Compositedge Review
Compositedge is a subsidiary brokerage firm of Composite Investments Pvt Ltd, also known as CIPL. It is mostly famous because of its flat charge brokerage plans. The financial firm came into existence in the year 1997.
It is an online discount brokerage firm that started its first services in the city Bangalore, Karnataka.
It was founded by Mr. Mukesh Patel, Mr. Satish Dutt, and Mr. Brijesh Patel. Moreover, Mr. Mukesh Patel is the Chairman and CEO, where Mr. Satish Kumar Dutt is the Managing Director, and Mr. Brijesh Patel is the Director of the firm.
The Compositedge review you will come to know about a variety of online trading services to buy and sell stocks, mutual funds, and options. The broker is registered with its own DP licensed with CDSL.
The investment broker holds an experience of more than 16+ years. It mainly offers its services in the Indian state, Karnataka. Well, surprisingly, it is very rare to find a company that managed to grow so fast within this short period.
The team is very passionate about its work and offering in the field of Stockbroking, and their dedicated work helped the firm to achieve fame and recognition.
The brokerage firm offers a variety of services, including both in trading and investment sectors. Here are some examples mentioned below:
- Equity Trading
- Currency Trading
- Futures Trading
- Options Trading
- Mutual Funds
- Intraday Trading
- Depository Services
- Algo Trading
- Commodity Trading
Compositedge Trading Platforms
The Trader Workstation (TWS)
The Trader Workstation is the renamed version of NOW Trader. It is fully developed by NOW and customized as per CompositeEdge with a legal license for operation.
This windows-based installable trading application is suitable for high-frequency traders.
Some best features of The Trader Workstation are:
- Multiple market watch list profiles
- Scrip properties, option calculator and many other tools integrated
- It allows the user to use holding securities facilities from the holding window.
- Additional tools like yield calculator, Format Editor, and Security set an alert.
- Trade segment comparison feature.
The Protrader
Protrader is one of the fastest and powerful trading platforms developed by PFSOFT. It offers full personalized and customized features with progressive modularity enhancements.
The platform meets all the specific needs of the demanding traders. It offers the best charting and analytical functionality with the right ways to make decisions.
Here are some best features of Pro Trader:
- It comes with fully customizable panel linking and multiple workspaces facilities.
- It includes a variety of charting types and styles
- Symbolic and price scales
- Selection of flexible time frame facility
- Market depth trading
- Scalper fast Trading
- Advanced drawing tools
- Algo-Trading feature embedded.
NSE Mobile Trading
It is the official mobile trading application offered by the broker but initially developed by NSE. It is one of the most advanced trading applications to provide the best on the trade experience. The application offers comprehensive trading with market monitoring features.
Let’s check out some best features of NSE Mobile Trading Application:
- Real-time streaming quotes
- Simplest trading interface for best user experience
- Easy hassle free trading with any time, anywhere trade facility.
- Multiple trade chart browsing facility
- Viewing trade position
- Order status monitoring
Compositedge Customer Care, Support, and Office Addresses.
If you are a trader, then you must be acquainted with trade-related issues and concerns. The problems come in multiple ways, like online trading queries or difficulties in operating trade platforms.
The broker offers various customer services communication channels, including:
- Over Phone
- Via Email
- Online chat
- Offline support
Here are the detailed addresses with all additional support contact options given below:
| Corporate Address 1 | 30/1, 3rd Floor. S.J. Towers, Mission Road, Bengaluru, Karnataka 560027 |
| Contact Number | +91 8041145828 |
| Corporate Address 2 | 54, Poornimanilaya,2nd Main Rd,Jayanagar,Mysuru, Karnataka 570014 |
| Contact number | +91 8212460903 |
| Corporate Address 3 | 201,Esteem Plaza,2nd Floor,Sadashivnagar, Bangalore 560080 |
| Contact Details | +91 8041531916 |
| Email IDs | [email protected] [email protected] |
| Official Websites | www.compositeinvestments.com www.compositedge.com |
Compositedge Pricing And Charges
Compositedge Account Opening Charges
It is quite natural that every financial brokerage firm charges more or less charge for the opening of Trading and DEMAT Account.
Here are the charges levied by the broker mentioned below:
| Segments | Opening Charges |
| One Time Trading Account Opening Charges | Rs. 400 For Online Application Rs. 500 For On Request Application |
| One Time DEMAT Account Opening Charges | Rs. 100 |
| Annual Maintenance Charges For Trading Account | NIL |
| Annual Maintenance Charges For DEMAT Account | Rs. 300/ year |
| Opening account charge for commodity | Rs. 400 For Online Application Rs. 500 For On Request Application |
The broker charges Rs. 400 for opening an account for trading and Rs. 100 for opening an account for DEMAT Moreover, the charges for commodity Account opening are Rs. 400 for online-based account opening process and Rs. 500 for offline Process.
Lastly, the AMC for Trading account is free and the Rs.300/year for DEMAT Account.
I. Compositedge Brokerage Charges
Basic Trading Brokerage Charges
It is the basic trading brokerage charges or the minimum charges a trader has to pay per trade. Let’s check out the list offered below:
| Trade Segments | Brokerage Charges (Lowest Rate Will Be Considered) |
| Equity Delivery | Rs. 15 /trade or 0.06 percent |
| Equity Options | Rs. 15 /trade or 0.006 percent |
| Equity Intraday | Rs. 15 /trade or 0.006 percent |
| Equity Futures | Rs. 15 /trade or 0.006 percent |
| Currency Options | Rs. 15 /trade or 0.006 percent |
| Currency Future | Rs. 15 /trade or 0.006 percent |
This online discount broker offers a basic flat brokerage rate of Rs. 15 per trade performed. The brokerage charge is independent of the trade segments.
II. Compositedge Brokerage Charge in Details
1. For Equity Delivery Based Trade
Here are the details of the brokerage charges for Equity Delivery Trade:
| Segments | Charges |
| Brokerage Rate | Rs. 15 per trade or 0.006% (lowest charge will be considered) |
| Transaction Or Turnover Charges | For BSE – Rs. 450 per CroreFor NSE – Rs. 450 per Crore |
| SEBI Charges | Rs. 10 per Crore |
| STT | 0.1 percent on both buying and Selling |
| Goods And Services Tax | 18% charge on Transaction +Brokerage Charge |
| Stamp Charges | Rs. 50 at maximum or 0.01% depending upon the state of trade |
2. For Equity Intraday Based Trade
Here are the details of the brokerage charges for Equity Intraday Trade:
| Segments | Charges |
| Brokerage rate | Rs. 15 per trade or 0.006% (lowest cost will be considered) |
| Transaction or Turnover charges | For BSE – Rs. 450 per CroreFor NSE – Rs. 450 per Crore |
| SEBI Charges | Rs. 10 per Crore |
| STT | 0.025 percent only for selling |
| Goods and Services Tax | 18% charge on Transaction +Brokerage Charge |
| Stamp Charges | Rs. 50 at maximum or 0.01% depending upon the state of trade |
3. For Equity Future Based Trade
Here are the details of the brokerage charges for Equity Future Trade:
| Segments | Charges |
| Brokerage rate | Rs. 15 per trade or 0.006% (lowest cost will be considered) |
| Transaction or Turnover charges | For BSE – Rs. 250 per CroreFor NSE – Rs. 450 per Crore |
| SEBI Charges | Rs. 10 per Crore |
| STT | 0.017 percent only on selling |
| Goods and Services Tax | 18% charge on Transaction +Brokerage Charge |
| Stamp Charges | Rs. 50 at maximum or 0.01% depending upon the state of trade |
4. For Equity Options Based Trade
Here are the details of the brokerage charges for Equity Options Trade:
| Segments | Charges |
| Brokerage rate | Rs. 15 per trade or 0.006% (lowest cost will be considered) |
| Transaction or Turnover charges | For BSE – Rs. 2000/ crore (Premium)For NSE – Rs. 7500/ crore (Premium) |
| SEBI Charges | Rs. 10 per Crore |
| STT | 0.017 percent only on selling and with active premium |
| Goods and Services Tax | 18% charge on Transaction +Brokerage Charge |
| Stamp Charges | Rs. 50 at maximum or 0.01% depending upon the state of trade |
5. For Currency Futures Based Trade
Here are the details of the brokerage charges for Currency Futures Trade:
| Segments | Charges |
| Brokerage rate | Rs. 15 per trade or 0.006% (lowest cost will be considered) |
| Transaction or Turnover charges | Rs. 300 per Crore |
| SEBI Charges | Rs. 10 per Crore |
| STT | NIL |
| Goods and Services Tax | 18% charge on Transaction +Brokerage Charge |
| Stamp Charges | Rs. 50 at maximum or 0.01% depending upon the state of trade |
6. For Currency Options Based Trade
Here are the details of the brokerage charges for Currency Options Trade:
| Segments | Charges |
| Brokerage rate | Rs. 15 per trade or 0.006% (lowest cost will be considered) |
| Transaction or Turnover charges | Rs. 7000 per Crore on Premium |
| SEBI Charges | NIL |
| STT | NIL |
| Goods and Services Tax | 18% charge on Transaction +Brokerage Charge |
| Stamp Charges | Rs. 50 at maximum or 0.01% depending upon the state of trade |
III. Compositedge Transaction Charges
In this table, we had mentioned all the transaction charges levied by the broker to its clients:
| Segments | Transaction Charges |
| Equity Intraday | Rs. 375 per Crore |
| Equity delivery | Rs. 375 per Crore |
| Equity futures | Rs. 375 per Crore |
| Equity Options | Rs. 7500 per Crore |
| Currency Options | Rs. 7000 per Crore |
| Currency Futures | Rs. 300 per Crore |
The transaction charges of Rs. 375 per Crore for Equity Intraday, Equity Delivery, and Equity Futures.
The broker charges Rs. 7500/Crore for Equity Options, Rs. 7000/Crore for Currency Options and Rs. 300/Crore for Currency Futures.
IV. Compositedge Other Charges
Every brokerage firm comes with a variety of additional charges other than its brokerage charges. Here you will get almost all details of charges imposed by the broker on its users.
| Segments | Charges |
| Paper-based Account Statements | Rs. 50 |
| Paper-Based Duplicate Trade Confirmation | Rs. 50 |
| Paper-based Duplicate Account Statement | Rs. 50 |
| Bounce Charges of Cheques | Rs. 100 |
| Payout Charges of funds | Rs. 0 |
| Online Funds Transfer to the company | Rs. 15 / transaction |
| Broker Assisted Traders | Rs. 25 /trade |
| Online trade Confirmation | Rs. 0 |
| Online Account Statement | Rs. 0 |
| Cheque withdrawal charges | Free but courier charges of Rs. 30 is charged |
| Account Closing Charges | Rs. 0 |
| Physical Contract Note | Rs. 50 per contract |
| Any Other Statements | Rs 50 per request |
| Account Maintenance Charges | Rs. 0 |
| DP Charges | For Buying – Rs. 10 or 0.02% (higher will be considered) For Selling – Rs. 10 or 0.03% (higher will be considered) + Rs. 5.50 |
Well, there are varieties of additional charges, but it’s all up to the trader how efficiently he/she handles to minimize the additional charges. If you plan accordingly, you can omit 60% to 70% of the above-mentioned charges.
Compositedge Margin and Exposure
Nowadays, it’s quite impossible to trade without margin or exposure. As it offers the best short term returns, though it comes with various risky elements too.
Here are the details of the exposure and margin offered by the broker:
| Segments | Margin or Exposure |
| Equity Intraday | Up to 5 times leverage |
| Equity Delivery | Up to 2 times Exposure |
| Equity Options | Up to 3 times exposure |
| Equity Futures | Up to 3 times margin |
| Commodity | Up to 2 times margin |
| Currency Futures | Up to 2 times exposure |
| Currency Options | Up to 2 times Leverage |
The online discount stockbroker offers up to 2 times exposure for both Currency Futures and Currency Options.
While considering the Equity Futures and options, the broker offers maximum leverage of 3 times.
Lastly, for the case of Equity intraday, the leverage is around 5 times; for Equity delivery, it is two times and is the same for commodity too.
Compositedge Comparison with its Closest Competitor.
I. Compositedge Comparison With Closet Discount Brokers
| Broker | 5paisa | Upstox | Composite Edge Investment | Zerodha |
| Service Type | Online Discount Stock Broker | Online Discount Stock Broker | The discount based brokerage firm | Online Discount Stock Broker |
| Brokerage Range | A fixed charge of Rs. 10 | Rs. 20 (Fixed basis) | Rs. 18 | A fixed fee of Rs. 20 |
| Account Type | 2 in 1 (Trading and DEMAT) | 2 in 1 (Trading and DEMAT) | 2 in 1 (DEMAT and Trading Account) | 2 in 1 (Trading and DEMAT) |
| Equity Delivery | Rs. 10 (Fixed) | Rs. 0 or no charge | Rs. 15 or 0.06 percent (lowest will be considered) | Rs. 0 |
| Equity Intraday | A fixed cost of Rs. 10 | Rs. 20 or 0.01% (lowest will be preferred) | Rs. 15 or 0.006 percent (lowest will be considered) | Rs. 20 or 0.01% (lowest will be preferred) |
| Equity Futures | Rs. 10 (Fixed) | Rs. 20 or 0.01% (lowest will be preferred) | Rs. 15 or 0.006 percent (lowest will be considered) | Rs. 20 or 0.01% (lowest will be preferred) |
| Equity options | Rs. 10 (Fixed) | Rs. 20 (Fixed Basis) | Rs. 15 (fixed basis) | Rs. 20 (Fixed) |
| CommodityOption | Rs. 10 (Fixed) | Rs. 20 (Fixed Basis) | Rs. 15 (fixed basis) | Rs. 20 (Fixed) |
| Currency futures | Rs. 10 (Fixed) | Rs. 20 or 0.01% (lowest will be preferred) | Rs. 15 or 0.006 percent (lowest will be considered) | Rs. 20 or 0.01% (lowest will be preferred) |
| Currency options | Rs. 10 (Fixed) | Rs. 20 (Fixed) | Fixed Charge of Rs. 15 | Rs. 20 (Fixed) |
| Rating | 4.0 out of 5 | out of 5 | 3.6 out of 5.0 | 4.3 out of 5 |
II. Compositedge Comparison with Closet Full Service Broker.
| Broker | CompositeEdge Investment | Sharekhan Online Trading | Angel broking online trade | Edelweiss financial service Ltd |
| Service Type | The discount based brokerage firm | The financial firm offers full-service broking | The financial firm offers full-service broking | The financial firm offers full-service broking |
| Brokerage Range | Rs. 18 | The percentage ranging from 0.10 percent to 0.50 percent based on trade order | Varies from Rs. 15 to Rs.30 depending upon the segment | Varies from Rs. 10 to 0.5% depending upon the segment |
| Account Type | 2 in 1 (DEMAT and Trading Account) | 2 in 1 (Trading and DEMAT) | 2 in 1(Trading and DEMAT) | 2 in 1 (Trading and DEMAT) |
| Equity Delivery | Rs. 15 or 0.06 percent (lowest will be considered) | 0.5% or 50 paise (lowest will be considered) | If under Rs. 50,000 then Rs. 15 will be chargedIf above Rs. 50,000 then Rs. 30 will be charged | Rs.10 or 0.01% (lowest will be considered) |
| Equity Intraday | Rs. 15 or 0.006 percent (lowest will be considered) | 0.1% or 10 paise (lowest will be considered) | If under Rs. 50,000 then Rs. 15 will be chargedIf above Rs. 50,000 then Rs. 30 will be charged | Rs.10 or 0.01% (lowest will be considered) |
| Equity Futures | Rs. 15 or 0.006 percent (lowest will be considered) | 0.1% or 10 paise (lowest will be considered) | Rs. 30 (fixed Charge) | Rs.10 or 0.01% (lowest will be considered) |
| Equity Options | Fixed charge of Rs. 15 | Rs. 250 only or 2.5 percent of the premium (higher value will be considered) | Rs. 30 (fixed Charge) | Rs. 10 (fixed Charge) |
| Commodity | A fixed charge of Rs. 15 | The charge varies from 0.1 percent or Rs. 0.10 (lowest will be considered) | Rs. 30 (fixed Charge) | Not Applicable |
| Currency futures | Rs. 15 or 0.006 percent (lowest will be considered) | 0.1% or Rs. 0.10 (lowest will be considered) | Rs. 30 (fixed Charge) | Rs.10 or 0.01% (lowest will be considered) |
| Currency options | Fixed Charge of Rs. 15 | Rs. 250 only or 2.5 percent of the premium (higher value will be considered) | Rs. 30 (fixed Charge) | Rs. 10 (fixed charge) |
| Rating | 3.6 out of 5.0 | 4.0 out of 5 | 4.3 out of 5 | 4.1 out of 5 |
Compositedge Customer Complaints received at BSE/NSE
Here are some critical unsolved complaints raised by the clients against composite Investment Pvt Ltd brokerage firm. The complaints mentioned below offers the summary of the issues submitted to the trade exchanges for resolution.
| Trade Exchange | Financial Year | Total Number Of Active Investors | Total Number Of Complaints Raised |
| NSE | 2018-19 | 1,452 | 1 |
| NSE | 2016-17 | 1,515 | 1 |
| NSE | 2015-16 | 1,422 | 1 |
| NSE | 2013-14 | 970 | 1 |
Compositedge Benefits and Drawbacks
Benefits
- The broker offers a fixed flat fee brokerage charge of Rs. 15 per trade.
- The fund transfer fees from all popular banks are free via their NOW trading platform.
- No minimum margin money is needed in order to start trading and can be closed without any penalty charge.
- No mandatory prepaid plans are needed to grab the benefits of flat fee brokerage.
- The quickest one-day trade account opening feature.
- Experienced brokerage firm with more than 15+ years.
- The broker offers advanced editable PDFs form for account opening.
- The financial firm offers a fully automated Algo trading feature to clients.
Drawbacks
- The stockbroker doesn’t offer any 3 in 1 account facility.
- The broker is only limited to offer its offline services within the city of Bangalore.
- The nationwide presence of the stockbroker is not that effective and offers less exposure to most of the valuable traders.
- There are many hidden which are not transparent to its clients.
Conclusion
Compositedge offers the best online discount brokerage services. It is mainly meant for those traders who are active and knowledgeable. The trading platforms and tools provided by the stockbroker are super optimized to turn any trade into a successful one.
In the Compositedge review, we had mentioned all the trading services, including other investment options like Mutual funds and IPOs. However, Compositedge Financial Firm is not the cheapest broker out in the market but still offers a balanced all-rounder trading platforms and services for better online and on the trade.
Compositedge FAQs
Q1. What is the charge for the physical contract note?
Ans. Rs. 50/contract is the charge for physical Contract note.
Q2. Is there any margin Compositedge offers for Equity intraday?
Ans. Compositedge offers up to 5 times the margin.
Q3. Is there any margin Compositedge offers for Equity Delivery?
Ans. Up to 2 times, the margin is offered by Compositedge.
Q4. Is there any margin Compositedge offers for Equity options?
Ans. Up to 3 times, the margin is offered by Compositedge.
Q5. Is there any margin Compositedge offers for Commodity?
Ans. Up to 2 times, margin is offered by Compositedge.
