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Guiness Securities Review, Brokerage Charges, Demat Account & more

Guiness Securities established in the year 1986 have been running with great success and catered to the various needs of the investors in the market.

This article is a complete Guiness Securities brokerage review that can answer all your queries about this company you want to know as an investor.

The article will also cater to the knowledge of the clients about the company’s products and offers, services, benefits of trading with this broking house as well as the drawbacks.

You can wisely decide after reading this article about the company.

Guiness Securities offers


Guiness Securities Customer Ratings & Review

Experience2.6/5
Products & Services2.9/5
Brokerage Charges & Fees2.4/5
Stock Research & Advisory2.5/5
Trading Platforms2.9/5
Overall Ratings2.6/5
Star Ratings★★★☆☆
Total Client Reviews202

 


About Guiness Securities

Company TypePrivate
Broker TypeFull Service Broker
HeadquartersKolkata, West Bengal
FounderKamal Kumar Kothari
Established Year1986

Guiness Securities

Guiness Securities is a stock brokering company running for more than three decades in the city of joy Kolkata with its branches all over the country.

This is a full-service broker which was formed by Kamal Kumar Kothari as a private concern.

The company has the headquarters in Kolkata and has several branches in different cities and places.


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Guiness Securities Brokerage Charges

Equity Delivery Trading0.39%
Equity Intraday Trading0.04%
Commodity Options Trading0.04%
Equity Futures Trading0.04%
Equity Options TradingRs.39 per Lot
Currency Futures Trading0.04%
Currency Options TradingRs.29 per Lot
Minimum BrokeragePercentage of Transaction
Demat AMC ChargesRs.350 per Annum
Trading AMC ChargesFree
Margin MoneyMinimum Rs.5,000
Brokerage CalculatorGuiness Securities Brokerage Calculator

Guiness Securities brokerage costs vary from one segment to another like for the equity futures segment it is 0.04% while for the equity delivery segment it is 0.39%.

The commodities, currency futures, equity intraday are charged at 0.04% also. The brokerage rate for equity options is Rs. 39 per lot while Rs. 29 for the currency options.


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Guiness Securities Other Charges

Transaction Charges0.00311%
STT0.0126% of Total Turnover
SEBI Turnover Charges0.0002% of Total Turnover
Stamp DutyDepends on State (very minimal)
GST18% of (Brokerage + Transaction Charges)

As per regulations, STT has to be paid at the rate of 0.0126% along with another fixed rate charge of 0.0002% towards SEBI turnover charges.

The transaction charges, as you may know, is levied on any transaction is charged at 0.00311% from the Guiness Securities clients.

The GST of 18% is applicable and it is charged on the amount which is derived by adding the total brokerage of a transaction to the transaction charges itself.


 

Guiness Securities Demat Account Opening Fees

Depository SourceCDSL & NSDL
Account Opening ChargesRs.100
Demat AMC ChargesRs.350 per Annum
Trading AMC ChargesFree
Margin MoneyMinimum Rs.5,000
Offline to OnlineYes

For opening the account you just need to pay Rs.100 which is very nominal account opening charges as you can assume.

The next is the annual maintenance fee which is Rs.350 on a yearly basis applicable for the Demat maintenance.

For the trading account, you do not need to pay any charges. The minimum margin money requirement is Rs.5000. The amount of margin money is comparatively lower than its peers.


Guiness Securities Offers

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

Guiness Securities provides certain offers for its clients which are –

  • The Offers include a free trading account
  • Different discounts on the brokerage amount

To know about offers of other stock brokers check below

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How to Open a Demat Account with Guiness Securities?

Opening Guiness Securities Demat account is quite simple, all you need to do is to –

  • Complete the application form for opening Demat account, click on Open Demat Account button below
  • Submit it with necessary and correct details
  • You will receive a call from their executives for scheduling a meeting
  • Further verification will be carried on in the meeting and your KYC documents like PAN, AADHAAR, Voter Id and other details will be asked for which you have to provide
  • Finally, once the documents are verified and your application is approved, you will be provided with the credentials of login of your account.

Why Open Guiness Securities Trading Account?

The various reasons to start trading with Guiness Securities are:

  • Average brokerage charges
  • Minimum margin requirement
  • Advanced trading platforms
  • Experienced and friendly customer support
  • High level of exposure provided

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Guiness Securities Products & Services

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

Products Offered by Guiness Securities:

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

The products revolves around the equities, currencies, commodities and derivative instruments – options and future.

The company does not deal with other financial products but they cover the major asset classes which are the mains of the stock market.

Being a member of various exchanges, they also give the opportunity to the clients to deal in a variety of stocks from every exchange.

Guiness Securities Service Offerings:

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

The Guiness Securities services include trading services that have intraday services as well.

Apart from the trading services, the stock broker also provides its Demat services being associated directly with NSDL and CDSL.

The company also provides a stock recommendation for the clients for better stock picking and trading.


 

Guiness Securities Research, Advisory and Stock Tips

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

Guiness Securities research services are really poor and they only provide certain free stock tips to the investors and nothing as such.

Investors can also seek advisory services which are provided mainly offline via relationship manager.


Guiness Securities Exposure or Leverage

Equity DeliveryUpto 2X
Equity IntradayUpto 6X
Equity FuturesUpto 3X
Equity OptionsUpto 4X
Currency FuturesUpto 2X
Currency OptionsUpto 2X
CommoditiesUpto 3X
Margin CalculatorGuiness Securities Margin Calculator

The exposure levels for the asset classes vary and the Guiness Securities exposure level for equity intraday is up to 6 times whereas it is only 2 times for the equity delivery segment and also for currency futures and options.

For the equity futures and commodities, it is up to 3 times and 4 times for the4 equity options.


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Guiness Securities Trading Platforms

Here are the thorough details on various trading platforms offered by Guiness Securities to its consumers. All the platforms have been established in-house and always get progressed on an unremitting basis.

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

Guiness Securities Trading Terminal

  • It is a software that has to be downloaded from the company’s website on your computer – desktop or laptop
  • Works on Windows and Mac OS
  • The trading terminal is efficient enough and captures the price that you want to trade in
  • User-friendly interface and fast

Guiness Securities Web Browser Trading Platform

  • The web-based platform which required nothing to be downloaded
  • Real-time updates you can readily get and track your portfolio easily
  • There are a variety of tools and charts to help you in trading

Guiness Securities Mobile Trading Platform

  • It is an application like any of your mobile application
  • This application works on Android and iOS platform
  • It has global indices, interactive chats options, and live market monitoring opportunity.

Guiness Securities Customer Care

Dedicated DealerNo
Offline TradingYes
Online TradingYes
24*7 SupportNo
Support NumberNA
Email SupportYes
Chat SupportNo
Toll Free NumberNo
Branches127

With Guiness Securities customer care, you cannot feel left alone. The customer service executives are enough dedicated and friendly as well to take care of your queries and grievances.

The company also has email support where you can contact the customer care via email with any of your query related to trading on their platform.


Guiness Securities Complaints and Feedback

Find the list of complaint against Guiness Securities:

Lodged in BSE0
Resolved in BSE0
Lodged in NSE6
Resolved in NSE6

According to the last year’s record, only 6 complaints were registered in NSE.

Those complaints were also resolved in the last year itself which shows that the customers of the company are taken seriously and the company cares for its customers.


Guiness Securities Disadvantages:

Below mentioned is the list of cons of Guiness Securities:

Cons of Guiness Securities

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

  • Very poor research services – no annual reports, weekly or monthly reports are provides.
  • There are no holiday offers
  • No referral offers or happy trading hours
  • The brokerage charges are on the higher side as compared to the peers

Guiness Securities Conclusion

With rich experience of 32 years, Guiness Securities has been ruling the markets in share brokering business.

The clients are satisfied with the services they get however with changing times, the company needs to upgrade itself.


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Best Stock Broker in India

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