Pravin Ratilal Review, Brokerage Charges, Demat Account & more

Pravin Ratilal Brokers is one of the consistent Stockbroker companies in India. With around 155 customers reviews, the company has set very high standards in producing quality stockbroking services.

Around 380 branches all around India working for more than 25 years, they are surely one of the most flourishing stockbroker companies in India.

The most striking factor is the cutting edge features they offer in their trading platform which are futuristic and beneficial compared to any other leading Stockbroker company.

Pravin Ratilal Ratings & Review by Top10StockBroker

About Pravin Ratilal

Pravin Ratilal Brokers has plastered their name among one of the superior stockbroker companies by their instinctive dedication in every service that they provide.

Mr Shwetaben Jigenbhai Sharedalal established the company in the year 1994 at Ahmedabad, Gujarat. Since then their success story became a never-ending story in the stockbroking industry.

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Pravin Ratilal Brokerage Charges

Pravin Ratilal Brokers offer Equity Delivery Trading at just 0.28% and 0.03% 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 Rs 28 and Rs 18 per lot respectively, which is one of the most competitive brokerage fees in the stockbroking industry.

They do offer a Margin Money threshold of Rs 20,000. The brokerage percentage fees will be calculated on the final transaction amount.

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Pravin Ratilal Other Charges

There will be an additional fee of 0.00295% as Transaction fees, which is industry standard 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 too.

The cost of Stamp Duty varies from state to state, so one can’t determine the actual percentage. Finally, 18% of GST will be levied on the final amount includes the transaction amount plus the brokerage fees.

Meanwhile, these nominal fees won’t affect the profit margin of the traders at a significant rate.

Pravin Ratilal Demat Account Opening Fees

With Pravin Ratilal Brokers, the cost to open a Demat account is Rs 280. For the AMC, the same amount will be levied by them. As for the Trading accounts, they don’t charge anything to open or as AMC.

Pravin Ratilal Offers

As mentioned earlier they provide free Trading accounts and charge ₹280 for the AMC of Demat accounts. They don’t offer special discounts on Brokerage fee, neither they don’t provide any “Happy Hours”.

However, they do have Flexible Brokerage plans. Sadly, no Holidays offers to privileged clients. There was a buzz 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. If in case a trader incurs a loss, they will not provide any rebate or discount in their Brokerage fees.

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How to Open a Demat Account with Pravin Ratilal?

Here are the steps to open a Demat Account with Pravin Ratilal Brokers:

• Click on the green “Open an Account” button & fill up the form.
• Pravin Ratilal Brokers will contact you and ask for the KYC documents. Once the verification process is complete, they will send the payment link.
• Once the payment is done, they will generate a credential for the account. Then the trader can access their respective account.

Why Open Pravin Ratilal 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 Pravin Ratilal Brokers:

• They provide free Trading account opening along with its AMC.
• The brokerage fee is competitive.
• A wide range of stock trading services.

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Pravin Ratilal Products & Services

Below we have describes only the available products by Pravin Ratilal:

Pravin Ratilal Products

Pravin Ratilal Brokers facilitates top-notch of stock trading services. They offer Equity Trading, Commodity Trading, Currency Trading, Options, Futures, Mutual Funds and SIP-related services.

However, they have not shown interest in providing Forex and Banking related activities.

Pravin Ratilal Service Offerings

Beside Demat & Trading account related services, Pravin Ratilal Brokers also deals with Intraday Services, IPO Services and Stock Recommendations.

They have not initiated any 3-in-1 Account or Robo Advisory related services yet. Pravin Ratilal Brokers delivers up to staggering 5x Trading Exposure in spite of not being a Trading Institution.

Pravin Ratilal Research, Advisory and Stock Tips

Here is a list of stock trading services that Pravin Ratilal Brokers contribute to their trading associate:

• They provide free stock tips.
• The Broking house provides IPO reports.
• Stock broker suggest Top picks.
• Pravin Ratilal provides Daily Market reviews.
• They provide Weekly and Monthly reports.
• The broking company provides Offline Advisory.
• They provide dedicated Relationship Managers.

Pravin Ratilal Exposure or Leverage

Pravin Ratilal Brokers offers lucrative exposers and leverage ratio to their existing trading associates. For Equity Delivery, Equity Futures and Currency Options they provide up to 2x which is mediocre in the stockbroking industry.

Currency Futures and Equity Options, they offer up to 4x which excellent. For Commodities, they offer up to 3x which is decent as well. But the trump-card is Equity Intraday as they offer up to 5x.

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Pravin Ratilal Trading Platforms

Pravin Ratilal Brokers offers multi-platform service for clients’ convenience:

Pravin Ratilal Brokers Trading Terminal

Pravin Ratilal Brokers offers one of the high-grade Desktop applications to both Windows and Mac users. It covers all the basic feature that circulates around the stockbroking industry.

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

Pravin Ratilal Brokers Web Trading Platform

The browser version portal is competent enough to obtain real-time stock reports, which is one of the smartest in the market.

It also has Online MF Buy, Global Indices and Live Market reports to keep the traders updated. Although the unavailability of Personalised Advisory and Research Reports are worth mentioning drawbacks.

However, they make it up by providing Portfolio Details and Interactive Charts fetched from the stock market.

Pravin Ratilal Brokers Mobile Trading App

The Pravin Ratilal Brokers’ Mobile app experience is one of the reliable trading platforms in the market that supports both Android and iOS users.

No Windows user, however. Like the desktop application and the browser versions, it has all the functionalities in-built.

It has some noteworthy features like SMS and email alerts which is handy for quick market reviews. There is no Multi-Account Management option in the app so far.

Pravin Ratilal Customer Care

The broking company offers the following networks of communications to its users as given below:

Pravin Ratilal Brokers deliver trustworthy customer care support. With Dedicated Dealers in operation, they provide support to both online and offline traders.

With 380 branches across India, they provide quality service, which earns them the respect to become one of the best customer care support services in India.

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

Pravin Ratilal Complaints and Feedback

Pravin Ratilal Brokers is in operation for more than 25 years now. But they did a remarkable job as just 1 complaint have been issued from NSE which have been dealt with absolute precision.

The percentage of the number of complaints received against the number of active clients is 0%. They almost did the perfect job every time.

Pravin Ratilal Disadvantages:

Over the span of 25 years, Pravin Ratilal Brokers like other stockbroking companies took some missteps. Here is a list:

• There is a cost for opening and maintaining a Demat account which the traders get for free with most of the other companies.
• They need to provide more offers to keep getting new business.
• Limited Research & Advisory services.

Pravin Ratilal Conclusion

With their Silver Jubilee in stockbroking industry, Pravin Ratilal Brokers hardly put a wrong step. They are consistent in stock trading services backed by an unbelievable support team.

The Stock broker has become a giant in this industry and the credit goes to their constant dedication to improving their services.

Pravin Ratilal just need to fabricate some lucrative offers get obtain business prospects and sustain in the longer run.

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