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

Experience 3.4/5
Products & Services 3.1/5
Brokerage Charges & Fees 3.3/5
Stock Research & Advisory 3.0/5
Trading Platforms 3.2/5
Overall Ratings 3.2/5
Star Ratings ★★★☆☆
Total Client Reviews 378


About BGSE Financials

Company Type Public
Broker Type Full Service Broker
Headquarters Bangalore, Karnataka
Founder Pramod G Jain
Established Year 1999

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.

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BGSE Financials Brokerage Charges

Equity Delivery Trading 0.2% – 0.4%
Equity Intraday Trading 0.02% – 0.04%
Commodity Options Trading NA
Equity Futures Trading 0.02% – 0.04%
Equity Options Trading Rs.30 – Rs.100 per Lot
Currency Futures Trading 0.02% – 0.04%
Currency Options Trading Rs.20 – Rs.75 per Lot
Minimum Brokerage Percentage of Transaction
Demat AMC Charges Rs.400 per Annum
Trading AMC Charges Rs.250 per Annum
Margin Money Zero Margin
Brokerage Calculator Bgse 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 Charges 0.00275%
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)

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 Source CDSL & NSDL
Account Opening Charges Free
Demat AMC Charges Rs.400 per Annum
Trading AMC Charges Rs.250 per Annum
Margin Money Zero Margin
Offline to Online Yes

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 Account No
Free Trading Account No
Discount on Brokerage Yes
Trading Happy Hours No
Flexible Brokerage Plans Yes
1 Month Brokerage Free No
Holiday Offers No
Referral Offers No
Zero Brokerage for Loss Making Trades No

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 Securities Narnolia Securities B N Rathi Securities BP 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 Trading Yes
Commodity Trading Yes
Currency Trading Yes
Options Yes
Futures Yes
Mutual Funds Yes
Forex No
Banking No
Insurance No

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 Services Yes
Trading Services Yes
3 in 1 Account No
Intraday Services Yes
IPO Services No
Stock Recommendations No
Robo Advisory No
Trading Institution No
Trading Exposure Upto 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 Reports No
Research Reports No
Company Reports No
Annual Reports No
Company Stock Review No
Free Stock Tips Yes
IPO Reports No
Top Picks No
Daily Market Review No
Monthly Reports No
Weekly Reports No
Offline Advisory Yes
Relationship Manager Yes

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 Delivery Upto 2X
Equity Intraday Upto 6X
Equity Futures Upto 2X
Equity Options Upto 5X
Currency Futures Upto 3X
Currency Options Upto 3X
Commodities Upto 3X
Margin Calculator Bgse 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 – Windows Yes
Desktop Platform – Mac Yes
Desktop Browser Platform No
Mobile Site Platform No
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 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 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 9

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 BSE 0
Resolved in BSE 0
Lodged in NSE 2
Resolved in NSE 2

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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