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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
Experience5.5/10
Products & Services5.6/10
Brokerage Charges & Fees5.3/10
Stock Research & Advisory5.5/10
Trading Platforms5.6/10
Overall Ratings5.4/10
Star Ratings★★★☆☆
Total Client Reviews156

Overview ASE Capital Markets

Overview
Company TypePublic
Broker TypeFull Service Broker
HeadquartersAhmedabad, Gujrat
FounderAhmedabad Stock Exchange
Established Year1999

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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  1. Open Demat Account

ASE Capital Markets Brokerage Charges & Fees

Brokerage Charge & Fees
Equity Delivery Trading0.5% – 0.15%
Equity Intraday Trading0.05% -0.015%
Commodity Options Trading0.05% -0.015%
Equity Futures Trading0.05% -0.015%
Equity Options TradingRs.20 – Rs.75 per lot
Currency Futures Trading0.05% -0.015%
Currency Options TradingRs.20 – Rs.75 per lot
Minimum BrokeragePercentage of Transacton
Demat AMC ChargesRs.200
Trading AMC ChargesRs.300
Margin MoneyRs.10,000 Minimum
Brokerage CalculatorASE 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 Charges0.00295% of Total Turnover
STT0.0126% of Total Turnover
SEBI Turnover Charges0.0002% of Total Turnover
Stamp DutyDepends on State (very minimal)
GST18% 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 SourceCDSL & NSDL
Account Opening ChargesRs.400
Demat AMC ChargesRs.200
Trading AMC ChargesRs.300
Margin MoneyRs.10,000 Minimum
Offline to OnlineYes

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 AccountNo
Free Trading AccountYes
Discount on BrokerageNo
Trading Happy HoursNo
Flexible Brokerage PlansNo
1 Month Brokerage FreeNo
Holiday OffersNo
Referral OffersNo
Zero Brokerage for Loss Making TradesNo

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

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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 TradingYes
Commodity TradingNo
Currency TradingYes
OptionsYes
FuturesYes
Mutual FundsYes
ForexNo
BankingNo
SIPNo
InsuranceNo

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 ServicesYes
Trading ServicesYes
3 in 1 AcountNo
Intraday ServicesYes
IPO ServicesYes
Stock RecommendationsYes
Robo AdvisoryNo
PMSNo
Trading InstitutionNo
Trading ExposureUpto 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 ReportsNo
Research ReportsYes
Company ReportsNo
Annual ReportsNo
Company Stock ReviewNo
Free Stock TipsYes
IPO ReportsNo
Top PicksYes
Daily Market ReviewNo
Monthly ReportsNo
Weekly ReportsNo
Offline AdvisoryYes
Relationship ManagerYes

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 DeliveryUpto 1x
Equity IntradayUpto 5x
Equity FuturesUpto 3x
Equity OptionsUpto 4x
Currency FuturesUpto 2x
Currency OptionsUpto 3x
CommoditiesUpto 2x
Margin CalculatorASE 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 – WindowsYes
Desktop Platform – MacYes
Desktop Browser PlatformNo
Mobile Site PlatformNo
Android App PlatformNo
iOS App PlatformNo
Windows App PlatformNo
Other Mobile OS PlatformNo
Real time UpdatesYes
Portfolio DetailsYes
Online MF BuyNo
News FlashNo
Research ReportsNo
Easy InstallationNo
Global IndicesYes
Stock TipsNo
Personalized AdvisoryNo
Interactive ChartsYes
Live MarketsYes
SMS AlertsNo
Email AlertsNo
Multi Account ManagementNo

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 DealerYes
Offline TradingYes
Online TradingNo
24*7 SupportNo
Support NumberNA
Email SupportNo
Chat SupportNo
Toll Free NumberNo
Branches10

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 BSE1
Resolved in BSE1
Lodged in NSE2
Resolved in NSE2

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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