fbpx

LKP Securities Review, Brokerage Charges, Demat Account & more

LKP Securities Limited is a renowned name in the financial services industry and has a legacy dating back to 1948, that’s when this financial giant started its operations.

In the last 7 decades, this company has been able to prove itself time and again to its investors and market experts about its credibility and sturdy nature.

In this article today, we will dissect deep into this market leader’s portfolio and try and reason out if all the claims made by them are actually worth entrusting;

We will look at the products and services offered by them, the versatility in their brokerage rates, the various charges and taxes levied by them and also the trading platforms that they are providing and how beneficial they are.

LKP Securities Offers


LKP Securities Customer Review & Ratings

Customer Ratings
Experience5.4/10
Products & Services5.3/10
Brokerage Charges & Fees6.4/10
Stock Research & Advisory5.2/10
Trading Platforms4.2/10
Overall Ratings5.1/10
Star Ratings★★★☆☆
Total Client Reviews226

About LKP Securities

Overview
Company TypePublic
Broker TypeFull Service Broker
HeadquartersMumbai, Maharashtra
FounderPratik M Doshi
Established Year1948

LKP Securities

LKP Securities is a ISO-9002 certified company which came into existence in the year 1948 by its founder Mr. Pratik M Doshi in Mumbai, Maharashtra.

It is Headquartered in Nariman Point, Mumbai and has over 19 branches all across the country plus 9 regional offices as well. LKP Securities has been famously known as a “customer first” oriented company.

Its policies and procedures are all based on the adaptability and benefit for their customers. The company is registered with BSE & NSE for equity trade; MCX, NCDX and DGCX for Commodity exchanges and it is also a member of MCX and SX for Currency trade.

In addition to that, it is also an AMFI registered member with the All India Mutual Funds Distributors to provide Mutual Fund services to its customers. In a nutshell, this company brings for you a platter of financial services at affordable rates and viable solutions.

Apart from this, the company also provides customized advisory services, investment and portfolio management services and also special guidance and assistance for new-timers in the trading zone.

Cumulatively, LKP Securities comes across as a financial giant who offers diverse services to its customers who wish to invest and expand in the financial services industry.


Open Demat Account with LKP Securities

Fill Your Details Here
  1. Open Demat Account

LKP Securities Brokerage Charges

Equity Delivery Trading0.1% – 0.5%
Equity Intraday Trading0.01% – 0.05%
Commodity Options TradingRs. 50 per Lot
Equity Futures Trading0.01% – 0.05%
Equity Options TradingRs. 50 per Lot both side
Currency Futures TradingRs.30 per Lot
Currency Options TradingRs.30 per Lot
Minimum BrokerageCustomizable
Demat  A/C AMC ChargesRs 250 per Annum
Trading A/C AMC ChargesFree
Margin MoneyMinimum 5,000

In the above chart, we have mentioned the detailed list of brokerage charges that LKP Securities charges its customers so that you get a clear indication of what you are getting into.

They charge as low as 0.1-0.5% for Equity Delivery Trading & 0.01 -0.05% if that is Intraday. For Commodity Options and Equity Futures, they charge 0.01% – 0.05% and if it is Equity options, then they would charge Rs. 50 per Lot.

For a currency trading, the standard charge is Rs. 30 for a Lot irrespective if it is Futures or Options. The Demat Account Maintenance has a charge of Rs. 250/- per year whereas the trading account maintenance if Free for the lifetime.

To start trading with LKP Securities one has to deposit a minimum Margin amount of Rs. 5,000/-. By the look of this above chart, their brokerage charges are pretty well explained, however you can always refer to their Brokerage Calculator in case of any queries.

The company’s website and the trading portal have an inbuilt Brokerage Calculator which can calculate for you the exact brokerage amount for your trade.


Find Brokerage Charges of other Brokers

SharekhanEdelweissIndiabulls VenturesKotak Securities
Angel BrokingHDFC SecuritiesIndia Indoline / IIFLMotilal Oswal
Axis DirectICICI DirectKarvyUpstox

LKP Securities Other Charges

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

The above table of contents clearly illustrates the various other charges levied by LKP Securities during your trading transactions. Some of them are standard taxes and charges imposed by the government or central governing bodies while some are internal LKP charges. Let’s look at them in detail:

There is a 0.00325% charge of the Total Turnover done which is charged as the Transaction charge; a 0.0002% o your total turnover value is charged as the SEBI Turnover charges and a 0.0126% of the Total Turnover value is charged as the Securities Transaction Tax.

Apart from these charges, 18% of the Brokerage and Transaction charge is charged as the GST and the Stamp Duty is also added which is dependent on the state where the transaction is been done. These are standard charges that LKP Securities will charge you during each transaction.


LKP Securities Demat Account Opening Fees

Demat Account Opening Fees
Depository SourceCDSL
Account Opening ChargesZero
Demat AMC ChargesRs.250 per Annum
Trading AMC ChargesFree
Margin MoneyMinimum Rs.5,000
Offline to OnlineYes

LKP Securities has been an integral member of the Broking society and has enrolled numerous Sub brokers and clients on its network.

With its open entry approach, it invites participation from all corners of the country into its Broking system; infact one can just get started with LKP Securities by opening  up a Demat & a Trading Account with them.

The Trading & the Demat Account Opening is free of charge, as in there are no charges involved. You can register online on their portal also and get started;

however there is an Annual Maintenance charge that one has to bare for the Demat Account which is a nominal Rs. 250/- per annum.

On the other side, there is no AMC charge for a Trading account with LKP. The minimum Margin Amount or Security deposit that one has to invest in the beginning is also very minimal, barely Rs. 10,000 would be taken as a one-time deposit.


LKP Securities Offers

Offers
Free Demat AccountNO
Free Trading AccountYes
Discount on BrokerageYes
Trading Happy HoursNo
Flexible Brokerage PlansYes
1 Month Brokerage FreeNo
Holiday OffersYes
Referral OffersYes
Zero Brokerage for Loss Making TradesNo

The above table has also been prepared for a clear illustration of the various offers that LKP Securities provides to its customers; this would give a clear snapshot for first-timers as well as regular customers on what they have in store with LKP securities.

The company packages some interesting and customer friendly offers for you like Free Trading Account, several discounts on Brokerage, Holiday Offers and Referral offers as well.

They also have flexible brokerage plans for regular and heavy traders where the brokerage could be customized as per their trading patterns and amounts.


To know about offers of other stock brokers check below

Dealmoney SecuritiesFarsight SecuritiesGEPL CapitalHEM Securities
Elite WealthFast Capital MarketsGlobe CapitalHSE Securities
Emkay GlobalFindoc InvestmartGogia CapitalIFCI Financial

How to Open a Demat Account with LKP Securities?

Over the years, LKP Securities has been attracting many customers for the high service broking experience it provides and the efficient trading portals that enable smooth trading.

Anyone and everyone can join in as a trader and start trading with LKP Securities; rather you can also join hands as a Business Associate and partner with their services. Opening an account with LKP Securities is fairly simple:

  1. On the Homepage of LKP Securities, click on My LKP and it will direct you to a new page which states “LKPOnline”
  2. On this page, click on the “Open an Account with us” Tab and it will take you to anew page which will primarily be your account opening form.
  3. Read the Account Opening form carefully and fill in all the required details like your Full Name, Contact details, Residential Address, Email Id, Office address, PAN no, Adhar No etc.
  4. Once you have entered all the details in the form, do a sanity check as well to ensure they are accurate.
  5. After you have filled up all details, you also need to upload all your KYC docs like PAN Card, Adhar Card, Age proof and photograph.
  6. Post the upload, you will receive an acknowledgment for the same and you will also receive a call from an authorized person from the LKP Securities office. They would need to validate all the information given by you.
  7. Once the verification process is done you will received you Trading & Demat Account within 24-48 hours.

Why Open LKP Securities Trading Account?

Having a Trading Account and a Demat Account in order to trade in Stocks and shares is a mandate as per the Government of India regulatory.

You cannot trade in shares unless you have a Demat account to store your shares and a Trading Account to deal with the transactions.

Hence, that’s the first thing you need to do before starting any trade. However chosing to have a Trading account with LKP Securities is by itself a merit for every trader. Some of the reasons why you would chose LKP are:

  • The seven decade experience itself talks volumes about their stability and performance in the industry. Being a market player and that too a seasoned one is not something you will get as an advantage with many other brokers.
  • Their inclination towards Technology driven secured systems, clear and transparent processes and highly adaptable Risk management strategies build that strong portfolio of LKP Securities
  • The three strong Pillars of LKP – Technology, Research & Trust build the entire foundation of this financial giant.

Get a Call back from LKP Securities

Fill Your Details Here
  1. Open Demat Account

LKP Securities Products & Services

List of Products and services offered by LKP Securities to its clients:

LKP Securities Products:

Products:
Equity TradingYes
Commodity TradingYes
Currency TradingYes
OptionsYes
FuturesYes
Mutual FundsYes
ForexNO
BankingNo
SIPYes
InsuranceYes

If you have a look at the table above, it clearly indicates that LKP Securities deals with all major Products which need to be present under a Financial services company’s umbrella of offerings.

Ranging from Equity Trading to Commodity Trading, from Currency trading to Options & Futures as well and from Mutual Funds to SIP & Insurance services as well; the company has it all.

If you become a Broker with LKP, You could actually be a one-stop-shop solution provider for all your customers. And if you join as a trader yourself, you will never need to look outside of LKP for any of your financial needs.

LKP Securities Broking Services:

 Services:
Demat ServicesYes
Trading ServicesYes
3 in 1 AcountNo
Intraday ServicesYes
IPO ServicesYes
Stock RecommendationsYes
Robo AdvisoryYes
PMSYes
Trading InstitutionNo
Trading ExposureUpto 5X

Being a Full Service Broker, LKP Securities offers all sorts of Services to its customers pertaining to trading and effective trading.

The list is exhaustive but they offer all services like Demat and Trading Account services, Intraday & IPO Services, Stock recommendations which can be useful for new entrants and also Portfolio Management Services wherein they would manage your entire portfolio and guide you to invest in the right shares at the right time.

Over and above that, they provide an exposure of upto 5 times more than the expected trade amount.


LKP Securities Research, Advisory and Stock Tips

Research, Advisory & Stock Tips
Fundamental ReportsYes
Research ReportsYes
Company ReportsYes
Annual ReportsYes
Company Stock ReviewYes
Free Stock TipsYes
IPO ReportsYes
Top PicksYes
Daily Market ReviewYes
Monthly ReportsYes
Weekly ReportsYes
Offline AdvisoryYes
Relationship ManagerYes

LKP Securities has a robust Research and Analysis team deployed 24*7 to assist customers and guide them for correct investments.

The team shares a number of reports with the customers on timely intervals so as to enhance their knowledge about the Stock broking industry and provide insights to strengthen their portfolio.

They share reports like Fundamental Reports, Research reports, Company reports and annual reports as well which give a complete synopsis of a particular company’s growth path.

They also share Free Stock tips and Top picks, IPO reports and Daily market reviews as well. These reports are shared on a monthly, weekly and daily basis as well.

Moreover, they also deploy a dedicated Relationship Manager who will handle your portfolio and guide you time and again for better profits


LKP Securities Exposure and Leverage

Exposure or Leverage
Equity DeliveryUpto 2X
Equity IntradayUpto 5X
Equity FuturesUpto 2X
Equity OptionsUpto 5X
Currency FuturesUpto 3X
Currency OptionsUpto 4X
CommoditiesUpto 3X

LKP Securities offers lots of leverage and exposure to its customers to enable smooth trading transactions and complete transparency.

It offers upto 2 times leverage than the average exposure in Equity Delivery & Futures, upto 5 times leverage in Equity Intraday & Equity Options; with respect to Currency trading, it offers upto 3 times leverage in Currency Futures  & 4 times in Currency Options, whereas in Commodities, it offers upto 3 times the leverage than an average exposure should be.


Find Exposure or Margin of other Stock Brokers

Escorts SecuritiesFinvasiaGoldmine StocksIndbank Online
Eureka SecuritiesFortune TradingGoodwill WealthIndia Advantage
Exclusive SecuritiesFRR SharesGreenbucks SecuritiesIndianivesh Securities

LKP Securities Trading platforms

Below mentioned are the list of their Trading Platform features:

Trading Platforms
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 BuyYes
News FlashYes
Research ReportsYes
Easy InstallationYes
Global IndicesYes
Stock TipsYes
Personalized AdvisoryNo
Interactive ChartsYes
Live MarketsYes
SMS AlertsNo
Email AlertsYes
Multi Account ManagementNo

LKP Securities Web Trading Platform – TradeSmart @LKP Blue

LKP Securities has an online Web trading platform by the name of TradeSmart @LKP BLUE which helps you to trade online seamlessly without any hassle.

You just need to download the software on your desktop or laptop and login once; you will get all realtime updates and markets news proactively on this software. A number of activities can be carried out using this Online trading platform, some of them are:

  • Receiving regular market updates and news about the highest and the lowest stock rates
  • Research reports and analysis on the reports on which segment to invest and when
  • Your current portfolio details including last spend, total stocks purchased, current value of the stocks, tips on buying or selling to increase portfolio etc.
  • Payment trends and records of inward and outward payments from your portfolio
  • Interactive charts with specific information about specific charts, global trends, industry trends and their movement
  • Various advanced tools are integrated in the software through which you can customize reports and information as per your choice and view the trends of the market for indepth analysis.

LKP Securities Mobile Trading App: [email protected]+

[email protected]+ is the Mobile trading app that LKP Securities has provided its customers. This one is specially designed for Android users and can be accessed on the go from anywhere. The mobile app has certain features:

  • It has the capability of navigating within multiple exchanges and indices seamlessly
  • Live market updates and analytics is provided to customers through this app
  • You can keep a tab of your trades and purchases on a real time basis.

LKP Securities Customer Support

Customer Support
Dedicated DealerYes
Offline TradingYes
Online TradingYes
24*7 SupportNo (8:30am – 6:30pm)
Support NumberNA
Email SupportYes
Chat SupportYes
Toll Free NumberNo
Branches180

LKP securities have a total of 18 branches across the country to assist the customers in times of need while trading. They also have dedicated dealers who look into day-to-day operations and have direct contact with customers for their training needs.

Apart from Online Trading to enable seamless trading transactions, LKP has also left the window open for Offline trading services as well such that if anyone wants to follow the conventional method of trading, they are still open to that.

You can reach out to LKP securities directly via email support & chat support as well wherein the team of advisors will instantly help you deal with your queries.


LKP Securities Complaints and Feedback

Here is the list of all complaints raised at both the exchanges.

Complaints & Feedback
Lodged in BSE128
Resolved in BSE128
Lodged in NSE196
Resolved in NSE196

Every trading house will have some satisfied and some dissatisfied customers, but the important point is to ensure that the dissatisfied customers are heard and their issues are resolved.

That’s exactly what LKP believes in. Hence if you were to look at their record of complaints; whatever complaints were lodged, they were all resolved within the stipulated time; which goes to show that the team is very robust in understanding the customer issues and resolving it to their satisfaction.


LKP Securities Disadvantages

Every Broking house and business will have some Pros and Cons as per their customers; LKP Securities also has a few disadvantages if taken feedback from their customers’ perspective. Some of the feedback received is:

  • A few customers feel that their Brokerage charges are higher than some of the other competitors, maybe they should work on providing flexible brokerage
  • Their transaction charges also seem to be bit on the higher side.
  • While the LKP Tradesmart is a great tool, but the absence of a Mobile Trading platform is a big disadvantage considering today’s generation wants to have everything accessible on their mobile.

LKP Securities Conclusion:

 

LKP Securities definitely has come a long way in the last 7 decades and managed to secure a place in the customers’ hearts with their unconventional trading methods, however, if they work a little more towards the customer feedbacks, they can surely top the chart with respect to financial services in India.


Open Demat Account with LKP Securities

Fill Your Details Here
  1. Open Demat Account

Find Reviews of other Stock Brokers

EzwealthFyersGrovalue SecuritiesIndira Securities
Fair IntermediateGanpati SecuritiesGuiness SecuritiesInditrade Capital
Fairwealth SecuritiesGCL SecuritiesHedge EquitiesIndus Portfolio

Most Read Articles

Best Discount Broker in India
Best Full Service Broker in India
Top 10 Stock Broker in India
Best Intraday Trading Brokers in India
Best Demat Account
Brokerage Calculator
Top 10 Sub Broker Partner in India
Sub Broker Franchise
Everything on Trading Platforms

90% Brokerage Discount Offer

 

Get 90% Discount on Brokerage Now! Open Demat Account
×

Share your details & Become Sub Broker Now!

  1. Become Sub Broker

Offer valid for limited time.

×

Share your details & Open Demat A/C Now!

  1. Open Demat Account

Offer valid for limited time.

×

Share your details & Get IPO Allotment Now!

  1. Invest in IPO

Offer valid for limited time.

×

Share your details & Invest in PMS Now!

  1. Invest in PMS

Offer valid for limited time.