FRR Shares Review, Brokerage Charges, Demat Account & more

FRR Shares is a Mumbai based full-service broker which is in this business for the last 9 years.

The article will discuss everything about the company starting from the brokerage charges to the other associated charges to the products and services of the company and its trading platforms.

This you can refer as an in-depth FRR Shares Review article.


FRR Shares Customer Ratings & Review

Experience 2.9/5
Products & Services 3.4/5
Brokerage Charges & Fees 3.1/5
Stock Research & Advisory 3.3/5
Trading Platforms 2.9/5
Overall Ratings 3.2/5
Star Ratings ★★★☆☆
Total Client Reviews 256

 


About FRR Shares

Company Type Public
Broker Type Full Service Broker
Headquarters Mumbai, Karnataka
Founder Parag Mehta
Established Year 2010

FRR Shares FRR Shares was established in the year 2010 by Parag Mehta in the financial capital of the country, Mumbai.

The company is a public limited company catering to the needs of the investors in the stock market as a full service broker.


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FRR Shares Brokerage Charges

Equity Delivery Trading 0.25%
Equity Intraday Trading 0.03%
Commodity Options Trading 0.03%
Equity Futures Trading 0.03%
Equity Options Trading Rs.25 per Lot
Currency Futures Trading 0.03%
Currency Options Trading Rs.15 per Lot
Minimum Brokerage Percentage of Transaction
Demat AMC Charges Rs.400 per Annum
Trading AMC Charges Rs.250 per Annum
Margin Money Zero Margin
Brokerage Calculator FRR Shares Brokerage Calculator

The brokerage house has a variety of products to trade in and for each asset class or the products, the brokerage is also different.

So the FRR Shares brokerage charges for equity delivery segment is 0.25%, the rate drops down to 0.03% for the equity intraday trading, equity and currency futures trading segment and also for the commodities options trading segment.

For the equity options, it is Rs. 25 per lot and for the currency options that rate is a flat one which is Rs. 15 per lot. The minimum brokerage that is charged is a percentage of the transaction.


FRR Shares Other Charges

Transaction Charges 0.00275%
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)

For trading shares, an investor needs to pay certain charges apart from the brokerage charges and FRR Shares charges include a transaction charge of 0.00275% on each of the transaction along with STT charges of 0.0126% on total turnover.

The broking house also charges .0002% as SEBI Turnover Charges on total turnover. The stamp duty varies according to the state where you are trading from.

Apart from all these charges, GST is applicable at the rate of 18% on the amount equals to the sum of brokerage and transaction charges.


Find Brokerage Charges of other Full Service Brokers – 

Kotak Securities ICICI Direct Sharekhan India Infoline (IIFL)
Ventura Securities Marwadi Group Aditya Birla Money Motilal Oswal

FRR Shares Demat Account Opening Fees

Depository Source CDSL & NSDL
Account Opening Charges Free
Demat AMC Charges Rs.400 per Annum
Trading AMC Charges Rs.250 per Annum
Margin Money Zero Margin
Offline to Online Yes

FRR Shares is associated both with the CSDL and NSDL and for opening an account there is no fee or charges.

The annual maintenance charges or AMC for Demat account and the trading account is Rs. 400 and Rs. 250 respectively.

The company asks for no margin money and one can easily transfer the offline trading to the online system.


FRR Shares Offers

Free Demat Account No
Free Trading Account No
Discount on Brokerage No
Trading Happy Hours No
Flexible Brokerage Plans No
1 Month Brokerage Free No
Holiday Offers Yes
Referral Offers No
Zero Brokerage for Loss Making Trades No

The FRR Shares offers are –

  • There are a variety of holiday offers available
  • Free account opening – both Demat and Trading

How to Open a Demat Account with FRR Shares?

The process of Demat account opening with FRR Shares is as follows –

  • If you want to open a Demat account with the stock broker, then you need to fill the form after clicking on Open Demat Account button below.
  • Once the form is filled and submitted, a representative from the company will call and provide the details about further process of verification and fix a meeting.
  • In the meeting you need to give documents like AADHAAR Card, Voter ID, PAN Card, Address proof and passport size photo of yours to the representative for verification (KYC) purpose.
  • Once the verification process is completed and your documents and application get approved, the username and login details will be provided to you and you will be authorized to handle your account.

Why Open FRR Shares Trading Account?

If you are looking for a reason to open a Demat and trading account with FRR Shares, then here is a full list of reasons which you can think upon –

  • The company has an array of products and services which can cater to your different investment requirements. There are financial assets of every kind that you can trade in.
  • The company offers free account opening and the maintenance charges are pretty low
  • Brokerage charges of the company are average and not too high to be affordable
  • There is no margin money requirement
  • From the ratings, it seems that the company knows how to handle clients and investors so you can expect a good amount of support from the company.

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FRR Shares Products & Services:

Here are the list of Products & Services provided by the broking house –

Products Offered by FRR Shares:

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 mentioned in the last section, there are a variety of FRR Shares products which includes equity shares, options, and futures trading segments.

The company also provide a facility for trading commodities and currencies in the market.

FRR Shares Service Offerings:

Demat Services Yes
Trading Services Yes
3 in 1 Acount No
Intraday Services Yes
IPO Services Yes
Stock Recommendations No
Robo Advisory No
PMS No
Trading Institution Yes
Trading Exposure Upto 10X

The FRR Shares services include Demat services that help you to keep your shares and financial products that you trade in one account.

The next is trading services and also it provides you the facility of a trading institution which helps in gaining knowledge about trading.

There is intraday services available and also IPO – Initial Public Offering services available with the stock broker.


Check Products & Services offered by other Stock Brokers –

Angel Broking HDFC Securities Indiabulls Ventures  Just Trade
IDBI Direct  GCL Securities Arihant Capital Religare Securities

FRR Shares 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 No
Daily Market Review No
Monthly Reports No
Weekly Reports No
Offline Advisory Yes
Relationship Manager Yes

For a broker, it is very important to support the clients with the necessary research and advises. FRR Shares research services are really beneficial for the clients and the investors get –

  • Fundamental research reports on the company/shares they want to invest
  • Periodic research reports of the shares and other financial instruments they make an investment into
  • Company reports are also provided to get a clear idea of the company and its operation and profitability and also annual reports are supplied to the clients
  • IPO reports which detail the upcoming IPOs and financials regarding the same are also provided
  • Free stock tips and company stock review is available
  • Relationship manager is available for advisory services and offline advice on stock trading is provided by them.

FRR Shares Exposure or Leverage

Equity Delivery Upto 2X
Equity Intraday Upto 10X
Equity Futures Upto 2X
Equity Options Upto 5X
Currency Futures Upto 2X
Currency Options Upto 3X
Commodities Upto 2X
Margin Calculator FRR Shares Margin Calculator

For the trading purpose, leverage or exposure is of critical importance. It helps the investors invest with a less amount of capital and to aim for a higher return.

The FRR Shares exposure or leverage for the equity delivery segment is up to 2 times whereas for the equity intraday segment it is up to 10 times which is really magnificent and heavily beneficial for the clients.

For commodities and futures, the exposure is up to 2 times and 3 times for the currency options. For equity options, the company provides a leverage of 5 times.


FRR Shares Trading Platforms

In this section we will see the different trading platforms the broking hosue has –

Desktop Platform – Windows Yes
Desktop Platform – Mac No
Desktop Browser Platform No
Mobile Site Platform No
Android App Platform No
iOS App Platform No
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 No
Global Indices Yes
Stock Tips Yes
Personalized Advisory No
Interactive Charts No
Live Markets Yes
SMS Alerts No
Email Alerts Yes
Multi Account Management No

FRR Shares Trading Terminal

  • This is a Desktop based platform which runs on the Windows operating system.
  • You can set up different stocks and portfolio that you want to monitor in one single screen.
  • The trading platform is an advanced platform where the investors can find all the real-time updates of the market.
  • There are variety of charts and research reports on the terminal to help you in your trading.
  • You can set alerts for market updates through email via this platform.
  • Offers a smooth trading experience which helps in capturing the better prices for your trades.

FRR Shares Web-based Trading Platform

The company is yet to launch a web-based trading platform for the users.

However, soon you can hope to get a web-based platform from FRR Shares too which can help you trade even when you are not in from of the desktop.

FRR Shares Mobile Trading App

A mobile platform is yet to be developed for the FRR Shares clients. Once it is developed you can trade on the go.


FRR Shares Customer Care

Dedicated Dealer No
Offline Trading Yes
Online Trading Yes
24*7 Support No
Support Number NA
Email Support Yes
Chat Support No
Toll Free Number No
Branches 15

Customer care is a mandatory department for any stockbroker and FRR Shares customer services help in offline trading as well as online trading.

If you have any doubts, queries regarding the trading platforms, etc. you can call them during the market hours. They are also available on email support.


FRR Shares Complaints and Feedback

Find the list of complaint against FRR Shares –

Lodged in BSE 0
Resolved in BSE 0
Lodged in NSE 5
Resolved in NSE 5

The chart above refers to the number of FRR Shares complaints received and resolved and we can see that only 5 complaints were received on NSE which are resolved in the same year.

The percentage of reports or complaints against the number of investors or clients who actively trade is nil.


FRR Shares Disadvantages:

There are a few cons of FRR Shares which are –

  • No Mobile trading platforms
  • No Web trading platforms

FRR Shares Conclusion

Apart from the issues related to the availability of different trading platforms, the FRR Shares has all other necessary services and products and low brokerage charges.

The company also provides necessary support to the clients and investors from its 480 customer support branches.


Check detailed review of similar full service brokers:

Mangal Keshav  MasterTrust Networth Direct Reliance Securities
Axis Direct  SMC Global GEPL Capital  SBI Cap Securities

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