Saaketa Consultants Review, Brokerage Charges, Demat A/C, Platforms & more

Saaketa Consultants Ltd. Popularly known as SCL has been known to be one of the most promising Hyderabad based non-banking financial services provider. The company has been functioning since the year 1995 after it was registered with the National Stock Exchange.

However, we will put our focus on this particular article on evaluating the company on the basis of their services, the kind of financial products they have & the offers they come up with eventually or regularly.

We will also look into the kind of leverage one can expect from them in terms of different asset classes, overall taxes they charge and most definitely the trading platforms they have to offer.

Saaketa Consultants Ratings & Review

About Saaketa Consultants

Saaketa Consultants Ltd. Popularly known as SCL has been known to be one of the most promising Hyderabad based non-banking financial services provider.

The company has been functioning since the year 1995 after it was registered with the National Stock Exchange.

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Saaketa Consultants Brokerage Charges

If you take nice look at the aforementioned table of content then you will notice that Saaketa Consultants, as a full service non banking financial services provider, has very strict policies with respect to their brokerage charges.

The table state the company typically charges an amount worth 0.02 % as brokerage on Currency Futures Trading, Rs. 17 per lot as brokerage on Currency Options Trading.

The broker charge only 0.02 % brokerage on Commodity Options Trading, 0.17 % brokerage on Equity Delivery Trading, 0,02 % on Equity Intraday Trading, 0.02 % on Equity Futures Trading.

Saaketa also levies Rs. 17 per lot on Equity Options Trading and Rs. 339 per annum with regards to annual maintenance charges for keeping a Demat Account.

They also require their respective customers to maintain a minimum balance of Rs. 5,000 as Margin Money.

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Saaketa Consultants Other Charges

Saaketa Consultants also charge a certain amount in terms of various taxes from their respective customers. The aforementioned table of contents elaborates the same.

As you can establish from looking at the table, they strictly charge an amount worth 0.0126 % of the overall turnover of an individual client in terms of STT, an amount worth 0.00298 % of the respective client’s overall turnover in terms of Transaction Charges.

The stock broker levied 0.0002 % worth the total turnover value of the respective client in terms of SEBI Turnover Charges, 18% worth the sum of the overall brokerage as well as transaction charge valid on overall turnover as GST and a variable amount as Stamp Duty in accordance to the differing state norms.

Saaketa Consultants Demat Account Opening Fees

Being one of the most reputed full service non banking financial consultants and brokerage houses, specifically within the Hyderabad region, Saaketa Consultants have always embraced the people who are interested in joining the company as traders or as investors.

As of now, anyone can get an account (Trading or Demat) opened up with the company by simply paying off a joining fee of Rs. 300.

However, once a member, all the clients of the company are required to maintain a minimum balance of Rs. 5,000 as Margin Money and in case of a Demat Account.

The client also need to pay an annual maintenance fee of Rs. 339. You must understand that all the transactions we’ve mentioned earlier can be carried out through CDSL or NSDL.

Saaketa Consultants Offers

The Saaketa Consultants company provides qualitative offers to its customers.

Well, as you can see from the aforementioned chart of content, Saaketa Consultants, being a fully integrated brokerage house has got exclusive offers for their respective clientele with respect to Flexible Brokerage Plans, Free Trading Account, Holiday Offers and Discount on the overall Brokerage.

Nevertheless, they do not have any offers concerning, Zero Brokerage on Loss Making Trades, Free Demat Accounts, Referral Offers, One Month of Free Brokerage Allowance or Trading Happy Hours.

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How to Open a Demat Account with Saaketa Consultants?

If you really are interested in joining Saaketa Consultants as an investor or even as a trader, then simply follow the set of instructions as we have mentioned them under this particular section:-

1. Locate the green colored button stating ‘Open Demat Account’ just below this specific segment of the website and click on it.
2. Understand the requirements as asked by the new form that will pop up on your computer screen after you’ve clicked on the aforementioned button.
3. Fill up the entire form, especially the areas that are mandatory with correct information.
4. Upload the fully filled up form and move over to completing the KYC verification.
5. This step will require you to have and upload your Adhar Card, PAN Card and an image so as to verify your Age, address and identity respectively.
6. Once you have completed all the above steps, an authorized representative of the company will get on touch with you and help you out with the last few verification formalities.
7. You will be granted complete and unhindered access to your new (Trading or Demat) account in a few hours’ time after completing all the steps as mentioned earlier.

Why Open Saaketa Consultants Trading Account?

Strictly speaking, you do not have any alternative other than to have a Demat or a Trading Account so as to trade within the Indian Trading Industry legally.

Anyway, that is not the only reason you need to know in order to consider opting Saaketa Consultants as your brokerage service providers:-

• They help you to deal in all the imaginable non-banking stock trading asset classes under one roof.
• They have been recognized for their tremendously sophisticated customer care services throughout the Hyderabad region.

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Saaketa Consultants Products & Services

Here are the list of Products & Service provided by Saaketa Consultants –

Products Offered by Saaketa Consultants

We believe that you must already have a firm knowledge about all the financial products as being offered by Saaketa Consultants to their respective customers, after looking at the aforementioned chart of contents.

However, in case you still have a doubt, we must tell you that they have products related to Systematic Investment Plans, Futures Trading, Currency Trading, Insurances, Options Trading, Mutual Funds, Commodity Trading and Equity Trading.

However, you must also acknowledge that they do not have any products dealing with Forex trading or Conventional Banking.

Saaketa Consultants Service Offerings

Looking at the table of contents presented to you right before this section will give you a proper hint about the services as offered by Saaketa Consultants to their respective clients.

As you can conclude, they have services with respect to Trading Services, Intraday Services, Demat Account, Trading Institution, Initial Public Services and Stock Recommendations, with up to six times the average trading exposure.

Saaketa Consultants Research, Advisory and Stock Tips

Although, not the best, however, Saaketa Consultants’ list of Research and Advisory Services has some pretty well defined and interesting mentions including Relationship Manager, Weekly Reports, Offline Advisory, Monthly Reports, Top Picks, Daily Market Reviews, Free Stock Tips, IPO Reports and Research Reports.

Saaketa Consultants Exposure or Leverage

The aforementioned table gives a pretty clear description on the kind of leverage or exposure you can expect to receive from Saaketa Consultants while trading across certain asset classes.

As you must have already concluded, they provide a trading exposure of upto 6 times on Equity Intraday Trading, up to 2 times on Equity Delivery Trading & Commodities Trading.

They provide up to 3 time limit on Equity Futures Trading, up to two times on Currency Futures Trading, up to five times on Equity Options Trading and up to four times on Currency Options Trading respectively.

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Saaketa Consultants Trading Platforms

The Saaketa Consultants is the best company offer convenient products and services. With great offerings, it also offers flexible trading platforms also.

Saaketa Consultants Web Trading Platform

Saaketa Consultants has a web based trading platform based on NSE’s NOW (NSE On Web) software.

This application has been praised for being one of the most stable web based remote trading platforms, specifically for the Indian stock trading industry.

The web app consists of the following features:-

• The ability to execute super quick trading, charting and analytical activities even at lower band widths.
• The app has been developed in a way that it can grant access to daily tips, market reviews and other relevant research and advisory related articles to the respective user.
• The app comes loaded with more than fifteen distinct charts and over eighty indicators to help the respective users with their analytical executions.
• The web app has been integrated with a firm risk management system that ensures extensive security of data and financial transactions made by the respective users.

Saaketa Consultants Mobile Trading App

The broking house currently don’t provide any mobile app for trading.

Saaketa Consultants Customer Care

Saaketa Consultants have been able to spread their respective network of more than three hundred branches throughout the nation after their inception in the past two and a half decades.

They use these branches to distribute services like Email Support, Offline Trading Support, Online Trading Support and Dedicated Dealers to their respective clients.

Saaketa Consultants Complaints and Feedback

Find the list of complaint against Saaketa Consultants:

As you can see within the aforementioned chart, only one complaint was logged against Saaketa last year in the National Stock Exchange, which also has been resolved.

Saaketa Consultants Disadvantages

• They do not have a mobile based trading platform to offer.

Saaketa Consultants Conclusion

Looking at the past few years’ records, Saaketa Consultants can clearly be trusted with providing brokerage and other relevant non banking services.

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