Beeline Broking FAQs

Beeline Broking FAQs

Beeline is a Broker trained in offering services of Stock Broking, based out in Ahmedabad, Gujarat, and was established in 2015. The brand promoted by Mr.Vanesh Panchal, Mr.Pradeep Sandhir, and Mrs. Khushbu Shah.

You can find this company headquartered in Ahmedabad and Gandhinagar in Gujarat. The Former is an online Discount Broker offering services for the year 2019. It also provides you with trading and investment services in BSE, NSE, MCX as well as NCDEX.

Beeline Broking General FAQ

Can a DEMAT Account be opened at Beeline for minor son/daughter?

Ans- Yes, opening a DEMAT account is easy and can be opened in a minor child’s name quickly. But the report should be opened by a guardian like- parents or immediate grandparents/guardians of the child. The person opening the story should also provide supporting documents concerning their identity. Traders trading in equity delivery are eligible for opening an account on the minor’s name while customers trading in future or option restrained for opening a DEMAT account in the name of the child.  

What is the maximum number of joint holders for one Demat account?

Ans- There can be a maximum of three joint holders for one DEMAT. So at max. You can only have three joint shareholders against one DEMAT Account. 

Can we open a DEMAT account in the name of a limited liability partnership?

Ans- Yes you can open a DEMAT account in the name of LLP or a registered company.

Is Pancard Compulsory To Open Beeline Account?

Ans- PAN Card is a mandatory Detail that needs to be shared while opening an account with Beeline. So you can start with the same.

What are the trading platforms and trading software Beeline uses?

Ans- Trading platforms offered by Beeline are as follows-NSE Now and ODIN. The former software used as the installable trading terminal can link with the website as well as a mobile application. Whereas if we talk about the later, it’s only a trading terminal, not for a website or mobile app.

Do you get any other investment options available with Beeline?

Ans- When we talk about the investment options with Beeline, then we need to understand that when you choose Beeline as your investment partner, you can invest in the following- equity, derivatives, currency derivative, a commodity, as well as insurance.

What is the currency derivatives (options) brokerage charges?

Ans- Yes, opting for this, you need to pay Rs. 18 per currency derivative as brokerage charge. So with beeline, you can also trade in currency derivatives- option.

Do you get Beeline currency derivatives (Future) brokerage charges?

Ans- Yes, opting for this, you need to pay Rs. 18 for currency future. So, with beeline, you can also trade in currency derivatives- future.

What is the Transaction charge with Beeline for equity delivery trading?

Ans- While trading in equity delivery with Beeline, you need to pay Rs. 325 per crore 0.00325%, & for BSE, you need to pay Rs. 275 per crore 0.00275% on both sides.

What is the Beeline transaction Charges for Equity Options Trading?

Ans- For Equity Option trading its very important to know what are the transaction charges of Beeline. 

What is the Beeline Transaction Charges for Equity Derivatives Trading?

Ans- For Equity Delivery trading, you need to pay a transaction charge for NSE Rs. 325 per crore (0.00325%) and BSE Rs. 275 per crore, which is (0.00275%).

Beeline transaction charges for currency option and future derivatives?

Ans- For trading in currency with Beeline, it’s essential to know what is the necessary cost for trading in currency derivative. You get to pay 18 per executed order for every currency option or future derivative.

Which trading platform and software is used by Beeline?

Ans- If we talk about the trading platform it offers, and then it’s essential to know what this broker offers. So with Beeline, you get access to NSE now ad ODIN.

Can a Minor Open a Beeline Account?

Ans- When we talk about the minor account opening Both DEMAT and trading accounts can open in a minor’s name. So, consideration can open in their name, but the same has to be operated by the Guardian, who can be his close family members like- mother and father. All you need to attach is the PAN card of the legal guardian.

Is it possible to apply for an IPO through Beeline?

Ans- Yes, you can apply to IPO through Beeline as “all you need to do is provide Beeline DEMAT Account” details and get started with your journey to trade via bank website as well.

Is it possible to buy or trade in Bonds and NCD with Beeline?

Ans- Yes, you can buy or trade-in bonds as well as NCDs with “Beeline.”

Is it possible to place Good Till Cancelled (GTC) orders though Beeline?

Ans- With Beeline, you cannot place GTC order, here orders remain in the system until it’s canceled or executed by the investor.

Can we perform algo trading with Beeline?

Ans- No, Beeline doesn’t perform algo trading and so it’s not offered by this broker. 

Do Beeline offer BTST and STBT orders?

Ans- Yes, BTST- buy today sell tomorrow and STBT- sell today buy tomorrow is offered by this broker. So you can go for this broker when you are seeking to trade in such orders. 

Can you get 24*7 customer service at Beeline?

Ans- No, Beeline is not into providing customer service; therefore, you don’t get this feature with this broker.

Do you get after trading hours order with Beeline or after-market order (AMO) or off-market orders?

Ans- No, Beeline does not provide AMO or off-market orders as it restricts the investor from trading after trading hours. The timing of aftermarket order varies as we move from broker to broker. So you can place orders between “3.30 pm to 9.00 am” on trading day. And you also get 24 hours in the non-trading day, be it weekends or trading holidays.

Do you get Buy Today Sell Tomorrow (BTST) order with Beeline?

Ans- Yes, this feature offered by this broker, so if you wish to avail of this trading option, you can go for this as well. So with beeline, it is possible to have a BTST order.

Do you get commodity trading option at Beeline?

Ans- Yes, with Beeline, it’s possible to expect commodity trading that will help you in offering commodity trading options.

Does Beeline offer a cover order?

Ans- Concerning the Cover order trading, beeline does not offer that, so if you have been expecting this, you should step back if you are seeking to trade with beeline.

Does Beeline offer currency derivative trading?

Ans- Yes, you can trade in currency derivatives when you choose a beeline broker over other brokers for trading.

Does Beeline offer customer service through local branch offices?

Ans- When you choose Beeline over other brokers, you don’t get customer service through a branch office, franchise as well as partner.

Does Beeline offer equity (share) trading?

Ans- Yes, you can trade-in equity with beeline and avail the benefit of equity trading.

Does Beeline offer margin funding for share/commodity trading?

Ans- With Beeline you don’t get any margin funding when you trade in shares or commodity with Beeline.

Can Beeline offer an order type bracket order (BO)?

Ans- No beeline as a broker does not deal with bracket order and offer you the services you need. 

Can Beeline offer order type sell today buy tomorrow (STBT)?

Ans- Yes, beeline offers you with sell today and buy feature tomorrow. So you can perform this kind of transaction as well.

Can Beeline offer to invest in Mutual Funds?

Ans- No, buying and selling are not possible with beeline if you trade with them.

Does Beeline allow trading in Forex?

Ans- With Beeline, you don’t get an opportunity in FOREX. We are offering you to trade in NSE, BSE, NCDEX, and MCX. 

Can Beeline offer commodity trading?

Ans-  When you trade-in commodity with beeline and get to pay Rs. 260 per crore for trading in MCX while you need to pay Rs. 400 per crore for NCDEX.

Do you get Beeline offer equity (share) trading?

Ans- Trading in equity provides you with access to Beeline equity trading if you choose Beeline as your investment partner.

Does Beeline support customer service over the phone?

Ans- No, Beeline, as a broker, does not provide any customer support over the phone. So, if you are seeking this feature, know that it is not offered.

Can Beeline provide customer support through Online Chat?

Ans- Yes, with Beeline, you can expect customer support online in the form of online chat.

Do Beeline provide trading tips or investment strategies?

Ans- No Beeline does not provide any free tips related to investment or trading. So if you are aiming that you should shift your broker as this broker does not offer these.

Publishing a daily market research reports is possible at Beeline or not?

Ans- No, you don’t even get daily market research reports. So, if you plan for the same and hold its expectations, then you need to know that Beeline does not publish this kind of news.

Can Future brokerage charged on Beeline?

Ans- When we talk about the future brokerage charge, you need to know that Beeline charges you with Rs. 18 per executed order. 

Is Beeline charging for Demat Account opening?

Ans- There’s no charge for opening a DEMAT account with Beeline. So you can start your investment journey with Beeline and get benefited from the same.

Does Beeline charges for trading account opening?

Ans- When you choose Beeline; you don’t need to pay for opening a trading account.

Does Beeline charges for equity option trading?

Ans- For trading in equity option you need to pay Rs/ 18 for every executed order at Beeline.

How much does Beeline broking charge for intraday (day trading of shares)?

Ans- For equity intraday, Beeline broker charges Rs. 18 for every executed order.

How much does Beeline charges for account opening?

Ans. When you choose Beeline, you come across the following charges. And it broadly includes a list based on the deliverables offered by the Broker-

What is Beeline Demat Account Maintenance Charges (AMC)?

Ans. When you choose Beeline, you need to pay 876 fees as a one time fee, and there’s no need to pay AMC. 

How much is the Beeline AMC for the Trading Account?

Ans. With Beeline, you don’t need to pay AMC for opening a trading account. Therefore, AMC for opening a trading account is nil. 

How much does Beeline charge the minimum brokerage?

Ans. Beeline charge a minimum of Rs. 18 as brokerage. Now you can choose which broker to go for and start your trading journey. 

What is the transaction charge for commodity trading at Beeline?

Ans. For commodity trading in Beeline, it’s essential to have STT charged on intraday sell and F & O trade. STT charged on both sides, and GST is chargeable at 18% of the total cost. While SEBI charge of Rs. 15 per crore is chargeable.

How should you invest in IPO thought, Beeline?

Ans. Trading in Beeline doesn’t allow you to trade in IPO. As you can’t apply in the same. 

Can stock or commodity exchanges in India be traded through Beeline?

Ans. You get to trade in commodity or stock exchange through a group company Beeline as the company registered with SEBI and Stock exchange, so the members of MCX and NCDEX can invest in this type.

Is any Brokerage calculator available with Beeline Online?

Ans. With Beeline, you get a brokerage calculator that allows you to invest in NSE, BSE, NCDEX, and MCX. Its, the discount brokerage plan, is offering unlimited trading in Rs. 18 for every order.

Is Beeline Broking better than ICICI direct?

Ans. ICICI Direct is better than Beeline broker, so if you compare both, you come to know.

Is Beeline broking free?

Ans. It’s a discount broker offering discount stockbroking services. And also providing you with Investment in BSE, NSE, MCX as well as NCDEX. This broker charges Rs. 18 for every executed order. You get a brokerage plan for equity delivery as well as intraday.

Is Beeline broking suitable for beginners?

Ans. Yes, it’s good for brokers trading in this industry.

Is Beeline broking suitable for intraday trading?

Ans. For intraday trading at Beeline you need to pay Rs. 18 for every executed order.

Is Beeline broking suitable for trading?

Ans. Yes, it’s good for trading.

Is Beeline broking legal in India?

Ans. Yes, Beeline broking is legal in India and will offer the service you are looking forward to it.

Is Beeline broking free?

Ans. No beeline is not free, and therefore Rs.18/executed order is charged.

Is Beeline broking safe?

Ans. Yes, its safe and pleasant to operate and offer you the best solutions you are seeking and guide you the way you need.

Is Beeline broking SEBI registered?

Ans. Yes, Beeline broking is SEBI registered and can be trusted when we talk about investment decisions.

Is Demat account mandatory with a trading account at Beeline?

Ans.  Having a DEMAT account is not mandatory, so you can open demat account easily.

Is Mobile Number Mandatory For Beeline Account Opening?

Ans. Yes, it’s necessary to have a mobile number for trading with Beeline.

Do you know what is the Beeline’s annual maintenance charges (AMC) for a trading account?

Ans. AMC is free for the trading account of beeline, while customers are availing yearly plan have to pay one time fees of Rs. 876. 

Do you know what is the Beeline commodity future brokerage charge?

Ans. You need to pay Rs — 18 per executed order for trading in the commodity future.

At Beeline, what is the currency derivatives (future) brokerage charges?

Ans. You need to pay Rs — 18 per executed order for trading in currency derivatives.

Beeline transaction charges for equity delivery trading?

Ans. Beeline’s transaction charge for equity delivery will be payable for NSE worth 325 per crore, which is 0.00325%, and for BSE, its 275 per crore, which is 0.002755 on both sides.

Beeline brokerage charges for equity delivery trading?

Ans. Beeline, as a broker, charges you Rs. 18 per executed order for trading in equity delivery.

At Beeline, what is the equity futures brokerage?

Ans. Beeline, as a broker, charges you Rs. 18 per executed order for trading in equity future.

What is the transaction charge for equity at Beeline?

Ans. For investing in equity futures, you come to know there is a transaction charge for trading in equity futures in NSE Rs. 215 per Cr (0.00215%).

Transaction charges for equity intraday trading (stock day trading) with Beeline?

Ans. For investing in Beeline on stock day trading, you need to pay for NSE Rs. 325 per Cr (0.00325%) and BSE Rs. 275 per Cr (0.00275%) (each side).

With Beeline, what is the intraday square-off time?

Ans. For trading in a beeline, you need to pay square-off intraday trades at 3:15 PM.

What is In-Person verification ( IPV)?

Ans. In-person verification deals with face to face meetings with the investor who is investing in the share market. 

What is the equity delivery trading charge of Beeline?

Ans. For trading in a beeline, you need to pay for equity delivery worth Rs. 18 per executed order.

What Is The Procedure To Modify Details In My Beeline Broking Account?

Ans. For modification of information in your Beeline broking account, you need to ensure you fill a form about amendments you need to do and send a physical copy to the Beeline HQ. 

What is the procedure to open an account with Beeline Broking Ltd.?

Ans. For opening the account, you must fill out a form having your necessary details that also include KYC details and document checklist. 

Which documents are required to open an Individual Account?

Ans. For opening an individual account, you need to share details like-  Passport copy, Voter ID card copy, driving license, bank passbook copy, electricity bill, or telephone bill copy: Id proof, address proof, bank proof, as well as canceled cheque. 

Which documents are required to open an NRI Account?

Ans. For opening an NRI account, you need to submit details like VISA, the foreign passport of NRI, place of birth, copy of PIO/OCI, PIS permission, PAN card, overseas address, proof of bank and depository and photo of the investor, 

Which is better Beeline broking vs. Angel Broking?

Ans. It showcases the significant difference between the functioning of brokers.  

Which is better, Beeline broking vs. sharekhan?

Ans. Sharekhan is better when compared to Beeline.

Which stock and commodity exchange I can trade via Beeline?

Ans. You can trade in BSE, NSE, MCX, NCDEX, as well that will help you trade into the various exchanges.

Which type of stockbroker Beeline is?

Ans. Beeline is a DISCOUNT broker offering investment opportunity as a broker to help investors have the best of their investment decision.

Who is eligible to open a trading account?

Ans. You need to use offline, online, and branch network to open a Trading Account.

Who is the owner of Beeline broking?

Ans. Vanesh Panchal & Pradeep Sandhir are the founders of Beeline Broking.

Why is Beeline broking better?

Ans. You get a customer-friendly brokerage system that will help you deal with investment issues better and trade effectively.

Why is KRA Required for Beeline Account?

Ans. Yes