Reviews of Stock Brokers

ASE Capital Markets

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 ASE Capital Markets, 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.


ASE Capital Markets founded in 2000 by Ahmedabad Stock Exchange is a Public company headquartered in Ahmedabad, Gujarat India. As a Full Service Broker, ASE Capital Markets aims to provide cost-effective buy/sell orders, enabling investors to save money compared to Discount Broker. However, it is crucial to note that ASE Capital Markets operates as a Discount Broker. It offers extensive investment advice and detailed stock analysis for its clients.

OverviewASE Capital Markets
Broker TypeFull Service Broker
Type of companyPublic
HeadquarterAhmedabad, Gujarat
FoundersAhmedabad Stock Exchange
Foundation Year2000
Supported ExchangesNA
Total branchesNil

ASE Capital Markets Account opening charges

To begin trading with ASE Capital Markets, you need to open a trading account and a Demat account. ASE Capital Markets charges Rs.400 for opening a trading account. Additionally, there is an annual maintenance charge (AMC) of Rs.200 for the Demat account. However, it's worth mentioning that trading AMC is free.

Account Opening and Demat ChargesASE Capital Markets
Trading Account Opening ChargesRs.400
Demat AMC (Annual Maintenance Charges)Rs.200
Trading AMC (Annual Maintenance Charges)Rs.300
Margin MoneyMinimum Rs.10,000
Offline to Online ChargesYes
DepositoryCDSL & NSDL

ASE Capital Markets Brokerage Charges

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

Equity Brokerage Charges

Equity Brokerage ChargesASE Capital Markets
Equity Delivery Brokerage0.5% – 0.15%
Equity Intraday Brokerage0.05% – 0.015%
Equity Futures Brokerage0.05% – 0.015%
Equity Options BrokerageRs.20 – Rs.75 per lot

Currency Brokerage Charges

Currency Brokerage ChargesASE Capital Markets
Currency Futures Brokerage0.05% – 0.015%
Currency Options BrokerageRs.20 – Rs.75 per lot

Commodity Brokerage Charges

Commodity Brokerage ChargesASE Capital Markets
Commodity Options Brokerage0.05% – 0.015%

ASE Capital Markets Other Charges

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

Other Brokerage ChargesASE Capital Markets
Minimum Brokerage ChargesPercentage of Transaction
Transaction Brokerage Charges0.00295%
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

ASE Capital Markets Equity Leverage

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

Equity LeverageASE Capital Markets
Equity DeliveryUpto 1x
Equity IntradayUpto 5x
Equity FuturesUpto 3x
Equity OptionsUpto 4x

ASE Capital Markets Currency Leverage

Currency LeverageASE Capital Markets
Currency FuturesUpto 2x
Currency OptionsUpto 3x

ASE Capital Markets Commodity Leverage

Equity LeverageASE Capital Markets
CommodityUpto 2x

ASE Capital Markets Offers

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

OffersASE Capital Markets
Free Stock Trading AccountYes
Free Demat AccountNo
Flexible PlansNo
Brokerage DiscountsNo
Happy HoursNo
1 Month Free PlanNo
Holiday OffersNo
Referral ProgramNo
Zero Brokerage on Loss TradesNo

ASE Capital Markets Features

FeaturesASE Capital Markets
Equity Delivery TradingYes
Equity Intraday TradingYes
Equity Futures TradingYes
Equity Options TradingYes
Currency TradingYes
Commodity TradingNo
IPO (Initial public offering)Yes
Stocks SuggestionsNo
Robo AdvisoryNo
PMS (Portfolio Management Services)No
Trading InstitutionNo
Trading ExposureUpto 5x
Mutual FundsYes
SIP (Systematic Investment Plan)No
Forex TradingNo

ASE Capital Markets 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.

ServicesASE Capital Markets
Fundamental ReportsNo
Research ReportsNo
Company ReportsNo
Annual ReportsNo
Company Stock ReviewNo
Free Stock TipsYes
IPO ReportsNo
Top PicksYes
Daily Market ReviewNo
Monthly ReportsNo
Weekly reportsNo
Offline AdvisoryYes
Relationship ManagerYes

ASE Capital Markets Trading Platforms

The ASE Capital Markets 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.

ASE Capital Markets Trading Platforms

Desktop Trading PlatformsASE Capital Markets
Desktop BrowserNo

ASE Capital Markets Mobile App

The ASE Capital Markets 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 AppASE Capital Markets
Mobile BrowserNo
Android AppNo
iOS AppNo
Windows AppNo
Other mobile osNo

ASE Capital Markets Web Trading

For web-based trading, ASE Capital Markets offers a powerful trading website known as ASE Capital Markets 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.

ASE Capital Markets Trade Terminal

ASE Capital Markets 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.

ASE Capital Markets Customer Support

Customer SupportASE Capital Markets
Relationship ManagerYes
Offline TradingYes
Online TradingNo
24 * 7 SupportNo
Email SupportNo
Chat SupportNo
Toll free numberNo
Support Branches10

ASE Capital Markets 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 ASE Capital Markets.

BSE ComplaintsASE Capital Markets
BSE Complaints1
BSE Resolved Complaints1
Percentage of resolved BSE complaints100.00 %
NSE Complaints2
NSE Resolved Complaints2
Percentage of resolved NSE complaints100.00 %
BSE/NSE Complaint vs. Resolved Percentage100.00 %


In conclusion, ASE Capital Markets 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, ASE Capital Markets can be considered a decent stock broker, but you must examine the pros and cons carefully before making a decision.