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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 offer

Canara Bank Securities Ratings & Review by Top10StockBroker

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


About Canmoney

Company TypePublic
Broker TypeFull Service Broker
HeadquartersMumbai, Maharashtra
FounderP S Jayakumar
Established Year2009

Canara Bank 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-

    Canmoney Normal Plan
    Equity Delivery Trading0.35%
    Equity Intraday Trading0.04%
    Commodity Options Trading0.04%
    Equity Futures Trading0.04%
    Equity Options TradingRs.50 per Lot on single side
    Currency Futures Trading0.04%
    Currency Options TradingRs.50 per Lot on single side
    Minimum BrokeragePercentage of Transaction
    Demat AMC ChargesRs.500 per Annum
    Trading AMC ChargesFree
    Margin MoneyMinimum Rs.25,000
    Brokerage CalculatorCanmoney Brokerage Calculator

    The Canmoney broking house levy 0.35% equity delivery charges for the normal plan. Also charge 0.04% on equity intraday trading, commodity options trading, equity futures trading and currency futures trading.

    The company charge Rs.50 per lot on equity futures trading and 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.

    Canmoney Upfront Brokerage Option or UBO Plan

    UPFRONT BROKERAGE OPTION (UBO) Choice of 4 options
    Brokerage payable upfrontRs.299/-Rs.499/-Rs.999/-Rs.3999/-
    Transaction type:
    Non Delivery (Cash Seg.)0.04%0.03%0.03%0.02%
    Future carry forward positions0.07%0.06%0.05%0.04%
    VALIDITYQUARTERLY PLAN *(all prices are exclusive of gst)
    Brokerage payable- One TimeRs.500/-Rs.1000/-Rs.2000/-Rs.5000/-
    (No refundable)
    Transaction type:
    Non Delivery (Cash Seg.)0.04%0.03%0.03%0.02%
    Future carry forward positions0.07%0.06%0.05%0.04%
    OPTION TRADE (per lot/per leg)Rs. 25.00Rs. 20.00Rs. 15.00Rs. 10.00
    VALIDITYYEARLY PLAN *(all prices are exclusive of gst)
    Brokerage payable- One Time (No refundable)Rs.1800/-Rs.3500/-Rs.7500/-Rs.15000/-
    Transaction type:
    Non Delivery (Cash Seg.)0.04%0.03%0.03%0.02%
    Future carry forward positions0.07%0.06%0.05%0.04%
    OPTION TRADE (per lot/per leg)Rs. 25.00Rs. 20.00Rs. 15.00Rs. 10.00

    This brokerage plan is entirely customized and the charges are payable upfront here. You get to choose from three different periods, i.e. you can either go for the monthly plan, or the quarterly plan or the Yearly plan. Furthermore, there are four different levels you can choose from, i.e. standard, gold, silver and platinum.

    The table briefs on each of the aspect of the plan, and seamlessly check each and every charge accordingly. Charge from each and every segment is provided vividly for your consideration.

    Canmoney Turnover based Brokerage Plan

    Daily Turnover below Rs. 5.00 lacs0.25%
    Daily Turnover of above Rs. 5.00 lacs but less than Rs. 20.00 Lacs0.15%
    Daily Turnover of above Rs. 20.00 lacs but less than Rs. 50.00 Lacs0.10%
    Daily Turnover of Rs. 50.00 lacs and above0.07%

    For this plan, the brokerage is taken on a turnover based. There are different levels of turnover, and great the turnpver for a day, lesser shall be the brokerage taken.

    Highest of brokerage, i.e. 0.25% is taken on Daily Turnover below Rs. 5.00 lacs. Contrarily, the lower of brokerage, i.e. 0.07% is taken on Daily Turnover of Rs. 50.00 lacs and above.

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    Canara Bank Securities Charges

    Transaction Charges0.00325%
    STT0.0126% of Total Turnover
    SEBI Turnover Charges0.0002% of Total Turnover
    Stamp DutyDepends on State (very minimal)
    GST18% 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.

    Canmoney Other Charges

    • Demat – For the purpose of availing dematerialization service, you need to pay an amount of Rs.5 per certificate with a minimum of Rs.50 + Courier charges of Rs.25.
    • Remat – One of the two charge is taken for the purpose of availing rematerialization – Fee of Rs.25 for every 100 securities or part thereof subject to a maximum fee of Rs.7,50,000 OR A flat fee of Rs.25 per certificate whichever is higher + actual pocket expenses /courier charges.
    • Pledge – For pledge creation or closure, the charge is 0.04% of the Transaction value with a minimum of Rs.50.00 or Rs.10.00 per ISIN , whichever is higher + NSDL Charges at actuals. As for the invocation service, the charge is Rs.50.00 per transaction. Also, there are 50% concession charges if the pledge is marked in favour of Canara Bank.

    Canmoney Demat Account Opening Fees

    Depository SourceCDSL & NSDL
    Account Opening ChargesNIL
    Demat AMC ChargesRs.500 per Annum
    Trading AMC ChargesFree
    Margin MoneyMinimum Rs.25,000
    Offline to OnlineYes

    The user can easily open up their demat account with the Canmoney. Normally, the broking house charges nothing for opening a new demat account and opening up a trading account with the company is as well 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 AccountNo
    Free Trading AccountYes
    Discount on BrokerageNo
    Trading Happy HoursNo
    Flexible Brokerage PlansNo
    1 Month Brokerage FreeNo
    Holiday OffersYes
    Referral OffersNo
    Zero Brokerage for Loss Making TradesNo

    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.

    To know about offers of other stock brokers check below

    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

      Equity TradingYes
      Commodity TradingYes
      Currency TradingYes
      Mutual FundsNo

      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

      Demat ServicesYes
      Trading ServicesYes
      3 in 1 AcountNo
      Intraday ServicesYes
      IPO ServicesYes
      Stock RecommendationsYes
      Robo AdvisoryNo
      Trading InstitutionYes
      Trading ExposureUpto 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

      Fundamental ReportsYes
      Research ReportsYes
      Company ReportsYes
      Annual ReportsYes
      Company Stock ReviewYes
      Free Stock TipsYes
      IPO ReportsYes
      Top PicksYes
      Daily Market ReviewYes
      Monthly ReportsYes
      Weekly ReportsYes
      Offline AdvisoryYes
      Relationship ManagerYes

      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 DeliveryUpto 2X
      Equity IntradayUpto 6X
      Equity FuturesUpto 3X
      Equity OptionsUpto 5X
      Currency FuturesUpto 2X
      Currency OptionsUpto 2X
      CommoditiesUpto 2X
      Margin CalculatorCanmoney 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.

      Find Exposure or Margin of other Stock Brokers

      Canara Bank Securities Trading Platforms

      Here are the list of trading platforms provided by the broking house –

      Desktop Platform – WindowsYes
      Desktop Platform – MacNo
      Desktop Browser PlatformYes
      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 ReportsYes
      Easy InstallationYes
      Global IndicesYes
      Stock TipsYes
      Personalized AdvisoryNo
      Interactive ChartsYes
      Live MarketsYes
      SMS AlertsYes
      Email AlertsYes
      Multi Account ManagementNo

      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

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

      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 BSE0
      Resolved in BSE0
      Lodged in NSE0
      Resolved in NSE0

      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.

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