Top Stock Advisory
Trustline Securities vs. Vertex Securities
All stockbrokers charge you a fee for carrying out trading transactions. They charge you different fees for different asset classes. So, to maximize your returns and best trading experience, you need to choose the best stock broker.
Among the best stockbrokers in India, two top names are Trustline Securities and Vertex Securities. Please find a thorough comparison study for both the stock brokers, and find the table below for the comparison of Trustline Securities and Vertex Securities.
Overview
Trustline Securities and Vertex Securities are both public companies and both are full service broker as well. Mukesh Kansal co-founded Trustline Securities in 1989. And Vertex Securities was founded in the year 1993 by Ramachandran Unnikrishnan. Trustline Securities's headquarters are in New Delhi and Vertex Securities's headquarters are in Ernakulum, Kerala.
Trustline Securities and Vertex Securities both are full service broker as well. Trustline Securities is registered in BSE, NSE, MCX, while Vertex Securities is registered in NA. The total branches of Trustline Securities are Nil and the Vertex Securities branches are Nil.
Overview | Trustline Securities | Vertex Securities |
---|---|---|
Broker Type | Full Service Broker | Full Service Broker |
Type of company | Public | Public |
Headquarter | New Delhi | Ernakulum, Kerala |
Founders | Mukesh Kansal | Ramachandran Unnikrishnan |
Foundation Year | 1989 | 1993 |
Supported Exchanges | BSE, NSE, MCX | NA |
Total branches | Nil | Nil |
Trustline Securities and Vertex Securities Trading Account Opening and Demat Charges
A dematerialization account, also known as a Demat account keeps the securities in an electronic form that are deposited with National Securities Depository Limited (NSDL) or Central Depository Services Limited (CDSL).
Account opening fees for various brokers range from 0 to Rs.200, with Trustline Securities charging Rs.250 and Vertex Securities charging Rs.500.
When you open a Demat account, you must pay specific fees such as account maintenance fees, broker commissions, GST, and STT. When you open a Demat account, you must pay specific fees such as account maintenance charges, broker commissions, GST, and STT. So, account maintenance charges (AMC) for the Trustline Securities Demat account is Rs.259 per Annum and for the Vertex Securities Demat account is Free. The Trading AMC for Trustline Securities and Vertex Securities is free. And the margin money for both brokers is also zero.
As we know that NSDL and CDSL are the two depositories in India registered by Indian Government which holds various securities in electronic form like stocks, bonds, etc. So, the depository for both Trustline Securities and Vertex Securities is CDSL.
Account Opening and Demat Charges | Trustline Securities | Vertex Securities |
---|---|---|
Trading Account Opening Charges | Rs.250 | Rs.500 |
Demat AMC (Annual Maintenance Charges) | Rs.259 per Annum | Free |
Trading AMC (Annual Maintenance Charges) | Free | Rs.100 per Annum |
Margin Money | Minimum Rs.1,500 | Minimum 7,000 |
Offline to Online Charges | Yes | Yes |
Depository | CDSL & NSDL | CDSL & NSDL |
Trustline Securities and Vertex Securities Equity Brokerage Charges
There are more charges that a broker charges for equity transactions.
Equity delivery charges: This means holding the stocks for a certain period of time and selling it when you make a profit. Different brokers charge different rates on Equity Delivery. The Equity Delivery charges for Trustline Securities is 0.15%, while Vertex Securities charges you 0.15%.
Equity Intraday: This means when you buy and sell stocks on the same day. So, the equity intraday brokerage charges for Trustline Securities is 0.02% and for Vertex Securities also, it is 0.02%.
Equity Futures: Equity futures refers to the purchase and sale of shares at a fixed price on a future date. Trustline Securities charge 0.02% and Vertex Securities charge 0.02% for equity futures.
Equity Options: These are contracts that allow an investor to buy or sell equities at a predetermined or strike price, (1 contract=100 shares). For equity options, Trustline Securities charges Rs.15 per Lot, and Vertex Securities charges Rs.15 per Lot.
Equity Brokerage Charges | Trustline Securities | Vertex Securities |
---|---|---|
Equity Delivery Brokerage | 0.15% | 0.15% |
Equity Intraday Brokerage | 0.02% | 0.02% |
Equity Futures Brokerage | 0.02% | 0.02% |
Equity Options Brokerage | Rs.15 per Lot | Rs.15 per Lot |
Trustline Securities and Vertex Securities Currency Brokerage Charges
Currency trading is also known as forex trading, which is used to buy and sell currency pairs. Most brokers offer this trading service.
Currency Future: It is also known as Foreign exchange futures. It is a type of contract where buying and selling of currencies is done on a future date at a fixed price. The Currency Futures Brokerage for Trustline Securities is 0.02% and for Vertex Securities is 0.02%.
Currency Options: A currency option, like an equity option, is a contract that allows a buyer the right (but not the responsibility) to purchase or sell a specified currency at a fixed exchange rate on or before a particular date. Trustline Securities charges Rs.10 per Lot for currency options, whereas Trustline Securities charges Rs.10 per Lot.
Currency Brokerage Charges | Trustline Securities | Vertex Securities |
---|---|---|
Currency Futures Brokerage | 0.02% | 0.02% |
Currency Options Brokerage | Rs.10 per Lot | Rs.10 per Lot |
Trustline Securities and Vertex Securities Commodity Brokerage Charges
Commodity Trading: Commodity trading involves the purchase and sale of various commodities such as gold, silver, agriculture, and energy, as well as their derivative products. Trustline Securities charges 0.02% for commodity trading, while Vertex Securities charges 0.02%.
Commodity Brokerage Charges | Trustline Securities | Vertex Securities |
---|---|---|
Commodity Options Brokerage | 0.02% | 0.02% |
Trustline Securities and Vertex Securities Other Charges
Here are some other broker charges that should know about -
Minimum Broker Charges: Trustline Securities levies a minimum brokerage fee of Percentage of Transaction, while Vertex Securities charges Percentage of Transaction brokerage fee.
Transaction Brokerage Charges: Trustline Securities levies a transaction brokerage charge of 0.00305%, while Vertex Securities charges 0.00319%.
SEBI Turnover Charges: Securities and Exchange Board of India (SEBI) is the market regularly and monitors fair trade practices. They also charge a small fee known as the SEBI Turnover fee. So, the SEBI Turnover charges for Trustline Securities is 0.0002% of Total Turnover and for Trustline Securities is 0.0002% of Total Turnover.
Stamp Duty Charges: This fee is charged as per the state and asset class.
GST Charges (Goods and Services Tax): GST of 18% is charged (brokerage and transaction charges)
STT (Securities Transaction Tax): The STT charges for Trustline Securities are 0.0126% of selling value, while for Vertex Securities, they are 0.0126% of Total Turnover.
Call and Trade Charges: This charge varies for different brokers. Trustline Securities charges Rs 0 (Free) and Vertex Securities charges NA.
Other Brokerage Charges | Trustline Securities | Vertex Securities |
---|---|---|
Minimum Brokerage Charges | Percentage of Transaction | Percentage of Transaction | Transaction Brokerage Charges | 0.00305% | 0.00319% | SEBI Turnover Charges | 0.0002% of Total Turnover | 0.0002% of Total Turnover | Stamp Duty Charges | As per the state | As per the state | GST Charges | 18% of (Brokerage + Transaction Charges) | 18% of (Brokerage + Transaction Charges) | STT Charges | 0.0126% of selling value | 0.0126% of Total Turnover | Call and Trade Charges | Rs 0 (Free) | NA |
Trustline Securities and Vertex Securities Equity Exposure/Leverage
With the leverage, you can trade for a much higher amount than you actually pay for it. It means to borrow money for buying securities. For example, if you want to buy stocks for Rs. 5,00,000, but have only funds of Rs. 2,00,000. Then, you can get the remaining 3,00,000 Rs. from the broker by paying them some margin amount.
Equity Delivery: Leverage provided for Equity Delivery by Trustline Securities is up to Upto 3x and by Vertex Securities it is up to Upto 2x.
Equity Intraday: Leverage for equity intraday by Trustline Securities is up to Upto 5x and by Vertex Securities it is up to Upto 6x.
Equity Futures: Leverage for Equity Futures by Trustline Securities is up to Upto 3x and by Vertex Securities it is up to Upto 2x.
Equity Options: Leverage for Equity Options by Trustline Securities is up to Upto 5x and by Vertex Securities also, it is up to Upto 5x.
Equity Leverage | Trustline Securities | Vertex Securities |
---|---|---|
Equity Delivery | Upto 3x | Upto 2x | Equity Intraday | Upto 5x | Upto 6x | Equity Futures | Upto 3x | Upto 2x | Equity Options | Upto 5x | Upto 5x |
Trustline Securities and Vertex Securities Currency Leverage
The currency futures leverage provided by Trustline Securities is up to Upto 4x, while for Vertex Securities it is up to Upto 2x.
The currency options leverage provided by Trustline Securities is up to Upto 3x, while for Vertex Securities it is up to Upto 3x.
Currency Leverage | Trustline Securities | Vertex Securities |
---|---|---|
Currency Futures | Upto 4x | Upto 2x | Currency Options | Upto 3x | Upto 3x |
Trustline Securities and Vertex Securities Commodity Leverage
The commodity leverage provided by Trustline Securities is up to Upto 2x, while for Vertex Securities it is up to Upto 3x.
Commodity Leverage | Trustline Securities | Vertex Securities |
---|---|---|
Commodity | Upto 2x | Upto 3x |
Trustline Securities and Vertex Securities Offers
Brokers offer various exciting offers to entice new customers. Here are some of them:
Free Stock Trading and Demat Accounts: many brokers offer new investors to open an account free to cost and start trading straight away with them.
Flexible Plans: attractive plans at an economical price such as ProStocks monthly plan targeting equity cash and currency F&O at Rs.899 and Rs.499, respectively.
Brokerage Discounts: Coupons providing up to 50% discount at their rates.
Happy Hours: A specific time slot where the trades/customers get broker's services at a discount.
1-month Free Plan: where brokers provide free delivery trading such as OneTradePlus.
Holiday Offers: brokers are providing their services at a discounted rate on special events such as Diwali.
Referral Program: brokers provide a discount when your family or friends sign up with the broker using your referral code.
Zero Brokerage on Loss Trade: complete refund of money on unsuccessful trades.
Offers | Trustline Securities | Vertex Securities |
---|---|---|
Free Stock Trading Account | Yes | No | Free Demat Account | No | Yes | Flexible Plans | Yes | Yes | Brokerage Discounts | No | Yes | Happy Hours | No | No | 1 Month Free Plan | No | No | Holiday Offers | No | Yes | Referral Program | No | Yes | Zero Brokerage on Loss Trades | No | No |
Trustline Securities and Vertex Securities Features
Equity Trading: Trustline Securities and Vertex Securities brokers are among the top brokers in India. They provide you with various trading options like Equity Delivery, Equity Intraday and Equity Futures and Options trading.
Currency and Commodity Trading: Trustline Securities and Vertex Securities also offer you to trade in currency and commodities.
Initial Public Offering (IPOs): One of the greatest advantages of Trustline Securities and Vertex Securities broker is that you can also invest in IPOs. Trustline Securities also has an added advantage that they provide you with robo-advisory services as well.
Trading Exposure: Different brokers provide different trading exposures. Trustline Securities offers trading exposure of up to Upto 5x, while Vertex Securities gives up to Upto 6x.
Mutual Funds: Investing in mutual funds is a great option to grow your wealth and many brokers offer the option to invest on that. With Trustline Securities and Vertex Securities, you can invest in mutual funds through SIP and Lumpsum.
Forex Trading: With Forex Trading, you can trade in various international currencies. Trustline Securities and Vertex Securities also allow you to trade in forex trading.
Features | Trustline Securities | Vertex Securities |
---|---|---|
Equity Delivery Trading | Yes | Yes | Equity Intraday Trading | Yes | Yes | Equity Futures Trading | Yes | Yes | Equity Options Trading | Yes | Yes | Currency Trading | Yes | Yes |
Commodity Trading | Yes | Yes | IPO (Initial public offering) | Yes | Yes | Stocks Suggestions | No | No | Robo Advisory | No | No | PMS (Portfolio Management Services) | No | No |
Trading Institution | No | No | Trading Exposure | Upto 5x | Upto 6x | Mutual Funds | Yes | No | SIP (Systematic Investment Plan) | Yes | No | Forex Trading | No | No | Banking | No | No | Insurance | No | Yes |
Trustline Securities and Vertex Securities Advisory Services
Discount brokers and full-service brokers offer different services. Here are some of the top advisory services offered by brokers-
Fundamental Reports: These are the reports that analyse a company's financial statements and help investors and financial analysts make decisions about a company's present financial status.
Research Reports: Many broker companies have in-house research teams which are experienced and help people to give research reports on various securities like stocks, currency, mutual funds, etc. Trustline Securities and Vertex Securities offer you in-depth research reports.
Company Reports: These are detailed and easy-to-understand reports on the company's measures throughout the year, month, or week.
Relationship Manager: Full-service broker gives a dedicated relationship manager, who will clear all your trading queries and help you throughout your trading journey.
Other Services: Many brokers provide more services depending upon the brokerage price like Company Stock Reviews, Free Stock Tips, IPO Reports, Top Picks, Daily Market Reviews, Monthly Reports, Weekly Reports and Offline Advisory.
Advisory Services | Trustline Securities | Vertex Securities |
---|---|---|
Fundamental Reports | No | No |
Research Reports | Yes | No |
Company Reports | No | No |
Annual Reports | No | No |
Company Stock Review | No | No |
Free Stock Tips | Yes | Yes |
IPO Reports | Yes | Yes |
Top Picks | Yes | Yes |
Daily Market Review | Yes | Yes |
Monthly Reports | Yes | Yes |
Weekly reports | Yes | Yes |
Offline Advisory | Yes | Yes |
Relationship Manager | Yes | Yes |
Trustline Securities and Vertex Securities Desktop Trading Platforms
A trader can utilise multiple trading platforms to trade in stocks, commodities, etc. A good and advanced trading platform can make your trading easier and result in profit maximization. Trustline Securities and Vertex Securities offer a Desktop Trading Platform with advanced tools, interactive charts, and quick buying and selling of securities. Their trading platforms can be used in Windows, Mac and Desktop browsers as well.
Desktop Trading Platforms | Trustline Securities | Vertex Securities |
---|---|---|
Windows | Yes | Yes |
Mac | No | Yes |
Desktop Browser | Yes | Yes |
Trustline Securities and Vertex Securities Mobile Trading Platforms
Trustline Securities and Vertex Securities offer you mobile trading platforms which can be used in iOS and Android applications.
Mobile Trading Platforms | Trustline Securities | Vertex Securities |
---|---|---|
Mobile Browser | Yes | No |
Android App | Yes | Yes |
iOS App | Yes | Yes |
Windows App | No | No |
Other mobile os | No | No |
Trustline Securities and Vertex Securities Customer Support
Customer service is a critical aspect in converting a new customer into a loyal and long-term customer. Because the trading market moves quickly, an investor requires appropriate customer assistance from their brokers. Trustline Securities and Vertex Securities give good customer support and service to their clients. They help you in online trading through chat support, e-mail support and call support.
Customer Support Features | Trustline Securities | Vertex Securities |
---|---|---|
Relationship Manager | Yes | Yes |
Offline Trading | Yes | Yes |
Online Trading | Yes | Yes |
24 * 7 Support | No | No |
Email Support | Yes | Yes |
Chat Support | No | No |
Toll free number | No | No |
Support Branches | 13 | 428 |
Trustline Securities and Vertex Securities Customer Complaints
The BSE and NSE actively accept and handle complaints to maintain a stringent check and balance on fair-trade opportunities. Investors can file complaints about brokers or companies in case of any unfair trade practices. BSE and NSE make sure to resolve your complaints within a certain time. Check out the table below for Trustline Securities and Vertex Securities registered and resolved complaints.
For Trustline Securities, the Percentage of resolved BSE complaints is 100.00 % and the Percentage of resolved NSE complaints is 100.00 %.
For Vertex Securities, the Percentage of resolved BSE complaints is NaN % and the Percentage of resolved NSE complaints is 100.00 %.
We can say that Trustline Securities is better than Vertex Securities in case of resolving customer complaints.
BSE Complaints | Trustline Securities | Vertex Securities |
---|---|---|
BSE Complaints | 1 | 0 |
BSE Resolved Complaints | 1 | 0 |
Percentage of resolved BSE complaints | 100.00 % | NaN % |
NSE Complaints | 15 | 1 |
NSE Resolved Complaints | 15 | 1 |
Percentage of resolved NSE complaints | 100.00 % | 100.00 % |
BSE/NSE Complaint vs. Resolved Percentage | 100.00 % | NaN % |
Frequently Asked Questions
Is Trustline Securities better than Vertex Securities?
Trustline Securities and Vertex Securities are at the top among the best full service brokers. You need to look for brokerage charges, account opening fees, trading platforms, etc. to determine which one is better.
Is Vertex Securities better than Trustline Securities?
Vertex Securities and Trustline Securities are at the top among the best full service brokers. As a result, we must examine features such as brokerage costs, account opening fees, trading platforms, and more to determine which of them is a better stockbroker.
Which is cheaper between Trustline Securities and Vertex Securities?
Trustline Securities and operate as full-service brokers, generally resulting in higher brokerage charges compared to discount brokers. In general, the brokerage fees for both of them will be relatively similar. Examine the brokerage fees in-depth to determine the less expensive broker for your requirements.
Which is better, Trustline Securities and Vertex Securities?
To figure out which of the two stockbrokers, Trustline Securities and Vertex Securities, is better, compare their brokerage charges, trading platforms, other expenses, research, account opening charges, and so on.
Compare Trustline Securities with other stock brokers
Visit the following pages to see a detailed comparision report of Trustline Securities with other brokerage firms.
Compare Vertex Securities with other stock brokers
Visit the following pages to see a detailed comparision report of Vertex Securities with other brokerage firms.