Marfatia Stock Broking Review, Brokerage Charges, Demat Account & more

Marfatia Stock Broking is one of the leading financial services providers that have a pan-India presence.

The Products and Services of this broking firm includes institutional and retail brokerage of equity, commodity, currency, derivatives, IPOs and mutual funds distribution, portfolio management, insurance broking, margin funding and research.

This Financial Advisory Firm of Gujarat is in the business of share broking since more than 20 years. They have facilities of trading in BSE/NSE/Future Options/MCX/Currency and NCDEX.

Let us have an understanding of the detailed review of Marfatia Stock Broking with all its aspects and detailed analysis of each of them

Marfatia Stock Broking offers

Marfatia Stock Customer Ratings & Review

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 Reviews152

The above results clearly illustrates that Marfatia Stock Broking have done a marvellous job. Their ratings are above 2.4/5 in all the categories. It is indeed a big accomplishment.

Their performance is speaking for them. You can be rest assured that this broker will definitely be of help to you in sparkling up the deals smartly with your investments.

About Marfatia Stock Broking

Company TypePublic
Broker TypeFull Service Broker
HeadquartersVadodara, Gujarat
FounderNishil Marfatia
Established Year2002

Marfatia Stock

The foundation of this Public Limited Company was laid by Mr. Nishil Marfatia in the year 2002. The headquarters of this Full Service Broker is in Vadodara, Gujarat.

The broking house specialized in  Intraday Trading Services & has good client base for the same.

They are growing at a very fast rate & are innovating by getting into multiple technologies.

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Marfatia Stock Broking Brokerage Charges

Marfatia Stock Broking is a very apparent name among the brokers. Their brokerage charges are kind of suitably affordable for one and for all.

Here below are the details of the Brokerage charges.

Equity Delivery Trading0.29%
Equity Intraday Trading0.03%
Commodity Options TradingNA
Equity Futures Trading0.03%
Equity Options TradingRs.29 per Lot
Currency Futures Trading0.03%
Currency Options TradingRs.19 per Lot
Minimum BrokeragePercentage of Transaction
Demat AMC ChargesRs.400 per Annum
Trading AMC ChargesRs.250 per Annum
Margin MoneyZero Margin
Brokerage CalculatorMarfatia Stock Broking Brokerage Calculator

The brokerage charges is one of the crucial factor in determining whether you would like to trade with one broker or not. Here with Marfatia Stock Broking you can find brokerage charges with are quite affordable.

They charge very reasonably and as compared to the industry peers, they have an average brokerage rates for their products.

The charges as you can see above is 0.29% for the equity delivery segment which is an average rate and then 0.03% for the major segments like cash or intraday, equity futures and currency futures.

For the options they charges on a basis of per lot where Rs. 29 you have to pay if you trade the equity options and Rs. 19 for the currency options.

Marfatia Stock Other Charges

Transaction Charges0.00275%
STT0.0126% of Total Turnover
SEBI Turnover Charges0.0002% of Total Turnover
Stamp DutyDepends on State (very minimal)
GST18% of (Brokerage + Transaction Charges)

The government has imposed a few set of charges that are compulsorily required to be paid at the time of making any transaction.

These fixed charges include – STT, SEBI Turnover, Stamp Duty and GST. A fixed percentage is allotted by the government to each of these charges in their guidelines.

You will have to pay 0.00275% as the Transaction charge to this Broker.

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Marfatia Stock Broking Demat Account Opening Fees

Depository SourceCDSL & NSDL
Account Opening ChargesFree
Demat AMC ChargesRs.400 per Annum
Trading AMC ChargesRs.250 per Annum
Margin MoneyZero Margin
Offline to OnlineYes

One can opedn Demat and trading account with Marfatia Stock Broking for free.

A Trading Account can be maintained by paying Rs.250 per Annum and a Demat Account with Marfatia Stock Broking can be retained by paying Rs.400 per Annum. Zero is the value of the Margin Money that needs to be paid to this broker.

The charges towards opening the account is nil and that is quite a benefit for the users. However, they charge a high annual maintenance charges as you can see if you combine both the annual maintenance charges.

Marfatia Stock Offers

Free Demat AccountYes
Free Trading AccountNo
Discount on BrokerageYes
Trading Happy HoursNo
Flexible Brokerage PlansYes
1 Month Brokerage FreeNo
Holiday OffersNo
Referral OffersNo
Zero Brokerage for Loss Making TradesNo
  • This broker grants the facility of opening a free Demat Account to their investors.
  • The clients can also avail the benefits of Discount on Brokerage
  • You can get Flexible Brokerage Plans from this Full Service Broker.

How to Open a Demat Account with Marfatia Stock?

In order to open a Demat Account with Marfatia Stock Broking you can visit their nearest branch office or else make an online requisition by filling Form available online for opening Marfatia Stock Broking Demat account.

For opening your Demat account online you have to –

  • Just fill up the form online by clicking on “Open Demat Account” button.
  • Fill the form with your details like name, mobile no. & city which are required to be filled according to the form.
  • The next step is to upload the documents they ask for like PAN, voter ID, AADHAAR and others to verify your profile.
  • You can expect to get a call within few hours of uploading all the documents along with the application form from the team of Marfatia Stock Broking
  • Once they verify everything and your application gets a thumbs up you can expect to have the login details to your account within 2-3 hours.

Why Open Marfatia Stock Trading Account?

Marfatia Stock Broking has ample of reasons to show you to trade with them and some of the major reasons are –

  • They provide Free Commodity Account, Trading Account and Demat Account.
  • This broker has excellent Margin funding facility.
  • They provide both Online and Offline trading platforms for smooth trading.
  • Their Research Team helps you to yield Excellent Returns.
  • This broker is known for offering fastest Account opening procedures with flexible brokerage charges.
  • Their trading platforms are quite dynamic and have many features that helps in smooth trading experience.

Get a Call back from Marfatia Stock

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Marfatia Stock Broking Products & Services

Mentioned here below is the list of Products & Services offered by Marfatia Stock Broking

Products Offered by Marfatia Stock

Equity TradingYes
Commodity TradingNo
Currency TradingYes
Mutual FundsNo

With Marfatia Stock Broking you can trade equities which are regular stock broker product along with currencies, and options and futures.

They do only provide these stock market products only. They do not deal in any other kind of investments like mutual funds, or forex or SIP and others.

So, if you are looking for only trading in basic stock market products this broker is right choice for you.

Marfatia Stock Service Offerings

Demat ServicesYes
Trading ServicesYes
3 in 1 AccountNo
Intraday ServicesYes
IPO ServicesYes
Stock RecommendationsNo
Robo AdvisoryNo
Trading InstitutionYes
Trading ExposureUpto 6X

The service provided by Marfatia Stock Broking enables you to trade and keep your stocks in electronic format with their Demat services which they provide in association with the NSDL and CDSL both.

They have intraday services which enables you to trade on daily basis without taking delivery of your positions.

The IPO services is also provided by the broker for the investors who are keep on investing in the upcoming companies in the market.

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Marfatia Stock Research, Advisory and 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

The research and advisory team of Marfatia Stock Broking can be tagged as excellent as you can see they share all kind of reports that are circulated in the market by any stock broker firm.

However, most of the stock brokers supplies a few of them but this broker has gone out all to serve the investors with each and every reports and research work and thus the investors can get a complete hold on the market by referring to this reports.

The research services includes fundamental analysis to the daily stock picks, what else can an investor ask for? So, if you are keep into investing by studying the market then this broker is just so perfect for you.

They also provide relationship manager services for them who wants it along with offline advisory.

Marfatia Stock Broking Exposure or Leverage

Equity DeliveryUpto 3X
Equity IntradayUpto 6X
Equity FuturesUpto 3X
Equity OptionsUpto 4X
Currency FuturesUpto 2X
Currency OptionsUpto 3X
CommoditiesUpto 2X
Margin CalculatorMarfatia Stock Broking Margin Calculator

Marfatia Stock Broking has up to 6 times leverage for the intraday section while the level of leverage goes down to 4 times for the equity options segment and for the equity delivery and currency options the exposure you can expect is 3 time at the maximum.

For the rest it is 2 times. As per the market, the exposure level is average and not high which entails that investors with low capital might face a dilemma in trading with this broker.

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Marfatia Stock Trading Platforms

Get each and every single detail about the different types of trading platforms offered by Marfatia Stock Broking to its consumers from the table below

Desktop Platform – WindowsYes
Desktop Platform – MacYes
Desktop Browser PlatformYes
Mobile Site PlatformYes
Android App PlatformYes
iOS App PlatformYes
Windows App PlatformNo
Other Mobile OS PlatformNo
Real time UpdatesYes
Portfolio DetailsYes
Online MF BuyNo
News FlashYes
Research ReportsYes
Easy InstallationYes
Global IndicesYes
Stock TipsYes
Personalized AdvisoryNo
Interactive ChartsYes
Live MarketsYes
SMS AlertsYes
Email AlertsYes
Multi Account ManagementNo

Marfatia Stock Broking Trading Terminal

The trading process is quite a lot dependent on the platform you are using apart from the analysis and knowledge which has to be put behind it.

So, it is important to choose a platform like Marfatia Stock Broking trading terminal which has –

  • Exceptional trading speed and accuracy
  • Different orders types and you can cancel at any time
  • Market watch with any number of scrips and it is fully customization.
  • Real time data
  • Indicators for analysis on the technical charts

Marfatia Stock Broking Web-based Trading Platform

The platform is available for both desktop and mobile browsers. You can avail –

  • Steady and smooth trading experience
  • Technical charts to analyse the market and the stock you are trading
  • Portfolio you can set to market watch
  • News flash and real time updates
  • Live Market

Marfatia Stock Broking Mobile Trading App

This trading platform is like any other application you have on your smartphone. You can download it and use it when you want to trade using your mobile. The features is enlists are –

  • Technical indicators and charts
  • SMS and Email alerts
  • Smooth and quick trading with various order types
  • Global indices for market tracking

Marfatia Stock Customer Care

This broking company is offering the following networks of communications to its users

Dedicated DealerYes
Offline TradingYes
Online TradingYes
24*7 SupportNo
Email SupportYes
Chat SupportNo
Toll Free NumberNo

Get the support of a Dedicated Dealer along with Offline and Online Trading facilities from this broker. This company also gives the provision to write email on their customer services email id for any help required.

You will get to see 20 branches of Marfatia Stock Broking that are spread in major parts of the country.

Marfatia Stock Broking Complaints and Feedback

On occasions a couple of complaints are raised against Marfatia Stock Broking. The list of these complaints is here in the table below

Lodged in BSE0
Resolved in BSE0
Lodged in NSE2
Resolved in NSE2
Percentage of No. of Complaints Received Against Number of Active Clients0.01

In the year 2018-19 zero complaints were lodged against Marfatia Stock Broking in BSE. But 2 complaints were lodged against them in NSE and the same got resolved with immediate effect.

Marfatia Stock Disadvantages

The varius cons of the stock broker are –

  • There is no three-in-one account
  • There are no trading products like mutual funds or SIP

Marfatia Stock Broking Conclusion

Marfatia Stock Broking has crafted a niche for them in the market. They aim to provide innovative solutions to the clients.

This vibrant company has a professional supporting and knowledgeable team of proficient and dedicated executives who strive hard to provide the best services to their customers.

Get your investments to taste the buds of success with the help of the through professional team of Marfatia Stock Broking.

Open Demat Account with Marfatia Stock

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