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ASE Capital Markets is a full-service stockbroker company that has been operating since 2000. 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 Ratings by Top10StockBroker

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

Company Type Public
Broker Type Full Service Broker
Headquarters Ahmedabad, Gujarat
Founder Ahmedabad Stock Exchange
Established Year 2000

ASE Capital MarketsASE Capital Markets has started its journey in the year 2000. 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 0.30%
    Equity Intraday 0.02%
    Equity Futures 0.02%
    Equity Options Rs 72 per lot
    Currency Futures 0.02%
    Currency Options Rs 72 per lot
    Commodity 0.02% / Rs 20 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 0.30% 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 0.02%.

    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.72.

    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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    ACML Capital Markets Other Charges

    Other Charges
    SEBI Turnover Charges 0.00005% (Rs.5/Crore)
    STT Equity Delivery: 0.1% on both Buy and Sell
    Equity Intraday: 0.025% on the Sell Side
    Equity Futures: 0.01% on Sell Side
    Equity Options: 0.05% on Sell Side(on Premium)
    Commodity Futures: 0.01% on sell side (Non-Agri)
    Commodity Options: 0.05% on sell side
    Currency F&O: No STT
    On Exercise transaction: 0.125%
    Right to entitlement: 0.05% on sell side
    Stamp Duty (On buy side only) Delivery: 0.015%, Intraday: 0.002%, Equity Futures: 0.002%, Equity Options: 0.002%, and Currency F&O: 0.0001%.Commodity Futures: 0.002%, Commodity Options: 0.002% (MCX)
    GST 18% on (Brokerage + Transaction Charge + SEBI Fee)
    Margin Funding Charges NA
    Reactivation Charges Rs 50 per instruction
    Account Closure Charges NIL
    Dematerialisation Charges Rs 10 per certificate + Rs 50 per request
    Pledge Creation Rs 20 + Rs 12 per request (CDSL Charges)
    Pledge Invocation Rs 20
    Margin Pledge/Unpledge/ Pledge closure Rs 20 + Rs 12 per request (CDSL Charges)
    Margin Repledge Rs 20 + Rs 12 per request (CDSL 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 0.00005% 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
    Trading Charges [One Time] Rs 0 (Free)
    Trading AMC [Yearly] Rs 0 (Free)
    Demat Charges [One Time] Rs 150
    Demat AMC [Yearly] Rs 399 with GST
    Margin Money Rs.10,000 Minimum
    Offline to Online Yes

    ASE Capital Markets charge Rs 150 to open a Demat account which is indeed higher than its current rival companies.

    They also charge Rs 399 for the AMC of the Demat and Trading accounts respectively. However, the Trading account opening is free of cost.

    ASE Capital Markets 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.

    To know about offers of other stock brokers check below

    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.

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      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.

      ACML Capital Markets Products & Services

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

      ASE Capital Markets 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

      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.

      ACML 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 1x
      Equity Intraday Upto 5x
      Equity Futures 1x
      Equity Options 1x
      Currency Futures 1x
      Currency Options 1x
      Commodities Future 1x
      Commodities Option 1x
      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 1x for Currency Futures and Commodities, again that is way below industry standard.

      They offer Equity Futures and Currency Options at up to 1x, which is just about par in the stockbroking industry. As for the Equity Options, they provide up to 1x. 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.

      ACML 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.

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