Prudent Broking Review, Brokerage Charges, Demat Account & more

We are here to discuss everything related to Prudent Broking reviews.

Starting with rating and reviews by the customer we will tell you about the company and different ways of accessing your trading and Demat account using different trading platforms provided by the brokerage company.

You will also get to know about the documents required to open an account and also, the need for a trading account.

Prudent Broking Ratings & Review by Top10StockBroker

About Prudent Broking

Prudent Broking is a private stockbroking and depository participant service, provider. It is also a member of NSE, BSE, MSEI, and CDSL.

Prudent Broking has 20 different branches with Headquarters in Ahmedabad, Gujrat. This company is known to provide secure and powerful technology over different platforms.

Market research and insight plays an important role in right investment decision making and Prudent Broking believes exactly the same. It has created different tools so that the clients meet their goals.

Open Demat Account with Prudent Broking

Prudent Broking Brokerage Charges

Prudent Broking brokerage charges are totally dependent on the amount, a client deposit. If one starts by depositing a high initial amount you are liable to benefit from reduced brokerage slabs.

As a client, you must choose from the various schemes and there is a direct relation between margin amount requirements and the scheme you choose.

Looking at the table above, you are to pay 0.51% for equity delivery trading. Then there are fees to be paid for Equity Intraday Trading, Commodity Options Trading, Equity Futures Trading, Equity Options Trading, Currency Futures Trading, Currency Options Trading, and Demat AMC Charges.

One thing which is to be noticed is, there are no charges involved in the annual maintenance of Trading Account. But you need to pay a minimum Rs.5,100 as margin money.

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Prudent Broking Other Charges

Paying additional charges is no exception to any broking company. You are bound to pay some extra to avail services. With Prudent Broking you will be paying 0.00315% as transaction charge, 0.0126% of total turnover as STT.

Apart from this, the broking house charges 0.0002% of Total Turnover as SEBI Turnover Charges, a very minimal amount as Stamp Duty, and 18% of (Brokerage + Transaction Charges) as GST.

Prudent Broking Demat Account Opening Fees

To have a Prudent Broking Demat Account, you need to know that the depository source is CDSL and NSDL.

You will have to pay Rs.310 to open the account, and you will be paying the same account for its annual maintenance.

Annual maintenance of the trading account is free of cost but you will be paying a minimum of Rs.5100 as margin money.

Prudent Broking Offers

Prudent Broking offers you a free Trading Account, but not free Demat Account. There are discounts on brokerage and you will find flexible brokerage plans.

There are no happy trading hours and no free brokerages and other referral offers. You get to avail the holiday offers.

To know about offers of other stock brokers check below

How to Open a Demat Account with Prudent Broking?

Procedure to open Prudent Broking Demat Account is –

1. First, you will fill a form for opening the account by clicking on the below Open Demat Account button & providing some basic details.
2. Next, there will be KYC documents uploading. This includes uploading identity proof, age proof, Aadhar card, PAN card, and
3. Once the uploading is complete. You can wait for the company to call you for the further verification process.
4. Once you are through all the above mention procedure, you will get access to the account within a few hours.

Why Open Prudent Broking Trading Account?

To carry out a trade, you need a trading account. It is mandatory. Trading Account helps a lot with trading too. A Demat account is responsible only for safeguarding your shares.

Having a Prudent Trading Account means-

• You are going to get a user-friendly trading platform. This actually makes you trading free of any problems
• You will be provided with different services and research results which will help you invest better.

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Prudent Broking Products & Services:

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

Products Offered by Prudent Broking:

You are benefited with Equity Trading, Commodity Trading, and Currency Trading but not with Mutual Funds, Banking, Forex, SIP, and insurance.

If you have any doubt at any point you are free to contact the customer care service provided by the company.

Prudent Broking Service Offerings:

Prudent Broking Services include Demat services, Trading Services, Intraday Services, Stock Recommendations, PMS, Trading Institution and a trading Exposure of up to 7X.

All these services aim at giving you proper training so that you learn how to use different trading platforms.

Prudent Broking Research, Advisory and Stock Tips

Since Prudent Broking Wants the best for its client, they are involved in lot of research and provide you with Fundamental Reports, Research Reports, Company Reports, Annual Reports, Company Stock Review & many more.

Along with this they also provide Free Stock Tips, IPO Reports, Top Picks, Daily Market Review, Monthly Reports, Weekly Reports, Offline Advisory and Relationship Manager help.

Prudent Broking Exposure or Leverage

As a client, you are subjected to a high level of exposure of up to 7X.

Starting from Equity delivery where you get exposure up to 2X, Equity Intraday up to 7X, Equity Futures up to 3X, Equity Options up to 5X, Currency Futures up to 3X and exposure of 3X in commodities.

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Prudent Broking Trading Platforms

There is various trading platform provided by Prudent Broking, they are –

Prudent Broking Web-based Trading

Prudent Broking Web-based trading is only mobile based. So you are free to access it using the browser which suits you the best but only using your mobile. Be it chrome or firefox.

• You will be needing good internet connectivity to access the platform.
• There’s no need to download anything
• It provides you with regular research results along with live market streaming.

Prudent Broking Trading Terminal

Prudent Broking trading terminal is an executable file so all you need to do is, download it and install it. It gives some exciting features like –

• You can transfer money from different bank accounts.
• It offers high speed along with multi-view in a single screen

Prudent Broking Mobile Trading App

Prudent Broking Mobile application is available for both androids as well as iOS users. Features given in the app include –

• Tracking all investments and trade.
• You can directly contact the relationship manager in case of an
• All required details related to the stock market is provided.

Prudent Broking Customer Care

Prudent Broking Customer care support is excellent. You get email-support.

Although there is no toll-free number, the company has 20 branches across India providing the clients with their best services be it in online or offline trading.

Prudent Broking Complaints and Feedback

Find the list of complaint against Prudent Broking –

There were 12 complaints related to NSE lodging and resolving, but that is too less if you consider the Percentage of No. of Complaints Received against Number of Active Clients.

Prudent Broking Disadvantages:

Below mentioned is the list of cons of Prudent Broking:

1. There’s no web-based PC platform.
2. The research work is average in certain cases.
3. Keep in mind the hidden charges involved.

Prudent Broking Conclusion

Prudent Broking is a new company. It is working a lot in research work so that it can help its client with the best result.

Maintaining a Trading Account is totally free of cost but there is high margin money involved. You get a trading exposure of up to 7X. This company is flourishing at a good rate.

Open Demat Account with Prudent Broking

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