ASE Capital Markets Review, Brokerage Charges, Demat A/C & more

ASE Capital Markets is a full-service stockbroker company that has been operating since 1999. The stock broker are mostly renowned for the variety of stockbroker services they offer.

They provide decent trading platforms that mostly covers all the essential aspects of stock trading. ASE Capital charge dynamic brokerage fees which are competitive.

However, they are often criticized as they don’t provide many offers to their respective trading associates and in spite of having 156 customers reviews, they have not been able to reach the height they were expected to be.

Ase Capital Markets Offers


ASE Capital Markets Customer Ratings

Customer Ratings
Experience 5.5/10
Products & Services 5.6/10
Brokerage Charges & Fees 5.3/10
Stock Research & Advisory 5.5/10
Trading Platforms 5.6/10
Overall Ratings 5.4/10
Star Ratings ★★★☆☆
Total Client Reviews 156

Overview ASE Capital Markets

Overview
Company Type Public
Broker Type Full Service Broker
Headquarters Ahmedabad, Gujrat
Founder Ahmedabad Stock Exchange
Established Year 1999

ASE Capital MarketsASE Capital Markets has started its journey in the year 1999. Since then, they are often mentioned in the top 100 stockbroking companies in India.

Unlike other companies, ASE Capital Markets is formed and marketed by Ahmedabad Stock Exchange in Ahmedabad, Gujarat.

It has been 20 years they have been in operation and they have been a depository participant of Central Depository Services Limited (CDSL).

They have slowly built an empire and hopefully continue to provide their service successfully in the near future.


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ASE Capital Markets Brokerage Charges & Fees

Brokerage Charge & Fees
Equity Delivery Trading 0.5% – 0.15%
Equity Intraday Trading 0.05% -0.015%
Commodity Options Trading 0.05% -0.015%
Equity Futures Trading 0.05% -0.015%
Equity Options Trading Rs.20 – Rs.75 per lot
Currency Futures Trading 0.05% -0.015%
Currency Options Trading Rs.20 – Rs.75 per lot
Minimum Brokerage Percentage of Transacton
Demat AMC Charges Rs.200
Trading AMC Charges Rs.300
Margin Money Rs.10,000 Minimum
Brokerage Calculator ASE Capital Markets Brokerage Calculator

As mentioned before, ASE Capital Markets offers dynamic brokerage fees. For Equity Delivery Trading they deployed a brokerage fee between 0.5% – 0.15% which is by far one of the best stock market brokerage fees.

Now for Equity Intraday, Equity Futures and Commodity Options Trading the brokerage fees will be between 0.05% -0.015%.

The similar fees will be applicable for Currency Futures Trading as well. ASE Capital Markets also deals with Equity Options Trading where the cost of per lot will range between Rs.20 – Rs.75.

The same cost is levied for the Currency Options Trading as well. The minimum value they offer as Margin Money is Rs 10,000.

ASE Capital Markets offers a dedicated brokerage calculator which determine the exact brokerage fee levied to the trading associates.


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ASE Capital Markets Other Charges

Other Charges
Transaction Charges 0.00295% of Total Turnover
STT 0.0126% of Total Turnover
SEBI Turnover Charges 0.0002% of Total Turnover
Stamp Duty Depends on State (very minimal)
GST 18% of (Brokerage + Transaction Charges)

A Transaction fee of 0.00295% will be levied by ASE Capital Markets on Total Turnovers. On top of that, an STT fee of 0.0126% will also be applicable to Total Turnovers. The SEBI Turnover Charges will be 0.0002% of Total Turnover which is industry standard.

The Stamp Duty fee is variable in every state in India; therefore, the cost will be dynamic depending upon the operating state.

Finally, The GST of 18% will be applicable as well on the brokerage plus Transaction charges. However, all these additional fees won’t make much difference to the final revenue earned by the traders.


ASE Capital Markets Demat Services

Demat Services
Depository Source CDSL & NSDL
Account Opening Charges Rs.400
Demat AMC Charges Rs.200
Trading AMC Charges Rs.300
Margin Money Rs.10,000 Minimum
Offline to Online Yes

ASE Capital Markets charge Rs 400 to open a Demat account which is indeed higher than its current rival companies.

They also charge Rs 200 and Rs 300 for the AMC of the Demat and Trading accounts respectively. However, the Trading account opening is free of cost.


ASE Capital Markets Offers

Offers
Free Demat Account No
Free Trading Account Yes
Discount on Brokerage No
Trading Happy Hours No
Flexible Brokerage Plans No
1 Month Brokerage Free No
Holiday Offers No
Referral Offers No
Zero Brokerage for Loss Making Trades No

As mentioned before, ASE Capital Markets doesn’t provide free AMC for Demat and Trading account. There are charges involved in opening the Demat account as well. One of the biggest disappointments of ASE Capital Markets is the offers they provide.

Apart from free Trading account opening, they don’t provide any offer significant offers. There are no Discount on Brokerage fees, no Trading Happy Hours or Flexible Brokerage Plans.

This is an area they must provide more to the traders especially when the rival companies are implementing new offers almost on every occasion.

ASE Capital Markets don’t provide any rebate or discount on unsuccessful trades which is expected too.


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How to Open Demat Account with ASE Capital?

There is no option to open a Demat account from their website. However, traders can open the account by following these steps:

  • Click on the Open Demat Account button below
  • Fill up the form below
  • You will receive call from ASE Capital representative
  • He/she will fix up the meeting with the representative
  • Representative will take all the documents along with the KYC form
  • ASE Capital kyc team will do background verification.
  • Once the verification is complete, they will provide the credential to log in and start trading.

Get a Call back from ASE Capital Markets

Fill Your Details Here
  1. Open Demat Account

Why Open Trading Account with ASE Capital?

ASE Capital Markets is a conventional stock trading company. There are certainly some benefits of opening a Demat account with them:

  • The brokerage fee is significantly low compared to any standard stockbroker company.
  • The Transaction fee is comparatively low.

ASE Capital Markets Products & Services

The only available products & services in the list are described below:

ASE Capital Markets Products

Products
Equity Trading Yes
Commodity Trading No
Currency Trading Yes
Options Yes
Futures Yes
Mutual Funds Yes
Forex No
Banking No
SIP No
Insurance No

ASE Capital Markets is a one-stop destination for all kinds of stock trading services. They offer Equity Trading, Currency Trading, Options, Futures and Mutual Funds to their respective trading associated.

ASE Capital Markets Services

Services
Demat Services Yes
Trading Services Yes
3 in 1 Acount No
Intraday Services Yes
IPO Services Yes
Stock Recommendations Yes
Robo Advisory No
PMS No
Trading Institution No
Trading Exposure Upto 5x

Prior to Demat and Trading services, ASE Capital Markets deals with profitable Intraday Service. Moreover, they also deal with IPO services and provide assistance via their Stock Recommendations service.

No 3-in-One account, Robo Advisory or PMS up until now. Interestingly, ASE Capital Markets is not a trading institution, but they offer Trading exposer up to 5x.


ASE Capital Markets Research & Advisory

Research & Advisory
Fundamental Reports No
Research Reports Yes
Company Reports No
Annual Reports No
Company Stock Review No
Free Stock Tips Yes
IPO Reports No
Top Picks Yes
Daily Market Review No
Monthly Reports No
Weekly Reports No
Offline Advisory Yes
Relationship Manager Yes

ASE Capital Markets provides the following series of services to every trading associates:

  • The broking house provides Research reports.
  • They suggest free Stock Tips.
  • ASE Capital suggests Top Picks.
  • They offer Offline Advisory services.
  • The stock broker provide dedicated Relationship Managers.

ASE Capital Markets Exposure/ Leverage

Exposure / Leverage
Equity Delivery Upto 1x
Equity Intraday Upto 5x
Equity Futures Upto 3x
Equity Options Upto 4x
Currency Futures Upto 2x
Currency Options Upto 3x
Commodities Upto 2x
Margin Calculator ASE Capital Markets Margin Calculator

ASE Capital Markets provides below par Exposure or Leverage Ratio. Just up to 1x for Equity Delivery, which is a genuine shocker for their trading associates. Just up to 2x for Currency Futures and Commodities, again that is way below industry standard.

They offer Equity Futures and Currency Options at up to 3x, which is just about par in the stockbroking industry. As for the Equity Options, they provide up to 4x. Finally, for Equity Intraday they offer up to 5x which is a relief for the traders.


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ASE Capital Markets Trading Platforms

ASE Capital Markets tried its best to provide satisfactory trading platforms:

Trading Platforms
Desktop Platform – Windows Yes
Desktop Platform – Mac Yes
Desktop Browser Platform No
Mobile Site Platform No
Android App Platform No
iOS App Platform No
Windows App Platform No
Other Mobile OS Platform No
Real time Updates Yes
Portfolio Details Yes
Online MF Buy No
News Flash No
Research Reports No
Easy Installation No
Global Indices Yes
Stock Tips No
Personalized Advisory No
Interactive Charts Yes
Live Markets Yes
SMS Alerts No
Email Alerts No
Multi Account Management No

ASE Capital Markets Trading Terminal

ASE Capital Markets provides a desktop application which supports both Windows and Mac operating system.

The traders can view Real-time Updates from the stock markets, get Portfolio Details and gather information about Global Indices through this application.

However, the traders can’t do Online MF Buy or can’t see News Flashes from the market as these important features are missing.

The application doesn’t come with Easy Installation option and also lacks some more important features like Personalized Advisory, Research Reports and Multi-Account Management.

ASE Capital Markets Web Trading Platform

The broking house do not provide Web Trading Platform.

ASE Capital Markets Mobile Trading App

Just like the desktop application, ASE Capital Markets also offers a Mobile App for smoother trading activities.

The app which is available on their official website, as well as Google Playstore or Apple store, has all the prebuilt functionalities that the desktop application has.

But shockingly they failed to integrate the SMS and Email alert options which is really a massive setback if compared to other stock trading companies.


ASE Capital Markets Customer Support

Customer Support
Dedicated Dealer Yes
Offline Trading Yes
Online Trading No
24*7 Support No
Support Number NA
Email Support No
Chat Support No
Toll Free Number No
Branches 10

ASE Capital Markets offers customer support backed by its dedicated dealers.

The fact they provide support to only Offline traders is no doubt upsetting for their respective traders. No chat support or toll-free numbers, but they claim they have a responsive email support team.


ASE Capital Markets Complaints (Current Year)

Complaints (Current Year)
Lodged in BSE 1
Resolved in BSE 1
Lodged in NSE 2
Resolved in NSE 2

The complaint ratio of ASE Capital Markets is quite marginal given the fact they are over two decades in operation. Just a couple of complaints from BSE and NSE which has been dealt expertly in time.


Disadvantages of ASE Capital

ASE Capital Markets, in spite of a reputed name in the stock trading industry, has some genuine issues that they should resolve for future sustainability:

  • The cost to open a Demat and Trading account along with its AMC is on the higher side. In fact, most of their rivals even the service for free.
  • Very less offers to traders.
  • The Exposer or Leverage Ratio is below average stock trading industry.
  • There is no Web trading platform which till date many stock trader fancies.

Conclusion of ASE Capital Review

With over two decades of stock trading experience, ASE Capital Markets is undoubtedly one of the reputed stockbroking companies in India.

The brokerage fee is mouth-watering for the traders with a comparatively lesser percentage of additional charges. However, the problem lies with the lack of automation services.

They don’t provide good enough offers to keep the traders interested. Ultimately, we can come to the conclusion that they are vulnerable is some specific areas where they need to focus on future sustainability.


Get a Call back from ASE Capital Markets

Fill Your Details Here
  1. Open Demat Account

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