Reviews of Stock Brokers

Kantilal Chhaganlal Securities

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 Kantilal Chhaganlal Securities, 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.


Kantilal Chhaganlal Securities founded in 1995 by John Caird is a Private company headquartered in Mumbai, Maharashtra India. As a Full Service Broker, Kantilal Chhaganlal Securities aims to provide cost-effective buy/sell orders, enabling investors to save money compared to Discount Broker. However, it is crucial to note that Kantilal Chhaganlal Securities operates as a Discount Broker. It offers extensive investment advice and detailed stock analysis for its clients.

OverviewKantilal Chhaganlal Securities
Broker TypeFull Service Broker
Type of companyPrivate
HeadquarterMumbai, Maharashtra
FoundersJohn Caird
Foundation Year1995
Supported ExchangesNA
Total branchesNil

Kantilal Chhaganlal Securities Account opening charges

To begin trading with Kantilal Chhaganlal Securities, you need to open a trading account and a Demat account. Kantilal Chhaganlal Securities charges Rs.330 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 ChargesKantilal Chhaganlal Securities
Trading Account Opening ChargesRs.330
Demat AMC (Annual Maintenance Charges)Free
Trading AMC (Annual Maintenance Charges)Free
Margin MoneyMinimum Rs.10,000
Offline to Online ChargesYes
DepositoryCDSL & NSDL

Kantilal Chhaganlal Securities Brokerage Charges

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

Equity Brokerage Charges

Equity Brokerage ChargesKantilal Chhaganlal Securities
Equity Delivery Brokerage0.55%
Equity Intraday Brokerage0.06%
Equity Futures Brokerage0.06%
Equity Options BrokerageRs.55 per Lot

Currency Brokerage Charges

Currency Brokerage ChargesKantilal Chhaganlal Securities
Currency Futures Brokerage0.06%
Currency Options BrokerageRs.30 per Lot

Commodity Brokerage Charges

Commodity Brokerage ChargesKantilal Chhaganlal Securities
Commodity Options BrokerageNA

Kantilal Chhaganlal Securities Other Charges

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

Other Brokerage ChargesKantilal Chhaganlal Securities
Minimum Brokerage ChargesPercentage of Transaction
Transaction Brokerage Charges0.00325%
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

Kantilal Chhaganlal Securities Equity Leverage

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

Equity LeverageKantilal Chhaganlal Securities
Equity DeliveryUpto 2x
Equity IntradayUpto 7x
Equity FuturesUpto 1x
Equity OptionsUpto 6x

Kantilal Chhaganlal Securities Currency Leverage

Currency LeverageKantilal Chhaganlal Securities
Currency FuturesUpto 3x
Currency OptionsUpto 3x

Kantilal Chhaganlal Securities Commodity Leverage

Equity LeverageKantilal Chhaganlal Securities
CommodityUpto 3x

Kantilal Chhaganlal Securities Offers

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

OffersKantilal Chhaganlal Securities
Free Stock Trading AccountYes
Free Demat AccountYes
Flexible PlansNo
Brokerage DiscountsNo
Happy HoursNo
1 Month Free PlanNo
Holiday OffersNo
Referral ProgramNo
Zero Brokerage on Loss TradesNo

Kantilal Chhaganlal Securities Features

FeaturesKantilal Chhaganlal Securities
Equity Delivery TradingYes
Equity Intraday TradingYes
Equity Futures TradingYes
Equity Options TradingYes
Currency TradingYes
Commodity TradingYes
IPO (Initial public offering)No
Stocks SuggestionsNo
Robo AdvisoryNo
PMS (Portfolio Management Services)No
Trading InstitutionYes
Trading ExposureUpto 7x
Mutual FundsYes
SIP (Systematic Investment Plan)Yes
Forex TradingNo

Kantilal Chhaganlal Securities 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.

ServicesKantilal Chhaganlal Securities
Fundamental ReportsNo
Research ReportsNo
Company ReportsNo
Annual ReportsNo
Company Stock ReviewNo
Free Stock TipsYes
IPO ReportsNo
Top PicksYes
Daily Market ReviewYes
Monthly ReportsYes
Weekly reportsYes
Offline AdvisoryYes
Relationship ManagerYes

Kantilal Chhaganlal Securities Trading Platforms

The Kantilal Chhaganlal Securities 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.

Kantilal Chhaganlal Securities Trading Platforms

Desktop Trading PlatformsKantilal Chhaganlal Securities
Desktop BrowserNo

Kantilal Chhaganlal Securities Mobile App

The Kantilal Chhaganlal Securities 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 AppKantilal Chhaganlal Securities
Mobile BrowserYes
Android AppYes
iOS AppYes
Windows AppNo
Other mobile osNo

Kantilal Chhaganlal Securities Web Trading

For web-based trading, Kantilal Chhaganlal Securities offers a powerful trading website known as Kantilal Chhaganlal Securities 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.

Kantilal Chhaganlal Securities Trade Terminal

Kantilal Chhaganlal Securities 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.

Kantilal Chhaganlal Securities Customer Support

Customer SupportKantilal Chhaganlal Securities
Relationship ManagerNo
Offline TradingYes
Online TradingYes
24 * 7 SupportNo
Email SupportYes
Chat SupportNo
Toll free numberNo
Support Branches10

Kantilal Chhaganlal Securities 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 Kantilal Chhaganlal Securities.

BSE ComplaintsKantilal Chhaganlal Securities
BSE Complaints0
BSE Resolved Complaints0
Percentage of resolved BSE complaintsNaN %
NSE Complaints1
NSE Resolved Complaints1
Percentage of resolved NSE complaints100.00 %
BSE/NSE Complaint vs. Resolved PercentageNaN %


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