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Indiabulls Stock Trading, Demat, Brokerage and Reviews 2020

-3.83% 43,688 Clients

Indiabulls Shubh is a discount stock broker offering ultra-low brokerage plans. Indiabulls is among the best stock broker in India with offering including unlimited trading plans, free trading platforms, free call & trade, free research and zero interest margin funding.

Indiabulls Shubh is an offering of Indiabulls Ventures Ltd, one of the oldest stock brokers in India serving customers since the year 2000. Indiabulls Ventures serves over 7 lakh customers with a dedicated sales team of more than 900 individuals across 18+ cities. It is part of Indiabulls Group, a leading financial service provider with businesses spread across many sectors including Infrastructure, Power, Real Estate and Financial Services.

Indiabulls Ventures provides integrated capital market-related services including Stock Broking, Equity Research, Demat Account, and Margin Funding.

In 2019, Indiabulls re-launched its online trading services under Indiabulls Shubh brand. Indiabulls Shubh is designed for a growing number of tech-savvy customers who feels comfortable trading online with limited support from the broker.

Indiabulls Shubh

Indiabulls Shubh is a discount broking platform offering subscription-based plans for unlimited trading. Indiabulls customer can choose from a range of fixed monthly trading plans (Zero brokerage on the transaction) on both Intraday and Delivery. Along with zero brokerage, it also offers Zero Interest Charges on Margin Funding.

Indiabulls customer can subscribe to these unlimited trading plans at as low as Rs 1000 per month. They can trade unlimited without worrying about the brokerage on each trade.

Key Highlights of Indiabulls Shubh

Truly zero brokerage on Equity, F&O, and Currency trading at BSE and NSE. Pay only monthly fixed charges starting from ₹1000 per month.
Zero Interest in Margin Trading Facility. The interest-free margin fund amount based on the plan you choose.
Transparent Fee structures. No hidden fees.
Intraday Exposure: 2X in F&O 5X in Equity Cash Segment & up to 4X for Margin Trading
Risk free trial - Free for 1st 30 days for new accounts

Paperless Account Opening

The Shubh App & web platforms offer online paperless account opening. To open an account online, you could download the Shubh App available on Android & iOS and open the account in just a few minutes.

Note that the Shubh Unlimited Trading is available for free for 1^st month. The new customer doesn't have to pay a monthly subscription plan for 1^st month.

Indiabulls Special Offers

Limited Time Offer - FREE Unlimited Trading for 1st Month (₹1000 waived)

Open Indiabulls Online Trading Account and get Free Unlimited Trading for 1st month. Trade Unlimited at ₹1000/month or Trade at flat ₹15 per executed order.

Get this limited time offer

Indiabulls Charges 2020

Indiabulls Account Opening Fees

Transaction	Fees
Trading Account Opening Charges	₹500
Trading AMC	₹0
Demat Account Opening Charges	₹0
Demat Account AMC	₹450

1. Unlimited Trading Plans

Indiabulls Shubh offers monthly unlimited trading subscription plans in Equity, F&O, and Currency segments. Below are 2 plans available:

F&O plans
Unlimited trades in Equity and Currency derivative segment at a monthly fee of ₹1000.

Equity plans

Unlimited trades in equity delivery & intraday with 5X intraday exposure. Choose from multiple plans starting at ₹1000 per month.

Indiabulls Equity Unlimited Trading Plans

Plans	Monthly Fee	Margin Funding at Zero Interest
1	₹1,000	₹0
2	₹2,000	₹1,00,000
3	₹3,000	₹2,00,000
4	₹5,000	₹3,25,000
5	₹7,500	₹5,00,000
6	₹10,000	₹6,50,000
7	₹12,500	₹8,50,000
8	₹15,000	₹10,00,000
9	₹20,000	₹12,50,000
10	₹25,000	₹15,00,000
11	₹30,000	₹17,50,000
12	₹35,000	₹20,00,000
13	₹45,000	₹22,50,000
14	₹50,000	₹25,00,000
15	₹100,000	₹50,00,000

Note:

Customer moved to base brokerage plan (₹15 per trade) if they don't upgrade to the unlimited trading plan.
Margin against share is not available in the subscription plan.
Bracket Order and Cover Order is not available.
Customers can choose to upgrade the trading plan anytime through Shubh app. Both 'Upgrade Now' and 'Upgrade on Expiry' options are available.
In case of downgrading the plan, the plan gets downgraded once the existing plan expires.
Customer can choose 'Auto-Renewal' feature which helps you automatically renew your trading plans.

2. Base Plan (₹15 per trade)

By default, Indiabulls customers are charged ₹15 per trade across the segments. Customers, whose monthly unlimited trading plan subscription expires, moved automatically to the default plan. The default brokerage charges are:

Equity Cash (Delivery): Free (No brokerage)
Equity Intraday: ₹15 per executed order (buy and sell are considered as 2 orders)
Equity F&O: ₹15 per executed order
Currency F&O: ₹15 per executed order

Note:

Margin funding is available at an additional 12% interest.
Minimum Brokerage is charged at ₹15 in Equity Intraday, Equity F&O, and Currency F&O.
Margin against share is available.
Bracket Order and Cover Orders are available.

Indiabulls Demat Charges

Transaction	Charges (Account with POA)
Stamp Paper Charges	Nil

Annual Maintenance Charges (AMC)
1. AMC Charges for Basic Services Demat Account (BSDA)
Value of holdings up to ₹50,000	Nil
Value of holdings between ₹50,001 to ₹2,00,000	₹100

2. Normal AMC Charges (inclusive of GST)
Individual	₹450
Corporate	₹1000

Custody Charges	Nil
Transaction Charges (Buy)	Nil
Transaction Charges (Sell)	₹10 per Transaction or .02% of the transaction value (whichever is higher)
Off-Market Transactions	₹15 or .02% of the transaction value (whichever is higher)
Failed Instruction	Nil
Pledge Creation/Confirmation/Closure/Invocation	₹25 or .02% of the transaction value (whichever is higher)
DEMAT	Re. 1 per certificate (max ₹250) + ₹25 courier charges
DEMAT Rejections	₹20 per rejection + ₹25 courier
REMAT Charges	A fee of ₹15 for every 100 securities or part thereof. OR A flat fee of ₹15 per certificate, whichever is higher.
Delivery Instruction Book	Nil

Visit Indiabulls Brokerage Charges Review for more detail.

Special Offer: FREE Unlimited Trading for 1st Month (₹1000 waived) Get the offer

Indiabulls Trading Software (Indiabulls Trading Platforms)

Indiabulls customer can choose from a range of options available to trade.

Trading via Mobile & Desktop
Indiabulls customers can choose to trade through our Shubh Mobile App which is available on Andriod and IOS or trade using desktop.

Shubh Mobile

The Mobile Trading Platform of Indiabulls allows Trade in Equity, Access to Real-Time Stock Quotes and Market Research Reports, Customized Alerts and Messages, View Margin Report and Trading Account Summary, etc. It allows you to trade anytime from anywhere.

Shubh Web

Indiabulls trading website allows its customers to place orders online, track transactions, invest in IPO's and Mutual Funds, Transfer Funds, Track Portfolio, and access research reports and news. They also offer various useful features such as streaming stock quotes, online payment gateways, portfolio tracker, extensive research reports, IPO, live market news & real-time market statistics

Power Indiabulls (PIB)

PIB is installable trading terminal designed for high-frequency traders and advanced traders. Live Market News, Tic by Tic Live Intraday Charts, Technical Analysis are few key features available in PIB.
Trade on the Call:
At any point in time Indiabulls customers can use 'Phone Trading Facility' by calling on the central dealing desk to place trading orders. The Indiabulls Call & Trade Facility is made available for free to charge to all its customers.

Visit Indiabulls Trading Software Review for more detail.

Contact Indiabulls / Request Call Back

FREE Unlimited Trading for 1st Month (₹1000 waived) Get the offer

Indiabulls Pros and Cons

Indiabulls Pros (Advantages)

The following are the advantages of Indiabulls. You must read Indiabulls advantages and disadvantages before opening an account with Indiabulls. Indiabulls pros and cons help you find if it suits your investment needs.

Brokerage free equity delivery trades to all the customers.
Offer fixed monthly unlimited trading plans starting from ₹1000 per month.
Interest-free margin funding. The amount varies with the unlimited plan you choose.
Free call & trade.
Free Research & recommendations.
Flat max ₹15 per trade brokerage if you do not take a monthly subscription plan.
In ₹15/ trade plan, margin funding is available at as low as 12% interest p.a.
Free trading software including Shubh Mobile, Shubh Web and Power Indiabulls.
Trading Terminal 'Power Indiabulls' is among the best trading terminals available.
Power Indiabulls is available for Apple's Mac and Linux OS.
Bracket Order and Cover order are available in monthly unlimited trading plan.

Indiabulls Cons (Disadvantages)

The following are the cons of Indiabulls. Check the list of Indiabulls drawbacks.

Online Mutual Funds not available.
Online IPO (UPI integrated) is not available.
Branch support is not available to online customers with discount brokerage plans.
Margin against share is not available in Unlimited Trading Plans.

Indiabulls Ventures Limited Enquiry Form

Indiabulls Margin / Exposure

Indiabulls leverage for intraday, delivery, options, currency and commodities.

Segment	Margin
Equity Delivery	1x (no margin)
Equity Intraday	Up to 5x (based on the stock)
Equity Future	Intra-day: 4x \| Carry forward: 1x (no margin)
Equity Options	Intra-day: 4x \| Carry forward: 1x
Currency Future	Intra-day: 2x \| Carry forward: 1x
Currency Options	Intra-day: 2x \| Carry forward: 1x
Commodity Future	NA
Commodity Options	NA

Visit Indiabulls Margin Review for more detail.

Indiabulls Ratings

Overall Rating	3.1/5
Fees	3.4/5
Brokerage	3.1/5
Usability	3.6/5
Customer Service	3.0/5
Research Capabilities	2.3/5

Based on 49 Votes by Indiabulls Customers

Do you trade with Indiabulls? Rate Indiabulls

Indiabulls Complaint

The number of Indiabulls customer complaint received by the exchanges. The Indiabulls consumer complaint report helps understanding the Indiabulls Ventures Limited quality and relibility of service.

Exchange	Financial Year	Number of Clients*	Complaints**
NSE	2019-20	43,688	78
BSE	2019-20	8,200	5
NSE	2018-19	45,429	55
BSE	2018-19	5,177	8
NSE	2017-18	49,495	74
BSE	2017-18	12,143	10
NSE	2016-17	39,485	57
BSE	2016-17	9,382	5
NSE	2015-16	38,553	60
BSE	2015-16	10,556	15

* The number of active customers reported by the broker.

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

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

Indiabulls Reviews

Indiabulls Saral App - Mutual Fund Investment in 3 Simple Steps

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188 Comments

188. VSS KUSHWAHA Jul 20, 2020 15:48

Subh Aap is worst than the earlier mobile app. Very difficult to operate with mobile.

Ratings:

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

187. Preeti Jul 17, 2020 11:42

Brokerage charges is very high in one lot ..which is 100 rupees for buying and selling 100 rupees and 106 rupees deduct in the evening .....total 306 rupees....for ...trading one lot that is too high

186. Pranav Jun 17, 2020 06:48

Horrible experience. Customer care is usually busy.
App is extremely slow

Ratings:

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

185. Ajaykaku May 6, 2020 21:38

I have taken account around 12 years back.
Now brokerage charges less for shubh accout and lot of new features.
But still I am paying old brokerage charges.
I sent mails/calls to customer care but no luck.
Please Help us , how existing customers can get benefits.

Ratings:

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

184. Vinod Waghela May 3, 2020 11:45

Great experienced.... i had use tradebulls, IIFL. & 5paisa but on the ground brokergare, regulqr seevices, trading plateforms & mailing services.. Indiabulls is superior than others.. really INDIABULLS SHUBH is really fastesst apps. Other brokers are charging very high but INDIABULLS are charging very less & Fixed brokerage. Also Indiabulls is proving heavy margin with fixed interest with one year period.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Research Capabilities - Above Average
Customer Service - Excellent
Overall Experience - Excellent

183. kumar Dec 27, 2018 09:42

1 |

do not take Indiabulls trading account. i opened Indiabulls trading account on 2008, it was free account. then 2010 on wards started charging AMC and DB charge.
without any notification to me, Indiabulls charged 3000 as DB charge, actually i sold only 3 company shared which was holding 12000 worth amount of shares. when i asked manager, senior manager and customer care, there is no proper response at all. i was tracking mote then 6 month, but did not help at all. i completely stopped trading with Indiabulls.

Ratings:

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

183.1. Vishal Kumar Apr 1, 2020 12:34

I faced the same problem. I am planning to close the account with Indiabulls.

182. Yif Mar 26, 2020 13:15

indiabulls customer care number 7780182678#indiabulls customer care number 7780182678#indiabulls customer care number 7780182678#indiabulls customer care number 7780182678#

Ratings:

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

181. Rahul Mar 25, 2020 12:59

indiabulls customer care number//7780182678indiabulls customer care number//7780182678indiabulls customer care number//7780182678indiabulls customer care number//7780182678

Ratings:

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

180. GL Dec 18, 2019 09:00

very poor// donot do works with indiabulls// your capital amount will be zero

Ratings:

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

179. Santosh Nov 3, 2019 16:05

The Realtionship Manager are worst, they don't have any relation with customer, simply call themselves as RM..Never have courtesy to call customer & if some payment is due just keep sending mail & if customer has some query they will tell to speak help desk to get it sort it out.
Never ever open an Account in Indiabulls.
AMC too high & even if I had not sold any stock still DP charges was levied..

178. Amol Oct 25, 2019 01:08

Mob app is not user friendely p&l not shown in proper way brokerage is very high

177. S K Mohapatra Aug 18, 2018 21:45

Brokerage charge is high. Mobile app is not user friendly. Profit/loss and ledger menu not available in mobile app.

Ratings:

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

176. Niraj May 6, 2018 22:56

Horrible experience. Bad people are employed. And without any transactions they charge u with fees.
Even to close an demat account with them is a herculean task.

Ratings:

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

175. ANIL Mar 22, 2018 16:15

ERHSFDHFJFGJBM GYJB VJCGH JGH JGBLYU KGYKGHM

Ratings:

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

174. Sachin Mar 14, 2018 21:34

Prepaid brokerage package was sold to me. Initially I was hesitant to go for it because of my concern of not being able to utilize the entire amount within in year. However, I was assured that the tenure would be extended if it was under utilized. The next year they did extent it by charging service tax on the remaining balance. Even at the end of the two years, the prepaid amount was under utilized, however this time they refused to extend the validity. Brokers like ICICI provide 15 years validity for the pre paid brokerage.

It turned out to be my biggest mistake using Indiabulls

Ratings:

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

173. gsp Feb 27, 2018 18:26

Indiabulls Ventures Ltd. introduced minimum brokerage of Rs.25/- per scrip per order from 01-Jan-2018 subject to maximum of 2.5% restricted by SEBI regulations. They have revised the DP plus Taxes). Charges as appearing now in this web page is not up-to-date.

It is not advisable for small Investors/traders to open an account with Indiabulls Ventures. Better to choose any discount broker.

172. Prashant Sep 26, 2017 12:16

They change rates without informing clients. And then levy the same . Wonder how once a Contract is signed between the client and them is signed, they can go about, changing rates at their will

Ratings:

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

171. S.Gulati Jul 25, 2017 10:01

1. The relationship managers do not have proper knowledge of the stocks they recommend their customers to trade in.
2. They resort to aggressive trading, In spite of customers advise to go slow.
3. The brokerage charges were much more than the advertised charges. The customer was not told about these charges before starting trading and no time was given to customer to give his approval of the charges.

Ratings:

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

170. NITIN Jun 14, 2017 04:49

very high brokerage compared to zerodha and other service providers

Ratings:

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

169. Madan chand sethia Mar 4, 2017 10:45

Services very good

Ratings:

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

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