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JM Financial vs Nirmal Bang – Compare Brokerage Charges, Demat Account & more

Last Updated Date - Oct 14, 2022

Here is a detailed comparison of JM Financial vs Nirmal Bang. In this comparison page, you can check both similarities and differences between these two broking companies. This comparison between JM Financial & Nirmal Bang will help you choose a better company that will fulfill the requirements for trading and investment purposes.

Both of these Stock Broking companies are providing wide range of products and services to the investors.

Also, below we have provided you the links for Brokerage Calculator and Margin Money Calculator for both the broking companies.

This will help give you proper understanding on the Charges and Leverage or Exposure given by these brokers.

JM Financial vs Nirmal BangIn this comparison, we are going to touch upon more than 100 metrics. Here are the list top view metrics we are using for comparison:

  • Overview
  • Customer Ratings
  • Demat Account
  • Research & Advisory
  • Brokerage Charges & Fees
  • Other Charges
  • Services
  • Products
  • Exposure/Leverage
  • Trading Platform
  • Offers
  • Customer Support
  • Complaints

Compare Stock Brokers


This JM Financial & Nirmal Bang comparison will give a very detailed overview of which stock broker is suitable for you.

Now let’s compare Nirmal Bang JM Financial

Overview of JM Financial & Nirmal Bang

Overview JM Financial Nirmal Bang
Company Type Public Private
Broker Type Full Service Broker Full Service Broker
Headquarters Mumbai, Maharashtra Mumbai, India
Founder Nimesh Kampani Nirmal Bang
Established Year 1986 1986

JM Financial vs Nirmal Bang Customer Ratings Comparison

Customer Ratings JM Financial Nirmal Bang
Experience 6.2/10 6.5/10
Products & Services 6.4/10 6.2/10
Brokerage Charges & Fees 6.2/10 6.7/10
Stock Research & Advisory 6.6/10 6.0/10
Trading Platforms 5.8/10 6.5/10
Overall Ratings 6.4/10 6.4/10
Star Ratings ★★★☆☆ ★★★☆☆
Total Client Reviews 329 355

JM Financial vs Nirmal Bang Demat Account Comparison

Demat Services JM Financial Nirmal Bang
Depository Source CDSL CDSL
Account Opening Charges Rs.799 Zero
Demat AMC Charges Rs.299 Rs.200
Trading AMC Charges Free Free
Margin Money Rs.15,000 Minimum Minimum Rs.10,000
Offline to Online R R

Nirmal Bang vs JM Financial Brokerage Charges Comparison

Brokerage Charge & Fees JM Financial Nirmal Bang
Equity Delivery Trading 0.5% – 0.15% 0.20%
Equity Intraday Trading 0.05% -0.015% 0.02%
Commodity Options Trading NA NA
Equity Futures Trading 0.05% -0.015% 0.02%
Equity Options Trading Rs.75 – Rs.20 per Lot Rs.35 per Lot
Currency Futures Trading 0.05% -0.015% 0.02%
Currency Options Trading Rs.75 – Rs.20 per Lot Rs.20 per Lot
Minimum Brokerage Percentage of Transaction Percentage of Transaction
Demat AMC Charges Rs.299 Rs.200
Trading AMC Charges Free Free
Margin Money Rs.15,000 Minimum Minimum Rs.10,000
Brokerage Calculator JM Financial Brokerage Calculator Nirmal Bang Brokerage Calculator

Nirmal Bang & JM Financial Other Charges Comparison

Other Charges JM Financial Nirmal Bang
Transaction Charges 0.00325% of Total Turnover 0.00390% of Total Turnover
STT 0.0126% of Total Turnover 0.0126% of Total Turnover
SEBI Turnover Charges 0.0002% of Total Turnover 0.0002% of Total Turnover
Stamp Duty Depends on State (very minimal) Depends on State (very minimal)
GST 18% of (Brokerage + Transaction Charges) 18% of (Brokerage + Transaction Charges)

Compare Nirmal Bang & JM Financial Offers

Offers JM Financial Nirmal Bang
Free Demat Account R R
Free Trading Account R R
Discount on Brokerage R R
Trading Happy Hours S S
Flexible Brokerage Plans R R
1 Month Brokerage Free S S
Holiday Offers S R
Referral Offers S S
Zero Brokerage for Loss Making Trades S S

Compare Services of JM Financial vs Nirmal Bang

Services JM Financial Nirmal Bang
Demat Services R R
Trading Services R R
3 in 1 Account S S
Intraday Services R R
IPO Services R R
Stock Recommendations R R
Robo Advisory S S
PMS R R
Trading Institution S S
Trading Exposure Upto 7x Upto 10x

Compare Nirmal Bang & JM Financial Research & Advisory

Research & Advisory JM Financial Nirmal Bang
Fundamental Reports R S
Research Reports R R
Company Reports R S
Annual Reports R S
Company Stock Review R S
Free Stock Tips R R
IPO Reports R R
Top Picks R R
Daily Market Review R R
Monthly Reports R S
Weekly Reports R S
Offline Advisory R R
Relationship Manager R R

JM Financial vs Nirmal Bang Exposure/Leverage

Exposure / Leverage JM Financial Nirmal Bang
Equity Delivery Upto 1x Upto 3x
Equity Intraday Upto 7x Upto 10x
Equity Futures Upto 2x Upto 4x
Equity Options Upto 4x Upto 5x
Currency Futures Upto 3x Upto 3x
Currency Options Upto 3x Upto 2x
Commodities Upto 2x Upto 3x
Margin Calculator JM Financial Margin Calculator Nirmal Bang Margin Calculator

JM Financial vs Nirmal Bang Product Comparison

Products JM Financial Nirmal Bang
Equity Trading R R
Commodity Trading R R
Currency Trading R R
Options R R
Futures R R
Mutual Funds R R
Forex R R
Banking S S
SIP R R
Insurance R R

JM Financial vs Nirmal Bang Trading Platform Comparison

Trading Platforms JM Financial Nirmal Bang
Desktop Platform – Windows R R
Desktop Platform – Mac R R
Desktop Browser Platform S R
Mobile Site Platform R S
Android App Platform R R
iOS App Platform R S
Windows App Platform S S
Other Mobile OS Platform S S
Real time Updates R R
Portfolio Details R R
Online MF Buy R R
News Flash R R
Research Reports R S
Easy Installation R R
Global Indices R R
Stock Tips R S
Personalized Advisory S S
Interactive Charts R R
Live Markets R R
SMS Alerts S S
Email Alerts S R
Multi Account Management S S

JM Financial vs Nirmal Bang Customer Support

Customer Support JM Financial Nirmal Bang
Dedicated Dealer R R
Offline Trading R R
Online Trading R R
24*7 Support S S
Email Support R S
Chat Support S S
Toll Free Number S S
Branches 50 50

JM Financial vs Nirmal Bang Customer Complaints

Complaints (Current Year) JM Financial Nirmal Bang
Lodged in BSE 5 64
Resolved in BSE 5 64
Lodged in NSE 7 91
Resolved in NSE 7 91

 


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