Indira Securities - Safe, Reliable & Trustworthy Broker

26.18% 8,554 Clients

Indira Securities is a safe and reliable full-service stock broker in India. The company has been in business since 1987 (33+ years). The company provided personalized services through its trusted relationship manager and a team of researchers and advisors. They use the ODIN trading platform which has a strong risk management system.

Indira Securities is a SEBI registered broker and depository participant. It is a member of BSE, NSE, MCX, and NCDEX. It is a depository participant (DP) with CDSL. As a member of stock exchanges, the transactions of the company are regularly monitored. There is no major compliance violation reported for the company.

Indira Securities offers trading services across equity, commodity, currency, derivatives, IPOs and mutual funds. The company offers its services offline through branch/franchise offices as well as online. 

About Indira Securities

The following are key facts you should know about Indira Securities. The data is as of May 25, 2020:

  • Full-service broker offering both traditional and flat-fee brokerage plans
  • Pan India presence through regional offices, branches and partners
  • Offers good online trading software
  • Offers Algo Trading
  • Dedicated research services
  • Advanced mutual fund investment platform
  • Add-on services like PMS
  • Runs 'Inspire Education', an online investor education platform

Why is Indira Securities safer than other brokers?

  1. Vision Of The Management

    The arrival of discount stock brokers like Zerodha, Indira Securities and Prostocks etc., led to a brokerage war in the stock broking industry. The new brokers started getting the attention of traders due to their attractive brokerage plans and technology-driven services. Many traditional brokers lost customers to discount brokers and are struggling for survival. The management of Indira Securities has responded well to the situation by adopting a Hybrid Brokerage model wherein it offers both traditional and discount brokerage plans. The company has also invested in technology to give its customers access to good trading software and algo trading facility. In addition to that, it has continued its traditional broking services like research, Relationship Managers and branch offices etc., to make itself an attractive service provider to a wide section of traders.

  2. Investments in New Technology

    The company has made good investments in new technology. The company has partnered with Financial Technologies to offer the 'ODIN Diet' trading platform to its customers. ODIN Diet is considered one of the best trading platforms in India. Its mobile app 'TradeInsta' has been awarded the Best Mobile Trading App of India by CEO Magazine. Indira Securities also offers algo trading services that help the company attract experienced, high-volume traders. It offers online account opening, an important requirement to acquire new customers.

  3. No client securities in the pooled account

    Indira Securities doesn't keep customer securities in its own pooled account. Opening the demat account is mandatory with the company and securities are instantly credited in the demat account on settlement.

  4. Simple Pricing Model

    Indira Securities offers a discount brokerage plan wherein it charges a flat Rs 20 per trade across all the segments and exchanges. This plan is very easy to understand with no scope of surprises in the trading cost.

  5. Lower Complaints to Active Clients Ratio

    Indira Securities' ratio of complaints to active clients is lower in comparison to other stock brokers.

Indira Securities Risks

While Indira Securities is a safe broker serving customer since 1987, there are few areas of concern you should aware of:

  1. Margin Funding

    Indira Securities offers margin funding to its customers. Margin funding is considered risky business for stockbrokers as in a prolonged bearish market, customers may default on the borrowings. Discount brokers like Zerodha and Upstox do not offer margin funding.

  2. Not Much Information Available In Public Domain

    Indira Securities is a private limited company. There's not much financial and other information available about the company.

Indira Securities Memberships

Indira Securities is registered with SEBI and is a member of leading stock exchanges like NSE, BSE, MCX, NCDEX, and ICEX. Indira Securities is also a DP (Depository Participant) with CDSL.

Indira Securities's various membership details are as follows:

  • Indira Securities Broking Ltd: SEBI Registration no: INB231286635
  • CDSL: IN-DP-CDSL-75 2000
  • NSE Member Id: 12866
  • BSE Member Id: 663
  • MCX Member Id: 13600
  • NCDEX Member Id:00078
  • ICEX Member Id: 1074


Indira Securities is a safe and reliable full-service stock broker in India. The company has good management with vision, has upped its technology stack. It has also introduced new brokerage plans attractive in line with the changing times and has been adhering to regulatory guidelines since 1987.

Must Read:

Indira Securities Special Offer

Free Equity Delivery Trading

Get FREE equity delivery trading and pay flat Rs 20 brokerage for Intraday and F&O trades. Also get FREE online account opening, research and personalised services through dedicated RM.

Frequently Asked Questions

  1. 1. Is Indira Securities a genuine stock broker?

    Yes, Indira Securities is a genuine stock broker. It is in the brokerage business for over 30 years. The company is a BSE member since 1987, NSE member since 1995, CDSL member since 2002 and MCX member since 2004.

    Indira Securities is a SEBI registered broker. Indira Securities is regularly audited by stock exchanges like BSE, NSE, and MCX. There are no major violations done by the company so far.

    Indira Securities Membership Details

    • SEBI Registration Number: INZ000188930
    • CDSL Member ID: IN-DP-CDSL-17000
    • NSE Member ID: 12866
    • BSE Member ID: 663
    • MCX Member ID: 56470


Contact Indira Securities / Request Call Back

FREE Account Opening (Rs 650 waived) + Brokerage free equity delivery trading (no commission) + Flat Rs 20 Intra-day and F&O trades.

Information on this page was last updated on Wednesday, June 17, 2020


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