Nirmal Bang Vs Trustline (Compare Nirmal Bang and Trustline)

Nirmal Bang Vs Trustline

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 , Trustline is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has branches across India.

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

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

	Nirmal Bang	Trustline
Trading Account Opening Charges	Rs 0	Rs 0 (Free)
Trading Account AMC Charges	Rs 0	Rs 0 (Free)
Demat Account Opening Charges	Rs 0	Regular: Rs 0, Lifetime Free AMC: Rs 1000
Demat Account AMC Charges	Rs 200	Regular Demat: Rs 300, Lifetime free AMC Demat: Rs 0

Nirmal Bang Vs Trustline Brokerage

Nirmal Bang brokerage charges for equity is 0.2% and intraday is 0.02% whereas Trustline brokerage charges for equity is 0.20% (20 paisa) and intraday is 0.02% (2 paisa).

	Nirmal Bang	Trustline
Account Type	Basic Plan	Full-service Brokerage Plan
Fixed Charges	NA
Equity Delivery	0.2%	0.20% (20 paisa)
Equity Intraday	0.02%	0.02% (2 paisa)
Equity Futures	0.02%	0.02% (2 paisa)
Equity Options	Rs 35	Rs 75 per lot
Currency Futures	0.02%	0.02% (2 paisa)
Currency Options	Rs 20	Rs 7.5 per lot
Commodity Futures	0.01%	Future: 0.02% (2 paisa) | Options: Rs 50 per lot
Commodity Options
Special Offer		Special Offer: Get 50% discount (Rs 500 Off) on Lifetime FREE AMC Demat Account fee. Request a Callback

Nirmal Bang Charges Vs Trustline

Minimum Brokerage		Rs 0 (No Minimum Brokerage)
Other Charges		Physical contact notes: Rs 20
Call & Trade Charges		Rs 0 (Free)

Nirmal Bang Vs Trustline Transaction Charges

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

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

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

	Nirmal Bang	Trustline
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 Nirmal Bang and Trustline Features

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

	Nirmal Bang	Trustline
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	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 Trustline Review

Nirmal Bang is rated 2.6 of 5 based on 19 customer reviews whereas Trustline is rated 4.0 of 5 based on 1 customer reviews.

	Nirmal Bang	Trustline
	19 Customer Reviews	1 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	Nirmal Bang is rated 2.6 of 5 based on 19 customer reviews	Trustline is rated 4.0 of 5 based on 1 customer reviews

Nirmal Bang Vs Trustline Investment Options

	Nirmal Bang	Trustline
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options		Insurance, Wealth Management

Nirmal Bang Vs Trustline Order Type Offered

	Nirmal Bang	Trustline
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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Nirmal Bang Vs Trustline Research Report

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

Nirmal Bang Vs Trustline Suitable For Investor Type

	Nirmal Bang	Trustline
Casual Investor
Active Investor
Trader

Nirmal Bang Vs Trustline - Pros and Cons

	Nirmal Bang	Trustline
Pros	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	Research based fundamental and technical analysis available to all the customers. 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 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	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.	Separate account needed for Mutual Funds investment. Doesn't offer bracket orders. Online IPO, NCD, Corporate Bond investment is not available. Trading API is now available. 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 Rs 500 on account opening. This is a limited time offer. Simply leave your contact information with us and Trustline representatives will contact you.
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