Phillip Capital Review, Brokerage Charges, Demat Account & more

Phillip Capital is a stockbroker company celebrating its 20 years operation. This Full-Service Broker company offers decent stock trading services and well-engineered trading platforms.

Although they don’t deal with Commodity Options Trading, all the other services are quite compelling. With over 146 customer reviews, this Mumbai based stockbroker company is still operating successfully all across India.

They provide decent Exposure / Leverage ratio and delivers quality customer support as well. Some experienced stock traders argue that they lack the conviction to deliver services consistently.

But still, it doesn’t change the fact that they are one of the best stockbroker companies in India right now.


Phillip Capital Customer Ratings & Review

Experience 2.6/5
Products & Services 2.9/5
Brokerage Charges & Fees 2.4/5
Stock Research & Advisory 2.5/5
Trading Platforms 2.9/5
Overall Ratings 2.6/5
Star Ratings ★★★☆☆
Total Client Reviews 146

 


About Phillip Capital

Company Type Public
Broker Type Full Service Broker
Headquarters Mumbai, Maharashtra
Founder Vineet Bhatnagar
Established Year 1999

Phillip Capital

Phillip Capital is a discoverer in Stockbroker industry, particularly in western India.

Incorporated in the year 1995, Vineet Bhatnagar inaugurated the first operative firm in Mumbai, the capital city of Maharashtra.

Phillip Capital has built its identity and managed to facilitate an incredible 428 branches all around India since its origin 2 decades ago.

Hopefully, they will continue to deliver their services to the best of their abilities.


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Phillip Capital 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 Free
Margin Money Minimum Rs.3,000
Brokerage Calculator Phillip Capital Brokerage Calculator

Phillip Capital is often scrutinised for a touch high brokerage fee. They provide Equity Delivery Trading at 0.35% which is reasonably higher compared to their rivals.

They don’t deal with Commodity Options Trading which is a shocker but they compensate well with Equity Intraday, Equity Futures and Currency Futures Trading at the rate of 0.04% respectively.

For Equity Options and Currency Options Trading, they levied ₹35 per lot and ₹20 per lot respectively. They contribute a Margin Money starting of ₹3,000.

The brokerage charges will be settled on the concluding transaction value.


Phillip Capital Other Charges

Transaction Charges 0.00310%
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)

Phillip Capital imposes a few more charges of 0.00310% as Transaction fees along the STT of 0.0126% on Total Turnovers respectively.

Prior to that the SEBI Turnover Charges of 0.0002% on Total Turnovers which the trading associates must pay. The Stamp Duty fee revolves around the states, so it is hard to predict a static rate that will be applicable.

18% of GST will be charged according. The definitive price includes the transaction cost plus the brokerage fees.

Meanwhile, these expenses won’t flood the profit margin of the traders much as fees are negligible.


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

Phillip Capital Demat Account Opening Fees

Depository Source CDSL & NSDL
Account Opening Charges Rs.350
Demat AMC Charges Free
Trading AMC Charges Free
Margin Money Minimum Rs.3,000
Offline to Online Yes

Phillip Capital imposes ₹350 which is a bit high to open a Demat account in compared to its rival stockbroker companies.

The Trading account free to open, nevertheless. The AMC is free for both Demat and Trading account respectively.


Phillip Capital 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

While Phillip Capital offers free AMC for Demat and Trading accounts, they don’t provide Discounts on Brokerage fees, neither they offer any Trading Happy Hours to their trading associates.

They do provide Flexible Brokerage Plans and exclusive Holiday offers that is always intriguing. There is no 1-month Brokerage Free trading in operation, neither they have any Referral Offer.

It is expected of them they don’t grant any concessions or rebates in case of a trader bear a loss.


How to Open a Demat Account with Phillip Capital?

Here are the procedures to open a Demat account with Phillip Capital:

  • The traders need to fill-up the initial registration form by clicking the green button that says “Open Demat Account”.
  • Then the traders need to submit the necessary KYC documents – Aadhaar Card, PAN Card, Age Proof, Identity Proof, Address Proof and 1 Passport Size Photograph.
  • Once the trader uploaded all the necessary KYC documents to their web-portal, a spokesperson of Phillip Capital will call you for the further verification process.
  • Once the verification process is complete, they will notify you and grant access to your Demat account.

Why Open Phillip Capital Trading Account?

Phillip Capital is a trusted and committed stockbroker company. They are one of the high-grade service providers when anyone considers opening a Demat account.

Here are some reasons:

  • Free AMC for both Demat & Trading account.
  • They are devoted to every inquiry or dilemma of trading associate through 428 branches.
  • Profitable recommendations to improve a trader’s vision.

Get a Call back from Phillip Capital

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Phillip Capital Products & Services:

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

Products Offered by Phillip Capital:

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

Phillip Capital offers uniform aid in Equity Trading, Currency Trading, Options, Futures and Mutual Funds. They have not initiated any Forex and Banking activities up until now.

However, they deal with Insurance plans.

Phillip Capital Service Offerings:

Demat Services Yes
Trading Services Yes
3 in 1 Acount No
Intraday Services Yes
IPO Services Yes
Stock Recommendations No
Robo Advisory No
PMS No
Trading Institution No
Trading Exposure Upto 6X

Phillip Capital offers free AMC of Demat and Trading account respectively. They are not a Trading Institution but interestingly offers Trading Exposure up to a massive 6x to their fellow trading associates.

Although they don’t deal with services like Robo Advisory and Stock Recommendations, they excellent IPO services along with a top-notch Intraday service.


Check Products & Services offered by other Stock Brokers –

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

Phillip Capital 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 Yes
Top Picks No
Daily Market Review No
Monthly Reports No
Weekly Reports No
Offline Advisory Yes
Relationship Manager Yes

Phillip Capital offers an average stockbroking service which not satisfactory with respect to what other stockbroker companies offer. Here is a list of their services:

  • Provide Fundamental Reports
  • Provide Research Reports
  • Free Stock Tips
  • Profitable IPO Reports
  • Provide Offline Advisory
  • Dedicated Relationship Manager

Phillip Capital Exposure or Leverage

Equity Delivery Upto 2X
Equity Intraday Upto 6X
Equity Futures Upto 2X
Equity Options Upto 5X
Currency Futures Upto 3X
Currency Options Upto 2X
Commodities Upto 2X
Margin Calculator Phillip Capital Margin Calculator

It has always been a mix-bag reaction to what Phillip Capital offer. They offer Equity Delivery exposer or leverage up to 2x which is below average.

But the biggest offer is for the Equity Intraday which is massive up to 6x. The Equity Futures is subsequently worse which up to 2x and but offer staggering up to 5x for Equity Options.

The Currency Futures is up to 3x which is relatively standard. The Currency Options exposer or leverage ratio is up to 2x which is miserable.

They continued to disappoint their Commodities traders with just up to 2x exposure or leverage ratio.


Phillip Capital Trading Platforms

Phillip Capital renders high-end trading platforms. The features furnished to each of their platforms are important and fitting:

Desktop Platform – Windows Yes
Desktop Platform – Mac No
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

Phillip Capital Trading Terminal:

Phillip Capital comes with an easy installation desktop application which is developed for only for Windows users. There is no update on the Mac version.

It has all the necessary in-built features like real-time updates, Global indices, Portfolio Details, Online MF Buy and many more. They also provide notable inputs via Interactive Charts and Live Markets updates.

Overall a brilliant application that serves the cause perfectly.

Phillip Capital Web Trading Platform:

Phillip Capital is committed to delivering a fitting experience in the through its Web trading platform.

They kept their web platform open as till date many people fancy web browser over desktop applications or mobile apps. It has all the features that the other platforms have.

Although the web trading platform is not mobile responsive, therefore, the experience will not be pretty.

Phillip Capital Mobile App:

Phillip Capital offers a full-fledged mobile app. The app is available in Android and iOS version that can be downloaded from their site or Google Playstore/ Apple Store.

The app not only has all the features but also comes with SMS notification and the email alerts. The Multi-Account Management option and Personalized Advisory options are the missing features in the app.


Phillip Capital 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 428

Phillip Capital delivers decent customer support via their Dedicated Dealers. They has 428 branches ready to serve its trading associates.

They render both Offline and Online services to the traders. No 24×7 service, no live chat support or Toll-free number support, but they have accountable email support which is quite responsive.


Phillip Capital Complaints and Feedback

Find the list of complaint against Phillip Capital –

Lodged in BSE 2
Resolved in BSE 2
Lodged in NSE 10
Resolved in NSE 10
Percentage of No. of Complaints Received Against Number of Active Clients 0.11

Quite a few complaints have been launched against Phillip Capital during the last 2 decades. Precisely 10 complaints from NSE and 2 from BSE respectively.

It is true that these stats are against their reputation but the percentage of the number of complaints received against the number of active clients is 0.11% which is very recommendable for a stockbroker company.


Phillip Capital Advantages and Disadvantages:

Phillip Capital has its own share of drawbacks. Here is a list of such disadvantages of their respective trading associates:

  • No Commodity Options Trading service.
  • Offers relatively fewer service features.
  • Inconsistency in Research & Advisory.
  • The number of complaints is higher as per industry standards.

Phillip Capital Conclusion

Phillip Capital has completed 20 years in the stockbroking industry. It has been a roller-coaster ride for them and the traders associated with them.

The positives are the range of services they offer minus the Commodity Options Trading with elite trading platform experience.

The negatives are the inconsistent Exposure / Leverage ratio along with the number of complaints issued against them.

But they seem dedicated to the service they offer and hopefully cut out their negatives to improve the overall user experience which is mediocre at this moment.


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 Phillip Capital

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  1. Open Demat AccountBecome Sub Broker

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