SPFL Securities Review, Brokerage Charges, Demat Account & more

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 Customer Ratings & Review

Products & Services3.4/5
Brokerage Charges & Fees3.3/5
Stock Research & Advisory2.3/5
Trading Platforms2.4/5
Overall Ratings2.4/5
Star Ratings★★★☆☆
Total Client Reviews202


About SPFL Securities

Company TypePrivate
Broker TypeFull Service Broker
HeadquartersNew Delhi
FounderPadam Kumar Jain
Established Year1995

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.

Open Demat Account with SPFL Securities

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SPFL Securities Brokerage Charges

Equity Delivery Trading0.36%
Equity Intraday Trading0.04%
Commodity Options Trading0.04%
Equity Futures Trading0.04%
Equity Options TradingRs.36 per Lot
Currency Futures Trading0.04%
Currency Options TradingRs.36 per Lot
Minimum BrokeragePercentage of Transaction
Demat AMC ChargesRs.360 per Annum
Trading AMC ChargesRs.150 per Annum
Margin MoneyMinimum Rs.7,000
Brokerage CalculatorSPFL 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.

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SPFL Securities Other Charges

Transaction Charges0.00312%
STT0.0126% of Total Turnover
SEBI Turnover Charges0.0002% of Total Turnover
Stamp DutyDepends on State (very minimal)
GST18% 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 SourceCDSL & NSDL
Account Opening ChargesFree
Demat AMC ChargesRs.360 per Annum
Trading AMC ChargesRs.150 per Annum
Margin MoneyMinimum Rs.7,000
Offline to OnlineYes

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 AccountYes
Free Trading AccountNo
Discount on BrokerageNo
Trading Happy HoursNo
Flexible Brokerage PlansYes
1 Month Brokerage FreeNo
Holiday OffersYes
Referral OffersNo
Zero Brokerage for Loss Making TradesNo

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

MdirectNetworth DirectPravin RatilalRK Global
Microsec CapitalN G RathiProgressive ShareRudra Shares
Modex SecuritiesNine Star BrokingProstocksR Wadiwala Securities

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.

Get a Call back from SPFL Securities

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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 TradingYes
Commodity TradingYes
Currency TradingYes
Mutual FundsYes

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 ServicesYes
Trading ServicesYes
3 in 1 AcountNo
Intraday ServicesYes
IPO ServicesYes
Stock RecommendationsYes
Robo AdvisoryNo
Trading InstitutionYes
Trading ExposureUpto 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 ReportsNo
Research ReportsYes
Company ReportsNo
Annual ReportsNo
Company Stock ReviewNo
Free Stock TipsYes
IPO ReportsYes
Top PicksYes
Daily Market ReviewYes
Monthly ReportsYes
Weekly ReportsYes
Offline AdvisoryYes
Relationship ManagerYes

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 DeliveryUpto 2X
Equity IntradayUpto 6X
Equity FuturesUpto 3X
Equity OptionsUpto 5X
Currency FuturesUpto 2X
Currency OptionsUpto 3X
CommoditiesUpto 2X
Margin CalculatorSPFL 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.

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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 – WindowsYes
Desktop Platform – MacYes
Desktop Browser PlatformNo
Mobile Site PlatformYes
Android App PlatformYes
iOS App PlatformYes
Windows App PlatformNo
Other Mobile OS PlatformNo
Real time UpdatesYes
Portfolio DetailsYes
Online MF BuyYes
News FlashYes
Research ReportsYes
Easy InstallationYes
Global IndicesYes
Stock TipsYes
Personalized AdvisoryNo
Interactive ChartsYes
Live MarketsYes
SMS AlertsYes
Email AlertsYes
Multi Account ManagementNo

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 DealerYes
Offline TradingYes
Online TradingYes
24*7 SupportNo
Email SupportYes
Chat SupportNo
Toll Free NumberNo

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 BSE0
Resolved in BSE0
Lodged in NSE1
Resolved in NSE1
Percentage of No. of Complaints Received Against Number of Active Clients0.02

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.

Open Demat Account with SPFL Securities

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