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 Securities Offers


Profitmart – Customer Ratings & Review

CriteriaRating
Research & Advisory6.2/10
Brokerage Charges & Fees7.0/10
Products & Services6.8/10
Trading Platforms7.0/10
Broking Experience7.0/10
Overall Ratings6.8/10

About Profitmart Securities

Company TypePrivate
Broker TypeFull Service Broker
HeadquartersMumbai, India
Co-Founder, DirectorRakesh Sonawane, Niranjan Mahajan, Nayan Bhandari, Yesudasan R K
Established Year2010

ProfitMartProfitmart 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

    Traditional PlanDiscount Plan
    Equity Delivery Trading0.30%Rs.20/Order
    Equity Intraday Trading0.03%Rs.20/Order
    Commodity Trading0.03%Rs.20/Order
    Equity Futures Trading0.03%Rs.20/Order
    Equity Options TradingRs. 50/LotRs.20/Order
    Currency Futures Trading0.03%Rs.20/Order
    Currency Options TradingRs. 50/LotRs.20/Order
    Minimum Brokerage0.01% for transaction0.01% for transaction
    Demat AMC ChargesRs.999/-Rs.999/ or Rs.25+GST/Month
    Trading AMC ChargesZeroZero
    Margin MoneyMinimum 10,000Minimum 10,000

    According to various schemes, the requirements will change and so will the brokerage rates be 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 Traditional Brokerage Plan

    This is the default plan the stock broker provides, or you can simply go for the discounted plan. Under this plan, you will be charged 0.30% for trading in equity delivery. On the contrary, you will be charged 0.03% for intraday, futures and commodity.

    If you want to trade in Options segment, you will have to play brokerage at the rate of Rs.50/lot. AMC is taken at Rs.999 for lifetime.

    Profitmart Discount Brokerage Plan

    This is the discounted plan which has a brokerage charge of flat rate. Rs.20 per order is the brokerage charge, irrespective of the segment you wish to trade in. Rest of the aspects are similar to the traditional plan except AMC, which is either Rs.999 or Rs.25+GST/Month.


    Profitmart Charges

    Apart from Brokerage charges there are few other charges applied for stock market investment, but these are very minimal charges.

    Transaction ChargesRs.20/- per scrip
    STT0.0126% of Total Turnover
    SEBI Turnover Charges0.0002% of Total Turnover
    Stamp DutyDepends on State (very minimal)
    GST18% of (Brokerage + Transaction Charges)

    These charges are very small in amount and doesn’t affect return on investment. But, you still need to know about the inclusive charges for each transaction, and they basically comprise of transaction charges, STT, SEBI turnover, stamp Duty and GST.

    Profitmart Other Charges

    • Dematerialization – The charges are Rs 10.00 per certificate. There are also courier charges of Rs.35/- per demat request for every 500 gms.
    • Rematerialization – For remat request, you will have to pay Rs.25/- per certifcate or 0.05% of the value whichever is higher.
    • DP Charges – The interest is 13% if the outstanding bill is not paid on or before due date. There is another statement request charge, wherein Rs. 25/- is taken on Adhoc statement requests.
    • Pledge Charges – For the purpose of creating, Closure and confirmation of both, you shall be charged 0.02% of the transaction charges subject to a minimum of Rs.50/- plus NSDL / CDSL charges at actual.

    Find brokerage charges of other Stock Brokers


    Profitmart Demat Account Opening Fees

    Depository SourceCDSL
    Account Opening ChargesZero
    Demat AMC ChargesRs 999 One Time Fee
    Trading AMC ChargesFree
    Margin MoneyMinimum 10,000
    Offline to OnlineYes

    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 AccountNo
    Free Trading AccountYes
    Discount on BrokerageYes
    Trading Happy HoursNo
    Flexible Brokerage PlansYes
    1 Month Brokerage FreeYes, Rs 5555 for 1 month
    Holiday OffersYes
    Referral OffersYes
    Zero Brokerage for Loss Making TradesNo

    There are a lot of offers provided by the stock broker house to its esteemed client base. They provide the trading account free of cost, and flexible brokerage plans to choose from, as per the style of trading.

    Also, the account opening charges and the AMC are minimal, which is yet another attractive aspect of holding an account with Profitmart.


    Find Offers from other Broking Houses


    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 TradingYes
      Commodity TradingYes
      Currency TradingYes
      OptionsNo
      FuturesYes
      Mutual FundsYes
      ForexNo
      BankingNo
      SIPNo
      InsuranceNo

      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 ServicesYes
      Trading ServicesYes
      3 in 1 AcountSingle Window Trading
      Intraday ServicesYes
      IPO ServicesNo
      Stock RecommendationsYes, Free
      Robo AdvisoryNo
      PMSNo
      Trading InstitutionYes
      Trading ExposureUpto 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 ReportsYes
      Research ReportsYes
      Company ReportsYes
      Annual ReportsYes
      Company Stock ReviewYes
      Free Stock TipsYes
      IPO ReportsNo
      Top PicksNo
      Daily Market ReviewYes
      Monthly ReportsYes
      Weekly ReportsYes
      Offline AdvisoryYes
      Relationship ManagerYes

      You can rely on the stock broker for a research and advisory related help. The company provides Research. company and annual reports for you to make a fruitful decision.

      Furthermore, there is a relationship manager provided, who would collaborate with you in many instances. You can also rely on the company for free stock tips.


      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 ClientsAVG. BROKERAGE P. A.TOTAL BROKERAGECLIENT RP EARNINGS
      125,00025,0005,000
      225,00050,00010,000
      325,00075,00015,000
      425,0001,00,00020,000
      525,0001,25,00025,000
      625,0001,55,00030,000
      725,0001,75,00035,000
      825,0002,00,00040,000
      925,0002,25,00045,000
      1025,0002,50,00050,000

      Profitmart Exposure or Leverage

      Exposure varies on various parameter:

      Equity DeliveryUpto 2x
      Equity IntradayUpto 15x
      Equity FutureUpto 4x
      Equity OptionUpto 4x for shorting
      Currency FutureUpto 2x for shorting
      Currency OptionNA
      Commodity FutureUpto 3x
      Commodity OptionNA

      If you wish to opt for the Margin service, you need to know the exposure provided under each of the segment. For equity Intraday segment, you get the highest exposure, i.e. of 15x. You can check the other ranges as well in the table provided above.


      Check Margin or Exposure of other stock brokers


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

      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 DealerYes
      Offline TradingNo
      Online TradingYes
      24*7 SupportNo, 24*6
      Support Number022 4974 1225
      Email SupportYes
      Chat SupportNo
      Toll Free NumberNo
      Branches16

      Profitmart Complaints & Feedback

      Find the list of total complaints lodged & resolved at both the exchanges.

      Lodged in BSE0
      Resolved in BSE0
      Lodged in NSE3
      Resolved in NSE3

      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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