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

Products & Services3.1/5
Brokerage Charges & Fees3.3/5
Stock Research & Advisory3.0/5
Trading Platforms3.2/5
Overall Ratings3.2/5
Star Ratings★★★☆☆
Total Client Reviews378


About Dalal Broacha

Company TypePrivate
Broker TypeFull Service Broker
HeadquartersMumbai, Maharashtra
FounderNailesh Dalal
Established Year1978

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 Trading0.25%
    Equity Intraday Trading0.02%
    Commodity Options Trading0.04%
    Equity Futures Trading0.02%
    Equity Options TradingRs.10 per Lot
    Currency Futures Trading0.03%
    Currency Options TradingRs.10 per Lot
    Minimum BrokeragePercentage of Transaction
    Demat AMC ChargesRs.399 per Annum
    Trading AMC ChargesFree
    Margin MoneyMinimum Rs.1,000
    Brokerage CalculatorDalal 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 Charges0.00250%
    STT0.0126% of Total Turnover
    SEBI Turnover Charges0.0002% of Total Turnover
    Stamp DutyDepends on State (very minimal)
    GST18% 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 SourceCDSL & NSDL
    Account Opening ChargesRs.250
    Demat AMC ChargesRs.399 per Annum
    Trading AMC ChargesFree
    Margin MoneyMinimum Rs.1,000
    Offline to OnlineYes

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

    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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    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 TradingYes
      Commodity TradingYes
      Currency TradingYes
      Mutual FundsNo

      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 ServicesYes
      Trading ServicesYes
      3 in 1 AccountNo
      Intraday ServicesYes
      IPO ServicesYes
      Stock RecommendationsNo
      Robo AdvisoryNo
      Trading InstitutionYes
      Trading ExposureUpto 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 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

      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 DeliveryUpto 2X
      Equity IntradayUpto 2X
      Equity FuturesUpto 4X
      Equity OptionsUpto 4X
      Currency FuturesUpto 1X
      Currency OptionsUpto 3X
      CommoditiesUpto 5X
      Margin CalculatorDalal 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 – 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

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

      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 BSE0
      Resolved in BSE0
      Lodged in NSE1
      Resolved in NSE1

      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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        1. Open Demat Account

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