to use the trading platforms which is one of the drawbacks they have. However, the fee charged is nominal.
  • They do not offer any three-in-one account.
  • They do not have many branches and franchises in other cities except in Gujrat, Ahmedabad.

Beeline Broking Conclusion

Beeline Broking with all its offerings can be regarded as one of the best discount brokers in the city of Gujrat.

For having a country-wide presence felt, they have to spread their network a lot more. Their offers are really attractive and they can easily make their presence felt in pan India because of the same.


Get a Call Back from Beeline Broking

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