LKP Securities Review
LKP Securities is a Mumbai based full-service broker. It started offering its services in the year 1948. It operates in more than 2300 locations within the nation. The financial brokerage firm offers its services across 200 major cities of the country. The net worth of the brokerage firm is around ₹158 crores for the last financial year.
The full-service Brokerage house is ISO – 9002 certified company with wide range of products and services to its users. Besides that, the firm is registered with BSE from since 2016.
The Brokerage firm holds an active client base of 27,827 as per 2019 -2020 financial year.
The Full-service brokerage firm holds membership with MCX-SX, NSE, NCDX, BSE and DGCX (Dubai). It offers various type of trading segments including:
- Equity Trading
- Portfolio management System
- Currency Trading
- Commodity Trading
- Mutual Funds’ Investments
- IPOs
- Fixed Income Markets
- Retail based distribution
- Investment Banking services
LKP Securities Trading Platforms and its features
Being a full-service brokerage firm LKP securities offers all types of trading platform including mobile based trading platform, desktop-based trading platform and web-based trading platform.
However, the broker needs to improvise its technology implementation in order to provide good quality user and trading experience. Let’s check out all the trading platforms in details:
TRADE SMART LKP MOBILE APP – The Mobile Based Trading Application
It is a mobile trading application offered by LKP securities to its users. The interface of the mobile application is well optimized for mediocre traders. It offers almost all type of trading segments.
Here are some best features the mobile trading application offers to its users:
- It offers live quotes for equity, commodities and currency markets.
- Users are allowed to personalize the market watch list as per trading preferences.
- The mobile application also allows its users to deal with online fund transfers facility.
- The navigation is very smooth and is easy to operate by beginner trader.
LKP BLUE – The Official Desktop Based Trading Software
It is a desktop based installable trading software. It comes with setup file that the user needs to download and install on their computer or laptop. The application is best suited for users with heavy trading requirements.
The application is feature rich and offers smooth trading experience. The optimization of the application sometimes creates issues to is clients. However, that can be eliminated with software updates.
Here are some features that you must know about the LKP BLUE:
- The software allows its users to transfer funds directly via a inbuilt module named Paynetz.
- Being a trader, you are allowed to manage trade entries and modify setting when needed.
- It offers its users to monitor multiple market watchlist on real-time basis.
- It also comes with squaring off provision facility.
LKP BOSS – The Official Backoffice Portal
It is a service-based allocation for its users. It allows the clients of LKP securities to manage their trading data. It is a convenient method to use the Backoffice services and features as the user’s choice and preferences.
The service is available at any point of time and offers full transparency to retrieve every single detail of the trading account.
The features the LKP BOSS offers to its users are:
- It offers its users with the facility to manage contract notes, financial reports, daily transaction reports and much more.
- It allows its users to filter and sort trade columns as per trading style and preferences.
- The interface of the software is very user friendly.
LKP Securities Research Report and Advisory Trading Tips
The full-service brokerage firm provides its users with research and advisory reports for better trading outcomes. As trader you need to analyze the trade recommendations and tips as per your need and trading pattern.
The trade recommendations vary from one trader to another as per their trading style and pattern.
The broker offers variety of research reports and advisory services as mentioned below:
- Equity Based Research and Advisory tips
- Yearly research reports
- Daily Derivative reports
- LKP Bytes
- Quarterly research reports
- Global Outlook
- Budget Outlook
- Economic Outlook
- Company Based Reports
- IPO Based Research Reports
- IPO Based Analysis
- Mutual Funds and investment reports
- Daily Currency Reports
- Performance based tracking
- Daily Performance tracking
- Weekly Performance Trading
- Monthly Performance tracking
- Half yearly Performance trading
- Power calls
- Daily Commodity Research Report
LKP Securities Customer Care, Support and Office Addresses
The full-service broker offers its users to multiple customer support communication channels. It includes:
- By Offline branches
- Over Toll free number
- Via Email Support
- Fax service
- Via Phone call
Customer Care Numbers, Office Addresses, and Helpline Emails and Contact Information.
| Registered office Address | 203, Embassy Centre, Nariman Point, Mumbai – 400 021. Tel: +91 22 4002 4785 +91 22 4002 4786. Fax: +91 22 2287 4787. | |
| Corporate Office Address | LKP Securities. 13th Floor, Raheja Centre Building, Nariman Point, Mumbai-400021. Tel: +91 22 66351234. | |
| Customer Care | Toll Free No. | 1-800-3070-3399 |
| Phone No. | +91 9322612121 | |
| For opening Account and Products and Service enquiry | Toll Free No. | 1800-1020-198 |
| Email ID. | [email protected] |
LKP Securities Customer Ratings
The Customer ratings are based on user experience, feedbacks and the real-world services:
| Segments | Ratings |
| User Experience | 5.4 out of 10.0 |
| Research and Advisory Services | 5.2 out of 10.0 |
| Products and Its Services | 5.3 out of 10.0 |
| Brokerage Charges and Plans | 6.4 out of 10.0 |
| Trading Platform and Its Features | 4.2 out of 10.0 |
| Overall Customer Rating | 5.1 out of 10.0 |
LKP Securities Prices and Charges
LKP Securities Account Opening Charges
Here is the detailed information about the LKP securities account opening charges. It includes trading and DEMAT Account Opening charges and its annual maintenances.
| Segments | Charges |
| Opening charges (Trading Account) | Rs.250/- |
| Opening Charges (DEMAT Account) | Rs. 250/- |
| Annual Maintenance Charges (DEMAT Account) | Rs. 220/- per Annum |
| Annual Maintenance Charges (Trading Account) | Rs. 0/- |
LKP Securities Brokerage Charges and Plans
The LKP Securities levied certain brokerage charges from its users for trading in the following mentioned segments:
| Segments | Brokerage Charges |
| Equity Futures Trading | 0.05% |
| Equity Delivery Trading | 0.5% |
| Commodity Trading | Rs.30/- per Lot |
| Equity Intraday Trading | 0.05% |
| Currency Options Trading | Rs.30/- per Lot |
| Equity Options Trading | Rs.50/- per Lot |
| Currency Futures Trading | Rs.30/- per Lot |
LKP Securities Transaction and Other Charges
Apart from the account opening charges and brokerage charges the full-service brokerage also charges for certain transactions. Check out the details below:
| Segments | Charges |
| Equity (Delivery and Cash) Trading | 0.00325% |
| Equity Options Trading | 0.065% on the Premium |
| Currency Options Trading | 0.065% on the Premium |
| Equity Futures Trading | 0.0025% |
| Commodity Trading | 0.0035% |
| Currency Futures Trading | 0.0025% |
| Call and Trade | Rs.0/- per executed Trade |
| DP Transaction Charges | Rs.25/- per debit Transaction |
LKP Securities Margin and Exposure
For trading we all need some or the other form of trade margin for better profit and productivity. So, for that LKP securities offers its clients will following trade margins:
| Segments | Trade Margin and Exposure |
| Equity Intraday Trading | Up to 10 times leverage |
| Equity Options Trading | No Exposure on buying & 2 times leverage on Selling |
| Currency Options Trading | Up to 2 times Leverage |
| Commodity Trading | Up to 2 times exposure |
| Equity Futures Trading | Up to 2 times Margin |
| Equity Delivery Trading | Exposure up to 2 times |
| Currency Futures Trading | Up to 1.5 times Exposure |
Comparison of LKP Securities with Best Brokerage Firms.
LKP Securities Comparison with Closet Discount Brokers
| Name of the share market Firms | LKP Securities | Stoxkart | Upstox | Fyers |
| Type of Accounts Available | Trading and DEMAT Account (2 in 1) | Trading and DEMAT Account (2 in 1) | Trading and DEMAT Account (2 in 1) | Trading and DEMAT Account (2 in 1) |
| Range of Brokerage Charges | 0.05% Or Rs.50/- per Lot | Rs.15/- | Rs.20/- | Rs.20/- |
| Currency Options Trading | Rs.30/- per Lot | Rs.15/- | Rs.20/- | Rs.20/- |
| Commodity Trading | Rs.30/- per Lot | Rs.15/- | Rs.20/- | Not Applicable |
| Equity Options Trading | Rs.50/- per Lot | Rs.15/- | Rs.20/- | Rs.20/- |
| Currency Futures Trading | Rs.30/- per Lot | Rs.15/- | Rs.20/- | Rs.20/- |
| Equity Intraday Trading | 0.05% | Rs.15/- | Rs.20/- | Rs.20/- |
| Equity Delivery Trading | 0.5% | Rs.0/- | Rs.0/- | Rs.0/- |
| Equity Futures Trading | 0.05% | Rs.15/- | Rs.20/- | Rs.20/- |
| Type of Share Broker | A Full-service Share broker | A Discount share broker | A Discount share broker | A Discount share broker |
| Overall Rating | 3.8 out of 5.0 | 4.5 out of 5.0 | 4.3 out of 5.0 | 4.0 out of 5.0 |
Comparison of LKP Securities with top Full-service Brokerage Firms
| Name of the share market Firms | LKP Securities | Edelweiss | Angel Broking | Sharekhan |
| Type of Accounts Available | Trading and DEMAT Account (2 in 1) | Trading and DEMAT Account (2 in 1) | Trading and DEMAT Account (2 in 1) | Trading and DEMAT Account (2 in 1) |
| Range of Brokerage Charges | 0.05% Or Rs.50/- per Lot | 0.5% or Rs.10/- | Rs.15/- to Rs.30/- | 0.10% to 0.50% |
| Currency Options Trading | Rs.30/- per Lot | Rs.10/- | Rs.30/- | 2.5% or Rs.25/- |
| Commodity Trading | Rs.30/- per Lot | Not Applicable | Rs.30/- | Rs.0.10/- or 0.1% |
| Equity Options Trading | Rs.50/- per Lot | 0.01% or Rs.10/- | Rs.30/- | Rs.25/- or 2.5% |
| Currency Futures Trading | Rs.30/- per Lot | Rs.10/- or 0.01% | Rs.30/- | Rs.0.10/- or 0.1% |
| Equity Intraday Trading | 0.05% | 0.01% or Rs.10/- | Rs.15/- for less than Rs. 50,000/- & Rs.30/- for more than Rs.50,000/- | Rs.0.10/- or 0.1% |
| Equity Delivery Trading | 0.5% | 0.01% of Rs.10/- | Rs.15/- for less than Rs. 50,000/- & Rs.30/- for more than Rs.50,000/- | Rs.0.50/- or 0.5% |
| Equity Futures Trading | 0.05% | Rs.10/- or 0.01% | Rs.30/- | 0.1% or Rs.0.10/- |
| Type of Share Broker | A Full-service Share broker | A Full-service Share broker | A Full-service Share broker | A Full-service Share broker |
| Overall Rating | 3.8 out of 5.0 | 4.1 out of 5.0 | 4.3 out of 5.0 | 4.0 out of 5.0 |
LKP Securities Complaints Received at BSE/NSE
The comprehensive information of the complaints that’s been recorded at the trade exchanges. Here are the details of the complaints raised against the LKP securities:
| Exchange | Financial Year | Number of Clients | No. of Complaints |
| NSE | 2020-21 | 25,826 | 6 |
| NSE | 2019-20 | 26,326 | 16 |
| BSE | 2019-20 | 11,920 | 5 |
| NSE | 2018-19 | 28,639 | 24 |
| BSE | 2018-19 | 11,289 | 2 |
| NSE | 2017-18 | 28,952 | 34 |
| BSE | 2017-18 | 19,986 | 11 |
| NSE | 2016-17 | 22,671 | 43 |
| BSE | 2016-17 | 14,696 | 17 |
| NSE | 2015-16 | 21,643 | 85 |
LKP Securities Pros and Cons
LKP Securities Pros
- It is one of the oldest full-service brokerage firm offering all trading segments.
- It is one of the well-known and trusted brokerage firm.
- The broker offers best in class customer services.
- The broker is best for least complaints raised at stock exchanges
- The broker offers great set of trading platforms.
LKP Securities Cons
- The trading platforms offered by the broker are not optimized.
- The brokerage firm must implement best technology for fast order placement.
- The mobile trading application is not good for heavy traders.
Conclusion
The Mumbai based LKP Securities well known for its services and maintained a great balance from last 7 decades. It managed to offer a stable trading platform to its users without any unconventional trading methods.
However, the brokerage firm needs to work on its customer service. If the company managed to reorganize certain aspects then for sure it will become one of the top full service stock broker of the country.
LKP Securities General FAQs
Q1. Does LKP securities offers its customers with mobile trading application?
Ans. Yes, LKP securities offers its customers with mobile trading application.
Q2. Does the mobile trading application of LKP securities is good for heavy traders?
Ans. Yes, the mobile trading application of LKP securities is good for heavy traders.
Q3. Does the trading technology of LKP securities is good enough for fast order placement?
Ans. No, the trading technology of LKP securities is not good enough for fast order placement.
Q4. Does the trading platform of LKP securities are well optimized?
Ans. No, the trading platform of LKP securities are not well optimized.
Q5. Does LKP securities offers its users with variety of trading platforms?
Ans. Yes, LKP securities offers its users with variety of trading platforms.
Q6. Does LKP Securities offers its clients with good quality customer support services?
Ans. Yes, LKP Securities offers its clients with good quality customer support services.
Q7. Is LKP Securities a well-known full-service brokerage firm?
Ans. Yes, LKP Securities is a well-known full-service brokerage firm.
Q8. Is it safe to trust LKP securities for trading?
Ans. Yes, it is safe to Trust LKP securities for trading.
Q9. Does LKP securities offers its customers with trade margin for Equity Intraday?
Ans. Yes, LKP securities offers its customers with trade margin for Equity Intraday.
Q10. Does LKP securities offers its customers with trade margin for Equity Options?
Ans. Yes, LKP securities offers its customers with trade margin for Equity Options.
Q11. Does LKP securities offers its customers with trade margin for Currency Options?
Ans. Yes, LKP securities offers its customers with trade margin for currency options.
Q12. Does LKP securities offers its customers with trade margin for Commodity?
Ans. Yes, LKP securities offers its customers with trade margin for Commodity.
Q13. Does LKP securities offers its customers with trade margin for Equity Futures?
Ans. Yes, LKP securities offers its customers with trade margin for Equity Futures.
Q14. Does LKP securities offers its customers with trade margin for Equity Delivery?
Ans. Yes, LKP securities offers its customers with trade margin for Equity Delivery.
Q15. Does LKP securities offers its customers with trade margin for Currency Futures?
Ans. Yes, LKP securities offers its customers with trade margin for Currency Futures.
Q16. Does LKP securities charges its customers with transaction charges for Equity Delivery?
Ans. Yes, LKP securities charges its customers with transaction charges for Equity Delivery.
Q17. Does LKP securities charges its customers with transaction charges for Equity Cash?
Ans. Yes, LKP securities charges its customers with transaction charges for Equity Cash.
Q18. Does LKP securities charges its customers with transaction charges for Equity Options?
Ans. Yes, LKP securities charges its customers with transaction charges for Equity options.
Q19. Does LKP securities charges its customers with transaction charges for Currency Options?
Ans. Yes, LKP securities charges its customers with transaction charges for Currency Options.
Q20. Does LKP securities charges its customers with transaction charges for Equity Futures?
Ans. Yes, LKP securities charges its customers with transaction charges for Equity Futures.
Q21. Does LKP securities charges its customers with transaction charges for Commodity?
Ans. Yes, LKP securities charges its customers with transaction charges for Commodity.
Q22. Does LKP securities charges its customers with transaction charges for Currency Futures?
Ans. Yes, LKP securities charges its customers with transaction charges for Currency Futures.
Q23. Does LKP securities charges its customers with transaction charges for Call And Trade?
Ans. Yes, LKP securities charges its customers with transaction charges for Call and Trade.
Q24. Does LKP securities charges its customers with transaction charges for Depository participant?
Ans. Yes, LKP securities charges its customers with transaction charges for Depository Participant.
Q25. Does LKP securities charges its customers with brokerage fees for Equity Futures?
Ans. Yes, LKP securities charges its customers with brokerage fees for Equity Futures.
Q26. Does LKP securities charges its customers with brokerage fees for Equity Delivery?
Ans. Yes, LKP securities charges its customers with brokerage fees for Equity delivery.
Q27. Does LKP securities charges its customers with brokerage fees for Commodity?
Ans. Yes, LKP securities charges its customers with brokerage fees for Commodity.
Q28. Does LKP securities charges its customers with brokerage fees for Equity Intraday?
Ans. Yes, LKP securities charges its customers with brokerage fees for Equity Intraday.
Q29. Does LKP securities charges its customers with brokerage fees for Currency Options?
Ans. Yes, LKP securities charges its customers with brokerage fees for Currency Options.
Q30. Does LKP securities charges its customers with brokerage fees for Equity Options?
Ans. Yes, LKP securities charges its customers with brokerage fees for Equity Options.
Q31. Does LKP securities charges its customers with brokerage fees for Currency Futures?
Ans. Yes, LKP securities charges its customers with brokerage fees for Currency Futures.
Q32. Does LKP Securities charges its users for opening a trading Account?
Ans. Yes, LKP Securities charges its users for opening a trading Account.
Q33. Does LKP Securities charges its users for opening a DEMAT Account?
Ans. Yes, LKP Securities charges its users for opening a DEMAT Account.
Q34. Does LKP Securities charges its users for trading Account Annual Maintenance?
Ans. No, LKP Securities doesn’t charges its users for trading Account Annual Maintenance.
Q35. Does LKP Securities charges its users for DEMAT Account Annual Maintenance?
Ans. Yes, LKP Securities charges its users for DEMAT Account Annual Maintenance.
Q36. Does LKP securities offers its users with Offline branches facility?
Ans. Yes, LKP securities offers its users with offline branches facility.
Q37. Does LKP securities offers its users with Toll free number facility?
Ans. Yes, LKP securities offers its users with Toll-free number facility.
Q38. Does LKP securities offers its users with Email Support facility?
Ans. Yes, LKP securities offers its users with Email Support facility.
Q39. Does LKP securities offers its users with fax service facility?
Ans. Yes, LKP securities offers its users with fax service facility.
Q40. Does LKP securities offers its users with Phone call facility?
Ans. Yes, LKP securities offers its users with Phone call facility.
Q41. Does LKP securities offers its users with Daily currency Reports?
Ans. Yes, LKP securities offers its users with Daily currency Reports.
Q42. Does LKP securities offers its users with Investment banking reports?
Ans. Yes, LKP securities offers its users with Investment banking reports.
Q43. Does LKP securities offers its users with IPO based Analysis?
Ans. Yes, LKP securities offers its users with IPO based Analysis.
Q44. Does LKP securities offers its users with Mutual fund investment reports?
Ans. Yes, LKP securities offers its users with Mutual fund investment reports.
Q45. Does LKP securities offers its users with Daily Commodity Research Reports?
Ans. Yes, LKP securities offers its users with Daily Commodity Research Reports.
Q46. Does LKP securities offers its users with weekly performance trading Reports?
Ans. Yes, LKP securities offers its users with weekly performance trading Reports.
Q47. Does LKP securities offers its users with company based Research Reports?
Ans. Yes, LKP securities offers its users with Company based Research Reports.
Q48. Does LKP securities offers its users with Quarterly Research Reports?
Ans. Yes, LKP securities offers its users with Quarterly Research Reports.
Q49. Does LKP securities offers its users with Monthly based reports?
Ans. Yes, LKP securities offers its users with Monthly based reports.
Q50. Does LKP securities offers its users with Daily reports and tips?
Ans. Yes, LKP securities offers its users with Daily reports and tips.
