Narnolia Securities Review, Brokerage Charges, Demat Account & more

Narnolia Financial Advisors is an Indian financial trading firm that initiated its trading support based activities almost two decades back.

In this article, we will be focusing on dissecting their efficiency on the basis of their product, services, offered discounts, brokerage charges, other relevant charges and the overall efficiency of all the trading platforms they have to offer.

Narnolia Securities Ratings & Review by Top10StockBroker

About Narnolia Securities

Narnolia Financial Advisors was brought into existence in the year 1997 its founder Mr. Krishnanand Narnolia.

The firm has its headquarters in the city of joy Kolkata, West Bengal and operates as a full service brokerage firm within the NSE and the BSE across several of their equity and derivative trading domains.

The company boasts on its ideals to educate its traders with the proper knowledge of stocks and trades, even at the cost of its business.

Open Demat Account with Narnolia Securities

Narnolia Securities Brokerage Charges

The aforementioned chart gives a detailed view of sorts of brokerage fee as charged by Narnolia.

The chart includes 0.1 – 0.2% charge on Equity Delivery Trading, 0.01 – 0.02 % on Equity Intraday Trading, Commodity Options Trading, Equity Futures Trading and Currency Futures Trading.

The company also charges a sum of Rs. 10 – Rs. 20 on Currency Options Trading and Equity Options Trading apart from a sum of Rs. 250 per annum in terms of annual maintenance charge for Trading Account and a minimum of Rs. 3,000 in terms of Margin Money.

Narnolia Securities Other Charges

As can be clearly assumed from the above mentioned chart that Narmolia, as a firm imposes a charge of 0.00325 % as Transaction Charges, 0.0126 % of the total turnover as STT, 0.0002 % of the total turnover as the SEBI Turnover Charges.

18 % on the total brokerage as well as transaction charges as GST and a minimal but variable Stamp Duty as per the State guidance.

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Narnolia Securities Demat Account Opening Fees

The aforementioned table constitutes of the list of all the required account opening charges that includes a sum of Rs. 300 as Account Opening Charge and Rs. 250 per annum as the annual maintenance charge for Trading Account.

Apart from the minimum required Margin Money limit of Rs. 3,000.

Narnolia Securities Offers

As you can clearly see within the above table, Narnolia Financial Advisors extends many offers for its traders including a Free Demat Account, Discount on Brokerage Charges, Flexible Brokerage Plans and Holiday Offers.

Nevertheless, it does not offer anything related to a Free Trading Account, Trading happy Hours, 1 Month of Free Brokerage, Referral Offers or Zero Brokerage for Loss Making Trades.

How to Open a Demat Account with Narnolia Securities?

Registering for a Demat and Trading account with Narnolia Financial Advisors is very easy. All you will have to do is:-

1. Click on the green button below that states ‘Open Demat Account’.
2. Read the form that opens up next with extreme care.
3. Fill up all the required details as mentioned within the form.
4. Complete your KYC procedure by uploading the required documents that include your Aadhar Card, PAN Card, Age Proof, Identity Proof, Address Proof and one photograph.
5. Complete the final verification procedure, wherein an authorized person on behalf of the firm will contact you.
6. Access your account in a matter of a few hours post all the above procedure conclusion.

Why Open Narnolia Securities Trading Account?

Apart from the fact that you cannot trade at least within the Indian judiciary without having a Demat or a Trading Account, there are a few more reasons why you should trade as trader under Narnolia:-

1. They happen to have an extremely supportive customer care.
2. Their service list corresponding to research and advisory is very impressive.

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Narnolia Securities Products & Services:

Here are the list of Products & Services provided by Narnolia Securities-

Products Offered by Narnolia Securities:

It can be very well spectated from the above chart that Narnolia’s product list concludes of Equity Trading, Commodity Trading, Currency Trading, Options Trading, Futures Trading, Mutual Funds, Systematic Investment

Plans as well as Insurances excluding only Forex Trading and Banking related services.

Narnolia Securities Service Offerings:

Narnolia Financial Advisors’ service list is conclusive of Demat Services, Trading Services, Intraday Services, IPO Services, Stock Recommendations, PMS Services and Trading Institution alongside an overall Trading Exposure of up to ten times.

However, its services does not include 3 in 1 Account or Robo Advisory.

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Narnolia Securities Research, Advisory and Stock Tips

Narnolia Financial Advisors’ research and advisory list is along one including Fundamental Reports, Research Reports,  Company Reports, Annual Reports, Company Stock Overview.

Along with these, they also provide research materials like Free Stock Tips, IPO Reports, Top Picks, Offline Advisory and a Relationship Manager excluding only Daily Market Review, Monthly Reports and Weekly Reports.

Narnolia Securities Exposure or Leverage

It can be clearly stated by looking at the table above that Narnolia Financial Advisors offers a rather huge exposure in the field of trading including up to two times exposure on Equity Deliver Trading, Currency Futures Trading and Currency Options Trading.

Other than this, they provide up to ten times exposure on Equity Intraday Trading, up to three times exposure on Equity Futures Trading and up to five times exposure on Equity Options and Commodities Trading.

Check Margin or Exposure of other stock brokers

Narnolia Securities Trading Platforms

Here are the thorough details on various trading platforms offered by Narnolia Securities to its consumers.

All the platforms have been established in-house and always get progressed on an unremitting basis.

The broking house built up quite an impressive roster of remotely operable trading platforms for its registered traders that includes:-

Narnolia Securities Trading Terminal:

Narnolia has developed an in-house software by the name of Tejas EXE. Tejas EXE has primarily been developed on Linux for desktop based trading operations and is very well compatible with Windows 7, Windows 8 and Windows 10 respectively. It comes loaded with the following features:-

• A brilliantly developed user friendly interface.
• The ability to perform under optimized bandwidth consumption of as low as 40 kbps.
• Integrated best in-in-class industry based Live Broadcast with socket technology.
• Default integration with NSE, BSE and MCX Exchange.
• Default integration with Narnolia’s advanced Research and Advisory.
• Integrated FNA strategy based analytical tool along with a number of other market scanners.

Narnolia Securities Desktop Browser Platform:

Narnolia has also developed Tejas-i for web based trading activities. It is a web version for the Tejas EXE that comes loaded with the exact same features of Tejas exe.

Alongside the ability to showcase market overview through proper and advanced heat maps. It has also been secured using 256 bit encryption.

Narnolia Securities Mobile Trading App:

Narnolia Financial Advisors are among the only few Demat and Trading Services providing firms in India that provides an app for both Android and IOs based platforms to its registered traders.

They use the Narnolia – Online Share / Stock Trading App with the following features:-

• Ability to act as a 2 in 1 app to caters to all the trading requirements of the respective traders.
• Ability to enable the users to login as client or guest and still be accessible for advanced equity research and advisory.
• Integrated Technofunda analytics that comes loaded with the Fundamental, Quant, Technical, and Derivative Analytical features.
• Ability to provide specific stock related advisory to the traders.

Narnolia Securities Customer Care

Narnolia Financial Advisors have a network of three hundred active branches across the nation that serve Dedicated Dealers, Offline and Online Trading Facilities and Email Support.

However, they still do not have a Toll Free Number, 24 * 7 Support System or Chat Support.

Narnolia Securities Complaints and Feedback

Find the list of complaint against Narnolia Securities:

The percentage of complaints raised against the total number of active clients for Narnolia Financial Advisors is indeed very low with only 0.04 %.

However, it cannot be ignore that they were one of the few trading firms to receive a complaint with the BSE.

Narnolia Securities Advantages and Disadvantages:

Below mentioned is the list of pros and cons of Narnolia Securities:

Cons Of Narnolia Securities

Discuss some of the worries if you make use of this full-service trader for your stock market trading:

Narnolia Financial Advisors has been active for the past twenty two years. However, there are a few things that must be kept in mind before joining them as a trader:-

• They were one of the few companies to receive a complaint against themselves within the BSE in the past year.
• They still lack any provision for a 24 * 7 customer care support system.

Narnolia Securities Conclusion

Narnolia Financial Advisors have lived up to their reputation for well over two decades and are consistently developing themselves for the sake of providing better services and support to their registered traders.

Nevertheless, they still have a few flaws as a company that cannot be ignored.

Open Demat Account with Narnolia Securities

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