Indira Securities Stock Trading, Demat, Brokerage and Reviews 2020


6.4% 7,213 Clients

Established in 1987, Indira Securities is an Indore, MP based full-service stock broking and investment Services Company. The company is a member of the NSE, BSE, MCX and NCDEX exchanges. It is a depository participant (DP) with CDSL.

The company offers trading and investment in equities, commodities, currency, derivatives, IPOs, insurance and mutual funds etc. It also offers research and advisory to its customers.

Indira Securities offers both traditional and discount brokerage plans. In the traditional plan, the company charges a percentage of the trade value whereas in a fixed brokerage plan it charges Flat ₹20 per trade across all segments.

Note: The fixed brokerage plan is not available for customers located in MP and Rajasthan.

Algo Trading is one of the key USP of the company. It offers a robust algo trading platform with fully automated and chart-based trading features.

Research & Advisory is another key offering of the stock broker. The company's dedicated research team publishes reports on companies, industry sectors, and IPOs etc. Free stock tips, daily reports and news alerts are other research-based services offered by the company.

Indira Securities offers Margin Exposure/Leverage facility on trading. On Equity Intraday trades, it offers up to 10 times leverage funding based upon the category of stocks.

The company offers several trading features like chart based Good Till Cancelled, After Market Orders and Bracket Orders (BO) to its customers.

Customers can trade offline with the help of dealers. They can also avail of various services in the branch offices. Indira Securities has a Pan India presence in hundreds of business locations through its branches, and business partners, etc.

Indira Securities also has an online mutual fund platform (MF Planet). Customers can buy mutual funds online at zero fees in the MF Planet. The platform also features Robo Advisory, an algorithm-driven recommendation tool. It recommends Mutual Fund schemes to the investors based on their goals, risk profile and fund performance.

Indira Securities also runs a customer education program called 'Inspire Education'. The program covers various aspects of stock market trading and investments including Fundamental & Technical analysis, System Trading, Derivatives and Stock Modelling etc.

Indira Securities Special Offers

Free Equity Delivery Trading

Get FREE equity delivery trading and pay flat ₹20 brokerage for Intraday and F&O trades. Also get FREE online account opening, research and personalised services through dedicated RM. To open an online paperless account, visit Indira Securities Website


Account Types

Indira Securities offers 2 types of accounts to suit the varied needs of the traders:

  1. Traditional Plan

    It is a percentage-based brokerage plan wherein you are charged a predetermined percentage of the trade value as the brokerage fee. The traditional plan comes with other services like free research & advisory, access to trading platforms etc.

  2. Discount Brokerage Plan

    It is a flat-fee brokerage plan wherein you are charged ₹20 per trade across all segments. The discount brokerage plans are not available to customers located in Rajasthan and Madhya Pradesh.


Indira Securities Charges 2020

1. Account Opening Fees & Demat AMC

Indira Securities offers free account opening for trading and demat accounts. The Indira Securities Demat Account Annual Maintenance Charges is ₹450 per year. The demat AMC is free for the first year.

Trading and Demat Account Opening Charges ₹0 (Free)
Demat Account AMC ₹450 per annum (1st Year Free)

2. Indira Securities Discount Brokerage Plan

Indira Securities Discount Brokerage Plan is a flat-rate brokerage plan offered to online customers (except in MP and Rajasthan). They charge flat ₹20 per executed order for trading in equity delivery, intraday and F&O. The same brokerage is charged for trading in currency and commodity derivatives. This plan comes with online trading, free research, free call & trade, relationship manager and ₹0 auto square-off charges.

Segment Brokerage Charges
Equity Delivery & Intra-day ₹20 per executed order
Equity Futures & Options ₹20 per executed order
Currency Futures & Options ₹20 per executed order
Commodity Futures & Options ₹20 per executed order

3. Indira Securities Traditional Plan Charges

Indira Securities Traditional Plan is a full-service brokerage plan. They charge 0.10% for equity delivery, 0.01% for equity intraday and futures, ₹25 per lot (both side) for equity, 0.01% for currency futures and ₹25 per lot (both side) for currency options. This plan offers online & offline trading, personal relationship manager, free research and many other benefits.

Segment Brokerage Charges
Equity Delivery 0.10%
Equity Intra-day 0.01%
Equity Futures 0.01%
Equity Options ₹25 per lot (both sides)
Currency Futures 0.01%
Currency Options ₹25 per lot (both sides)
Commodity 0.01%

Visit Indira Securities Brokerage Charges Review for more detail.

Special Offer: FREE Account Opening (₹650 waived) + Brokerage free equity delivery trading (no commission) + Flat ₹20 Intra-day and F&O trades. Get the offer

Indira Securities Online Account Opening

For trading with Indira Securities, investors have to open a trading and a demat account.

Ways to open an account with Indira Securities:


Indira Securities Trading Software (Indira Securities Trading Platforms)

Indira Securities offers both online and offline services. Its customers can trade online using a range of trading platforms available in web, mobile and desktop versions. All online trading software's are available for free to all the customers.

Indira Securities offers the ODIN trading platform by 63 moons technologies ltd. The trading software includes:

  1. IndiraTrade.in (Trading Website)
  2. Indira Trader Terminal (ODIN Diet)
  3. TradeInsta (Mobile Trading App)
  4. MF Planet (Online Mutual Fund Platform)

 

 

 

Visit Indira Securities Trading Software Review for more detail.

Indira Securities Pros and Cons


Indira Securities Pros (Advantages)

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

  1. Offers good online trading platforms to customers.
  2. Personal relationship manager (RM) to all customers.
  3. Offers both traditional (% based) and flat-fee brokerage plans.
  4. Full-service broker offering discount brokerage plan.
  5. Online customer pays Flat Rs 20 per executed brokerage.
  6. Algo and chart-based Algo trading are available.
  7. Advance order types like AMO, CO, and BO are available.
  8. Offers an online mutual fund platform for investments at zero fees.
  9. Offers Robo advisory for mutual fund recommendations.
  10. Offers online IPO application services
  11. Dedicated research & advisory services with free stock tips.
  12. Pan India presence with hundreds of branches, and business partners
  13. Offers free and paid training programs to customers. 
  14. In-house built mobile trading app.
  15. Paperless online account opening services
  16. Update your personal information online (No paper forms).
  17. No charges for Call & Trade and Auto Square-off.

Indira Securities Cons (Disadvantages)

The following are the cons of Indira Securities. Check the list of Indira Securities drawbacks.

  1. Use 3rd party trading software (ODIN). The mobile app is built in-house.
  2. Fixed brokerage plans are currently not available in MP and Rajasthan.
  3. Advance order types i.e. CO, and BO are not available in the mobile app.
  4. Doesn't offer NRI trading account.

Indira Securities Margin / Exposure

Indira Securities leverage for intraday, delivery, options, currency and commodities.

SegmentMargin
Equity Delivery1x (no margin)
Equity IntradayUp to 10x (based on the stock)
Equity FutureIntraday: 3x, Carry forward: 100%(1x) of Total margin (Span+ Exposure)
Equity Options1x (no margin)
Currency FutureIntraday: 3x, Carry forward: 100%(1x) of Total margin (Span+ Exposure)
Currency Options1x (no margin)
Commodity FutureIntraday: 3x, Carry forward: 100%(1x) of Total margin (Span+ Exposure)
Commodity Options1x (no margin)

Visit Indira Securities Margin Review for more detail.


Indira Securities Ratings

Overall Rating Rated 4.5 stars 4.5/5
Fees Rated 3.0 stars 3.0/5
Brokerage Rated 5.0 stars 5.0/5
Usability Rated 4.5 stars 4.5/5
Customer Service Rated 4.5 stars 4.5/5
Research Capabilities Rated 5.0 stars 5.0/5

Based on 2 Votes by Indira Securities Customers

Do you trade with Indira Securities? Rate Indira Securities


Indira Securities Complaint

The number of Indira Securities customer complaint received by the exchanges. The Indira Securities consumer complaint report helps understanding the Indira Securities Pvt Ltd quality and relibility of service.

Exchange Financial Year Number of Clients* Complaints**
NSE 2020-21 7,213 1
NSE 2019-20 6,779 1
NSE 2018-19 6,742 4
NSE 2017-18 7,127 1
BSE 2017-18 5,762 0
NSE 2015-16 4,025 3
BSE 2015-16 4,950 1
NSE 2014-15 4,509 1
NSE 2013-14 3,543 4
BSE 2013-14 18,049 1

* The number of active customers reported by the broker.

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

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

Frequently Asked Questions

  1. 1. How to open an account in Indira Securities?

    You could open an account with Indira Securities in 2 ways; online (using Aadhar number) and offline (by filling paper forms).

    1. Online Account Opening (eKYC)

      Indira Securities offers an instant online account in just a few minutes if your Aadhar is linked to your current phone number for OTP verification.

      Steps for Indira Securities Account Opening

      1. Visit the Indira Securities website.
      2. Click the green 'Open an Account' button on top.
      3. Enter your Name, Mobile Number* and Email. Verify with OTP.
      4. Enter your Aadhar and PAN Numbers.
      5. Verify Aadhar with OTP.
      6. Check your details.
      7. Upload supporting documents and a photo.
      8. Submit the account opening form.

      * For online account opening, enter Mobile Number linked with Aadhaar to complete the EKYC Process for Digital signature.

    2. Offline Account Opening

      If your Aadhar is not linked to your current phone number or you are opening an account for HUF or Company, you could open an account by filling the paper form.

      Steps for Indira Securities Offline Account Opening

      1. Visit the Indira Securities website.
      2. Click on the 'Downloads' link in the top navigation bar.
      3. Click on the 'CLIENT REGISTRATION KITS' in left navigation.
      4. Click the 'Download' button in front of the 'Online Trading Application'.
      5. Print it, sign it and attach required documents.
      6. Send it to the address provided in the form.

     

  2. 2. How much Indira Securities charges for trading?

    Indira Securities offers online trading at flat ₹20 per trade in equity delivery, intraday and F&O, Currency and Commodity. The brokerage in the traditional plan is 0.10% for delivery, 0.01% for Intraday and Futures and ₹25 per lot (both sides) for options.

    The Call & Trade facility is free for all the customers including online trading customers under discount brokerage plan.

    Indira Securities charges flat 0.010% (Min ₹10) demat debit transaction fee and ₹450 demat account AMC.

    Visit the Indira Securities brokerage charges page for more detail.

     

  3. 3. Does Indira Securities provide IPO?

    Yes, Indira Securities offers online IPO application services to resident Indians (using UPI as the payment gateway). Indira Securities customers can apply for IPOs online using the IPO application provided by the broker.

    Steps to apply in IPO with Indira Securities

    1. Login to Indira Securities website.
    2. Click on 'IPO' in the top navigation bar in blue color.
    3. Enter your client code or log in as a guest.
    4. Choose the IPO you want to apply from the list
    5. Enter your UPI ID
    6. Enter bid details like price, quantity, etc.
    7. Click Submit
    8. Approve the Payment request on your UPI app.

    Note:

    • Your IPO application is not complete till you approve the payment request on your UPI app.
    • Sometime, it may take up to 4 hours to receive the UPI payment mandate.

     

  4. 4. How to apply IPO in Indira Securities?

    Indira Securities customers can apply for IPOs online in 2 ways; using Indira Securities IPO application (UPI based) and through ASBA using the net-banking facility.

    Steps to apply IPO in Indira Securities using UPI

    1. Visit the Indira Securities website.
    2. Go to the 'IPO' section.
    3. Enter your client ID or log in as a guest.
    4. Select the desired IPO from the list
    5. Enter your UPI ID
    6. Enter bid details like price, quantity, etc.
    7. Click Submit
    8. Approve the Payment request on your UPI app.

    Indira Securities customers can also apply in an IPO online through the ASBA net banking facility of their banks and get the stocks credited in their demat account.

    Steps to apply IPO using Indira Securities Demat and Net-banking

    1. Log in to your bank's net-banking account.
    2. Go to the IPO section.
    3. Select the desired IPO.
    4. Enter IPO bid details.
    5. Enter your Indira Securities demat account details.
    6. Review and Submit.

    In the ASBA net banking IPO application, the investment amount is locked in your bank account until the shares are allotted. You cannot withdraw the money. The money is debited if you get allotment else it is released. The IPO shares if allotted will be credited to your Indira Securities demat account.

     


2 Comments

Shanu
2. Shanu  Aug 27, 2020 17:16 I Like It. | I Don't Like It. | Report Abuse Reply
In the type of market where no one cares about there retailer client Indira securities really provide a great support and provide a valuable knowledge regarding share market

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Above Average
Website Usability - Excellent
Research Capabilities - Excellent
Customer Service - Excellent
Overall Experience - Excellent
Vikram
1. Vikram  Jun 17, 2020 14:46 I Like It. | I Don't Like It. | Report Abuse Reply
Indira sec is a good broker. The relationship manager is helpful.

Ratings:

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

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