Reviews of Stock Brokers


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 Compositedge, one of India's prominent Discount Broker. We will evaluate various aspects, including brokerage charges, trading platforms, customer support, and more, to help you make an informed decision.


Compositedge founded in 1997 by Mukesh Patel, Satish Dutt & Brijesh Patel is a Private company headquartered in Bangalore, Karnataka India. As a Discount Broker, Compositedge aims to provide cost-effective buy/sell orders, enabling investors to save money compared to full-service brokers. However, it is crucial to note that Compositedge operates as a full-service brokers. It offers extensive investment advice and detailed stock analysis for its clients.

Broker TypeDiscount Broker
Type of companyPrivate
HeadquarterBangalore, Karnataka
FoundersMukesh Patel, Satish Dutt & Brijesh Patel
Foundation Year1997
Supported ExchangesNA
Total branchesNil

Compositedge Account opening charges

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

Account Opening and Demat ChargesCompositedge
Trading Account Opening ChargesRs.400
Demat AMC (Annual Maintenance Charges)Free
Trading AMC (Annual Maintenance Charges)Free
Margin MoneyZero Margin
Offline to Online ChargesYes
DepositoryCDSL & NSDL

Compositedge Brokerage Charges

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

Equity Brokerage Charges

Equity Brokerage ChargesCompositedge
Equity Delivery BrokerageRs.15 per executed order
Equity Intraday BrokerageRs.15 per executed order
Equity Futures BrokerageRs.15 per executed order
Equity Options BrokerageRs.15 per executed order

Currency Brokerage Charges

Currency Brokerage ChargesCompositedge
Currency Futures BrokerageRs.15 per executed order
Currency Options BrokerageRs.15 per executed order

Commodity Brokerage Charges

Commodity Brokerage ChargesCompositedge
Commodity Options BrokerageRs.15 per executed order

Compositedge Other Charges

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

Other Brokerage ChargesCompositedge
Minimum Brokerage ChargesRs.15
Transaction Brokerage Charges0.00325% of Total Turnover
SEBI Turnover Charges0.0006% of Total Turnover
Stamp Duty ChargesAs per the state
GST Charges18% of (Brokerage + Transaction Charges)
STT Charges0.0116% of Total Turnover
Call and Trade ChargesNA

Compositedge Equity Leverage

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

Equity LeverageCompositedge
Equity DeliveryUpto 2x
Equity IntradayUpto 5x
Equity FuturesUpto 3x
Equity OptionsUpto 3x

Compositedge Currency Leverage

Currency LeverageCompositedge
Currency FuturesUpto 2x
Currency OptionsUpto 2x

Compositedge Commodity Leverage

Equity LeverageCompositedge
CommodityUpto 2x

Compositedge Offers

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

Free Stock Trading AccountYes
Free Demat AccountNo
Flexible PlansNo
Brokerage DiscountsYes
Happy HoursNo
1 Month Free PlanNo
Holiday OffersNo
Referral ProgramYes
Zero Brokerage on Loss TradesNo

Compositedge Features

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

Compositedge 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.

Fundamental ReportsNo
Research ReportsNo
Company ReportsNo
Annual ReportsNo
Company Stock ReviewNo
Free Stock TipsNo
IPO ReportsNo
Top PicksNo
Daily Market ReviewNo
Monthly ReportsNo
Weekly reportsNo
Offline AdvisoryNo
Relationship ManagerNo

Compositedge Trading Platforms

The Compositedge 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.

Compositedge Trading Platforms

Desktop Trading PlatformsCompositedge
Desktop BrowserYes

Compositedge Mobile App

The Compositedge 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 AppCompositedge
Mobile BrowserYes
Android AppNo
iOS AppNo
Windows AppNo
Other mobile osNo

Compositedge Web Trading

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

Compositedge Trade Terminal

Compositedge 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.

Compositedge Customer Support

Customer SupportCompositedge
Relationship ManagerNo
Offline TradingNo
Online TradingYes
24 * 7 SupportNo
Email SupportYes
Chat SupportNo
Toll free numberNo
Support Branches0

Compositedge 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 Compositedge.

BSE ComplaintsCompositedge
BSE Complaints15
BSE Resolved Complaints14
Percentage of resolved BSE complaints93.33 %
NSE Complaints34
NSE Resolved Complaints31
Percentage of resolved NSE complaints91.18 %
BSE/NSE Complaint vs. Resolved Percentage92.25 %


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