Reviews of Stock Brokers

Anvil Share Stock Broking

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 Anvil Share Stock Broking, 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.


Anvil Share Stock Broking founded in 1997 by Anuj A. Sheth is a Private company headquartered in Mumbai, Maharashtra India. As a Full Service Broker, Anvil Share Stock Broking aims to provide cost-effective buy/sell orders, enabling investors to save money compared to Discount Broker. However, it is crucial to note that Anvil Share Stock Broking operates as a Discount Broker. It offers extensive investment advice and detailed stock analysis for its clients.

OverviewAnvil Share Stock Broking
Broker TypeFull Service Broker
Type of companyPrivate
HeadquarterMumbai, Maharashtra
FoundersAnuj A. Sheth
Foundation Year1997
Supported ExchangesNA
Total branchesNil

Anvil Share Stock Broking Account opening charges

To begin trading with Anvil Share Stock Broking, you need to open a trading account and a Demat account. Anvil Share Stock Broking charges Zero for opening a trading account. Additionally, there is an annual maintenance charge (AMC) of Rs.350 per Annum for the Demat account. However, it's worth mentioning that trading AMC is free.

Account Opening and Demat ChargesAnvil Share Stock Broking
Trading Account Opening ChargesZero
Demat AMC (Annual Maintenance Charges)Rs.350 per Annum
Trading AMC (Annual Maintenance Charges)Free
Margin MoneyRs.0 – Rs.300,000
Offline to Online ChargesYes
DepositoryCDSL & NSDL

Anvil Share Stock Broking Brokerage Charges

One of the main factors to consider when choosing a stockbroker is the brokerage charges. Anvil Share Stock Broking brokerage charges for various segments are as follows:

Equity Brokerage Charges

Equity Brokerage ChargesAnvil Share Stock Broking
Equity Delivery Brokerage0.40%
Equity Intraday Brokerage0.04%
Equity Futures Brokerage0.04%
Equity Options BrokerageRs.75 per Lot

Currency Brokerage Charges

Currency Brokerage ChargesAnvil Share Stock Broking
Currency Futures Brokerage0.04%
Currency Options BrokerageRs.75 per Lot

Commodity Brokerage Charges

Commodity Brokerage ChargesAnvil Share Stock Broking
Commodity Options BrokerageNA

Anvil Share Stock Broking Other Charges

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

Other Brokerage ChargesAnvil Share Stock Broking
Minimum Brokerage ChargesPercentage of Transaction
Transaction Brokerage Charges0.00325%
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

Anvil Share Stock Broking Equity Leverage

Leverage enables traders to amplify their market exposure using a relatively smaller capital amount. Here's the leverage provided by Anvil Share Stock Broking:

Equity LeverageAnvil Share Stock Broking
Equity DeliveryUpto 2x
Equity IntradayUpto 7x
Equity FuturesUpto 3x
Equity OptionsUpto 5x

Anvil Share Stock Broking Currency Leverage

Currency LeverageAnvil Share Stock Broking
Currency FuturesUpto 3x
Currency OptionsUpto 2x

Anvil Share Stock Broking Commodity Leverage

Equity LeverageAnvil Share Stock Broking
CommodityUpto 3x

Anvil Share Stock Broking Offers

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

OffersAnvil Share Stock Broking
Free Stock Trading AccountYes
Free Demat AccountNo
Flexible PlansNo
Brokerage DiscountsYes
Happy HoursNo
1 Month Free PlanNo
Holiday OffersYes
Referral ProgramNo
Zero Brokerage on Loss TradesNo

Anvil Share Stock Broking Features

FeaturesAnvil Share Stock Broking
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 7x
Mutual FundsNo
SIP (Systematic Investment Plan)No
Forex TradingNo

Anvil Share Stock Broking 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.

ServicesAnvil Share Stock Broking
Fundamental ReportsYes
Research ReportsYes
Company ReportsYes
Annual ReportsYes
Company Stock ReviewYes
Free Stock TipsYes
IPO ReportsYes
Top PicksYes
Daily Market ReviewYes
Monthly ReportsYes
Weekly reportsYes
Offline AdvisoryYes
Relationship ManagerYes

Anvil Share Stock Broking Trading Platforms

The Anvil Share Stock Broking 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.

Anvil Share Stock Broking Trading Platforms

Desktop Trading PlatformsAnvil Share Stock Broking
Desktop BrowserYes

Anvil Share Stock Broking Mobile App

The Anvil Share Stock Broking 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 AppAnvil Share Stock Broking
Mobile BrowserNo
Android AppYes
iOS AppYes
Windows AppNo
Other mobile osNo

Anvil Share Stock Broking Web Trading

For web-based trading, Anvil Share Stock Broking offers a powerful trading website known as Anvil Share Stock Broking 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.

Anvil Share Stock Broking Trade Terminal

Anvil Share Stock Broking 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.

Anvil Share Stock Broking Customer Support

Customer SupportAnvil Share Stock Broking
Relationship ManagerNo
Offline TradingYes
Online TradingYes
24 * 7 SupportNo
Email SupportYes
Chat SupportNo
Toll free numberNo
Support Branches19

Anvil Share Stock Broking 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 Anvil Share Stock Broking.

BSE ComplaintsAnvil Share Stock Broking
BSE Complaints0
BSE Resolved Complaints0
Percentage of resolved BSE complaintsNaN %
NSE Complaints1
NSE Resolved Complaints1
Percentage of resolved NSE complaints100.00 %
BSE/NSE Complaint vs. Resolved PercentageNaN %


In conclusion, Anvil Share Stock Broking 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, Anvil Share Stock Broking can be considered a decent stock broker, but you must examine the pros and cons carefully before making a decision.