Narnolia Trading / Online Trading – Review, Process, Benefits, Charges & more

We’ll review Narnolia on the basis of one of their important business aspect, in this article. We’re referring to the Narnolia Trading Facilities. The trading charges are inclusive of brokerage as well as certain taxes.

Narnolia or Narnolia Financial Advisors is a Kolkata based financial advisor. The company was founded as dream of Krishannand Narnolia in 1997. This means that they’ve been in this industry for over 2 decades.

The Narnolia brokerage is directly levied by the company. However, the taxes depend on several norms established by the government. So, we’ve elaborated them both separately.

We’ve elaborated the ways in which one can initiate trading with them. At last we’ve given a brief about all Narnolia Online Trading Services.

Narnolia Trading and Benefits

Narnolia trading services come along with many hidden perks. We’re not merely referring to the financial benefits they grant. Here’s the complete list of all the benefits you may expect from them:

• They act as the depository partners of both CDSL and NSDL. This makes it easier to transfer funds related to investment and formalities for the traders.
• They literally grant free Demat Account. And, to add on top of that, they even grant free access to all of Narnolia online trading platforms.
• They have really low Margin Money balance requirement. We’re referring to a negligible figure of Rs.3,000. This is by far, the lowest in the entire industry.
• They provide substantial discount on the overall brokerage. Moreover, they even lay down certain holiday offers for their clients. And, if that was not enough, then they even offer flexible brokerage plans to choose from.
• And, at last they have one of the best customer care establishments in the entire country.

Open Trading Account with Narnolia – Fill up the Form Now!

Narnolia Trading Charges

We’ve already mentioned that Narnolia trading charges are a mixture of certain taxes and brokerage. We’ve separated both the charges. Here’s the list to the former set of charges:

1. The list of these taxes begins with a set of Transaction Charges. This sort of tax is imposed at a rate of 0.00325%. And, the imposition is carried out on Total Turnover.
2. The next of taxes is imposed in the form of STT. This is even known by the name of Securities Transaction Tax. The imposition for this tax is done at 0.00126% over total turnover.
3. Then comes the tax called SEBI Turnover Charges. This is charged at 0.0002% on total turnover.
4. The traders are even subject to pay 18% worth of GST. However, this charge is imposed on the sum of brokerage and transaction charges altogether.
5. Lastly, the company incurs a tax called the Stamp Duty. This is applicable as per the norms of the varying states of business.

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Narnolia Delivery Trading

Delivery Trading refers to the times when the trade is done for certain shares of a company. The process may be repeated as many times as one needs or wants. This is by far the most popular format of financial trading in India.

Narnolia Delivery Trading services add a great deal of potential to this domain. The services are available at a negligible commission rate. We’re referring to a brokerage of 0.1 – 0.2%.

Narnolia Intraday Trading

Intraday or Day Trading may sound a lot similar to Delivery Trading. In reality there are a lot of similarities within both. We’re referring to the similarities in terms of tradable instruments. However, there is a major difference in both these formats.

Intraday Trading requires the traders to deal off the bought shares within the same day. This gives the traders a timeline of nearly 8-12 hours. Anyway, this is a great way of making huge profits.

Also, one must stay really aware for intraday trading. That’s exactly where the Narnolia Intraday Trading services come into play. These, services offer professional advisory and assistance to the traders. They can be availed by paying merely 0.01 – 0.02% brokerage to Narnolia.

Narnolia Option Trading

Narnolia Options trading deals in certain financial instruments that are bought and sold at a predetermined price. These services help the traders to determine the authenticity of the shares and even help them to decide the right price.

They can be easily availed with a very negligible commission rate. In fact, the traders can get these at a commission rate as low as Rs.10 – Rs.20 per lot for Equity options Trading and Currency Options Trading.

Narnolia Futures Trading

Narnolia Futures Trading services are yet another gem available for hire. These services can be fetched with a minimal brokerage as well. We’re referring to 0.01 – 0.02% for Equity Futures.

Narnolia Currency Trading

This service being granted by the company has been of real help to many. These enable the traders to trade in globally acknowledged currencies with ease. The Narnolia Currency Trading services can be availed easily for 0.01 -0.02% brokerage rate.

Narnolia Commodity Trading

Narnolia Commodity Trading services are the last in line for trading brokerage. The company charges traders worth 0.01 – 0.02% brokerage rates on these. These services deal in only a handful of articles, i.e. certain agricultural products and industrial metals.

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Narnolia Online Trading Process

We’ve simplified the Narnolia online trading services for you. In fact, we’ve trimmed it down to merely four steps. All you need to do is understand and implement them at a chronological manner:

1. Step one is to locate and click on a very specific button. This button we’re referring to is available at the bottom of this very section. Searching the end of section will help you to locate the button easily. Moreover, it has the letters ‘Open Demat Account’ inscribed on it.
2. The second step begins after you click on the ‘Open Demat Account’ button. This takes you to a whole new page with an embedded form. You must read the entire form and fill it up properly. You must even submit a few documents in order to verify your statements.
3. The third step occurs to you without much effort. For this part, you’ll receive a call from the company itself. It’ll grant you access to a specific login ID and password. These must be used to get inside one of company’s Demat Accounts. However, it’s always better to change the default password for your account’s safety.
4. For the fourth and last step, there are multiple things to do. At first create one or more watchlists consisting all your favourite stocks. Then monitor the share price fluctuations. At last trade the shares from within the ‘Buy / sell’ section.

Narnolia Online Trading Platforms

Narnolia trading platforms are of utmost importance. These platforms represent the technological advancement of the company. They’re the core reason for the company’s swift growth. So, here’s the detail about them all:

• Narnolia Desktop Based Trading Platform: Narnolia uses an in-house developed software called Tejas EXE for this. It’s compatible with Windows 7, 8 and 10. It comes with integrations for trading across NSE, BSE and even MCX. It even has integrated FNA strategy based analytical tool with many scanners.
• Narnolia Web Browser Based Trading Platform: This is a web based platform from Narnolia known as Tejas-i. It’s totally based on Tejas EXE. It’s secured with a 256 bit encryption. This makes it super reliable while trading using third party web browsers. Moreover, it’s compatible with almost all browsers like Chrome, Safari, Opera and Internet Explorer. Moreover, it’s optimized to perform optimally even in tough conditions with a data speed as low as 40 kbps.
• Narnolia Mobile Application Based Trading Platform: This is the Narnolia mobile app based trading platform. It’s called the Narnolia – Online Stock Share / Stock Trading App. It can be found within both, Playstore and App Store. This means that it’s compatible with both Android and iOS devices. It comes integrated with Technofunda analytics, so this platform is filled with Fundamental, Quant, Technical, and Derivative Analytical features.

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Narnolia Trading – Conclusion

There really isn’t much left to tell about Narnolia trading services. All we can say is that the company is a worthy one. You can definitely trust their trading platforms for a safe and secured trading experience.

Open Trading Account with Narnolia – Fill up the Form Now!

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