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Consortium Securities Limited is another of the fully functional financial providers cum brokerage houses in India that provide exclusive services with regards to equity and derivative based trading to a substantially diversified client base across the country.

This particular article here has been drafted with an objective to help you out with the proper understanding of the company’s products, services, offers, brokerage charges, imposed taxes, provision for leverage on certain asset classes and of course the remote trading platforms they have to offer.

In short, we will review them and help you determine if they are worth joining.

Consortium Securities offers


Consortium Securities Ratings & Review by Top10StockBroker

Experience 2.9/5
Products & Services 3.4/5
Brokerage Charges & Fees 3.1/5
Stock Research & Advisory 3.3/5
Trading Platforms 2.9/5
Overall Ratings 3.2/5
Star Ratings ★★★☆☆

 


About Consortium Securities

Company Type Private
Broker Type Full Service Broker
Headquarters New Delhi, Delhi
Founder P. S. Kalra
Established Year 1992

Consortium Securities

As you should be able to establish with the help of the aforementioned chart of contents, Consortium Securities is a fully integrated financial services provider as well as a brokerage house established by Mr. P.S. Kalra in the year 1992 and incorporated within the judicial premises of New Delhi, India.

Ever since their inception, the company has been striving to provide financial services across equity and derivative based trading to a hugely diversified client base including retail customers, high net worth individuals, corporate houses as well as trading institutions.

As a matter of fact, they have continually been a registered part of the NSE, NSE Currency, NCDEX, BSE, MCX and MSX-SX. Furthermore, they are also a depository participant with the NSDL.


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    Consortium Securities Brokerage Charges

    Equity Delivery Trading 0.50%
    Equity Intraday Trading 0.05%
    Commodity Options Trading 0.05%
    Equity Futures Trading 0.05%
    Equity Options Trading Rs.50 per Lot
    Currency Futures Trading 0.05%
    Currency Options Trading Rs.25 per Lot
    Minimum Brokerage Percentage of Transaction
    Demat AMC Charges Rs.200 per Annum
    Trading AMC Charges Rs.200 per Annum
    Margin Money Minimum Rs.1,000
    Brokerage Calculator Consortium Securities Brokerage Calculator

    You can establish the proper idea about all the brokerage charges as imposed by Consortium Securities by simply looking at the aforementioned table.

    As you must be able to see, they typically charge their respective clients a sum of 0.05% brokerage fee with regards to Currency Futures Trading, Rs.25 per lot brokerage for Currency Options Trading, 0.5% brokerage fee for Equity Delivery Trading, 0.05 % brokerage for Commodity Options Trading.

    Apart from this, they also charge 0,05 % brokerage for Equity Intraday Trading & Equity Futures Trading, Rs. 50 per lot for Equity Options Trading, Rs.200 per annum as annual maintenance charge for Demat Account, Rs.200 per annum as AMC for Trading Account and Rs.1,000 as minimum Margin Money Balance.


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    Consortium Securities Other Charges

    Transaction Charges 0.00300%
    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)

    Like other brokerage houses in India, Consortium Securities also charge a certain amount of tax from all of their clients including a charge of 18% as GST on the sum of the Total Brokerage Amount and Transaction Charge, 0.0002% SEBI Turnover Charge on the Total Turnover Value of the respective individual.

    They also charge 0.0126 % STT on the Total Turnover Value of the respective individual, 0,003 % as Transactions Charges and a certain variable amount as per the state laws with regards to Stamp Duty.


     

    Consortium Securities Demat Account Opening Fees

    Depository Source CDSL & NSDL
    Account Opening Charges Zero
    Demat AMC Charges Rs.200 per Annum
    Trading AMC Charges Rs.200 per Annum
    Margin Money Minimum Rs.1,000
    Offline to Online Yes

    As per the above mentioned table, Consortium Securities has a provision to enable anyone from across the country to join them as a trader or as an investor without even having to pay anything.

    However, the company does seek their respective users to pay a sum of Rs.200 per annum with regards to the annual maintenance charges for having a Demat or a Trading Account with the company.

    Furthermore, they also require their respective clients to have a minimum Margin Money balance of Rs.1,000 for hassle free trading experience.

    All the aforementioned transactions can be processed through both CDSL and NSDL.


    Consortium Securities Offers

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

    Well, it will not be hard for you to understand the fact that Consortium Securities does not lay out a lot of offers even for their existing clients after looking at the above mentioned table of content.

    In fact, they only have offers related to Holiday Offers and nothing else.


    To know about offers of other stock brokers check below

    How to Open a Demat Account with Consortium Securities?

    Joining in Consortium Securities as a trader or as an investor is a rather easy task for anyone to carry out for anyone.

    All you need to do is follow the underneath mentioned steps in the exact same manner as they have been drafted:-

    1. Click on the button in green that reads ‘Open Demat Account’ and appears just under this specific segment.
    2. Read carefully through the entire form that will pop up as soon as you will click on the aforementioned green button.
    3. Fill up all the mandatory spaces mentioned within the form with the accurate information and proceed to the next step.
    4. Submit a copy of your Adhar Card, PAN Card and a photograph so as to complete the KYC Verification procedure by verifying your age, address and identity respectively.
    5. You will receive a call from any one of the authorized representatives of Consortium Securities on behalf of the company soon after you have completed all the steps as mentioned before.
    6. You may expect to take charge of your new (Trading or Demat) Account as soon as all the steps as mentioned before this point have been taken care of, all in a manner of a few hours.

    Why Open Consortium Securities Trading Account?

    Well, to be honest, you do not have much of a choice other than owing a Demat of a Trading Account, if you are looking forward to engage with any sort of equity or derivative based trading or investing practice within the Indian Trade Industry as per the norms established by the Government of India.

    However, you must also acknowledge the following reasons for joining Consortium Securities:-

    • They have an experience of serving a largely diversified customer base for more than two decades in a row.
    • They have established a truly humongous network of more than nine hundred branches across the country to help you out with all your financial trading and investing related issues and requirements.

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      Consortium Securities Products & Services

      The various products & services provided by the broking company are –

      Products Offered by Consortium Securities

      Equity Trading Yes
      Commodity Trading Yes
      Currency Trading Yes
      Options Yes
      Futures Yes
      Mutual Funds No
      Forex No
      Banking No
      SIP No
      Insurance No

      As you can establish by observing the aforementioned table of contents, Consortium Securities have some exclusive financial products to offer to their respective customers including Options Trading, Futures Trading, Equity Trading, Currency Trading and Commodity Trading.

      However, they have nothing to offer with regards to Systematic Investment Plans, Insurances, Banking, Forex Trading or Mutual Funds.

      Consortium Securities Service Offerings

      Demat Services Yes
      Trading Services Yes
      3 in 1 Account No
      Intraday Services Yes
      IPO Services Yes
      Stock Recommendations Yes
      Robo Advisory No
      PMS No
      Trading Institution No
      Trading Exposure Upto 6X

      The aforementioned table has been drafted to guide you with the list of all the services that Consortium Securities has to offer to their respective customers.

      As you must already be able to establish, they extend services with regards to Trading Services, Stock Recommendations, Initial Public Offerings Services, Intraday Services and Demat Services.

      Furthermore, they also ensure to provide their respective customers with up to six times the average trading exposure.


       

      Consortium Securities 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 Yes
      Top Picks Yes
      Daily Market Review Yes
      Monthly Reports Yes
      Weekly Reports Yes
      Offline Advisory Yes
      Relationship Manager Yes

      Just consider looking at the aforementioned table of contents and you will be easily able to conclude that Consortium Securities, being the fully integrated financial brokerage firm have some exclusive Research and Advisory related services to grant to their respective customers.

      The broking house provides Offline Advisory, Free Stock Tips, Monthly Reports, Weekly Reports, Relationship Manager, Daily Market Reviews, Initial Public Offering Reports and Top Picks.


      Consortium Securities Exposure or Leverage

      Equity Delivery Upto 2X
      Equity Intraday Upto 6X
      Equity Futures Upto 2X
      Equity Options Upto 4X
      Currency Futures Upto 4X
      Currency Options Upto 3X
      Commodities Upto 2X
      Margin Calculator Consortium Securities Margin Calculator

      A few minutes of careful observation at the table of contents presented to you right above this specific segment will give you a detailed understanding of the kind of exposure you may expect from Consortium Securities.

      They typically grant a trading exposure of up to 2X with regards to Commodities Trading, Equity Futures Trading & Equity Delivery Trading.

      The also provide leverage up to 6X for Equity Intraday Trading, up to 3X for Currency Options Trading, up to 4X for Equity Options Trading and Currency Options Trading.


      Find Exposure or Margin of other Stock Brokers


      Consortium Securities Trading Platforms

      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
      Portfolio Details Yes
      Online MF Buy No
      News Flash Yes
      Research Reports No
      Easy Installation Yes
      Global Indices Yes
      Stock Tips Yes
      Personalized Advisory No
      Interactive Charts Yes
      Live Markets Yes
      SMS Alerts Yes
      Email Alerts Yes
      Multi Account Management No

      Consortium Securities primarily offer two remote trading platforms to their respective clients:-

      Consortium Securities Web Based Platform

      This is a software based of the NSE NOW and has the following features:-

      • High speed execution of charting, analyses as well as trading based activities.
      • Customizable alerts and notifications for specific and generic market updates.
      • Ability to monitor specific market related stocks across multiple exchanges and indices as per the respective user.
      • Highly secured integrated risk management system to ensure safety of data and financial transactions.

      Consortium Securities Terminal Terminal

      This is a software based on NSE NEST and has been integrated with the following features:-

      • Ability to add multiple watch lists along with a number of scrips to keep track of various metrics for analyses.
      • Ability to showcase detailed summary of all the previously placed orders for both buying and trading of stocks, and more.

      Consortium Securities Mobile Trading App

      The broking house doesn’t provide trading app yet.


      Consortium Securities 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 5

      Consortium Securities provides support with regards to Email Support, Offline Trading and Online Trading through a network of their widely established nine hundred and twenty branches across the country.


      Consortium Securities Complaints and Feedback

      Lodged in BSE 0
      Resolved in BSE 0
      Lodged in NSE 1
      Resolved in NSE 1

      The company received only one complaint in the NSE last year and has been able to resolve that as well.


      Consortium Securities Disadvantages

      The various disadvantages are –

      • They charge AMC for having any of the Trading or Demat Account with them.
      • They do not provide any platform for Mac based platforms.

      Consortium Securities Conclusion

      Consortium Securities is a great brokerage a house for both beginners as well as expert traders or investors with only a few shortcomings.


      Open Demat Account with Consortium Securities

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