PCS Securities Review, Brokerage Charges, Demat Account & more

PCS Securities is a reputed name in stockbroking industry. Their success lies in the consistency they deliver in each service they offer.

With a wide array of trading services and compelling user experiences, they have managed to establish 288 branches all across India.

They deliver useful assistance in Trading platforms and offers an aggressive brokerage fee. PCS Securities have 110 customer reviews that display the consistency they have shown for the last 15 years.

They are undoubtedly one of the best stockbroker companies in India right now.


PCS Securities 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 110

 


About PCS Securities

Company Type Private
Broker Type Full Service Broker
Headquarters Hyderabad, Telangana
Founder K. C. Shrimal
Established Year 2004

PCS Securities

Mr K. C. Shrimal had a vision of creating a business empire in the stockbroking industry.

Therefore, he founded PCS Securities in the year 2004 at Hyderabad, the capital city of the new form state Telangana.

The perfection they have shown during the advancement of technology is worth noticing.

That is why they are successful and a noteworthy name in the stockbroking industry.


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PCS Securities Brokerage Charges

Equity Delivery Trading 0.2% – 0.5%
Equity Intraday Trading 0.02% – 0.05%
Commodity Options Trading 0.02% – 0.05%
Equity Futures Trading 0.02% – 0.05%
Equity Options Trading Rs.20 – Rs.50 per Lot
Currency Futures Trading 0.02% – 0.05%
Currency Options Trading Rs.10 – Rs.25 per Lot
Minimum Brokerage Percentage of Transaction
Demat AMC Charges Free
Trading AMC Charges Free
Margin Money Zero Margin
Brokerage Calculator PCS Securities Brokerage Calculator

PCS Securities offer dynamic brokerage fees. They charge between 0.2% – 0.5% for Equity Delivery trading which is industry standard.

For Equity Intraday, Commodity Options, Equity Futures and Currency Futures trading their brokerage fee ranges between 0.02% – 0.05% respectively.

The cost for Equity Options trading they charge between Rs.20 – Rs.50 per Lot, whereas Currency Options trading they charge between Rs.10 – Rs.25 per Lot. PCS Securities offers zero Margin Money.


PCS Securities Other Charges

Transaction Charges 0.00315%
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)

Every trader has to bear some additional fees namely the Transaction fee of 0.00315%, the STT of 0.0126% on Total Turnovers and SEBI Turnover fees of 0.0002% on Total Turnovers.

On top of that, a variable Stamp Duty fee depending on the state where a trader is along with 18% GST. The transaction value along with the brokerage fee is the final amount the traders have to pay.

However, these additional fees are nominal and hence, will not affect the profit margin much.


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

PCS Securities Demat Account Opening Fees

Depository Source CDSL & NSDL
Account Opening Charges Free
Demat AMC Charges Free
Trading AMC Charges Free
Margin Money Zero Margin
Offline to Online Yes

PCS Securities offers 100% free Demat opening with its AMC. The same goes for Trading account along with its AMC. Both the account provides Offline to Online support.


PCS Securities Offers

Free Demat Account Yes
Free Trading Account Yes
Discount on Brokerage No
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

What makes PCS Securities so compelling is they offer free Demat and Trading account opening. The AMC for both the account is free as well.

Although they don’t provide any Discount on Brokerage fees, they provide Flexible Brokerage Plans to make it up. No “Happy Hours” or Referral offers but provides special Holiday offers to privileged trading associates.

They don’t provide any discount or rebate on the brokerage fee if any trader fails to earn a profit or suffer a loss.


How to Open a Demat Account with PCS Securities?

With PCS Securities, Demat account opening is very simplistic and quick. They claim they will open the account in just 30 mins. Meanwhile, these are the steps to open the account:

  • Please click on “Open Demat Account” button below. Fill up your name, mobile no. & city.
  • Then the traders have to fill up the preliminary registration form with correct data.
  • After that, the traders must submit the necessary KYC documents which are mentioned.
  • Once they accept the documents, they will generate the login credential to start trading.

Why Open PCS Securities Trading Account?

Without a Trading account, no trader is allowed to do stock or commodity trading. A Trading account also shields the purchased stocks.

So, here are some reasons why a trader should open their Trading account with PCS Securities:

  • PCS Securities offers a free Demat account with AMC.
  • PCS Securities offers a free Trading account with AMC.
  • They offer a consistent user experience.

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PCS Securities Products & Services

Here are the list of Products & Services provided by PCS Securities –

Products Offered by PCS Securities:

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

PCS Securities provide consistent services in Equity Trading, Commodity Trading, Currency Trading, Options and Futures.

They have not initiated any activities related to Mutual Funds, Forex, SIP and Banking. However, they offer excellent Insurance schemes.

PCS Securities 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

It has been discussed a few times that PCS Securities free Demat account along with its AMC. The same goes for Trading account along with its AMC.

What’s interesting is even though they are not a Trading Institution, they still manage to deliver Trading exposer up to 6x.

Although they don’t provide Robo Advisory and PMS, they offer consistent services in Intraday and IPO services with perfect Stock Recommendations.


Check Products & Services offered by other Stock Brokers –

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

PCS Securities Research, Advisory and Stock Tips

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

PCS Securities delivers reliable stockbroking services that add excellent user experience. Here is a list what they provide:

  • They provide Fundamental reports
  • They provide Research reports
  • Free Stock tips
  • They suggest Top picks
  • Daily Market review is available
  • Weekly & monthly reports are delivered
  • They offer Offline Advisory
  • Relationship Managers are provided to clients

PCS Securities Exposure or Leverage

Equity Delivery Upto 2X
Equity Intraday Upto 6X
Equity Futures Upto 2X
Equity Options Upto 4X
Currency Futures Upto 2X
Currency Options Upto 2X
Commodities Upto 2X
Margin Calculator PCS Securities Margin Calculator

PCS Securities offers Equity Delivery exposer or leverage of just up to 2x which is not much compared to other companies.

They provide Equity Futures, Currency Futures, Currency Options and Commodities at the rate of up to 2x which is again below par.

They did try to compensate by delivering Equity Intraday exposer or leverage ratio up to 6x. The Equity Options is decent too – up to 4x.


PCS Securities Trading Platforms

PCS Securities managed to deliver quality trading platform experience. Here is a list what they provide:

Desktop Platform – Windows Yes
Desktop Platform – Mac Yes
Desktop Browser Platform Yes
Mobile Site Platform No
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 No
News Flash No
Research Reports Yes
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

PCS Securities Trading Terminal

PCS Securities delivers an easy installation desktop application to its trading associates, designed for both Windows and Mac users.

Apart from the necessary options like real-time updates or Global indices, they also provide Interactive Charts and Live Markets updates. The application lacks Online MF Buy and News Flash options.

PCS Securities Web Trading Platform

PCS Securities believes in delivering convenient trading experience. That is why they are not reluctant to keep their Browser based trading platform in operation.

It has all the functionalities that constitute the best user experience.

PCS Securities Mobile Trading App

PCS Securities offers a fully functioning mobile app for uninterrupted trading services. The app comes in both Android and iOS, available on their website and in Google Playstore.

The app has SMS notifications and email alerts to assist the traders. The only feature that is unavailable in the app is the Multi-Account Management option.


PCS Securities 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

With 283 branches scattered all around the country, PCS Securities delivers uncompromising customer support.

They operate via dedicated dealers who provide the best customer support ideally suited to the stockbroking industry. They provide Offline and Online support.

However, no 24×7 service, chat support or Toll-free number assistance, but the email service is carefully crafted to service customers efficiently and swiftly.


PCS Securities Complaints and Feedback

Find the list of complaint against PCS Securities:

Lodged in BSE 0
Resolved in BSE 0
Lodged in NSE 1
Resolved in NSE 1
Percentage of No. of Complaints Received Against Number of Active Clients 0.11

No such massive complaints against PCS Securities. Just a little here and there, a couple of issues from NSE which was dealt with a professional attitude.

Their Percentage of No. of Complaints Received Against Number of Active Clients is 0.11% which is exceptional compared to other stockbroking companies.


PCS Securities Disadvantages:

The point has discussed before that PCS Securities is very consisting of the services they provide. Here are some drawbacks that they should take into consideration:

  • Relatively low Exposer or Leverage Ratio.
  • The dynamic Brokerage Charge & Fees are often treated negatively.
  • The lack of Company Reports, Annual Reports and Company Stock Review in Research & Advisory services.

PCS Securities Conclusion

PCS Securities is in the stockbroking industry for 15 years now.

They have been enlisted as one of the best stockbroker company in India, mainly because of the level of dedication they displayed over the years. Another factor is their consistency.

With excellent versatile trading platforms, a dedicated support team and amazing user experience, we can say PCS Securities is arguably the most trustworthy stockbroker company in India right now.


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 PCS Securities

Fill Your Details Here
  1. Open Demat AccountBecome Sub Broker

Featured Topics:

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Best Stock Broker in India

Best Demat Account in India

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