Full Service Broker Depository: CDSL & NSDL
4

A full-service broker offering broking services along with financial and advisory services. Their additional services include wealth management, investment banking, corporate advisory, etc.

Product Basket

The segments in which you can invest (includes Equity, Commodity, Currency, Futures and Options) through this broker

Equity
Commodity
Currency
Futures
Options
Brokerage Plans (Single Plan)

1 or more plans offered by this broker, which outlines, Account opening and maintenance fees charged by this broker, Brokerage charges and Margins provided. Use plan switcher to see the difference in offerings, if multiple plans are available.

Charges

Account Opening Charges

Free

Account Maintenance Charges

₹ 450

Call & Trade Charges

Free
Brokerage

Equity Delivery Brokerage

0.50%

Equity Intraday Brokerage

0.10%

Equity Futures Brokerage

0.10%

Equity Options Brokerage

₹ 40

Currency Futures Brokerage

0.02%

Currency Options Brokerage

₹ 25

Commodity Futures Brokerage

0.02%

Commodity Options Brokerage

₹ 25
Margins

Equity Delivery Margin

5x

Equity Intraday Margin

15x

Equity Futures Margin

2x

Equity Options Margin

1x

Currency Futures Margin

4x

Currency Options Margin

1x

Commodity Futures Margin

3x

Commodity Options Margin

1x
Trading Platforms Learn More

Set of software & applications offered by the broker for executing buy and sell orders online. These are names of their portals and mobile apps, for full desc- Full Platform Details.

Trade Mobi Trade Xpress+
Pros

Advantages and Strengths of this broker.

  1. Allows online investment in IPOs, Mutual Funds, Bonds, General Insurance, all from a single website.
  2. Call & trade is free of cost.
  3. Provides free research, technical reports and trading calls.
  4. Provides loan against shares and corporate FDs as well.
  5. NRI customers can also open accounts with Anand Rathi.
Cons

Disadvantages of this broker that it needs to improve upon.

  1. Brokerage is quite high and non-negotiable.
  2. They charge extra for their featured products and services.
  3. They do not provide direct mutual fund plans.
  4. Trade Xpro & Trade Lite can not be accessed by the customers.
Additional Features

Extra features provided by the broker at little or no extra cost. Like research reports, SMS alerts etc.

3 in 1 Account
Free Trading Calls
Free Research Reports
SMS Alerts
Margin Funding
Margin Against Share
Other Investment Options

Services provided by the broker for investing in other financial assets such as Mutual funds, Insurance, Bonds etc.

Mutual Funds
IPO Platform
Bonds & Debt
Exchange Traded Funds
Insurance
Finology Ratings & Reviews for Anand Rathi

Ratings are provided based on customer service, usability, charges and overall average. Reviews are based on positive and negative aspects of the broker that help you understand this broker better.

Charges

(2)

Usability

(2)

Customer Service

(3.5)

Charges Review

  • The brokerage charges are moderate as compared to other full-service brokers.
  • These charges are negotiable only if you are a trader. Equity delivery is not free but dedicated RM is available.
  • Anand Rathi provides various platforms that can be used for different types of investment instruments with an extra fee.
  • They also offer loans against shares.

Customer Service Review

  • Anand Rathi provides support over both call & email.
  • As per customer reviews, the support is prompt.
  • They also provide chat support but ticket raising option is not available.
  • They have physical branches present in most of the cities.

Ease of Use Review

  • The trading platforms are user friendly and easy to navigate.
  • The mobile application is light and fast and works with slow internet as well.
  • The platforms also feature relevant market and trading updates for the traders.
  • Anand Rathi provides numerous online platforms but few of them are not accessible to customers.

Account Opening Procedure Review

  • For individual accounts, the online account opening process is time taking.
  • Physical copy of POA form also needs to be submitted mandatorily.
  • The offline account opening process is tedious as well.
  • NRIs interested in investing in Indian market can open an account with Anand Rathi.

Why Choose Anand Rathi? Know Everything about Anand Rathi here.

Verdict

Anand Rathi provides advanced trading tools for traders. They provide various platforms based on investment instruments. Equity delivery is chargeable. Their brokerage charges are negotiable only if you are a trader. Offers margin trading facility which makes it more suitable for traders.

If you are a trader, the broker provides you with

  • Free technical reports for short-term and intraday trading.

  • Free reports on Futures & Options to form derivative strategies.

  • A high-tech platform with advanced features and comprehensive market information.

If you are an investor, the broker provides you with

  • Provides Investment advisory services

  • Provides free research reports to facilitate decision making.

  • It is an integrated investment house that provides all kinds of financial services under one roof (like wealth management solutions for HNIs).

Trading Tools

Trade Mobi

Trade Mobi is a mobile application that allows customers to manage trades instantly. It supports all segments and also provides access to global market indicators, real-time data & charts to analyze stocks with historic and current data. It also provides features like Market Watch and Dynamic rates to ensure that customers stay updated.

Trade Xpress+

This is a browser-based platform designed for active traders that also provides advanced trading tools (such as placing orders through charts). It provides comprehensive market insights for gainer/losers, research modules, and research reports for all the segments backed by technical & fundamental analysis. It is equipped with an “Analytic Engine” that helps in better decision making.
 

Charges Details

For Equity

CHARGES

DELIVERY

INTRADAY

FUTURES

OPTIONS

Transaction Charges

0.00325% - NSE

0.00325% - NSE

0.0019% - NSE

0.05% - NSE

Demat Transaction Charges 

Sell side, ₹ 18.5 per scrip 

-

-

-

Clearing Charges

-

-

0.0002% - NSE

0.005% - NSE

GST

18% on Brokerage + Transaction + Demat Charges

18% on Brokerage + Transaction

18% on Brokerage + Transaction + Clearing Charges

18% on Brokerage + Transaction + Clearing Charges

STT

₹ 100 per Lacs 

Sell side, ₹ 25 per Lacs 

Sell side, ₹ 10 per Lacs 

Sell side, ₹ 50 per Lacs 

SEBI Charges

₹ 15 per crore

₹ 15 per crore

₹ 15 per crore

₹ 15 per crore

For Commodity

CHARGES

FUTURES

OPTIONS

Transaction Charges

0.0026% Non-Agri

-

Clearing Charges

0.00%

0.00%

GST

18% on Brokerage + Transaction

18% on Brokerage + Transaction

STT

Sell side, 0.01% - Non Agri 

Sell side, 0.05%

SEBI Charges

₹ 15 per crore

₹ 15 per crore

For Currency

CHARGES

FUTURES

OPTIONS

Transaction Charges

0.0009% - NSE
0.00022% - BSE

0.04% - NSE
0.001% - BSE

Clearing Charges

0.0004% - NSE
0.0004% - BSE

0.025% - NSE
0.025% - BSE

GST

18% on Brokerage + Transaction

18% on Brokerage + Transaction

STT

-

-

SEBI Charges

₹ 15 per crore

₹ 15 per crore

Anand Rathi Customer Reviews

Overall Rating

1

Based on 1 reviews

Rating Summary

5
0%
4
0%
3
0%
2
0%
1
100%

Review Analytics

Platform 0 votes

Charges 1 votes

Transparency 0 votes

Features 0 votes

Customer Support 0 votes

mithil jain

(1)

Posted on 19 Dec 2020

Too many charges..... Lack of transparency