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 Tradingbells, 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.


Tradingbells founded in 1999 by Amit Gupta is a Private company headquartered in Indore, Madhya Pradesh India. As a Discount Broker, Tradingbells 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 Tradingbells operates as a full-service brokers. It offers extensive investment advice and detailed stock analysis for its clients.

Broker TypeDiscount Broker
Type of companyPrivate
HeadquarterIndore, Madhya Pradesh
FoundersAmit Gupta
Foundation Year1999
Supported ExchangesNSE, BSE, MCX and NCDEX
Total branchesNil

Tradingbells Account opening charges

To begin trading with Tradingbells, you need to open a trading account and a Demat account. Tradingbells charges Rs.750 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 ChargesTradingbells
Trading Account Opening ChargesRs.750
Demat AMC (Annual Maintenance Charges)Free
Trading AMC (Annual Maintenance Charges)Free
Margin MoneyZero Margin
Offline to Online ChargesYes
DepositoryCDSL & NSDL

Tradingbells Brokerage Charges

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

Equity Brokerage Charges

Equity Brokerage ChargesTradingbells
Equity Delivery BrokerageFree
Equity Intraday Brokerage0.01% or Rs.20 per order
Equity Futures Brokerage0.01% or Rs.20 per order
Equity Options Brokerage0.01% or Rs.20 per order

Currency Brokerage Charges

Currency Brokerage ChargesTradingbells
Currency Futures Brokerage0.01% or Rs.20 per order
Currency Options Brokerage0.01% or Rs.20 per order

Commodity Brokerage Charges

Commodity Brokerage ChargesTradingbells
Commodity Options Brokerage0.01% or Rs.20 per order

Tradingbells Other Charges

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

Other Brokerage ChargesTradingbells
Minimum Brokerage Charges0.01% of total transaction
Transaction Brokerage Charges0.00294% of Total Turnover
SEBI Turnover Charges0.0007% of Total Turnover
Stamp Duty ChargesAs per the state
GST Charges18% of (Brokerage + Transaction Charges)
STT Charges0.0111% of selling value
Call and Trade ChargesAdditional Rs 20 per executed order

Tradingbells Equity Leverage

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

Equity LeverageTradingbells
Equity DeliveryUpto 2x
Equity IntradayUpto 10x
Equity FuturesUpto 4x
Equity OptionsUpto 4x

Tradingbells Currency Leverage

Currency LeverageTradingbells
Currency FuturesUpto 3x
Currency OptionsUpto 3x

Tradingbells Commodity Leverage

Equity LeverageTradingbells
CommodityUpto 3x

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

Tradingbells 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 10x
Mutual FundsYes
SIP (Systematic Investment Plan)Yes
Forex TradingNo

Tradingbells 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 TipsYes
IPO ReportsYes
Top PicksYes
Daily Market ReviewNo
Monthly ReportsNo
Weekly reportsNo
Offline AdvisoryNo
Relationship ManagerNo

Tradingbells Trading Platforms

The Tradingbells 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.

Tradingbells Trading Platforms

Desktop Trading PlatformsTradingbells
Desktop BrowserYes

Tradingbells Mobile App

The Tradingbells 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 AppTradingbells
Mobile BrowserNo
Android AppYes
iOS AppYes
Windows AppNo
Other mobile osNo

Tradingbells Web Trading

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

Tradingbells Trade Terminal

Tradingbells 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.

Tradingbells Customer Support

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

Tradingbells 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 Tradingbells.

BSE ComplaintsTradingbells
BSE Complaints17
BSE Resolved Complaints15
Percentage of resolved BSE complaints88.24 %
NSE Complaints28
NSE Resolved Complaints25
Percentage of resolved NSE complaints89.29 %
BSE/NSE Complaint vs. Resolved Percentage88.76 %


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