Eureka Securities Review, Brokerage Charges, Demat A/C & more
Last Updated Date: Dec 01, 2022Eureka Securities is a well-known financial service providing company available in India. In this article, we will have a detailed discussion about Eureka Securities reviews, demat account, brokerage charges, trading platforms, research & advisory, customer support, advantages, disadvantages and many other features as well.
The broking house offers wide-ranging investment products and services in order to help investors easily meet their financial targets.
Till date, It has offered financial services to Banks, Corporate Houses, Retail Investors, NRIs, HNIs, Financial Institutions.
Thousands of clients or investors are trusting on the broking house since years and their huge trust is helping the company to achieve the extraordinary.
Eureka Securities Ratings by Top10StockBroker
Customer Ratings | |
Experience | 6.2/10 |
Products & Services | 6.4/10 |
Brokerage Charges & Fees | 6.3/10 |
Stock Research & Advisory | 6.1/10 |
Trading Platforms | 6.0/10 |
Overall Ratings | 6.3/10 |
Star Ratings | ★★★☆☆ |
Overview of Eureka Securities
Overview | |
Company Type | Public |
Broker Type | Full Service Broker |
Headquarters | Kolkata, West Bengal |
Founder | Ramesh Kumar Somani |
Established Year | 1992 |
Eureka Securities is the widely-known stockbroking company located in India. The broking house believes in encouraging investment culture.
Since it’s establishment in 1992, the company is lead through its vision in order to provide the resources to wealth creation by ongoing innovation through a behavioral and conceptual team of individuals.
Beginning with a small-scale business comprising of a few employees, the broking house now has a team of more than 130 employees, providing wide-ranging investment solutions to 70,000+ satisfied investors across the nation.
It is a private full-stock broking company located in Kolkata, West Bengal since 1992. The company was basically founded by Ramesh Kumar Somani.
The stockbroking house believes that the real drivers are its customers who have opted them for reaching financial goals with flexibility and ease.
Eureka is basically a complete wealth creation partner which provide convenient and satisfactory financial services. The company has attempted to build a financial institution where clients or investors can only get multiple financial privileges.
The phenomenal advantages of the broking house include:
- One stop destination for having financial services.
- National network.
- Robust Credibility.
- Offer online software for updating clients.
- Strong support team with a verified track record.
- Broad and deep understanding of the stock markets.
The Eureka stockbroking firm also has multiple franchises and sub-brokers who look after around a thousand terminals all over the nation and also assuring them with a wider stock market support and exposure as well.
Moreover, Eureka Securities has received various achievements for outstanding performance from NSDL, HDFC Deposits, ICICI Prudential, SBI etc. Its major goals are to gain the trust of the customers by providing flexible and satisfactory financial services to them.
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Eureka Securities Brokerage Charges & Fees
Eureka Securities is considered as the renowned stockbroking company provide financial services all around the nation. The list of brokerage charges is given below in table chart.
Brokerage Charge & Fees | |
0.30% | |
Equity Intraday | 0.03% |
Equity Futures | 0.03% |
Equity Options | Intraday: Rs 20 per lot | Carry Forward: Rs 20 per lot |
Currency Futures | 0.03% |
Currency Options | Intraday: Rs 20 per lot | Carry Forward: Rs 20 per lot |
Commodity | 0.03% / Rs 30 per lot |
Minimum Brokerage | NA |
Demat AMC Charges | Rs 330 |
Trading AMC Charges | Zero |
Margin Money | Rs.15,000 Minimum |
Brokerage Calculator | Eureka Securities Brokerage Calculator |
The broking house usually tailor-made brokerage fees on the basis of the transaction amount.
The company charges 0.30% for equity delivery trading, 0.03% for equity intraday trading, commodity options trading, currency futures trading and equity futures trading.
They do charge Rs. 20 per lot for equity options trading and Rs.20 per lot for currency options trading respectively.
The broking house does not charge fees for trading account maintenance and demat account maintenance. They only charge a minimum of Rs. 15000 as margin money.
Eureka Securities Other Charges
Along with brokerage charges, the stockbroking house charges some other type of fees from the investors or customers. The list of other charges is given below with details.
Other Charges | |
SEBI Turnover Charges | 0.00005% (₹5/Crore) |
STT | Equity Delivery: 0.1% on both Buy and Sell Equity Intraday: 0.025% on the Sell Side Equity Futures: 0.01% on Sell Side Equity Options: 0.05% on Sell Side(on Premium) Commodity Futures: 0.01% on sell side (Non-Agri) Commodity Options: 0.05% on sell side Currency F&O: No STT On Exercise transaction: 0.125% Right to entitlement: 0.05% on sell side |
Stamp Duty | (On buy side only) Delivery: 0.015%, Intraday: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%.Commodity Futures: 0.002%, Commodity Options: 0.003% (MCX) |
GST | 18% on (Brokerage + Transaction Charge + SEBI Fee) |
Margin Funding Charges | NA |
Reactivation Charges | Rs 20 per instruction |
Account Closure Charges | Rs 30 per instruction |
Dematerialisation Charges | Rs 10 per certificate + Rs 50 per request |
Pledge Creation | Rs 20 + Rs 12 per request (CDSL Charges) |
Pledge Invocation | Rs 20 |
Margin Pledge/Unpledge/ Pledge closure | Rs 20 + Rs 12 per request (CDSL Charges) |
Margin Repledge | Rs 32 per ISIN |
The company charges 0.00300% of total turnover as transaction charges, 0.0126% of total turnover as STT charges, 0.00005% of total turnover as SEBI turnover charges, stamp duty charges has a dependency on the state and GST charges are 18% of ( brokerage + transaction ) charges.
Normally, the broking house charges all these charges according to the stock market valuation. So, these charges do not affect the investment portfolio, returns and profits as well.
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Eureka Securities Demat Services
The company do provide offline to online trading options to all of its customers for ease and satisfaction.
It is actually the best option to invest in Eureka Securities because it’s brokerage charges and product offering are very reliable and satisfactory.
Demat Services | |
Rs 0 (Free) | |
Trading AMC [Yearly] | Rs 0 |
Demat Charges [One Time] | Rs 0 |
Demat AMC [Yearly] | Rs 330 |
Margin Money | Rs.15,000 Minimum |
Offline to Online | Yes |
Eureka Securities stockbroking house is a well-known and comprehensive broking service provider.
It offers services all over the country and its source for deposit is CDSL & NSDL. The broking house usually charges Rs. 0 as account opening fees.
Demat account maintenance charge is Rs 330. There are no such charges levied by the company for the trading account maintenance. Only Rs. 15,000 are charged as margin money for security.
Eureka Securities Offers
Eureka Securities is the greatly renowned and well-established stockbroking company who is good at providing broking services to all the customers.
Offers | |
Free Demat Account | No |
Free Trading Account | No |
Discount on Brokerage | No |
Trading Happy Hours | No |
Flexible Brokerage Plans | Yes |
1 Month Brokerage Free | No |
Holiday Offers | No |
Referral Offers | No |
Zero Brokerage for Loss Making Trades | No |
It’s offerings normally includes-
- The company usually enables customers to trade in various trading segments including- equities, commodities, derivatives etc.
- It also provides flexible brokerage plans through which customers can get help regarding the trading process.
The company’s offers are customised as per the financial needs and requirements of the customers so that they cannot get confused while having any of the offers.
Detailed trading related reports are also provided for the convenience and satisfaction of the customers. It also has a team of members who provide support to customers during the trading process.
In case, the customer has any query and complaint regarding any offer of the company then they can consult the support team to resolve.
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How to open a demat account with Eureka Securities?
To open up a demat account or trading account with Eureka Securities is extremely easy and convenient. Users can open a paper-free account by using online demat account services of the company.
You can open a demat account by following given steps-
- For opening of demat account with Eureka Securities, you just need to fill up the lead form available below with accuracy (given at the company’s website).
- Once you are done filling your demat form, you need to tap on the submit icon given at the bottom of the demat form for submission.
- After the submission of the demat form, you will get a call from the company for further details.
- The company will ask you about your KYC documents including- PAN card, Photograph, Age proof, Address proof, Aadhaar details etc.
- Then submitting KYC documents to the company, the company will give you a phone call for the verification process.
- Once the verification is done, you will be informed regarding your demat account opening.
- After the opening of a demat account, you will be able to access your demat account with ease and flexibility.
Why open a trading account with Eureka Securities?
Various reasons to open eureka securities trading account are –
- Eureka Securities is a widely known and popular broking company that is good at offering financial as well as trading services to all the individuals.
- Users can easily open up a trading account with convenience and flexibility.
- Charges for opening up a trading account with Eureka Securities is very minimal.
- The company offer flexible trading platforms.
- Eureka Securities is also best at responding to complaints and giving feedback very quickly.
Eureka Securities Products & Services
The tabled chart given below is providing the entire details regarding Eureka Securities Products:
Eureka Securities Products
Products | |
Equity Trading | Yes |
Commodity Trading | Yes |
Currency Trading | Yes |
Options | Yes |
Futures | Yes |
Mutual Funds | Yes |
Forex | No |
Banking | No |
SIP | No |
Insurance | No |
Eureka Securities is the comprehensive full stock broker available in the nation. The company offers various qualitative products to its investors or users.
However, the greatly offered trading product by the broking company is equity trading. Effective and flexible trading products usually assist users in raising earnings and profit amount. They provide all types of financial products and services.
It has tailor-made products including- currency trading, commodity trading, equity trading, options, futures and mutual fund.
All these products are customized on the basis of customers’ needs and requirements which will help them in making a good and effective investment decision.
The stockbroking house usually allows users to have flexible and effective stock research reports and offers qualitative trading platforms in order to trade effectively anytime. Advisory services and customer support is also provided to all of its investors.
The list of products offered by the company is given below-
- Commodity trading
- Equity trading
- Currency trading
- Mutual funds
- Futures
- Options
All the products and services mentioned above are quite effective and appropriate for trading. These products are customised at affordable prices.
Although, the broking house also offers good customer support which makes all the offerings quite impressive and useful.
Eureka Securities Services
The Eureka Securities company mainly focus on providing demat account services, trading account services, IPO services, Robo Advisory and Intraday Services.
Also, the company offers good technical support as well as expert advice to all the customers for more convenience and satisfaction.
Services | |
Demat Services | Yes |
Trading Services | Yes |
3 in 1 Acount | No |
Intraday Services | Yes |
IPO Services | Yes |
Stock Recommendations | Yes |
Robo Advisory | No |
PMS | Yes |
Trading Institution | Yes |
Trading Exposure | Upto 5x |
The services offered by Eureka Securities to its clients or investors are listed below-
- Demat Services
- Trading Services
- Intraday Services
- IPO Services
- Stock Recommendations
- PMS
- Trading Institution
The comprehensive Eureka Securities stockbroking firm offers quite effective and useful trading services to all of its investors and clients.
The customised services provided by the company are made with flexibility. With the assistance of the services and products offered by the stockbroking group, investors or users can easily make a flexible and convenient investment decision.
The Eureka Securities is the best broking house help users in various strategic securities such as- equity, commodity, shares, bond, derivatives and many more.
They offer all kind of trading services with good customer support. For convenience and satisfaction, the broking house provides flexible brokerage plans and payment options as well.
Eureka Securities Research & Advisory
Research & Advisory | |
Fundamental Reports | No |
Research Reports | No |
Company Reports | No |
Annual Reports | No |
Company Stock Review | No |
Free Stock Tips | Yes |
IPO Reports | No |
Top Picks | Yes |
Daily Market Review | No |
Monthly Reports | No |
Weekly Reports | No |
Offline Advisory | Yes |
Relationship Manager | Yes |
Eureka Securities is a reliable and comprehensive stockbroking company offers free stock tips to all of its customers or investors.
Moreover, the company offers offline advisory services and relationship manager support to all its clients for convenience and ease.
Eureka Securities Exposure / Leverage
The Eureka Securities stockbroking house offers leverage upto 5x to its investors and users. It is good at offering high exposure to equity intraday and equity options.
Exposure / Leverage | |
Equity Delivery | 1x |
Equity Intraday | Upto 5x |
Equity Futures | 1x |
Equity Options | 1x |
Currency Futures | 1x |
Currency Options | 1x |
Commodities | 1x |
Margin Calculator | Eureka Securities Margin Calculator |
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Eureka Securities Trading Platforms
The stockbroking house provides research reports, real-time charts, quotes and graphs and also the assistance of technical experts for trading.
Trading Platforms | |
Desktop Platform – Windows | Yes |
Desktop Platform – Mac | Yes |
Desktop Browser Platform | Yes |
Mobile Site Platform | Yes |
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 | Yes |
News Flash | Yes |
Research Reports | No |
Easy Installation | Yes |
Global Indices | Yes |
Stock Tips | No |
Personalized Advisory | No |
Interactive Charts | Yes |
Live Markets | Yes |
SMS Alerts | No |
Email Alerts | No |
Multi Account Management | No |
Eureka Securities is a comprehensive broking house available across India. It offers reliable and convenient trading services to their customers. They usually provide online trading platforms along with all the investment activities.
It simply enables customers to invest online in derivatives, equities, commodities, currencies through your smartphone and computer as well.
The company usually offer customized trading software with the assistance of professional technical heads in order to cater your trading requirements.
They have designed online software to accomplish all of your financial requirements in real time with perfection.
Their online trading platforms include:
Eureka Securities EuTrade: Trading Terminal
EuTrade is a trading platform which assists customers with easy and simple trading. It is designed with a simple user interface with multiple features and superior technology. Customers can use this online trading software in the laptop, computer and smartphone as well.
Advantages of Eutrade trading platform includes-
- It is a user-friendly platform.
- Enables easy and simple trading.
- Users can make instant transactions with this platform.
- Only requires a basic internet connection for use.
Eureka Securities EuMobile: – Mobile Trading App
Eumobile is a trading application offered by the company for more flexibility and ease. With this app, customers can trade anywhere anytime with ease. It offers reading with various benefits.
Advantages of Automobile application are listed below-
- Offers high speed during transactions.
- Provide effectiveness
- Requires good internet connection.
- Provide flexibility in trading.
The company has tailor-made trading platforms with modern technology which has the capability to serve you effectively through-
- Easy-to-use trading platform.
- High speed for instant trading transactions.
- Allows users to access advanced trading tools.
- Real-time advisory & research reports.
- 24*7 back office support.
- Well knitted network.
- Greater transparency.
- Secured and effective payment gateway.
Eureka Securities Customer Support
Customer Support | |
Dedicated Dealer | Yes |
Offline Trading | Yes |
Online Trading | Yes |
24*7 Support | No |
Support Number | 033 – 66280000 |
Email Support | No |
Chat Support | No |
Toll Free Number | No |
Branches | 35 |
Eureka Securities usually provide good support to all of its clients or investors. Basically, it provides online as well as offline trading support for more flexibility and ease.
The stockbroking group has 35 branches all over the nation through which customers can easily resolve any type of queries.
Eureka Securities Complaints (Current Year)
The table given below is detailing about Eureka Securities Complaints
Complaints (Current Year) | |
Lodged in BSE | 0 |
Resolved in BSE | 0 |
Lodged in NSE | 1 |
Resolved in NSE | 1 |
Eureka Securities has performed very well in the stock market by providing qualitative trading services.
According to the above-given complaints table, it is clearly shown that the company has received very few complaints and has resolved all of them immediately.
The company is actually good at removing complaints and giving feedback as well.
Disadvantages of Eureka Securities
Eureka Securities is one of the reliable broking houses which provide various financial services to the users for huge satisfaction and convenience.
The company do provide beneficial services but it also has some disadvantages which are listed below-
- It does enable users to open up 3 in 1 account.
- The company does provide any referral offer and holiday offer facility to the customers.
- It charges fees for opening trading as well as demat account.
Eureka Securities Conclusion
Eureka Securities Pvt Ltd is the top-notch stockbroking house offers qualitative trading products and services to all its users and customers.
Basically, the company offer services all over the nation. It has numerous franchises spread across India which help users to raise up an investment portfolio.
Apart from trading services, the company also provide portfolio management services for ease and convenience. The company is also good at providing financial services to investors from a different country.
All kinds of financial services are available with the company including, commodity trading, equity trading, stock research reports and many more.
If you are in search of trading services and PMS services, Eureka Securities is the right platform for you. It has all those trading services to offer which you require.
And the most amazing thing is the company resolve all the complaints and give feedback quickly to all the customers and investors as well.
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