Reviews of Stock Brokers


Acumen Capital

When it comes to investing in the stock market, choosing the right stockbroker is of utmost importance. It can significantly impact your trading experience, investment returns, and overall satisfaction. In this article, we will provide an in-depth review of Acumen Capital, one of India's prominent Full Service Broker. We will evaluate various aspects, including brokerage charges, trading platforms, customer support, and more, to help you make an informed decision.


Overview

Acumen Capital founded in 1996 by Akshay Agarwal is a Private company headquartered in Kochi, Kerela India. As a Full Service Broker, Acumen Capital aims to provide cost-effective buy/sell orders, enabling investors to save money compared to Discount Broker. However, it is crucial to note that Acumen Capital operates as a Discount Broker. It offers extensive investment advice and detailed stock analysis for its clients.

OverviewAcumen Capital
Broker TypeFull Service Broker
Type of companyPrivate
HeadquarterKochi, Kerela
FoundersAkshay Agarwal
Foundation Year1996
Supported ExchangesNA
Total branchesNil

Acumen Capital Account opening charges

To begin trading with Acumen Capital, you need to open a trading account and a Demat account. Acumen Capital charges Free for opening a trading account. Additionally, there is an annual maintenance charge (AMC) of Rs.200 per Annum for the Demat account. However, it's worth mentioning that trading AMC is free.

Account Opening and Demat ChargesAcumen Capital
Trading Account Opening ChargesFree
Demat AMC (Annual Maintenance Charges)Rs.200 per Annum
Trading AMC (Annual Maintenance Charges)Free
Margin MoneyMinimum Rs.5,000
Offline to Online ChargesYes
DepositoryCDSL & NSDL

Acumen Capital Brokerage Charges

One of the main factors to consider when choosing a stockbroker is the brokerage charges. Acumen Capital brokerage charges for various segments are as follows:

Equity Brokerage Charges

Equity Brokerage ChargesAcumen Capital
Equity Delivery Brokerage0.20% – 0.40%
Equity Intraday Brokerage0.020% – 0.040%
Equity Futures Brokerage0.020% – 0.040%
Equity Options BrokerageRs.40 – Rs.60 per Lot

Currency Brokerage Charges

Currency Brokerage ChargesAcumen Capital
Currency Futures Brokerage0.020% – 0.040%
Currency Options BrokerageRs.30 – Rs.50 per Lot

Commodity Brokerage Charges

Commodity Brokerage ChargesAcumen Capital
Commodity Options BrokerageNA

Acumen Capital Other Charges

In addition to brokerage charges, there are other charges to consider:

Other Brokerage ChargesAcumen Capital
Minimum Brokerage ChargesPercentage of Transaction
Transaction Brokerage Charges0.00285%
SEBI Turnover Charges0.0002% of Total Turnover
Stamp Duty ChargesAs per the state
GST Charges18% of (Brokerage + Transaction Charges)
STT Charges0.0126% of Total Turnover
Call and Trade ChargesNA

Acumen Capital Equity Leverage

Leverage enables traders to amplify their market exposure using a relatively smaller capital amount. Here's the leverage provided by Acumen Capital:

Equity LeverageAcumen Capital
Equity DeliveryUpto 2x
Equity IntradayUpto 6x
Equity FuturesUpto 3x
Equity OptionsUpto 4x

Acumen Capital Currency Leverage

Currency LeverageAcumen Capital
Currency FuturesUpto 2x
Currency OptionsUpto 2x

Acumen Capital Commodity Leverage

Equity LeverageAcumen Capital
CommodityUpto 2x

Acumen Capital Offers

Numerous stockbrokers are enticing customers with attractive offers in order to expand their client base. Some of these enticing offers include:

OffersAcumen Capital
Free Stock Trading AccountYes
Free Demat AccountNo
Flexible PlansYes
Brokerage DiscountsYes
Happy HoursNo
1 Month Free PlanNo
Holiday OffersNo
Referral ProgramNo
Zero Brokerage on Loss TradesNo

Acumen Capital Features

FeaturesAcumen Capital
Equity Delivery TradingYes
Equity Intraday TradingYes
Equity Futures TradingYes
Equity Options TradingYes
Currency TradingYes
Commodity TradingYes
IPO (Initial public offering)Yes
Stocks SuggestionsNo
Robo AdvisoryNo
PMS (Portfolio Management Services)No
Trading InstitutionNo
Trading ExposureUpto 6x
Mutual FundsYes
SIP (Systematic Investment Plan)Yes
Forex TradingNo
BankingNo
InsuranceNo

Acumen Capital Advisory Services

The key distinction between a discount broker and a full-service broker lies in the range of services offered and the rates at which they are provided.

ServicesAcumen Capital
Fundamental ReportsNo
Research ReportsNo
Company ReportsNo
Annual ReportsNo
Company Stock ReviewNo
Free Stock TipsYes
IPO ReportsYes
Top PicksYes
Daily Market ReviewYes
Monthly ReportsYes
Weekly reportsYes
Offline AdvisoryYes
Relationship ManagerYes

Acumen Capital Trading Platforms

The Acumen Capital trading software comprises various trading platforms suitable for the diverse needs of the customers. It is built on IIFL's trading platform. It has been trusted by customers for the past two decades. The trading platform is available in three different forms. Namely: a mobile app, a web browser-based platform, and an installable desktop trading application.


Acumen Capital Trading Platforms

Desktop Trading PlatformsAcumen Capital
WindowsYes
MacYes
Desktop BrowserNo

Acumen Capital Mobile App

The Acumen Capital mobile app allows users to trade on the go and provides access to trading at BSE/NSE and robo advisory services. Customers can download the app for free from either the google app store or the apple app Store. The app is designed to be simple and intuitive, enabling users to buy stocks, trade in stock and currency futures & options, and invest in mutual funds, ETFs, bonds, and more.

Mobile AppAcumen Capital
Mobile BrowserNo
Android AppYes
iOS AppYes
Windows AppNo
Other mobile osNo

Acumen Capital Web Trading

For web-based trading, Acumen Capital offers a powerful trading website known as Acumen Capital trader station. This website can be accessed through any web browser on computers, laptops, mobile devices, or tablets. It provides a wide range of trading and investment options within a single domain. The web platform is seamlessly integrated with payment gateways and banks, enabling instant fund transfers.


Acumen Capital Trade Terminal

Acumen Capital offers a trade terminal, which is a downloadable trading terminal specifically developed for active traders seeking advanced trading features. This desktop application offers real-time data and advanced charts for monitoring intraday and historic stock prices. It also offers a variety of keyboard shortcuts to facilitate real-time market monitoring and faster order placement.


Acumen Capital Customer Support

Customer SupportAcumen Capital
Relationship ManagerNo
Offline TradingYes
Online TradingYes
24 * 7 SupportNo
Email SupportYes
Chat SupportNo
Toll free numberNo
Support Branches11

Acumen Capital Complaints

Understanding the number of customer complaints received by a brokerage firm can provide insights into the quality and reliability of their services. The following table shows the information regarding the complaints received by Acumen Capital.

BSE ComplaintsAcumen Capital
BSE Complaints106
BSE Resolved Complaints104
Percentage of resolved BSE complaints98.11 %
NSE Complaints151
NSE Resolved Complaints149
Percentage of resolved NSE complaints98.68 %
BSE/NSE Complaint vs. Resolved Percentage98.39 %

Conclusion

In conclusion, Acumen Capital offers a range of trading and investment options through its user-friendly platforms. With competitive pricing and several investment choices, it is one of the best options for investors. However, the lack of comprehensive customer support and the number of customer complaints are areas of concern. Considering all the features and user experience, Acumen Capital can be considered a decent stock broker, but you must examine the pros and cons carefully before making a decision.