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 Customer Ratings & Review

Experience 2.5/5
Products & Services 3.4/5
Brokerage Charges & Fees 3.3/5
Stock Research & Advisory 2.6/5
Trading Platforms 2.4/5
Overall Ratings 2.7/5
Star Ratings ★★★☆☆
Total Client Reviews 156

 


About Multiplex Capital

Company Type Public
Broker Type Full Service Broker
Headquarters New Delhi
Founder Suman Aggarwal
Established Year 1994

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.


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Multiplex Capital Brokerage Charges

Equity Delivery Trading 0.21%
Equity Intraday Trading 0.02%
Commodity Options Trading 0.02%
Equity Futures Trading 0.02%
Equity Options Trading Rs.21 per Lot
Currency Futures Trading 0.02%
Currency Options Trading Rs.21 per Lot
Minimum Brokerage Percentage of Transaction
Demat AMC Charges Rs.239 per Annum
Trading AMC Charges Free
Margin Money Minimum Rs.1,000
Brokerage Calculator Multiplex 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.


Multiplex Capital Other Charges

Transaction Charges 0.00313%
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)

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.


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

Multiplex Capital Demat Account Opening Fees

Depository Source CDSL & NSDL
Account Opening Charges Rs.239
Demat AMC Charges Rs.239 per Annum
Trading AMC Charges Free
Margin Money Minimum Rs.1,000
Offline to Online Yes

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 Account No
Free Trading Account Yes
Discount on Brokerage Yes
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 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.


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.

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Multiplex Capital Products & Services:

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

Products Offered by Multiplex Capital:

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

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 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 Yes
Trading Exposure Upto 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.


Check Products & Services offered by other Stock Brokers –

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

Multiplex Capital Research, Advisory and Stock Tips

Fundamental Reports No
Research Reports Yes
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

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 Delivery Upto 3X
Equity Intraday Upto 6X
Equity Futures Upto 3X
Equity Options Upto 5X
Currency Futures Upto 2X
Currency Options Upto 4X
Commodities Upto 3X
Margin Calculator Multiplex 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.


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 – 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 Yes
Live Markets Yes
SMS Alerts Yes
Email Alerts Yes
Multi Account Management No

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 Dealer Yes
Offline Trading Yes
Online Trading Yes
24*7 Support No
Email Support Yes
Chat Support No
Toll Free Number No
Branches 283

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 BSE 0
Resolved in BSE 0
Lodged in NSE 4
Resolved in NSE 4
Percentage of No. of Complaints Received Against Number of Active Clients 0.04

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.


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 Multiplex Capital

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