Indira Securities Review, Brokerage Charges, Demat A/C, Platforms & more
Last Updated Date: Dec 01, 2022Indira Securities is not so old company as compare to other broker firm. They have around 9 branches around different cities in India.
Indira Securities client base includes small rational investors, large net worth individuals and companies. The company also provides specialized services to non – resident Indians.
In this article you will to know all about their services like Equity trading, Research & Advisory, Commodity Trading etc. This article will help to traders and franchisee to associate with Indira Securities.
Indira Securities Ratings & Review by Top10StockBroker
Experience | 2.5/5 |
Products & Services | 3.4/5 |
Brokerage Charges & Fees | 3.3/5 |
Stock Research & Advisory | 2.6/5 |
Trading Platforms | 2.4/5 |
Overall Ratings | 2.7/5 |
Star Ratings | ★★★☆☆ |
About Indira Securities
Company Type | Private |
Broker Type | Full Service Broker |
Headquarters | Indore, M.P |
Founder | Chiranjilal Baxi |
Established Year | 2004 |
Indira Securities (or IndiraTrade) was established in 2004 and after that time has provided reasonable services, a full – service stock broker based from Indore.
It was founded by Chiranjilal Baxi.
The enterprise offers equity broking services, commodity trading and derivative trading, along with depository services, NRI services, portfolio management, mutual funds services and merchant banking.
They offer specialized services to NRI Indians. Indira Securities is one of the smaller stockbrokers in the country because of small number of active customers.
Open Demat Account with Indira Securities
Indira Securities 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 | Free |
Trading AMC Charges | Rs.299 per Annum |
Margin Money | Minimum Rs.5,000 |
Brokerage Calculator | Indira Securities Brokerage Calculator |
Facilitates the trading or administers investment or other services by means of a brokerage fee.
For information on types of charges and taxes applicable to your trades, please consult this Indira Securities Brokerage Calculator if you use their services.
- Brokerage Charges for Equity Delivery is 0.25 % and intraday is 0.03%.
- Demat annual maintenance charges are free but for trading Rs 299 need to pay annually.
- Marginal amount of minimum Rs 5000 is required to maintain.
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Indira Securities Other Charges
Transaction Charges | 0.00305% |
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) |
There is few charges applied addition to brokerage for trading.
For information on types of charges and taxes applicable to your trades, please consult this Indira Securities Brokerage Calculator if you use their services.
- This is the charge which is necessitated to pay for each trade done.
- Transaction charge of 0.00305% is levied for every transaction.
- On total turnover STT and SEBI charge of 0.0126% and 0.0002% resp.
Indira Securities Demat Account Opening Fees
Depository Source | CDSL & NSDL |
Account Opening Charges | Rs.100 |
Demat AMC Charges | Free |
Trading AMC Charges | Rs.299 per Annum |
Margin Money | Minimum Rs.5,000 |
Offline to Online | Yes |
Here are the price and charges associated for demat and trading account:
- Account can be open with one time charge of Rs 100.
- Annual maintenance charges are free for traders.
- Their source of depository is CDSL & NSDL.
- They offer online trading through offline.
Indira Securities Offers
Free Demat Account | Yes |
Free Trading Account | No |
Discount on Brokerage | Yes |
Trading Happy Hours | No |
Flexible Brokerage Plans | No |
1 Month Brokerage Free | Yes |
Holiday Offers | No |
Referral Offers | No |
Zero Brokerage for Loss Making Trades | No |
Indira stock broker provide offer attractive contribution for benefit of their business and also for trader’s interest.
- Provide Demat account for free.
- Discount for brokerage trader can avail.
- They free brokerage charges for trader of 1st
To know about offers of other stock brokers check below
How to Open a Demat Account with Indira Securities?
To start trading you must have Demat account.
- To trade with Indira stock broker, you can click on the green Open Demat Account button below.
- Fill the form online with all details.
- A representative will contact you over phone and after will visit you.
- Customer represent will visit you in – personal, and collect all required document.
- After few days you will get your trading account.
Why Open Indira Securities Trading Account?
Some of the positive features for preferring Indira stock broker services.
- Indira stock has a optimal brokering charges.
- A team of researchers have maximum hit ratio. They are skilled and experienced.
- They provide sophisticated and developed technology for trading.
- In small period of time they have immersed as a proficient security brokers.
Get a Call back from Indira Securities
Indira Securities Products & Services
Here are the list of Products & Services provided by Indira Securities –
Products Offered by Indira Securities
Equity Trading | Yes |
Commodity Trading | Yes |
Currency Trading | Yes |
Options | Yes |
Futures | Yes |
Mutual Funds | Yes |
Forex | No |
Banking | No |
SIP | Yes |
Insurance | Yes |
Indira securities provide wide range of product and services to their clients to trade in different financial instrument.
- They provide different trading instruments in equity and derivative market.
- Trading in MCX and forex market is possible.
- Important financial product are offered- Mutual Funds, SIP and Insurance.
Indira Securities 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 | No |
Trading Exposure | Upto 5X |
They provide different service to their customer to facilitate in trading.
- Crucial survives for trading are offered by them like Demat and trading.
- They provide all intraday services to their traders.
- Stock selection and tips are offered by Indira securities.
- They provide a fair limit upto 5 times.
Indira 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 | Yes |
Top Picks | Yes |
Daily Market Review | Yes |
Monthly Reports | Yes |
Weekly Reports | Yes |
Offline Advisory | Yes |
Relationship Manager | Yes |
Indira Securities assists investors through significant research and news reports in keeping themselves up to date with the market. The reports contain:
- They provide important report on daily, monthly basis.
- Report they provide include market review, top pick stock, IPO of stock.
- Dedicated relationship manager helps to solve all setbacks.
Indira Securities Exposure or Leverage
Equity Delivery | Upto 1X |
Equity Intraday | Upto 5X |
Equity Futures | Upto 2X |
Equity Options | Upto 6X |
Currency Futures | Upto 3X |
Currency Options | Upto 2X |
Commodities | Upto 3X |
Margin Calculator | Indira Securities Margin Calculator |
Here are Indira Securities ‘ exposure values across segments:
Exposure are negotiable depending on the reliability and usage of the client.
- The exposure for intraday equity trading is up to 5 times and do not provide exposure for equity delivery.
- The leverage provided for Equity Options is highest 6 times.
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Indira Securities Trading Platforms
Find all the information about trading platforms offered by the broking house –
Desktop Platform – Windows | Yes |
Desktop Platform – Mac | Yes |
Desktop Browser Platform | No |
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 | Yes |
News Flash | Yes |
Research Reports | No |
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 |
Indira Securities offers an online trading user interface based on the Web, and a trading platform for the application.
Indira Investor Web – Indira Securities Web Trading Platform
It is based on the “NETNETHT” technology.
Advanced charts, Market watch, Live updates and alerts.
The platform can be used to place, cancel or modify orders, and to view the order book, transactions book and the account balance.
Indira Trader Terminal – Indira Securities Trading Terminal
Download the Diet software on a desktop from the app – based terminal. The software is then used for trading purposes
Updated tools like real-time charts, numerous calculators, Pivot Point Support/Resistance Watch and Heat Map.
I-Win Mobile App – Indira Securities Mobile Trading App
The application offers Live Stream Feed and Mobile trading facility.
Indira 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 | 8 |
Indira Securities customers and business partners can get in touch with them for:
Indira Securities has good customer service with committed management of relations and an adherence officer.
- Query related to offline and online trading.
- They provide support through E mail.
Indira Securities Complaints and Feedback
Find the list of complaint against Indira Securities
Lodged in BSE | 0 |
Resolved in BSE | 0 |
Lodged in NSE | 3 |
Resolved in NSE | 3 |
Below complaint report details how many complaints receive to stock exchange board by customers.
In BSE no complain was register, in last year.
In NSE total 3 complains were lodges and all were resolved.
The percentage of total complains receive is 0.19%.
Indira Securities Disadvantages
You must be aware of all the possible side’s point of view too and therefore here are a few areas where Indira stock broker is concerned:
- The presence of Indira stock branch is limited to few territories.
- Equity brand is not much.
- The brokerage rate is high.
- They provide low exposer limit on trading.
Indira Securities Conclusion
The Indira stock broker can be preferred for franchisee and traders. They provide large range of trading products.
They help to keep upto-date with its extensive research and reports on the market. The Stock Broker have limited offline presence.
Open Demat Account with Indira Securities
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