Basan Equity Review, Brokerage Charges, Demat A/C, Platfroms & more

Basan Equity Broking is a colossal name in the stock trading industry. They offer essential stock trading products and services for over a decade.

With 152 positive reviews, they provide compelling user experience to their respective trading associates. They never fail to amaze their trading associates with prompt stock trading services.

They do offer quality services by 203 branches across India backed by a dedicated support team. However, they let down the traders by lack of promotional offers, and they often criticized for poor trading platform experience.

Having said so, they are a team of experienced stock traders who are extremely helpful in teaching new traders. That is what has been the mantra of success for more than a decade long crusade.

Basan Equity Broking offers


Basan Equity Customer Ratings & Review

Experience 2.5/5
Products & Services 3.4/5
Brokerage Charges & Fees 3.3/5
Stock Research & Advisory 2.6/5
Trading Platforms 2.4/5
Overall Ratings 2.7/5
Star Ratings ★★★☆☆
Total Client Reviews 152

 


About Basan Equity

Company Type Private
Broker Type Full Service Broker
Headquarters Hyderabad, A.P
Founder Basanth Agarwal
Established Year 2007

Basan Equity

Basan Equity Broking founded in the year 2007 with the headquarter located in Hyderabad.

The honorary founder Mr. Basanth Agarwal is a man with a vision to deliver “genuine value for money” services with every deal.

Operating from 203 branches scattered all around the country, they believe in providing high-quality support to improve the overall user experience. The variety in their service line is worth mentioning as one can easily refer them a full-service broking company.

They have gained membership in BSE and NSE, and along with that, they have also managed to enlist their name in NCDEX and MCX, the two driving Commodity Exchanges.


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Basan Equity Brokerage Charges

Equity Delivery Trading 0.30%
Equity Intraday Trading 0.03%
Commodity Options Trading NA
Equity Futures Trading 0.03%
Equity Options Trading  Rs.30 per Lot
Currency Futures Trading 0.03%
Currency Options Trading Rs.30 per Lot
Minimum Brokerage Percentage of Transaction
Demat AMC Charges Rs.299 per Annum
Trading AMC Charges Free
Margin Money Minimum Rs.5,000
Brokerage Calculator Basan Equity Broking Brokerage Calculator

When it comes to the brokerage fees, Basan Equity Broking charge standard rates. For Equity Delivery Trading they charge 0.30%. Some can argue, it is on the higher side if we compare with rival companies.

In the case of Equity Intraday Trading, they charge 0.03% which is very competitive. They charge the same 0.03% also for Equity Futures Trading and Currency Futures Trading.

Now here is a bummer; they charge ₹30 per lot for both Equity Options Trading and Currency Options Trading, which according to experts are considerably high when compared to the rival stock trading companies.

Meanwhile, the minimum Margin Money value is ₹5,000.


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Basan Equity Other Charges

Transaction Charges 0.00320%
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)

The additional fees which every stock trading company charge is something every trader have to bear. There is no exception for Basan Equity Broking as they charge 0.00320% for Transaction Charges.

Next in line is the STT fee of 0.0126% calculated on Total Turnover. The SEBI Turnover Charges estimated again on Total Turnover is 0.0002%.

The Stamp Duty fee calculation is hard to predict as it varies from state to state. Finally, the GST of 18% calculated on the summation of the brokerage fee and the transaction fees.

We still believe that the traders should not feel disappointed as these fees will not hugely alter the profit margin while trading.


 

Basan Equity Demat Account Opening Fees

Depository Source CDSL & NSDL
Account Opening Charges Rs.100
Demat AMC Charges Rs.299 per Annum
Trading AMC Charges Free
Margin Money Minimum Rs.5,000
Offline to Online Yes

To open an account with Basan Equity Broking, they charge ₹100. The good thing is the Demat account, and Trading account is complementary with this account.

However, there is an AMC fee for the Demat account which is ₹299 per annum. In the case of Trading account, the AMC is free of cost.


Basan Equity Offers

Free Demat Account No
Free Trading Account Yes
Discount on Brokerage Yes
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

When it comes to providing lucrative offers, Basan Equity Broking disappoints their respective trading associates immensely.

Yes, they offer free Trading account opening along with its AMC, but nothing else apart from that. They do provide occasional discounts on brokerage fee but no Happy Trading Hours, no Holiday Offers or Referral programs.

The traders don’t expect 1-month free brokerage, but they don’t even have flexible plans for brokerages.

After this, of course, the traders don’t expect compensations or rebates if suffering losses while trading. Overall, this section is undoubtedly a weak link for them.


To know about offers of other stock brokers check below

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Comfort Securities Narnolia Securities B N Rathi Securities BP Equities

How to Open a Demat Account with Basan Equity?

Basan Equity Broking provides seamless account opening. The account includes the Demat and Trading accounts. Here are the steps to follow:

  • The traders can see a green button “OPEN DEMAT ACCOUNT.” The interested traders must fill out the form with relevant information.
  • One of the representatives of Basan Equity Broking will call to the given contact number and ask a few questions.
  • Then they will initiate the KYC verification process and ask the trader to submit their respective documents.
  • Simultaneously, the traders must pay ₹100 as registration fees whose link will be sent by the representative.
  • Once, the payment is confirmed, and the KYC verification completes, the representative will provide you the login credential for Demat and Trading accounts.

Why Open Basan Equity Trading Account?

Opening an account with Basan Equity Broking have some essential benefits.

Here is a list of such benefits:

  • They offer just ₹100 to open an account with them. The Account includes the Demat and Trading accounts.
  • They provide compelling services backed by their amazing support team. That is why they have managed the perfect score in complaint department which is Zero!

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Basan Equity Products & Services

Find various products & services provided by the stock broker –

Products Offered by Basan Equity

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

The company offers wide range of products to its clients –

  • Equity Trading
  • Commodity
  • Currency
  • Derivates
  • Forex
  • Insurance

Basan Equity Service Offerings

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

Basan Equity Broking is a versatile company that deals with not only stock trading services but also deals with Commodities, Loans, and Insurance related services as well.

Apart from that they also deal with Derivatives, Currencies, IPO, and Mutual Funds. However, no Banking or SIP activities yet.

Of course, they deal with every Demat and Trading account activity. Apart from that, Basan Equity Broking deal with Intraday and PMS Services.

Not to mention the IPO services. An intriguing fact is that Basan Equity Broking is not a Trading Institution; in spite of that, they managed to provide a maximum of 5x Trading Exposer.

While they also offer stock recommendations, they still haven’t incorporated a 3-in-1 account.


 

Basan Equity Research, Advisory and Stock Tips

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

Here is a list of services Basan Equity Broking provides eventually:

  • The Company suggest free Stock Tips.
  • They suggest Top Picks.
  • Research team offer Offline Advisory services.
  • They provide dedicated Relationship Managers.
  • Basan Equity provide IPO reports.
  • They provide Daily, Weekly & Monthly Review reports.

Basan Equity Exposure or Leverage

Equity Delivery Upto 2X
Equity Intraday Upto 5X
Equity Futures Upto 2X
Equity Options Upto 5X
Currency Futures Upto 2X
Currency Options Upto 3X
Commodities Upto 2X
Margin Calculator Basan Equity Broking Margin Calculator

Here is a list of Exposure or Leverage ratio that Basan Equity Broking offers:

  • For Equity Delivery – Up to 2X
  • Equity Intraday – Up to 5X
  • For Equity Futures – Up to 2X
  • Equity Options – Up to 5X
  • Currency Futures – Up to 2X
  • Currency Options – Up to 3X
  • Commodities – Up to 2x

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Basan Equity Trading Platforms

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

The trading platforms they provide are not over the top. Here is what they deliver:

Basan Equity Broking Trading Terminal

Basan Equity Broking Trading Terminal is primarily a Desktop application that is for both Windows and Mac users. The platform is don’t have the Easy Installation option which is a bummer because this option makes the installation hassle-free and something which almost every rival company provide.

Another shocking aspect is the lack of Online MF Buy option, which every second stock trading company offers. It has some essential options like News Flash reports, Real-time Updates, and Portfolio Details reports, but it hardly compensates the critical features that the platform lacks.

Basan Equity Broking Web Trading Platform

The broking house currently don’t provide any web trading platform to its clients.

Basan Equity Broking Mobile App

It’s a relief to the traders as Basan Equity Broking offers a trading platform in the form of a Mobile App. The app is available in both the Android and iOS operating system. This App is available on their website to download and also in the respective app stores.

It has pretty much the same features; it also lacks the same features which are essentials. There is email alert but no SMS notifications. Overall, there is a disappointment in what they are offering.


Basan Equity Customer Care

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

They provide stunning support through their experienced Customer support team. They have 7 branches all around the country providing support services to both offline and online users.

However, they are yet to facilitate live chat support or toll-free numbers, but the email response time is fast enough to resolve any issue.


Basan Equity Complaints and Feedback

Find the list of complaint against Basan Equity

Lodged in BSE 0
Resolved in BSE 0
Lodged in NSE 0
Resolved in NSE 0

Basan Equity Broking has a very experienced and efficient panel expert. That is why no complaints have issued against them.

It is quite an achievement as they are in operations for around 12 years now.


Basan Equity Disadvantages

Being a 12-year-old company, they have some obvious problems which they should fix immediately:

  • Minimal offers to traders if compared to other stock trading companies.
  • The pricing structure is inconsistent and sometimes irrational.
  • They provide backdated trading platforms with very minimal assistance.

Basan Equity Conclusion

When do we decide to choose for the perfect stock trading company, what exactly we should look? Basan Equity Broking is extremely dedicated to provide the best value for money deals to their respective trading associates.

They charge acceptable fees for their services too. However, if we discuss the problems, they are quite visible.

No promotional offers to keep the traders interested along with the backdated trading platforms make things worse for the traders.

So, to answer the question, we should choose a company that has the flexibility to manage the complexities of the stock trading industry.

Basan Equity Broking qualifies to that but only by a margin. They must improve their weaknesses to sustain in this industry.


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