Compare stock brokers
Veracity Finance vs. Prabhudas Lilladher
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 Veracity Finance and Prabhudas Lilladher. Please find a thorough comparison study for both the stock brokers, and find the table below for the comparison of Veracity Finance and Prabhudas Lilladher.
Overview
Veracity Finance are Prabhudas Lilladher both private companies and both are full service broker as well. Kanaksinh Agarsinh Gohil co-founded Veracity Finance in 2012. And Prabhudas Lilladher was founded in the year 1984 by Arun Sheth. Veracity Finance's headquarters are in Ahmedabad GJ and Prabhudas Lilladher's headquarters are in Mumbai, Maharashtra.
Veracity Finance and Prabhudas Lilladher both are full service broker as well. Veracity Finance is registered in NA, while Prabhudas Lilladher is registered in NA. The total branches of Veracity Finance are Nil and the Prabhudas Lilladher branches are Nil.
| Overview | Veracity Finance | Prabhudas Lilladher |
|---|---|---|
| Broker Type | Full Service Broker | Full Service Broker |
| Type of company | Private | Private |
| Headquarter | Ahmedabad GJ | Mumbai, Maharashtra |
| Founders | Kanaksinh Agarsinh Gohil | Arun Sheth |
| Foundation Year | 2012 | 1984 |
| Supported Exchanges | NA | NA |
| Total branches | Nil | Nil |
Veracity Finance and Prabhudas Lilladher 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 Veracity Finance charging Free and Prabhudas Lilladher charging Rs.999.
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 Veracity Finance Demat account is Rs.350 per Annum and for the Prabhudas Lilladher Demat account is Rs.650. The Trading AMC for Veracity Finance and Prabhudas Lilladher 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 Veracity Finance and Prabhudas Lilladher is CDSL.
| Account Opening and Demat Charges | Veracity Finance | Prabhudas Lilladher |
|---|---|---|
| Trading Account Opening Charges | Free | Rs.999 |
| Demat AMC (Annual Maintenance Charges) | Rs.350 per Annum | Rs.650 |
| Trading AMC (Annual Maintenance Charges) | Free | Zero |
| Margin Money | Minimum Rs.5,000 | Rs.25,000 Minimum |
| Offline to Online Charges | Yes | Yes |
| Depository | CDSL & NSDL | CDSL & NSDL |
Veracity Finance and Prabhudas Lilladher 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 Veracity Finance is 0.35%, while Prabhudas Lilladher charges you 0.10%.
Equity Intraday: This means when you buy and sell stocks on the same day. So, the equity intraday brokerage charges for Veracity Finance is 0.04% and for Prabhudas Lilladher also, it is 0.01%.
Equity Futures: Equity futures refers to the purchase and sale of shares at a fixed price on a future date. Veracity Finance charge 0.04% and Prabhudas Lilladher charge 0.01% 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, Veracity Finance charges Rs.35 per lot, and Prabhudas Lilladher charges Rs.20 per lot.
| Equity Brokerage Charges | Veracity Finance | Prabhudas Lilladher |
|---|---|---|
| Equity Delivery Brokerage | 0.35% | 0.10% |
| Equity Intraday Brokerage | 0.04% | 0.01% |
| Equity Futures Brokerage | 0.04% | 0.01% |
| Equity Options Brokerage | Rs.35 per lot | Rs.20 per lot |
Veracity Finance and Prabhudas Lilladher 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 Veracity Finance is 0.04% and for Prabhudas Lilladher is 0.01%.
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. Veracity Finance charges Rs.35 per Lot for currency options, whereas Veracity Finance charges Rs.10 per lot.
| Currency Brokerage Charges | Veracity Finance | Prabhudas Lilladher |
|---|---|---|
| Currency Futures Brokerage | 0.04% | 0.01% |
| Currency Options Brokerage | Rs.35 per Lot | Rs.10 per lot |
Veracity Finance and Prabhudas Lilladher 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. Veracity Finance charges 0.04% for commodity trading, while Prabhudas Lilladher charges NA.
| Commodity Brokerage Charges | Veracity Finance | Prabhudas Lilladher |
|---|---|---|
| Commodity Options Brokerage | 0.04% | NA |
Veracity Finance and Prabhudas Lilladher Other Charges
Here are some other broker charges that should know about -
Minimum Broker Charges: Veracity Finance levies a minimum brokerage fee of Percentage of Transaction, while Prabhudas Lilladher charges Percentage of Transacton brokerage fee.
Transaction Brokerage Charges: Veracity Finance levies a transaction brokerage charge of 0.00315%, while Prabhudas Lilladher charges 0.00330% of Total Turnover.
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 Veracity Finance is 0.0002% of Total Turnover and for Veracity Finance 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 Veracity Finance are 0.0126% of Total Turnover, while for Prabhudas Lilladher, they are 0.0126% of Total Turnover.
Call and Trade Charges: This charge varies for different brokers. Veracity Finance charges NA and Prabhudas Lilladher charges NA.
| Other Brokerage Charges | Veracity Finance | Prabhudas Lilladher |
|---|---|---|
| Minimum Brokerage Charges | Percentage of Transaction | Percentage of Transacton | Transaction Brokerage Charges | 0.00315% | 0.00330% of Total Turnover | 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 Total Turnover | 0.0126% of Total Turnover | Call and Trade Charges | NA | NA |
Veracity Finance and Prabhudas Lilladher 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 Veracity Finance is up to Upto 3x and by Prabhudas Lilladher it is up to Upto 2x.
Equity Intraday: Leverage for equity intraday by Veracity Finance is up to Upto 6x and by Prabhudas Lilladher it is up to Upto 5x.
Equity Futures: Leverage for Equity Futures by Veracity Finance is up to Upto 2x and by Prabhudas Lilladher it is up to Upto 2x.
Equity Options: Leverage for Equity Options by Veracity Finance is up to Upto 5x and by Prabhudas Lilladher also, it is up to Upto 5x.
| Equity Leverage | Veracity Finance | Prabhudas Lilladher |
|---|---|---|
| Equity Delivery | Upto 3x | Upto 2x | Equity Intraday | Upto 6x | Upto 5x | Equity Futures | Upto 2x | Upto 2x | Equity Options | Upto 5x | Upto 5x |
Veracity Finance and Prabhudas Lilladher Currency Leverage
The currency futures leverage provided by Veracity Finance is up to Upto 4x, while for Prabhudas Lilladher it is up to Upto 2x.
The currency options leverage provided by Veracity Finance is up to Upto 3x, while for Prabhudas Lilladher it is up to Upto 3x.
| Currency Leverage | Veracity Finance | Prabhudas Lilladher |
|---|---|---|
| Currency Futures | Upto 4x | Upto 2x | Currency Options | Upto 3x | Upto 3x |
Veracity Finance and Prabhudas Lilladher Commodity Leverage
The commodity leverage provided by Veracity Finance is up to Upto 2x, while for Prabhudas Lilladher it is up to Upto 2x.
| Commodity Leverage | Veracity Finance | Prabhudas Lilladher |
|---|---|---|
| Commodity | Upto 2x | Upto 2x |
Veracity Finance and Prabhudas Lilladher 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 | Veracity Finance | Prabhudas Lilladher |
|---|---|---|
| Free Stock Trading Account | Yes | Yes | Free Demat Account | Yes | Yes | Flexible Plans | Yes | Yes | Brokerage Discounts | Yes | No | Happy Hours | No | No | 1 Month Free Plan | No | No | Holiday Offers | Yes | No | Referral Program | Yes | No | Zero Brokerage on Loss Trades | No | No |
Veracity Finance and Prabhudas Lilladher Features
Equity Trading: Veracity Finance and Prabhudas Lilladher 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: Veracity Finance and Prabhudas Lilladher also offer you to trade in currency and commodities.
Initial Public Offering (IPOs): One of the greatest advantages of Veracity Finance and Prabhudas Lilladher broker is that you can also invest in IPOs. Veracity Finance also has an added advantage that they provide you with robo-advisory services as well.
Trading Exposure: Different brokers provide different trading exposures. Veracity Finance offers trading exposure of up to Upto 6x, while Prabhudas Lilladher gives up to Upto 5x.
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 Veracity Finance and Prabhudas Lilladher, you can invest in mutual funds through SIP and Lumpsum.
Forex Trading: With Forex Trading, you can trade in various international currencies. Veracity Finance and Prabhudas Lilladher also allow you to trade in forex trading.
| Features | Veracity Finance | Prabhudas Lilladher |
|---|---|---|
| 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 | No | IPO (Initial public offering) | Yes | Yes | Stocks Suggestions | No | No | Robo Advisory | No | Yes | PMS (Portfolio Management Services) | No | Yes |
| Trading Institution | No | No | Trading Exposure | Upto 6x | Upto 5x | Mutual Funds | No | Yes | SIP (Systematic Investment Plan) | No | Yes | Forex Trading | No | No | Banking | No | No | Insurance | Yes | Yes |
Veracity Finance and Prabhudas Lilladher 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. Veracity Finance and Prabhudas Lilladher 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 | Veracity Finance | Prabhudas Lilladher |
|---|---|---|
| Fundamental Reports | No | No |
| Research Reports | No | No |
| Company Reports | No | No |
| Annual Reports | No | No |
| Company Stock Review | No | Yes |
| Free Stock Tips | Yes | Yes |
| IPO Reports | Yes | No |
| Top Picks | No | Yes |
| Daily Market Review | No | No |
| Monthly Reports | No | No |
| Weekly reports | No | No |
| Offline Advisory | Yes | Yes |
| Relationship Manager | Yes | Yes |
Veracity Finance and Prabhudas Lilladher 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. Veracity Finance and Prabhudas Lilladher 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 | Veracity Finance | Prabhudas Lilladher |
|---|---|---|
| Windows | Yes | Yes |
| Mac | Yes | Yes |
| Desktop Browser | No | Yes |
Veracity Finance and Prabhudas Lilladher Mobile Trading Platforms
Veracity Finance and Prabhudas Lilladher offer you mobile trading platforms which can be used in iOS and Android applications.
| Mobile Trading Platforms | Veracity Finance | Prabhudas Lilladher |
|---|---|---|
| Mobile Browser | No | Yes |
| Android App | Yes | Yes |
| iOS App | Yes | Yes |
| Windows App | No | No |
| Other mobile os | No | No |
Veracity Finance and Prabhudas Lilladher 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. Veracity Finance and Prabhudas Lilladher 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 | Veracity Finance | Prabhudas Lilladher |
|---|---|---|
| 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 | 920 | 35 |
Veracity Finance and Prabhudas Lilladher 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 Veracity Finance and Prabhudas Lilladher registered and resolved complaints.
For Veracity Finance, the Percentage of resolved BSE complaints is 100.00 % and the Percentage of resolved NSE complaints is 100.00 %.
For Prabhudas Lilladher, the Percentage of resolved BSE complaints is 100.00 % and the Percentage of resolved NSE complaints is 100.00 %.
We can say that Veracity Finance is better than Prabhudas Lilladher in case of resolving customer complaints.
| BSE Complaints | Veracity Finance | Prabhudas Lilladher |
|---|---|---|
| BSE Complaints | 3 | 3 |
| BSE Resolved Complaints | 3 | 3 |
| Percentage of resolved BSE complaints | 100.00 % | 100.00 % |
| NSE Complaints | 11 | 5 |
| NSE Resolved Complaints | 11 | 5 |
| Percentage of resolved NSE complaints | 100.00 % | 100.00 % |
| BSE/NSE Complaint vs. Resolved Percentage | 100.00 % | 100.00 % |
Frequently Asked Questions
Is Veracity Finance better than Prabhudas Lilladher?
Veracity Finance and Prabhudas Lilladher 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 Prabhudas Lilladher better than Veracity Finance?
Prabhudas Lilladher and Veracity Finance 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 Veracity Finance and Prabhudas Lilladher?
Veracity Finance 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, Veracity Finance and Prabhudas Lilladher?
To figure out which of the two stockbrokers, Veracity Finance and Prabhudas Lilladher, is better, compare their brokerage charges, trading platforms, other expenses, research, account opening charges, and so on.
Compare Veracity Finance with other stock brokers
Visit the following pages to see a detailed comparision report of Veracity Finance with other brokerage firms.
Compare Prabhudas Lilladher with other stock brokers
Visit the following pages to see a detailed comparision report of Prabhudas Lilladher with other brokerage firms.