Dalal Broacha Review, Brokerage Charges, Demat A/C, Platforms & more

Dalal & Broacha is definitely one of the oldest brokerage houses that are still functioning throughout the country.

As a matter of fact, they claim to have preserved their core values over the last five decades thereby following a consistent and sustainable path of growth and creating value for their customers while also elevating their market presence.

Well, our article today will test exactly that while basing our primary focus on the company’s products, services, customer care support, brokerage charges, levied taxes, leverage trading exposure and most importantly, all the remote trading platforms they have to offer to their clients.

Dalal Broacha offers


Dalal Broacha Customer Ratings & Review

Experience 3.4/5
Products & Services 3.1/5
Brokerage Charges & Fees 3.3/5
Stock Research & Advisory 3.0/5
Trading Platforms 3.2/5
Overall Ratings 3.2/5
Star Ratings ★★★☆☆
Total Client Reviews 378

 


About Dalal Broacha

Company Type Private
Broker Type Full Service Broker
Headquarters Mumbai, Maharashtra
Founder Nailesh Dalal
Established Year 1978

Dalal Broacha

Dalal & Broacha emerged as a fully integrated financial service provider and brokerage house in the year 1961 after their incorporation in Mumbai, Maharashtra by Mr. Nailseh Dalal.

The company has metamorphosed into providing various equity and derivative trading services throughout the country ever since.

As a matter of fact, being a member of the NSE and BSE’s F&O and Cash segments, they currently claim to cater over twenty thousand clients including, NRI’s, retail customers, banks and corporates. They even are a depository partner with the CDSL.


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Dalal Broacha Brokerage Charges

Equity Delivery Trading 0.25%
Equity Intraday Trading 0.02%
Commodity Options Trading 0.04%
Equity Futures Trading 0.02%
Equity Options Trading Rs.10 per Lot
Currency Futures Trading 0.03%
Currency Options Trading Rs.10 per Lot
Minimum Brokerage Percentage of Transaction
Demat AMC Charges Rs.399 per Annum
Trading AMC Charges Free
Margin Money Minimum Rs.1,000
Brokerage Calculator Dalal Broacha Brokerage Calculator

Now, if you take a serious look into the aforementioned chart of contents, you will notice that the brokerage firm strictly charges 0.03 % brokerage for Currency Futures Trading, 0.25 % brokerage for Equity Delivery Trading, 0.04 % for Commodity Options Trading.

Apart from this they also charges 0.02 % brokerage for Equity Intraday Trading and Equity Futures Trading, Rs. 10 per lot brokerage for Currency Options Trading, Rs. 10 pet lot for Equity Options Trading.

The broking house also levies Rs. 399 every year as AMC of Demat Account. They also have made it mandatory for their respective clients to maintain a minimum balance of Rs.1,000 for Margin Money.


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Dalal Broacha Other Charges

Transaction Charges 0.00250%
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 you can see from the table above, the brokerage house levies a tax of 0.00250 % in terms of Transaction Charges, 0.0126 % on Total Turnover in terms of Securities Transaction Tax.

The also levy 0.0002 % on total turnover in terms of SEBI Turnover Charges, 18 % GST and a variable amount for Stamp Duty with respect to the concerning state laws


Dalal Broacha Demat Account Opening Fees

Depository Source CDSL & NSDL
Account Opening Charges Rs.250
Demat AMC Charges Rs.399 per Annum
Trading AMC Charges Free
Margin Money Minimum Rs.1,000
Offline to Online Yes

Dalal & Broacha, as you can conclude from the above table, allows anyone willing to join them with the intention of becoming a trader or an investor by merely paying a nominal Account Opening Fee of Rs. 250.

Other than that, the company also seeks a charge of Rs. 399 per annum with regards to AMC for having a Demat Account and a minimum Margin Money value of Rs. 1,000 from their respective customers.


Dalal Broacha 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
Holiday Offers No
Referral Offers No
Zero Brokerage for Loss Making Trades No

As you must have already noticed from the table of contents as mentioned above this segment that Dalal & Broacha are not very considerate when it comes to extending exclusive offers on the financial products or services they offer.

As a matter of fact, they only offer a Free Trading Account to their respective clients.


To know about offers of other stock brokers check below

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A G Shares Securities Anugrah Stock Ashlar Securities Bhumika Consultancy
Aasmaa Securities Anvil Share Stock Broking B N Rathi Securities BP Equities

How to Open a Demat Account with Dalal Broacha?

Dalal & Broacha, (although not amongst the big league of brokerage houses) have made quite a name for themselves within the Indian trade industry.

And if this has compelled you somehow to want to become a part of this company then here is what you need to do:-

  1. Scroll down a little and click on the green colored button ‘Open Demat Account’ you can find under this specific segment.
  2. Go through all the words, spaces, lines, phrases and the entire paragraphs mentioned in the form that pops up carefully.
  3. Fill in all the mandatory details mentioned within the form with correct information.
  4. Upload a copy of your Adhar Card, PAN Card and a photograph to the website and conclude the KYC Verification procedure, thus verifying your age, address and identity respectively.
  5. Once you get done with this, you may expect to receive a call from one of the authorized representatives of the financial firm who will help you take care of the last formalities.
  6. In a matter of a few hours after you complete all the aforementioned steps, you will be granted unhindered access to your new account.

Why Open Dalal Broacha Trading Account?

Honestly, you do not have much of a choice other than to have a Trading or at least a Demat Account in order to be able to trade within the Indian Stock Trading Industry, in accordance to the rules of the country.

However, this is not the only reason why you must consider joining in the company with immediate effect. In fact there are a few more:-

  • They are amongst one of the oldest brokerage houses with more than two decades of experience.
  • They have fur hundred and eighty branches located across different locations throughout the nation to help their respective customers with all sorts of stock trading support.

Get a Call back from Dalal Broacha

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  1. Open Demat Account

Dalal Broacha Products & Services

Here are the various products & services provides by the broking house –

Products Offered by Dalal Broacha

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 must have already understood by now after looking at the above table that Dalal & Broacha have some exclusive products with respect to Options Trading, Futures Trading, Currency Trading, Commodity Trading and Equity Trading.

Nonetheless, they have no products at all with respect to Insurances, Mutual Funds, Systematic Investment Plans, Forex Trading to Banking.

Dalal Broacha Service Offerings

Demat Services Yes
Trading Services Yes
3 in 1 Account No
Intraday Services Yes
IPO Services Yes
Stock Recommendations No
Robo Advisory No
PMS No
Trading Institution Yes
Trading Exposure Upto 2X

The aforementioned table has ben drafted to notify you in details about all the financial services you may expect from this old brokerage house.

As you can easily spot, they extend active services with regards to Trading Institution, Initial Public Offerings Services, Intraday Services, Demat Services and Trading Services. Moreover, they also provide a leverage on trading exposure of up to five times on certain asset classes.


 

Dalal Broacha Research, Advisory and Stock Tips

Fundamental Reports Yes
Research Reports Yes
Company Reports Yes
Annual Reports Yes
Company Stock Review Yes
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

Now, this is the interesting part. If you take even a short glimpse at the table of contents as presented above, you will get to notice that there is absolutely no financial service related to equity and derivative based trading that Dalal & Broacha does not provide.

In fact, they provide exclusive services with regards to Offline Advisory, Relationship Manager, Weekly Reports, Monthly Reports, Top Picks, Daily Market Reviews, Free Stock Tips, IPO Reports, Annual Reports, Company Stock Overview, Company Reports, Research Reports and Fundamental Reports.


Dalal Broacha Exposure or Leverage

Equity Delivery Upto 2X
Equity Intraday Upto 2X
Equity Futures Upto 4X
Equity Options Upto 4X
Currency Futures Upto 1X
Currency Options Upto 3X
Commodities Upto 5X
Margin Calculator Dalal Broacha Margin Calculator

The old and reputed brokerage house gives their respective customers an added exposure up to four times on Equity Options Trading, up to one time on Currency Futures Trading.

They also provide up to 5X on Commodities Trading, up to 3X on Currency Options Trading, up to 4X on Equity Futures Trading, of up to 2X on Equity Delivery Trading and of up to 2X on Equity Intraday Trading.


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Dalal Broacha 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 Yes
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

Dalal & Broacha, a fully integrated financial service providers have two main remote trading platforms for their respective clients:-

Dalal & Broacha Web Based Platform

Their web based platform is based on the NSE NOW software that has been integrated with the following features:-

  • Platform has the ability to execute activities like charting, analyses and trading with super high speeds even at low band width data connections.
  • The ability to allow the respective users to customize market related alerts and notifications in accordance to their own requirements.
  • Web trading platform has ability to enable the users to keep track of multiple stocks across several exchanges and indices simultaneously.
  • The ability to commence highly secured transaction of data and finances.

Dalal & Broacha Terminal Terminal

Their terminal based platform is based on NSE NEST that comes loaded with the following features:-

  • The ability to grant the respective users with the power to add various watch lists, each with a number of scrips so as to keep track of multiple metrics for better analytical possibilities.
  • The ability to display in depth summary of all the orders concerning to a respective user in relation to both buying and trading of stocks.

Dalal & Broacha Mobile Trading App

The broking house doesn’t provide any trading app as of now.


Dalal Broacha 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 480

Dalal & Broacha has an active network of four hundred and eighty branches spread across the nation that give out services in terms of Offline Trading, Online Trading and Email Support.


Dalal Broacha Complaints and Feedback

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

Dalal & Broacha did a commendable effort to satisfy their respective clients to such an extent that they received only one complaint against themselves in the NSE last year, which was also resolved with immediacy.


Dalal Broacha Disadvantages:

The various cons of the company are –

  • They do not have a lot of offers to give out to their respective clients.
  • They do not have a Toll Free Number for their clients to contact them through.

Dalal Broacha Conclusion

Dalal & Broacha 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 Dalal Broacha

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