Trustline Securities Review, Brokerage Charges, Demat Account & more

Operating over three decades, Trustline Securities is a stockbroking company that has revolutionized stock traders all across the nation.

With over 266 customer reviews, Trustline Securities is undoubtedly one of the best stock trading companies in India.

They offer a reasonably nominal brokerage fee and provide almost every stock trading service as one can expect. The services they offer worth mentioning along with the assistance they provide while trading.

While speaking of support, their Trading Platforms is cutting edge as well as user-friendly for the traders. Not much to complain about apart from chargeable account opening may be. However, they worth it.

Trustline Securities


Trustline Securities Customer Ratings & Review

Experience3.4/5
Products & Services3.1/5
Brokerage Charges & Fees3.3/5
Stock Research & Advisory3.0/5
Trading Platforms3.2/5
Overall Ratings3.2/5
Star Ratings★★★☆☆
Total Client Reviews266

 


About Trustline Securities

Company TypePublic
Broker TypeFull Service Broker
HeadquartersNew Delhi
FounderMukesh Kansal
Established Year1989

Trustline Securities

The company debut in 1989 with the headquarter located at New Delhi, the Capital City of India. Since then, they have overcome every hurdle and accomplished staggering height in the stock trading industry.

The company founder Mr. Mukesh Kansal visualized a company that has its mark on every corner of the country. Well, he had been successful as the company now referred to as a full-service broker institution.

With over 500+ employees operating from 283 branches for around 30 years is a story itself in the financial services sector.


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Trustline Securities Brokerage Charges

The brokerage fee that Trustline Securities levied to their trading associates is marginal. A brokerage percentage of 0.15% for Equity Delivery Trading.

Equity Delivery Trading0.15%
Equity Intraday Trading0.02%
Commodity Options Trading0.02%
Equity Futures Trading0.02%
Equity Options TradingRs.15 per Lot
Currency Futures Trading0.02%
Currency Options TradingRs.10 per Lot
Minimum BrokeragePercentage of Transaction
Demat AMC ChargesRs.250 per Annum
Trading AMC ChargesFree
Margin MoneyMinimum Rs.1,500
Brokerage CalculatorTrustline Securities Brokerage Calculatore

Many established stock trading companies charge much higher than Trustline Securities. On top of that, 0.02% on Equity Intraday, Commodity Options, and Equity Futures Trading. Again, if we compare, it is quite less. The same 0.02% is for Currency Futures Trading as well.

Equity Options Trading comes at Rs 15 per lot and Currency Options Trading at Rs 10 per lot which is again on the lower range. The margin money is a minimum of Rs 1,500.


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Trustline Securities Other Charges

Apart from the brokerage fees, the traders need to bear some additional charges. However, these charges won’t drastically reduce the profit margin as these are very nominal charges.

Transaction Charges0.00305%
STT0.0126% of Total Turnover
SEBI Turnover Charges0.0002% of Total Turnover
Stamp DutyDepends on State (very minimal)
GST18% of (Brokerage + Transaction Charges)

The first among those extra charges are the Transaction Charges which is 0.00305%. Next, there is an STT fee of 0.0126% calculated on Total Turnovers and SEBI Turnover Charges of 0.0002% which is also calculated on Total Turnovers. The Stamp Duty fee, however, varies from state to state.

So, we can’t pinpoint an exact fees percentage. Finally, the GST of 18% is also levied on the brokerage plus transaction charges.


 

Trustline Securities Demat Account Opening Fees

Perhaps something the traders expect is a free account to operate. Unfortunately, Trustline Securities charges a onetime fee of Rs 250 to open an account with them.

Depository SourceCDSL & NSDL
Account Opening ChargesRs.250
Demat AMC ChargesRs.250 per Annum
Trading AMC ChargesFree
Margin MoneyMinimum Rs.1,500
Offline to OnlineYes

For Demat account opening, there is no additional charge, but there is an AMC of Rs 250 which will be applicable. The Trading account, however, is free to open with no AMC involved.


Trustline Securities Offers

Trustline Securities doesn’t provide free Demat account activities. They charge Rs 250 for account opening and another Rs 250 for its AMC. Trading account is free to operate which is a relief to the traders.

Unlike some companies, they don’t offer Discount on Brokerage or Trading Happy Hours.

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

However, they do provide Flexible Brokerage Plans. The traders sometimes requested to avails holiday offers and referral programs, but no positive signal has displayed.

The traders’ loss is their loss, Trustline Securities won’t compensate any amount neither they provide any rebate on brokerage fees.


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 Trustline Securities?

Log on to the official website of Trustline Securities and follow these simple steps to open an account:

  • Click on the green “Open Demat Account ” button. Then Fill up the form.
  • Fill-up the initial registration form and choose “Submit”. If a trader wants the whole process offline and with hard copy documents, they should request for the call back where the representatives of Trustline Securities will assist them further ahead.
  • If the trader wants to apply online, then they must have to be ready with all the scanned KYC documents. Then they will proceed with the verification process.
  • Meanwhile, the traders need to pay Rs 250 as account opening fee.
  • After the payment confirmation and successful KYC verification, they will provide you the credential to access your accounts.

Why Open Trustline Securities Trading Account?

Trustline Securities offers free Demat Account opening which is imperative for stock trading. However, the AMC for Demat account is Rs 250. Here are reasons the traders should choose Trustline Securities:

  • Quality Trading Platform.
  • Marginal Brokerage Fees.
  • Great user experience.

Get a Call back from Trustline Securities

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Trustline Securities Products & Services:

Here are the list of Products & Services provided by the Stock Broker –

Trustline Securities Products

Equity TradingYes
Commodity TradingYes
Currency TradingYes
OptionsYes
FuturesYes
Mutual FundsYes
ForexNo
BankingNo
SIPYes
InsuranceNo

The extensive range of products of Trustline Securities includes Equity Trading, Commodity Trading, Currency Trading, Options, Futures, Mutual Funds, and SIP. Up until yet no Forex, Banking, and Insurance products.

Services Offered by Trustline Securities:

Demat ServicesYes
Trading ServicesYes
3 in 1 AcountNo
Intraday ServicesYes
IPO ServicesYes
Stock RecommendationsYes
Robo AdvisoryNo
PMSNo
Trading InstitutionNo
Trading ExposureUpto 5X

As discussed, a few times before, Trustline Securities deals with Demat and Trading accounts, but apart from that, they also deal with Intraday and IPO related services. They are not shy of Stock Recommendations to traders who are seeking initial assistance.

Although Trustline Securities provide Trading Exposure up to 5x, they lack some of the essential services like Robo Advisory, PMS, and 3-in-1 Account. And of course, they are not a Trading Institution.


 

Trustline 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

Trustline Securities provides the following services to its trading associates:

  • Good provide Research reports.
  • They provide free stock tips.
  • They provide IPO reports.
  • Suggest Top Picks.
  • They provide daily, weekly, and monthly Market reviews.
  • This broker provides offline advisory.
  • They provide dedicated Relationship Managers.

Trustline Securities Exposure or Leverage

Equity DeliveryUpto 3X
Equity IntradayUpto 5X
Equity FuturesUpto 3X
Equity OptionsUpto 5X
Currency FuturesUpto 4X
Currency OptionsUpto 3X
CommoditiesUpto 2X
Margin CalculatorTrustline Securities Margin Calculator

The Exposure or Leverage ratio is often a matter of criticism for Trustline Securities. For Equity Delivery they offer just up to 3x, which is way below industry standards.

Again, for Equity Futures and Currency Options, they stick to the maximum of 3x. For Commodities, they provide the worst of up to 2x. However, they tried to compensate with up to 5x for Equity Intraday and Equity Options.


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Trustline Securities Trading Platforms

Here are the thorough details on various trading platforms offered by Trustline 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 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 ChartsNo
Live MarketsYes
SMS AlertsYes
Email AlertsYes
Multi Account ManagementNo

Trustline Securities provides robust Trading Platform to its trading associates:

Trustline Securities Trading Terminal:

The broking house takes pride in the trading platforms they provide, especially the desktop application. It is an easy installation desktop application design for only for windows user though.

It comes with all the essential stock trading tools like Online MF Buy, Global Indices, and Real-time Updates. No update for a Mac version, however.

Trustline Securities Web Trading Platform:

The browser version of the trading platform comes with all the same functionalities that come with the desktop version. The platform is browser responsive.

Therefore, any trader can access the trading portal from the mobile and tablets as well. It pretty much covered all the areas for excellent user experience.

Trustline Securities Mobile App:

Trustline Securities also delivers the robust mobile app to bring the mobility factor while trading.

The app is designed for both Windows and Apple users which can be download from either their official website or from Google Playstore or Apple store. It has prebuilt SMS and Email alerts to notify the traders about the stock market.


Trustline 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
Branches13

Over 30 years of experience in the stock trading industry, Trustline Securities provide excellent customer support. They operate through their dedicated dealers from 13 branches across India.

Competent in delivering both offline and online support, Trustline Securities has a very pro-active email support system.

However, no 24×7 support or live chat service yet. Something surely, they want to integrate soon.


Trustline Securities Complaints and Feedback

Find the list of complaint against Trustline Securities

Lodged in BSE1
Resolved in BSE1
Lodged in NSE15
Resolved in NSE15
Percentage of No. of Complaints Received Against Number of Active Clients0.015

Over 30 years of experience in the stock trading industry, Trustline Securities provide excellent customer support.

They operate through their dedicated dealers from 283 branches across India. Competent in delivering both offline and online support, Trustline Securities has a very pro-active email support system.

However, no 24×7 support or live chat service yet. Something surely, they want to integrate soon.


Trustline Securities Disadvantages:

Stock brokering business bound to have some drawbacks. Here are some of the areas Trustline Securities can improve:

  • The broking house provides lucrative offers like Trading Happy Hours, Discount on Brokerage, and many more, which are currently missing.
  • Trustline should provide Company stock related reviews to assist their trading associates.
  • They should offer better Exposure or Leverage Ratio.

Trustline Securities Conclusion

The full service broker has been a role model in the stockbroking industry. They are in this business for over three decades, and they hardly put a misstep. They charge a very nominal brokerage fee, which we believe is the right approach to do any business.

That is the reason they have accumulated over 1,00,000 satisfied customer bases, which is an unbelievable achievement. Now, as they have shown interests in insurance and mutual fund activities, we can say the future is bright for any trader associated with them.


Open Demat Account with Trustline Securities

Fill Your Details Here
  1. Open Demat Account

 

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