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Karvy Stock Broking Review- Options Trading, Brokerage and Platform

Published on Monday, October 15, 2018 by Chittorgarh.com Team | Modified on Saturday, June 6, 2020

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Karvy Stock Broking Review- Options Trading, Brokerage and Platform

Karvy Stock Broking Review-Pros & Cons

ProsCons

Part of Karvy Group, a reputed name in financial services

Doesn't offer 3-in-1 services

Single platform to trade across multiple instruments and exchanges

Brokerage rates are higher in comparison to discount brokers

Good charting features for technical analysis.

Negotiable brokerage rates that favor volume traders

Knowledge center with articles and videos for new traders

Pan India presence with 260+ branches

Karvy Stock Broking Review 2018- About the company

Karvy Stock Broking Limited was incorporated in 1990. It is the broking arm of Karvy Group, a diversified conglomerate in financial services. Karvy offers broking and investment services in Equities, Derivatives, Currency, IPOs, Mutual funds, and NCDs. Being a full-time broker, it also offers other value-added services like research advisory and portfolio management to its customers.

Karvy has won many awards and recognition. Some of the major awards include-

  • Derivative House of the Year by ASSOCHAM in 2017
  • NSDL Star Performer Award in 2014, 2015, 2016 and 2017.
  • Largest E-Broking House in India by Dun and Bradstreet, 2010

Karvy Stock Broking Trading Platforms

Karvy NEST Web- It is a web-based trading platform that offers many useful features to traders like live market news, intraday charts, and quotes etc. The platform can be accessed on mobile, desktop and Tablet etc.

Karvy NEST Software- It is a downloadable software for your desktop and laptops. The software offers good features for trading and analysis like advanced charts with 64 technical indicators, detailed price movements for scrip analysis, Market Watch Groups and various reports including Order report, trade report, back office, and DP report. It also allows you to set alerts and triggers to keep track of indexes and stocks.

Karvy mobile trading app- Available for Android and Apple iOS users, the mobile trading app gives anywhere, anytime access to clients across instruments and exchanges. It offers traders with good trading features like market data, scanners, research reports, portfolio view etc.

In addition to the above platforms, Karvy Stockbroking also provides expert assistance trading to help traders make informed decisions. The service is accessible via Skype, Whatsapp, Phone and Chat etc.

Karvy Stock Broking Options Brokerage Charges

Trading Account Opening fees = Nil

Trading Account maintenance charges = Nil

Demat Account opening fees = Nil

Demat account maintenance charges = Rs 500 (Nil for 1st year).

Karvy Stock Broking Brokerage For Options

Options TypeResidentNon-Resident

Equity Options

Rs 50/lot

Rs 50/lot

Currency Options

Rs 50/lot

Rs 50/lot

Karvy Brokerage- Other Charges

Karvy Charges Currency Options Equity Options
STT No STT 0.017% on Sell Side(on Premium)
Transaction Charges 0.00325% 0.055% on premium
Goods and Services Tax (GST) 18% on Brokerage + Transaction Charge 18% on Brokerage + Transaction Charge
SEBI Charges Rs 5/Crore Rs 5/Crore
Stamp Duty 0.0001% (Rs 10 per crore) on buy-side 0.003% (Rs 300 per crore) on buy-side
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