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 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
|Broker Type||Discount Broker|
|Founder||Vanesh Panchal & Pradeep Sandhir|
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 Trading||Rs.18 per executed order|
|Equity Intraday Trading||Rs.18 per executed order|
|Commodity Options Trading||Rs.18 per executed order|
|Equity Futures Trading||Rs.18 per executed order|
|Equity Options Trading||Rs.18 per executed order|
|Currency Futures Trading||Rs.18 per executed order|
|Currency Options Trading||Rs.18 per executed order|
|Demat AMC Charges||Free|
|Trading AMC Charges||Free|
|Margin Money||Zero Margin|
|Brokerage Calculator||Beeline 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
|Transaction Charges||0.00285% of Total Turnover|
|STT||0.0112% of Total Turnover|
|SEBI Turnover Charges||0.0002% of Total Turnover|
|Stamp Duty||Depends on State (very minimal)|
|GST||18% 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
|Depository Source||CDSL & NSDL|
|Account Opening Charges||Rs.876|
|Demat AMC Charges||Free|
|Trading AMC Charges||Free|
|Margin Money||Zero Margin|
|Offline to Online||No|
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
|Free Demat Account||No|
|Free Trading Account||Yes|
|Discount on Brokerage||Yes|
|Trading Happy Hours||No|
|Flexible Brokerage Plans||Yes|
|1 Month Brokerage Free||No|
|Zero Brokerage for Loss Making Trades||No|
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.
- The process of opening the account is very simple as it is completely online and you just have to provide the necessary details
- Submit/upload all the documents like PAN, Address proof, AADHAAR, Income statement/Bank Statement, etc.
- 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:
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:
|3 in 1 Account||No|
|Trading Exposure||Upto 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|
|Company Stock Review||No|
|Free Stock Tips||Yes|
|Daily Market Review||No|
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 Delivery||Upto 3X|
|Equity Intraday||Upto 10X|
|Equity Futures||Upto 5X|
|Equity Options||Upto 5X|
|Currency Futures||Upto 4X|
|Currency Options||Upto 4X|
|Margin Calculator||Beeline 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.
|Desktop Platform – Windows||Yes|
|Desktop Platform – Mac||Yes|
|Desktop Browser Platform||Yes|
|Mobile Site Platform||Yes|
|Android App Platform||No|
|iOS App Platform||No|
|Windows App Platform||No|
|Other Mobile OS Platform||No|
|Real time Updates||Yes|
|Online MF Buy||Yes|
|Multi Account Management||No|
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
|Toll Free Number||No|
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 BSE||23|
|Resolvd in BSE||21|
|Lodged in NSE||35|
|Resolved in NSE||30|
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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