Introduction to Tradebulls Brokerage
Tradebulls brokerage widely known as Tradebulls Securities is a full-service broker based out of Mumbai, India.
It was founded in 2009 by Mr. Dinesh Thakkar, and has grown to be one of India’s most trusted stock traders.
Presently, it has a staff strength of over 1000 employees scattered across its various franchise agencies and sub-brokers in 12 major cities in India.
As of the year 2019, Tradebulls has an active clientele of over 69,000 people.
Tradebulls is a member of NSE, MSEI, BSE, MCX-SX, NCDEX, and MCX. It allows clients or customers to trade over the following segments:
- Equity
- Currency Trading
- Commodity Trading
- IPO
- Derivatives
- Insurance
- Portfolio Management
- Mutual Funds
- Personal Loans
The Tradebulls brokerage charges for each of these segments differ but it has the reputation of having some of the cheapest brokerage charges.
If you would like to trade under any of the segments listed above or establish a Tradebulls franchise, this review will help you.
Tradebulls Brokerage Charges
As stated earlier, Tradebulls brokerage charges are pretty affordable especially when it is compared to what other stockbrokers charge.
Its charges are also easy to understand and calculate. Below is a list of Tradebulls trading segments with their corresponding charges:
| SEGMENT | BROKERAGE CHARGE |
| Equity Delivery Trading | 0.10% – 0.30% |
| Equity Intraday Trading | 0.010% – 0.030% |
| Commodity Options Trading | 0.010% – 0.030% |
| Equity Futures Trading | 0.010% – 0.030% |
| Equity Options Trading | Rs. 50 – Rs. 80 per Lot |
| Currency Futures Trading | 0.010% – 0.030% |
| Currency Options Trading | Rs. 50 – Rs. 80 per Lot |
| Minimum Brokerage | Rs. 30 per Trade |
| Demat Account Charges | Free or Rs. 300 |
| Trading Account Charges | Free |
| Margin Money | Rs.0 – Rs. 300,000 |
The variation in Tradebulls brokerage charges is due to the different plans they offer to their customers.
There are four brokerage plans – Lite, Basic, Elite and Infinia.
Based on the brokerage plans, the higher your margin money, the lower your brokerage charges would be.
Below is a summary of Tradebulls brokerage plans:
| Lite | Basic | Elite | Infinia | |
| Equity Delivery Trading | 0.30% | 0.25% | 0.15% | 0.10% |
| Equity Intraday Trading | 0.030% | 0.025% | 0.015% | 0.010% |
| Commodity Options Trading | 0.030% | 0.025% | 0.015% | 0.010% |
| Equity Futures Trading | 0.030% | 0.025% | 0.015% | 0.010% |
| Equity Options Trading | Rs. 80 per Lot | Rs. 70 per Lot | Rs. 60 per Lot | Rs. 50 per Lot |
| Currency Futures Trading | 0.030% | 0.025% | 0.015% | 0.010% |
| Currency Options Trading | Rs. 80 per Lot | Rs. 70 per Lot | Rs. 60 per Lot | Rs. 50 per Lot |
| Minimum Brokerage | Rs. 30 per Trade | Rs. 30 per Trade | Rs. 30 per Trade | Rs. 30 per Trade |
| Account Opening Fees | Free or Rs. 299 | Free | Free | Free |
| Trading Account Charges | Free | Free | Free | Free |
| Margin Money | Rs.0 | Rs. 25,000 | Rs. 100,000 | Rs. 300,000 |
Using the information provided on the tables above, it is very easy to ascertain the Tradebulls brokerage charges and get a brokerage plan that suits you.
The Margin Money is a requirement stated by Tradebulls as a guarantee from all its customers.
In addition to the brokerage charge and margin money, there are a few other charges which would be required of you when you trade with Tradebulls.
| Transaction Charges | 0.00325% of total turnover |
| STT | 0.0126% of total turnover |
| Stamp Duty | Depends on your state of residence, but it is a minute sum |
| SEBI Turnover Charges | 0.0002 of total turnover |
| GST | 18% of your Brokerage + Transaction Charges |
Although these charges appear cumbersome, they are very minimal and have no significant effect on your Return of Investment or profit percentage.
Tradebulls Brokerage Charges Calculator
Although these charges might have no real effect on your turnover, calculating them manually might be a problem.
On the Tradebulls website and some of its other online trading platforms, there is a Tradebulls Brokerage Calculator.
This calculator gives accurate figures for any trade a client chooses to carry out.
All the charges listed above would be inputted and the final value would be produced to the highest level of accuracy.
To use the brokerage calculator, all you have to do is input the number of shares you want to buy.
In the case of Equity and Currency options, the number of lots you want to buy, lot sizes, buying and selling prices and your state of residence.
All the brokerage charges, transaction and other additional charges would be provided.
Your Total Turnover, Total Brokerage and Tax, and Total Profit or Loss values would be provided too.
Tradebulls brokerage charges
The amount you are charged as brokerage charge is largely dependent on the plan you belong to.
The volume of transaction you consummate also has a role to play albeit the overall charge is relatively low.
Tradebulls offers low- cost brokerage charges for all the segments it allows its clients to trade under they are:
| Segment | Brokerage charges |
| Equity Delivery Trading | 0.10% – 0.30% |
| Equity Intraday Trading | 0.010% – 0.030% |
| Commodity Options Trading | 0.010% – 0.030% |
| Equity Futures Trading | 0.010% – 0.030% |
| Equity Options Trading | Rs. 50 – Rs. 80 per Lot |
| Currency Futures Trading | 0.010% – 0.030% |
| Currency Options Trading | Rs. 50 – Rs. 80 per Lot |
| Minimum Brokerage | Rs. 30 per Trade |
| Demat Account Charges | Free or Rs. 300 |
| Trading Account Charges | Free |
| Margin Money | Rs. 0 – Rs. 300,000 |
Apart from the Tradebulls brokerage charges, are there additional charges?
Yes, Tradebulls has additional trading charges.
Let’s explain some of the charges.
Annual Maintenance Charge: The Annual Maintenance Charge also called (AMC) is applied after every twelve months.
The amount charged as AMC depends on a lot of factors. Also, there are cases where the customer is granted a waiver.
If the account used for trading resides in the same bank, the charge is always lower and vice-versa.
Customers who have the Basic Demat Account always enjoy a waiver as they do not get charged for annual maintenance fees.
Transaction fees: Transaction fees or charges are applied anytime an activity takes place on an account.
Whether it is a debit or a credit, each customer gets charges a certain amount as cost of consummating a transaction.
These days, transaction charges aren’t always applied when an account is credited.
Tradebulls Customer Care
Tradebulls brokerage offers a number of communication platforms for its clients both offline and online.
The service lines are usually open between 8.30 am and 8.30 pm.
Tradebulls customer care can be accessed through Email support, Offline trading, Online trading and at any of the 10 branches across the country.
Tradebulls Demat account
The Tradebulls Demat account is a unique product. Customers who are on this package have their shares stored electronically.
It is not possible to trade online without a Demat account and opening an account is pretty straightforward.
How to open a Tradebulls Demat account?
Opening a Demat account can be done on the World Wide Web. All that it takes is the completion of a form over the internet.
Once this form is submitted, a representative of the company will reach out to you via phone or email.
If you are not cool with just having a telephone conversation, you can visit any of Tradebulls’ offices for a face-to-face meeting.
Why should I open a Demat account?
Opening a Tradebulls Demat account qualifies you for many benefits.
One of such benefits is that you would have your destiny in your hands as far as managing your shares is concerned.
You would also be getting tips and advice from experts on a consistent basis.
Also, there would be no need for feeling forms manually or completing paperwork.
We are not unaware of the fact that most people find it boring when they have to fill forms.
Tradebulls trading account
Opening a Tradebulls trading account gives you the license to trade in shares, stocks, bonds, and equities.
It is an account type created mainly for investment purposes.
It provides a platform for your Demat account and bank account to be linked.
It is not possible to add money or remove money from a Demat account without a trading account.
They are more like complementary goods in economic terms.
Tradebulls Brokerage Pros and Cons
Pros
- Compared to what other stockbrokers charge, Tradebulls brokerage charges are the most cost effective.
- Various trading platforms which were established in-house and can be accessed and used for free on various devices.
- A wide range of trading and investment segments for its clients.
- Free research reports, tips and recommendations for clients.
- Tradebulls organizes regular workshops and seminars for clients and partners.
- Secured platforms for clients to carry out fund transfers.
Cons
- Less than average customer service.
- Frequent issues with mobile app – Tradebulls Touch App.
- Concerns over hidden charges.
Conclusion of Tradebulls Brokerage
As mentioned in the introduction, Tradebulls was founded in 2009.
Thus, it is relatively new and trying to match up to existing stockbrokers in the Indian market.
It has, however, distinguished itself by offering minimal charges for account opening, maintenance, insurance, brokerage and transaction fees.
With its trading platforms which are available for a wide range of devices, it is easily accessible.
Therefore, Tradebulls brokerage would be your best bet if what you are looking for is a cost effective, accessible brokerage firm.
Despite these advantages, Tradebulls still has some work to do in offering quality customer service to its clients and improving the performance of its trading platforms.
Common FAQs About Tradebulls and Tradebulls Brokerage Charges
Does Tradebulls have brokerage charges?
Yes, Tradebulls has brokerage charges.
Do I get charged for opening an account?
You won’t be charged a dime for creating an account on the Tradebulls platform. It is completely free.
What are the types of brokerage plan available on the Tradebulls platform?
There are four distinct plans available to customers on the Tradebulls platform.
Customers can either choose from the elite plan, basic plan, lite plan, and Infinia. Different charges apply to different plans.
The more expensive the brokerage plan, the cheaper the brokerage and account opening fees.
Are Tradebulls brokerage charges expensive?
No, Tradebulls brokerage charges are very low and cost effective.
Does Tradebulls have a brokerage calculator?
Yes, Tradebulls has a brokerage calculator which is available on the official Tradebulls website and on all its trading platforms.
It can also be accessed on other websites that provide information for stockbrokers and traders.
