Comfort Securities Review, Brokerage Charges, Demat A/C, Platforms & more

Comfort Securities Limited or CSL was originally known as M/s Comfort Securities during the first few years of their inception.

The concerned company being a non-banking financial services provider and brokerage house registered with both BSE & NSE has been continually engaged in providing brokerage related services for trading across several major asset classes.

Today, we will try to evaluate the company on the basis of their products, services, offers, brokerage charges, other charges portrayed as taxes, leverage on certain asset classes and of course the remote trading platforms they have to offer to their respective clients.

Comfort Securities Ratings & Review by Top10StockBroker

About Comfort Securities

As you can see from the aforementioned table of content, the company was incorporated in Mumbai, Maharashtra in the year 1994 by their founder Mr. Ramesh Vinayak Vaze.

Ever since their inception, the company has evolved to become more than just one company providing certain financial services.

In fact, they are now recognized as a group of companies that strive together to provide an array of financial services across the BSE, NSE, MCX, NCDEX and MCX-SX with regards to Merchant Banking and Non-Banking Finance Activities, debt services, capital markets, equity, investment solution, equity and currency derivatives and depository services (through CDSL).

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Comfort Securities Brokerage Charges

Taking even a basic notice at the table as mentioned above this segment will give you the proper idea of all the brokerage charges that Comfort Securities extracts from their respective customers.

As you must be able to tell, they charge 0.0% brokerage charge on Currency Futures Trading, 0.33% brokerage charge on Equity Delivery Trading, 0.03% brokerage charge on Equity Futures Trading, Equity Intraday Trading & Commodity Options Trading.

The broker also provides Rs.20 per lot with regards to brokerage charge on Currency Options Trading and Rs.33 per lot as brokerage charge on Equity Options Trading.

They do not seek their respective clients to maintain any minimum Margin Money balance or pay any sort of AMC for having a Trading Account.

However, their customers having Demat Accounts are required to pay an annual maintenance charge of Rs.333.

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Comfort Securities Other Charges

Comfort Securities’ charges in terms of taxes have been drafted within the above mentioned table for you to understand.

If you take a look at the table, you will find that they charge 18 % of GST on the sum of total Brokerage and Transaction Charges, 0.0002 % of SEBI Turnover Charges on the total turnover value, 0.00333 % as Transaction Charges on the total individual turnover value and 0.0126 % as STT on the total individual turnover value.

Apart from these, the company also levies a certain amount from their respective customers in terms of Stamp Duty that is variable and depends up on the respective state norms

Comfort Securities Demat Account Opening Fees

Comfort Securities, being a fully integrated financial services providing brokerage firm welcomes all who are interested in working alongside the company or in availing their respective services.

In fact, people who want to be an investor or a trader with the company can register themselves by paying a nominal account opening fee of Rs.230 only and the client also have to pay the company an amount of Rs. 333 every year as AMC.

However, the brokerage firm does not seek any kind of AMC for Trading Accounts or requires their customers to maintain any sort of Margin Money Balance.

This must also be noted that all the aforementioned charges can be paid to the company through NSDL or CDSL.

Comfort Securities Offers

As you must be able to tell after observing the aforementioned chart, Comfort Securities has only three offers related to financial transactions for their respective customers which are Holiday Offers, the provision for opening up a Free Trading Account and offering Discount on Brokerage Value.

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How to Open a Demat Account with Comfort Securities?

If you are interested in registering yourself as an investor or a trader with Comfort Securities, then you have come to the right place. All you have to do is follow the following steps:-

1. A button reading ‘Open Demat Account’ in green color appears just beneath this section. Click on it.
2. Go through the form that pops up after you clink on the aforementioned button.
3. Fill up the entire form with right details.
4. Submit the form and proceed for the KYC procedure.
5. You must have a copy of your Adhar Card, PAN Card and a photograph to upload and verify your age, address and identity respectively.
6. Once you finish up doing all the above steps, you will get a call from one of Comfort Securities’ authorized representatives for the sake of completing the final set of verifications.
7. Once all the above steps have been taken care of flawlessly, you will be granted the access to your new (Trading or Demat) account within a few hours.

Why Open Comfort Securities Trading Account?

If you reside in India and are interested in trading across any equity or derivatives based stock through the Indian stock trading markets, then you must have a Demat or a Trading Account as the government of India’s rules.

However, there are a few more things that may stir up your interest for joining the brokerage house:-

• They have more than two hundred and eighty branches to provide you with the right amount of support throughout the nation.
• They do not require their respective customers to maintain any sort of minimum Margin Moey balance in order to provide hassle free trading experience.

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Comfort Securities Products & Services

Here are the list of Products & Services provided by Comfort Securities –

Products Offered by Comfort Securities

The aforementioned table has been presented to you so as to grant you with the right set of information regarding the products being offered by Comfort Securities as a full service brokerage house.

As you must be able to tell, they have products related to SIP’s, Futures Trading, Currency Trading, Commodities Trading, Mutual Funds, Options Trading and Equity Trading.

Comfort Securities Service Offerings

As per the above mentioned table, Comfort Securities does extend an array of certain services in order to help their respective customers get better and hassle free trading experience.

Typically speaking, they have financial services for their customers in terms of Stock Recommendations, Intraday Services, Demat Services and Trading Services all with up to five times trading exposure.

Comfort Securities Research, Advisory and Stock Tips

As you will be able to tell from the aforementioned table of contents, Comfort Securities exclusively provides Research and Advisory related to Free Stock Tips, Relationship Manager, Top Picks, Offline Advisory, Monthly Reports, Weekly Reports, Daily Market Review and Free Stock Tips.

Comfort Securities Exposure or Leverage

The aforementioned table of content has simply been drafted so as to give you a proper hint about Comfort Securities’ provision for offering a certain exposure on respective asset classes.

As you can see from the above table, they typically provide an added exposure of up to 3X on Currency Options Trading, up to 2X on Currency futures Trading, up to 3X on Equity Options Trading.

Apart from this they also provide limit up to 2X on Equity Futures Trading, up to 5X on Equity Intraday Trading and up to 2X on Equity Delivery Trading.

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Comfort Securities Trading Platforms

Various trading platforms of the broking house are listed below –

Comfort Securities Web Trading Platform

Comfort Securities has a web based trading platform based on NSE’s NEST that has the following features:-

• Executes real time data.
• You can add many watch lists with the option of adding multiple trading items to the same list.
• Performs various technical and basic analyses.
• Show the the details of the placed orders for buying as well as selling.
• Summon ‘Net Positions’ window for a complete snapshot of respective user’s position across different indices and exchanges

Comfort Securities Trading Terminal

The broking house do provide trading terminal to their client who wants to use the same. Here are some of its features –

• Easy to use & install
• Fast access to all stocks via very strong search feature
• Provides access to Global indices
• You can trade on all asset classes with a single click

Comfort Securities Mobile Trading App

The broking house currently doesn’t provide Mobile App to their clients. But they are coming up soon with the same.

Comfort Securities Customer Care

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

Comfort has a network of 13 branches throughout the nation and provide support related to Offline Trading, Online Trading and Email.

Comfort Securities Complaints and Feedback

Find the list of complaint against Comfort Securities

As per the above chart, comfort got 0 complaints last year in the BSE and only 8 in the NSE all of which were resolved, thus making the percentage for the total complaints against the active clients to 0.72.

Comfort Securities Disadvantages:

Various disadvantages of the broking house are –

1. They do not provide any chat support facility.
2. Research and Advisory can be improved.

Comfort Securities Conclusion

Comfort Securities is good to be joined for the new people getting interested in trading and broking. However, they re definitely not great for the experts.

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