Compositedge Stock Trading, Demat, Brokerage and Reviews
Incorporated in 1995, Composite Investments Pvt. Ltd. is a Bangalore based stock trading brokerage firm providing 'Flat Fee Stock Trading' services through its online stock trading website compositedge.com
Company charges fixed price brokerage of Rs 25 to Rs 15 per trade irrespective to the size of the trade and the segment in which trade is executed. Compositedge simplifies the brokerage charges through this flat fee share dealing model.
Composite Investments has stock broker experience of 16+ years and mainly does business in the Karnataka. Company is one of the few discount brokers in India who are growing fast.
Compositedge provides online share trading services to buy & sell stocks, futures, options and mutual funds. The trading platform available includes Trader Workstation (exe based installable application for high frequency traders), Web Trader (website based trading for casual traders) and Mobile Trading Platform (for people on move). Compositedge uses Nation Stock Exchange's NOW (NSE on Web) as trading platforms.
Compositedge Rated 3.75 / 5 based on 4 customer reviews
Overall Rating
Fees
Brokerage
Usability
Customer Service
Compositedge's Trading Platforms
Compositedge provides 3 trading platforms:
Installable Application (NSE NOW Trading Terminal) An installable application can be downloaded and installed on your computer for free. This allows fast execution of orders along with real time monitoring.
Online trading through website (though www.nowonline.in) A user friendly website allows traders to trade online virtually anywhere using internet browser.
Mobile Trading Platform (NSE Mobile Trading Platform) The mobile application allows customers to monitor market and trade from mobile phones. Mobile trading is available to all customer without any additional charges.
Demat Account Annual Maintenance Charges (AMC): Rs 300 per year
Trading Brokerages
Equity Delivery Based Trades: Rs 25 to Rs 15 per trade or 0.06% whichever is lower
Equity Intraday Trades: Rs 25 to Rs 15 per trade or 0.006% whichever is lower
Equity Future: Rs 25 to Rs 15 per trade or 0.006% whichever is lower
Equity Options: Rs 25 to Rs 15 per trade or 0.006% whichever is lower
Currency Future: Rs 25 to Rs 15 per trade or 0.006% whichever is lower
Currency Options: Rs 25 to Rs 15 per trade or 0.006% whichever is lower
Special Trade Offer:
Compositedge has launched a special trade offer which will bring down the fixed price brokerage from Rs 25 to Rs 18 and Rs 15 per trade, irrespective to the size or segment of the trade.
Through this offer Compositedge will charge:
First 50 orders - Rs 25 per order or 0.006% whichever is lower
Next 51 to 1000 orders - Rs 18 per order or 0.006% whichever is lower
1001 and above - Rs 15 per order or 0.006% whichever is lower
The number of orders is counted across the segments and over the time. For example if your first 50 orders executed in 2 month of account opening, your brokerage going forward is reduced to Rs 18 and when you reach first 1000 trades your brokerage per order is further reduced to Rs 15 for life time. So after you first 50 trades you no more pay Rs 25 brokerage.
Compositedge Brokerage Charges in Detail
Compositedge Charges
EQUITY Delivery
EQUITY Intraday
Brokerage
First 50 orders Rs. 25/- or 0.06% whichever is lower; Next 51 to 1000 orders Rs.18/- or 0.06% whichever is lower; 1001 and above Rs.15/- or 0.06% whichever is lower
First 50 orders Rs.25/- or 0.006% whichever is lower; Next 51 to 1000 orders Rs.18/- or 0.006% whichever is lower; 1001 and above Rs.15/- or 0.006% whichever is lower
STT
0.1% on both Buy and Sell
0.025% on the Sell Side
Transaction/Turnover Charges
NSE: 450/crore, BSE: 450/crore
NSE: 450/crore, BSE: 450/crore
Service Tax
12% on Brokerage + Transaction Charge
12% on Brokerage + Transaction Charge
Education Cess
2% of Service Tax
2% of Service Tax
Higher Education Cess
1% of Service Tax
1% of Service Tax
SEBI Charges
10 Rs/Crore
10 Rs/Crore
Stamp Charges
0.01% subject to a maximum of Rs 50
0.01% subject to a maximum of Rs 50
Compositedge Charges
Futures
Options
Brokerage
First 50 orders Rs.25/- or 0.006% whichever is lower; Next 51 to 1000 orders Rs.18/- or 0.006% whichever is lower; 1001 and above Rs.15/- or 0.006% whichever is lower
First 50 orders Rs.25/- or 0.006% whichever is lower; Next 51 to 1000 orders Rs.18/- or 0.006% whichever is lower; 1001 and above Rs.15/- or 0.006% whichever is lower
STT
0.017% on Sell Side
0.017% on Sell Side(on Premium)
Transaction/Turnover Charges
NSE: 450/crore, BSE: 250/crore
NSE: 7500/crore of premium, BSE: 2000/crore of premium
Service Tax
12% on Brokerage + Transaction Charge
12% on Brokerage + Transaction Charge
Education Cess
2% of Service Tax
2% of Service Tax
Higher Education Cess
1% of Service Tax
1% of Service Tax
SEBI Charges
10 Rs/Crore
10 Rs/Crore
Stamp Charges
0.01% subject to a maximum of Rs 50
0.01% subject to a maximum of Rs 50
Compositedge Charges
Currency - Futures
Currency - Options
Brokerage
First 50 orders Rs.25/- or 0.006% whichever is lower; Next 51 to 1000 orders Rs.18/- or 0.006% whichever is lower; 1001 and above Rs.15/- or 0.006% whichever is lower
First 50 orders Rs.25/- or 0.006% whichever is lower; Next 51 to 1000 orders Rs.18/- or 0.006% whichever is lower; 1001 and above Rs.15/- or 0.006% whichever is lower
STT
No STT
No STT
Transaction/Turnover Charges
Rs 300/crore
Rs 7000/crore only on premium
Service Tax
12% on Brokerage + Transaction Charge
12% on Brokerage + Transaction Charge
Education Cess
2% of Service Tax
2% of Service Tax
Higher Education Cess
1% of Service Tax
1% of Service Tax
SEBI Charges
10 Rs/Crore
No SEBI Charges
Stamp Charges
0.01% subject to a maximum of Rs 50
0.01% subject to a maximum of Rs 50
Compositedge Charge Structure Explanation:
STT: This is charged only on the sell side for intraday and F&O trades. It is charged on both sides for Delivery trades in Equity.
Stamp Duty: Charged at .01% or Rs. 50 per contract note whichever is lower.
Service Tax: This is charged at 12 % of the total cost of brokerage plus transaction charges.
Education Cess: This is charged at 2% of the Service Tax.
Higher Education Cess: This is charged at 1% of the Service Tax.
SEBI Charges: This is charged at Rs 10 per crore.
NSE Transaction or Turnover Charges: This is charged at Rs. 450 per crore for Currency, Rs.450 per crore for Equity & Futures and Rs.7500 for Options (on premium).
BSE Transaction or Turnover Charges: This is charged at Rs. 450 per crore for Equity, Rs.250 per crore for Futures and Rs. 2000 for Options (on premium).
How to open account with Composite Investments Pvt Ltd?
Opening the share trading account with Compositedge is simple and an online process. It takes just 1 day to open both trading as well as demat account with Compositedge.
To open the account please fill the Compositedge contact form. A representative will call you in next few hours and guide you with steps to open the account.
Following documents are required for demat and share broker account opening with Compositedge:
3 Photograph
Copy of PAN Card
Proof of Identity Copy of PAN Card (If PAN Card not available; UID, Driving License, Voter Id., Passport etc).
Proof of Address Self Attested copy of any one of the following (Passport, Bank statement, Ration card, Voter ID, Driving license, Electricity bill or Landline telephone bill.
Income Proof (for trading in F&O segment)
Compositedge Advantages
Compositedge is a flat fee share broker offering fixed price brokerage at Rs 25 to Rs 15 per trade irrespective to the size or segment of trade. The flat fee stock trading is very simple to understand and to manage your brokerage expenses.
Equity and Currency Future trading is available at Rs 25 to Rs 15 per trade or 0.006% whichever is lower. This is cheapest in industry.
Compositedge is among the cheapest stock broker in India. They are among few discount brokers who are transforming the Indian brokerage industry.
There are no hidden fees or charges in terms of brokerage. Additional services and taxes are charged as per industry standard.
Fund transfer from 3 popular banks is free when done from NOW platoform. This includes HDFC bank, AXIS Bank and Kotak Mahindra Bank. Note that the fund transfer is not free for these banks when it is done from Back Office.
No minimum amount balance required to open a Compositedge trading account. Trading and Demat accounts can be closed any time without any penalty.
As per SEBI rule the maximum brokerage charged by Compositedge is 2.5%. If a person buy 1 share of Rs 100, the brokerage charged will be Rs 2.5/- (and not Rs 25/-).
Customer doesnt have to buy a prepaid plan to gain the benefits of flat fee share dealing. The flat fee of Rs 25 is applicable to all of its customers including investors who trade casually and day traders who make multiple trades each day.
Account with Compositedge can be opened in 1 day. This is the quickest in the industry.
Compositedge is a Bangalore based establish player which 15+ years of experience in brokerage industry.
Demat account opening charges are just Rs 100 and yearly maintenance charges are Rs 300/- per year, which is lesser then most of the brokers.
An editable PDF account opening form is available for customers. Customer can fill this up on his computer, take the printout, sign the papers and send it to the company.
Customer support though Google Chat and Yahoo Chat is available.
Composite Investment also offers 'Fully Automated Trading (Algo Trading)'.
Compositedge Disadvantages
Compositedge do not offer 3 in 1 account (Bank + Demat + Trading Account). It offers Trading and Demat account.
Composite Investments has only 1 branch which is located in Bangalore.
If you trade intraday as well as delivery based,then Zerodha is the best. Otherwise, if you do only intraday, then Compositedge. Also, for small cap share invester, it is Zerodha whose in fact the best ever till now) whereas Compositedge charges are still higher for that thing. So, Zerodha is the best.
5.1. Nirmali Dec 09, 2012 12:58:27 AM IST |
How you can say delivery based trade in zerodha cheaper than composite , after 50 trade brokerage reduce to 18 and transaction charge lower than zerodha. Also demate opening charge and AMC lower than zerodha.
Who is the cheapest broker between Zerodha & Composite investment in terms of equity trading (intraday/delevery based)
4.1. Malini Oct 15, 2012 3:16:30 PM IST |
Compositedge will be cheaper as they charge Rs.25/- or 0.006% whichever is lower for the first 50 executed orders.Then it becomes Rs.18/- or 0.006% till 1000 executed orders.There transaction charges are also lower when compared to Zerodha.
4.2. Rahul Feb 26, 2013 10:45:44 PM IST |
Brokrage is cheper in compositeedge. but demat charge is more in Compositage than Zerodha. If you do delivery trading than overall(Brokrage+Demat Charge) charge is more in compositeedge than zerodha. Zerodha has more user than compositeedge.
For intraday trading copositeedge is cheper but for delivery it is not.
3. Chittorgarh.com Team Jul 17, 2012 12:20:27 AM IST | Reply
Hi Guys,
Please find "Comparision of Zerodha and Compositedge Brokerage and Demat Charges" at
Sharekhan
