Compare stock brokers
Exclusive Securities vs. Nirmal Bang
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 Exclusive Securities and Nirmal Bang. Please find a thorough comparison study for both the stock brokers, and find the table below for the comparison of Exclusive Securities and Nirmal Bang.
Overview
Exclusive Securities is public company and Nirmal Bang is private company. both are full service broker as well. Purushottam Gupta co-founded Exclusive Securities in 1994. And Nirmal Bang was founded in the year 1986 by Nirmal Bang. Exclusive Securities's headquarters are in Indore, M.P and Nirmal Bang's headquarters are in Mumbai, India.
Exclusive Securities and Nirmal Bang both are full service broker as well. Exclusive Securities is registered in NA, while Nirmal Bang is registered in BSE, NSE, MCX, NCDEX, NMCE. The total branches of Exclusive Securities are Nil and the Nirmal Bang branches are 2000.
| Overview | Exclusive Securities | Nirmal Bang |
|---|---|---|
| Broker Type | Full Service Broker | Full Service Broker |
| Type of company | Public | Private |
| Headquarter | Indore, M.P | Mumbai, India |
| Founders | Purushottam Gupta | Nirmal Bang |
| Foundation Year | 1994 | 1986 |
| Supported Exchanges | NA | BSE, NSE, MCX, NCDEX, NMCE |
| Total branches | Nil | 2000 |
Exclusive Securities and Nirmal Bang 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 Exclusive Securities charging Rs.330 and Nirmal Bang charging Zero.
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 Exclusive Securities Demat account is Rs.250 per Annum and for the Nirmal Bang Demat account is Rs.200. The Trading AMC for Exclusive Securities and Nirmal Bang 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 Exclusive Securities and Nirmal Bang is CDSL.
| Account Opening and Demat Charges | Exclusive Securities | Nirmal Bang |
|---|---|---|
| Trading Account Opening Charges | Rs.330 | Zero |
| Demat AMC (Annual Maintenance Charges) | Rs.250 per Annum | Rs.200 |
| Trading AMC (Annual Maintenance Charges) | Free | Free |
| Margin Money | Minimum Rs.10,000 | Minimum Rs.10,000 |
| Offline to Online Charges | Yes | Yes |
| Depository | CDSL & NSDL | CDSL |
Exclusive Securities and Nirmal Bang 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 Exclusive Securities is 0.50%, while Nirmal Bang 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 Exclusive Securities is 0.05% and for Nirmal Bang also, it is 0.02%.
Equity Futures: Equity futures refers to the purchase and sale of shares at a fixed price on a future date. Exclusive Securities charge 0.05% and Nirmal Bang 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, Exclusive Securities charges Rs.50 per Lot, and Nirmal Bang charges Rs.35 per Lot.
| Equity Brokerage Charges | Exclusive Securities | Nirmal Bang |
|---|---|---|
| Equity Delivery Brokerage | 0.50% | 0.20% |
| Equity Intraday Brokerage | 0.05% | 0.02% |
| Equity Futures Brokerage | 0.05% | 0.02% |
| Equity Options Brokerage | Rs.50 per Lot | Rs.35 per Lot |
Exclusive Securities and Nirmal Bang 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 Exclusive Securities is 0.05% and for Nirmal Bang 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. Exclusive Securities charges Rs.25 per Lot for currency options, whereas Exclusive Securities charges Rs.20 per Lot.
| Currency Brokerage Charges | Exclusive Securities | Nirmal Bang |
|---|---|---|
| Currency Futures Brokerage | 0.05% | 0.02% |
| Currency Options Brokerage | Rs.25 per Lot | Rs.20 per Lot |
Exclusive Securities and Nirmal Bang 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. Exclusive Securities charges 0.05% for commodity trading, while Nirmal Bang charges NA.
| Commodity Brokerage Charges | Exclusive Securities | Nirmal Bang |
|---|---|---|
| Commodity Options Brokerage | 0.05% | NA |
Exclusive Securities and Nirmal Bang Other Charges
Here are some other broker charges that should know about -
Minimum Broker Charges: Exclusive Securities levies a minimum brokerage fee of Percentage of Transaction, while Nirmal Bang charges Percentage of Transacton brokerage fee.
Transaction Brokerage Charges: Exclusive Securities levies a transaction brokerage charge of 0.00325%, while Nirmal Bang charges 0.00390% 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 Exclusive Securities is 0.0002% of Total Turnover and for Exclusive Securities 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 Exclusive Securities are 0.0126% of Total Turnover, while for Nirmal Bang, they are 0.0126% of Total Turnover.
Call and Trade Charges: This charge varies for different brokers. Exclusive Securities charges NA and Nirmal Bang charges Nil.
| Other Brokerage Charges | Exclusive Securities | Nirmal Bang |
|---|---|---|
| Minimum Brokerage Charges | Percentage of Transaction | Percentage of Transacton | Transaction Brokerage Charges | 0.00325% | 0.00390% 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 | Nil |
Exclusive Securities and Nirmal Bang 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 Exclusive Securities is up to Upto 1x and by Nirmal Bang it is up to Upto 3x.
Equity Intraday: Leverage for equity intraday by Exclusive Securities is up to Upto 2x and by Nirmal Bang it is up to Upto 10x.
Equity Futures: Leverage for Equity Futures by Exclusive Securities is up to Upto 3x and by Nirmal Bang it is up to Upto 4x.
Equity Options: Leverage for Equity Options by Exclusive Securities is up to Upto 5x and by Nirmal Bang also, it is up to Upto 5x.
| Equity Leverage | Exclusive Securities | Nirmal Bang |
|---|---|---|
| Equity Delivery | Upto 1x | Upto 3x | Equity Intraday | Upto 2x | Upto 10x | Equity Futures | Upto 3x | Upto 4x | Equity Options | Upto 5x | Upto 5x |
Exclusive Securities and Nirmal Bang Currency Leverage
The currency futures leverage provided by Exclusive Securities is up to Upto 3x, while for Nirmal Bang it is up to Upto 3x.
The currency options leverage provided by Exclusive Securities is up to Upto 1x, while for Nirmal Bang it is up to Upto 2x.
| Currency Leverage | Exclusive Securities | Nirmal Bang |
|---|---|---|
| Currency Futures | Upto 3x | Upto 3x | Currency Options | Upto 1x | Upto 2x |
Exclusive Securities and Nirmal Bang Commodity Leverage
The commodity leverage provided by Exclusive Securities is up to Upto 2x, while for Nirmal Bang it is up to Upto 3x.
| Commodity Leverage | Exclusive Securities | Nirmal Bang |
|---|---|---|
| Commodity | Upto 2x | Upto 3x |
Exclusive Securities and Nirmal Bang 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 | Exclusive Securities | Nirmal Bang |
|---|---|---|
| Free Stock Trading Account | Yes | Yes | Free Demat Account | No | Yes | Flexible Plans | No | Yes | Brokerage Discounts | Yes | Yes | Happy Hours | No | No | 1 Month Free Plan | No | No | Holiday Offers | No | Yes | Referral Program | No | No | Zero Brokerage on Loss Trades | No | No |
Exclusive Securities and Nirmal Bang Features
Equity Trading: Exclusive Securities and Nirmal Bang 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: Exclusive Securities and Nirmal Bang also offer you to trade in currency and commodities.
Initial Public Offering (IPOs): One of the greatest advantages of Exclusive Securities and Nirmal Bang broker is that you can also invest in IPOs. Exclusive Securities also has an added advantage that they provide you with robo-advisory services as well.
Trading Exposure: Different brokers provide different trading exposures. Exclusive Securities offers trading exposure of up to Upto 2x, while Nirmal Bang 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 Exclusive Securities and Nirmal Bang, you can invest in mutual funds through SIP and Lumpsum.
Forex Trading: With Forex Trading, you can trade in various international currencies. Exclusive Securities and Nirmal Bang also allow you to trade in forex trading.
| Features | Exclusive Securities | Nirmal Bang |
|---|---|---|
| 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 | Yes | IPO (Initial public offering) | No | Yes | Stocks Suggestions | No | No | Robo Advisory | No | No | PMS (Portfolio Management Services) | No | Yes |
| Trading Institution | No | No | Trading Exposure | Upto 2x | Upto 10x | Mutual Funds | Yes | Yes | SIP (Systematic Investment Plan) | Yes | Yes | Forex Trading | No | No | Banking | No | No | Insurance | No | Yes |
Exclusive Securities and Nirmal Bang 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. Exclusive Securities and Nirmal Bang 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 | Exclusive Securities | Nirmal Bang |
|---|---|---|
| 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 | Yes | Yes |
| Monthly Reports | Yes | No |
| Weekly reports | Yes | No |
| Offline Advisory | Yes | Yes |
| Relationship Manager | Yes | Yes |
Exclusive Securities and Nirmal Bang 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. Exclusive Securities and Nirmal Bang 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 | Exclusive Securities | Nirmal Bang |
|---|---|---|
| Windows | Yes | Yes |
| Mac | Yes | Yes |
| Desktop Browser | No | Yes |
Exclusive Securities and Nirmal Bang Mobile Trading Platforms
Exclusive Securities and Nirmal Bang offer you mobile trading platforms which can be used in iOS and Android applications.
| Mobile Trading Platforms | Exclusive Securities | Nirmal Bang |
|---|---|---|
| Mobile Browser | Yes | No |
| Android App | Yes | Yes |
| iOS App | Yes | No |
| Windows App | No | No |
| Other mobile os | No | No |
Exclusive Securities and Nirmal Bang 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. Exclusive Securities and Nirmal Bang 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 | Exclusive Securities | Nirmal Bang |
|---|---|---|
| Relationship Manager | No | Yes |
| Offline Trading | Yes | Yes |
| Online Trading | Yes | Yes |
| 24 * 7 Support | No | No |
| Email Support | Yes | No |
| Chat Support | No | No |
| Toll free number | No | No |
| Support Branches | 6 | 50 |
Exclusive Securities and Nirmal Bang 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 Exclusive Securities and Nirmal Bang registered and resolved complaints.
For Exclusive Securities, the Percentage of resolved BSE complaints is NaN % and the Percentage of resolved NSE complaints is 100.00 %.
For Nirmal Bang, the Percentage of resolved BSE complaints is 100.00 % and the Percentage of resolved NSE complaints is 100.00 %.
We can say that Exclusive Securities is better than Nirmal Bang in case of resolving customer complaints.
| BSE Complaints | Exclusive Securities | Nirmal Bang |
|---|---|---|
| BSE Complaints | 0 | 64 |
| BSE Resolved Complaints | 0 | 64 |
| Percentage of resolved BSE complaints | NaN % | 100.00 % |
| NSE Complaints | 1 | 91 |
| NSE Resolved Complaints | 1 | 91 |
| Percentage of resolved NSE complaints | 100.00 % | 100.00 % |
| BSE/NSE Complaint vs. Resolved Percentage | NaN % | 100.00 % |
Frequently Asked Questions
Is Exclusive Securities better than Nirmal Bang?
Exclusive Securities and Nirmal Bang 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 Nirmal Bang better than Exclusive Securities?
Nirmal Bang and Exclusive Securities 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 Exclusive Securities and Nirmal Bang?
Exclusive Securities 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, Exclusive Securities and Nirmal Bang?
To figure out which of the two stockbrokers, Exclusive Securities and Nirmal Bang, is better, compare their brokerage charges, trading platforms, other expenses, research, account opening charges, and so on.
Compare Exclusive Securities with other stock brokers
Visit the following pages to see a detailed comparision report of Exclusive Securities with other brokerage firms.
Compare Nirmal Bang with other stock brokers
Visit the following pages to see a detailed comparision report of Nirmal Bang with other brokerage firms.