Nine Star Broking Review, Brokerage Charges, Demat Account & more

Nine Star Broking is also a full service brokerage firm that has been serving within the Indian trading industry since the year 2010.

This article will primarily focus on emphasizing over Nine Star Broking’ products, services, brokerage charges, other relevant charges, permanent and occasional offers and of course the impact of their respective remote and non-remote trading platforms.

In short, we will dissect Nine Star Broking’s effectiveness and reliability as a brokerage firm on the whole.


Nine Star Broking Customer Ratings & Review

Experience 3.4/5
Products & Services 3.1/5
Brokerage Charges & Fees 3.3/5
Stock Research & Advisory 3.0/5
Trading Platforms 3.2/5
Overall Ratings 3.2/5
Star Ratings ★★★☆☆
Total Client Reviews 232

 


About Nine Star Broking

Company Type Private
Broker Type Full Service Broker
Headquarters Kolkata
Founder Raj Kumar Dugar
Established Year 2010

Nine Star

Nine Star Broking is a rather newly found brokerage firm actively serving within the Indian equity and derivatives trading industry for merely a bit more than eight years.

The firm was founded in the year 2010 in Kolkata, West Bengal by its founder Mr. Raj Kumar Dugar.

Nevertheless, the firm has been able to generate its fair share of supporters and clients even within the short duration of existence. In fact, they are quite competitive when it comes down to the trading industry.


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Nine Star Broking Brokerage Charges

Equity Delivery Trading 0.35%
Equity Intraday Trading 0.04%
Commodity Options Trading NA
Equity Futures Trading 0.04%
Equity Options Trading Rs.35 per Lot
Currency Futures Trading 0.04%
Currency Options Trading Rs.20 per Lot
Minimum Brokerage Percentage of Transaction
Demat AMC Charges Free
Trading AMC Charges Rs.250 per Annum
Margin Money Minimum Rs.3,000
Brokerage Calculator Nine Star Brokerage Calculator

As per the above mentioned chart, it can be well established that Nine Star Broking, as a firm charges a brokerage of 0.35 % from its registered traders for Equity Delivery Trading, 0.04 % brokerage for Equity Futures Trading and Currency Futures Trading respectively.

Rs.35 per lot brokerage for Equity Options Trading, Rs. 20 per lot brokerage for Currency Options Trading and Rs. 250 per annum for the maintenance of Trading Account.

They also require their registered traders to maintain a minimum margin money of Rs. 3,000 in order for ceaseless trading experience.


Nine Star Broking Other Charges

Transaction Charges 0.00325%
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 described briefly within the above mentioned chart, Nine Star Broking incurs a charge of 0.00325 % on the overall transaction as Transaction Charge, 0.0126 % on the total turnover as STT, 0.0002 % of the total turnover as SEBI Turnover Charge.

Along with this, 18 % GST on the overall sum of the brokerage charges and transaction charge and a certain amount of Stamp Duty that varies in accordance to the state boundaries and regulations.


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

Nine Star Broking Demat Account Opening Fees

Depository Source CDSL & NSDL
Account Opening Charges Rs.300
Demat AMC Charges Free
Trading AMC Charges Rs.250 per Annum
Margin Money Minimum Rs.3,000
Offline to Online Yes

Although, new in the industry, Nine Star Broking has quickly learned the tricks of the market, one of which includes allowing everyone to register themselves as a trader with the firm.

In fact, they do not even charge any money whatsoever for the maintenance of a Demat Account.

Nonetheless, they do seek a charge of Rs. 300 for opening up a Demat or Trading Account and a sum of Rs. 250 per annum in terms of annual maintenance charge for Trading Account.

All the payments can be made through either CDSL or NSDL.


Nine Star Broking Offers

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

Up on giving proper attention to the above mentioned table, it can be easily concluded that Nine Star Broking does not have any extensive offers related to Free Demat Account, Free Trading Account, Trading Happy Hours, Discount On Brokerage etc.

They only provide flexible brokerage plan offer to its customers.


How to Open a Demat Account with Nine Star Broking?

Opening a Nine Star Broking Trading account is rather easy. This is all you need to do:-

  1. Click on the green button below that states ‘Open Demat Account’.
  2. Go through all the information present on the form that pops up.
  3. Carefully fill up all the required details within the form.
  4. Upload all the necessary documents required to complete the KYC Procedure.
  5. You must have your Aadhar Card, PAN Card, Age Proof, Identity Proof, Address Proof and one photograph in order to complete this step.
  6. Then, you will be contacted by a concerned person on behalf of Nine Star Broking in order to carry out the final verification.
  7. Finally, you will be granted full access to your Demat or Trading Account in a matter of a few hours, after you complete all the aforementioned steps without any flaw.

Why Open Nine Star Broking Trading Account?

Although new to the market, Nine Star Broking does have a few reasons for anybody to consider registering themselves with them:-

  • They provide up to six times the exposure on trading related activities.
  • They have grown a network of nearly three hundred active branches across the nation in merely eight years.

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Nine Star Broking Products & Services

Here are the list of Products & Services provided by Nine Star Broking –

Products Offered by Nine Star Broking:

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

Nine Star Broking’s products list comes conclusive of Equity Trading, Currency Trading, Options Trading, Futures Trading, Mutual Funds and Systematic Investment Plans.

Nevertheless, they do not offer any services related to Commodities Trading, Forex Trading, Banking or Insurances.

Nine Star Broking 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 6X

As you can clearly establish with the help of the aforementioned table, Nine Star Broking does provide active services in terms of Demat Services, Trading Services, Intraday Services, IPO Services and Stock Recommendations with nearly upto six times the trading exposure.

Nevertheless, they do not happen to have any services related to 3 in 1 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

Nine Star Broking 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 table above describing of the Research & Advisory related services being extended by Nine Star Broking includes Research Reports, Free Stock Tips, IPO Reports, Daily Market Reviews, Monthly Reports Weekly Reports, Offline Advisory and Online Advisory.

However, they do not provide any support in terms of Fundamental Reports, Company Reports, Annual Reports or Top Picks.


Nine Star Broking Exposure or Leverage

Equity Delivery Upto 1X
Equity Intraday Upto 6X
Equity Futures Upto 2X
Equity Options Upto 2X
Currency Futures Upto 4X
Currency Options Upto 3X
Commodities Upto 3X
Margin Calculator Nine Star Margin Calculator

As per the aforementioned chart, it can be clearly established that Nine Star Broking does not provide any additional exposure in terms of Equity Delivery Trading.

Although, they do provide an added exposure of up to six times for Equity Intraday Trading, up to two times for Equity Futures Trading and Equity Options Trading, up to four times for Currency Futures Trading and up to three times for Currency Options Trading and Commodities Trading respectively.


Nine Star Broking Trading Platforms

Although, new in the market of equity and derivative trading, Nine Star Broking has come a long way in terms of providing remote trading platforms for its respective registered traders:-

Desktop Platform – Windows Yes
Desktop Platform – Mac Yes
Desktop Browser Platform Yes
Mobile Site Platform No
Android App Platform No
iOS App Platform No
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 Yes
Personalized Advisory No
Interactive Charts Yes
Live Markets Yes
SMS Alerts Yes
Email Alerts Yes
Multi Account Management No

Nine Star Broking Tradinng Terminal

Since, Nine Star Broking is yet to develop any dedicated trading software, they have decided to use the NSE based terminal trading software NEST for the time being.

NEST is a well-known software praised for its stability corresponding to the Indian Trading markets. It has been developed on a Dot Net Framework made to be compatible for Windows 7, 8 and 10 respectively.

It has been known to enable the traders to:-

  • Actively run and execute real time trading data.
  • Export all the relevant trading data to Excel for further and better analysis.
  • Add a number of watch lists, each with the option to further add multiple trading items within the same list.
  • Add many varieties of market watch lists to groups and simplify the overall monitoring procedure.
  • The integrated charting functionality helps to perform a number of critical technical analyses.
  • The ‘Orderbook’ feature is used to get a glimpse of the user’s performance across several indices all at once.
  • Use the ‘Combined Market Feature’ to get a quick glimpse of the top ten bids along with the quantity and price of the stocks respectively.

Nine Star Broking Web Trading Platform

The lack of another dedicated software has made Nine Star Broking to use the NSE based browser enabled trading platform NOW.

This web app also exhibits nearly all the features of any traditional non-browser based trading platform along with a few added perks like the easy to use and user-friendly interface, customizable market watch functionality, positions watch, market mover trends and interactive charts for user analysis


Nine Star Broking 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 284

Nine Star Broking has quickly climbed up the ladders of success with its network of two hundred and eighty four branches spread across the country that serve a Dedicated Dealer, Offline Trading, Online Trading and Email Support to its registered traders.

However, it is noticeable that Nine Star Broking still does not provide any support related to 24*7 support, chat support or a toll free number.


Nine Star Broking Complaints and Feedback

Find the list of complaint against Nine Star Broking:

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

No complaints were logged against Nine Star Broking within the BSE last year and only four complaints were logged against them within the NSE.

Thereby, making the percentage of the total number of complaints received against them in relation to their total number of active clients to 0.04% only.


Nine Star Broking Disadvantages:

Below mentioned is the list of cons of Nine Star Broking:

Cons Of Nine Star Broking

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

  • They do not have a lot of offers for their clients.
  • They do not provide any added exposure for Equity Delivery Trading.

Nine Star Broking Conclusion

Nine Star Broking is still a new player in the market and has a lot to learn from its long existing competitors.

And, irrespective of the fact that they did not receive a lot of complaints against them last year, you still must definitely be careful if you are willing to sign in as one of their traders.


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 Nine Star Broking

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