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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 Customer Ratings & Review

Experience2.9/5
Products & Services3.4/5
Brokerage Charges & Fees3.1/5
Stock Research & Advisory3.3/5
Trading Platforms2.9/5
Overall Ratings3.2/5
Star Ratings★★★☆☆
Total Client Reviews156

 


About Consortium Securities

Company TypePrivate
Broker TypeFull Service Broker
HeadquartersNew Delhi, Delhi
FounderP. S. Kalra
Established Year1992

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 Trading0.50%
    Equity Intraday Trading0.05%
    Commodity Options Trading0.05%
    Equity Futures Trading0.05%
    Equity Options TradingRs.50 per Lot
    Currency Futures Trading0.05%
    Currency Options TradingRs.25 per Lot
    Minimum BrokeragePercentage of Transaction
    Demat AMC ChargesRs.200 per Annum
    Trading AMC ChargesRs.200 per Annum
    Margin MoneyMinimum Rs.1,000
    Brokerage CalculatorConsortium 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 Charges0.00300%
    STT0.0126% of Total Turnover
    SEBI Turnover Charges0.0002% of Total Turnover
    Stamp DutyDepends on State (very minimal)
    GST18% 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 SourceCDSL & NSDL
    Account Opening ChargesZero
    Demat AMC ChargesRs.200 per Annum
    Trading AMC ChargesRs.200 per Annum
    Margin MoneyMinimum Rs.1,000
    Offline to OnlineYes

    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 AccountNo
    Free Trading AccountNo
    Discount on BrokerageNo
    Trading Happy HoursNo
    Flexible Brokerage PlansNo
    1 Month Brokerage FreeNo
    Holiday OffersYes
    Referral OffersNo
    Zero Brokerage for Loss Making TradesNo

    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 TradingYes
      Commodity TradingYes
      Currency TradingYes
      OptionsYes
      FuturesYes
      Mutual FundsNo
      ForexNo
      BankingNo
      SIPNo
      InsuranceNo

      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 ServicesYes
      Trading ServicesYes
      3 in 1 AccountNo
      Intraday ServicesYes
      IPO ServicesYes
      Stock RecommendationsYes
      Robo AdvisoryNo
      PMSNo
      Trading InstitutionNo
      Trading ExposureUpto 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 ReportsNo
      Research ReportsNo
      Company ReportsNo
      Annual ReportsNo
      Company Stock ReviewNo
      Free Stock TipsYes
      IPO ReportsYes
      Top PicksYes
      Daily Market ReviewYes
      Monthly ReportsYes
      Weekly ReportsYes
      Offline AdvisoryYes
      Relationship ManagerYes

      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 DeliveryUpto 2X
      Equity IntradayUpto 6X
      Equity FuturesUpto 2X
      Equity OptionsUpto 4X
      Currency FuturesUpto 4X
      Currency OptionsUpto 3X
      CommoditiesUpto 2X
      Margin CalculatorConsortium 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 – 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 ReportsNo
      Easy InstallationYes
      Global IndicesYes
      Stock TipsYes
      Personalized AdvisoryNo
      Interactive ChartsYes
      Live MarketsYes
      SMS AlertsYes
      Email AlertsYes
      Multi Account ManagementNo

      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 DealerNo
      Offline TradingYes
      Online TradingYes
      24*7 SupportNo
      Support Number
      Email SupportYes
      Chat SupportNo
      Toll Free NumberNo
      Branches5

      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 BSE0
      Resolved in BSE0
      Lodged in NSE1
      Resolved in NSE1

      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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