SHCIL Services Review, Brokerage Charges, Demat Account & more

SHCIL Service is one of the well known full service house in Mumbai.

Here, we will be discussing about SHCIL Services Review and we will also cover every aspect of this financial firm. Everything a customer should know about this firm will be discussed in this article elaborately.

In this article, ratings and reviews are also given. These will help a customer to decide whether to choose SHCIL Services as their brokerage partner or not.

SHCIL Services Ratings & Review by Top10StockBroker

About SHCIL Services

The renowned financial firm, SHCIL Services was established in the year of 1995. SHCIL Services has its headquarters located in Mumbai, Maharashtra.

SHCIL Services is an Indian company. Since its inception, the company has faced some ups and downs but successfully managed to become a renowned brokerage firm today. They are a full-service broker.

The company was founded by Shri Sanjay Pundalik & they are a private company. The people working in this broking house are very experienced professionals.

They have played a very important role in the growth of the company. The workers here are fully devoted to the satisfaction of their customers.

Open Demat Account with SHCIL Services

SHCIL Services Brokerage Charges

The SHCIL Servies charges depend directly and indirectly on the amount of money deposited in a person’s account. Trading account to be specific.

The Equity Delivery Trading is charged at about 0.1% to 0.2%. The Equity Intraday Trading charges are about 0.01% to 0.02%. The Commodity Options Trading are not at all charged by the SHCIL Services.

This may be an attractive point to choose SHCIL Services. The Trading AMC (Annual Maintenance Charges) are also nil. This is also a very good point to attract new customers.

The Demat AMC (Annual Maintenance Charges) are Rs.229 per annum. The minimum brokerage charges depend on the percentage of the transaction.

Currently, the Currency Options Trading is charged between Rs.10 – Rs.20 per lot.

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SHCIL Services Other Charges

Some other charges are being charged by different financial firms and brokerages. These charges are not just specific to SHCIL Services.

But, they are being charged by almost each and every brokerage present in the Indian markets. A transaction charge of 0.00269% is charged by the broker.

SEBI Turnover charges of 0.0002% are also charged at the total turnover value.

SHCIL Services Demat Account Opening Fees

The various different charges involved in having a SHCIL Services Demat Account is described in the above table.

In the table, all the charges regarding opening of Demat Account is given. The Trading AMC charges are nil.

The Margin Money reuired to invest is minimum Rs.5,100. The account opening charges are Rs.399. The Demat AMC charges are Rs.299 per annum.

SHCIL Services Offers

The brokerage firms also give many offers to attract their customers. SHCIL Services provides you flexible brokerage plans. There are holiday offers also.

But no referral offers are like other brokerage companies. The brokerage also provides free trading account but the demat account is not free.

Trading Happy Hours are also not provided by the broking house.

To know about offers of other stock brokers check below

How to Open a Demat Account with SHCIL Services?

The following procedures must be followed by a person to open a SHCIL Services Demat Account.

1. A form should be filled by clicking on the Open Demat Account button below by the customer.
2. Some documents will be required. These include the KYC documents like Aadhar card, PAN card, age proof, address proof, identity proof and few photographs.
3. After the successful submissions of the documents, a verification call will most probably take place
4. The rest details to log into your account will be provided to you and you will gain access of your Demat Account.

Why Open SHCIL Services Trading Account?

A trading account is made mandatory by the Constitution of India. Without a trading account, a person can not simply perform trades in the financial markets. A trading account is different than a demat account. A trading account helps you to do trades.

By possessing SHCIL Services trading account, a person can get the following advantages –

• They provide a very easy to use and hassle free trading platform for its users.
• Along with the trading platform a client can also access many different services provided by SHCIL Services.

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SHCIL Services Products & Services

Here are the list of Products & Services provided by SHCIL Services –

Products Offered by SHCIL Services:

SHCIL Services products include a lot of stuff. They have Equity Trading, Currency Trading, Options Trading and Futures also.

Other products like banking, SIP, insurance, mutual funds, forex are not provided by the broking company.

Service provided by SHCIL Services:

There are many different services provided by SHCIL Services. They provide their top quality demat services to its customers.

The trading services are also provided in addition to demat services. The Intraday services and IPO services are also provided.

But, there are no stock recommendation systems. The brokerage also doesn’t provide any trading exposure. There is no trading institution in SHCIL Services.

SHCIL Services Research, Advisory and Stock Tips

The research and advisory provided by the SHCIL Services are very good. They offer very scientific research in their areas.

• The research reports are frequently published.
• Free stock tips are also provided by the brokerage to their customers.
• Top picks for a particular time period are also given to customers.
• A relationship manager is also present per customer for support purposes.

SHCIL Services Exposure or Leverage

The brokerage, SHCIL Services firm provides exposure of up to 4X in Currency Futures, upto 3X in Currency Options, up to 3X in Commodities and up to 5X in Equity Intraday.

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SHCIL Services Trading Platforms

Find thorough details on various trading platforms offered by SHCIL Services to its consumers.

SHCIL Services Web Trading Platfrom

SHCIL Services Web-based trading can be comfortably opened through various browsers like Chrome, Mozilla, Microsoft Edge, Explorer, etc. You must log into your profile and then trade.

All about this platform –

• Good and reliable internet connection – required.
• No need to download as a platform is web-based.
• Provides live market streaming.
• They have email alerts feature.

SHCIL Services Mobile Trading App

The mobile app provided by this firm is much more user-friendly and easy to use. SHCIL Services mobile trading platform based applications support both iOS and Android versions. The cool features of this app are –

• Easily traceable all investments.
• Every small detail regarding the stock market comes to you within seconds.
• In case of any issues, the customer redressal system using the mobile app is very fast and reliable.

SHCIL Services Trading Terminal

SHCIL Services trading terminal is in the form of an executable file which provides the customer with an easy to use trading platform. Just simply download it and install it in your computer.

SHCIL Services Customer Care

SHCIL Services customer care has a very robust system for customer care. Any complaints are managed by the experts working in the company.

They always help their customers in the best possible manner.

SHCIL Services Complaints and Feedback

Find the list of complaint against SHCIL Services –

The above table shows that there are very few complaints against SHCIL Services. This brokerage firm is trusted among its customers.

SHCIL Services Disadvantages:

Here are some of the cons if you make use of this full-service broker for your stock market trading:

• There are presently more than 10 complaints lodged.
• The iOS app is a little buggy
• They can enhance their customer satisfaction

SHCIL Services Conclusion

SHCIL Services is a very good company if you are looking to get a new brokerage. The company will help you to invest in the financial markets.

Their experts professional will never make you feel that you are alone in the markets.

Open Demat Account with SHCIL Services

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