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 Ratings & Review by Top10StockBroker

About 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.

Open Demat Account with FRR Shares

FRR Shares Brokerage Charges

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.

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FRR Shares Other 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.

FRR Shares Demat Account Opening Fees

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

The FRR Shares offers are –

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

To know about offers of other stock brokers check below

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:

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:

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.

FRR Shares Research, Advisory and Stock Tips

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

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.

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FRR Shares Trading Platforms

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

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

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 –

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.

Open Demat Account with FRR Shares

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