Nirmal Bang Review

Nirmal Bang Review: Nirmal Bang Securities Private Limited, or Nirmal Bang, was incorporated in 1986.

Nirmal Bang is also among the top full-service broking houses that offer various financial products and services.

What is Nirmal Bang?

• The Nirmal Bang group of companies was founded by Nirmal Bang, Dilip Bang, and Kishor Bang.
• Nirmal Bang offers trading services in the following sectors:

• Here, stock trading is offered to retail clients through multiple channels that will include online trading on the BSE as well as the NSE.
• Apart from this, the company is also offering other financial products such as mutual funds, IPOs, fixed deposits and bonds, portfolio management, etc.
• The company is also a member of India’s premier exchanges, such as the following:

Don't Forget to Check: Zerodha Review 2022 (Pros and Cons of Zerodha )

• The company is also a depository participant of NSDL as well as CDSL.
• The company is also seeking to offer in-depth and comprehensive research to its own customers.
• The research team of the company offers market insights and identifies and recommends investment opportunities to its customers.
• The primary research services of the company include the following:

• Technical calls on equity, commodities, and derivatives.
• Research reports on equities, commodities, and mutual funds.
• IPO Watch
• A monthly magazine, “Beyond Market,”
• Reports on currency options.
• Private Client Group (PCG) Research Desk offers a range of customized product solutions to HNI investors for long-term wealth creation.

Nirmal Bang Review for Charges:

The main charges of Nirmal Bang are as follows:

Nirmal Bang Review for Brokerage plans:

The first plan here is the Basic Plan.

In this plan, the brokerage is charged in % of the entire transaction.

The following is the brokerage plan:

Also Know: Is Intraday Trading Profitable?

The following are the brokerage charges in detail:

Nirmal Bang’s charge structure explanation:

1. STT:

This is charged only on the sell side for intraday as well as F&O trades.

The same is charged on both sides for delivery trades in equity.

2. Stamp Duty:

These are the charges that are based on the state the customer is located in.

3. GST (Goods and Services Tax):

This is charged at 18% of the total cost of brokerage plus the transaction charges.

4. SEBI Turnover Fees:

These fees are charged at Rs. 10 per crore.

5. Transaction Charges:

This is charged at Rs. 325/crore for equity, Rs. 230/crore for futures, and Rs. 5500/crore on premiums for options.

Also Like: How to Calculate Turnover for Intraday Trading?

Nirmal Bang Depository Services Charges:

Nirmal Bang’s Trading Software:

The company is offering multiple trading platforms based on the needs and styles of the customers.

They are as follows:

1. ODIN:

• This trading platform is very well-known as well as famous.
• The same will work well on low bandwidth.
• This ODIN application is the front-office solution that will enable clients to connect to Nirmal Bang servers via the Internet.

2. NET NET:

• This is a web trading application for Nirmal Bang.
• This platform is built using HTML technology that can work on any web browser.
• It also acts as a single point of trading in the range of segments across exchanges.
• It also provides many useful features to traders, such as real-time charting, multiple market watches, instant fund transfers, etc.

3. Beyond Mobile App:

• This is a stock trading mobile application that is provided by Nirmal Bang.
• This application will allow the customer to trade on the move.
• The main features include live reports, after-market orders (AMO), multiple market watches, branch locators, and so on.

4. LD Rakshak:

• This is a risk management software that works in real-time and is connected to both the broking back-office as well as the DP back-office during market hours.
• The software will also offer many benefits such as live exposure, positions, and risk monitoring, etc. in real-time during market hours.

5. LD-Client Level Software:

• LD BackOffice is a live back-office software that is built using W2FP technology.
• It offers access to 28 different reports and the option to create your own layout.
• Above all, the customers of Nirmal Bang can also trade via branch visits or call and trade.

Pros and Cons of Nirmal Bang:

PROs:

The pros of having an account with Nirmal Bang are as follows:

CONs:

Nirmal Bang, Margin Exposure:

• The margin for intraday trading is up to 20% of the trade value based on the stock.
• The F&O intraday trading margin is 1.3x across equity, currency, and commodity trading on the BSE, NSE, and MCX.
• There is also no additional margin offered for Nirmal Bang F&O carry forward positions as well as equity delivery trades.

Also Like: Penny Stocks Share Prices between Rs 1 to Rs 10

Conclusion:

We hope that the above blog has given you an idea regarding whether to open a trading account with Nirmal Bang or not and also whether the company is reliable or not.

About Us:

Trading Fuel is our website for blogs where we give you knowledge about finance, the stock market, intraday trading, and technical analysis. We hope that you get all information about Nirmal Bang Reviews.

~Stay tuned with us for more such blogs~