Reviews of Stock Brokers


Frr Shares

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 Frr Shares, 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

Frr Shares founded in 2010 by Parag Mehta is a Public company headquartered in Mumbai, Karnataka India. As a Full Service Broker, Frr Shares aims to provide cost-effective buy/sell orders, enabling investors to save money compared to Discount Broker. However, it is crucial to note that Frr Shares operates as a Discount Broker. It offers extensive investment advice and detailed stock analysis for its clients.

OverviewFrr Shares
Broker TypeFull Service Broker
Type of companyPublic
HeadquarterMumbai, Karnataka
FoundersParag Mehta
Foundation Year2010
Supported ExchangesNA
Total branchesNil

Frr Shares Account opening charges

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

Account Opening and Demat ChargesFrr Shares
Trading Account Opening ChargesFree
Demat AMC (Annual Maintenance Charges)Rs.400 per Annum
Trading AMC (Annual Maintenance Charges)Rs.250 per Annum
Margin MoneyZero Margin
Offline to Online ChargesYes
DepositoryCDSL & NSDL

Frr Shares Brokerage Charges

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

Equity Brokerage Charges

Equity Brokerage ChargesFrr Shares
Equity Delivery Brokerage0.25%
Equity Intraday Brokerage0.03%
Equity Futures Brokerage0.03%
Equity Options BrokerageRs.25 per Lot

Currency Brokerage Charges

Currency Brokerage ChargesFrr Shares
Currency Futures Brokerage0.03%
Currency Options BrokerageRs.15 per Lot

Commodity Brokerage Charges

Commodity Brokerage ChargesFrr Shares
Commodity Options Brokerage0.03%

Frr Shares Other Charges

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

Other Brokerage ChargesFrr Shares
Minimum Brokerage ChargesPercentage of Transaction
Transaction Brokerage Charges0.00275%
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

Frr Shares Equity Leverage

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

Equity LeverageFrr Shares
Equity DeliveryUpto 2x
Equity IntradayUpto 10x
Equity FuturesUpto 2x
Equity OptionsUpto 5x

Frr Shares Currency Leverage

Currency LeverageFrr Shares
Currency FuturesUpto 2x
Currency OptionsUpto 3x

Frr Shares Commodity Leverage

Equity LeverageFrr Shares
CommodityUpto 2x

Frr Shares Offers

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

OffersFrr Shares
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

Frr Shares Features

FeaturesFrr Shares
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 InstitutionYes
Trading ExposureUpto 10x
Mutual FundsNo
SIP (Systematic Investment Plan)No
Forex TradingNo
BankingNo
InsuranceNo

Frr Shares 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.

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

Frr Shares Trading Platforms

The Frr Shares 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.


Frr Shares Trading Platforms

Desktop Trading PlatformsFrr Shares
WindowsYes
MacNo
Desktop BrowserNo

Frr Shares Mobile App

The Frr Shares 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 AppFrr Shares
Mobile BrowserNo
Android AppNo
iOS AppNo
Windows AppNo
Other mobile osNo

Frr Shares Web Trading

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


Frr Shares Trade Terminal

Frr Shares 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.


Frr Shares Customer Support

Customer SupportFrr Shares
Relationship ManagerNo
Offline TradingYes
Online TradingYes
24 * 7 SupportNo
Email SupportYes
Chat SupportNo
Toll free numberNo
Support Branches15

Frr Shares 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 Frr Shares.

BSE ComplaintsFrr Shares
BSE Complaints0
BSE Resolved Complaints0
Percentage of resolved BSE complaintsNaN %
NSE Complaints5
NSE Resolved Complaints5
Percentage of resolved NSE complaints100.00 %
BSE/NSE Complaint vs. Resolved PercentageNaN %

Conclusion

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