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Greenbucks Securities Review, Brokerage Charges, Demat Account & more

Greenbucks Securities embarked on its journey from the year 2007 and since then it is servicing the investors with complete dedication and with different services and products at an affordable rate.

This article will eventually talk about the various aspects of Greenbucks Securities from its brokerage charges to the products and services.

This is a Greenbucks Securities brokerage review that has not only the company’s best aspects written in it but also the cons of the company have been discussed in the later sections.

So, if you want to know about Greenbucks Securities in details, you must continue reading.

Greenbucks Securities offers


Greenbucks Securities Customer Ratings & Review

Experience3.4/5
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 Reviews256

 


About Greenbucks Securities

Company TypePrivate
Broker TypeFull Service Broker
HeadquartersPitampura, Delhi
FounderUday S Singh
Established Year2007

Greenbucks Securities

A privately held company that came into existence in the year 2007 as a full-service broker.

The company was formed by Mr. Uday S Singh which is having headquarter in the capital city of the country that is Delhi, at Pitampura.

The company has been a member of various recognized and nationalizes stock and commodities exchanges.


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Greenbucks Securities Brokerage Charges

Equity Delivery Trading0.15%
Equity Intraday Trading0.02%
Commodity Options Trading0.02%
Equity Futures Trading0.02%
Equity Options TradingRs.15 per Lot
Currency Futures Trading0.02%
Currency Options TradingRs.10 per Lot
Minimum BrokeragePercentage of Transaction
Demat AMC ChargesFree
Trading AMC ChargesFree
Margin MoneyMinimum Rs.10,000
Brokerage CalculatorGreenbucks Securities Brokerage Calculator

The brokerage charges of Greenbucks Securities is different for different asset classes.

It is 0.15% for the equity delivery transactions while the rate is 0.02% for the equity intraday, currency and equity futures, and the commodities as well.

The brokerage rate for the options segment is also different for the equity options which is Rs. 15 per lot and for the currency options it is Rs. 10 per lot.


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Greenbucks Securities Other Charges

Transaction Charges0.00255%
STT0.0126% of Total Turnover
SEBI Turnover Charges0.0002% of Total Turnover
Stamp DutyDepends on State (very minimal)
GST18% of (Brokerage + Transaction Charges)

There are few other charges which are levied in the transactions like STT of 0.0126% which is a mandatory charge as per government regulations along with the SEBI Turnover charges of 0.0002% and both these charges are calculated on the total turnover.

There are also transaction charges charged at 0.00255% and GST is applicable on the sum of brokerage and transaction cost. Finally, the stamp duty needs to be paid as per the stamp duty charges of the state.


 

Greenbucks Securities Demat Account Opening Fees

Depository SourceCDSL & NSDL
Account Opening ChargesRs.300
Demat AMC ChargesFree
Trading AMC ChargesFree
Margin MoneyMinimum Rs.10,000
Offline to OnlineYes

Greenbucks Securities Demat account opening charges are Rs.300 which is a onetime fee and apart from this fee there is no annual maintenance fee that the trader or the investor has to pay.

As you can see in the table above, there is no AMC for both Demat and trading account and this makes the investors quite happy.

However, the margin money requirement is there and the minimum margin money that has to be kept is Rs.10000.


Greenbucks Securities Offers

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

The various offers of Greenbucks Securities –

  • You can refer and earn extra money with Greenbucks Securities
  • The investors can be entitled to receive a discount on their brokerage charges
  • There are no maintenance charges of Demat and Trading account.

To know about offers of other stock brokers check below

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How to Open a Demat Account with Greenbucks Securities?

To open an account with Greenbucks Securities, you need to –

  • Fill the Demat account opening application form by clicking on green Open Demat Account buttonn below. Fill the form and submit.
  • Once your form is received and reviewed at Greenbucks Securities office by the executives, they will call you to schedule a meeting.
  • In the meeting, they will take your KYC documents like PAN, Address proof, AADHAAR, Voter Id, etc.
  • They will verify all these documents and your other financial aspects and once your application gets approved after thorough verification, you will be assigned with your login credentials of the account. Then you can trade as you want.

Why Open Greenbucks Securities Trading Account?

Greenbucks Securities provides enough reason to open trading account and trade with them and some of the main reasons are –

  • There are no annual maintenance fees that the clients have to pay
  • The company offers a wide range of products and services pertaining to the different segments of the market
  • They also have a variety of services to offer to the clients
  • They have different types of trading platforms to suit the need of different clients
  • The brokerage charges are lower than most of its peers in the market

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Greenbucks Securities Products & Services:

Here are the list of Products & Services provided by Greenbucks Securities-

Products Offered by Greenbucks Securities:

Equity TradingYes
Commodity TradingYes
Currency TradingYes
OptionsYes
FuturesYes
Mutual FundsYes
ForexNo
BankingNo
SIPYes
InsuranceYes

The Greenbucks Securities products list not only includes the usual stock market instruments like the equity, commodities, currencies, and derivatives instruments but also includes the investment vehicles like Mutual funds which include both SIP and Lump sum funds.

The company also sells insurance products of different types.

Greenbucks Securities Service Offerings:

Demat ServicesYes
Trading ServicesYes
3 in 1 AcountNo
Intraday ServicesYes
IPO ServicesYes
Stock RecommendationsYes
Robo AdvisoryNo
PMSNo
Trading InstitutionNo
Trading ExposureUpto 6X

Greenbucks Securities services include stock recommendations, IPO services, Demat and trading services is obviously there under the list of services which also includes intraday transaction facilities.

The company also provides different types of research and advisory services which will be discussed in the next section.


 

Greenbucks Securities Research, Advisory and Stock Tips

Fundamental ReportsNo
Research ReportsNo
Company ReportsNo
Annual ReportsNo
Company Stock ReviewNo
Free Stock TipsYes
IPO ReportsYes
Top PicksYes
Daily Market ReviewYes
Monthly ReportsYes
Weekly ReportsYes
Offline AdvisoryYes
Relationship ManagerYes

For the clients, Greenbucks Securities research team is always on their toes to provide information about the market. The clients get –

  • Free tips on a variety of stocks and the market instruments
  • There are reports which are circulated among the clients about the weekly, monthly performance of the stocks, companies and other instruments
  • A daily market review is provided by the research team to aid the trading process of the investors
  • Every day, the research team come up with the top performing stocks.

The advisory service of Greenbucks Securities includes a personal discussion with relationship manager about your financial goal and aspiration and accordingly formulating an investment plan.

You can also get offline advisory services apart from online services.


Greenbucks Securities Exposure or Leverage

Equity DeliveryUpto 3X
Equity IntradayUpto 6X
Equity FuturesUpto 3X
Equity OptionsUpto 6X
Currency FuturesUpto 2X
Currency OptionsUpto 2X
CommoditiesUpto 2X
Margin CalculatorGreenbucks Securities Margin Calculator

For the equity intraday segment, the Greenbucks Securities leverage level goes up to 6 times and it is the same for the equity options segments as well.

It is highly beneficial for the investors to get such a level of exposure from the company and it enables them to take much more risk and generate much more profits.

The leverage for equity delivery segment is also 3 times which is quite high compared to its peers and the same goes for the equity futures. For the rest of the segments, it is 2 times.


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Greenbucks Securities Trading Platforms

Greenbucks Securities trading platform includes all three different kinds of platforms that are present in the market as of now. All three are discussed below –

Desktop Platform – WindowsYes
Desktop Platform – MacYes
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 ReportsNo
Easy InstallationYes
Global IndicesYes
Stock TipsYes
Personalized AdvisoryNo
Interactive ChartsYes
Live MarketsYes
SMS AlertsYes
Email AlertsYes
Multi Account ManagementNo

Greenbucks Securities Trading Terminal

  • Trading terminal works on desktop or laptop which has Windows or Mac operating system.
  • It provides all the real-time updates of the market
  • Email and SMS alerts can be set for market updates and trade-related updates
  • Downloadable from the company’s site and the process of installation is quite easy

Greenbucks Securities Web-based Trading Platform

  • For this platform, you do not need to download any software, unlike the previous platform. On your desktop or laptop, you can just visit the site on the browser and trade.
  • This requires a stable internet connection
  • You can set your portfolio and track it
  • Various market indices are there on the site to follow and monitor the market movements
  • Easy to trade and helps in efficient trading and capturing great prices

Greenbucks Securities Mobile Trading App

  • This is an application based trading platform that works on Android or iOS.
  • You can set all the stocks you buy and sell that is your portfolio and track it whenever and anywhere you are with an internet
  • Track the live markets like never before on the screen of your smartphone
  • There is interactive chat facility as well to discuss your queries with the Greenbucks Securities executives.

Greenbucks Securities Customer Care

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

There are more than 428 customer care centers of Greenbucks Securities which provide a solution for client’s various issues and problems.

They are active online and offline simultaneously and you can also mail them the problems and can expect a quick revert.


Greenbucks Securities Complaints and Feedback

Find the list of complaint against Greenbucks Securities:

Lodged in BSE0
Resolved in BSE0
Lodged in NSE3
Resolved in NSE3

Per the last year’s record, three complaints were lodged on NSE which were resolved in that year only. This shows the efficiency of the Greenbucks Securities team.


Greenbucks Securities Disadvantages:

Below mentioned is the list of cons of Greenbucks Securities:

Cons Of Greenbucks Securities

Discuss some of the worries if you make use of this full-service trader for your stock market trading:

  • The research team is yet to supply the annual reports
  • Offers provided are not that much benefit for most of the clients

Greenbucks Securities Conclusion

Greenbucks Securities is doing business with a lot of respect and dedication towards its clients.

Though there are a few aspects which they can work upon to better themselves, the overall performance of the company is notably good.


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