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Nirmal Bang Vs Trustline (Compare Nirmal Bang and Trustline)

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

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

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

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Nirmal Bang Vs Trustline

  Nirmal Bang Securities Pvt Ltd Trustline Securities Ltd
 
Nirmal Bang Securities Pvt Ltd Logo Trustline Securities Ltd 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 Incorporated in 1989, Trustline Securities is a Noida based financial service provider. Trustline is a full-service broker for over 25 years. Trustline offers customised investment solutions to corporate, institutions and retail investors, through a ... Know more about Trustline Securities Ltd
Type of Broker Full Service Broker Full Service Broker
Supported Exchnage BSE, NSE, MCX, NCDEX, NMCE BSE, NSE, MCX
Account Type Basic Plan Full-service Brokerage Plan
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 Trustline Charges

  Nirmal Bang Securities Pvt Ltd Trustline Securities Ltd
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 Trustline Brokerage

Brokerage Plan 1

  Nirmal Bang Securities Pvt Ltd Trustline Securities Ltd
Account Type Basic Plan Full-service Brokerage Plan
Fixed Charges NA
Equity Delivery Brokerage 0.2% 0.20% (20 paisa)
Equity Intraday Brokerage 0.02% 0.02% (2 paisa)
Equity Futures Brokerage 0.02% 0.02% (2 paisa)
Equity Options Brokerage Rs 35 ₹75 per lot
Currency Futures Trading Brokerage 0.02% 0.02% (2 paisa)
Currency Options Trading Brokerage Rs 20 ₹7.5 per lot
Commodity Futures Trading Brokerage 0.01% Future: 0.02% (2 paisa) | Options: ₹50 per lot
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 Trustline Taxes

  Nirmal Bang Securities Pvt Ltd Trustline Securities Ltd
Securities Transaction Tax (STT)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below Check table below
SEBI Charges Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address. Charged as per the state of the client's correspondence address.
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Nirmal Bang Vs Trustline Transaction Charges

  Nirmal Bang Securities Pvt Ltd Trustline Securities Ltd
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 Trustline Exposure Margin

  Nirmal Bang Securities Pvt Ltd Trustline Securities Ltd
Equity Delivery upto 10x 1x (100% Margin Required)
Equity Intraday Upto 4x Up to 20x
Equity Futures Upto 4x NSE: 2x
Equity Options Upto 2x for shorting NSE: 2x
Currency Futures Upto 2x for shorting NSE: 2x
Currency Options Upto 3x NSE: 2x
Commodity Futures Upto 3x MCX Futures: 8x
Commodity Options
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Nirmal Bang and Trustline Feature Comparison

  Nirmal Bang Securities Pvt Ltd Trustline Securities Ltd
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 Trustline Review

  Nirmal Bang Securities Pvt Ltd Trustline Securities Ltd
  14 Customer Reviews    Rate Nirmal Bang 1 Customer Reviews    Rate Trustline
Fees Ratings 3.7 4.0
Trading Brokerage Rating 3.5 3.0
Trading Platform Usability 2.7 4.0
Customer Service Ratings 2.5 4.0
Overall Ratings Rated 2.6 stars Rated 4.0 stars
Broker Rating Nirmal Bang is Rated 2.6 / 5 based on 14 customer reviews Trustline is Rated 4.0 / 5 based on 1 customer reviews
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Contact Broker / Request A Call Back

  Nirmal Bang Securities Pvt Ltd Trustline Securities Ltd
Contact / Request Call Back
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Nirmal Bang Vs Trustline Investment Options

  Nirmal Bang Securities Pvt Ltd Trustline Securities Ltd
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 Trustline Customer Service

  Nirmal Bang Securities Pvt Ltd Trustline Securities Ltd
24/7 Customer Service No No
Onine Live Chat Yes No
Through Branches Yes Yes
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Nirmal Bang Vs Trustline Order Type Offered

  Nirmal Bang Securities Pvt Ltd Trustline Securities Ltd
Bracket Order No
Cover Order No Yes
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 Trustline Research Report

  Nirmal Bang Securities Pvt Ltd Trustline Securities Ltd
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 Trustline Suitable For Investor Type

  Nirmal Bang Securities Pvt Ltd Trustline Securities Ltd
Casual Investor Yes
Active Investor Yes
Trader Yes
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Nirmal Bang Vs Trustline - Advantages and Disadvantages

  Nirmal Bang Securities Pvt Ltd Trustline Securities Ltd
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...

  • 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.

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.
  • 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.

More Disadvantages...

Reviews
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