Free Trading + Demat Account

Indiabulls Stock Trading, Demat, Brokerage and Reviews 2019


-2.77% 44,170 Clients

Indiabulls Ventures Ltd (Formerly Indiabulls Securities) is the India-based Stock Broker. IVL is part of Indiabulls Group, a leading business house in India with businesses spread across many sectors including Infrastructure, Power, Real Estate and Financial Services.

Indiabulls Ventures provides integrated capital market-related services in India including Stock Broking, Equity Research, Depository Services, IPO Investment, Commodities Trading and Trading in Currency Derivatives as well as Demat accounts. They are also involved in Lease Rentals & related activities which includes developing, operating and maintaining of industrial parks. They provide mutual funds with SIP, systematic equity plans, IPOs, and online offer for sales.

Indiabulls Ventures acts as a stock and share broker on the National Stock Exchange of India Limited and the BSE Limited and commodity broker on the Multi Commodity Exchange of India Limited and the National Commodity and Derivative Exchange Limited.

Indiabulls offers these services through its popular online trading platform Power Indiabulls (PIB), Shubh Mobile, Shubh Web and also through a wide network of the sales team of more than 900 individuals across 18+ cities.

Indiabulls Ratings

Overall Rating Rated 3.2 stars 3.2/5
Fees Rated 3.4 stars 3.4/5
Brokerage Rated 3.1 stars 3.1/5
Usability Rated 3.7 stars 3.7/5
Customer Service Rated 3.1 stars 3.1/5

Based on 44 Votes by Indiabulls Customers

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Information about Indiabulls account opening, Indiabulls open account, Indiabulls opening charges, Indiabulls account opening charges, Indiabulls account opening status, Indiabulls amc charges, Indiabulls account charges, Indiabulls account closure


Indiabulls's Trading Platforms

Power Indiabulls (PIB)

PIB is Indiabulls Ventures Online Trading Platform. It offers built-in internet trading features along with Live Streaming Stock Quotes. PIB can be accessed through a web browser like Internet Explorer. It offers features which suit beginners to advanced traders. Live Market News, Tic by Tic Live Intraday Charts, Technical Analysis are few key features available in PIB.

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

Indiabulls Shubh

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.

Read Indiabulls Trading Software Review for info about Indiabulls platform, Indiabulls trading platform, Indiabulls trading software, Indiabulls trading demo, Indiabulls Demo, Indiabulls download, Indiabulls software download, Indiabulls software, Indiabulls stop loss, Indiabulls trading and Indiabulls trading account.

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Indiabulls Brokerage Charges 2019

Indiabulls Account Opening Fees

TransactionFees
Trading Account Opening Charges₹450 (One time)
Trading AMC₹0
Demat Account Opening Charges₹0
Demat Account AMC₹450 (Free for 1st year)

Indiabulls Brokerage Charges

SegmentBrokerage
Equity Delivery0% (Free)
Equity Intra-day₹15 per executed order or 0.01% (whichever is lower)
Equity Future₹15 per executed order or 0.01% (whichever is lower)
Equity Options₹15 per lot
Currency Options₹15 per lot

Other Charges

  • Call & Trade: ₹15 per executed order
  • Minimum Brokerage(Equity): ₹0

Indiabulls Demat Charges

TransactionCharges (Account with POA)
Stamp Paper ChargesNil
 
Annual Maintenance Charges (AMC)
1. AMC Charges for Basic Services Demat Account (BSDA)
Value of holdings up to ₹50,000Nil
Value of holdings between ₹50,001 to ₹2,00,000₹100
 
2. Normal AMC Charges (inclusive of GST)
Individual₹450
Corporate₹1000
 
Custody ChargesNil
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 InstructionNil
Pledge Creation/Confirmation/Closure/Invocation₹25 or .02% of the transaction value (whichever is higher)
DEMATRe. 1 per certificate (max ₹250) + ₹25 courier charges
DEMAT Rejections₹20 per rejection + ₹25 courier
REMAT ChargesA fee of ₹15 for every 100 securities or part thereof. OR A flat fee of ₹15 per certificate, whichever is higher.
Delivery Instruction BookNil

Check out Indiabulls Brokerage Charges, Fees, AMC, Transaction Charges. Get detail about Indiabulls pricing, Indiabulls brokerage calculater, Indiabulls brokerage, Indiabulls plans, Indiabulls brokerage review, Indiabulls brokerage plans, Indiabulls fund transfer, Indiabulls intraday brokerage, Indiabulls charges, Indiabulls charge list, Indiabulls charges calculator, Indiabulls prepaid brokerage plans, Indiabulls yearly charges, Indiabulls fees, Indiabulls yearly maintenance charge, Indiabulls option brokerage and Indiabulls trading charges.

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Indiabulls Pros and Cons

Indiabulls Advantages

  1. Full-service broker with charges lower than most discount brokers.
  2. Free Equity Delivery trading. No brokerage charges for trades in equity delivery segment.
  3. Flat max Rs 15 per trade brokerage in all other segments.
  4. Margin Trading Facility is available at as low as 12% interest p.a. 
  5. Free trading software including Indiabulls Shubh Mobile and Shubh Web.
  6. Trading Terminal 'Power Indiabulls' is among the best trading terminals available.
  7. Power Indiabulls is available for Apple's Mac and Linux OS.
  8. Widespread network of local branches and sub-brokers make them very accessible.

Indiabulls Disadvantages

  1. 'Power Indiabulls' Trading Terminal comes at a cost of Rs 450 onetime fee.
  2. Indiabulls Ventures doesn't offer 3-in-1 account as the company doesn't provides banking services.

Indiabulls Exposure Margin

Indiabulls leverage for intraday, delivery, options, currency and commodities. Read Indiabulls exposure limit review.

SegmentExposure Margin
Equity Delivery1x (no margin)
Equity IntradayUp to 12x (based on the stock)
Equity FutureIntraday - 50%(2x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Equity Options1x (no margin)
Currency Future1x (no margin)
Currency Options1x (no margin)
Commodity Future
Commodity Options

Indiabulls Complaints received at BSE/NSE

Number of customer complained against Indiabulls Ventures Limited share broker. The Indiabulls Ventures Limited consumer complaints provide the summary of grievance which went to exchange for resolution.

Indiabulls Customer Complaints

Exchange Financial Year Number of Clients * Total Complaints **
NSE 2019-20 44,170 19
BSE 2018-19 5,177 8
NSE 2018-19 45,429 55
BSE 2017-18 12,143 10
NSE 2017-18 49,495 74
BSE 2016-17 9,382 5
NSE 2016-17 39,485 57
BSE 2015-16 10,556 15
NSE 2015-16 38,553 60
BSE 2014-15 8,090 16
NSE 2014-15 47,348 62
BSE 2013-14 593,812 26
NSE 2013-14 46,314 85
BSE 2012-13 590,018 48
NSE 2012-13 607,108 162
BSE 2011-12 580,929 71
NSE 2011-12 622,143 183

* Number of active customers. As per SEBI guidelines each broker reports the detail of active clients to the exchange through unique client code (ucc) process every month.

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

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178 Comments

avatar
178. kumar  Dec 27, 2018 09:42 Reply
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
avatar
177. S K Mohapatra  Aug 18, 2018 21:45 Reply
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
avatar
176. Niraj  May 6, 2018 22:56 Reply
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
avatar
175. ANIL  Mar 22, 2018 16:15 Reply
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
avatar
174. Sachin  Mar 14, 2018 21:34 Reply
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
avatar
173. gsp  Feb 27, 2018 18:26 Reply
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.
avatar
172. Prashant  Sep 26, 2017 12:16 Reply
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
avatar
171. S.Gulati  Jul 25, 2017 10:01 Reply
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
avatar
170. NITIN  Jun 14, 2017 04:49 Reply
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
avatar
169. Madan chand sethia  Mar 4, 2017 10:45 Reply
Services very good

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
168. Deepak  Jan 18, 2017 12:27 Reply
Indiabulls is zero in terms of customer service, On the face, they RM) & charges highest brokerage in industry, however in return they don''t provide any real RM service. Their employees enjoy at the cost of customers & management does not bother for any deficiency of services by RM or customer care. Rather customer care try to skip the problem & just forward it to RM again. Really bad service, not recommended at all. Stay away from Indiabulls.

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Average
Website Usability - Average
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
167. Kirtan Thakkar  Oct 22, 2016 10:40 Reply
RMs are pathetic. I was a beginner in trading and he tried his best to loot me through brokerage. I lost in many thousands because of my RM Santosh Kumar, Pune. Indiabulls is recommended but stay away from RMs.

Ratings:

Brokerage - Average
Account Maintenance Fees - Average
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Below Average
avatar
166. Ravi  Sep 22, 2016 00:59 Reply
Increase brokerage flat/fixed) without intimating the customer

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Average
Website Usability - Below Average
Customer Service - Very Poor
Overall Experience - Below Average
avatar
165. v  Aug 26, 2016 20:49 Reply
Very costly broker

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Average
Website Usability - Excellent
Customer Service - Very Poor
Overall Experience - Average
avatar
164. Rahul  Jul 26, 2016 21:49 Reply
No transperanct in cdls charges. Charge more

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Excellent
Customer Service - Below Average
Overall Experience - Below Average
avatar
163. abhay misra  Mar 3, 2016 20:46 Reply
Good good not very good

Ratings:

Brokerage - Average
Account Maintenance Fees - Above Average
Website Usability - Average
Customer Service - Below Average
Overall Experience - Average
avatar
162. eswara rao  Dec 10, 2015 14:06 Reply
I have a Union bank online account so ,
Is it possible funds transfer to trading account through Union bank online account.......?
avatar
161. K.Shanthi  Aug 8, 2015 15:19 Reply
I am a regular trader with Indiabulls Ventures Ltd for the past 9 years. I am quite satisfied with their service.
avatar
160. venkatesan  May 30, 2015 19:17 Reply
first they giving 12 times exposure nowadays they not give and told need to have minimum rs10000.00 its so bad to recover my money after loss.
avatar
159. ajay tawrani  Jan 19, 2015 11:41 Reply
Pathetic service, the customer relationship managers or Customer Care Reps are hopeless & of no help.

Ratings:

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

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