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

DBFS Securities or Doha Brokerage and Financial Services Ltd. Has been proclaimed to be the flagship company of the DBFS Group that also serves as the forefront of the group with regards to catering equity and derivative broking services throughout the nation.

This article here has been transcribed so as to act as a source of evaluation for the company’s products, services, brokerage and other relevant charges, customer acre support, exposure on trading certain asset classes, offers and of course, their respective trading platforms, that they have to offer to their respective clients.

In other words, this article will serve as a guide to all that you need to know before getting involved with DBFS Securities, either as a broker or as an investor.

Dbfs Securities offers


DBFS 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 Reviews155

 


About DBFS Securities

Company TypePublic
Broker TypeFull Service Broker
HeadquartersKochi, Kerala
FounderSreeja G S
Established Year1992

DBFS Securities

DBFS Securities was founded by their founder Sreeja G S in the year 1992 within the jurisdiction of Kochi, Kerala. The company has come a long way since their inception.

As a matter of fact, they have evolved into providing a diversified spectrum of financial and brokerage services through their network of more than two hundred branches spread throughout the country.

They are the licensed traders with the BSE and the NSE and have memberships with premium commodity based exchanges such as NCDEX, NMCE and MCX. Being a SEBI registered portfolio manager, they also claim to outperform the usual returns of the benchmark indices like NIFTY and SENSEX.


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DBFS Securities Brokerage Charges

Equity Delivery Trading0.33%
Equity Intraday Trading0.03%
Commodity Options Trading0.03%
Equity Futures Trading0.03%
Equity Options TradingRs.33 per Lot
Currency Futures Trading0.03%
Currency Options TradingRs.33 per Lot
Minimum BrokeragePercentage of Transaction
Demat AMC ChargesRs.333 per Annum
Trading AMC ChargesFree
Margin MoneyMinimum Rs.5,000
Brokerage CalculatorDbfs Securities Brokerage Calculator

The aforementioned table has been brought to your attention so as to inform you of all the different kind of brokerage charges DBFS Securities charge from their respective clients.

As you must be able to tell from the table, they strictly charge Rs.333 per annum against having a Demat Account with respect to annual maintenance charge, a sum of Rs.33 per lot as brokerage on Equity Options Trading, Rs.33 per lot as brokerage on Currency Options Trading.

Other than this, they also charge 0.03 % brokerage on Currency Futures Trading, 0.03 % brokerage on Equity Futures Trading, 0.03 % brokerage on Commodity Options Trading, 0.03 % brokerage on Equity Intraday Trading and 0.33 % brokerage on Equity Delivery Trading.

Furthermore, the company also requires their respective customers to maintain a minimum balance of Rs. 5,000 as Margin Money.


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DBFS Securities Other Charges

Transaction Charges0.00320%
STT0.0126% of Total Turnover
SEBI Turnover Charges0.0002% of Total Turnover
Stamp DutyDepends on State (very minimal)
GST18% of (Brokerage + Transaction Charges)

Like all the other financial services providers and fully integrated brokerage houses, DBFS Securities also levy a tax amount of 0.0126 % of the respective client’s total turnover in terms of Securities Transaction Tax.

Apart from this, they charge 0.00.32 % as Transaction Charges, 0.0002 % of the respective client’s total turnover as SEBI Turnover Charges and 18 % GST on the sum of the Transaction Charges plus Brokerage for the respective client.

Moreover, they also charge a certain amount as Stamp Duty that varies in accordance to the concerning states.


 

DBFS Securities Demat Account Opening Fees

Depository SourceCDSL & NSDL
Account Opening ChargesRs.230
Demat AMC ChargesRs.333 per Annum
Trading AMC ChargesFree
Margin MoneyMinimum Rs.5,000
Offline to OnlineYes

As must be clear to you in accordance to the chart that has been transcribed above, DBFS Securities allows anyone form across the country to join them as a trader or as an investor by merely paying a negligible charge of RS. 230.

Furthermore, they also charge a sum of Rs.333 every year from their respective clients with respect to AMC required for having a Demat Account and require their respective customers to start with a minimum balance of Rs.5,000 as Margin Money so as to be able to trade without any interference.

You can make all the transactions through either CDSL or NSDL.


DBFS Securities 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

DBFS Securities, seemingly are quite reluctant in giving out many offers related to trading to their respective customers.

As per the above mentioned table, they only give out certain offers in terms of Free Trading Account.


To know about offers of other stock brokers check below

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How to Open a Demat Account with DBFS Securities?

Opening up an account with DBFS Securities is actually a piece of cake. All you need to do is take care of the following steps as mentioned underneath:-

  1. Scroll down to the part that consists a green colored button with the label of ‘Open Demat Account’ on it and click it.
  2. As soon as the new form appears after clicking on the previously mentioned button, carefully read the entire form.
  3. Once you have read the entire form including every single word, sentence and paragraph, fill in all the required details with the correct information.
  4. Scan and upload the copy of your Adhar Card, PAN Card and a photograph to the website, thus concluding the KYC Verification procedure and verifying your age, address and identity respectively.
  5. As soon as you finish doing all of the steps as mentioned above, you will be contacted upon by one of the authorized representatives of the company in order to take care of the last few formalities before wrapping up the entire procedure.
  6. Once you complete all the steps that have been mentioned earlier in the exact same manner, you will be granted the complete access to your new Trading or Demat Account.

Why Open DBFS Securities Trading Account?

Well, if you are looking forward to making a lot of money through trading across multiple equity and derivative based asset classes, then you must have a Demat or a Trading Account, as per the rules of the Indian Government.

However, these are not the only reasons to consider before you can make up your mind to join DBFS Securities as an investor or a trader:-

  • They have a network of more than two hundred and eighty branches spread across India that can be accessed by their respective clients for receiving the trading and brokerage related help.
  • Their roster of services with regards to Research and Advisory is in fact, very attractive and consists of all the support you may imagine about.

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DBFS Securities Products & Services

The below table provides all the products & services provided by the broking house –

Products Offered by DBFS Securities

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

As have already been mentioned within the table of contents transcribed just above this segment, DBFS Securities have financial products with regards to Futures Trading, Commodity Trading, Currency Trading, Options Trading and Equity Trading, to offer to their respective clients.

Nevertheless, their list of financial products does not contain anything with regards to Banking, Systematic Investment Plans, Forex Trading, Mutual Fund or Insurances.

DBFS Securities Service Offerings

Demat ServicesYes
Trading ServicesYes
3 in 1 AccountNo
Intraday ServicesYes
IPO ServicesYes
Stock RecommendationsNo
Robo AdvisoryNo
PMSNo
Trading InstitutionYes
Trading ExposureUpto 6X

The table as mentioned above, describes in detail about all the services you can expect from DBFS Securities on the whole.

As must be clear to you by now, the brokerage house has to offer some exclusive services with regards to Trading Account, Demat Account, Intraday Services, Initial Public Offering Services and Trading Institution.

Furthermore, they provide an additional exposure of up to six time on trading.


 

DBFS Securities 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

DBFS Securities have a very promising list of services when it comes to Research and Advisory.

In fact, they provide everything that can be expected in terms of Research and Advisory from a fully integrated brokerage house including Relationship Manager, Offline Advisory, Weekly Reports, Top Picks, Daily Market Reviews, Monthly Reports, Initial Public Offering Reports & more.


DBFS Securities Exposure or Leverage

Equity DeliveryUpto 2X
Equity IntradayUpto 6X
Equity FuturesUpto 2X
Equity OptionsUpto 5X
Currency FuturesUpto 2X
Currency OptionsUpto 2X
CommoditiesUpto 2X
Margin CalculatorDbfs Securities Margin Calculator

As you can see, it has already been clearly described within the above mentioned table that DBFS Securities provide an additional trading leverage of upto 5X on Equity Options Trading and upto 6X on Equity Intraday Trading.

They also provide exposure of upto 2X the exposure on Currency Options Trading, Commodities Options Trading, Currency Futures Trading, Equity Delivery Trading & on Equity Futures Trading.


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DBFS Securities Trading Platforms

Desktop Platform – WindowsYes
Desktop Platform – MacNo
Desktop Browser PlatformYes
Mobile Site PlatformNo
Android App PlatformNo
iOS App PlatformNo
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

The broking house has three distinctive remote based trading platforms to offer to their respective traders and investors throughout the country:-

DBFS Securities Trading Terminal

DBFS Securities’ terminal based remote trading platform is known as Flip Ultimate.

The platform has been developed with advanced features like charting and is compatible to be used for trading across currency, derivatives, equity and commodity based assets.

It can also be used to exclusive access to debts, mutual funds and bonds’ investments.

DBFS Securities Web Trading Platform

Their web based platform is known as INET or Invest Net and consists of all the features of the terminal based platform.

DBFS Securities Mobile Trading App

The mobile based remote trading platform by DBFS Securities is known as iNet and can be found on Google’s Play Store. The app has over 10,000 downloads and an average rating of 3.5 stars.

It comes with the following features:-

  • The App can display multiple market watches simultaneously with real-time market update.
  • It has the ability to place order across all Cash and Derivative Based Exchanges
  • DBFS Trading App can grant easy and unhindered access to the respective user’s account.

DBFS Securities Customer Care

Dedicated DealerNo
Offline TradingYes
Online TradingYes
24*7 SupportNo
Support Number
Email SupportYes
Chat SupportNo
Toll Free NumberNo
Branches8

DBFS Securities has a total of 8 branches that distribute support related to Online Trading, Offline Trading and Email Support.


DBFS Securities Complaints and Feedback

Find the list of complaint against DBFS Securities

Lodged in BSE0
Resolved in BSE0
Lodged in NSE5
Resolved in NSE5

DBFS Securities received only five complaints against them last year within the NSE and was able to resolve it as well.


DBFS Securities Disadvantages

The various cons of the broking house are –

  • They have no toll free number for their existing or potential clients.
  • Their mobile trade platform does require some good updates.

DBFS Securities Conclusion

DBFS Securities is a great brokerage house to engage with, especially considering the Research and Advisory services they have to offer.


Open Demat Account with DBFS Securities

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