Pace Stock Broking Review, Brokerage Charges, Demat Account & more

Pace Stock Broking is one of the experienced Stockbroker companies in India. With approximately 117 customers reviews, the company has set very high standards in delivering quality services.

With more than 120 branches all around India operating for more than 24 years, they are undoubtedly one of the most successful stockbroker companies in India.

The most noticeable factor is the brokerage fees they offer which are unparallel compared to any other leading Stockbroker company.

Pace Stock Broking Ratings & Review by Top10StockBroker

About Pace Stock Broking

Pace Stock Broking has cemented their name among one of the leading stockbroker companies by their spontaneous dedication in every service that they provide.

Mr Atul Goel founded the company in the year 1995 at the Capital City, New Delhi. Since then their success story became a never-ending tale.

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Pace Stock Broking Brokerage Charges

With Pace Stock Broking, the cost to open a Demat account is just ₹270 with an AMC cost of only ₹270. They offer a free Trading account, on top of that free AMC of Trading account too.

They offer Equity Delivery Trading at just 0.21% and 0.02% only for Equity Intraday Trading, Commodity Options Trading, Equity Futures Trading and Currency Futures Trading.

That’s not all they offer Equity Options Trading and Currency Options Trading at just ₹21 per lot which is probably the best price in the industry.

They do have a Margin Money threshold of just ₹1,000. The brokerage percentage fees will be calculated on the final transaction amount.

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Pace Stock Broking Other Charges

There will be an additional fee of 0.00271% as Transaction fees along with STT of 0.0126% on Total Turnovers respectively.

There are SEBI Turnover Charges of 0.0002% on Total Turnovers which the traders have to bear. The cost of Stamp Duty varies from state to state, so one can’t say the actual percentage.

However, 18% of GST will be levied. The final amount includes the transaction amount plus the brokerage fees. Meanwhile, these charges won’t affect much for the traders as these are very nominal fees.

Pace Stock Broking Demat Account Opening Fees

Pace Stock Broking offers free Demat account opening. They don’t charge anything to open a Trading account as well.

The AMC for Demat account is ₹270 which is free for Trading accounts. Needless to say, that they don’t charge any profit margin from traders.

Pace Stock Broking Offers

As mentioned earlier they provide free Demat and Trading account opening, but on top of that, they offer special discounts on Brokerage fee as well.

They don’t provide “Happy Hours” but meet up with Flexible Brokerage plans and Holidays offers to privileged clients.

There was a rumour that they offer 1-month free brokerage fee, which has confirmed as false news. Up until now, they haven’t started any referral program too.

Pace Stock Broking doesn’t compensate or offer rebates on a lose on trades.

To know about offers of other stock brokers check below

How to Open a Demat Account with Pace Stock Broking?

Pace Stock Broking offers simple steps to open a Demat account:

• Click “Open Demat Account” button below & then fill up the form.
• One must fill up the initial registration form correctly to proceed to the KYC registration process.
• The traders must submit proper KYC documents – Aadhaar Card, PAN Card, Age Proof, Identity Proof, Address Proof and 1 Passport Size Photograph.
• A representative of Pace Stock Broking will call you for the further verification process once the trader uploaded all the necessary KYC documents to the portal.
• Pace Stock Broking will notify you once the verification is complete. They will provide the credential to log in to Demat accounts.

Why Open Pace Stock Broking Trading Account?

It is imperative to open a Demat account to buy or sell stocks. Moreover, Demat account safeguards the shares as well. Some reasons to open a Demat account with Pace Stock Broking:

• Pace Stock Broking offers free Demat account opening, whereas most of the stockbroker company charge a fee ranging from ₹250 – ₹400.
• The AMC of Demat account is ₹270 which is cheaper than any other stockbroker company of this magnitude.

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Pace Stock Broking Products & Services:

Here are the list of Products & Services provided by the stock broker –

Products Offered by Pace Stock Broking:

Pace Stock Broking deals with Equity Trading, Commodity Trading, Currency Trading, Options, SIP, Futures and Mutual Funds. Up until yet, they didn’t facilitate Forex, Banking and Insurance activities.

Pace Stock Broking Service Offerings:

On top of the general stockbroking activities, Pace Stock Broking also offers Intraday trading activities and services related to Stoke Recommendation.

They are not a Trading Institution, but they offer Trading Exposure up to 5x. IPO and Robo Advisory services are still not in operation.

Pace Stock Broking Research, Advisory and Stock Tips

Here is a list of services that Pace Stock Broking provide to their trading associate:

• Daily analysis reports of every requested stock.
• IPO Reports.
• Ontime weekly & monthly stock reports.
• Offline Advisory.
• Dedicated relationship managers.
• Free stock tips.

Pace Stock Broking Exposure or Leverage

Pace Stock Broking offers decent exposure and leverage to their associates. For Equity Delivery, Equity Futures, Currency Futures and Commodities, they offer up to 2x.

For Currency Options, they offer up to 3x. They offer the maximum exposure or leverage for Equity Intraday and Equity Options, which is up to 5x.

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Pace Stock Broking Trading Platforms

Pace Stock Broking delivers multi-platform service for clients’ convenience:

Pace Stock Broking Trading Terminal:

Pace Stock Broking offers one of the best Desktop applications to both Windows and Mac users. It covers all the basic functionalities and provides a user-friendly experience.

The application has the Easy Installation option and has real-time updates and News flash options in-built.

Pace Stock Broking Web Trading Platform:

The browser version portal is capable of fetching real-time stock reports, which is one of the quickest in the market. It also has Online MF Buy, Global Indices and Live Market reports to keep the traders updated.

Although the unavailability of Stock tips and Personalised Advisory are worth mentioning loopholes, but they make it up Portfolio Details and Research Reports.

Pace Stock Broking Mobile Trading App:

Pace Stock Broking’s Mobile app experience is one of the best in the market, providing services to both Android and iOS users. No Windows user, however.

Like the desktop application and the browser versions, it has all the functionalities covered. It has some additional features like SMS and email alerts which it handy for quick market reviews.

There is no Multi-Account Management option up until now.

Pace Stock Broking Customer Care

Pace Stock Broking delivers amazing customer care support. They have Dedicated Dealer and provide support to both online and offline traders.

With 920 branches across India, they provide hassle-free service with one of the best customer care support services.

Although, they don’t have 24×7 support and don’t have chat support yet they make it up with highly responsive email support.

Pace Stock Broking Complaints and Feedback

Find the list of complaint against Pace Stock Broking:

Pace Stock Broking is in operation for more than 24 years now. So, over the years some complaints have been issued. A total of 8 recognisable accusations and the records says they have resolved the issues.

However, Percentage of No. of Complaints Received Against Number of Active Clients is 0.33% high is on the higher side compared.

Pace Stock Broking Advantages and Disadvantages:

Not everything can be a fairy tale. For Pace Stock Broking there are some noticeable drawbacks:

• Low Exposure or Leverage ratio compared to other leading companies.
• Unavailability of Chat support.
• Percentage of No. of Complaints Received Against Number of Active Clients is 0.33% which is higher than any other company.

Pace Stock Broking Conclusion

Pace Stock Broking is incomparable when it comes to the brokerage fees. They provide free Demat account which no other stockbroker company offer.

They provide good user experience by quality web trading platforms. Support service is decent with a room of improvement. Their drawback as mentioned before is their complaint ratio.

However, with 120 branches, you can expect a few nudges here and there. They are still one of the best Stockbroker companies in India.

Open Demat Account with Pace Stock Broking

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