Reviews of Stock Brokers


Trustline 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 Trustline 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.


Overview

Trustline Securities founded in 1989 by Mukesh Kansal is a Public company headquartered in New Delhi India. As a Full Service Broker, Trustline 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 Trustline Securities operates as a Discount Broker. It offers extensive investment advice and detailed stock analysis for its clients.

OverviewTrustline Securities
Broker TypeFull Service Broker
Type of companyPublic
HeadquarterNew Delhi
FoundersMukesh Kansal
Foundation Year1989
Supported ExchangesBSE, NSE, MCX
Total branchesNil

Trustline Securities Account opening charges

To begin trading with Trustline Securities, you need to open a trading account and a Demat account. Trustline Securities charges Rs.250 for opening a trading account. Additionally, there is an annual maintenance charge (AMC) of Rs.259 per Annum for the Demat account. However, it's worth mentioning that trading AMC is free.

Account Opening and Demat ChargesTrustline Securities
Trading Account Opening ChargesRs.250
Demat AMC (Annual Maintenance Charges)Rs.259 per Annum
Trading AMC (Annual Maintenance Charges)Free
Margin MoneyMinimum Rs.1,500
Offline to Online ChargesYes
DepositoryCDSL & NSDL

Trustline Securities Brokerage Charges

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

Equity Brokerage Charges

Equity Brokerage ChargesTrustline Securities
Equity Delivery Brokerage0.15%
Equity Intraday Brokerage0.02%
Equity Futures Brokerage0.02%
Equity Options BrokerageRs.15 per Lot

Currency Brokerage Charges

Currency Brokerage ChargesTrustline Securities
Currency Futures Brokerage0.02%
Currency Options BrokerageRs.10 per Lot

Commodity Brokerage Charges

Commodity Brokerage ChargesTrustline Securities
Commodity Options Brokerage0.02%

Trustline Securities Other Charges

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

Other Brokerage ChargesTrustline Securities
Minimum Brokerage ChargesPercentage of Transaction
Transaction Brokerage Charges0.00305%
SEBI Turnover Charges0.0002% of Total Turnover
Stamp Duty ChargesAs per the state
GST Charges18% of (Brokerage + Transaction Charges)
STT Charges0.0126% of selling value
Call and Trade ChargesRs 0 (Free)

Trustline Securities Equity Leverage

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

Equity LeverageTrustline Securities
Equity DeliveryUpto 3x
Equity IntradayUpto 5x
Equity FuturesUpto 3x
Equity OptionsUpto 5x

Trustline Securities Currency Leverage

Currency LeverageTrustline Securities
Currency FuturesUpto 4x
Currency OptionsUpto 3x

Trustline Securities Commodity Leverage

Equity LeverageTrustline Securities
CommodityUpto 2x

Trustline Securities Offers

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

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

Trustline Securities Features

FeaturesTrustline Securities
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 5x
Mutual FundsYes
SIP (Systematic Investment Plan)Yes
Forex TradingNo
BankingNo
InsuranceNo

Trustline 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.

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

Trustline Securities Trading Platforms

The Trustline 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.


Trustline Securities Trading Platforms

Desktop Trading PlatformsTrustline Securities
WindowsYes
MacNo
Desktop BrowserYes

Trustline Securities Mobile App

The Trustline 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 AppTrustline Securities
Mobile BrowserYes
Android AppYes
iOS AppYes
Windows AppNo
Other mobile osNo

Trustline Securities Web Trading

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


Trustline Securities Trade Terminal

Trustline 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.


Trustline Securities Customer Support

Customer SupportTrustline Securities
Relationship ManagerYes
Offline TradingYes
Online TradingYes
24 * 7 SupportNo
Email SupportYes
Chat SupportNo
Toll free numberNo
Support Branches13

Trustline 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 Trustline Securities.

BSE ComplaintsTrustline Securities
BSE Complaints1
BSE Resolved Complaints1
Percentage of resolved BSE complaints100.00 %
NSE Complaints15
NSE Resolved Complaints15
Percentage of resolved NSE complaints100.00 %
BSE/NSE Complaint vs. Resolved Percentage100.00 %

Conclusion

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