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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


Prudent Broking Ratings & Review by Top10StockBroker

Experience 2.7/5
Products & Services 2.8/5
Brokerage Charges & Fees 2.4/5
Stock Research & Advisory 2.5/5
Trading Platforms 2.3/5
Overall Ratings 2.5/5
Star Ratings ★★★☆☆

 


About Prudent Broking

Company Type Private
Broker Type Full Service Broker
Headquarters Ahmedabad, GJ
Founder Munjal Jayant Mehta
Established Year 2004

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

    Fill Your Details Here


    Prudent Broking Brokerage Charges

    Equity Delivery Trading 0.51%
    Equity Intraday Trading 0.05%
    Commodity Options Trading 0.05%
    Equity Futures Trading 0.05%
    Equity Options Trading Rs.51 per Lot
    Currency Futures Trading 0.05%
    Currency Options Trading Rs.31 per Lot
    Minimum Brokerage Percentage of Transaction
    Demat AMC Charges Rs.310 per Annum
    Trading AMC Charges Free
    Margin Money Minimum Rs.5,100
    Brokerage Calculator Prudent Broking Brokerage Calculator

    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.


    Find Brokerage Charges of other Brokers

    Prudent Broking 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)

    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

    Depository Source CDSL & NSDL
    Account Opening Charges Rs.310
    Demat AMC Charges Rs.310 per Annum
    Trading AMC Charges Free
    Margin Money Minimum Rs.5,100
    Offline to Online Yes

    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

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

    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.

    Get a Call back from Prudent Broking

      Fill Your Details Here


      Prudent Broking Products & Services:

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

      Products Offered by Prudent Broking:

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

      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:

      Demat Services Yes
      Trading Services Yes
      3 in 1 Acount No
      Intraday Services Yes
      IPO Services No
      Stock Recommendations Yes
      Robo Advisory No
      PMS Yes
      Trading Institution Yes
      Trading Exposure Upto 7X

      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

      Fundamental Reports Yes
      Research Reports Yes
      Company Reports Yes
      Annual Reports Yes
      Company Stock Review Yes
      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

      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

      Equity Delivery Upto 2X
      Equity Intraday Upto 7X
      Equity Futures Upto 3X
      Equity Options Upto 5X
      Currency Futures Upto 3X
      Currency Options Upto 3X
      Commodities Upto 3X
      Margin Calculator Prudent Broking Margin Calculator

      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.


      Find Exposure or Margin of other Stock Brokers

      Prudent Broking Trading Platforms

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

      Desktop Platform – Windows Yes
      Desktop Platform – Mac Yes
      Desktop Browser Platform No
      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 No
      News Flash Yes
      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

      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

      Dedicated Dealer Yes
      Offline Trading Yes
      Online Trading Yes
      24*7 Support No
      Email Support Yes
      Chat Support No
      Toll Free Number No
      Branches 20

      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 –

      Lodged in BSE 1
      Resolved in BSE 1
      Lodged in NSE 12
      Resolved in NSE 12
      Percentage of No. of Complaints Received Against Number of Active Clients 0.22

      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

        Fill Your Details Here


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