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Multiplex Capital Review, Brokerage Charges, Demat Account & more

Multiplex Capital Limited is a part of the Multiplex Group that operates to serve the traders trading across the NSE (National Stock Exchange), the BSE (Bombay Stock Exchange) and the OTCE (Over The Counter Exchange) of India for almost twenty five years.

In this article, we will sketch down a detailed review of the firm in terms of their products, services, brokerage charges, other relevant charges and the efficiency of their trading platforms.

Multiplex Capital offers


Multiplex Capital Customer Ratings & Review

Experience2.5/5
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 Reviews156

 


About Multiplex Capital

Company TypePublic
Broker TypeFull Service Broker
HeadquartersNew Delhi
FounderSuman Aggarwal
Established Year1994

Multiplex Capital Multiplex Capital was founded by Mr. Suman Aggarwal in the year 1994.

The firm has been operating as a Full Service Broker company ever since with its headquarters being situated in New Delhi.

It legitimately owns the membership to the National Stock Exchange (NSE), the Bombay Stock Exchange (BSE) as well as the Over The Counter Exchange (OTCE) of India, thus providing extended support to traders trading across these platforms.


Open Demat Account with Multiplex Capital

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Multiplex Capital Brokerage Charges

Equity Delivery Trading0.21%
Equity Intraday Trading0.02%
Commodity Options Trading0.02%
Equity Futures Trading0.02%
Equity Options TradingRs.21 per Lot
Currency Futures Trading0.02%
Currency Options TradingRs.21 per Lot
Minimum BrokeragePercentage of Transaction
Demat AMC ChargesRs.239 per Annum
Trading AMC ChargesFree
Margin MoneyMinimum Rs.1,000
Brokerage CalculatorMultiplex Capital Brokerage Calculator

The above mentioned table clearly describes the charges as imposed by Multiplex Capital in terms of brokerage charges up on its registered traders.

As you can see above, it charges a 0.21 % on the Equity Delivery Trading. 0.02 % Equity Intraday Trading, Commodity Options Trading, Equity Futures Trading as well as Currency Futures Trading respectively.

It also charges a sum of Rs.21 per lot in terms of Equity Options Trading and Currency Options Trading, apart from a charge of Rs.239 per annum concerning Annual Maintenance Charges related to the maintenance of Demat Account.

Furthermore, the registered traders who are keen on continually trade under Multiplex Capital are required to maintain a minimum balance of Rs.1,000 in terms of Margin Money so as to enjoy their hassle free and unhindered trading experience.

Nevertheless, Multiplex Capital does not charge any money in terms of maintaining any of the registered traders’ Trading Accounts.


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Multiplex Capital Other Charges

Transaction Charges0.00313%
STT0.0126% of Total Turnover
SEBI Turnover Charges0.0002% of Total Turnover
Stamp DutyDepends on State (very minimal)
GST18% of (Brokerage + Transaction Charges)

As can be clearly stated after looking at the table mentioned above, Multiplex Capital inflicts a charge of 0.00313% up on total transaction as Transaction Charges, 0.0126 % up on the total turnover of the respective traders as STT.

Along with this 0.0002 % of the total turnover of the respective traders as SEBI Turnover Charges and 18 % on the overall sum of the brokerage as well as transaction charges as GST.

Furthermore, they also impose a certain amount in terms of Stamp Duty which is variable according to the different states of the nation and does not really impact the overall investment capital or gains for the respective trades.


 

Multiplex Capital Demat Account Opening Fees

Depository SourceCDSL & NSDL
Account Opening ChargesRs.239
Demat AMC ChargesRs.239 per Annum
Trading AMC ChargesFree
Margin MoneyMinimum Rs.1,000
Offline to OnlineYes

Multiplex Capital being a Full Service Broker firm has many branches across the Indian subcontinent and permits anyone to register themselves as a trader with Multiplex.

In fact, anyone interested in trading under the banner of Multiplex Capital can easily register themselves by paying a minimal amount of Rs. 239 to the firm through CDSL or NSDL.

Nonetheless, in order to continue with their trading under the firm, the registered members are required to pay a sum of Rs. 239 annually as the Annual Maintenance Charge for Demat Account and maintain a minimum balance of Rs. 1,000 in terms of Margin Money.

Nevertheless, the firm does not seek any charges in terms of maintaining the Trading Accounts annually.


Multiplex Capital Offers

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

As you can clearly assume from the above mentioned chart that Multiplex Capital has many extensive offers in terms of Free Trading Account, Discount On The Overall Brokerage Charges, Flexible Brokerage Plans as well as Holiday Offers.

However, they do not have any offers related to Free Demat Account, Trading Happy Hours, One Month worth of Free Brokerage, Referral Offers or Zero Brokerage for Loss Making Trades.


To know about offers of other stock brokers check below

Shree BahubaliSteel City SecuritiesTrade JiniVeracity Finance
Shree Kanha Stock BrokingStewart Mackertich WMSTradeplus OnlineVertex Securities
SKI CapitalSumpoorna PortfolioTrade Smart OnlineVNS Finance

How to Open a Demat Account with Multiplex Capital?

Opening a Multiplex Capital Trading account is very easy. Just Follow the steps mentioned underneath and you’ll end up registering yourself with them in no time:-

  1. Click on the green button below that states ‘Open Demat Account’.
  2. Carefully read the form that opens up.
  3. Fill up the form with proper details.
  4. Upload the documents needed to finalize the KYC procedure.
  5. You will require Aadhar Card, PAN Card, Age Proof, Identity Proof, Address Proof and one photograph for this step.
  6. Once you finish uploading all the relevant documents on to the website, a concerned person from on behalf of the Multiplex Capital will contact you for further verification.
  7. After they conclude the verification procedure, they will authorize you to operate your Demat account within a few hours.

Why Open Multiplex Capital Trading Account?

There are several reason for one to consider opening up a Demat a Trading Account with Multiplex Capital, some of which being:-

  • They have been in the Indian Trading Industry for almost twenty five years, which means their staff has a lot of experience in dealing with day to day nuances. This could come handful in the long term.
  • Although, they require their respective traders to maintain an amount of Rs. 1,000 as Margin Money, the amount is negligible to the requirements of some of their competitors.

Get a Call back from Multiplex Capital

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  1. Open Demat Account

Multiplex Capital Products & Services:

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

Products Offered by Multiplex Capital:

Equity TradingYes
Commodity TradingYes
Currency TradingYes
OptionsYes
FuturesYes
Mutual FundsYes
ForexNo
BankingNo
SIPYes
InsuranceNo

The aforementioned chart states rather clearly that Multiplex Capital deals specifically in Equity Trading, Commodity Trading, Currency Trading, Options Trading, Futures Trading, Mutual Funds as well as Systematic Investment Plans.

Nevertheless, they do not cater any products or services related to Forex Trading, Banking or Insurances.

Multiplex Capital Service Offerings:

Demat ServicesYes
Trading ServicesYes
3 in 1 AcountNo
Intraday ServicesYes
IPO ServicesYes
Stock RecommendationsYes
Robo AdvisoryNo
PMSNo
Trading InstitutionYes
Trading ExposureUpto 6X

You must be able to clearly state that Multiplex Capital extends humongous support in accordance to various services, which includes Demat Services, Trading Services, Intraday Trading Services.

They also provide IPO Services, Stock Recommendations and Trading Institution with up to six times the trading exposure among others.


 

Multiplex Capital Research, Advisory and Stock Tips

Fundamental ReportsNo
Research ReportsYes
Company ReportsNo
Annual ReportsNo
Company Stock ReviewNo
Free Stock TipsYes
IPO ReportsYes
Top PicksNo
Daily Market ReviewYes
Monthly ReportsYes
Weekly ReportsYes
Offline AdvisoryYes
Relationship ManagerYes

The aforementioned table apparently states that Multiplex Capital provides Research Reports, Free Stock Tips, IPO Reports, Daily Market Review, Monthly Reports, Weekly Reports, Offline advisory as well as Relationship Manager for its registered traders.


Multiplex Capital Exposure or Leverage

Equity DeliveryUpto 3X
Equity IntradayUpto 6X
Equity FuturesUpto 3X
Equity OptionsUpto 5X
Currency FuturesUpto 2X
Currency OptionsUpto 4X
CommoditiesUpto 3X
Margin CalculatorMultiplex Capital Margin Calculator

Multiplex Capital does not like to compromise whenever it comes to extending the support to its registered traders.

And this can quite well be established by taking a glance at the above mentioned chart that states, Multiplex Capital provides up to three times the exposure on Equity Delivery Trading, Equity Futures Trading and Commodities Trading.

Upto six times the exposure on Equity Intraday Trading, five times the exposure on Equity Options Trading, twice the exposure on Currency Futures Trading and four times the exposure on Currency Options Trading.


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Multiplex Capital Trading Platforms

Sustaining in the market for over two decades is not at all an easy task, especially considering the fact that there are companies that are regressively competing for the same market.

Nonetheless, Multiplex has managed to crack this tough nut and one of the major reasons for their success goes to their choice of trading platforms.

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 BuyYes
News FlashYes
Research ReportsNo
Easy InstallationYes
Global IndicesYes
Stock TipsNo
Personalized AdvisoryNo
Interactive ChartsYes
Live MarketsYes
SMS AlertsYes
Email AlertsYes
Multi Account ManagementNo

Multiplex Capital Trading Terminal:

Multiplex capital does not own any dedicated trading software that could be brought to use by its registered traders for the sake of trading through their personal computers.

Nonetheless, to cope up with this, Multiplex uses the NSE based terminal trading software, popularly known as NEST. NEST can find its roots to a Dot Net Framework.

The software has been enabled to be compatible with Windows 7, Windows 8 and Windows 10 respectively.

Furthermore, it is one of the most reputed trading software that is known for its stability, specifically for the Indian stock broking space.

It enables the traders to:-

  • Easily run real time data and export it to Excel for further analysis.
  • Add multiple watch lists with the option to add multiple trading items to the same list.
  • Add various market watch lists to various groups, thereby segregating the whole procedure for monitoring.
  • Commence a number of different technical as well as fundamental investigations through the integrated charting functionality.
  • Sneak up on the details of the placed orders in terms of both buying and selling, through the ‘Orderbook’ feature.
  • Summon the ‘Net Positions’ window so as to take a complete screenshot of the respective user’s market position across various indices and exchanges.
  • Overview the top ten bids and know the details of the asked quantity as well as the price of the stocks with the help of the ‘Combined Market Feature’.

Multiplex Capital Web Browser Platform:

Multiplex Capital offers its traders with online equity and derivative trading option through the Power Trade web application that has the following features:-

  • Instant trade execution feature.
  • Live streaming options with the ability to watch the ongoing price across a number of scrips.
  • Real time update for Intraday charts.
  • Real time profit & loss report including live margin and position.
  • Negligible implication of brokerage charge.
  • The ability to set different number of price alerts across a number of scrips.
  • Advanced UI customization options.
  • Ability to customize multiple of portfolios & watch lists.
  • May Sell all pending orders with a single click
  • Ability to square off all transactions with one click.
  • Real time updates on top gainers, losers and most active bidders.
  • Real time information across several indices.
  • Updates on the top five bids at real time.
  • Real time notification for trade confirmation.
  • Remote access to account as well as DP.
  • Real time updates on order and trade book.
  • Access to view the details of all the pending, executed as well as rejected orders.
  • Strong safety protocol through 128- bit encryption.
  • Ability to place after market orders.
  • Ability to transfer funds online from leading banks.
  • Access to multiple historical charts and technical analysis tools.

Multiplex Capital Mobile Trading App

The broking house has not come up with a Mobile App yet for their clients.


Multiplex Capital Customer Care

Dedicated DealerYes
Offline TradingYes
Online TradingYes
24*7 SupportNo
Email SupportYes
Chat SupportNo
Toll Free NumberNo
Branches283

Multiplex Capital has spread out its network across two hundred and eighty three different locations throughout the nation with active support for offline and online trading, email support and dedicated dealer.

Nonetheless, they do not offer any help regarding 24 8 7 support, chat support or toll free number.


Multiplex Capital Complaints and Feedback

Find the list of complaint against Multiplex Capital –

Lodged in BSE0
Resolved in BSE0
Lodged in NSE4
Resolved in NSE4
Percentage of No. of Complaints Received Against Number of Active Clients0.04

As per the aforementioned chart, you can clearly conclude that Multiplex capital has been able to function flawlessly in the BSE last year without the hint of the slightest dissatisfaction within their clients.

However, four complaints were registered against them within the NSE. Nonetheless, all of those complaints were resolved with immediacy within the exact financial year.

It is also noticeable that only 0.04 % of their clients registered the complaints, which is, indeed a great figure.


Multiplex Capital Disadvantages:

Although, a great trading and brokerage firm, Multiplex still has a few flaws to rectify:-

  • They still do not provide 24 * 7 support to their traders.
  • Their desktop browser based trading platform can be updated to compete better with other counterparts.

Multiplex Capital Conclusion

Multiplex Capital has been actively helping traders across India regarding equity and derivative trading for almost twenty five years.

They do have a huge experience of the industry and can be a great firm for any trader, established or newbie.


Open Demat Account with Multiplex Capital

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  1. Open Demat Account

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