Anand Rathi Vs Nirmal Bang (Compare Anand Rathi and Nirmal Bang)

Anand Rathi Vs Nirmal Bang

Incorporated in 1994, Anand Rathi is a Full Service Broker. It offers trading at NSE, BSE, MCX, & NCDEX. It has 1200 branches across India. Incorporated in 1986, Nirmal Bang is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX, NMCE. It has 2000 branches across India.

	Anand Rathi	Nirmal Bang
Type of Broker	Full Service Broker	Full Service Broker
Exchnage Membership	NSE, BSE, MCX, & NCDEX	BSE, NSE, MCX, NCDEX, NMCE
Year of Incorporation	1994	1986
Number of Branches	1200	2000
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Anand Rathi Vs Nirmal Bang Charges & AMC

Anand Rathi trading account opening charges is Rs 552 (including GST) while Nirmal Bang account opening changes is Rs 0. Anand Rathi Demat Account AMC Charges is Rs 450 from second year onward and Nirmal Bang Demat Account AMC Charges is Rs 200.

	Anand Rathi	Nirmal Bang
Trading Account Opening Charges	Rs 552 (including GST)	Rs 0
Trading Account AMC Charges	Rs 0	Rs 0
Demat Account Opening Charges	Rs 0	Rs 0
Demat Account AMC Charges	Rs 450 from second year onward	Rs 200

Anand Rathi Vs Nirmal Bang Brokerage

Anand Rathi brokerage charges for equity is 0.5% - 0.15% and intraday is 0.05% -0.015% whereas Nirmal Bang brokerage charges for equity is 0.2% and intraday is 0.02%.

	Anand Rathi	Nirmal Bang
Account Type	Standard Plan	Basic Plan
Fixed Charges	NA	NA
Equity Delivery	0.5% - 0.15%	0.2%
Equity Intraday	0.05% -0.015%	0.02%
Equity Futures	0.05% - 0.015%	0.02%
Equity Options	Rs 75 to Rs 20	Rs 35
Currency Futures	0.05% - 0.015%	0.02%
Currency Options	Rs 75 to Rs 20	Rs 20
Commodity Futures	0.008% - 0.05%	0.01%
Commodity Options
Special Offer

Anand Rathi Charges Vs Nirmal Bang

Minimum Brokerage
Other Charges
Call & Trade Charges

Anand Rathi Vs Nirmal Bang Transaction Charges

Anand Rathi transaction charges for options is Rs 7000 per Cr (0.07%) while Nirmal Bang exchange transaction charges for options is Rs 5700.

	Anand Rathi	Nirmal Bang
Equity Delivery	NSE Rs 350 per Cr (0.0035%) | BSE Rs 350 per Cr (0.0035%) (each side)	Rs 390
Equity Intraday	NSE Rs 350 per Cr (0.0035%) | BSE Rs 350 per Cr (0.0035%) (each side)	Rs 390
Equity Futures	NSE Rs 410 per Cr (0.0041%) | BSE Rs 210 per Cr (0.0021%) (each side)	Rs 240
Equity Options	Rs 7000 per Cr (0.07%)	Rs 5700
Currency Futures	Rs 350 per Cr (0.0035%)	Rs 240
Currency Options	Rs 7000 per Cr (0.07%)	Rs 5700
Commodity	Rs 350 per Cr (0.0035%)	Rs 250
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Anand Rathi Vs Nirmal Bang Leverage (Margin)

Anand Rathi margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the Nirmal Bang margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

	Anand Rathi	Nirmal Bang
Equity Delivery	1x (no margin)	1x (no margin)
Equity Intraday	Up to 6x (based on the stock)	Up to 6x (based on the stock)
Equity F&O	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
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Compare Anand Rathi and Nirmal Bang Features

The trading platforms offered Anand Rathi include Trade X. Nirmal Bang offers Odin Diet, NB Trade, Beyond Mobile App, NB Back Office Mobile App trading software.

	Anand Rathi	Nirmal Bang
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform	Trade X	Odin Diet, NB Trade, Beyond Mobile App, NB Back Office Mobile App
Intraday Square-off Time	3:15 PM	3:15
Other Features
Referral Program
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Anand Rathi Vs Nirmal Bang Review

Anand Rathi is rated 3.1 of 5 based on 14 customer reviews whereas Nirmal Bang is rated 2.6 of 5 based on 19 customer reviews.

	Anand Rathi	Nirmal Bang
	14 Customer Reviews	19 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	Anand Rathi is rated 3.1 of 5 based on 14 customer reviews	Nirmal Bang is rated 2.6 of 5 based on 19 customer reviews

Anand Rathi Vs Nirmal Bang Investment Options

	Anand Rathi	Nirmal Bang
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options

Anand Rathi Vs Nirmal Bang Order Type Offered

	Anand Rathi	Nirmal Bang
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
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Anand Rathi Vs Nirmal Bang Research Report

	Anand Rathi	Nirmal Bang
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Anand Rathi Vs Nirmal Bang Suitable For Investor Type

	Anand Rathi	Nirmal Bang
Casual Investor
Active Investor
Trader

Anand Rathi Vs Nirmal Bang - Pros and Cons

	Anand Rathi	Nirmal Bang
Pros	Pan India presence. Option to trade online through web based and mobile trading platforms. Various financial products under one umbrella viz. Broking products, insurance, portfolio management services, corporate fixed deposits, structured products. Online IPO applicatioan. Loan against Shares and Margin Trading Facility available. Quick and Easy account opening. Research and advisory services.	Low bandwidth option for anywhere access Free research report subscription 24X7 access to back-office Instant Fund transfer Multiple market watch facility with streaming quotes (Live Market Rates*) Trader can review their Margin Status, Holding Report, Order and Trade Book on a real time basis
Cons	High and non-negotiable brokerage charges. Do not offer 3 in 1 account. Extra charges for featured products.	Nirmal Bang doesn't offer 3 in 1 account. Brokerage rates are negotiable. Nirmal Bang doesn't have Brokerage calculator and Margin Calculator. Instant Fund withdrawal is not available Nirmal Bang is a full services broker so the brokerage charged by them is higher than the discount brokers.
Reviews
Promo / Offers
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