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SPFL Securities first initiated its share broking business in February 1995.

The company then collaborated with the franchise to the cities like Lucknow, Ahemdabad, Noida, Gurgaon, etc, to expand the business. The basic philosophy of the company is “Share the experience, share the wealth”.

In this Article, we will find detailed review of SPFL Securities, its products & services, its offers, brokerage & more.

SPFL Securities offers

SPFL Securities Ratings & Review by Top10StockBroker

Experience 2.9/5
Products & Services 3.4/5
Brokerage Charges & Fees 3.3/5
Stock Research & Advisory 2.3/5
Trading Platforms 2.4/5
Overall Ratings 2.4/5
Star Ratings ★★★☆☆


About SPFL Securities

Company Type Private
Broker Type Full Service Broker
Headquarters New Delhi
Founder Padam Kumar Jain
Established Year 1995

SPFL Securities

SPFL is a private based company and its primary location is in New Delhi. The company was established on 9th of June in 1995.

The founder of the full service broker business is Padam Kumar Jain.

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    SPFL Securities Brokerage Charges

    Equity Delivery Trading 0.36%
    Equity Intraday Trading 0.04%
    Commodity Options Trading 0.04%
    Equity Futures Trading 0.04%
    Equity Options Trading Rs.36 per Lot
    Currency Futures Trading 0.04%
    Currency Options Trading Rs.36 per Lot
    Minimum Brokerage Percentage of Transaction
    Demat AMC Charges Rs.360 per Annum
    Trading AMC Charges Rs.150 per Annum
    Margin Money Minimum Rs.7,000
    Brokerage Calculator SPFL Securities Brokerage Calculator

    The brokerage charge that is mentioned above is applied for the traders. The charges are provided as per the nominal market rates and thus the charges will be levied according to the transactional value.

    Generally, the company charges 0.36% for equity delivery trading, 0.04% on equity intraday trading, commodity options trading, equity futures trading.

    The company also offers for RS. 36 per lot on equity options trading, currency options trading, Rs. 360 per annum on Demat AMC and Trading AMC gets charged to Rs. 150 per annum.

    The traders get margin money for a minimum of Rs.7,000.

    Find Brokerage Charges of other Brokers

    SPFL Securities Other Charges

    Transaction Charges 0.00312%
    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)

    The above chart showcases that some additional charges gets added upon the Brokerage Charges fees which are transactional that costs about 0.00312%.

    Along with it STT is charged of about 0.0126% of total turnover, SEBI Turnover charges for 0.0002% of total turnover.

    Stamp duty charges lies upon the particular State and GST costs about 18% of (Brokerage+Transaction Charges). The additional charges are too minimal to affect any kind of investments or profit percentage.


    SPFL Securities Demat Account Opening Fees

    Depository Source CDSL & NSDL
    Account Opening Charges Free
    Demat AMC Charges Rs.360 per Annum
    Trading AMC Charges Rs.150 per Annum
    Margin Money Minimum Rs.7,000
    Offline to Online Yes

    You can easily get your account opening with free of cost. Demat account comes in very cheap amount and the investor tends to pay a nominal amount for their Demat account.

    Demat AMC charges for Rs. 360 per annum, Trading AMC charges for Rs. 150 per annum and the traders are asked for a minimum of Rs. 7,000 margin money.

    SPFL Securities Offers

    Free Demat Account Yes
    Free Trading Account No
    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 list of offers provided by the SPFL Securities –

    • Opening on a Demat account comes in free of cost while opening a trading account is chargeable.
    • Holiday offers are available for trading.
    • The company does not provide any discount on brokerage.

    To know about offers of other stock brokers check below

    How to Open a Demat Account with SPFL Securities?

    The process of Opening Demat Account SPFL Securities are laid down below –

    • To open a demat account, the lead form needs to be filled up by clicking on the green button.
    • There are some necessary KYC documents like Identity proof, PAN card, Age Proof, Address Proof, Aadhar card and one photograph that are needed in order to open a demat account.
    • Upload all the documents online and then for further verification a concerned person from the company will contact you.
    • In few minutes, SPFL Securities will give you full authorization to operate your demat account.

    Why Open SPFL Securities Trading Account?

    The various reasons to open trading account with SPFL Securities are –

    • A trading account will help in the betterment of the investment and make it even more strong and give you plenty of options to explore.
    • You will always remain updated with your online trading account.
    • The traders will enjoy the benefit of multiple media access to their trading account.

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      SPFL Securities Products & Services

      Here are the list of Products & Services provided by SPFL Securities –

      Products Offered by SPFL Securities:

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

      The products that are presently offered by SPFL Securities are- Equity trading, Commodity trading, Currency trading, Options, Futures, Mutual Funds, SIP and Insurance.

      SPFL Securities Service Offerings:

      Demat Services Yes
      Trading Services Yes
      3 in 1 Acount No
      Intraday Services Yes
      IPO Services Yes
      Stock Recommendations Yes
      Robo Advisory No
      PMS No
      Trading Institution Yes
      Trading Exposure Upto 6X

      The services provided by the Share broking business includes-

      • The company provides a great IPO services to help your company in the public markets.
      • The traders are offered of stock recommendations that stand beneficial to them.


      SPFL Securities 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 Yes
      Top Picks Yes
      Daily Market Review Yes
      Monthly Reports Yes
      Weekly Reports Yes
      Offline Advisory Yes
      Relationship Manager Yes

      The share broking business has been growing at giving depth research works in various forms to all its users or traders.

      • The company provides top picks, daily market review, weekly reports, and monthly reports of the shares in the market
      • Offline advisory is given from time to time
      • There are free stock tips given by the company

      SPFL Securities Exposure or Leverage

      Equity Delivery Upto 2X
      Equity Intraday Upto 6X
      Equity Futures Upto 3X
      Equity Options Upto 5X
      Currency Futures Upto 2X
      Currency Options Upto 3X
      Commodities Upto 2X
      Margin Calculator SPFL Securities Margin Calculator

      The maximum leverage gained by the company is upto 6X. The great amount of leverage is offered for equity intraday and equity options.

      Find Exposure or Margin of other Stock Brokers

      SPFL Securities Trading Platforms

      SPFL Securities is known to give high class investment plans or advice with their very own ultra modern trading platforms.

      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 Yes
      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

      SPFL Securities Trading Terminal

      • Any operating system can be accessed from anywhere.
      • There are personalized charts and many more charting templates are provided that will be beneficiary for you.
      • Bracket orders and cover orders can be placed.

      SPFL Securities Web Trading Platform

      • Web platforms are easily downloaded or installed in computers or phones and traders can buy and sell quickly.
      • Easy to access real time market quotes and online reports.

      SPFL Securities Mobile Trading App

      • Users can easily have a direct contact with the relationship manager for any kinds of issues.
      • A single app is used for Mutual Fund, Research, Personal loans, stocks, etc.

      SPFL Securities 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 380

      The company have a very prompt customer service.  Online help is available in the company for any kind of issues.

      For more convenience, the users can also contact to the company’s relationship manager.

      SPFL Securities Complaints and Feedback

      Find the list of complaint against SPFL Securities:

      Lodged in BSE 0
      Resolved in BSE 0
      Lodged in NSE 1
      Resolved in NSE 1
      Percentage of No. of Complaints Received Against Number of Active Clients 0.02

      The chart shown above speaks itself about the reputation that was maintained in the business. There were only 1 complain that was lodged but that got resolved too.

      SPFL Securities Disadvantages:

      Below mentioned is the list of cons of SPFL Securities:

      • The company offers average quality research with no company stock review, company report and annual report.
      • Multi account management is not available.
      • Lack in providing windows app platform.

      SPFL Securities Conclusion

      SPFL follow the principle which includes growing their branches into different regions and States and then adding franchise so they have the great privilege of serving investors coming from every corners of the country.

      Information analysis for research outputs are easily done by the company’s advanced research software system. The company has grown into a vast business which stands for excellent in the quality of services and provides non-stop great online trading tools.

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