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 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.

India Share Broker Rating

Indiabulls Securities Share Broker
Rated 3.71/5 based on 31 customer reviews
Overall Rating Fees Brokerage Usability Customer Service
Rated 3.7 stars Rated 3.7 stars Rated 3.6 stars Rated 4.0 stars Rated 3.5 stars Rate Indiabulls Securities

Indiabulls Securities's Trading Platforms

  1. Power Indiabulls (PIB)

    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.
  2. 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.
  3. 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.

Indiabulls Securities Brokerage Charges 2015

  • Trading Account Opening Charges (One Time): Rs 750
  • Trading Annual maintenance charges (AMC): NIL
  • Demat Account Opening Charges (One Time): NIL
  • Demat Account Annual Maintenance Charges (AMC): Rs 450

Indiabulls Securities Brokerage Charges:

  • Equity Delivery Based Trades Brokerages: 0.40%
  • Equity Intra-day Trades Brokerages: 0.04%
  • Equity Future Trades Brokerages: 0.04%
  • Equity Options Trades: 2.5% or Rs 100 per lot whichever is higher
  • Minimum Brokerage(Equity): 4 Paisa per share

Indiabulls Demat Charges:

TransactionCharges (Account with POA)
Stamp Paper ChargesNil
Annual Maintenance Charges (AMC)
1. AMC Charges for Basic Services Demat Account (BSDA)
Value of holdings up to Rs 50,000Nil
Value of holdings between Rs 50,001 to Rs 2,00,000Rs 100
2. Normal AMC Charges (inclusive of Service Tax)
IndividualRs 450
CorporateRs 1000
Custody ChargesNil
Transaction Charges (Buy)Nil
Transaction Charges (Sell)Rs 9.50 per Transaction or .02% of the transaction value (whichever is higher)
Off-Market TransactionsRs 15 or .02% of the transaction value (whichever is higher)
Failed InstructionNil
Pledge Creation/Confirmation/Closure/InvocationRs 25 or .02% of the transaction value (whichever is higher)
DEMATRe. 1 per certificate (max Rs 250) + Rs 25 courier charges
DEMAT RejectionsRs 20 per rejection + Rs 25 courier
REMAT ChargesA 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 BookNil

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
  • Visit their nearest branch.

Contact Indiabulls Securities / Request Call Back

Name:Phone #:
Are you a day trader?

Indiabulls Securities Advantages

  1. Trading Terminal 'Power Indiabulls' is among the best trading terminals available in the market.
  2. Power Indiabulls is available for Apple's Mac and Linux OS.
  3. Mobile Power Indiabulls (MPIB) trading platform is unique and very handy. No additional charges for using Mobile Trading facility.
  4. Indiabulls has its own depository services.
  5. Wide spread network of local branches and sub brokers make them very accessible.
  6. Security Tokens are available for people who need additional security of their trading account.

Indiabulls Securities Disadvantages

  1. 'Power Indiabulls' Trading Terminal comes at a cost of Rs 750 onetime fee.
  2. 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.

Broker complaints in India - Year wise complaints recieved by exchange

Useful links about Indiabulls Securities

  1. Corporate Office: 448, Udyog Vihar,
    Phase V, Gurgaon – 122001
  2. Email:
  3. Phone: 0124-4572444

Enquiry Form

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About this review:
Title: Indiabulls Securities Stock Trading, Demat, Brokerage and Reviews
Author: Team
Date published: 1/10/2015 2:42:00 PM
Category: Stock Broker
Rating: 3.71 out of 5
Votes: 31

Indiabulls Securities Ltd Reviews


161. ajay tawrani  Jan 19, 2015 11:41:38 AM IST |  Reply 

Pathetic service, the customer relationship managers or Customer Care Reps are hopeless & of no help.


Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor

160. neeraj  May 9, 2014 1:01:27 AM IST |  Reply 

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 comes into existence, I tried my indiabulls complaint through and I am very happy to say that starts taking action in the matter.

The launch of 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.


Brokerage - Below Average
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Above Average

157. Arvind  Mar 4, 2013 2:33:40 PM IST |  Reply 

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 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 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 every one needs to go to college and study for 20 years to get a trading have to study and work very hard...very hard....then money will come to don''t have to run for it....all the best...

156. sr  Jan 30, 2013 6:20:13 AM IST |  Reply 

Mind you, 0.4% on buy and 0.4% on sell for delivery, so pls calculate how much you have to pay.

155. Qudrat Shaikh  Jan 25, 2013 12:24:20 PM IST |  Reply 

I want to trade in z category will Indiabulls accept or which banks accepts it

154. SAIKUMAR  Jan 20, 2013 9:22:13 PM IST |  Reply 



Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent

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.


Brokerage - Above Average
Account Maintenance Fees - Above Average
Website Usability - Average
Customer Service - Above Average
Overall Experience - Above Average

152. Raj  Jul 19, 2012 6:52:05 PM IST |  Reply 

Hi Suraj,

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, 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.

151. suraj bende  Jul 12, 2012 2:29:28 PM IST |  Reply 

i wnt to open an account for trading,whre should i go for there any which will help me without charges with protection

150. Sandeep  May 22, 2012 8:28:12 AM IST |  Reply 

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.


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.

147. Sanjib  Nov 27, 2011 8:23:20 AM IST |  Reply 

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.


Brokerage - Above Average
Account Maintenance Fees - Average
Website Usability - Below Average
Customer Service - Very Poor
Overall Experience - Very Poor

146. Kirtan  Nov 10, 2011 8:33:09 AM IST |  Reply 

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.


Brokerage - Average
Account Maintenance Fees - Excellent
Website Usability - Above Average
Customer Service - Above Average
Overall Experience - Above Average

145. Sanjib Kumar Ghosh  Sep 20, 2011 5:12:19 PM IST |  Reply 

The overall services are very excellent.
I am very happy with Indiabulls.


Overall Rating - Excellent
Fees - Excellent
Brokerage - Above Average
Website usability - Excellent
Customer Service - Excellent

144. venkat  Sep 20, 2011 11:24:59 AM IST |  Reply 

i am venkat.i have been trading in indiabulls for last four is FAST accessing 'POWERBULL SOFTWEAR'and less brokerage charges than other well known brokerages


Overall Rating - Above Average
Fees - Above Average
Brokerage - Above Average
Website usability - Above Average
Customer Service - Above Average

143. Bhawataran Dey  Jul 25, 2011 10:33:21 PM IST |  Reply 

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.

CA.Amit Mundra

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