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, leverage, margin, demat account and intraday trading. Find which is best Nirmal Bang vs iTradeOnline?


Nirmal Bang
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 Kishore Bang. Nirmal Bang offers trading services in equities, derivatives, commodities and currency. Stock trading is offered to retail clients through multiple channels including online trading in the BSE and the NSE. In addition to those services, the... Know more about Nirmal Bang Securities Pvt Ltd


iTradeOnline
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 low price is available across segments at BSE, NSE, and MCX. Unlike most discount brokers, iTradeOnline offers intraday leverage of up to 20x in equity, 2x in NSE F&O, 2x in NSE Currency and 8x in MCX futures. The cover orders (CO) are available f... Know more about iTradeOnline by Trustline

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Nirmal Bang Vs iTradeOnline

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. Incorporated in , iTradeOnline is a Discount Broker. It offers trading at BSE, NSE, MCX. It has branches across India.

  Nirmal Bang iTradeOnline
Type of Broker Full Service Broker Discount Broker
Supported Exchnages BSE, NSE, MCX, NCDEX, NMCE BSE, NSE, MCX
Account Type Basic Plan Pay Per Trade
Year of Incorporation 1986
Number of Branches 2000
Broker Enquiry Open an Online Trading Account with Nirmal Bang. Leave your contact info and we will get in touch with you. Open an Online Trading Account with iTradeOnline. Leave your contact info and we will get in touch with you.
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Nirmal Bang Vs iTradeOnline Charges & AMC

Nirmal Bang trading account opening charges is ₹0 while iTradeOnline account opening changes is ₹0 (Free). Nirmal Bang Demat Account AMC Charges is ₹200 and iTradeOnline Demat Account AMC Charges is Regular Demat: ₹300, Lifetime free AMC Demat: ₹0.

  Nirmal Bang iTradeOnline
Trading Account Opening Charges ₹0 ₹0 (Free)
Trading Account AMC Charges ₹0 ₹0 (Free)
Demat Account Opening Charges ₹0 Regular: ₹0, Lifetime Free AMC: ₹1000
Demat Account AMC Charges ₹200 Regular Demat: ₹300, Lifetime free AMC Demat: ₹0
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Nirmal Bang Vs iTradeOnline Brokerage Charges & Plans

Nirmal Bang Vs iTradeOnline Brokerage

Nirmal Bang brokerage charges for equity is 0.2% and intraday is 0.02% whereas iTradeOnline brokerage charges for equity is ₹20 per executed order or .01% whichever is lower and intraday is ₹20 per executed order or .01% whichever is lower.

  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 ₹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 ₹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
Special Offer
Special Offer: Get 50% discount (₹500 Off) on Lifetime FREE AMC Demat Account fee. Request a Callback

Nirmal Bang Charges Vs iTradeOnline

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 Transaction Charges

Nirmal Bang transaction charges for options is ₹5700 while iTradeOnline exchange transaction charges for options is NSE ₹5000 per crore (0.05%).

  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 Leverage (Margin)

Nirmal Bang provides the margin of Upto 4x for intraday trades whereas the iTradeOnline margin for intraday cash is Upto 20x (based on the stock).

  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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Compare Nirmal Bang and iTradeOnline Features

The trading platforms offered Nirmal Bang include Odin Diet, NB Trade, Beyond Mobile App, NB Back Office Mobile App. iTradeOnline offers Omnesys NEST is used as back-end. Front-end is built in-house by Trustline. trading software.

  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 is rated 2.5 of 5 based on 16 customer reviews whereas iTradeOnline is rated 4.0 of 5 based on 7 customer reviews.

  Nirmal Bang iTradeOnline
  16 Customer Reviews    Rate Nirmal Bang 7 Customer Reviews    Rate iTradeOnline
Fees 3.8 3.9
Trading Brokerage 3.4 4.1
Trading Platform Usability 2.6 3.9
Customer Service 2.3 3.7
Research Capabilities 2.5 1.0
Overall Ratings Rated 2.5 stars Rated 4.0 stars
Broker Rating Nirmal Bang is rated 2.5 of 5 based on 16 customer reviews iTradeOnline is rated 4.0 of 5 based on 7 customer reviews
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Contact Broker / Request A Call Back

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Get 50% discount (₹500 Off) on Lifetime FREE AMC Demat Account fee. Request a Callback

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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 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 - Pros and Cons

  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
  • 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.
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.
  • 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.
Reviews
Promo / Offers

Lifetime FREE AMC Demat Account - 50% Off

Get 50% off onetime fee of Lifetime Zero AMC Demat Account. Save ₹500 on account opening.

This is a limited time offer. Simply leave your contact information with us and iTradeOnline representatives will contact you.

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