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.
Indiabulls Securities Rated 3.77 / 5 based on 26 customer reviews
Overall Rating
Fees
Brokerage
Usability
Customer Service
Indiabulls Securities's Trading Platforms
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.
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.
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.
158.1. Amar May 09, 2013 8:25:33 PM IST |
I too have the similar experience but luckily i lose only 60K. I learned their dirty trick little early
154. Kishan G K Jan 18, 2013 4:47:15 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.
150. Puthuppali Thakadial Joseph Feb 18, 2012 1:15:10 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
149. JAI PRAKASH SHARMA Feb 04, 2012 7:33:51 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?
143. Amit Mundra Nov 09, 2010 11:11:13 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.
Hi. I want a demat account with the brokerage charges of .3 and .03 %. Can any one give me the contact number of the person who can help me with the demat account opening. INDIAN BULLS preferred
brokerage charges are flexible. You can bargain for it (by giving initial cheque of good amount). It may range between 10 paise to 50 paise for delivery and 1 paise to 5 paise for intra-day.
Sharekhan
