Reviews of Stock Brokers


Bhumika Consultancy

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 Bhumika Consultancy, 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

Bhumika Consultancy founded in 1999 by Nituben Dineshbhai Ghuria is a Private company headquartered in Palanpur, Gujarat India. As a Full Service Broker, Bhumika Consultancy aims to provide cost-effective buy/sell orders, enabling investors to save money compared to Discount Broker. However, it is crucial to note that Bhumika Consultancy operates as a Discount Broker. It offers extensive investment advice and detailed stock analysis for its clients.

OverviewBhumika Consultancy
Broker TypeFull Service Broker
Type of companyPrivate
HeadquarterPalanpur, Gujarat
FoundersNituben Dineshbhai Ghuria
Foundation Year1999
Supported ExchangesNA
Total branchesNil

Bhumika Consultancy Account opening charges

To begin trading with Bhumika Consultancy, you need to open a trading account and a Demat account. Bhumika Consultancy charges Rs.100 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 ChargesBhumika Consultancy
Trading Account Opening ChargesRs.100
Demat AMC (Annual Maintenance Charges)Rs.350 per Annum
Trading AMC (Annual Maintenance Charges)Rs.250 per Annum
Margin MoneyZero Margin
Offline to Online ChargesYes
DepositoryCDSL & NSDL

Bhumika Consultancy Brokerage Charges

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

Equity Brokerage Charges

Equity Brokerage ChargesBhumika Consultancy
Equity Delivery Brokerage0.25%
Equity Intraday Brokerage0.03%
Equity Futures Brokerage0.03%
Equity Options BrokerageRs.25 per Lot

Currency Brokerage Charges

Currency Brokerage ChargesBhumika Consultancy
Currency Futures Brokerage0.03%
Currency Options BrokerageRs.15 per Lot

Commodity Brokerage Charges

Commodity Brokerage ChargesBhumika Consultancy
Commodity Options Brokerage0.03%

Bhumika Consultancy Other Charges

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

Other Brokerage ChargesBhumika Consultancy
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

Bhumika Consultancy Equity Leverage

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

Equity LeverageBhumika Consultancy
Equity DeliveryUpto 2x
Equity IntradayUpto 5x
Equity FuturesUpto 2x
Equity OptionsUpto 6x

Bhumika Consultancy Currency Leverage

Currency LeverageBhumika Consultancy
Currency FuturesUpto 2x
Currency OptionsUpto 3x

Bhumika Consultancy Commodity Leverage

Equity LeverageBhumika Consultancy
CommodityUpto 2x

Bhumika Consultancy Offers

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

OffersBhumika Consultancy
Free Stock Trading AccountNo
Free Demat AccountNo
Flexible PlansNo
Brokerage DiscountsNo
Happy HoursNo
1 Month Free PlanNo
Holiday OffersYes
Referral ProgramNo
Zero Brokerage on Loss TradesNo

Bhumika Consultancy Features

FeaturesBhumika Consultancy
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 5x
Mutual FundsYes
SIP (Systematic Investment Plan)Yes
Forex TradingNo
BankingNo
InsuranceNo

Bhumika Consultancy 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.

ServicesBhumika Consultancy
Fundamental ReportsNo
Research ReportsNo
Company ReportsNo
Annual ReportsNo
Company Stock ReviewNo
Free Stock TipsYes
IPO ReportsYes
Top PicksNo
Daily Market ReviewNo
Monthly ReportsNo
Weekly reportsNo
Offline AdvisoryYes
Relationship ManagerYes

Bhumika Consultancy Trading Platforms

The Bhumika Consultancy 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.


Bhumika Consultancy Trading Platforms

Desktop Trading PlatformsBhumika Consultancy
WindowsYes
MacYes
Desktop BrowserNo

Bhumika Consultancy Mobile App

The Bhumika Consultancy 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 AppBhumika Consultancy
Mobile BrowserNo
Android AppYes
iOS AppYes
Windows AppNo
Other mobile osNo

Bhumika Consultancy Web Trading

For web-based trading, Bhumika Consultancy offers a powerful trading website known as Bhumika Consultancy 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.


Bhumika Consultancy Trade Terminal

Bhumika Consultancy 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.


Bhumika Consultancy Customer Support

Customer SupportBhumika Consultancy
Relationship ManagerNo
Offline TradingYes
Online TradingYes
24 * 7 SupportNo
Email SupportYes
Chat SupportNo
Toll free numberNo
Support Branches4

Bhumika Consultancy 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 Bhumika Consultancy.

BSE ComplaintsBhumika Consultancy
BSE Complaints0
BSE Resolved Complaints0
Percentage of resolved BSE complaintsNaN %
NSE Complaints0
NSE Resolved Complaints0
Percentage of resolved NSE complaintsNaN %
BSE/NSE Complaint vs. Resolved PercentageNaN %

Conclusion

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