Bezel Stock Brokers Review, Brokerage Charges, Demat A/C, Platforms & more

Bezel Stock Brokers is a full-service brokerage house operating for over 20 years now. They provide consistent stock trading services and charge reasonable brokerage fees.

The services they provide are top-notch backed by decent Exposure & Leverage ratio. The trading platforms are a point of concern for them, and eventually, it leads to bad user experiences at times.

However, with 110 customer reviews with a capable support team, they are undoubtedly considered as one best stockbroking companies in Northern India.

Bezel Stock Brokers Ratings & Review by Top10StockBroker

About Bezel Stock Brokers

Bezel Stock Brokers is a full-service stockbroking company, established in 1998. Its headquarter is in the Capital City of India, New Delhi.

The founder’s name is Angad Singh Bhatia who have been an inspiration for the company over the years.

The company got the Membership in MCX in the year 2005, which built its foundation in Commodity Trading.

Very soon in 2006, they got the Membership in NCDEX which lead them to become the Leader of Pioneered GOLD trading in MCX in the year 2007.

They finally got the Membership in NSE and MCX-SX in the year 2008. Since then, they have accomplished many feet in stock trading industries which have been their mantra of success over the years.

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Bezel Stock Brokers Brokerage Charges

Bezel Stock Brokers is renowned for its competitive pricing structure. They charge 0.20% for Equity Delivery Trading, which is very aggressive compared to its rival companies. For Equity Intraday Trading, they charge a nominal 0.02%.

The same 0.02% is for Equity Futures Trading and Currency Futures Trading. Another impressive pricing structure they charge is for Equity Options Trading, which is ₹20 per lot.

Now, one can argue it is not that much low, but they charge ₹10 per lot. The Margin Money, however, is zero.

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Bezel Stock Brokers Other Charges

The additional charges that Bezel Stock Brokers levied is tolerable unlike some of its rival companies who charge excessively.

They settle down to 0.00315% for the Transaction Charges, whereas, for the STT, they charge 0.0126% on Total Turnovers.

They also charge 0.0002% on Total Turnovers for the SEBI Turnover Charges. To add to that, they also collect Stamp Duty fees, which is dynamic, and the price varies from one state to another.

Of course, there are GST fees of 18% levied over the aggregate amount of the total transaction fee along with the brokerage fees.

Amidst these additional fees, the traders should understand that these fees are mandatory. However, these fees will not affect the profit margin much as these are indeed very nominal amounts.

Bezel Stock Brokers Demat Account Opening Fees

The cost to open an account with Bezel Stock Brokers is ₹400. Along with this account, the traders will get the Demat Account and the Trading Account.

The most important thing that the traders should consider is the fact that there are no AMC involved for either of the accounts. Yes, they provide free AMC to both Demat and Trading accounts.

Bezel Stock Brokers Offers

While the account opening may cost ₹400, the best thing is Bezel Stock Brokers provide free Demat and Trading account activities. On top of that, they offer occasional discounts on their Brokerage fees, which many companies don’t.

Another attractive offer is 1-month free Brokerage to new traders, something that inspires new traders. However, they lack some of the essential services as well, like Trading Happy Hours, Flexible Brokerage Plans, Holiday offers, and Referral offers.

Nowadays, no companies compensate for unsuccessful trades; Bezel Stock Brokers is no exception.

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How to Open a Demat Account with Bezel Stock Brokers?

The Demat & Trading account is complementary with the account. Now, to create a new account with Bezel Stock Brokers, the traders must follow these simple steps:

• Click on the green button “Open Demat Account”. A pop-up form will apprear, The traders must fill that form and wait for a representative to call.
• The representative will ask for the proper documents to complete the KYC verification which the traders must submit to their portal.
• There is an option at the top of the homepage “Online Payment”. The traders must click of that to pay the registration fees of ₹400 after the KYC verification process.
• Once they confirm the payment and the KYC verification is done, they will hand over the credential and guide the trader to log in to their respective accounts.

Why Open Bezel Stock Trading Account?

Bezel Stock Brokers is a multipurpose stock trading company. There are ample reasons one should be associated with them and create their respective accounts:

• Bezel Stock Brokers charges a very competitive Brokerage fee.
• The broker offer free AMC for both Demat and Trading accounts.
• They cash-in their experience and deliver a compelling overall user experience.

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Bezel Stock Brokers Products & Services

Here are the list of Products & Services provided by Bezel Stock Brokers –

Products Offered by Bezel Stock Brokers

Bezel Stock Brokers delivers a wide range of stockbroking Products. To start with they provide excellent Equity and Commodity Trading experience. To add to that, they provide unique Currency Trading, Options, and Futures related services.

They also deal with Mutual Funds, Forex, and SIP-related services. However, they don’t deal with Banking and Insurance activities yet.

Bezel Stock Brokers Service Offerings

Bezel Stock Brokers stumble a bit in providing some essential stock trading services like IPO, Robo Advisory, and PMS. However, any activity related to Demat and Trading account is well covered by their end.

They are also very competent in Intraday services and Stock Recommendations. There is a fascinating thing that one may surprise is that even though Bezel Stock Brokers is not an official Trading Institution, they somehow manage to deliver up to 6x Trading exposure.

Bezel Stock Research, Advisory and Stock Tips

Bezel Stock Brokers delivers an average Research & Advisory services. Here is what they offer:

• The stock broker provide free Stock Tips.
• Bezel Stock Brokers suggest Top Picks.
• They provide daily, weekly, monthly market reviews.
• The broking house offer Offline Advisory services.
• They provide dedicated Relationship Managers.

Bezel Stock Exposure or Leverage

Bezel Stock Brokers offers quite an impressive Exposure or Leverage to the traders. For Equity Delivery, they offer up to 2x, whereas, for Equity Futures, they offer a maximum of 3x. Now, this is adequate as per the experts.

The most significant offer is for the Equity Intraday – up to 6x, something a very few companies offer. For Equity Options and Currency Futures, they offer a maximum of 2x, whereas, for Currency Options and Commodities, they offer up to 3x.

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Bezel Stock Brokers Trading Platforms

The various trading platforms provided by the stock broker are –

Nowadays, every trader looks for quality trading platforms as it an imperative part to do successful trading. Here is what Bezel Stock Brokers provide:

Bezel Stock Brokers Trading Terminal

Bezel Stock Brokers delivers a trading platform in the form of a Desktop application. The user experience for the platform is average as there are some essential features, but some critical elements are missing as well.

The Desktop application runs in both Windows and Mac operating system, which is suitable for the traders but lacks the easy installation option.

It has key features like Online MF Buy, Real-time Updates, and Portfolio Details but lacks options like Research Reports, Personalized Advisory, and Interactive Charts.

Bezel Stock Brokers Web Trading Platform

The stock broker currently doesn’t provide web trading platform.

Bezel Stock Brokers Mobile Trading App

Bezel Stock Brokers also delivers a trading platform in the form of a Mobile app which can be downloaded from the website or via Google Playstore & Apple Store.

The app is available in both the Android and iOS platform. Just like the desktop application, the mobile app has all the essential features in-built in it.

Additionally, it has Live Markets and Email Alerts to notify what is happening in the stock market.

Bezel Stock Customer Care

The broking company offers the following networks of communications to its users as given below:

Bezel Stock Brokers doesn’t provide support services through dedicated dealers; instead, they rely on their 5 branches all around India. They provide support to both online and offline users, which is a relief to vintage stock traders.

Although they have a responsive email handling unit, but nowadays every trader wants Live Chat support and Toll-free numbers to get instant help, something Bezel Stock Brokers don’t deliver as of now.

Bezel Stock Complaints and Feedback

When a company operates for an extended period, there are probabilities of some grievances from customers’ end. Bezel Stock Brokers is not an exception in this case.

However, the number of complaints is on the higher end as per the experts – 15. Moreover, the percentage of the number of complaints received against the number of active clients is also on the more upper side – 1.36%, which is quite low for other stockbroking companies.

However, all the complaints have been successfully resolved.

Bezel Stock Brokers Disadvantages

Here are the drawbacks or disadvantages of being associated with Bezel Stock Brokers:

• They don’t provide adequate Research & Advisory services to their respective trading associates.
• The overall trading platform experience is below average.
• There are a bit number of complaints issued against them more when compared to their rival companies.

Bezel Stock Brokers Conclusion

In spite of some complaints and less compelling trading platforms, Bezel Stock Brokers has successfully operated the business for 21 years.

They have 5 branches, which provides services and support to their existing trading associates. They are honorary members of some of the elite financial institutions that narrate their success story.

So overall we can say Bezel Stock Brokers is one of the reliable stockbroking companies in New Delhi area, if not in whole India.

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