Reviews of Stock Brokers

Prabhudas Lilladher

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 Prabhudas Lilladher, 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.


Prabhudas Lilladher founded in 1984 by Arun Sheth is a Private company headquartered in Mumbai, Maharashtra India. As a Full Service Broker, Prabhudas Lilladher aims to provide cost-effective buy/sell orders, enabling investors to save money compared to Discount Broker. However, it is crucial to note that Prabhudas Lilladher operates as a Discount Broker. It offers extensive investment advice and detailed stock analysis for its clients.

OverviewPrabhudas Lilladher
Broker TypeFull Service Broker
Type of companyPrivate
HeadquarterMumbai, Maharashtra
FoundersArun Sheth
Foundation Year1984
Supported ExchangesNA
Total branchesNil

Prabhudas Lilladher Account opening charges

To begin trading with Prabhudas Lilladher, you need to open a trading account and a Demat account. Prabhudas Lilladher charges Rs.999 for opening a trading account. Additionally, there is an annual maintenance charge (AMC) of Rs.650 for the Demat account. However, it's worth mentioning that trading AMC is free.

Account Opening and Demat ChargesPrabhudas Lilladher
Trading Account Opening ChargesRs.999
Demat AMC (Annual Maintenance Charges)Rs.650
Trading AMC (Annual Maintenance Charges)Zero
Margin MoneyRs.25,000 Minimum
Offline to Online ChargesYes
DepositoryCDSL & NSDL

Prabhudas Lilladher Brokerage Charges

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

Equity Brokerage Charges

Equity Brokerage ChargesPrabhudas Lilladher
Equity Delivery Brokerage0.10%
Equity Intraday Brokerage0.01%
Equity Futures Brokerage0.01%
Equity Options BrokerageRs.20 per lot

Currency Brokerage Charges

Currency Brokerage ChargesPrabhudas Lilladher
Currency Futures Brokerage0.01%
Currency Options BrokerageRs.10 per lot

Commodity Brokerage Charges

Commodity Brokerage ChargesPrabhudas Lilladher
Commodity Options BrokerageNA

Prabhudas Lilladher Other Charges

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

Other Brokerage ChargesPrabhudas Lilladher
Minimum Brokerage ChargesPercentage of Transacton
Transaction Brokerage Charges0.00330% of Total Turnover
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

Prabhudas Lilladher Equity Leverage

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

Equity LeveragePrabhudas Lilladher
Equity DeliveryUpto 2x
Equity IntradayUpto 5x
Equity FuturesUpto 2x
Equity OptionsUpto 5x

Prabhudas Lilladher Currency Leverage

Currency LeveragePrabhudas Lilladher
Currency FuturesUpto 2x
Currency OptionsUpto 3x

Prabhudas Lilladher Commodity Leverage

Equity LeveragePrabhudas Lilladher
CommodityUpto 2x

Prabhudas Lilladher Offers

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

OffersPrabhudas Lilladher
Free Stock Trading AccountYes
Free Demat AccountYes
Flexible PlansYes
Brokerage DiscountsNo
Happy HoursNo
1 Month Free PlanNo
Holiday OffersNo
Referral ProgramNo
Zero Brokerage on Loss TradesNo

Prabhudas Lilladher Features

FeaturesPrabhudas Lilladher
Equity Delivery TradingYes
Equity Intraday TradingYes
Equity Futures TradingYes
Equity Options TradingYes
Currency TradingYes
Commodity TradingNo
IPO (Initial public offering)Yes
Stocks SuggestionsNo
Robo AdvisoryYes
PMS (Portfolio Management Services)Yes
Trading InstitutionNo
Trading ExposureUpto 5x
Mutual FundsYes
SIP (Systematic Investment Plan)Yes
Forex TradingNo

Prabhudas Lilladher 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.

ServicesPrabhudas Lilladher
Fundamental ReportsNo
Research ReportsNo
Company ReportsNo
Annual ReportsNo
Company Stock ReviewYes
Free Stock TipsYes
IPO ReportsNo
Top PicksYes
Daily Market ReviewNo
Monthly ReportsNo
Weekly reportsNo
Offline AdvisoryYes
Relationship ManagerYes

Prabhudas Lilladher Trading Platforms

The Prabhudas Lilladher 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.

Prabhudas Lilladher Trading Platforms

Desktop Trading PlatformsPrabhudas Lilladher
Desktop BrowserYes

Prabhudas Lilladher Mobile App

The Prabhudas Lilladher 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 AppPrabhudas Lilladher
Mobile BrowserYes
Android AppYes
iOS AppYes
Windows AppNo
Other mobile osNo

Prabhudas Lilladher Web Trading

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

Prabhudas Lilladher Trade Terminal

Prabhudas Lilladher 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.

Prabhudas Lilladher Customer Support

Customer SupportPrabhudas Lilladher
Relationship ManagerYes
Offline TradingYes
Online TradingYes
24 * 7 SupportNo
Email SupportYes
Chat SupportNo
Toll free numberNo
Support Branches35

Prabhudas Lilladher 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 Prabhudas Lilladher.

BSE ComplaintsPrabhudas Lilladher
BSE Complaints3
BSE Resolved Complaints3
Percentage of resolved BSE complaints100.00 %
NSE Complaints5
NSE Resolved Complaints5
Percentage of resolved NSE complaints100.00 %
BSE/NSE Complaint vs. Resolved Percentage100.00 %


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