Indiabulls Securities Stock Trading, Demat, Brokerage and Reviews
Indiabulls Securities (ISL) is the India-based Stock Broker. ISL is part of Indiabulls Group, a leading business house in India with businesses spread across many sectors including Infrastructure, Power, Real Estate and Financial Services.
Indiabulls Securities provides integrated capital market related services in India including Stock Broking, Equity Research, Depository Services, IPO Investment, Commodities Trading and Trading in Currency Derivatives.
Indiabulls offers these services through its popular online trading platform (Power Indiabulls) and also though a wide network of branches and sub brokers.
The Indiabulls Online Trading Platform, Power Indiabulls (PIB) is desktop trading application designed and developed in-house by ISL. It's a fully integrated user friendly trading application. (Note that a customer has to pay one time activation fees of Rs 750 to use PIB.)
Indiabulls also provides a Mobile Trading Platform 'Mobile Power Indiabulls (MPIB)'. MIPB is among the best mobile trading application available to Indian Stock Market Investors. The MIPB offers Live Market Watch, Facility to Buy & Sell Stocks, View Reports and Messages on verity of smart phones.
PIB is Indiabulls Securities Online Trading Platform. It offers built-in internet trading features along with Live Streaming Stock Quotes. PIB can be accessed though a web browser like Internet Explorer. It offers features which suites beginners to advance traders. Live Market News, Tic by Tic Live Intraday Charts, Technical Analysis are few key features available in PIB.
Website Trading
Indiabulls trading website allows its customers to place orders online, track transactions, invest in IPO’s and Mutual Funds, Transfer Funds, Track Portfolio and access research reports and news.
Mobile Power Indiabulls (MPIB)
The Mobile Trading Platform of Indiabulls allows Trade in Equity, Access to Real Time Stock Quotes and Market Research Reports, Customized Alerts and Messages, View Margin Report and Trading Account Summary etc. It allows you to trade anytime from anywhere.
A fee of Rs 15 for every 100 securities or part thereof. OR A flat fee of Rs 15 per certificate, whichever is higher.
Delivery Instruction Book
Nil
How to open account with Indiabulls Securities Ltd?
For online trading with Indiabulls Securities, investor has to open an account. Following are the ways to open an account with Indiabulls Securities:
Call Indiabulls Customer Support at 0124 4572444 (9:00 A.M. to 6:00 P.M. Monday to Friday excluding Trading Holidays).
Contact Indiabulls Securities by sending email at helpdesk@indiabulls.com
Visit their nearest branch.
Contact Indiabulls Securities / Request Call Back
Indiabulls Securities Advantages
Trading Terminal 'Power Indiabulls' is among the best trading terminals available in the market.
Power Indiabulls is available for Apple's Mac and Linux OS.
Mobile Power Indiabulls (MPIB) trading platform is unique and very handy. No additional charges for using Mobile Trading facility.
Indiabulls has its own depository services.
Wide spread network of local branches and sub brokers make them very accessible.
Security Tokens are available for people who need additional security of their trading account.
Indiabulls Securities Disadvantages
'Power Indiabulls' Trading Terminal comes at a cost of Rs 750 onetime fee.
Indiabulls Securities doesn't offer 3-in-1 account as the company doesn't provides banking services.
Indiabulls Securities Complaints Recieved at BSE / NSE:
Number of customer complaints lodged against share broker Indiabulls Securities:
Exchange
Financial Year
Number of Clients *
Total Complaints **
BSE
2014-15
595,354
12
NSE
2014-15
47,348
62
BSE
2013-14
593,812
26
NSE
2013-14
46,314
85
BSE
2012-13
590,018
48
NSE
2012-13
607,108
162
BSE
2011-12
580,929
71
NSE
2011-12
622,143
183
* Number of active clients the broker or trading member has. As per SEBI guidelines each broker reports the newly added clients to the exchange though unique client code (ucc) process. The informaiton on this page is provided by the exchange.
** The total number of complaint received against the broker at the given exchange.
In june 2006, When I got my account statement of Oct’2006, I found out a debit of Rs. 14022.00 (approx.), when I enquired about it to my relationship manager of indiabulls, he told me that he invested this money in Futures & Options on 18/10/2006 in OPTSTK RELIANCE 26-OCT-06 1230 CA (Contract note attached) which got expired by itself on 26/10/2006 and all my money became zero.
I asked him that how can he do this without my permission and I will complaint against him in Indiabulls. He said that he cannot do anything and he already left the job of indiabulls. So, I met the office head of my account branch i.e. vashi, Mumbai and the office head told me that indiabulls cannot do anything as the person responsible has already left the job but he will look in the matter and will find some solution to it. When approx. four months gone and nothing happened, I filed my complaint on the registered email id of indiabulls i.e. Email about the same and I got the reply that they are looking in the matter. Then in approx. every six months I keep filing my complaint and always got the same reply that they are still looking in the matter. When I was not getting any positive response from indiabulls, then I search for higher authority and I found out that SEBI is the only of complaints. I also look for consumer forum also but found out that every complaint related to market dealt by SEBI only so didn’t opted for consumer forum. I filed my complaint in SEBI twice in the year 2009 by registering my complaint from their website but no one responded or entertained my complaint from SEBI. I again start filing my complaint on the registered email id of indiabulls.When the scores.gov.in comes into existence, I tried my indiabulls complaint through scores.gov.in and I am very happy to say that scores.gov.in starts taking action in the matter.
The launch of scores.gov.in is the best step in the financial market of India. They really listens. Now, from eight years I am fighting for my hard earned money but still got nothing. My case is under process in NSE with ref. no. NSE/ISC/2013/ 1307280875601322 (for proof) and I bet that I will never leave the culprit to go away so easily. I am proud to say that I am fighting from 8 years and found no support in my great country’s legal structure. To prove me as investor of indiabulls, My dmat a/c of indiabulls is DP ID 12029900, CLIENT ID 02957690 & online client ID is 289169.
159. chetan hari pawar Sep 10, 2013 12:22:36 PM IST | Reply
it was a very horrible experience with INDIABULLS FINANCE,without taking any loan and just for logging the file they charged Rs 1124. i was explained by the executive that the money is totally refundable if u dnt take loan but now customer care says its non refundable.
158. sivasakar Aug 17, 2013 4:48:37 PM IST | Reply
Good broker, easy to manage platform,pay in and payout excellant, better for individual online trader.
Ratings:
Brokerage - Below Average Account Maintenance Fees - Excellent Website Usability - Excellent Customer Service - Excellent Overall Experience - Above Average
I want to warn everyone through this forum about Indiabulls services. First their brokerage is one of the most expensive in India. I am 25 quantity) of option BANKNIFTY which is at 50 rupees per quantity, I will have to pay 200 rupees to indiabulls as buy and sell as brokerage. It means the price per quantity has to be more than 60 rupees for you to make profit. It is 20% increase in the value of the index. Now is there any trader who can work with this amount of brokerage. And then one day you will get a phone call of indiabulls RM saying he would like to give you suggestions for the trade. He say "Give me 1 month and I will show you results. Your stock will be up 20-30%". You think that since indiabulls has hired him and his daily job is to analyze market he may be expert at it. There is no harm trying him. You start trading on his advise. First few times he advises to buy and sell your stock in such a way that the whole profit goes as brokerage. Sometimes you even lose becayou pay more brokerage than make profit. When you call him he says "Ohh I didn''t know how much your brokerage was". You give him benefit of doubt. Then he says let trade in options. You say that you dont know much about options and have never traded in it. He says that you try it and you will learn. Now here starts your downfall. You dont know that prices of options goes to 0 and you can sometimes get nill aout of your investment. You find out that the RM lacks basic arithmetic sense. He does know what price and how much percent the option price has to rise to give profit to the client. But I also doubt his maths skills. I think there is a understanding between indiabulls and RMs where RMs responsibility to such money out of clients untill last clients Let me share my portfolio: End of January: Around 3.5 lakhs End of February: Around 1.5 lakhs :( . And during this time I didnt do any trading of my own. My experience of Indiabulls has been very costly. I am sharing this becaI dont want anyone to make mistake that I made and lose hard earned cash :( . Please beware of Indiabulls and his services. I am going to close my account with Indiabulls now.
157.1. Amar May 9, 2013 7:25:33 PM IST |
I too have the similar experience but luckily i lose only 60K. I learned their dirty trick little early
157.2. Saurav Bhattacharyya Jan 23, 2015 9:56:57 PM IST |
Well, first I thank u for a detailed review. I''m quite experienced in such things. To be frank, every brokerage hoemploys these RMs....just keep away is my adivce to all. These people have a duty to take as much brokerage out of your tradings, they say secretively to each other..."he would have lost all his money trading so what''s the harm in taking majority of it" Trading is perhaps the easiest way to lose money...you can''t blame anyone...RM or anyone, the simple question is if an RM could earn you money they why is he doing a menial job for Rs 10,000 pm ? None can earn for you....only you and you can...read books on trading..there are many good books, search the net, Aswani Gujral, Ashu Dutt etc. have written golden books for all, only you have to read and practise those, it take a few years to lear trading...first year is for book trading..then put little very little, only 5% of your capacity...like every one needs to go to college and study for 20 years to get a job...in trading too..you have to study and work very hard...very hard....then money will come to you...you don''t have to run for it....all the best...
153. Kishan G K Jan 18, 2013 3:47:15 PM IST | Reply
Though brokerage is on a higher side, it is quite easy to get the brokerage down by negotiation. After a month of heavy trading, india bulls got the brokerage fees down by at least 30%. Apart from that, i am always getting consistent help from the broker when needed which is really appreciated.
Ratings:
Brokerage - Above Average Account Maintenance Fees - Above Average Website Usability - Average Customer Service - Above Average Overall Experience - Above Average
As you only want to open an account for trading I assume you are a high volume trader and actively participate in F&O. Try a budget broker like zerodha.com, account opening Rs. 200, no AMC if you do not open a demat account with them and brokerage is kept at a maximum of Rs. 20 per trade. You get free access to NOW which of all the trading terminals I have used has the least time lag.
Poor technical analysis Live Nifty Intraday Charts are without indicators. We can't synchronize it. Nifty/Sensex chart (manual)breeds confusion, you have to press refresh button all the time. Live equity (stock)intraday charts are accurate, but they are slow. Brokerage is high but negotiable. You are bound to lose.
149. Puthuppali Thakadial Joseph Feb 18, 2012 12:15:10 AM IST | Reply
I have been with Indiabulls for the last 4 years and I am happy with it. Specially I like the extra security measures it takes to protect your wealth.
Ratings:
Brokerage - Above Average Account Maintenance Fees - Excellent Website Usability - Above Average Customer Service - Above Average Overall Experience - Above Average
148. JAI PRAKASH SHARMA Feb 4, 2012 6:33:51 PM IST | Reply
The services of Indiabulls are worst. There staff as well R.M and Branch Manager are also confusing. I have cleared all the debits but even then the messasge of margin call comes. If I ask the reason nobody is ready to explain. Therefore according to my openion it staff must be educated. Over all trading service including software and webside is good. But borakerage is also higher than other companies.
Indiabulls is a bogus broker. They just play and spoil public money. Their management is only concerned about the brokerage the RM'S and BM'S earn. Thats their only motto. In the morning they will fix how much a branch will earn during the whole day on a particular day. Its amazing. They know the stock will not perform even they will say, "Sir, you buy this stock, it will earn you more" haha! quite amazing.
Ratings:
Brokerage - Above Average Account Maintenance Fees - Average Website Usability - Below Average Customer Service - Very Poor Overall Experience - Very Poor
Brokerage is on higher side as compared to few others i have known. I opened the account for free as it was under scheme hence no yearly charges as well.
Ratings:
Brokerage - Average Account Maintenance Fees - Excellent Website Usability - Above Average Customer Service - Above Average Overall Experience - Above Average
i am venkat.i have been trading in indiabulls for last four years.it is FAST accessing 'POWERBULL SOFTWEAR'and less brokerage charges than other well known brokerages
Ratings:
Overall Rating - Above Average Fees - Above Average Brokerage - Above Average Website usability - Above Average Customer Service - Above Average
List of Banks for net banking for India bulls Trading( tie up with India bulls). Bank of India & United Bank of India are exist in the list?
142. Amit Mundra Nov 9, 2010 10:11:13 AM IST | Reply
Hiii, I am looking for a cheap and fast serving demat and trading account with the charges of .03 and .3 paisa or less then that. I am in hurry for opening an account. I am residing in pune.
Ventura
