Flattrade Vs INDmoney
Flattrade
Flattrade Capital Services Review 2024 gives an overall view of the updates about the Brokerage Charges, Margin, Trading Software, Flattrade Capital Demat Account Charges, NRI Account, Branches, Customer Support, Advantages and Disadvantages.
INDmoney
INDmoney Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Complaints
Flattrade Vs INDmoney - Broker Details
| Flattrade | INDmoney | |
|---|---|---|
| Single Margin Facility |
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| Year of Incorporation | 2004 | 2019 |
| Exchanges | BSE, NSE and MCX | NSE, BSE and MCX |
| Branches | 6 | 966 |
| Brokerage | ₹0 (Free) | 0.05% or up to ₹20/Per Order |
| Broker Type | Discount Broker | Discount Broker |
Flattrade Vs INDmoney - Account Opening & AMC Charges
| Flattrade | INDmoney | |
|---|---|---|
| Trading Account Opening Charge | ₹200 + GST | ₹0 (Free) |
| Demat Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account AMC | ₹0 (Free) | ₹0 (Free) |
| Trading Account AMC | ₹0 (Free) | ₹0 (Free) |
Flattrade Vs INDmoney - Brokerage charges & Plans
| Flattrade | INDmoney | |
|---|---|---|
| Commodity Futures | ₹0 (Free) | N/A |
| Currency Futures | ₹0 (Free) | 0.05% or up to ₹20/Per Order |
| Equity Delivery | ₹0 (Free) | 0.05% or up to ₹20/Per Order |
| Equity Options | ₹0 (Free) | 0.05% or up to ₹20/Per Order |
| Commodity Options | ₹0 (Free) | N/A |
| Equity Futures | ₹0 (Free) | 0.05% or up to ₹20/Per Order |
| Currency Options | ₹0 (Free) | 0.05% or up to ₹20/Per Order |
| Fixed Charges | ₹0 (Free) | 0.05% or up to ₹20/Per Order |
| Equity Intraday | ₹0 (Free) | 0.05% or up to ₹20/Per Order |
Flattrade Vs INDmoney - Other Charges
| Flattrade | INDmoney | |
|---|---|---|
| RMS Square Off Charge | ₹50 +GST | Equity Options & Currency Options:- ₹20 + GST | ₹50 per position |
| API Charges | ₹0 (Free) | N/A |
| Call & Trade Charges | ₹50 +GST | Equity Options & Currency Options:- ₹20 + GST | ₹50 per position |
| Other Brokerage Charges | ₹0 (Free) | 0.05% or up to ₹20/Per Order |
| Minimum Brokerage | ₹0 (Free) | 0.05% or up to ₹20/Per Order |
Flattrade Vs INDmoney - Transaction Charges
| Flattrade | INDmoney | |
|---|---|---|
| Currency Options | NSE : 0.035% | BSE : 0.001% | NSE: 0.035 % And | BSE: 0.001% On Options Premium Value |
| Equity Futures | 0.0020% | NSE: 0.00195% on total turnover value |
| Equity Intraday | NSE : 0.00345% (FOR NIFTY 50, NIFTY NEXT 50); BSE 0.003% | NSE: 0.00275% (OTHER THAN NIFTY 50 & NIFTY NEXT 50) | NSE - 0.00325% | BSE- 0.00375% |
| Equity Options | 0.053% (on premium) | NSE: 0.053% on premium value |
| Commodity | 0.0026% | 0.0013% (FAR MONTH CONTRACT) | Commodity option:- 0.05% | Non-Agri: 0.00210% On Turnover For A Category (Near & Next Month TO ) 0.0013% On Turnover For A Category (FAR Month TO) 0.00175% On Turnover For B Category Agri: 0.006% On Turnover For A Category 0.002% On Turnover For B Category 0.0001% On Turnover For C Category Special Charges For Following Scrips: 0.0005% On Turnover For CASTORSEED 0.0005% On Turnover For KAPAS 0.00005% On Turnover For PEPPER 0.001% On Turnover For RBDPMOLEIN |
| Currency Futures | NSE : 0.0009% | BSE : 0.00022% | NSE: 0.0009% On Futures Turnover value | BSE: 0.00022% On Futures Turnover value |
| Equity Delivery | NSE: 0.00345% (FOR NIFTY 50, NIFTY NEXT 50); BSE 0.003% | NSE: 0.00275% (OTHER THAN NIFTY 50 & NIFTY NEXT 50) | NSE - 0.00325% | BSE- 0.00375% |
Flattrade Vs INDmoney - Margin (Exposure)
| Flattrade | INDmoney | |
|---|---|---|
| Equity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Intraday | 5x (Up to 20% of trade value) | 5x (Up to 20% of trade value) |
| Currency Options | 1x (100% of NRML margin (Span + Exposure) | 1x(100% of NRML margin (Span + Exposure)) |
| Commodity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Delivery | 1x (100% of trade value) | 1x (no margin) |
| Currency Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
Flattrade Vs INDmoney - Features
| Flattrade | INDmoney | |
|---|---|---|
| Online Portfolio |
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| Algo Trading |
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| Margin Trading Facility |
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| Call & Trade Facility |
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| Referral Program |
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| Collateral Margin |
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| Online Demo |
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| 3 in 1 Account |
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| Charting |
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| Intraday Square-off Time | Equity & F&O:- 3:20pm | Currency: 4:30PM | Commodity:-11:30 PM | Equity Cash: 03:21 PM | Equity F&O :03:18 PM | Currency: 4:45 PM | Commodities: 11:20 PM |
| Trading Platform | Flattrade - (Share Trading App), Web Trading | 1. INDmoney Online Web Portal, 2. INDmoney Mobile App |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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Flattrade Vs INDmoney - Review & Rating
| Flattrade | INDmoney | |
|---|---|---|
| Trading Brokerage | ||
| Customer Service | ||
| Fees | ||
| Trading Platform Usability | ||
| Mobile App | ||
| Research | ||
| Desktop Software | ||
| Overall Ratings | ||
| Broker Rating | ||
| Call Back Open Account |
Flattrade Vs INDmoney - Request a call back from Broker
| Flattrade | INDmoney | |
|---|---|---|
Flattrade Vs INDmoney - Investment Options
| Flattrade | INDmoney | |
|---|---|---|
| Currency |
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| IPO |
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| Commodity |
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| Debt |
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| Other Options |
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| Stock Cash / Equity |
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| Mutual Funds |
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| Bond / NCD |
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Flattrade Vs INDmoney - Order Type
| Flattrade | INDmoney | |
|---|---|---|
| Bracket Order/BO/OCO |
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| BTST |
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| Cover Order/CO |
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| Good Till Cancelled (GTC) |
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| BUY ABOVE/SELL BELOW (SL-M) |
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| After Market Order(AMO) |
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| STBT |
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Flattrade Vs INDmoney - Research & Report
| Flattrade | INDmoney | |
|---|---|---|
| Free Tips |
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| Quarterly Result Analysis |
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| Daily Market Report |
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| News Alerts |
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Flattrade Vs INDmoney - Daily Market Report
| Flattrade | INDmoney | |
|---|---|---|
| Daily Market Reports & News |
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Flattrade Vs INDmoney - Suitable For Investor
| Flattrade | INDmoney | |
|---|---|---|
| Casual Investor |
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| Active Investor |
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| Trader |
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Flattrade Vs INDmoney - Pros & Cons
| Flattrade | INDmoney | |
|---|---|---|
| Pros | 1. It provides free account opening and annual maintenance charges. 2. It has a strong hold on the southern part of India. 3. They offer offline branches as to serve their customers offline. 4. It provides various decent customer services to its customers. 5. Zero Brokerage in All Segments | 1. User-Friendly Platform 2. It provides the most advanced trading platforms. 3. All-in-One Financial App 4.INDMoney facilitates goal-based investing, helping users set and achieve financial objectives 5. The broker offers responsive customer support to address inquiries and provide assistance whenever needed. |
| Cons | 1. It has a limited number of trading and investment products. 2. It has less focus on technology with only one in-house trading platform (Mobile app) and that too is kind a mediocre in performance. 3. The fortune trading is petty limited. 4. Exchange transactions charges are higher than other discount brokers. | 1.Limited Global Investment Options 2.Limited Advanced Trading Features 3. INDMoney primarily operates through its app, which might not be suitable for investors who prefer traditional phone or in-person customer support. |
Flattrade Vs INDmoney - Background
| Flattrade | INDmoney | |
|---|---|---|
Flattrade Vs INDmoney - Compare All Brokers
| Flattrade | INDmoney | |
|---|---|---|
Flattrade Vs INDmoney - STT/CTT
| Flattrade | INDmoney | |
|---|---|---|
| Commodity Futures | 0.01% on sell side | 0.01% only on sell side Non-Agri |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% on Sale side | 0.025% only on sell |
| Equity Options | 0.05% on sell side (on premium) | Option Excised 0.125% | 0.05% only on sell (On Premium) |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% Buy & Sell | 0.1% on both buy & sell |
| Equity Futures | 0.01% on sell side | 0.01% only on sell |
| Commodity Options | 0.05% on sell side | 0.05% only on sell side |
Flattrade Vs INDmoney - Demat transaction charges
| Flattrade | INDmoney | |
|---|---|---|
| Equity Demat Transaction Charges | ₹20 + GST per scrip only on sell | ₹250/ per certificate |
Flattrade Vs INDmoney - GST
| Flattrade | INDmoney | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (brokerage + transaction charges + SEBI charges) | 18% on (Brokerage + Transaction Charge) |
Flattrade Vs INDmoney - SEBI Charges
| Flattrade | INDmoney | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/Crore |
Flattrade Vs INDmoney - Account Opening & AMC Charges
Flattrade
INDmoney
Trading Account Opening Charge
₹200 + GST
₹0 (Free)
Demat Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account AMC
₹0 (Free)
₹0 (Free)
Trading Account AMC
₹0 (Free)
₹0 (Free)
Flattrade Vs INDmoney
| Flattrade | INDmoney | |
|---|---|---|
Flattrade ReviewFlattrade Trading Corporation is a Chennai-based discount stock broking company. It was incorporated in 2004 as Fortune Capital Services Private Limited. It is one of the fastest growing financial brokers. It is an expert in offering the zero brokerage&nbs .. + " Vs "+ INDmoney |
INDmoney Account Opening Process, Charges, and Documentation Details |
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INDmoney
INDmoney Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Complaints
Flattrade Vs INDmoney - Brokerage charges & Plans
| Flattrade | INDmoney | |
|---|---|---|
| Commodity Futures | ₹0 (Free) | N/A |
| Currency Futures | ₹0 (Free) | 0.05% or up to ₹20/Per Order |
| Equity Delivery | ₹0 (Free) | 0.05% or up to ₹20/Per Order |
| Equity Options | ₹0 (Free) | 0.05% or up to ₹20/Per Order |
| Commodity Options | ₹0 (Free) | N/A |
| Equity Futures | ₹0 (Free) | 0.05% or up to ₹20/Per Order |
| Currency Options | ₹0 (Free) | 0.05% or up to ₹20/Per Order |
| Fixed Charges | ₹0 (Free) | 0.05% or up to ₹20/Per Order |
| Equity Intraday | ₹0 (Free) | 0.05% or up to ₹20/Per Order |
| Call Back Open Account |
Flattrade Vs INDmoney - Margin (Exposure)
| Flattrade | INDmoney | |
|---|---|---|
| Equity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Intraday | 5x (Up to 20% of trade value) | 5x (Up to 20% of trade value) |
| Currency Options | 1x (100% of NRML margin (Span + Exposure) | 1x(100% of NRML margin (Span + Exposure)) |
| Commodity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Delivery | 1x (100% of trade value) | 1x (no margin) |
| Currency Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Call Back Open Account |
Flattrade Vs INDmoney - Other Charges
| Flattrade | INDmoney | |
|---|---|---|
| RMS Square Off Charge | ₹50 +GST | Equity Options & Currency Options:- ₹20 + GST | ₹50 per position |
| API Charges | ₹0 (Free) | N/A |
| Call & Trade Charges | ₹50 +GST | Equity Options & Currency Options:- ₹20 + GST | ₹50 per position |
| Other Brokerage Charges | ₹0 (Free) | 0.05% or up to ₹20/Per Order |
| Minimum Brokerage | ₹0 (Free) | 0.05% or up to ₹20/Per Order |
Flattrade Vs INDmoney - STT/CTT
| Flattrade | INDmoney | |
|---|---|---|
| Commodity Futures | 0.01% on sell side | 0.01% only on sell side Non-Agri |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% on Sale side | 0.025% only on sell |
| Equity Options | 0.05% on sell side (on premium) | Option Excised 0.125% | 0.05% only on sell (On Premium) |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% Buy & Sell | 0.1% on both buy & sell |
| Equity Futures | 0.01% on sell side | 0.01% only on sell |
| Commodity Options | 0.05% on sell side | 0.05% only on sell side |
Flattrade Vs INDmoney - Demat transaction charges
| Flattrade | INDmoney | |
|---|---|---|
| Equity Demat Transaction Charges | ₹20 + GST per scrip only on sell | ₹250/ per certificate |
Flattrade Vs INDmoney - GST
| Flattrade | INDmoney | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (brokerage + transaction charges + SEBI charges) | 18% on (Brokerage + Transaction Charge) |
Flattrade Vs INDmoney - SEBI Charges
| Flattrade | INDmoney | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/Crore |
Flattrade Vs INDmoney - Features
| Flattrade | INDmoney | |
|---|---|---|
| Online Portfolio |
|
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| Algo Trading |
|
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| Margin Trading Facility |
|
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| Call & Trade Facility |
|
|
| Referral Program |
|
|
| Collateral Margin |
|
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| Online Demo |
|
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| 3 in 1 Account |
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| Charting |
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| Intraday Square-off Time | Equity & F&O:- 3:20pm | Currency: 4:30PM | Commodity:-11:30 PM | Equity Cash: 03:21 PM | Equity F&O :03:18 PM | Currency: 4:45 PM | Commodities: 11:20 PM |
| Trading Platform | Flattrade - (Share Trading App), Web Trading | 1. INDmoney Online Web Portal, 2. INDmoney Mobile App |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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| Call Back Open Account |