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 Customer Ratings & Review
|Products & Services||3.4/5|
|Brokerage Charges & Fees||3.3/5|
|Stock Research & Advisory||2.6/5|
|Total Client Reviews||152|
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
|Broker Type||Full Service Broker|
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.
Open Demat Account with Marfatia Stock Broking
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 Trading||0.29%|
|Equity Intraday Trading||0.03%|
|Commodity Options Trading||NA|
|Equity Futures Trading||0.03%|
|Equity Options Trading||Rs.29 per Lot|
|Currency Futures Trading||0.03%|
|Currency Options Trading||Rs.19 per Lot|
|Minimum Brokerage||Percentage of Transaction|
|Demat AMC Charges||Rs.400 per Annum|
|Trading AMC Charges||Rs.250 per Annum|
|Margin Money||Zero Margin|
|Brokerage Calculator||Marfatia 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
|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)|
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 Source||CDSL & NSDL|
|Account Opening Charges||Free|
|Demat AMC Charges||Rs.400 per Annum|
|Trading AMC Charges||Rs.250 per Annum|
|Margin Money||Zero Margin|
|Offline to Online||Yes|
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 Account||Yes|
|Free Trading Account||No|
|Discount on Brokerage||Yes|
|Trading Happy Hours||No|
|Flexible Brokerage Plans||Yes|
|1 Month Brokerage Free||No|
|Zero Brokerage for Loss Making Trades||No|
- 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
Marfatia Stock Broking Products & Services
Mentioned here below is the list of Products & Services offered by Marfatia Stock Broking
Products Offered by Marfatia Stock
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
|3 in 1 Account||No|
|Trading Exposure||Upto 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
|Company Stock Review||Yes|
|Free Stock Tips||Yes|
|Daily Market Review||Yes|
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 Delivery||Upto 3X|
|Equity Intraday||Upto 6X|
|Equity Futures||Upto 3X|
|Equity Options||Upto 4X|
|Currency Futures||Upto 2X|
|Currency Options||Upto 3X|
|Margin Calculator||Marfatia 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 – Windows||Yes|
|Desktop Platform – Mac||Yes|
|Desktop Browser Platform||Yes|
|Mobile Site Platform||Yes|
|Android App Platform||Yes|
|iOS App Platform||Yes|
|Windows App Platform||No|
|Other Mobile OS Platform||No|
|Real time Updates||Yes|
|Online MF Buy||No|
|Multi Account Management||No|
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
|Toll Free Number||No|
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 BSE||0|
|Resolved in BSE||0|
|Lodged in NSE||2|
|Resolved in NSE||2|
|Percentage of No. of Complaints Received Against Number of Active Clients||0.01|
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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