Steel City Securities is public company which was founded by Late Mr G. Sree Rama Murthy Garu in the year 1995. In Southern India, Steel City Net Trade deals in retail stock broking. Headquarter of this company is situated in Vishakhapatnam, AP.

Company has memberships in stock exchanges such as MCX, NCDEX, NSE, BSE etc. On this article, we will discuss Customer Reviews and Ratings, Brokerage Charge & Fees, company product services, trading platforms and other information about company. So, have a Look Below:

Steel City offers


Steel City Securities Customer Ratings & Review

Experience2.6/5
Products & Services2.9/5
Brokerage Charges & Fees2.4/5
Stock Research & Advisory2.5/5
Trading Platforms2.3/5
Overall Ratings2.5/5
Star Ratings★★★☆☆
Total Client Reviews176

 


About Steel City Securities

Company TypePublic
Broker TypeFull Service Broker
HeadquartersVishakhapatnam, AP
FounderLate Mr G. Sree Rama Murthy Garu
Established Year1995

Steel City SecuritiesSteel City Securities is public company which was established in 1995. Founder of this public company is Late Mr G. Sree Rama Murthy Garu.

Headquarter of Steel City Net Trade is situated in Vishakhapatnam, AP and It dealing with Full Service Brokerage.

Now, let’s read more information about company from below section.


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    Steel City Securities Brokerage Charges

    Equity Delivery Trading0.28%
    Equity Intraday Trading0.03%
    Commodity Options TradingNA
    Equity Futures Trading0.03%
    Equity Options TradingRs.28 per Lot
    Currency Futures Trading0.03%
    Currency Options TradingRs.18 per Lot
    Minimum BrokeragePercentage of Transaction
    Demat AMC ChargesRs.300 per Annum
    Trading AMC ChargesFree
    Margin MoneyZero Margin
    Brokerage CalculatorSteel City Securities Brokerage Calculator

    Let’s check the brokerage charges & Fees charged by steel city which is given below:

    • Equity Delivery Trading will be charged 0.28%.
    • Equity Intraday Trading and Equity Futures Trading is charged 0.03% where as Commodity Options Trading is not available.
    • The Equity Options Trading will be charged Rs.28 per Lot whereas Currency Options Trading will be charged Rs.18 per Lot.
    • Minimum Brokerage is Percentage of Transaction and minimum margin money will be zero.
    • Trading annual maintenance charge is totally free and Demat AMC Charges is Rs.300 per Annum.

    Steel City Securities Other Charges

    Transaction Charges0.00300%
    STT0.0126% of Total Turnover
    SEBI Turnover Charges0.0002% of Total Turnover
    Stamp DutyDepends on State (very minimal)
    GST18% of (Brokerage + Transaction Charges)

    There are some additional charges on steel city and accounts these are as follows, 0.00300% as Transaction Charges, 0.0002 % of total turnover as SEBI Turnover Charges, 0.0126 % of the total turnover as STT.

    As per state guidance, minimal Stamp Duty has decided by steel city.  On total amount of brokerage & transaction charges, GST of 18% will be imposed.


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    Steel City Securities Demat Account Opening Fees

    Depository SourceCDSL & NSDL
    Account Opening ChargesZero
    Demat AMC ChargesRs.300 per Annum
    Trading AMC ChargesFree
    Margin MoneyZero Margin
    Offline to OnlineYes

    Steel city deals in CDSL & NSDL Depository Source and opens account free of cost. Rs.300 per Annum will be charged as Demat AMC Charges whereas Trading AMC Charges is free of cost.

    Steel city also provide facility of offline account to online account. Margin limit has decided by Steel city is zero.


    Steel City Securities Offers

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

    Steel city provides many offers to their account holders such as Free Demat Account, Free Trading Account, Discount on Brokerage, Flexible Brokerage Plans etc.

    Presently, Steel city company does not offer Trading Happy Hours, 1 Month Brokerage Free, Holiday Offers, Referral Offers and Zero Brokerage for Loss Making Trades etc.


    How to Open a Demat Account with Steel City Securities?

    Want to open Demat account with Steel city then follow instructions step by step provided below:

    • In below section Press on green button which is shown as ‘Open Demat Account’.
    • After that, Go through whole information carefully.
    • In application form, fill all information correctly.
    • Upload require KYC credentials like PAN Card, Aadhar Card, Age Proof, Identity Proof, Address Proof and one passport size photograph and other important testimonials.
    • After uploading all documents, an authorized person will check testimonials on behalf of company.
    • After Successful verification, Access your account within few hours.

    Why Open Steel City Securities Trading Account?

    Trading account is very simple to open with steel city company. By opening trading account, steel city give many benefits to its customers. Check Below:

    • Steel city offers Free Trading Account service.
    • On Steel city trading account, there is no Brokerage Charge & Fees
    • There is free of cost Trading AMC Charges.

    Get a Call back from Steel City Securities

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      Steel City Securities Products & Services

      Here are the list of Products & Services provided by Steel City Securities

      Steel City Securities Products

      Equity TradingYes
      Commodity TradingNo
      Currency TradingYes
      OptionsYes
      FuturesYes
      Mutual FundsYes
      ForexNo
      BankingNo
      SIPYes
      InsuranceYes

      There are various products and services provided by steel city company. In above table, which things are marked as “YES” are available products in company like Equity Trading, Currency Trading, SIP, Insurance, Options, Mutual Funds, Futures etc and those which are marked as “NO” are not available presently like Banking, Forex, Commodity Trading etc.

      Steel City Securities Service Offerings:

      Demat ServicesYes
      Trading ServicesYes
      3 in 1 AccountNo
      Intraday ServicesYes
      IPO ServicesYes
      Stock RecommendationsYes
      Robo AdvisoryNo
      PMSNo
      Trading InstitutionNo
      Trading ExposureUpto 7X

      On the best services provided by this public company  such as Demat Services, Trading Services, Stock Recommendations, Intraday Services, IPO Services etc. Along with these services, Trading Exposure  upto 7X is available.

      The things which are marked as “NO” in above table is not available such as Trading Institution, PMS, Robo Advisory, 3 in 1 Account etc.


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      Steel City Securities Research, Advisory and Stock Tips

      Fundamental ReportsNo
      Research ReportsYes
      Company ReportsNo
      Annual ReportsNo
      Company Stock ReviewNo
      Free Stock TipsYes
      IPO ReportsYes
      Top PicksNo
      Daily Market ReviewYes
      Monthly ReportsYes
      Weekly ReportsYes
      Offline AdvisoryYes
      Relationship ManagerYes

      Advisory team will post analysis reports to clients as per their necessities. This company also gives regular news, and other necessary financial statements of company as needed by investors.

      Company research and advisory is very good as it provides Relationship Manager, Offline Advisory, Weekly Reports, Monthly Reports, Daily Market Review, IPO Reports, Free Stock Tips, Research Reports etc.

      But there are some things which are excluded from it that are Top Picks, Company Stock Review, Annual Reports, Company Reports and Fundamental Reports etc.


      Steel City Securities Exposure or Leverage

      Equity DeliveryUpto 1X
      Equity IntradayUpto 7X
      Equity FuturesUpto 1X
      Equity OptionsUpto 5X
      Currency FuturesUpto 2X
      Currency OptionsUpto 2X
      CommoditiesUpto 1X
      Margin CalculatorSteel City Securities Margin Calculator

      Steel city company provides good Exposure / Leverage like Upto 1X Exposure on Equity Delivery, Equity Futures and Commodities.

      Equity Intraday is Upto 7X Exposure / Leverage and Equity Options is Upto 5X. Exposure / Leverage on Currency Options and Currency Futures is Upto 2X.


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      Steel City Securities Trading Platforms

      Here are the thorough details on various trading platforms offered by Steel City Securities to its consumers. All the platforms have been established in-house and always get progressed on an unremitting basis.

      Desktop Platform – WindowsYes
      Desktop Platform – MacNo
      Desktop Browser PlatformYes
      Mobile Site PlatformYes
      Android App PlatformNo
      iOS App PlatformNo
      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

      Steel City Securities Trading Terminal

      Steel City Securities Trading Terminal is well settled trading platform. We can install mobile application or also use online web services for getting effective results. Some features is given below, check now:

      • Desktop Platform – Windows and Desktop Browser Platform is available.
      • Mobile Site Platform is available.

      Steel City Securities Web Trading Platform

      Steel City Securities Web Trading platform is available with many useful services:

      • It provides Real time Updates, Portfolio Details, Online MF Buy
      • You will also get News Flash, Research Reports, Easy Installation, Live Markets, Global Indices, Stock Tips etc.

      Steel City Securities Mobile App

      • Mobile application is available to download easily.
      • Customers can easily use Interactive Charts etc.
      • Email Alerts and SMS Alerts are also available.

      There are many trading platform services which are unavailable presently such as Android App Platform, iOS App Platform, Windows App Platform, Other Mobile OS Platform, Desktop Platform – Mac , Personalized Advisory and Multi Account Management etc.


      Steel City Securities Customer Care

      The broking company offers the following networks of communications to its users as given below:

      Dedicated DealerYes
      Offline TradingYes
      Online TradingYes
      24*7 SupportNo
      Email SupportYes
      Chat SupportNo
      Toll Free NumberNo
      Branches10

      Steel City Securities Company has total 10 branches across the nation which provides Online Trading and Offline Trading facilities along with Dedicated Dealer and Email Support facilities.

      24*7 Support, Chat Support and Toll Free Number facilities is unavailable presently but company work on it.


      Steel City Securities Complaints and Feedback

      Find the list of complaint against Steel City Securities

      Lodged in BSE1
      Resolved in BSE1
      Lodged in NSE5
      Resolved in NSE5
      Percentage of No. of Complaints Received Against Number of Active Clients0.03

      As per last year data, Percentage of No. of Complaints Received against Number of Active Clients is 0.03.

      There are 5 complaints Lodged in NSE and Resolved in NSE and 1 complaint Lodged in BSE & Resolved in BSE. It seems how company resolved the problems of customers with fully satisfaction.


      Steel City Securities Disadvantages:

      Steel city Advisors has been established from 1995 and provides one of the best services. But there are some points where the company needs to work on, Check below:

      • Need to improve customer support services.
      • Company also needs to focus on last year complaints and make sure it will not repeat in coming year.
      • Company need to work on trading platforms.

      Steel City Securities Conclusion:

      Steel city is public company which was founded in the year 1993. Company provides various products and services to its customers. This company has also business operations in Karnataka, Tamil Nadu, Orissa, Maharashtra (Mumbai) and Chhattisgarh.

      For giving business platform to trade in Commodity market segment, this company becomes subsidiary of parent company in the year 2004. Company give their best to improve their services in coming time.


      Open Demat Account with Steel City Securities

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