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BGSE Financials Review, Brokerage Charges, Demat A/C, Platforms & more

With just over two decades of operations, BGSE Financials is a pinnacle in the stock trading industry and one of the leading full-service stockbroking companies in Bangalore.

BGSE Financials have accomplished extraordinary success and hence a corporate member of the National Stock exchange and Bombay Stock Exchange.

They have a well-thought-out fees structure and provide support to their respective trading associates from 9 branches scattered all around India.

The yearly trading volume is ₹40,000 and have a customer base of over 70,000. All these numbers recite its success over the years and should continue to dominate the stock trading industry in future.

Bgse Financials offers


BGSE Financials Customer Ratings & Review

Experience3.4/5
Products & Services3.1/5
Brokerage Charges & Fees3.3/5
Stock Research & Advisory3.0/5
Trading Platforms3.2/5
Overall Ratings3.2/5
Star Ratings★★★☆☆
Total Client Reviews378

 


About BGSE Financials

Company TypePublic
Broker TypeFull Service Broker
HeadquartersBangalore, Karnataka
FounderPramod G Jain
Established Year1999

BGSE Financials

BGSE Financials is a Bangalore based stockbroking company established in the year 1999. The founder Mr. Pramod G Jain, a visionary, has inspired many associates to follow their instincts while trading.

The idea is to populate knowledge among the fellow trader and motivate them to take calculative risks to gain handsome profit. They have followed this idealism, and mainly, this has been their success mantra.

Another interesting fact is that they facilitate trading on NSE and BSE via influential registered traders which means they don’t trade using their own accounts.


Open Demat Account with BGSE Financials

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BGSE Financials Brokerage Charges

Equity Delivery Trading0.2% – 0.4%
Equity Intraday Trading0.02% – 0.04%
Commodity Options TradingNA
Equity Futures Trading0.02% – 0.04%
Equity Options TradingRs.30 – Rs.100 per Lot
Currency Futures Trading0.02% – 0.04%
Currency Options TradingRs.20 – Rs.75 per Lot
Minimum BrokeragePercentage of Transaction
Demat AMC ChargesRs.400 per Annum
Trading AMC ChargesRs.250 per Annum
Margin MoneyZero Margin
Brokerage CalculatorBgse Financials Brokerage Calculator

BGSE Financials is involved in one of the unique fee structures in the stock trading industry. For Equity Delivery Trading, they levied a fee between 0.2% – 0.4%, which sounds thrilling.

They also accumulate a modest price for Equity Intraday Trading, Equity Futures Trading, and Currency Futures Trading, which ranges between 0.02% – 0.04%.

However, when we check out the fees for Equity Options Trading, it looks enormous, which ranges somewhat between ₹30 – ₹100 per lot. The same story is for the Currency Options Trading, which is in between ₹20 – ₹75 per lot.

What is interesting to observe is how much will it revolve around the lower threshold and how much towards the upper limit. Meanwhile, there is no Margin Money threshold.


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BGSE Financials Other Charges

Transaction Charges0.00275%
STT0.0126% of Total Turnover
SEBI Turnover Charges0.0002% of Total Turnover
Stamp DutyDepends on State (very minimal)
GST18% of (Brokerage + Transaction Charges)

BGSE Financials has a clear vision of the additional fees they charge. For the transaction fee, they levied 0.00275%, which is somewhat less than most of the stockbroking companies.

The STT and SEBI Turnover Charges are quite the same as most companies, which is 0.0126% and 0.0002% respectively. However, both these charges are levied on Total Turnovers.

Moreover, there is the variable Stamp Duty fee and GST fee. GST will be of 18% calculated on the total value of Transaction fee and Brokerage fee. The trader should understand that these additional fees will not alter the profit margin drastically.


 

BGSE Financials Demat Account Opening Fees

Depository SourceCDSL & NSDL
Account Opening ChargesFree
Demat AMC ChargesRs.400 per Annum
Trading AMC ChargesRs.250 per Annum
Margin MoneyZero Margin
Offline to OnlineYes

As we are discussing the strange pricing structure of BGSE Financials, we should mention the cost to open a new account with them.

It is free of charge! Yes, they don’t charge anything, but while anyone opens a new account with them, they provide the Demat and Trading account.

However, the AMC of Demat account is ₹400. Surprisingly, there is a cost for the AMC of Trading account as well – ₹250, something that the traders don’t expect a company to charge separately.


BGSE Financials Offers

Free Demat AccountNo
Free Trading AccountNo
Discount on BrokerageYes
Trading Happy HoursNo
Flexible Brokerage PlansYes
1 Month Brokerage FreeNo
Holiday OffersNo
Referral OffersNo
Zero Brokerage for Loss Making TradesNo

The offers BGSE Financials provide is, to be honest, disappointing. We have discussed already that there are costs involved in Demat and Trading account. To add to that, they don’t offer anything significant apart from a few discounts to brokerage fees.

Even though they provide Flexible Brokerage Plans, the lack of features like Trading Happy Hours, Holiday Offers, Referral Offers, and 1-month free Brokerage doesn’t justify the AMC they charge for the accounts.

After this, the traders don’t expect the company to take responsibility of unsuccessful trading.


To know about offers of other stock brokers check below

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Comfort SecuritiesNarnolia SecuritiesB N Rathi SecuritiesBP Equities

How to Open a Demat Account with BGSE Financials?

In order to open a new account with BGSE Financials, the traders must follow these simple steps:

  • Click on the “Open Demat Account” button below.
  • Fill up the form with details like Name, Mobile No. & City & Submit the form.
  • You will receive a call from the representative & will schedule a meeting with you.
  • They will ask for necessary KYC documents that the traders must submit.
  • There is no registration fee involved. So, once the submitted documents are verified, they will provide the credentials for Demat and Trading accounts.

Why Open BGSE Financials Trading Account?

There are numerous reasons why a trader should open an account with BGSE Financials. Here are some noteworthy reasons:

  • They charge a reasonable brokerage fee.
  • They offer decent Exposure or Leverage.
  • Very few complaints against them over the years.

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BGSE Financials Products & Services

Here are the list of Products & Services provided by BGSE Financials –

Products Offered by BGSE Financials

Equity TradingYes
Commodity TradingYes
Currency TradingYes
OptionsYes
FuturesYes
Mutual FundsYes
ForexNo
BankingNo
SIPYes
InsuranceNo

BGSE Financials offers a dynamic range of stock trading products. To start with they deal with Equity Trading, Commodity Trading, and Currency Trading.

Apart from that, they also deal with Options, Futures, and Mutual Funds. Last but not least, they have an essential SIP service. However, they haven’t facilitated Forex, Banking, and Insurance activities.

BGSE Financials Service Offerings

Demat ServicesYes
Trading ServicesYes
3 in 1 AccountNo
Intraday ServicesYes
IPO ServicesNo
Stock RecommendationsNo
Robo AdvisoryNo
PMSNo
Trading InstitutionNo
Trading ExposureUpto 6X

When we talk about stock trading services, the traders often get frustrated. Yes, they are associated with every Demat and Trading account-related activity, but they don’t provide any other services like IPO, Stock Recommendations, Robo Advisory, PMS, and so on.

However, they barely deliver Intraday services. Surprisingly, BGSE Financials offers up to staggering 6x trading exposure in spite of not being an official Trading Institution.


 

BGSE Financials Research, Advisory and Stock Tips

Fundamental ReportsNo
Research ReportsNo
Company ReportsNo
Annual ReportsNo
Company Stock ReviewNo
Free Stock TipsYes
IPO ReportsNo
Top PicksNo
Daily Market ReviewNo
Monthly ReportsNo
Weekly ReportsNo
Offline AdvisoryYes
Relationship ManagerYes

BGSE Financials disappoints their existing traders with minimal functionalities. Here is what they offer:

  • The stock broker provides free stock tips.
  • BGSE provides Offline Advisory.
  • They provide dedicated Relationship Managers.

BGSE Financials Exposure or Leverage

Equity DeliveryUpto 2X
Equity IntradayUpto 6X
Equity FuturesUpto 2X
Equity OptionsUpto 5X
Currency FuturesUpto 3X
Currency OptionsUpto 3X
CommoditiesUpto 3X
Margin CalculatorBgse Financials Margin Calculator

BGSE Financials delivers a decent Exposure or Leverage ratio to their respective traders. For Equity Delivery and Equity Futures, they offer a maximum of 2x, which is below par.

For Equity Intraday, they deliver up to reeling 6x. The Currency Futures, Currency Options, and Commodities, they provide exposure up to 3x. However, they compensate that with a maximum of 5x for Equity Options.


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BGSE Financials Trading Platforms

Desktop Platform – WindowsYes
Desktop Platform – MacYes
Desktop Browser PlatformNo
Mobile Site PlatformNo
Android App PlatformYes
iOS App PlatformYes
Windows App PlatformNo
Other Mobile OS PlatformNo
Real time UpdatesYes
Portfolio DetailsYes
Online MF BuyNo
News FlashYes
Research ReportsNo
Easy InstallationNo
Global IndicesYes
Stock TipsYes
Personalized AdvisoryNo
Interactive ChartsNo
Live MarketsYes
SMS AlertsNo
Email AlertsYes
Multi Account ManagementNo

The trading platforms that BGSE Financials offer has limited functionalities, something the traders are very disappointed. Here is what they are offering:

BGSE Financials Trading Terminal

BGSE Financials offers a Windows and Mac operating system-based Desktop application.

Unfortunately, the desktop application lacks quite a few critical functionalities such as Online MF Buy, Research Reports, Personalized Advisory, and Interactive Charts.

However, they did provide features like Real-time Updates and Portfolio Details. This platform doesn’t support easy installation, which causes so more hassle for the traders.

BGSE Financials Web Trading Platform

The broking house don’t offer any web trading platform yet.

BGSE Financials Mobile Trading App

BGSE Financials delivers a Mobile app as a trading platform. The app supports both Windows and iOS platforms, which is suited to the users.

It has all those features which are there in the desktop application and all those too which it lacks. Thankfully, the email alert is there to notify the market status.


BGSE Financials Customer Care

Dedicated DealerNo
Offline TradingYes
Online TradingYes
24*7 SupportNo
Support Number
Email SupportYes
Chat SupportNo
Toll Free NumberNo
Branches9

BGSE Financials don’t prefer any dedicated dealer service.

They have 9 branches across the nation and provide customer support through them. One good thing is that they provide both offline and online support.

Even though they don’t have Live Chat support or Toll-Free number support, their email support is capable of any problem escalation.

The fact that over 20 years of operation, very few complaints issued against them. This proved how efficient their support team is.


BGSE Financials Complaints and Feedback

Lodged in BSE0
Resolved in BSE0
Lodged in NSE2
Resolved in NSE2

BGSE Financials provide consistent stock trading services for more than two decades now. What’s fascinating is the number of complaints against them – just two.

Both the complaints have been promptly resolved. Therefore, when it comes to service quality and consistency, they are literary untouchable.


BGSE Financials Disadvantages

The traders should consider these limitations before associating with BGSE Financials:

  • They charge an AMC fee for Trading accounts, which is free in most of the stock trading companies.
  • They provide minimal offers.
  • Research & Advisory services are very less.
  • They don’t offer a web browser version of their trading platforms.

BGSE Financials Conclusion

There is no doubt that BGSE Financials is one of the best stockbroking companies in Southern India, if not the whole of India. Their primary focus is to deliver the core support to let the traders earn more.

For this reason, they charge a nominal brokerage fee, which will help that cause. They have accumulated 378 customer reviews and judging by the fewer number of complaints after operating 20 years; they do live up to the expectations.

Thus, the overall user experience is excellent in spite of some room to improve. So, if a trader thinks whether or not to choose BGSE Financials, we say they are worthy.


Open Demat Account with BGSE Financials

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