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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      1. Open Demat Account

      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 connect@Beelinebroking.com

      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.


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