Top Stock Advisory
Bgse Financials vs. Prabhudas Lilladher
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 Bgse Financials and Prabhudas Lilladher. Please find a thorough comparison study for both the stock brokers, and find the table below for the comparison of Bgse Financials and Prabhudas Lilladher.
Overview
Bgse Financials is public company and Prabhudas Lilladher is private company. both are full service broker as well. Pramod G Jain co-founded Bgse Financials in 1999. And Prabhudas Lilladher was founded in the year 1984 by Arun Sheth. Bgse Financials's headquarters are in Bangalore, Karnataka and Prabhudas Lilladher's headquarters are in Mumbai, Maharashtra.
Bgse Financials and Prabhudas Lilladher both are full service broker as well. Bgse Financials is registered in NA, while Prabhudas Lilladher is registered in NA. The total branches of Bgse Financials are Nil and the Prabhudas Lilladher branches are Nil.
| Overview | Bgse Financials | Prabhudas Lilladher |
|---|---|---|
| Broker Type | Full Service Broker | Full Service Broker |
| Type of company | Public | Private |
| Headquarter | Bangalore, Karnataka | Mumbai, Maharashtra |
| Founders | Pramod G Jain | Arun Sheth |
| Foundation Year | 1999 | 1984 |
| Supported Exchanges | NA | NA |
| Total branches | Nil | Nil |
Bgse Financials and Prabhudas Lilladher 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 Bgse Financials charging Free and Prabhudas Lilladher charging Rs.999.
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 Bgse Financials Demat account is Rs.400 per Annum and for the Prabhudas Lilladher Demat account is Rs.650. The Trading AMC for Bgse Financials and Prabhudas Lilladher 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 Bgse Financials and Prabhudas Lilladher is CDSL.
| Account Opening and Demat Charges | Bgse Financials | Prabhudas Lilladher |
|---|---|---|
| Trading Account Opening Charges | Free | Rs.999 |
| Demat AMC (Annual Maintenance Charges) | Rs.400 per Annum | Rs.650 |
| Trading AMC (Annual Maintenance Charges) | Rs.250 per Annum | Zero |
| Margin Money | Zero Margin | Rs.25,000 Minimum |
| Offline to Online Charges | Yes | Yes |
| Depository | CDSL & NSDL | CDSL & NSDL |
Bgse Financials and Prabhudas Lilladher 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 Bgse Financials is 0.2% – 0.4%, while Prabhudas Lilladher charges you 0.10%.
Equity Intraday: This means when you buy and sell stocks on the same day. So, the equity intraday brokerage charges for Bgse Financials is 0.02% – 0.04% and for Prabhudas Lilladher also, it is 0.01%.
Equity Futures: Equity futures refers to the purchase and sale of shares at a fixed price on a future date. Bgse Financials charge 0.02% – 0.04% and Prabhudas Lilladher charge 0.01% 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, Bgse Financials charges Rs.30 – Rs.100 per Lot, and Prabhudas Lilladher charges Rs.20 per lot.
| Equity Brokerage Charges | Bgse Financials | Prabhudas Lilladher |
|---|---|---|
| Equity Delivery Brokerage | 0.2% – 0.4% | 0.10% |
| Equity Intraday Brokerage | 0.02% – 0.04% | 0.01% |
| Equity Futures Brokerage | 0.02% – 0.04% | 0.01% |
| Equity Options Brokerage | Rs.30 – Rs.100 per Lot | Rs.20 per lot |
Bgse Financials and Prabhudas Lilladher 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 Bgse Financials is 0.02% – 0.04% and for Prabhudas Lilladher is 0.01%.
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. Bgse Financials charges Rs.20 – Rs.75 per Lot for currency options, whereas Bgse Financials charges Rs.10 per lot.
| Currency Brokerage Charges | Bgse Financials | Prabhudas Lilladher |
|---|---|---|
| Currency Futures Brokerage | 0.02% – 0.04% | 0.01% |
| Currency Options Brokerage | Rs.20 – Rs.75 per Lot | Rs.10 per lot |
Bgse Financials and Prabhudas Lilladher 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. Bgse Financials charges NA for commodity trading, while Prabhudas Lilladher charges NA.
| Commodity Brokerage Charges | Bgse Financials | Prabhudas Lilladher |
|---|---|---|
| Commodity Options Brokerage | NA | NA |
Bgse Financials and Prabhudas Lilladher Other Charges
Here are some other broker charges that should know about -
Minimum Broker Charges: Bgse Financials levies a minimum brokerage fee of Percentage of Transaction, while Prabhudas Lilladher charges Percentage of Transacton brokerage fee.
Transaction Brokerage Charges: Bgse Financials levies a transaction brokerage charge of 0.00275%, while Prabhudas Lilladher charges 0.00330% 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 Bgse Financials is 0.0002% of Total Turnover and for Bgse Financials 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 Bgse Financials are 0.0126% of Total Turnover, while for Prabhudas Lilladher, they are 0.0126% of Total Turnover.
Call and Trade Charges: This charge varies for different brokers. Bgse Financials charges NA and Prabhudas Lilladher charges NA.
| Other Brokerage Charges | Bgse Financials | Prabhudas Lilladher |
|---|---|---|
| Minimum Brokerage Charges | Percentage of Transaction | Percentage of Transacton | Transaction Brokerage Charges | 0.00275% | 0.00330% 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 Total Turnover | 0.0126% of Total Turnover | Call and Trade Charges | NA | NA |
Bgse Financials and Prabhudas Lilladher 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 Bgse Financials is up to Upto 2x and by Prabhudas Lilladher it is up to Upto 2x.
Equity Intraday: Leverage for equity intraday by Bgse Financials is up to Upto 6x and by Prabhudas Lilladher it is up to Upto 5x.
Equity Futures: Leverage for Equity Futures by Bgse Financials is up to Upto 2x and by Prabhudas Lilladher it is up to Upto 2x.
Equity Options: Leverage for Equity Options by Bgse Financials is up to Upto 5x and by Prabhudas Lilladher also, it is up to Upto 5x.
| Equity Leverage | Bgse Financials | Prabhudas Lilladher |
|---|---|---|
| Equity Delivery | Upto 2x | Upto 2x | Equity Intraday | Upto 6x | Upto 5x | Equity Futures | Upto 2x | Upto 2x | Equity Options | Upto 5x | Upto 5x |
Bgse Financials and Prabhudas Lilladher Currency Leverage
The currency futures leverage provided by Bgse Financials is up to Upto 3x, while for Prabhudas Lilladher it is up to Upto 2x.
The currency options leverage provided by Bgse Financials is up to Upto 3x, while for Prabhudas Lilladher it is up to Upto 3x.
| Currency Leverage | Bgse Financials | Prabhudas Lilladher |
|---|---|---|
| Currency Futures | Upto 3x | Upto 2x | Currency Options | Upto 3x | Upto 3x |
Bgse Financials and Prabhudas Lilladher Commodity Leverage
The commodity leverage provided by Bgse Financials is up to Upto 3x, while for Prabhudas Lilladher it is up to Upto 2x.
| Commodity Leverage | Bgse Financials | Prabhudas Lilladher |
|---|---|---|
| Commodity | Upto 3x | Upto 2x |
Bgse Financials and Prabhudas Lilladher 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 | Bgse Financials | Prabhudas Lilladher |
|---|---|---|
| Free Stock Trading Account | No | Yes | Free Demat Account | No | Yes | Flexible Plans | Yes | Yes | Brokerage Discounts | Yes | No | Happy Hours | No | No | 1 Month Free Plan | No | No | Holiday Offers | No | No | Referral Program | No | No | Zero Brokerage on Loss Trades | No | No |
Bgse Financials and Prabhudas Lilladher Features
Equity Trading: Bgse Financials and Prabhudas Lilladher 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: Bgse Financials and Prabhudas Lilladher also offer you to trade in currency and commodities.
Initial Public Offering (IPOs): One of the greatest advantages of Bgse Financials and Prabhudas Lilladher broker is that you can also invest in IPOs. Bgse Financials also has an added advantage that they provide you with robo-advisory services as well.
Trading Exposure: Different brokers provide different trading exposures. Bgse Financials offers trading exposure of up to Upto 6x, while Prabhudas Lilladher gives up to Upto 5x.
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 Bgse Financials and Prabhudas Lilladher, you can invest in mutual funds through SIP and Lumpsum.
Forex Trading: With Forex Trading, you can trade in various international currencies. Bgse Financials and Prabhudas Lilladher also allow you to trade in forex trading.
| Features | Bgse Financials | Prabhudas Lilladher |
|---|---|---|
| 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) | No | Yes | Stocks Suggestions | No | No | Robo Advisory | No | Yes | PMS (Portfolio Management Services) | No | Yes |
| Trading Institution | No | No | Trading Exposure | Upto 6x | Upto 5x | Mutual Funds | Yes | Yes | SIP (Systematic Investment Plan) | Yes | Yes | Forex Trading | No | No | Banking | No | No | Insurance | No | Yes |
Bgse Financials and Prabhudas Lilladher 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. Bgse Financials and Prabhudas Lilladher 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 | Bgse Financials | Prabhudas Lilladher |
|---|---|---|
| Fundamental Reports | No | No |
| Research Reports | No | No |
| Company Reports | No | No |
| Annual Reports | No | No |
| Company Stock Review | No | Yes |
| Free Stock Tips | Yes | Yes |
| IPO Reports | No | No |
| Top Picks | No | Yes |
| Daily Market Review | No | No |
| Monthly Reports | No | No |
| Weekly reports | No | No |
| Offline Advisory | Yes | Yes |
| Relationship Manager | Yes | Yes |
Bgse Financials and Prabhudas Lilladher 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. Bgse Financials and Prabhudas Lilladher 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 | Bgse Financials | Prabhudas Lilladher |
|---|---|---|
| Windows | Yes | Yes |
| Mac | Yes | Yes |
| Desktop Browser | No | Yes |
Bgse Financials and Prabhudas Lilladher Mobile Trading Platforms
Bgse Financials and Prabhudas Lilladher offer you mobile trading platforms which can be used in iOS and Android applications.
| Mobile Trading Platforms | Bgse Financials | Prabhudas Lilladher |
|---|---|---|
| Mobile Browser | No | Yes |
| Android App | Yes | Yes |
| iOS App | Yes | Yes |
| Windows App | No | No |
| Other mobile os | No | No |
Bgse Financials and Prabhudas Lilladher 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. Bgse Financials and Prabhudas Lilladher 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 | Bgse Financials | Prabhudas Lilladher |
|---|---|---|
| Relationship Manager | No | Yes |
| Offline Trading | Yes | 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 | 9 | 35 |
Bgse Financials and Prabhudas Lilladher 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 Bgse Financials and Prabhudas Lilladher registered and resolved complaints.
For Bgse Financials, the Percentage of resolved BSE complaints is NaN % and the Percentage of resolved NSE complaints is 100.00 %.
For Prabhudas Lilladher, the Percentage of resolved BSE complaints is 100.00 % and the Percentage of resolved NSE complaints is 100.00 %.
We can say that Bgse Financials is better than Prabhudas Lilladher in case of resolving customer complaints.
| BSE Complaints | Bgse Financials | Prabhudas Lilladher |
|---|---|---|
| BSE Complaints | 0 | 3 |
| BSE Resolved Complaints | 0 | 3 |
| Percentage of resolved BSE complaints | NaN % | 100.00 % |
| NSE Complaints | 2 | 5 |
| NSE Resolved Complaints | 2 | 5 |
| Percentage of resolved NSE complaints | 100.00 % | 100.00 % |
| BSE/NSE Complaint vs. Resolved Percentage | NaN % | 100.00 % |
Frequently Asked Questions
Is Bgse Financials better than Prabhudas Lilladher?
Bgse Financials and Prabhudas Lilladher are at the top among the best full service brokers. You need to look for brokerage charges, account opening fees, trading platforms, etc. to determine which one is better.
Is Prabhudas Lilladher better than Bgse Financials?
Prabhudas Lilladher and Bgse Financials are at the top among the best full service brokers. 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 Bgse Financials and Prabhudas Lilladher?
Bgse Financials and operate as full-service brokers, generally resulting in higher brokerage charges compared to discount brokers. 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, Bgse Financials and Prabhudas Lilladher?
To figure out which of the two stockbrokers, Bgse Financials and Prabhudas Lilladher, is better, compare their brokerage charges, trading platforms, other expenses, research, account opening charges, and so on.
Compare Bgse Financials with other stock brokers
Visit the following pages to see a detailed comparision report of Bgse Financials with other brokerage firms.
Compare Prabhudas Lilladher with other stock brokers
Visit the following pages to see a detailed comparision report of Prabhudas Lilladher with other brokerage firms.