MPSE Securities Review, Brokerage Charges, Demat Account & more

MPSE Securities is basically a Public Company that came into existence in the year 2000 and has been serving actively in the field of Indian Demat and Trading industry ever since.

This piece of article will precisely dig deep into the detailed MPSE Securities review including the kind of products and services this firm has to offer.

It will also discuss upon the type of charges they impose on the traders for very specific service offerings, the kind of offers they come across with constantly and occasionally and the effectiveness of the trading platforms they have to offer.


MPSE Securities Customer Ratings & Review

Experience 2.9/5
Products & Services 3.4/5
Brokerage Charges & Fees 3.1/5
Stock Research & Advisory 3.3/5
Trading Platforms 2.9/5
Overall Ratings 3.2/5
Star Ratings ★★★☆☆
Total Client Reviews 146

 


About MPSE Securities

Company Type Public
Broker Type Full Service Broker
Headquarters Indore, MP
Founder Shruti Jain (ED)
Established Year 2000

MPSE Securities MPSE Securities, also known by the name SAFAL Capital (India) Limited is basically an Indore, Madhya Pradesh based Full Service Broker firm was founded by Ms. Shruti Jain in the year 2000.

The firm has been registered with both National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) and has been serving the traders throughout the nation for more than nineteen years.

They boast of having an array of near about hundred and twenty business partners.


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MPSE Securities Brokerage Charges

Equity Delivery Trading 0.2% – 0.5%
Equity Intraday Trading 0.02% – 0.05%
Commodity Options Trading 0.02% – 0.05%
Equity Futures Trading 0.02% – 0.05%
Equity Options Trading Rs.20 – Rs.50 per Lot
Currency Futures Trading 0.02% – 0.05%
Currency Options Trading Rs.10 – Rs.25 per Lot
Minimum Brokerage Percentage of Transaction
Demat AMC Charges Free
Trading AMC Charges Free
Margin Money Minimum Rs.10,000
Brokerage Calculator

As per the listings within the table mentioned above, it can be said that MPSE Securities imposes the most interesting set of brokerage charges as compared to its other counterparts and competitors in the Indian Demat and Trading industry.

They charge 0.2% – 0.5% brokerage charges for Equity Delivery Trading, 0.02% – 0.05% in terms of Brokerage Charge for Equity Intraday Trading, Equity Futures Trading, Commodity Options Trading and Currency Futures Trading.

They also charge Rs. 20 – Rs. 50 per lot on Equity Options Trading and Rs. 10 – Rs. 25 per lot on Currency Options Trading.

Furthermore, they also need their respective traders to maintain a minimum balance of Rs. 10,000 in terms of margin Money for smooth and ceaseless trading.

Nonetheless, they do provide the traders with free annual maintenance for both Demat as well as Trading accounts.


MPSE Securities Other Charges

Transaction Charges 0.00305%
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 above mentioned table describes the charges other than the brokerage charge that MPSE Securities imposes up on its registered traders.

This includes a charge of 0.00305% as Transaction Charge, 0.0126% of the Total Turnover as STT, 0.0002% of the Total Turnover as SEBI Turnover Charge, 18% GST and a varying amount (negligible) as Stamp Duty in accordance to the particular State, where the transaction is being made.


Find Brokerage Charges of other Full Service Brokers – 

Kotak Securities ICICI Direct Sharekhan India Infoline (IIFL)
Ventura Securities Marwadi Group Aditya Birla Money Motilal Oswal

MPSE Securities Demat Account Opening Fees

Depository Source CDSL & NSDL
Account Opening Charges Rs.499
Demat AMC Charges Free
Trading AMC Charges Free
Margin Money Minimum Rs.10,000
Offline to Online Yes

Now, if you take a close look at the table mentioned above, then you will see that opening up a Demat and Trading Account with MPSE Securities is in fact, open to all who wants to trade within the NSE and BSE segments of stocks and other similar products.

You can easily register as a trader with MPSE Securities by submitting an amount of Rs. 499 through either CDSL or NSDL. There is no charge for annual maintenance of a Demat or Trading Account with MPSE Securities.

However, in order to continue enjoying an unhindered Trading experience with them, you must always maintain a minimum balance of Rs. 10,000 as the Margin Money.


MPSE Securities Offers

Free Demat Account Yes
Free Trading Account Yes
Discount on Brokerage No
Trading Happy Hours No
Flexible Brokerage Plans Yes
1 Month Brokerage Free No
Holiday Offers Yes
Referral Offers No
Zero Brokerage for Loss Making Trades No

As must be clear from the aforementioned table, MPSE Securities does lay out offers related to the provision of having a Free Demat and Trading Account, Flexible Brokerage Plans and Holiday Offers.

However, there is no provision for any sort of Discount On Brokerage Charges, Trading Happy Hours, a month worth of free brokerage, Referral Offers or Zero Brokerage Fee for Loss Making Trades.


How to Open a Demat Account with MPSE Securities?

Opening a Demat and Trading Account with MPSE Securities is very easy with us. We have worked really hard to make the entire process hassle free for you.

So, here is all you need to take care of:-

  1. Click on the green button below that states ‘Open Demat Account’.
  2. Read thorough the entire lead form that ppops up after you have clicked on the green button.
  3. Carefully fill up the all the required details that the lead form asks of you.
  4. You must also conclude the KYC procedure.
  5. This will require you to have your Aadhar Card, PAN Card, Age Proof, Identity Proof, Address Proof and one photograph.
  6. Once you get finished uploading all the KYC related documents on to the website, a concerned personnel from MPSE will contact you for further verification.
  7. After the verification is complete, you will authorized to operate your Demat account.

Why Open MPSE Securities Trading Account?

Having a Demat and trading account is absolutely must for anyone who wants to trade independently.

However, there are some other reasons for you to consider opening up a Demat and Trading Account with MPSE Securities:-

  • They have fully functioning network of over three hundred eighty branch offices and franchises spread across thirteen states of India.
  • They provide extensive remote trading options through their plethora of digital trading platforms across every widely used device and operating system.

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MPSE Securities Products & Services

Here are the list of Products & Services provided by the broking house –

Products Offered by MPSE Securities:

Equity Trading Yes
Commodity Trading Yes
Currency Trading Yes
Options Yes
Futures Yes
Mutual Funds Yes
Forex No
Banking No
SIP Yes
Insurance Yes

The above mentioned table enlists all the products as offered by MPSE Securities to all of their registered traders.

The list includes Equity Trading, Commodity Trading, Currency Trading, Options Trading, Futures Trading, Options Trading, Mutual Funds Trading, Systematic Investment Plans and Insurance Plans.

Nevertheless, MPSE Securities does not have a product that caters to either Forex Trading or Banking Services.

MPSE Securities Service Offerings:

Demat Services Yes
Trading Services Yes
3 in 1 Acount No
Intraday Services Yes
IPO Services Yes
Stock Recommendations Yes
Robo Advisory No
PMS No
Trading Institution No
Trading Exposure Upto 10X

Now, when you observe the above mentioned table carefully you will be amazed at the kind of services being extended by MPSE Securities.

You can conclude that they provide extended support related to Demat Services, Trading Services, Intraday Services, IPO Services as well as Stock Recommendations with up to ten times the trading exposure.

However, you must also note that they do not provide any services related to 3 in Account, Robo Advisory, PMS or Trading Institution.


Check Products & Services offered by other Stock Brokers –

Angel Broking HDFC Securities Indiabulls Ventures  Just Trade
IDBI Direct  GCL Securities Arihant Capital Religare Securities

MPSE Securities Research, Advisory and Stock Tips

Fundamental Reports No
Research Reports No
Company Reports No
Annual Reports No
Company Stock Review No
Free Stock Tips Yes
IPO Reports Yes
Top Picks No
Daily Market Review Yes
Monthly Reports Yes
Weekly Reports Yes
Offline Advisory Yes
Relationship Manager Yes

As must be clear from the above mentioned table, MPSE Securities does extend their support in regards to Fee Stock Tips, IPO Reports, Daily Market Review, Monthly Reports, Weekly Reports, Offline Advisory and a dedicated Relationship Manager.

However they do not have any provisions in order for establishing help in relation to Fundamental Reports, Company Reports, Research Reports, Top Picks, Annual Reports or Company Stock Overview.


MPSE Securities Exposure or Leverage

Equity Delivery Upto 2X
Equity Intraday Upto 10X
Equity Futures Upto 2X
Equity Options Upto 4X
Currency Futures Upto 1X
Currency Options Upto 2X
Commodities Upto 5X
Margin Calculator MPSE Securities Brokerage Calculator

Perhaps, this is the most important part of the review for MPSE Securities, as you can easily see that they provide humongous overall exposure in terms of trading.

Typically speaking, they provide two times the exposure for Equity Delivery Trading, Equity Futures Trading and Currency Options Trading, ten times the exposure for Equity Intraday Trading, four times the exposure for Equity Options Trading and five times the exposure for Commodity Trading.

However, they do not provide any additional exposure to Currency Trading.


MPSE Securities Trading Platforms

MPSE Securities has quickly gained the trust of their customers through extensive services and amazing support team.

Furthermore, their presence throughout various remote trading platforms across every widely used device and operating system has given them the much deserving edge.

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
Portfolio Details Yes
Online MF Buy Yes
News Flash Yes
Research Reports No
Easy Installation Yes
Global Indices Yes
Stock Tips No
Personalized Advisory No
Interactive Charts No
Live Markets Yes
SMS Alerts Yes
Email Alerts Yes
Multi Account Management No

This is list of MPSE Securities’ Trading platforms:-

MPSE Securities Trading Terminal

MPSE uses the National Stock Exchange based terminal trading software called NEST.

Developed on a Dot Net Framework NEST is in fact, one of the most stable trading platforms catering to the traders from the Indian Trading industry.

Furthermore, the software has been made compatible for Windows 7, Windows 8 and Windows 10 respectively. With NEST installed onto their computing systems, the traders can easily:-

  • Dash through loads of real time trading related data
  • Export the relevant data to Excel for further and easy analysis.
  • Add several watch lists as well as trading items.
  • Add separate market watch lists to several and distinct groups so as to tactfully partition the whole monitoring process.
  • Perform various technical and fundamental investigations by bringing into use the integrated charting functionality of the software.
  • Sneak peek into the details of the placed orders, for both buying and selling, through the integrated ‘Orderbook’ functionality.
  • Invoke the ‘Net Positions’ window to take a complete snapshot of a particular user’s market position across various indices and exchanges.
  • Get a glimpse of the top ten bids and get to know the quantity as well as the price of the stocks with the help of the ‘Combined Market Feature’ functionality.

MPSE Securities Web Browser Trading Platform

MPSE securities uses NOW to provide ensure that their registered traders enjoy a satisfactory experience whenever trading remotely through a browser enabled trading platform.

The software exhibits almost all the features of a traditional desktop based trading platform beside a few added perks like user friendly interface, customizable market watch functionality, positions watch, market mover trends and interactive charts for user analysis.

MPSE Securities Mobile Trading APP

The broking house so far doesn’t provide any android or iOS based mobile app trading platform.


MPSE Securities Customer Care

Dedicated Dealer Yes
Offline Trading Yes
Online Trading Yes
24*7 Support No
Email Support Yes
Chat Support No
Toll Free Number No
Branches 380

MPSE has a network strength of three hundred and eighty branch offices and franchises across thirteen states in India.

Moreover, they also provide Dedicated Dealer, Offline Trading Service & Support, Online Trading Service & Support and Email Based Support.

However, there is no provision within MPSE Securities for 24 * 7 Customer Care Support, Chat Support or even a Toll Free Number.


MPSE Securities Complaints and Feedback

Find the list of complaint against MPSE Securities –

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

The broking house has not seen huge amount of complaints about them. This is a good sign for MPSE Securities.


MPSE Securities Disadvantages:

Although MPSE Securities has come a long way by ensuring their presence across every possible offline and online trading platforms, they still:-

  • Do not provide any sort of emergency support like Chat or Toll Free Helpline, which can really be troublesome for traders trading remotely.
  • They seek a lot more brokerage charges as compared to their counterparts.

MPSE Securities Conclusion

MPSE Securities have proven their worth in the Indian trading industry by proving exceptional support for more than eighteen years in a row.

And, in spite of the hiked up brokerage charges, they continue to gain the trust of their customers over and over again.


Check detailed review of similar full service brokers:

Mangal Keshav  MasterTrust Networth Direct Reliance Securities
Axis Direct  SMC Global GEPL Capital  SBI Cap Securities

Open Demat Account with MPSE Securities

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