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Prabhudas Lilladher Review 2021 | Demat Account , Brokerage Charges
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Prabhudas Lilladher Review | Brokerage Charges, Account Opening
Prabhudas Lilladher (PL) is a Mumbai based stockbroker, incorporated in 1944 by Mr. Prabhudas Lilladher Sheth as a financial services provider. In Review Prabhudas Lilladher is one of the oldest stockbrokers of India. It is a SEBI registered stock broking company and provides you an opportunity to invest in national exchanges BSE, NSE and MCX. Prabhudas Lilladher is the one stop solution for all financial services and offers you to invest in equity, derivative, commodity, mutual fund, currency, US stocks and IPO. Prabhudas Lilladher is a proud member of CDSL and NSDL. As a full-service broker, it is a big name in the share market industry.
Prabhudas Lilladher offers demat and trading account services as well as charges very minimum brokerage in different segments. It has many trading software and tools such as TradePlus, Tradeclue, Strategy Shop and much more which are accessible in both mobile and computer. Prabhudas Lilladher has partnership with Vested to provide direct US investing to their clients. Any NRI can invest in Indian share market through a NRI account in Prabhudas Lilladher. It has a wide range of products and services which makes it unique stockbroker.
Prabhudas Lilladher Brokerage Charges
Prabhudas Lilladher charges different brokerage on different segments per executed order on buying and selling of shares. Brokerage charges are very transparent without any hidden charges.
Segment | Brokerage |
Equity Delivery | 0.10% |
Equity Intraday | 0.01% |
Equity Futures | 0.01% |
Equity Options | Rs.20 per lot |
Currency Futures | 0.01% |
Currency Options | Rs.10 per lot |
Commodity Futures | 0.01% |
Commodity Options | 0.01% |
Prabhudas Lilladher Account Opening Charges
Prabhudas Lilladher is fully dedicated to provide you extraordinary services in affordable price.
Type of Account | Charges |
Demat Account | Rs.0 |
Trading Account | Rs.0 |
Demat Account AMC | Rs.250, free for first year |
Trading Account AMC | Rs.0 |
Prabhudas Lilladher Trading Taxes
Different Taxes | Rates |
Brokerage |
|
STT |
|
Transaction Charges |
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GST | 18% (Brokerage+Transaction+SEBI charges) |
SEBI Charges | 0.00005% (Rs.5/crore) |
Stamp Charges | (On Buy Side Only)
|
Prabhudas Lilladher Margin
Prabhudas Lilladher offers leverage facility to their clients. It offers very handsome margin on different segments. With the help of Prabhudas Lilladher Margin facility, a trader can trade more to increase the financial statement.
Segment | Margin |
Equity Delivery | 2-5 times @ interest |
Equity Futures | 2-5 times for Intraday |
Equity Options | No leverage for buying, shorting upto 2-5 times for Intraday |
Currency Futures | Upto 2 times for Intraday |
Currency Options | No leverage for buying, shorting up to 2-5 times for Intraday |
Commodity | Upto 2 times for intraday |
Prabhudas Lilladher Trading Software & Tools
Prabhudas Lilladher offers many trading software and tools which you can access from any place across India by using your smartphone or computer.
• Tradeplus- Tradeplus is a web-trading platform through which you can invest in equity, derivative, commodity, mutual funds, IPO and in many other segments.
• Strategyshop- Strategyshop is the store of investing and trading strategies which is very beneficial to understand the market trends.
• TradeClue- Tradeclue has in-built technical charts to analyse the market. You will get daily alerts and guidance.
• Automated Strategies- Automated strategies is the store of algo trading strategies through which you can trade while sleeping.
Advantages & Disadvantages of Prabhudas Lilladher
Advantages
• Enables you to invest in US stocks like Amazon, eBay, Tesla etc.
• Any NRI can invest in Indian share market through this platform.
• Free demat/trading account opening.
• Handsome margin exposure.
• Research and tips available for clients.
• Free trading software and tools.
• No hidden charges.
Disadvantages
• Customer support service can be improved.
• Pricing and brokerage is not showing in the web page.
Frequently Asked Question
No, short selling is not permitted for an NRI. An NRI investor has to take delivery of shares purchased and give delivery of shares sold.
Prabhudas Lilladher levies an interest of 18% per annum on delayed payments and charges are debited to client DP ledger amount.
PIS stands for Portfolio Investment Scheme which allows NRIs to invest in shares of Indian companies.
Yes, collect account opening form from our representative near to your area, fill that form along with documents submit that form to our representative.
No, only a residing citizen of India are allowed to invest in currency derivative segment as defined in Section 2(V) of FEMA Act 1999.
No, only one name can be registered with trading account. You can open demat account with joint holders.
Max limit for IPO application is 2 lakhs per transaction on UPI.