Nirmal Bang Securities-Service review

Nirmal Bang has been in business since 1986 and is one of the most well-known stock brokers and providers of trading services in the nation. Complete stock trading services are provided by Nirmal Bang to all of its clients through a variety of channels, including online stock trading on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).

Overview

Nirmal Bang Securities Pvt Ltd.(Nirmal Bang) is one of the top full-service brokerage firms, providing a range of financial products and services. By Nirmal Bang, Dilip Bang, and Kishore Bang, the Nirmal Bang group of businesses was established. Nirmal Bang provides trading services for stocks, derivatives, currencies, and commodities.

As a full-service broker, Nirmal Bang also provides its clients with thorough research. The company's research division identifies and proposes investment opportunities to customers while providing market information. The company offers a variety of research services, including:

• Technical Predictions for Equities, Commodities, and Derivatives
• Research papers on mutual funds, commodities, and equity
• IPO Tracker
• Currency Options Reports
• A monthly publication called "Beyond Market"
• HNI investors can choose from a variety of personalized product solutions provided by the Private Client Group (PCG) Research Desk to build long-term wealth.

Regional offices and branches have been established by Nirmal Bang throughout India. The company currently has physical locations in 16 Indian states.

Platforms for Trading

ODIN: For frequent traders and active clientele, ODIN is a lightweight, downloadable computer platform application that makes trading easier.

NET NET: This web trading application was created using HTML and has all the essential features, including charting, market watch, etc.

Beyond Mobile App: Nirmal Bang-powered Beyond is a stock trading mobile app that enables users to transact in equities, futures, commodities, and currencies while on the go. a real-time risk management program that, during market hours, is linked to both the DP and Broking back offices.

LD-Client Level Software: LD Back office, a LIVE Back-office Software, is constructed with W2FP technology and is directly connected to the main database. It offers the same amount of information as an H.O. or Branch could. The application also provides access to a whopping 28 different reports, all of which can be printed and exported in a variety of file formats.

Offline trading Services

Additionally, to the aforementioned trading platforms, Nirmal Bang users can also trade by-

Branch Visit: The company has branches and regional offices all around the nation. You can submit online orders or visit any of the nearby branch locations.

Call n Trade: You can also place your orders over the phone using the company's call n trade service. On your behalf, a company executive will place the order. For call-and-trade orders, specific phone numbers are listed on the website.

Demat Account Opening Charges

Having CDSL as its depository source, Nirmal Bang has significantly increased its credibility and confidence among dealers. Opening a Demat or trading account with the company is free, although the company charges Rs. 200 per year for Demat account maintenance.

Account Opening Charges

Depository Source Registration

CDSL

Charges Account Opening

Zero

Charges Demat AMC

Rs.200

Charges Trading AMC

Free

Margin Money

Minimum Rs.10,000

Offline to Online Flexibility

Yes

Brokerage Charges

Nirmal Bang is one of the stock brokerages firms that charge brokerage as per the trade transactions completed. In addition, the business has a fundamental strategy that assesses brokerage fees based on the percentage of transactions.

Charge

Amount

Plan Name

Equity Delivery

0.2%

Equity Intraday

0.02%

Equity Futures

0.02%

Equity Options

• 35

Currency Futures

0.02%

Currency Options

• 20

Commodity Options

0.01%

Conclusion

Nirmal Bang is the kind of broker who prioritizes conducting business through their local branches and sub-brokers. Instead of concentrating on centralized internet trade, their goal is to draw in local customers in each city. By revamping their website with a fresh appearance and feel, they have enhanced their online presence. Despite not being the broker for everyone, particularly the younger generation, Nirmal Bang should maintain his respectable standing as a full-service broker in 2016.

To be the Best Stock Broker in India, numerous entities are competing and enriching their facilities and services to serve customers with enhanced support and reassurance.