Compare stock brokers
Beeline Broking vs. Arihant Capital
All stockbrokers charge you a fee for carrying out trading transactions. They charge you different fees for different asset classes. So, to maximize your returns and best trading experience, you need to choose the best stock broker.
Among the best stockbrokers in India, two top names are Beeline Broking and Arihant Capital. Please find a thorough comparison study for both the stock brokers, and find the table below for the comparison of Beeline Broking and Arihant Capital.
Overview
Beeline Broking is private company and Arihant Capital is public company. Beeline Broking operates as a discount broker, while Arihant Capital functions as a full service broker. Vanesh Panchal & Pradeep Sandhir co-founded Beeline Broking in 2004. And Arihant Capital was founded in the year 1992 by Ashok Kumar Jain. Beeline Broking's headquarters are in Ahmedabad, Gujarat and Arihant Capital's headquarters are in Mumbai, Maharashtra.
Beeline Broking operates as a discount broker, while Arihant Capital functions as a full service broker. Beeline Broking is registered in BSE, NSE, MCX, NCDEX, while Arihant Capital is registered in NA. The total branches of Beeline Broking are Nil and the Arihant Capital branches are Nil.
| Overview | Beeline Broking | Arihant Capital |
|---|---|---|
| Broker Type | Discount Broker | Full Service Broker |
| Type of company | Private | Public |
| Headquarter | Ahmedabad, Gujarat | Mumbai, Maharashtra |
| Founders | Vanesh Panchal & Pradeep Sandhir | Ashok Kumar Jain |
| Foundation Year | 2004 | 1992 |
| Supported Exchanges | BSE, NSE, MCX, NCDEX | NA |
| Total branches | Nil | Nil |
Beeline Broking and Arihant Capital Trading Account Opening and Demat Charges
A dematerialization account, also known as a Demat account keeps the securities in an electronic form that are deposited with National Securities Depository Limited (NSDL) or Central Depository Services Limited (CDSL).
Account opening fees for various brokers range from 0 to Rs.200, with Beeline Broking charging Rs.876 and Arihant Capital charging Free.
When you open a Demat account, you must pay specific fees such as account maintenance fees, broker commissions, GST, and STT. When you open a Demat account, you must pay specific fees such as account maintenance charges, broker commissions, GST, and STT. So, account maintenance charges (AMC) for the Beeline Broking Demat account is Free and for the Arihant Capital Demat account is Rs.362. The Trading AMC for Beeline Broking and Arihant Capital is free. And the margin money for both brokers is also zero.
As we know that NSDL and CDSL are the two depositories in India registered by Indian Government which holds various securities in electronic form like stocks, bonds, etc. So, the depository for both Beeline Broking and Arihant Capital is CDSL.
| Account Opening and Demat Charges | Beeline Broking | Arihant Capital |
|---|---|---|
| Trading Account Opening Charges | Rs.876 | Free |
| Demat AMC (Annual Maintenance Charges) | Free | Rs.362 |
| Trading AMC (Annual Maintenance Charges) | Free | Free |
| Margin Money | Zero Margin | Rs.10,000 |
| Offline to Online Charges | Yes | Yes |
| Depository | CDSL & NSDL | CDSL & NSDL |
Beeline Broking and Arihant Capital Equity Brokerage Charges
There are more charges that a broker charges for equity transactions.
Equity delivery charges: This means holding the stocks for a certain period of time and selling it when you make a profit. Different brokers charge different rates on Equity Delivery. The Equity Delivery charges for Beeline Broking is Rs.18 per executed order, while Arihant Capital charges you 0.20%.
Equity Intraday: This means when you buy and sell stocks on the same day. So, the equity intraday brokerage charges for Beeline Broking is Rs.18 per executed order and for Arihant Capital also, it is 0.03%.
Equity Futures: Equity futures refers to the purchase and sale of shares at a fixed price on a future date. Beeline Broking charge Rs.18 per executed order and Arihant Capital charge 0.02% for equity futures.
Equity Options: These are contracts that allow an investor to buy or sell equities at a predetermined or strike price, (1 contract=100 shares). For equity options, Beeline Broking charges Rs.18 per executed order, and Arihant Capital charges Rs.10 per Lot.
| Equity Brokerage Charges | Beeline Broking | Arihant Capital |
|---|---|---|
| Equity Delivery Brokerage | Rs.18 per executed order | 0.20% |
| Equity Intraday Brokerage | Rs.18 per executed order | 0.03% |
| Equity Futures Brokerage | Rs.18 per executed order | 0.02% |
| Equity Options Brokerage | Rs.18 per executed order | Rs.10 per Lot |
Beeline Broking and Arihant Capital Currency Brokerage Charges
Currency trading is also known as forex trading, which is used to buy and sell currency pairs. Most brokers offer this trading service.
Currency Future: It is also known as Foreign exchange futures. It is a type of contract where buying and selling of currencies is done on a future date at a fixed price. The Currency Futures Brokerage for Beeline Broking is Rs.18 per executed order and for Arihant Capital is 0.02%.
Currency Options: A currency option, like an equity option, is a contract that allows a buyer the right (but not the responsibility) to purchase or sell a specified currency at a fixed exchange rate on or before a particular date. Beeline Broking charges Rs.18 per executed order for currency options, whereas Beeline Broking charges Rs.10 per Lot.
| Currency Brokerage Charges | Beeline Broking | Arihant Capital |
|---|---|---|
| Currency Futures Brokerage | Rs.18 per executed order | 0.02% |
| Currency Options Brokerage | Rs.18 per executed order | Rs.10 per Lot |
Beeline Broking and Arihant Capital Commodity Brokerage Charges
Commodity Trading: Commodity trading involves the purchase and sale of various commodities such as gold, silver, agriculture, and energy, as well as their derivative products. Beeline Broking charges Rs.18 per executed order for commodity trading, while Arihant Capital charges NA.
| Commodity Brokerage Charges | Beeline Broking | Arihant Capital |
|---|---|---|
| Commodity Options Brokerage | Rs.18 per executed order | NA |
Beeline Broking and Arihant Capital Other Charges
Here are some other broker charges that should know about -
Minimum Broker Charges: Beeline Broking levies a minimum brokerage fee of Rs.18, while Arihant Capital charges Rs.20 per executed order brokerage fee.
Transaction Brokerage Charges: Beeline Broking levies a transaction brokerage charge of 0.00285%, while Arihant Capital charges 0.00290% of Total Turnover.
SEBI Turnover Charges: Securities and Exchange Board of India (SEBI) is the market regularly and monitors fair trade practices. They also charge a small fee known as the SEBI Turnover fee. So, the SEBI Turnover charges for Beeline Broking is 0.0002% of Total Turnover and for Beeline Broking is 0.0002% of Total Turnover.
Stamp Duty Charges: This fee is charged as per the state and asset class.
GST Charges (Goods and Services Tax): GST of 18% is charged (brokerage and transaction charges)
STT (Securities Transaction Tax): The STT charges for Beeline Broking are 0.0126% of selling value, while for Arihant Capital, they are 0.0126% of Total Turnover.
Call and Trade Charges: This charge varies for different brokers. Beeline Broking charges Rs 20 per executed order and Arihant Capital charges NA.
| Other Brokerage Charges | Beeline Broking | Arihant Capital |
|---|---|---|
| Minimum Brokerage Charges | Rs.18 | Rs.20 per executed order | Transaction Brokerage Charges | 0.00285% | 0.00290% of Total Turnover | SEBI Turnover Charges | 0.0002% of Total Turnover | 0.0002% of Total Turnover | Stamp Duty Charges | As per the state | As per the state | GST Charges | 18% of (Brokerage + Transaction Charges) | 18% of (Brokerage + Transaction Charges) | STT Charges | 0.0126% of selling value | 0.0126% of Total Turnover | Call and Trade Charges | Rs 20 per executed order | NA |
Beeline Broking and Arihant Capital Equity Exposure/Leverage
With the leverage, you can trade for a much higher amount than you actually pay for it. It means to borrow money for buying securities. For example, if you want to buy stocks for Rs. 5,00,000, but have only funds of Rs. 2,00,000. Then, you can get the remaining 3,00,000 Rs. from the broker by paying them some margin amount.
Equity Delivery: Leverage provided for Equity Delivery by Beeline Broking is up to Upto 3x and by Arihant Capital it is up to Upto 4x.
Equity Intraday: Leverage for equity intraday by Beeline Broking is up to Upto 10x and by Arihant Capital it is up to Upto 10x.
Equity Futures: Leverage for Equity Futures by Beeline Broking is up to Upto 5x and by Arihant Capital it is up to Upto 3x.
Equity Options: Leverage for Equity Options by Beeline Broking is up to Upto 5x and by Arihant Capital also, it is up to Upto 5x.
| Equity Leverage | Beeline Broking | Arihant Capital |
|---|---|---|
| Equity Delivery | Upto 3x | Upto 4x | Equity Intraday | Upto 10x | Upto 10x | Equity Futures | Upto 5x | Upto 3x | Equity Options | Upto 5x | Upto 5x |
Beeline Broking and Arihant Capital Currency Leverage
The currency futures leverage provided by Beeline Broking is up to Upto 4x, while for Arihant Capital it is up to Upto 2x.
The currency options leverage provided by Beeline Broking is up to Upto 4x, while for Arihant Capital it is up to Upto 2x.
| Currency Leverage | Beeline Broking | Arihant Capital |
|---|---|---|
| Currency Futures | Upto 4x | Upto 2x | Currency Options | Upto 4x | Upto 2x |
Beeline Broking and Arihant Capital Commodity Leverage
The commodity leverage provided by Beeline Broking is up to Upto 4x, while for Arihant Capital it is up to Upto 3x.
| Commodity Leverage | Beeline Broking | Arihant Capital |
|---|---|---|
| Commodity | Upto 4x | Upto 3x |
Beeline Broking and Arihant Capital Offers
Brokers offer various exciting offers to entice new customers. Here are some of them:
Free Stock Trading and Demat Accounts: many brokers offer new investors to open an account free to cost and start trading straight away with them.
Flexible Plans: attractive plans at an economical price such as ProStocks monthly plan targeting equity cash and currency F&O at Rs.899 and Rs.499, respectively.
Brokerage Discounts: Coupons providing up to 50% discount at their rates.
Happy Hours: A specific time slot where the trades/customers get broker's services at a discount.
1-month Free Plan: where brokers provide free delivery trading such as OneTradePlus.
Holiday Offers: brokers are providing their services at a discounted rate on special events such as Diwali.
Referral Program: brokers provide a discount when your family or friends sign up with the broker using your referral code.
Zero Brokerage on Loss Trade: complete refund of money on unsuccessful trades.
| Offers | Beeline Broking | Arihant Capital |
|---|---|---|
| Free Stock Trading Account | Yes | Yes | Free Demat Account | No | No | Flexible Plans | Yes | Yes | Brokerage Discounts | Yes | Yes | Happy Hours | No | No | 1 Month Free Plan | No | No | Holiday Offers | No | Yes | Referral Program | Yes | No | Zero Brokerage on Loss Trades | No | No |
Beeline Broking and Arihant Capital Features
Equity Trading: Beeline Broking and Arihant Capital brokers are among the top brokers in India. They provide you with various trading options like Equity Delivery, Equity Intraday and Equity Futures and Options trading.
Currency and Commodity Trading: Beeline Broking and Arihant Capital also offer you to trade in currency and commodities.
Initial Public Offering (IPOs): One of the greatest advantages of Beeline Broking and Arihant Capital broker is that you can also invest in IPOs. Beeline Broking also has an added advantage that they provide you with robo-advisory services as well.
Trading Exposure: Different brokers provide different trading exposures. Beeline Broking offers trading exposure of up to Upto 10x, while Arihant Capital gives up to Upto 10x.
Mutual Funds: Investing in mutual funds is a great option to grow your wealth and many brokers offer the option to invest on that. With Beeline Broking and Arihant Capital, you can invest in mutual funds through SIP and Lumpsum.
Forex Trading: With Forex Trading, you can trade in various international currencies. Beeline Broking and Arihant Capital also allow you to trade in forex trading.
| Features | Beeline Broking | Arihant Capital |
|---|---|---|
| Equity Delivery Trading | Yes | Yes | Equity Intraday Trading | Yes | Yes | Equity Futures Trading | Yes | Yes | Equity Options Trading | Yes | Yes | Currency Trading | Yes | Yes |
| Commodity Trading | Yes | No | IPO (Initial public offering) | Yes | Yes | Stocks Suggestions | No | No | Robo Advisory | No | No | PMS (Portfolio Management Services) | No | No |
| Trading Institution | No | No | Trading Exposure | Upto 10x | Upto 10x | Mutual Funds | Yes | Yes | SIP (Systematic Investment Plan) | Yes | Yes | Forex Trading | No | No | Banking | No | No | Insurance | No | No |
Beeline Broking and Arihant Capital Advisory Services
Discount brokers and full-service brokers offer different services. Here are some of the top advisory services offered by brokers-
Fundamental Reports: These are the reports that analyse a company's financial statements and help investors and financial analysts make decisions about a company's present financial status.
Research Reports: Many broker companies have in-house research teams which are experienced and help people to give research reports on various securities like stocks, currency, mutual funds, etc. Beeline Broking and Arihant Capital offer you in-depth research reports.
Company Reports: These are detailed and easy-to-understand reports on the company's measures throughout the year, month, or week.
Relationship Manager: Full-service broker gives a dedicated relationship manager, who will clear all your trading queries and help you throughout your trading journey.
Other Services: Many brokers provide more services depending upon the brokerage price like Company Stock Reviews, Free Stock Tips, IPO Reports, Top Picks, Daily Market Reviews, Monthly Reports, Weekly Reports and Offline Advisory.
| Advisory Services | Beeline Broking | Arihant Capital |
|---|---|---|
| Fundamental Reports | No | No |
| Research Reports | No | No |
| Company Reports | No | No |
| Annual Reports | No | No |
| Company Stock Review | No | No |
| Free Stock Tips | Yes | Yes |
| IPO Reports | No | Yes |
| Top Picks | Yes | Yes |
| Daily Market Review | No | Yes |
| Monthly Reports | No | No |
| Weekly reports | No | Yes |
| Offline Advisory | No | Yes |
| Relationship Manager | No | Yes |
Beeline Broking and Arihant Capital Desktop Trading Platforms
A trader can utilise multiple trading platforms to trade in stocks, commodities, etc. A good and advanced trading platform can make your trading easier and result in profit maximization. Beeline Broking and Arihant Capital offer a Desktop Trading Platform with advanced tools, interactive charts, and quick buying and selling of securities. Their trading platforms can be used in Windows, Mac and Desktop browsers as well.
| Desktop Trading Platforms | Beeline Broking | Arihant Capital |
|---|---|---|
| Windows | Yes | Yes |
| Mac | Yes | Yes |
| Desktop Browser | Yes | Yes |
Beeline Broking and Arihant Capital Mobile Trading Platforms
Beeline Broking and Arihant Capital offer you mobile trading platforms which can be used in iOS and Android applications.
| Mobile Trading Platforms | Beeline Broking | Arihant Capital |
|---|---|---|
| Mobile Browser | Yes | No |
| Android App | No | Yes |
| iOS App | No | Yes |
| Windows App | No | No |
| Other mobile os | No | No |
Beeline Broking and Arihant Capital Customer Support
Customer service is a critical aspect in converting a new customer into a loyal and long-term customer. Because the trading market moves quickly, an investor requires appropriate customer assistance from their brokers. Beeline Broking and Arihant Capital give good customer support and service to their clients. They help you in online trading through chat support, e-mail support and call support.
| Customer Support Features | Beeline Broking | Arihant Capital |
|---|---|---|
| Relationship Manager | No | Yes |
| Offline Trading | No | Yes |
| Online Trading | Yes | Yes |
| 24 * 7 Support | No | No |
| Email Support | Yes | Yes |
| Chat Support | No | No |
| Toll free number | No | No |
| Support Branches | 0 | 150 |
Beeline Broking and Arihant Capital Customer Complaints
The BSE and NSE actively accept and handle complaints to maintain a stringent check and balance on fair-trade opportunities. Investors can file complaints about brokers or companies in case of any unfair trade practices. BSE and NSE make sure to resolve your complaints within a certain time. Check out the table below for Beeline Broking and Arihant Capital registered and resolved complaints.
For Beeline Broking, the Percentage of resolved BSE complaints is 91.30% and the Percentage of resolved NSE complaints is 85.71 %.
For Arihant Capital, the Percentage of resolved BSE complaints is 96.15 % and the Percentage of resolved NSE complaints is 93.24 %.
We can say that Beeline Broking is better than Arihant Capital in case of resolving customer complaints.
| BSE Complaints | Beeline Broking | Arihant Capital |
|---|---|---|
| BSE Complaints | 23 | 52 |
| BSE Resolved Complaints | 21 | 50 |
| Percentage of resolved BSE complaints | 91.30% | 96.15 % |
| NSE Complaints | 35 | 74 |
| NSE Resolved Complaints | 30 | 69 |
| Percentage of resolved NSE complaints | 85.71 % | 93.24 % |
| BSE/NSE Complaint vs. Resolved Percentage | 88.51 % | 94.70 % |
Frequently Asked Questions
Is Beeline Broking better than Arihant Capital?
Beeline Broking is a discount broker and Arihant Capital is a full service broker. You need to look for brokerage charges, account opening fees, trading platforms, etc. to determine which one is better.
Is Arihant Capital better than Beeline Broking?
Arihant Capital is a full service broker and Beeline Broking is a discount broker. As a result, we must examine features such as brokerage costs, account opening fees, trading platforms, and more to determine which of them is a better stockbroker.
Which is cheaper between Beeline Broking and Arihant Capital?
The brokerage charges for Beeline Broking are on the cheaper side since it is a discount broker, while Arihant Capital is a full-service broker. In general, the brokerage fees for both of them will be relatively similar. Examine the brokerage fees in-depth to determine the less expensive broker for your requirements.
Which is better, Beeline Broking and Arihant Capital?
To figure out which of the two stockbrokers, Beeline Broking and Arihant Capital, is better, compare their brokerage charges, trading platforms, other expenses, research, account opening charges, and so on.
Compare Beeline Broking with other stock brokers
Visit the following pages to see a detailed comparision report of Beeline Broking with other brokerage firms.
Compare Arihant Capital with other stock brokers
Visit the following pages to see a detailed comparision report of Arihant Capital with other brokerage firms.