Reviews of Stock Brokers

Globe Capital

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 Globe Capital, 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

Globe Capital founded in 1985 by Ashok Kumar Agarwal is a Public company headquartered in New Delhi, Delhi India. As a Full Service Broker, Globe Capital aims to provide cost-effective buy/sell orders, enabling investors to save money compared to Discount Broker. However, it is crucial to note that Globe Capital operates as a Discount Broker. It offers extensive investment advice and detailed stock analysis for its clients.

Globe Capital Account opening charges

To begin trading with Globe Capital, you need to open a trading account and a Demat account. Globe Capital charges Rs.750 for opening a trading account. Additionally, there is an annual maintenance charge (AMC) of Rs.450 for the Demat account. However, it's worth mentioning that trading AMC is free.

Globe Capital Brokerage Charges

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

• Equity delivery: Globe Capital offers free brokerage for equity delivery trades. This means you can buy and hold stocks without incurring any brokerage charges.
• Equity intraday: For equity intraday trades, Globe Capital charges a flat rate of 0.03% per order.
• Equity futures: The brokerage charge for equity futures is also 0.03% per order.
• Equity options: Globe Capital charges Rs.50 per Lot per order for equity options trading.
• Currency: For currency futures and options trading, Globe Capital charges 0.03% per order.
• Commodity: The brokerage charge for commodity trading is NA per order.

Equity Brokerage Charges

Currency Brokerage Charges

Commodity Brokerage Charges

Globe Capital Other Charges

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

• Minimum brokerage charges: Globe Capital imposes a minimum brokerage charge of Percentage of Transacton.
• Transaction brokerage charges: A customer incurs transaction brokerage charges, which amount to 0.00325% of Total Turnover of the total turnover.
• SEBI turnover charges: Securities and Exchange Board of India (SEBI) levies turnover charges, which are 0.0002% of Total Turnover.
• Stamp duty charges: Stamp duty charges differ based on the state and the specific category of asset.
• GST charges: A GST of 18% of (Brokerage + Transaction Charges) is applied to brokerage and transaction charges.
• STT (Securities transaction tax): Globe Capital charges 0.0126% of Total Turnover of the total turnover as STT.
• Call and trade charges: If you place orders through call and trade, Globe Capital charges Nil.

Globe Capital Equity Leverage

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

Globe Capital Currency Leverage

Globe Capital Commodity Leverage

Globe Capital Offers

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

Globe Capital Features

• Discount Broker:

  Globe Capital is a leading online stock broker in India that offers discount brokerage services to retail investors. It charges a flat rate of Percentage of Transacton per order executed, regardless of the trade size, segment, or exchange.

• Range of Investment Products:

  Globe Capital is a one-stop shop for various financial investment products. It allows investors to trade in equity, commodity, and currency at BSE, NSE, and MCX. Additionally, it offers investment options in mutual funds, gold, peer-to-peer lending, insurance, and US investments.

• Subscription Plans:

  Globe Capital provides three subscription plans: Basic pack, power investor pack, and ultra trader pack. These plans offer different benefits, including reduced brokerage fees, free trades, research advisory, and dedicated customer support.

• Research and Advisory Services:

  Globe Capital stands out by offering exhaustive research and advisory services. It provides short-term and long-term investment ideas, derivative strategies, and portfolio-based investment ideas. The platform also offers a portfolio analyzer tool to analyze the performance of your investments.

• Margin Funding:

  Globe Capital provides margin funding services. These enable you to make partial payments for your purchases in the cash segment. The balance is funded by Globe Capital at a nominal rate.

• Mobile Trading App and Trading Platforms:

  Globe Capital provides a user-friendly mobile trading app, a web-based trading website, and an installable trading terminal. These platforms are built on the latest technology and offer seamless trading experiences. The mobile app allows trading, robo-advisory, and access to various investment options.

• Demat Account Services:

  Globe Capital offers demat account services through its membership with CDSL. It has been recognized as a premier depository participant by CDSL.

• Low Charges:

  Globe Capital is known for its lowest charges in the industry. It charges a flat fee of 0.03% per order executed, and the platform also offers value-add packs for additional benefits. Additionally, 5Paisa provides free account opening and brokerage-free mutual funds.

• Algo Trading and Robo Advisory:

  Globe Capital provides algo trading services and robo-advisory to its customers. These services help automate trading strategies and offer personalized investment advice based on risk profiles and return expectations.

• Customer Support:

  Globe Capital offers dedicated customer support for its subscribers. The power investor pack and ultra trader pack include free customer support services.

Globe Capital 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.

Globe Capital Trading Platforms

The Globe Capital 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.

Globe Capital Trading Platforms

Globe Capital Mobile App

The Globe Capital 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.

Globe Capital Web Trading

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

Globe Capital Trade Terminal

Globe Capital 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.

Globe Capital Customer Support

• Relationship manager: Yes, Globe Capital does offer a dedicated relationship manager for customers. However, they provide other channels for support.
• Offline trading support: Yes, Globe Capital does offer offline trading support. All trading activities are conducted online.
• Online trading support: Globe Capital provides online trading support to customers. Their trading platform is accessible via mobile app, web browser, and desktop application, allowing customers to trade conveniently.
• 24*7 support: Globe Capital provides extensive customer support to assist customers during regular business hours. You can easily connect with their dedicated support team for any assistance you may need.
• Email support: Customers can contact Globe Capital’s customer support team via email for assistance. They provide an email address where customers can send their queries and concerns.
• Chat support: Globe Capital does not currently offer chat support as a customer service channel. However, customers can reach out through other available channels.
• Toll-free number: Globe Capital does not provide a toll-free number for customer support. However, they may have a regular helpline number that customers can use to seek assistance.
• Support branches: Yes, Globe Capital has physical support branches where customers can visit for assistance. In addition, customer support is also provided through remote channels.

Globe Capital 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 Globe Capital.

Conclusion

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