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

Experience 2.6/5
Products & Services 2.9/5
Brokerage Charges & Fees 2.4/5
Stock Research & Advisory 2.5/5
Trading Platforms 2.9/5
Overall Ratings 2.6/5
Star Ratings ★★★☆☆
Total Client Reviews 202

 


About Guiness Securities

Company Type Private
Broker Type Full Service Broker
Headquarters Kolkata, West Bengal
Founder Kamal Kumar Kothari
Established Year 1986

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.


Open Demat Account with Guiness Securities

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  1. Open Demat Account

Guiness Securities Brokerage Charges

Equity Delivery Trading 0.39%
Equity Intraday Trading 0.04%
Commodity Options Trading 0.04%
Equity Futures Trading 0.04%
Equity Options Trading Rs.39 per Lot
Currency Futures Trading 0.04%
Currency Options Trading Rs.29 per Lot
Minimum Brokerage Percentage of Transaction
Demat AMC Charges Rs.350 per Annum
Trading AMC Charges Free
Margin Money Minimum Rs.5,000
Brokerage Calculator Guiness 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 Charges 0.00311%
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)

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 Source CDSL & NSDL
Account Opening Charges Rs.100
Demat AMC Charges Rs.350 per Annum
Trading AMC Charges Free
Margin Money Minimum Rs.5,000
Offline to Online Yes

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

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

Integrated Enterprises Karuna Finance Mangal Keshav Securities HEM Securities
Intime Equities Kaynet Finance Mansukh Securities HSE Securities
Inventure Growth Khandwala Securities Manubhai Mangaldas IFCI Financial

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

Get a Call back from Guiness Securities

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  1. Open Demat Account

Guiness Securities Products & Services

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

Products Offered by Guiness Securities:

Equity Trading Yes
Commodity Trading Yes
Currency Trading Yes
Options Yes
Futures Yes
Mutual Funds No
Forex No
Banking No
SIP No
Insurance No

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 Services Yes
Trading Services Yes
3 in 1 Acount No
Intraday Services Yes
IPO Services No
Stock Recommendations Yes
Robo Advisory No
PMS No
Trading Institution No
Trading Exposure Upto 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 Reports No
Research Reports No
Company Reports No
Annual Reports No
Company Stock Review No
Free Stock Tips Yes
IPO Reports No
Top Picks No
Daily Market Review No
Monthly Reports No
Weekly Reports No
Offline Advisory Yes
Relationship Manager Yes

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 Delivery Upto 2X
Equity Intraday Upto 6X
Equity Futures Upto 3X
Equity Options Upto 4X
Currency Futures Upto 2X
Currency Options Upto 2X
Commodities Upto 3X
Margin Calculator Guiness 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 – Windows Yes
Desktop Platform – Mac Yes
Desktop Browser Platform Yes
Mobile Site Platform No
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 No
News Flash Yes
Research Reports No
Easy Installation Yes
Global Indices Yes
Stock Tips Yes
Personalized Advisory No
Interactive Charts Yes
Live Markets Yes
SMS Alerts Yes
Email Alerts Yes
Multi Account Management No

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 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 127

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 BSE 0
Resolved in BSE 0
Lodged in NSE 6
Resolved in NSE 6

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.


Open Demat Account with Guiness Securities

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