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Destimoney Stock Trading, Demat, Brokerage and Reviews 2021

Destimoney Securities Pvt Ltd (Destimoney Securities), a Mumbai-based broking house operates in equity cash market, equity derivatives, currency futures and debt market segments. Other services offered by the company includes demat services and

Distribution of Financial Products

like mutual funds, IPOs amongst others. Destimoney Securities has membership in equity cash and derivative segments of both NSE and BSE. It also acts as a DP with CDSL. It facilitates commodity trading through its associate entity, Destimoney Commodities Pvt Ltd. It primarily caters to retail and institutional clients.

Market Segments

Equity Cash
Equity Futures & Options
Currency Futures & Options

Products & Services

Trading in Equity Cash
Trading in Equity Derivatives
Trading in Currency Derivatives
Trading in Debt
Distribution of Financial Products
Others

SEBI Registration Number

BSE: INB011348233
NSE: INB231348237

Address

6th Floor, A Wing, Tech Web Centre, New Link Road, Oshiwara, Jogeshwari West, Mumbai – 400102, Maharashtra

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Destimoney Pros and Cons

Destimoney Margin Exposure

Destimoney margin for intraday trading is up to Up to 20% of trade value (max 5x leverage) based on the stock. Destimoney F&O intraday trading margin is 1.3x across Equity, Currency, and Commodity trading at BSE, NSE, and MCX. There is no additional margin offered for Destimoney F&O carry forward positions and equity delivery trades.

Segment	Margin	Leverage
Equity Delivery	100% of trade value	1x
Equity Intraday	Up to 20% of trade value	5x
F&O (Equity, Currency and Commodities)	100% of NRML margin (Span + Exposure)	1x

Destimoney Ratings

Overall Rating	2.7/5
Fees	3.0/5
Brokerage	3.3/5
Usability	3.0/5
Customer Service	2.7/5
Research Capabilities

Based on 3 Votes by Destimoney Customers

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Destimoney Complaint

The number of Destimoney customer complaint received by the exchanges. The Destimoney consumer complaint report helps understanding the Destimoney Securities Private Limited quality and relibility of service.

Exchange	Financial Year	Number of Clients*	Complaints**	%
NSE	2016-17	6,805	16	0.24%
NSE	2015-16	6,519	13	0.2%
BSE	2015-16	4,362	5	0.11%
NSE	2014-15	10,000	42	0.42%
BSE	2014-15	1,295	3	0.23%
NSE	2013-14	7,601	33	0.43%
BSE	2013-14	43,347	8	0.02%
NSE	2012-13	38,364	27	0.07%
BSE	2012-13	38,269	9	0.02%
NSE	2011-12	29,809	36	0.12%

* The number of active customers reported by the broker.

** The total number of complaints received against the broker at the given exchange.

Visit Destimoney Complaints at BSE, NSE and MCX for detail report.

Destimoney Reviews

6 Comments

6. Ajay Kedar Apr 8, 2019 09:02

This is totally fraud company. You invest to die your money.

Ratings:

Brokerage - Average
Account Maintenance Fees - Very Poor
Website Usability - Below Average
Customer Service - Very Poor
Overall Experience - Very Poor

5. Sudhakar p Jun 19, 2018 18:18

They started charging me for non operative account after 2 years

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor

4. Ramesh chandra sharma Sep 16, 2017 13:44

Destimoney Securities Private Limited like

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent

3. Rohan Biradar Sep 13, 2017 20:28

This is in regards with brokerage charged on penny stocks ita very much more then u can i earn more then 6k and the brokerage charhed for 12k for penny stock . And the main thing i was not told that penny stock are charged on different brokerage .. i was only told dats its 3 paise and 30 paise. For equity trading

2. DRIQBAL Jul 6, 2017 01:50

MY ID IJ002 ,,, DESTMONEY EXECUTIVE @ BANGALORE IS HAVING ONE MR SHABIR ALLUM WHO WILL POSE AS MANGER AND RM TO YOU AND TAKE HEFTY MONEY AS PREPAID BROKERAGE AND DISAPPEAR AND WHEN ,,, BY THE TIME YOU SEE YOUR PORT FOLIO FOR TRADE HE WOULD TRADE ALL YOUR MONEY IN LOSS AND DIS APPEAR ONCE FOR ALL DESTIMONY CUSTOMER CARE AND HIS MANAGERS MR PRASAD AND MRS. LAXMI GOUDA,, WILL NOT ANSWER ANYTHING

1. Mangesh May 20, 2017 19:32

Good service

Ratings:

Brokerage - Average
Account Maintenance Fees - Average
Website Usability - Average
Customer Service - Average
Overall Experience - Average

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