LKP Securities has been one of the top Stock Broking Houses in India since its inception in 1948. Lets go through a detailed review on LKP Securities’ Demat Account, Brokerage Charges, Services offered, LKP’s Trading platforms and various other important Features it offers to customers.
LKP Securities Customer Review & Ratings
|LKP Securities Ratings & Review|
|Research & Advisory||6.1/10|
|Brokerage Charges & Fees||6.3/10|
|Product & Services||6.4/10|
About LKP Securities
|Broker Type||Full Service Broker|
|Founder||Mahendra V Doshi|
LKP Securities has been in inception since 1948 and has been one of the leading Stock Brokers of India. With its wide range of product offerings, it has become a one-stop-shop solution provider for all its consumers for their financial needs. Sophisticated and secured systems, well-planned Operations processes and robust Risk Management policies are their foundation for success.
LKP Securities is a member of the BSE and NSE for Capital and Debt market segments whereas for Commodity segment, they are members of MCX, MCDEX and DGCX-Dubai. It is also a trading member with NSE for currency features.
The variety of segments that they deal in and offer their customers are Equity, Commodity, Currency, Debt Instruments, Third party Distribution and Structured products. LKP Securities operates out of 17 branches and 7 regional offices across the country and have a workforce of over 3000 Business Associates.
LKP Securities is also a Category-1 merchant banker as well as it has been registered with AMFI as a Mutual Find Distributor. Moreover, LKP Finance Ltd, its group company is registered as an NBFC with RBI.
Open Demat Account with LKP Securities
LKP Securities Brokerage Charges
|Equity Delivery Trading||0.1% – 0.5%|
|Equity Intraday Trading||0.01% – 0.05%|
|Commodity Options Trading||Rs. 50 per Lot|
|Equity Futures Trading||0.01% – 0.05%|
|Equity Options Trading||Rs. 50 per Lot both side|
|Currency Futures Trading||Rs.30 per Lot|
|Currency Options Trading||Rs.30 per Lot|
|Demat A/C AMC Charges||Rs 250 per Annum|
|Trading A/C AMC Charges||Free|
|Margin Money||Minimum 5,000|
LKP charges very low brokerage as compared to most Stock Broking Houses. It offers percentage as well as per lot options both to the traders and they can choose which one they prefer. It works on a Margin Funding concept.
Your brokerage charge depends largely on the Margin amount deposited with LKP Securities- the more the margin amount, the lesser the Brokerage charge.
The minimum margin amount is Rs. 5000 but it can go upto any amount as desired by the Trader. Also there is an Annual AMC Charge for the Demat account of Rs. 250/-.
LKP Securities Other Charges
Apart from the Brokerage Charges, there are a few other charges towards Transaction, SEBI Turnover charges, Stamp Duty and GST which are also charged during Trade. However, these are very minimal charges, which doesn’t really affect your Profit percentage or Return of Investment.
|Transaction Charges||0.00325% of Total Turnover|
|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)|
Find Brokerage Charges of other Full Service Brokers –
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|Ventura Securities||Marwadi Group||Aditya Birla Money||Motilal Oswal|
LKP Securities Demat Account Opening Fees
|Demat Account Opening Fees|
|Account Opening Charges||Zero|
|Demat AMC Charges||Rs.250 per Annum|
|Trading AMC Charges||Free|
|Margin Money||Minimum Rs.5,000|
|Offline to Online||Yes|
LKP Securities doesn’t charge anything towards the Trading Account opening and Demat Account opening. However there is an AM charge of Rs. 250/- which is charged on annual basis for Demat Account.
The minimum Margin money is Rs.5,000, but one can choose to deposit more as well and in turn get some relaxation on the Brokerage charges.
LKP Securities Offers
|Free Demat Account||NO|
|Free Trading Account||Yes|
|Discount on Brokerage||Yes|
|Trading Happy Hours||No|
|Flexible Brokerage Plans||Yes|
|1 Month Brokerage Free||No|
|Zero Brokerage for Loss Making Trades||No|
List of LKP Securities Offers:
- Free Trading Account Opening
- Lifetime Free Trading Account without any AMC
- Minimal amount towards Demat Account AMC
- Discounted & Customizable brokerage offers available
- Immediate trading facility
- Exciting Referral Bonus
- Online & Offline Trade options
- Trading Exposure upto 4X
With LKP Securities, you can surely open your Trading Account free of charge, but the Demat Account maintenance is Rs. 250 per annum. It offers a brokerage slab for each of the segments, but it also has discounted brokerage offers for traders who want to customize it as per their needs.
Hence LKP Securities offers flexible brokerage benefits to all its customers. LKP also has a Referral scheme wherein one can refer his family and friends to join in LKP securities and trade and in turn, the person who has referred gets some referral bonanza from LKP.
How to Open a Demat Account with LKP Securities?
- To open up a Demat Account with LKP Securities, you would need to visit the nearest branch and fill up the Demat Account opening form
- Enter all your details accurately kike Name, Date of Birth, Address, Contact details etc
- Sumbit your KYC documents like PAN and Adhar Card, Address Proof, Age Proof, one Identity proof and photograph
- Once you have successfully submitted all your documents online, someone from the LKP Sales team will contact you to fix an IVP (In-person verification). Most companies also do the IVP through a webcam or Video Call, however if that option is not available, you will be asked to visit the nearest branch for an IVP
- Once the IVP is done, LKP Securities would get your Demat Account started within 24 hrs.
Why Open LKP Securities Trading Account?
A trading account is important to be able to Trade using your shares. The Demat Account will only hold your shares safe, but you will need a Trading account to trade.
LKP offers excellent Trading platforms to trade, hence making the overall experience hassle free and easy. The LKP Trading account allows you to trade in all segments at one go be it Equity, Commodity or Currency.
LKP offers strong and in-depth research and analysis about the market trending, which gives you an upper hand than other competitors.
Get a Call back from LKP Securities
LKP Securities Products & Services
List of Products and services offered by LKP Securities to its clients:
LKP Securities Products:
LKP Securities’ major offerings to its customers is into Equity trading. This is the largest portfolio in which it has most of its customer base and it also offers assistance from all corners for them.
LKP would help you in research and analytics basis past historical data and current trends to ensure you make the best decisions. The trading platforms are hassle free and user friendly enabling better trading experience.
List of Products offered by LKP Securities are:
- Equity Trading
- Options Trading
- Futures Trading
- Mutual Funds
Equities & Derivatives are LKP’s largest investment services. They also offer a wide range of Mutual fund benefits to customers. Since LKP Securities is itself an AMFI registered Mutual fund distributor, its penetration and specialized services in this domain is also extensive.
Under Mutual Funds there are options of
- Tax Saving funds,
- ELSS funds,
- Growth funds
- Dividend funds
LKP also has IPO services for Retail, High Net worth customers and Corporates. Product offerings under IPO are:
- Corporate Fixed Deposits
- NCDs (Non-convertible Debentures)
- Tax Free Bonds
- Capital Gain Bonds
- SME Issues
- GOI 8% Savings Taxable Bonds
LKP Securities also offers a platter full of Insurance Advisory services to its clients:
- Life Insurance
- Non-life Insurance / General Insurance
- Health Insurance
- Motor Insurance
- Travel Insurance
- Asset Insurance
LKP Securities Broking Services:
|3 in 1 Acount||No|
|Trading Exposure||Upto 40x|
LKP Securities provides an array of services:
- Demat Account
- Trading Account
- Intraday Trading Services
- IPO Service
- Stock Broking Recommendations / Suggestions
- AI powered Robo Advisory
- Trading Exposure of upto 40X
LKP Securities is a highly professional broker and offers professional high-end services to its customers. It offers specialized portfolio management and advisory services to HNI, Retail and Corporate customers.
After a lot of research and analysis, it has put together robust operating systems for each of its offerings be it IPO services, Mutual funds, Equity or Insurance services.
The three pillars of LKP Securities are Research, Technology and Trust. The seasoned and experienced team of researchers are constantly looking at deriving at better trading techniques to manager the risk of our customers.
The high-end state-of-the-art trading platforms talk for themselves on what level of expertise is instilled in them to deliver a fool proof trading. Above all, the Trust that LKP has built over the years with its customers is here to stay and one of the strongest reason why the company is reaching pinnacles of success with every passing year.
|Angel Broking||HDFC Securities||Indiabulls Ventures||Just Trade|
|IDBI Direct||GCL Securities||Arihant Capital||Religare Securities|
LKP Securities Research, Advisory and Stock Tips
|Research, Advisory & Stock Tips|
|Company Stock Review||Yes|
|Free Stock Tips||Yes|
|Daily Market Review||Yes|
LKP Securities is well known for the amount of investment it has done for its strong Research team which culls out data from all aspects of trading and brings out correct analysis for its customers.
The amount of reports published and presented give you an insight of how meticulously they work on statistics and historical trends.
From Research reports to Annual reports; from Daily Market review to Free stock tips; you get them all with LKP. You also get a dedicated Relationship manager helping you to manage your funds effectively and trade wisely.
All these reports, researches, live market instances are available at My LKP, which is a universal platform and login desk for all your trading needs.
LKP Securities Exposure and Leverage
|Exposure or Leverage|
|Equity Delivery||Upto 3x|
|Equity Intraday||Upto 5x|
|Equity Futures||Upto 8x|
|Equity Options||Upto 8x|
|Currency Futures||Upto 5x|
|Currency Options||Upto 5x|
LKP Securities provides upto 40X exposure to their clients. Exposure depends on other factors like:
- Tenure of the client (Old clients get high leverage)
- Quantum of trading every month (clients who trade frequently or High Value clients would certainly get higher exposure)
- Overall portfolio of the client (High networth client would get higher exposure and leverage)
- It also depends on the segment in which they are trading (equity, commodity, derivatives or currency)
LKP Securities Trading platforms
Below mentioned are the list of their Trading Platform features:
|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|
|Online MF Buy||Yes|
|Multi Account Management||Yes|
LKP Securities Mobile App – [email protected]
LKP securities has developed a user friendly and smart trading tool [email protected] for its traders to leverage from. This tool can be accessible with any device – laptop, computer or mobile.
Hence you can be on the go, anytime and anywhere. It is also available on Google Play Store and can be downloaded as an app on your phone. It is Android compatible and can be downloaded and used in any Android phone.
[email protected] has many features inbuilt like Market Overview, Trading, Funds Payout, Calculators, Notifications etc.
You can check your account balance from here, keep track of closed orders, pending orders, keep a close eye on market fluctuations, checks analysts’ reports etc all from this pocket friendly tool.
From Demat Account Opening to end-to-end trading, everything can be done without even getting up from your chair.
Such is the power of such robust Tools, they allow us to control the world around us without even moving an inch.
The best part is that LKP’s Trading platform is compatible to all current versions of smart phones and electronic devices i.e. Android, IOS, MAC, Windows etc. This trading platform offers various options in the same compact version:
- Real time updates
- Portfolio Details
- Stock Tips
- Interactive Charts
- SMS alerts
- Online Mutual fund buying option
- News Flash and updates
- Research reports
- Global Indices
- Personalized advisory
- Live Market Updates
- Email Alerts
- Multi Account Management option
LKP Securities Customer Support
|24*7 Support||No (8:30am – 6:30pm)|
|Toll Free Number||No|
LKP Securities extends various customer service options to its customers. You can call on the customer service number between 8:30am to 6:30pm from Monday to Friday and get resolution for all your problems.
Apart from this, customers have dedicated Relationship Manager at their service to help them whenever they are stuck or need any support.
You can also drop in an email on their customer services email id for any assistance required. LKP has more than 180 branches all across the country, hence if anyone wants to visit any branch for quick resolution, which can also be done.
LKP Securities Complaints and Feedback
Here is the list of all complaints raised at both the exchanges.
|Complaints & Feedback|
|Lodged in BSE||128|
|Resolved in BSE||128|
|Lodged in NSE||196|
|Resolved in NSE||196|
The LKP Securities team is constantly talking to customers and trying to understand what can be done to improvise their services.
LKP Securities Advantages and Disadvantages
Below mentioned is the list of pros and cons of LKP Securities:
- Presence in many cities
- Great offers on brokerage and customizable brokerage options
- User Friendly trading tools and platforms
- Online / Offline Transaction facility
- Strong governance over Mutual funds and offerings
- Flexible Exposure and leverage policies
- Strong Research and analytics capability
- Trading platform being accessible in all devices is also an advantage
- Dedicated Relationship manager for larger portfolios
- Minimum brokerage charges are applicable
- Brokerage calculator unavailable online
- Online Demat account and trading account opening should also be an option
LKP Securities Conclusion:
LKP securities has been able to successfully acquire and retain over 1,00,000 customers who trade who them on a regular basis. The annual turnover with respect to its Retail and Institutional broking has been around Rs.1329 billion in the year 2013 and Rs. 1645 billion in the year 2014.
LKP has a strong reach and penetration across the country as it has more than 2300+ branches / outlets all over India. It has more than 25 self branches in approx. 200 cities.
The investment that they have made in their Technology and trading platforms has also paid off very well as users find it very user friendly and easy to use. The research and analytics offerings is also a USP for the company as it is not something that every stock broker would provide to its customers.
Their flexible brokerage plans and leverage benefits are also very helpful for traders. The platform and tools are high-end and very Innovatively created. Their product range is exhaustive and elaborate from Equity to derivatives, from Mutual funds to IPO and Insurances too. It is definitely a cutting edge as compared to other providers.
Moreover they are a rapidly growing company and adapting newer and faster methods of providing better experiences to traders. Hence it would be a good option to get associated with LKP Securities and enjoy all services in one peripheral.
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Open Demat Account with LKP Securities