Profitmart Securities Private Limited was incorporated in the year 2010. This company was earlier known as M3Multiple Securities Brokers Pvt. Ltd. Profitmart is a full service broker.
Lets have a detailed Profitmart Review and get good understanding of Profitmart Demat Account, Profitmart Brokerage Charges, Profitmart Trading Platforms & other important features.
Profitmart – Customer Ratings & Review
| Criteria | Rating |
| Research & Advisory | 6.2/10 |
| Brokerage Charges & Fees | 7.0/10 |
| Products & Services | 6.8/10 |
| Trading Platforms | 7.0/10 |
| Broking Experience | 7.0/10 |
| Overall Ratings | 6.8/10 |
About Profitmart Securities
| Company Type | Private |
| Broker Type | Full Service Broker |
| Headquarters | Mumbai, India |
| Co-Founder, Director | Rakesh Sonawane, Niranjan Mahajan, Nayan Bhandari, Yesudasan R K |
| Established Year | 2010 |
Profitmart Securities is also officially a member of the Bombay Stock Exchange, National Stock Exchange and commodity exchange MCX. It is also registered as a Depository participant with CDSL. Profitmart Securities is one of the fast expanding broking houses in India and has been in the business only since 2010. It is dedicated to retail stock trading model and provides modern and useful trading platforms absolutely FREE services to its customer base and also expert advisory through telegram or WhatsApp.
Its main offerings include Equity Trading, Commodities, Portfolio Management Services, Mutual Funds, Depository Services and Investment Advisory.
Why should you choose Profimart?
- Zero account opening charge.
- Advanced Trading Terminal completely free.
- Trade On the Go with the Mobile App.
- Provides Single platform for trading in Equity, F&O, Currency and Commodities.
- Complete transparency in trading.
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Learn more about Profitmart
As a firm, Profitmart has prized MCX Excellence Award in the last financial year and is best value for money through innovative products, up-to-date technology and personalized services and assistance. It also holds firm emphasis on ethical practices and transparency.
Profitmart has also achieved several distinctive milestones in small time duartion from major stock exchanges like NSE and BSE.
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Profitmart Brokerage Charges
| Equity Delivery Trading | 30 paisa per Rs 100 |
| Equity Intraday Trading | 1 paisa per Rs 100 |
| Commodity Trading | 1 paisa per Rs 100 |
| Equity Futures Trading | 1 paisa per Rs 100 |
| Equity Options Trading | NA |
| Currency Futures Trading | 1 paisa per Rs 100 |
| Currency Options Trading | NA |
| Minimum Brokerage | 0.01% for transaction |
| Demat AMC Charges | Free |
| Trading AMC Charges | Free |
| Margin Money | Minimum 10,000 |
According to various schemes the requirements will change and so will the brokerage rates applicable to each theme.The brokerage for Profitmart Securities Private Ltd depends upon the amount that one deposits in the trading account. To benefit from reduced brokerage slabs, one can begin by depositing a higher initial margin amount. As it happens, higher the margin deposit, the lesser will be the brokerage charged on the investments.
Profitmart Charges
Apart from Brokerage charges there are few other charges applied for stock market investment, but these are very minimal charges.
| Transaction Charges | 0.00325% of Total Turnover |
| 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) |
These charges are very small in amount and doesn’t affect return on investment.
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Profitmart Demat Account Opening Fees
| Depository Source | CDSL |
| Account Opening Charges | Zero |
| Demat AMC Charges | Rs 999 One Time Fee |
| Trading AMC Charges | Free |
| Margin Money | Minimum 10,000 |
| Offline to Online | Yes |
The Demat Account Opening Fee is Rs 999, which is one time fee for Life time and no AMC charges for it.
Trading Account AMC if free for all plans.
Profitmart Offers
| Free Demat Account | No |
| Free Trading Account | Yes |
| Discount on Brokerage | Yes |
| Trading Happy Hours | No |
| Flexible Brokerage Plans | Yes |
| 1 Month Brokerage Free | Yes, Rs 5555 for 1 month |
| Holiday Offers | Yes |
| Referral Offers | Yes |
| Zero Brokerage for Loss Making Trades | No |
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List of Profitmart Offerings:
- Lifetime Free Trading Account
- Free AMC Demat Account
- Free Trading Platforms
- 10%-20% discount on Brokerage
- 40x Margin Funding
- Open Demat Account in 1-3 days
One of the key offers by Profitmart Securities Pvt Ltd is that of the One time fee and Free Lifetime Demat Account, no AMC. This is what makes the offer of Free Lifetime Demat such an attractive proposition for investors. One of the new offers is that of up to 20% discount on brokerage rates. This is applicable when one is making use of the online trading platforms and services.
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How to open Demat Account with Profitmart?
- Fill up the Contact Details – Click here
- Sales team will receive the lead & give a call to prospect immediately
- Appointment will be fixed as per prospects availability
- Sales person will visit the prospect
- Prospect will have to provide few information & documents like Aadhaar Details, PAN Details, Account Opening Fees & POA, cancelled cheque with signature.
- Account will be activated within 1 working day
Why Open Profitmart Trading Account?
- Provide single platform for trading in equity, F&O, currency, and commodity.
- Flexible brokerage plan for all type of Investors.
- Customized portfolio tracker.
- Great Feedback & Complaint solving team.
- Zero account opening charges, free advanced trading terminal that gives super fast real time rates.
Profitmart Products & Services
List of products & services provided by angle broking to its clients
Profitmart Products:
| Equity Trading | Yes |
| Commodity Trading | Yes |
| Currency Trading | Yes |
| Options | No |
| Futures | Yes |
| Mutual Funds | Yes |
| Forex | No |
| Banking | No |
| SIP | No |
| Insurance | No |
The investors get quality research reports, advisory services and personalized customer support. One of the mainstays among the products of Profitmart is Equities Trading. The firm provides facilities for derivative trading. It is also now expanding into currencies trading.
List of Products offered by Profitmart.
- Equity Trading
- Derivatives
- Commodity
- Currency
- Mutual Funds
Find detailed review of Opening Demat Account via Profitmart
Profitmart Services:
| Demat Services | Yes |
| Trading Services | Yes |
| 3 in 1 Acount | Single Window Trading |
| Intraday Services | Yes |
| IPO Services | No |
| Stock Recommendations | Yes, Free |
| Robo Advisory | No |
| PMS | No |
| Trading Institution | Yes |
| Trading Exposure | Upto 20x |
This Full Service Broker provides a wide range of services:
- Demat Account
- Trading Account
- Intraday Trading
- Advisory Services from Head Office through WhatsApp or SMS
- 24*6 Customer Support, Sunday Off
- Depository Service
- PMS
- NRI Services
- Loan against Shares
Profitmart Securities provides Portfolio Management Services to HNIs for their investment decisions, with assistance in creating diverse and strategic portfolios like equity shares, loan, Mutual Fund and so on.
Profitmart Securities provides dedicated fund management as well as personalized customer support withflexible payment terms. The primary service is to provide the service of a Demat Account. There will also be technical assistance and expert advice in the form of in-depth research reports for the customers.
Customers receive Intraday Trading tips and suggestions which will help you buy and sell stocks on the same day. There are also Investment Advisory services and services for NRIs.
Profitmart Research, Advisory & Stock Tips
Check this table for entire details related to Profitmart Stock Tips, Research & Recommendations.
| Fundamental Reports | Yes |
| Research Reports | Yes |
| Company Reports | Yes |
| Annual Reports | Yes |
| Company Stock Review | Yes |
| Free Stock Tips | Yes |
| IPO Reports | No |
| Top Picks | No |
| Daily Market Review | Yes |
| Monthly Reports | Yes |
| Weekly Reports | Yes |
| Offline Advisory | Yes |
| Relationship Manager | Yes |
Profitmart – Refer and Earn Scheme
Refer any friend or family members to have an extra income. You can earn easily up to 20% of brokerage amount through referrals. Below are shown the plans and brokerage charges:
| No. of Clients | AVG. BROKERAGE P. A. | TOTAL BROKERAGE | CLIENT RP EARNINGS |
| 1 | 25,000 | 25,000 | 5,000 |
| 2 | 25,000 | 50,000 | 10,000 |
| 3 | 25,000 | 75,000 | 15,000 |
| 4 | 25,000 | 1,00,000 | 20,000 |
| 5 | 25,000 | 1,25,000 | 25,000 |
| 6 | 25,000 | 1,55,000 | 30,000 |
| 7 | 25,000 | 1,75,000 | 35,000 |
| 8 | 25,000 | 2,00,000 | 40,000 |
| 9 | 25,000 | 2,25,000 | 45,000 |
| 10 | 25,000 | 2,50,000 | 50,000 |
Profitmart Exposure or Leverage
Exposure varies on various parameter:
| Equity Delivery | Upto 20x |
| Equity Intraday | Upto 20x |
| Equity Futures | Upto 8x |
| Equity Options | NA |
| Currency Futures | Upto 8x |
| Currency Options | NA |
| Commodities | Upto 10x |
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Profitmart Trading Platforms
Profitmart provides limited range of trading platform for across devices & browser, let check these trading platforms.
Here is the list of their features:
| Desktop Platform – Windows | Yes |
| Desktop Platform – Mac | No |
| Desktop Browser Platform | No |
| Mobile Site Platform | No |
| Android App Platform | Yes |
| iOS App Platform | Yes |
| Windows App Platform | Yes |
| Other Mobile OS Platform | No |
| Real time Updates | Yes |
| Portfolio Details | No |
| Online MF Buy | No |
| News Flash | No |
| Research Reports | Yes |
| Easy Installation | Yes |
| Global Indices | No |
| Stock Tips | Yes |
| Personalized Advisory | No |
| Interactive Charts | Yes |
| Live Markets | Yes |
| SMS Alerts | Yes |
| Email Alerts | Yes |
| Multi Account Management | No |
Profitmart App : Mobile App based Trading Platform
A mobile app that allows customers to trade in stocks on the go. Available on both Google Play Store and App Store, this app provides multiple indexes with real-time prices as well as streaming market news alerts and intraday charts for all segments.
Profitmart: Web based Trading Platform
Coming soon.
Profitmart: Desktop based Trading Terminal – NEST
This is an application-based trading platform to analyze historical data of stocks for advanced-level analysis that will help in better investment decisions in the future. It also gives the user a lot of efficient access to the portfolio and enables the same to manage investments easily.
Mobile Web based Trading Platform:
Coming soon.
Mobile Browser based Trading Platform: for iOS and Android
This is a browser based platform and is specifically made for slow GPRS connections, works well with 3G and 4G devices.
Profitmart Customer Support
Here is the list of support this broking company provides to their client
| Dedicated Dealer | Yes |
| Offline Trading | No |
| Online Trading | Yes |
| 24*7 Support | No, 24*6 |
| Support Number | 022 4974 1225 |
| Email Support | Yes |
| Chat Support | No |
| Toll Free Number | No |
| Branches | 16 |
Profitmart Complaints & Feedback
Find the list of total complaints lodged & resolved at both the exchanges.
| Lodged in BSE | 0 |
| Resolved in BSE | 0 |
| Lodged in NSE | 3 |
| Resolved in NSE | 3 |
Profitmart’s Feedback team seems to be very proactive as they resolve all the client complaints & feedback within 48 hoursor as soon as possible.
Profitmart Advantages & Disadvantages
Here are the list of pros & cons of Profitmart.
Advantages
- Great offers and lucrative offer from time to time
- Smart trading platforms
- Offline/online transaction facility
- It helps investors to make forays into the derivatives market
- Great customer support
- It also gives franchisee for business
Disadvantages
- Prescribes minimum brokerage charges
- Does not provide any brokerage calculator
- Trading Platforms are not available for Web
- Various products are yet to be launched
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