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 Customer Ratings & Review

Experience 2.5/5
Products & Services 3.4/5
Brokerage Charges & Fees 3.3/5
Stock Research & Advisory 2.6/5
Trading Platforms 2.4/5
Overall Ratings 2.7/5
Star Ratings ★★★☆☆
Total Client Reviews 376


About SHCIL Services

Company Type Private
Broker Type Full Service Broker
Headquarters Mumbai, Maharashtra
Founder Sanjay Pundalik Pote
Established Year 1995

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.

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SHCIL Services Brokerage Charges

Equity Delivery Trading 0.1% – 0.2%
Equity Intraday Trading 0.01% – 0.02%
Commodity Options Trading NA
Equity Futures Trading 0.01% – 0.02%
Equity Options Trading Rs.10 – Rs.20 per Lot
Currency Futures Trading 0.01% – 0.02%
Currency Options Trading Rs.10 – Rs.20 per Lot
Minimum Brokerage Percentage of Transaction
Demat AMC Charges Rs.229 per Annum
Trading AMC Charges Free
Margin Money Minimum Rs.5,000
Brokerage Calculator SHCIL Services Brokerage Calculator

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.

SHCIL Services Other Charges

Transaction Charges 0.00269%
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)

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.

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

SHCIL Services Demat Account Opening Fees

Depository Source CDSL & NSDL
Account Opening Charges Rs.399
Demat AMC Charges Rs.229 per Annum
Trading AMC Charges Free
Margin Money Minimum Rs.5,000
Offline to Online Yes

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

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 Yes
Referral Offers No
Zero Brokerage for Loss Making Trades No

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.

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.

Get a Call back from 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:

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

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:

Demat Services Yes
Trading Services Yes
3 in 1 Acount No
Intraday Services Yes
IPO Services Yes
Stock Recommendations No
Robo Advisory No
Trading Institution No
Trading Exposure Upto 5X

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.

Check Products & Services offered by other Stock Brokers –

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

SHCIL Services Research, Advisory and Stock Tips

Fundamental Reports No
Research Reports Yes
Company Reports No
Annual Reports No
Company Stock Review No
Free Stock Tips Yes
IPO Reports No
Top Picks Yes
Daily Market Review No
Monthly Reports No
Weekly Reports No
Offline Advisory Yes
Relationship Manager Yes

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

Equity Delivery Upto 2X
Equity Intraday Upto 5X
Equity Futures Upto 2X
Equity Options Upto 5X
Currency Futures Upto 4X
Currency Options Upto 3X
Commodities Upto 3X
Margin Calculator SHCIL Services Margin Calculator

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.

SHCIL Services Trading Platforms

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

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 No
News Flash No
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

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

Dedicated Dealer Yes
Offline Trading Yes
Online Trading Yes
24*7 Support No
Email Support Yes
Chat Support No
Toll Free Number No
Branches 920

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 –

Lodged in BSE 2
Resolved in BSE 2
Lodged in NSE 8
Resolved in NSE 8
Percentage of No. of Complaints Received Against Number of Active Clients 0.05

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.

Check detailed review of similar full service brokers:

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

Open Demat Account with SHCIL Services

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  1. Open Demat AccountBecome Sub Broker

Featured Topics:

Top 10 Discount Brokers in India

Top 10 Full Service Brokers in India

Best Intraday Trading Brokers in India

Top 10 Sub Broker Partner in India

Best Stock Broker in India

Best Demat Account in India

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