Kantilal Chhaganlal Securities Review, Brokerage Charges, Demat Account & more

Kantilal Chhaganlal Securities or KC Securities is amongst the pioneers of trading, brokerage and wealth management services provider within the Indian Stock Trading Industry.

The company takes pride in providing their respective set of clients with customized, end to end wealth management services.

Our article today will primarily focus on evaluating their products, services, brokerage, taxes, customer care support, leverage on trading and most importantly on their respective trading platforms that they offer to the clients.

In other words, we are going to transcribe in detail everything you need to know about the company before you can decide whether to join them as a trader or as an investor.

Kantilal Chhaganlal Securities offers


Kantilal Chhaganlal Securities Customer Ratings & Review

Experience2.5/5
Products & Services3.4/5
Brokerage Charges & Fees3.3/5
Stock Research & Advisory2.6/5
Trading Platforms2.4/5
Overall Ratings2.7/5
Star Ratings★★★☆☆
Total Client Reviews62

 


About Kantilal Chhaganlal or KC Securities

Company TypePrivate
Broker TypeFull Service Broker
HeadquartersMumbai, Maharashtra
FounderJohn Caird
Established Year1995

Kantilal Chhaganlal

KC Securities is the frontier for financial operations dealing with specifically equity and derivative based trading for the KC Group.

Kantilal hhaganlal was established in the year 1954 within the judiciary premises of Mumbai, Maharashtra and is currently lead by John Caird as the Director.

The full-service brokerage firm lay their ideals and winning attributes on professional management, in-depth research and informed investment.

As a matter of fact, their very motto states “Trust Experience, Wealth Follows”.


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    Kantilal Chhaganlal Brokerage Charges

    Equity Delivery Trading0.55%
    Equity Intraday Trading0.06%
    Commodity Options TradingNA
    Equity Futures Trading0.06%
    Equity Options TradingRs.55 per Lot
    Currency Futures Trading0.06%
    Currency Options TradingRs.30 per Lot
    Minimum BrokeragePercentage of Transaction
    Demat AMC ChargesFree
    Trading AMC ChargesFree
    Margin MoneyMinimum Rs.10,000
    Brokerage CalculatorKantilal Chhaganlal Securities Brokerage Calculator

    If you take a close look at the chart that has been deliberately drafted in a simplistic manner, you will notice that KC Securities typically levy a brokerage charge of Rs. 30 per lot on Currency Options Trading, 0.06 % brokerage on Currency Futures Trading.

    Along with this they also charge Rs. 55 per as brokerage on Equity options Trading, 0.06 % brokerage on Equity Futures Trading, 0.55 % brokerage on Equity Delivery Trading and 0.06 % on Equity Intraday Trading.

    Furthermore, the company has a mandatory rule for all of their respective clients (either traders or brokers) that requires them to maintain a minimum balance of Rs. 10,000 all the time with regards to Margin Money so as to be able to commence trade related activities without any interference.


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    Kantilal Chhaganlal Other Charges

    Transaction Charges0.00325%
    STT0.0126% of Total Turnover
    SEBI Turnover Charges0.0002% of Total Turnover
    Stamp DutyDepends on State (very minimal)
    GST18% of (Brokerage + Transaction Charges)

    As you must be able to conclude after taking a look at the table of contents above, KC Securities strictly charges an amount worth 0.0126 % of the total turnover value in terms of Securities Transaction Tax, an amount worth 0.0002 % of the total turnover value as SEBI Turnover Charges.

    Apart from this, the broking house also charge an amount worth 0.00325 % of the total turnover value as Transaction Charges and an amount worth 18 % of the sum of the overall transaction charge and brokerage in terms of GST. Moreover.

    The company also seeks a certain amount in terms of Stamp Duty that is variable in accordance to the state norms.


     

    Kantilal Chhaganlal Demat Account Opening Fees

    Depository SourceCDSL & NSDL
    Account Opening ChargesRs.330
    Demat AMC ChargesFree
    Trading AMC ChargesFree
    Margin MoneyMinimum Rs.10,000
    Offline to OnlineYes

    The above mentioned table of contents has been presented so as to give you a clear description of the required account opening fees for joining KC Securities as an investor or as a trader.

    As you can already see, they charge Rs. 330 for enabling anyone throughout the country to join them as traders or as investors and also require the registered clients to maintain a minimum balance of Rs. 10,000 with respect to Margin Money.

    Nevertheless, they do not require their clients to pay any annual maintenance charges for either a Trading or a Demat Account.


    Kantilal Chhaganlal Offers

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

    Considering the fact that KC Securities lay down offers related to only Free Demat Account and Free Trading Account for their respective customers, you can conclude that they are not very considerate in acquiring or retaining customers by merely giving out freebies.


    To know about offers of other stock brokers check below

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    How to Open a Demat Account with Kantilal Chhaganlal?

    If you want to join KC Securities as a trader or as an investor, you can easily do that by simply following the steps that have been mentioned below in the exact same order:-

    1. Locate the green colored button that reads ‘Open Demat Account’ and click it. The button can be found below this particular section.
    2. A new form will pop up as soon as you click on the aforementioned green button.
    3. Read through the entire form carefully and fill up all the required details with the correct set of information.
    4. Once you have concluded filling up the form you will be required to upload the form and a couple of documents in order to commence the KYC Verification procedure.
    5. You will be specifically required to upload a copy of your Adhar Card, Photograph and PAN Card in order to conclude the verification of your address, identity and age respectively.
    6. After you have completed the KYC Verification procedure, you will be contacted up on by an authorized representative in order to conclude the final set of formalities.
    7. You will be handed over the access to your new Trading or Demat Account in a couple of hours after you are done getting over with the aforementioned steps.

    Why Open Kantilal Chhaganlal Trading Account?

    You do not really have a choice other than to opt for either a Demat or a Trading Account, if you want to trade within the Indian Trading Industry as per the laws of the nation.

    Nevertheless, this is not the only reason that you must bring into consideration while thinking of joining KC Securities as a trader or an investor:-

    • They are amongst one of the first companies to have registered themselves for providing financial and brokerage services to the masses of the nation. In fact, they have been doing this for well over decades, hence they have enormous experience in this domain.
    • They happen to have desktop and mobile based remote trading platforms even for Mac and IOs apart from the usual Windows and Android.

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      Kantilal Chhaganlal Securities Products & Services

      Here are the list of Products & Services provided by Kantilal Chhaganlal –

      Products Offered by Kantilal Chhaganlal or KC Securities

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

      As you can see by considering the table of contents that has been presented just above this particular segment, KC Securities have exclusive financial products with regards to Systematic Investment Plans, Mutual Funds, Options Trading, Futures Trading, Commodity Trading, Equity Trading and Currency Trading.

      Nevertheless, you must also understand that the well recognized brokerage house does not have any products to offer with respect to Insurances, Banking or Forex trading.

      Kantilal Chhaganlal Securities Service Offerings

      Demat ServicesYes
      Trading ServicesYes
      3 in 1 AccountNo
      Intraday ServicesYes
      IPO ServicesNo
      Stock RecommendationsYes
      Robo AdvisoryNo
      PMSNo
      Trading InstitutionYes
      Trading ExposureUpto 7X

      As per the above mentioned table that gives a detailed description of all the services related to financial trading that can be expected from KC Securities, you can easily conclude that the company does offer extensive services with respect to Trading Institution, Stock Recommendations, Intraday Services, Trading Services and Demat Services.

      Furthermore, you must also be to conclude that they provide all of these services along with an additional trading exposure of up to seven times.


       

      Kantilal Chhaganlal Research, Advisory and Stock Tips

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

      It can be clearly stated in accordance with the aforementioned table that KC Securities does not provide every kind of support that can be expected from a fully integrated financial services provider and brokerage firm.

      Nevertheless, they still provide active support with respect to Offline Advisory, Weekly Reports, Daily Market Review, Monthly Reports, Relationship Manager and Top Picks, Free Stock Tips.


      Kantilal Chhaganlal Securities Exposure or Leverage

      Equity DeliveryUpto 2X
      Equity IntradayUpto 7X
      Equity FuturesUpto 1X
      Equity OptionsUpto 6X
      Currency FuturesUpto 3X
      Currency OptionsUpto 3X
      CommoditiesUpto 3X
      Margin CalculatorKantilal Chhaganlal Securities Margin Calculator

      Looking at the aforementioned table will help you understand all about the leverage trading exposure that one can expect from KC Securities as a company providing full service brokerage support.

      As you can see, they typically provide a trading exposure of up to 7X on Equity Intraday Trading, up to 3X on Commodities Trading & Currency Options Trading.

      The broker offer up to 1X on Equity Futures Trading, up to 6X on Equity Options Trading and up to 2X on Equity Delivery Trading.


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      Kantilal Chhaganlal Trading Platforms

      Here are the thorough details on various trading platforms offered by Kantilal Chhaganlal 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 PlatformNo
      Mobile Site PlatformYes
      Android App PlatformYes
      iOS App PlatformYes
      Windows App PlatformNo
      Other Mobile OS PlatformNo
      Real time UpdatesYes
      Portfolio DetailsYes
      Online MF BuyYes
      News FlashYes
      Research ReportsNo
      Easy InstallationNo
      Global IndicesYes
      Stock TipsYes
      Personalized AdvisoryNo
      Interactive ChartsNo
      Live MarketsYes
      SMS AlertsNo
      Email AlertsYes
      Multi Account ManagementNo

      KC Securities have developed their dedicated remote trading platforms that are conveniently available for the users to use on their Windows, Mac, Android and IOs based devices respectively.

      The company has been able to develop the remote trading platforms for computers (browsers) and mobiles so far:-

      KC Securities Web Browser Trading Platform

      KC Securities’ browser based remote trading platform is called KC Internet. The platform has been developed along with the following features:-

      • The ability to commence high speed trading activities.
      • The software come with customized AMC Schemes to suit your trading style and reduce the overall cost of your trade.
      • This web trading platform has the ability to execute transactions through the platform.
      • The ability to display respective user’s order status in real time.
      • The ability to grant and execute after hours order placement.
      • All time access to the company’s various research reports.

      Kantilal Chagganlal Securities Mobile Tradng App

      KC Securities’ mobile based trading platform is known by the name of KCiTade. The app can be found in both, Google’s Play Store and Apple’s App Store.

      It is basically a trading platform with simple and intuitive design that has the following features:-

      • The ability to display real time market updates through live stream.
      • It enables the users to define their own market watch lists.
      • The app comes embedded with contextual analytics facilities with extensive charting and access to unlimited historical data.
      • The app has also been integrated with the ‘Net Positions View’ along with multiple filters.

      Kantilal Chhaganlal Customer Care

      The broking company offers the following networks of communications to its users as given below:

      Offline, branches, Phone, Email

      Dedicated DealerNo
      Offline TradingYes
      Online TradingYes
      24*7 SupportNo
      Support Number
      Email SupportYes
      Chat SupportNo
      Toll Free NumberNo
      Branches10

      KC Securities dispatches support related to Offline Trading, Online Trading and Email Support from their network of over 10 branches located throughout the country.


      Kantilal Chhaganlal Complaints and Feedback

      Find the list of complaint against Kantilal Chhaganlal

      Lodged in BSE0
      Resolved in BSE0
      Lodged in NSE1
      Resolved in NSE1

      Only one complaint was filed within the NSE against KC Securities last year which has also been resolved, thus making the percentage of complaints received by the company against that of their active clients 0.01.


      Kantilal Chhaganlal Disadvantages

      Few disadvantages are –

      • They do not provide all the services related to Research and Advisory, which can turn out to be a bit problematic.

      Kantilal Chhaganlal Conclusion

      KC Securities do deserve the fame they have acquired over the years. Nonetheless, with a bit more effort, they can serve their clients even better.


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