Canmoney is a widely known stock broking and trading service providing group available in the country. The stock-broking company is good at offering trading services to all its clients as well as partners.
In this article, we will have a discussion about the review of canara bank securities brokerage plans, products, services, trading platforms, offers, leverage and more.
Canara Bank Securities Customer Ratings & Review
|Products & Services||3.1/5|
|Brokerage Charges & Fees||3.3/5|
|Stock Research & Advisory||3.0/5|
|Total Client Reviews||198|
|Broker Type||Full Service Broker|
|Founder||P S Jayakumar|
The Canmoney is the largest full-service broking industry available across the nation. It is a public company founded by Mr PS Jayakumar in the year 2009.
The headquarters of the company is located in Mumbai, Maharashtra. The company is best at providing broking services at minimal charges to its clients.
Here we will discuss the core features of its broker with whole Canmoney corporation models, customized brokerage charges, associated costs, eligibility measures, profits and more.
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Canmoney Brokerage Charges
Canmoney is a popular and trustworthy stockbroker. It provides convenient tailor-made brokerage charges to all its customers for huge satisfaction.
Here is the quick list of brokerage charges imposed by the company are as follows-
|Equity Delivery Trading||0.40%|
|Equity Intraday Trading||0.04%|
|Commodity Options Trading||0.04%|
|Equity Futures Trading||0.04%|
|Equity Options Trading||Rs.60 per Lot|
|Currency Futures Trading||0.04%|
|Currency Options Trading||Rs.40 per Lot|
|Minimum Brokerage||Percentage of Transaction|
|Demat AMC Charges||Rs.500 per Annum|
|Trading AMC Charges||Free|
|Margin Money||Minimum Rs.25,000|
|Brokerage Calculator||Canmoney Brokerage Calculator|
The Canmoney broking house levy 0.40% equity delivery charges. Also charge 0.04% on equity intraday trading, commodity options trading, equity futures trading and currency futures trading.
The company charge Rs. 60 per lot on equity futures trading and Rs. 40 per lot on currency options trading. For the maintenance of the demat account, it charges Rs. 500 per annum and there is no such charges for trading account maintenance.
Moreover, the Canmoney firm charge minimum Rs. 25,000 as margin money for the guarantee.
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Canara Bank Securities Other Charges
|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)|
As per the above-given table chart, the company has customised other type of fees apart from brokerage fees. Other charges levied by the stockbroking house includes- 0.00325% Transaction Charges.
The STT charges are 0.0126% of total turnover, 0.0002% charge is taken on total SEBI turnover, stamp duty charges have a dependency on state and get charges are 18% of brokerage and transaction charges.
However, the stockbroking house charges all these charges at a minimal percentage which will surely not affect your trading performance.
anmoney Demat Account Opening Fees
|Depository Source||CDSL & NSDL|
|Account Opening Charges||Rs.350|
|Demat AMC Charges||Rs.500 per Annum|
|Trading AMC Charges||Free|
|Margin Money||Minimum Rs.25,000|
|Offline to Online||Yes|
The user can easily open up their demat account with the Canmoney. Normally, the broking house charges Rs. 350 for opening a new demat account and opening up a trading account with the company is free.
However, the broker levy Rs. 500 as AMC for a demat account and there are no such annual charges for trading account maintenance.
The company also take Rs. 25,000 as margin money from its customers. It provides flexibility in offline to online trading.
Canara Bank Securities Offers
|Free Demat Account||No|
|Free Trading Account||Yes|
|Discount on Brokerage||No|
|Trading Happy Hours||No|
|Flexible Brokerage Plans||No|
|1 Month Brokerage Free||No|
|Zero Brokerage for Loss Making Trades||No|
The complete list of offers provided by the Canmoney is given below-
- The company provide flexibility in opening a free trading account to all of its customers.
- It is best at offering flexible and convenient holiday offers for more satisfaction
- Offers flexibility in brokerage plans also.
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How to Open a Demat Account with Canmoney?
The process of Canara Bank Securities Demat Account Opening in mentioned below –
- To open up a demat account with the broking house, you require to properly fill up the form given below.
- After filling it successfully, users have to click on the submit button given below in green colour.
- Once you fill up the demat form, the executives from Canmoney will call you for verification.
- After that, you will be required to submit all the necessary KYC documents for the further verification process.
- Once the verification process is done successfully, you will be able to use your demat account in 2 to 3 hours.
Why Open Canara Bank Securities Trading Account?
As it is clearly known that trading account is required for trading money, currencies or much other variety of assets as well. Demat account is only offered to provide safety to all of your shares.
Following are the advantages of opening up a Canmoney trading account –
- Users can open a flexible trading account without paying any money.
- No annual maintenance charges are levied by the company for a trading account.
- You can experience flexible trading services with the broking group.
- The whole assortment of products and services is offered for more convenience by the broking house.
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Canara Bank Securities Products & Services
Here are the list of Products & Services provided by Canmoney –
Products Offered by Canmoney
The broking house provides flexibility in offering various trading as well as investment products to its customers.
The products of the company include- equity trading, commodity trading, currency trading, futures and options as well.
Canmoney Service Offerings
|3 in 1 Acount||No|
|Trading Exposure||Upto 6X|
For more convenience, the broking house offers qualitative training sessions to all the users before they start trading.
The entire Canmoney team acknowledge clients deeply regarding the trading as well as demat account. The company provide IPO and Intraday services to the clients for flexibility. It’s trading exposure is up to 6x.
Canara Bank Research, Advisory and Stock Tips
|Company Stock Review||Yes|
|Free Stock Tips||Yes|
|Daily Market Review||Yes|
The comprehensive Canmoney firm provide deep research analysis to all of its users as well as partners at all the stages given below-
- The company is good at offering appropriate fundamental, research, IPO and company reports in detail.
- The broking house also provides monthly and weekly reports for betterment and flexibility.
- It provides free recommendations on stocks or assets.
- Provide company stock review and daily market review as well.
- Offline advisory and relationship manager support are also provided to all its users.
Canara Bank Exposure or Leverage
|Equity Delivery||Upto 2X|
|Equity Intraday||Upto 6X|
|Equity Futures||Upto 3X|
|Equity Options||Upto 5X|
|Currency Futures||Upto 2X|
|Currency Options||Upto 2X|
|Margin Calculator||Canmoney Margin Calculator|
The Canmoney is the topmost form offers exposure or leverage up to 6x. And the good leverage provided by the company is in equity intraday and equity options.
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Canara Bank Securities Trading Platforms
Here are the list of trading platforms provided by the broking house –
|Desktop Platform – Windows||Yes|
|Desktop Platform – Mac||No|
|Desktop Browser Platform||Yes|
|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|
|Online MF Buy||No|
|Multi Account Management||No|
Canmoney is one of the best stockbroking companies available in India. Following are some trading platforms provided by the trading company-
Canmoney Web-based trading platform
A very convenient and flexible web-based trading platform is provided by the company for smooth trading. This type of platform can be accessed through Google Chrome, Firefox and Mozilla browser. You just need to log in your own trading account in the browser for appropriate and easy trading.
The trading platform has various features which are given below-
- Users can have a good quality of research and appropriate stock recommendations as well.
- Basic internet connectivity is required for trading.
Canmoney Mobile Trading App
The mobile application is a convenient way for trading shares, currencies and money. The company offers soothing mobile application platform for trading to all of its users. It gives good trading experience to the users.
Features associated with the mobile application are given below-
- Through this app, keeping the track record of trades and stocks is easy.
- Users can place a call directly to its manager for resolving any issue.
- It allows users to check for any type of reports related to trading such as- ledger, trade details, derivatives and more.
- It also allows checking for the details of the stock market including, a metal watch, index watch, news etc.
Canmoney Trading Terminal
Canmoney company is good at offering proper exe based trading terminal to all the clients. This can be downloaded or installed in the laptop, mobile and computer for smooth trading.
- Through this, you can easily transfer assets from various banks.
- You can also experience various exchange views in just one single screen.
- You can experience good trading performance and speed as well.
Canara Bank Customer Care
|Toll Free Number||No|
Canmoney provide good support to all of its customers. It offers convenient communication modes to the customers for resolving any type of issues or queries.
Customers usually have good support and care related to online trading and offline trading. The company offers email support facility for huge satisfaction and convenience.
It has around 762 branches which can provide assistance anytime to all of their existing customers.
Canara Bank Complaints and Feedback
Find the list of complaint against Canara Bank
|Lodged in BSE||0|
|Resolved in BSE||0|
|Lodged in NSE||0|
|Resolved in NSE||0|
As per the above table, the comprehensive stockbroking company has provided flexibility in products and services both.
They have asst people in providing better trading performance with each passing day. Its performance for last year is healthy and impressive.
Canara Bank Disadvantages
The Canmoney is the best and popular stockbroking house available in the country. So with advantages, it has a few disadvantages also-
- Provide moderate research quality.
- Its mobile application offers moderate trading performance to all its customers.
Canara Bank Conclusion
In present times, the Canmoney broking house has provided a huge range of trading services to all of its customers with minimal brokerage charges.
If you are in search of any broking house which will provide you with proper assistance regarding trading, opt Canmoney for huge satisfaction.
Open Demat Account with Canara Bank