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 Customer Ratings & Review

Experience 2.9/5
Products & Services 3.4/5
Brokerage Charges & Fees 3.1/5
Stock Research & Advisory 3.3/5
Trading Platforms 2.9/5
Overall Ratings 3.2/5
Star Ratings ★★★☆☆
Total Client Reviews 155

 


About Pravin Ratilal

Company Type Public
Broker Type Full Service Broker
Headquarters Ahmedabad, GJ
Founder Shwetaben Jigenbhai Sharedalal
Established Year 1994

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

Equity Delivery Trading 0.28%
Equity Intraday Trading 0.03%
Commodity Options Trading 0.03%
Equity Futures Trading 0.03%
Equity Options Trading Rs.28 per Lot
Currency Futures Trading 0.03%
Currency Options Trading Rs.18 per Lot
Minimum Brokerage Percentage of Transaction
Demat AMC Charges Rs.280 per Annum
Trading AMC Charges Free
Margin Money Minimum Rs.20,000
Brokerage Calculator

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.


Pravin Ratilal Other Charges

Transaction Charges 0.00295%
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 0.00295% 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.


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

Pravin Ratilal Demat Account Opening Fees

Depository Source CDSL & NSDL
Account Opening Charges Rs.280
Demat AMC Charges Rs.280 per Annum
Trading AMC Charges Free
Margin Money Minimum Rs.20,000
Offline to Online Yes

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

Free Demat Account No
Free Trading Account Yes
Discount on Brokerage No
Trading Happy Hours No
Flexible Brokerage Plans Yes
1 Month Brokerage Free No
Holiday Offers No
Referral Offers No
Zero Brokerage for Loss Making Trades No

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.


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

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

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

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 5X

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.


Check Products & Services offered by other Stock Brokers –

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

Pravin Ratilal 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 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

Equity Delivery Upto 2X
Equity Intraday Upto 5X
Equity Futures Upto 2X
Equity Options Upto 4X
Currency Futures Upto 4X
Currency Options Upto 2X
Commodities Upto 3X
Margin Calculator Pravin Ratilal Margin Calculator

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.


Pravin Ratilal Trading Platforms

Pravin Ratilal Brokers offers 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 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

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:

Dedicated Dealer Yes
Offline Trading Yes
Online Trading Yes
24*7 Support No
Email Support Yes
Chat Support No
Toll Free Number No
Branches 380

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

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

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.


Check detailed review of similar full service brokers:

Mangal Keshav  MasterTrust Networth Direct Reliance Securities
Axis Direct  SMC Global GEPL Capital  SBI Cap Securities

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