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 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 117

 


About Pace Stock Broking

Company Type Private
Broker Type Full Service Broker
Headquarters New Delhi
Founder Atul Goel
Established Year 1995

Pace Stock 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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  1. Open Demat AccountBecome Sub Broker

Pace Stock Broking 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.270 per Annum
Trading AMC Charges Free
Margin Money Minimum Rs.1,000
Brokerage Calculator Pace Stock Broking Brokerage Calculator

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.


Pace Stock Broking Other Charges

Transaction Charges 0.00271%
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)

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.


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

Pace Stock Broking Demat Account Opening Fees

Depository Source CDSL & NSDL
Account Opening Charges Free
Demat AMC Charges Rs.270 per Annum
Trading AMC Charges Free
Margin Money Minimum Rs.1,000
Offline to Online Yes

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

Free Demat Account Yes
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 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.


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.

Get a Call back from Pace Stock Broking

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  1. Open Demat AccountBecome Sub Broker

Pace Stock Broking Products & Services:

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

Products Offered by Pace Stock Broking:

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

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:

Demat Services Yes
Trading Services Yes
3 in 1 Acount No
Intraday Services Yes
IPO Services No
Stock Recommendations Yes
Robo Advisory No
PMS No
Trading Institution No
Trading Exposure Upto 5X

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.


Check Products & Services offered by other Stock Brokers –

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

Pace Stock Broking Research, Advisory and Stock Tips

Fundamental Reports No
Research Reports No
Company Reports No
Annual Reports No
Company Stock Review No
Free Stock Tips Yes
IPO Reports Yes
Top Picks Yes
Daily Market Review Yes
Monthly Reports Yes
Weekly Reports Yes
Offline Advisory Yes
Relationship Manager Yes

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

Equity Delivery Upto 2X
Equity Intraday Upto 5X
Equity Futures Upto 2X
Equity Options Upto 5X
Currency Futures Upto 2X
Currency Options Upto 3X
Commodities Upto 2X
Margin Calculator Pace Stock Broking Margin Calculator

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.


Pace Stock Broking Trading Platforms

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

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 Yes
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

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

Dedicated Dealer Yes
Offline Trading Yes
Online Trading Yes
24*7 Support No
Email Support Yes
Chat Support No
Toll Free Number No
Branches 120

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:

Lodged in BSE 1
Resolved in BSE 1
Lodged in NSE 7
Resolved in NSE 7
Percentage of No. of Complaints Received Against Number of Active Clients 0.33

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.


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 Pace Stock Broking

Fill Your Details Here
  1. Open Demat AccountBecome Sub Broker

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Best Stock Broker in India

Best Demat Account in India

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