TradeBulls Review, Brokerage Charges, Demat Account & more.
Last Updated Date: Jan 05, 2024TradeBulls Securities is a widely known full-service broker in Mumbai.
The trader was set up in 2009 and currently has over 1000 employees in its segments. The broker has its establishments in 18 places via its sub-brokers and franchise agencies.
This is a detailed review of TradeBulls Securities where we will know everything about their Brokerage Plans, Offers, Trading Platforms, Exposure, Products & more.
Table of Contents
- Rating & Review
- Overview
- Brokerage Charges
- Other Charges
- Account Opening Charges
- Offers
- Account Opening Process
- Products & Services
- Research & Tips
- Exposure
- Trading Platforms & Apps
- Customer Care
- Complaints
- FAQs
- Open an Account with Tradebulls Now!
Tradebulls Ratings & Review by Top10StockBroker
Tradebulls Ratings & Review | |
Criteria | Rating |
Research & Advisory | 7.1/10 |
Brokerage Charges & Fees | 7.6/10 |
Product & Services | 7.8/10 |
Trading Platforms | 6.7/10 |
Broking Experiences | 6.8/10 |
Overall Rating | 7.2/10 |
About Tradebulls Securities
Company Type | Private |
Broker Type | Full-Service Broker |
Headquarters | Mumbai |
Founder | Mr Dinesh Thakkar |
Established Year | 2009 |
TradeBulls is a full-service broker and has been all over the place since its inception in 2009 and has an active client foundation of 72,160.
As much as the offline presence is considered, TradeBulls has its franchise agencies and sub-brokers in 12 main cities with 18 such divisions.
Tradebulls Securities is one of the fasted growing entities in the stock broking industry and undoubtedly the Best broker for trading in both domains, online and offline.
This thorough analysis will discuss some of the nitty-gritty features of this trader, plus with TradeBulls corporation models, associated costs, profits, eligibility measures, and other information.
In case you are seeking to establish yourself as a share market sub-broker or franchise trader, at that point, this complete review on TradeBulls Franchise must able to help you to decide it.
It incorporates memberships with NSE, BSE, MCX-SX, MSEI, NCDEX, and MCX and also enables customers to trade all over all divisions.
Open Demat Account with Tradebulls Securities – Fill up the Form Now!
Tradebulls Securities Brokerage Charges
TradeBulls is a comprehensive trader; the brokerage it charges is very low.
Thus, it works quickly as well. For example, if you are trading in the Equity Delivery sector and your complete transaction value is Rs.1,00,000, you will be required to pay a brokerage of Rs.200 at 0.2%.
Likewise, in other sectors, conforming brokerage fees will be considered.
Here are the Brokerage details:
Brokerage Charges | |
Equity Delivery | 0.20% |
Equity Intraday | 0.02% |
Equity Futures | 0.02% |
Equity Options | Rs 40 per lot |
Currency Futures | Rs 20 per lot |
Currency Options | Rs 20 per lot |
Commodity | 0.15% / Rs 50 per lot |
Minimum Brokerage | Rs.30 per Trade |
Demat A/C AMC Charges | Rs.550 |
Trading A/C AMC Charges | Free |
Margin Money | Rs.0 – Rs.300,000 |
Opening up a Trading Account with Trade Bulls is Free of charge; however, a Demat Account opening could cost you about Rs. 550/-. Trade Bulls also require a Margin of Money from the traders as a guarantee.
Tradebulls Brokerage Plans
Lite | Basic | Elite | Infinia | |
Equity Delivery Trading | 0.30% | 0.25% | 0.15% | 0.10% |
Equity Intraday Trading | 0.030% | 0.025% | 0.015% | 0.010% |
Commodity Options Trading | 0.030% | 0.025% | 0.015% | 0.010% |
Equity Futures Trading | 0.030% | 0.025% | 0.015% | 0.010% |
Equity Options Trading | Rs.80 per Lot | Rs.70 per Lot | Rs.60 per Lot | Rs.50 per Lot |
Currency Futures Trading | 0.030% | 0.025% | 0.015% | 0.010% |
Currency Options Trading | Rs.80 per Lot | Rs.70 per Lot | Rs.60 per Lot | Rs.50 per Lot |
Minimum Brokerage | Rs.30 per Trade | Rs.30 per Trade | *Rs.30 per Trade | Rs.30 per Trade |
Account Opening Fees | Free or Rs.299 | Free | *Free | Free |
Trading A/C AMC Charges | Free | Free | *Free | Free |
Margin Money | Rs.0 | Rs.25,000 | Rs.100,000 | Rs.300,000 |
TradeBulls offers four varied and distinct Brokerage plans to its traders, and they can choose their plan as per their brokerage charge.
Lite, Basic, Elite and Infinia are the names of the four plans.
They are based on a small principal – the more the Margin money, the lesser your brokerage charge would be. The Margin Money starts from Zero and goes up to Rs.3 Lakh.
For a detailed calculation of brokerage & other charges, check out our Tradebulls Brokerage Calculator.
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Tradebulls Other Charges
Other Charges | |
SEBI Turnover Charges | 0.00005% (Rs.5/Crore) |
STT | Equity Delivery: 0.1% on both Buy and Sell Equity Intraday: 0.025% on the Sell Side *Equity Futures: 0.01% on Sell Side Equity Options: 0.05% on Sell Side(on Premium) Commodity Futures: 0.01% on sell-side (Non-Agri) Commodity Options: 0.05% on sell-side Currency F&O: No STT On Exercise transaction: 0.125% Right to entitlement: 0.05% on sell-side |
Stamp Duty | (On buy side only) Delivery: 0.015%, Intraday: 0.002%, Equity Futures: 0.002%, Equity Options: 0.002%, and Currency F&O: 0.0001%.Commodity Futures: 0.002%, Commodity Options: 0.002% (MCX) |
GST | 18% on (Brokerage + Transaction Charge + SEBI Fee) |
Margin Funding Charges | NA |
Reactivation Charges | Rs 75 per instruction |
Account Closure Charges | NIL |
Dematerialisation Charges | Rs 2 per certificate + Rs 20 per request In case of bulk, above 100 certificates Rs 5 & Actual Courier Charge |
Pledge Creation | Rs 25 per transaction |
Pledge Invocation | Rs 60 per Instruction |
Margin Pledge/Unpledge/ Pledge closure | Rs 25 per transaction |
Margin Repledge | Rs. 12.5 + Rs. 12.5 (Rs. 25 per scrip) |
Other Charges
Apart from the Brokerage Charges, there are a few other charges towards Transactions, SEBI Turnover charges, Stamp Duty and GST, which are also charged during Trade.
However, these are very minimal charges, which don’t affect your Profit percentage or Return on Investment.
Comprehensive stockbroker fees transaction fees are also available at cost-effective charges, like account-associated payments and brokerage fees.
Some traders in India take advantage of marketing low account opening or brokerage values and pay off transaction charges to a certain level.
Therefore, until you comprehend the consequences and risks of exposure, it’s best to evade using it. Transaction fees charged by TradeBulls are 0.00325% of the total turnover. However, 18% GST may also be charged.
In addition to transaction charges, brokerage, stamp duty and SST need to be checked for a brief understanding of the overall charges structure at TradeBulls.
To know in detail, just click on this link Tradebulls Brokerage & Other Charges.
Compare Tradebulls Securities with Other Brokers
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TradeBulls Demat Account Opening Fees
Demat Account Opening Fees | |
Trading Charges [One Time] | Rs 0 (Free) |
Trading AMC [Yearly] | Rs 0 (Free) |
Demat Charges [One Time] | Rs 0 (Free) |
Demat AMC [Yearly] | Rs 550 |
Margin Money | Rs.0 – Rs.300,000 |
Offline to Online | Yes |
You can obtain your trading and Demat account with this wide-ranging stockbroker for Rs 550. In addition, the AMC fees are also relatively minimal, as shown below.
The Margin Money varies from Nothing to Rs.3 Lakh. Someone who pays more significant margin money does not need to pay the Demat Account opening charges.
The Broking house also has Lifetime Free AMC; this can be availed by paying Rs.1500 Account Opening Fees.
To know in detail, just click on this link Tradebulls Demat Account.
TradeBulls Securities Offers
Tradebulls Offers | |
Free Demat Account | Yes |
Free Trading Account | Yes |
Discount on Brokerage | Yes |
Trading Happy Hours | No |
Flexible Brokerage Plans | Yes |
1 Month Brokerage Free | No |
Holiday Offers | No |
Referral Offers | Yes |
Zero Brokerage for Loss-Making Trades | No |
Thus, Tradebulls Securities has made its unique place as the Best Full-Service Broker with the following list of offers:
- Free Trading Account Opening
- 1 Lakh Brokerage Reversal
- Lifetime Free Trading Account without any AMC
- Demat Account opening also could be without any charge
- No AMC for Demat Account
- Discounted & Customizable brokerage offers are available
- Immediate trading facility
- Online trade & Offline Trade options
- Trading Exposure up to 5x
How to Open a Demat Account with TradeBulls?
- To open up a Demat Account with TradeBulls, you can apply online on their website below.
- Enter all your details accurately like Name, Date of Birth, Address, Contact details etc
- Upload all your KYC documents like PAN and Aadhar Card, Address Proof, Age Proof, one Identity proof and a photograph
- Once you have successfully submitted all your documents online, someone from the TradeBulls Sales team will contact you for verification purposes.
- Once the Verification is done, TradeBulls Securities will get your Demat Account started within 1-2 hrs and get log in details.
Open Demat Account with Tradebulls Securities – Fill up the Form Now!
Why Open Tradebulls Trading Account?
A trading account is important to trade in the stock market. The Demat Account will only hold your shares safe, but you will need a Trading account to trade.
TradeBulls offers excellent Trading platforms to Trade, hence making the overall experience hassle-free and easy. The broking house provides a whole bunch of products & services.
They also provide some of the most lucrative offers in the industry, like Rs.1 Lakh Brokerage Cashback.
To know more, check out Tradebulls Trading Account.
TradeBulls Products & Services:
Here is the list of Products provided by TradeBulls Securities.
Products: | |
Equity Trading | Yes |
Commodity Trading | Yes |
Currency Trading | Yes |
Options | Yes |
Futures | Yes |
Mutual Funds | Yes |
Forex | Yes |
Banking | No |
SIP | Yes |
Insurance | No |
Products Offered by TradeBulls:
This wide-ranging broker offers an array of the following trading and investment products to its customers, including Equity, Commodity, Currency, Derivatives, IPOs, Personal Loans, Insurance, Portfolio Management, and Mutual Funds.
Therefore, customers do not need to open distinct accounts with other fiscal units with these entire possibilities.
With the help of TradeBulls, as the TradeBulls sub-broker and TradeBulls Franchise model means one and a similar thing. Both expressions are therefore utilized interchangeably in this post.
Apart from equities and tradable instruments, there are some unique things at TradeBulls, making it memorable. Such as, investors are assisted with an optional feature – the Portfolio Optimizer.
By choosing this option, you can balance out your portfolio, ensuring your funds aren’t bent towards a particular asset about a huge loss.
Another excellent service by TradeBulls – the Investment Buckets exposes you to trading experts who provide precise guidance over trading and investment.
Moreover, using the DIY Screener, you can obtain an in-depth analysis of each stock.
TradeBulls Service Offerings:
Services: | |
Demat Services | Yes |
Trading Services | Yes |
3 in 1 Account | No |
Intraday Services | Yes |
IPO Services | Yes |
Stock Recommendations | Yes |
Robo Advisory | No |
PMS | Yes |
Trading Institution | Yes |
Trading Exposure | Upto 5x |
You will be provided with a dedicated RM or Relationship manager for all kinds of financial products provided for investment.
Before you start your processes, you and your team will be offered an on-the-spot training where you will be described – how to exactly utilize the various trading platforms (comprising the terminal software), the back-office systems, how to deal with visiting clients and many more.
The broker organizes everyday meetings and seminars in major cities of the country.
If there is one in your town, you will be provided with the particular entry to handle the visiting stockholders and hence, an outstanding possibility to extend your client base.
Apart from that, you also have Equity and Commodity Derivatives on offer that carries enormous potential to maximize returns. Forex traders can access margin facilities while trading currencies.
Trading and investment activities are conducted online. A broad-ranging portfolio management service ensures your investment is always strategic and well-planned.
From investing in Initial Public Offerings to the mutual fund, you can invest in your desired instruments with one click. It is worth noting that the broker also provides insurance and loan facilities besides its trading services.
TradeBulls Research, Advisory and Stock Tips
Research, Advisory & Stock Tips | |
Fundamental Reports | Yes |
Research Reports | Yes |
Company Reports | Yes |
Annual Reports | Yes |
Company Stock Review | Yes |
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 |
This comprehensive stockbroker offers in-depth Research to its users at the following stages with a consistent frequency series:
- Day-to-day Research Reports
- Day-to-day Call Evaluation
- Weekly Research Reports
- Day-to-day Newsletter
TradeBulls Exposure or Leverage
Exposure or Leverage | |
Equity Delivery | 1x |
Equity Intraday | Upto 5x |
Equity Futures | 1x |
Equity Options | 1x |
Currency Futures | 1x |
Currency Options | 1x |
Commodities | 1x |
The Full-Service Broker provides up to 5x leverage to its clients. They provide massive exposure for Intraday & Commodities.
Tradebulls Margin Calculator will help you to calculate how much margin you will get if you invest or trade with Tradebulls.
How to transfer shares in TradeBulls from other Stock Brokers?
The key steps involved in transferring shares from your existing stockbrokers to TradeBulls are as follows
- First, get the DIS (Delivery Instruction Slip) from your existing stockbroker
- Fill in the details as requested in the DIS form and submit it to your existing broker.
- The broker then forwards the DIS to the depository, and later on, the depository transfers shares to your new broker.
- Shares must be reflected in your new demat account at the new broker.
An investor can do the process online by visiting NSDL or CDSL websites. But for that, you must know about your depository.
Tradebulls Trading Platforms
Here are the thorough details on various trading platforms offered by TradeBulls to its consumers.
All the platforms have been established in-house and always progress ongoing.
Trading Platforms | |
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 Platforms | 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 | Yes |
Interactive Charts | Yes |
Live Markets | Yes |
SMS Alerts | Yes |
Email Alerts | Yes |
Multi-Account Management | Yes |
Tradebulls Client
TradeBulls Client is an all-inclusive web-based browser trading site where customers can register with a valid username and password, and then they can start trading.
You don’t have to download or even install any software in this, and it can be accessed quickly across all devices such as Mobile, Desktop, Laptop or tablet. It is packed with lots of features:
- Various windows in a single screen enable fast investigation
- Lightweight and needs a primary internet connection
- Live market streaming
- In-depth Research and recommendations provided
Treadebulls Assist
TradeBulls Assist is a trading network-based software perfect fit for substantial brokers who are now looking to spend extended hours in trading.
It is a high-performance place, which can be easily downloaded on laptops and desktops.
Here are some of its key features:
- Best for traders seeking high speed and performance, especially in order to implementation
- Instantaneous quote streaming is available
- Customers are offered views of various exchanges on a single screen
- Customers are allowed to transfer resources from various banks.
Tradebulls Touch Mobile App
TradeBulls Touch is a great mobile app for the wide-ranging stockbroker. The app is graded at an average level and offers mediocre performance to patrons.
Here are some of the unique features given by the mobile app:
- Track your trades and investments
- Check stock market details such as Index Watch, Global Watch, Metal Watch, News and Mutual Funds
- Set calls directly to your Relationship Manager
- Check reports such as Ledger, Holdings, Margin, Trade details, Derivatives, and Open Position.
- Send service requests
iPhone/iOS users can download the official app named TradeBulls Pro from the Apple app store.
And if you are an android user, you may go to Google Play Store and download TradeBulls Touch, officially launched by the broker.
Tradebulls Customer Care
The broking company offers the following networks of communications to its users as given below:
Offline, branches, Phone, Email
Customer Support | |
Dedicated Dealer | Yes |
Offline Trading | Yes |
Online Trading | Yes |
24*7 Support | No (8:30 am – 8:30 pm) |
Email Support | Yes |
Chat Support | No |
Toll-Free Number | No |
Branches | 10 |
With all access given to the customers, they can contact TradeBulls via any of the above mediums at any time to get a resolution for their concerns. The Customer service centre is available between 8:30 am to 8:30 pm.
Apart from this, customers have a dedicated Relationship Manager at their service to help them whenever they are stuck or need any support.
You can also drop an email on their customer services email id for any assistance required.
TradeBulls has several branches all across the country; hence if anyone wants to visit any branch for quick resolution, which can also be done.
TradeBulls Complaints and Feedback
Find the list of complaints against TradeBulls Securities
Complaints & Feedback | |
Lodged in BSE | 168 |
Resolved in BSE | 162 |
Lodged in NSE | 203 |
Resolved in NSE | 200 |
TradeBulls has achieved 60 grievances around 2018-19 with a grievance of 0.06% with reverence to its active client base.
The industry’s mediocre is only 0.02%. BSE has received 168 complaints and NSE has received 203 complaints.
Therefore, the comprehensive stockbroker has to work on offering much superior service to its present client base and lessen the complaint percentage
TradeBulls Advantages and Disadvantages:
Below mentioned is the list of pros and cons of TradeBulls:
Pros of Tradebulls
Likewise, you will acquire these great benefits if you move forward and open an account with this comprehensive stockbroker:
- A broad range of trading and investment sectors for consumers
- In-house established trading platforms
- Cost-effective brokerage within a comprehensive stockbroking space
Cons Of Tradebulls
Discuss some of the worries if you make use of this full-service trader for your stock market trading:
- The very low rating of the mobile app infers few performance worries with the app
- Be cautious about the hidden charges
- Average research quality across essential and technical stages
- Low-quality consumer service
Benefits of Tradebulls Franchise
Some of the significant benefits of the TradeBulls franchise comprise:
- Affordable profits sharing
- An on-demand payout is available on sub-brokers’ requests.
- The broker provides free research reports, tips and references.
- The broker offers day-to-day marketing campaigns and consistent collateral support in glow signs, posters, and many more.
- TradeBulls team organizes Educational workshops, seminars, and workshops for clients and business partners.
Thus, TradeBulls helps to invest well and profitably in the stock markets.
In addition to these benefits, you are also offered a portfolio Optimizer service, ensuring you can better manage your portfolio. The DIY Screeners service by TradeBulls provides an in-depth screening of every single share.
The broker has built a separate app for iOS and Android users that keeps the diverse interface and features requirement of both mobile users.
Stress is also trimmed down for beginners or busy personalities through Investment Buckets services in which TradeBulls experts personally guide aspiring investors on a particular trade.
And if you want to do it on your own, you are offered a QVT (Quality Score) that provides a detailed financial history and long-term performance of every company you pick for investment.
Tradebulls Securities Conclusion
TradeBulls in recent times developed as a wide-ranging stockbroker (the Year 2009) and is reasonable in its offerings.
The insurance broker charges very minimal fees, including account opening, maintenance, brokerage or transaction fees.
Therefore, if you seek a cost-effective and comprehensive stockbroker, TradeBulls is undoubtedly the best option. On the other hand, the broker does not offer different values to its customers besides the cost.
Be it exposure, trading platforms, client service or Research – the wide-ranging stockbroker flops to influence its client base and offers mediocre quality service across these aspects.
Even though it is a wide-ranging trader, it’s not been a long time since its formation.
The stockbroker is in a developing segment and needs to apply various facets comprising the performance of trading platforms, accuracy of the research, and quality of consumer service.
Therefore, the stockbroker is trustworthy but needs to work on consistency amongst its client base.
Tradebulls Securities Review FAQs
Here is the list of FAQs related to the TradeBulls securities review:
Is TradeBulls Securities safe for trading?
Yes, there is no doubt regarding the reliability of this stockbroking house in any terms as they have achieved many milestones in their successful years of working.
They have expanded enough and have major client bases that rely on them.
What is the brokerage of TradeBulls Securities?
They provide ranging and multiple brokerage plans, which is an excellent way for you to select the most suitable option for you.
How to open TradeBulls Securities demat online?
To open an account with TradeBulls Securities, you can click on the “Open Demat Account” button and then provide all the details as asked in the quick pop-up form.
The company will now contact you for further KYC form filling.
Can I invest in an IPO via TradeBulls Securities?
Yes, you sure can invest in an IPO being a trader of TradeBulls. Well, keep the insights into the application process.
If you choose this stock broking house as your financial advisor, you will be able to enjoy the IPO investment service as well.
What Leverage does TradeBulls Securities provide?
Availability for the leverage facility is possible with this stock broking house, and they provide one of the highest rates on the market.
The highest leverage is provided for the intraday segment, which is as much as 5x. You can check the article for other exposure rates.
Does TradeBulls Securities have a trading App?
Yes, a trading app is one of the many online trading platforms provided by this stockbroking house.
You can check the app’s features for a better idea regarding its performance and functioning, which is essential to keep track of.
How to contact TradeBulls Securities customer care?
They have some branches that cater for offline services, and if you find one near you, you may visit it regarding your query.
Rest assured, you can opt to go for the email which they are very efficient regarding resolution via emails.
Does TradeBulls Securities provide Research?
Yes, this stock broking house has research and reports for clients in general who need assistance regarding trading.
They are very well organized with experts who release daily research reports to help their clients make profitable investments.
Is TradeBulls Securities suitable for Beginners?
Yes, if you wish to begin your trading journey with TradeBulls Securities, it would be a wise decision. It is because the stockbroking house provides research facilities.
On the other hand, the stockbroking firm has multiple brokerage plans, which lets you choose the most suitable one for you.
Who Founded TradeBulls Securities?
TradeBulls has been a part of the stock market since 2009. It was founded by Dinesh Thakkar and is now a leading financial firm in India.
Dinesh Presently Holds the Chairman and Managing Director position in the stockbroking house.