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Nirmal Bang Vs iTradeOnline (Compare Nirmal Bang and iTradeOnline)

The side-by-side comparison of Nirmal Bang and iTradeOnline. Compare Nirmal Bang Vs iTradeOnline brokerage, charges, exposure margin, demat account. Read iTradeOnline and Nirmal Bang review.

Find out Nirmal Bang Vs iTradeOnline which is better and Nirmal Bang Vs iTradeOnline which is best.

Our Nirmal Bang Securities Pvt Ltd comparison with iTradeOnline by Trustline highlights the major differences between two brokers. Find the best between Nirmal Bang and iTradeOnline.

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Nirmal Bang Vs iTradeOnline

  Nirmal Bang iTradeOnline
Find more info about broker
Nirmal Bang Securities Pvt Ltd Logo iTradeOnline by Trustline Logo
About the Broker Incorporated in 1986, Nirmal Bang Securities Pvt Ltd., (Nirmal Bang) is amongst the top full-service broking houses, offering various financial products and services. The Nirmal Bang group of companies was founded by Nirmal Bang, Dilip Bang and Kisho... Know more about Nirmal Bang Securities Pvt Ltd iTradeOnline is an online trading platform of Trustline Securities, a popular full-service broker. iTradeOnline offers online discount brokerage services at an ultra-low brokerage fee of ₹20 per executed order or 0.01% whichever is lower. The same lo... Know more about iTradeOnline by Trustline
Type of Broker Full Service Broker Discount Broker
Supported Exchnage BSE, NSE, MCX, NCDEX, NMCE BSE, NSE, MCX
Account Type Basic Plan Pay Per Trade
Broker Enquiry Open an Online Trading Account with Nirmal Bang. Leave your contact info and we will get in touch with you.
Year of Incorporation 1986
Number of Branches 2000
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Nirmal Bang Vs iTradeOnline Charges

  Nirmal Bang iTradeOnline
Trading Account Opening Fees Rs 0 ₹0 (Free)
Trading Account AMC Rs 0 ₹0 (Free)
Demat Account Opening Fees Rs 0 Regular: ₹0, Lifetime Free AMC: ₹1000
Demat Account AMC Rs 200 Regular Demat: ₹300, Lifetime free AMC Demat: ₹0
Demat Account is Mandatory? No No
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Nirmal Bang Vs iTradeOnline Brokerage

Brokerage Plan 1

  Nirmal Bang iTradeOnline
Account Type Basic Plan Pay Per Trade
Fixed Charges NA
Equity Delivery Brokerage 0.2% ₹20 per executed order or .01% whichever is lower
Equity Intraday Brokerage 0.02% ₹20 per executed order or .01% whichever is lower
Equity Futures Brokerage 0.02% ₹20 per executed order or .01% whichever is lower
Equity Options Brokerage Rs 35 ₹20 per executed order or .01% whichever is lower
Currency Futures Trading Brokerage 0.02% ₹20 per executed order or .01% whichever is lower
Currency Options Trading Brokerage Rs 20 ₹20 per executed order or .01% whichever is lower
Commodity Futures Trading Brokerage 0.01% ₹20 per executed order or .01% whichever is lower
Commodity Options Trading Brokerage

Other Charges

Minimum Brokerage Charges ₹0 (No Minimum Brokerage)
Other Brokerage Charges Physical contact notes: ₹20
Call & Trade Charges ₹0 (Free)
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Nirmal Bang Vs iTradeOnline Taxes

  Nirmal Bang iTradeOnline
Securities Transaction Tax (STT)
Equity Intraday0.025% (on Sell trade)
Equity Delivery0.1% (on Buy and Sell)
Equity Futures0.01% (on Sell trade)
Equity Options0.05% (on Sell trade premium) or 0.125% (on excersied options)
Currency FuturesNil
Currency OptionsNil
Commodities0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below
SEBI Charges Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address.
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Nirmal Bang Vs iTradeOnline Transaction Charges

  Nirmal Bang iTradeOnline
Equity Delivery ₹390 NSE ₹325 per crore | BSE ₹1.5/trade (each side)
Equity Intraday ₹390 NSE ₹325 per crore | BSE ₹1.5/trade (each side)
Equity Futures ₹240 NSE ₹190 per crore (0.0019%)
Equity Options ₹5700 NSE ₹5000 per crore (0.05%)
Currency Futures ₹240 NSE ₹90/cr (0.0009%) | BSE ₹18/cr (0.00018%)
Currency Options ₹5700 NSE ₹4000 (on premium) per cr (0.04%) | BSE ₹1500
Commodity ₹250 MCX ₹260/Cr (0.0026%) | NCDEX ₹600/cr (0.006%)
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Nirmal Bang Vs iTradeOnline Exposure Margin

  Nirmal Bang iTradeOnline
Equity Delivery upto 10x Upto 5x (based on the stock)
Equity Intraday Upto 4x Upto 20x (based on the stock)
Equity Futures Upto 4x Intraday - 25%(4x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Equity Options Upto 2x for shorting Intraday - 100%(1x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Futures Upto 2x for shorting Intraday - 25%(4x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Options Upto 3x Intraday - 100%(1x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Commodity Futures Upto 3x Future Intraday - 12.5%(8x), Carry forward - 100%(1x) of Span
Commodity Options Intraday - 100%(1x), Carry forward - 100%(1x) of Span
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Nirmal Bang and iTradeOnline Feature Comparison

  Nirmal Bang iTradeOnline
3 in 1 Account No No
Charting Yes Yes
Automated Trading No No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes Yes
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform Odin Diet, NB Trade, Beyond Mobile App, NB Back Office Mobile App Omnesys NEST is used as back-end. Front-end is built in-house by Trustline.
Intraday Square-off Time 3:15 Equity: 3:15 PM, Commodity: 11:15 PM
Other Features
Referral Program
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Nirmal Bang Vs iTradeOnline Review

  Nirmal Bang iTradeOnline
  14 Customer Reviews    Rate Nirmal Bang 6 Customer Reviews    Rate iTradeOnline
Fees Ratings 3.7 4.2
Trading Brokerage Rating 3.5 4.7
Trading Platform Usability 2.7 4.0
Customer Service Ratings 2.5 4.2
Overall Ratings Rated 2.6 stars Rated 4.3 stars
Broker Rating Nirmal Bang is Rated 2.6 / 5 based on 14 customer reviews iTradeOnline is Rated 4.3 / 5 based on 6 customer reviews
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Contact Broker / Request A Call Back

  Nirmal Bang Enquire iTradeOnline Enquire
Contact Broker
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Nirmal Bang Vs iTradeOnline Investment Options

  Nirmal Bang iTradeOnline
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes No
Mutual Funds Yes No
Bond / NCD Yes No
Debt Yes Yes
Other Investment Options Insurance, Wealth Management
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Nirmal Bang Vs iTradeOnline Customer Service

  Nirmal Bang iTradeOnline
24/7 Customer Service No No
Onine Live Chat Yes No
Through Branches Yes Yes
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Nirmal Bang Vs iTradeOnline Order Type Offered

  Nirmal Bang iTradeOnline
Bracket Order No
Cover Order No
Buy Today Sell Tomorrow (BTST) No
Sell Today Buy Tomorrow (STBT) No
After Market Order(AMO) Yes
Good Till Cancelled (GTC) Yes
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Nirmal Bang Vs iTradeOnline Research Report

  Nirmal Bang iTradeOnline
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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Nirmal Bang Vs iTradeOnline Suitable For Investor Type

  Nirmal Bang iTradeOnline
Casual Investor Yes
Active Investor Yes
Trader Yes
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Nirmal Bang Vs iTradeOnline - Advantages and Disadvantages

  Nirmal Bang iTradeOnline
Pros
  1. Low bandwidth option for anywhere access
  2. Free research report subscription
  3. 24X7 access to back-office
  4. Instant Fund transfer
  5. Multiple market watch facility with streaming quotes (Live Market Rates*)
  6. Trader can review their Margin Status, Holding Report, Order and Trade Book on a real time basis

More Advantages...

  • Paperless account opening is available with eKYC and Aadhar integration
  • All trading softwares including trading terminal are available for free.
  • Uses trading platform of Omnesys which is industry leading trading software provider.
  • Margin Against Share is available
  • Research based fundamental and technical analysis available to all the customers.
  • Short selling is available in NSE Cash segment only.
  • After Hours Orders and Good Till Cancelled (GTC) orders are available.
  • SMS Trade Alerts are available for free to all customers.
  • Call & Trade is free for all customers.

More Advantages...

Cons
  1. Nirmal Bang doesn't offer 3 in 1 account.
  2. Brokerage rates are negotiable.
  3. Nirmal Bang doesn't have Brokerage calculator and Margin Calculator.
  4. Instant Fund withdrawal is not available
  5. Nirmal Bang is a full services broker so the brokerage charged by them is higher than the discount brokers.

More Disadvantages...

  • Separate account needed for Mutual Funds investment.
  • For iTradeOnline customers, the customer service is not available through 400+ Trustline branches.
  • Doesn't offer bracket orders.
  • Online IPO, NCD, Corporate Bond investment is not available.
  • Trading API's are now available.
  • Opening demat account along with the trading account is mandatory.
  • No extra charge for intraday or expiry positions closed by the broker.

More Disadvantages...

Reviews
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