Steel City is a unique company located in Vishakhapatnam. It is a public limited company that offers full-service stockbroking services. The reason we have used the word ‘unique’ for this company is mainly that every aspect is different from one other.
For instance, they charge ₹300 for the AMC of the Demat accounts, whereas, they charge just 0.03% for Intraday Brokerage. For Delivery Brokerage, they have posted 0.28%, which is comparatively lower than its rival companies.
When it comes to trading exposure, they offer up to 7x, which is more than what its rival companies offer; and interestingly, they offer zero margin money.
| Steel City Highlights |
| Broker Type |
Full-Service Broker |
| Demat Account AMC |
Rs.300 per Annum |
| Margin Required |
Zero Margin |
| Intraday Brokerage |
0.03% |
| Delivery Brokerage |
0.28% |
| Exposure |
Upto 7X |
What do you know about Steel City?
| About Steel City |
| Know a few details about Steel City |
| Which type of Company is it? – Public / Private |
Public |
| Which type of Broker is it? – Full Service / Discount |
Full-Service Broker |
| Where is the registered office of the Company Located? |
Vishakhapatnam, AP |
| Who is the Founder of this Company? |
Satish Kumar Arya |
| When did the company start? |
1995 |
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What are the various Demat Account Opening Charges levied by Steel City?
| Steel City Demat Account Opening Fees |
| Check out the various fees charged for Opening a Demat Account with Steel City |
| Which is the Depository Participant involved? |
CDSL & NSDL |
| What are the Demat account opening charges? |
Zero |
| How much is the Demat AMC? |
Rs.300 per Annum |
| What is the Trading AMC? |
Free |
| What is the initial Margin amount required? |
Zero Margin |
| Is dematerialization available? |
Yes |
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Does Steel City provide any Offers to their Clients?
| Steel City Offers |
| Here are the various offers provided by Steel City |
| Does the broker provide a Free Demat A/C offer? |
Yes |
| Does the broker provide Free Trading A/C offer? |
Yes |
| Is this broker offers a Discount on Brokerage? |
Yes |
| Does the broker offer Happy hour trading to their clients? |
No |
| Is the broking house provides a flexible brokerage plan? |
Yes |
| Does the broker offer 1-month Free brokerage? |
No |
| Are the Holiday offers provided by the broker? |
No |
| Are there any referral offers shared by the broker? |
No |
| Zero Brokerage for Loss-Making Trades |
No |
What are the Brokerage Charges levied by Steel City on various Segments?
| Steel City Brokerage Charges |
| Here you will find details of brokerage levied by Steel City on all segments |
| What are the Equity Delivery Charges? |
0.28% |
| What are the Equity Intraday Charges? |
0.03% |
| How much brokerage charged for Commodity Trading? |
NA |
| What is the brokerage on Equity Futures? |
0.03% |
| How much brokerage charged for Equity Options? |
Rs.28 per Lot |
| What is the brokerage on Currency Futures? |
0.03% |
| What is the brokerage on Currency Options? |
Rs.18 per Lot |
| How much is the Minimum Brokerage required? |
Percentage of Transaction |
| What is the Demat AMC? |
Rs.300 per Annum |
| How much is the Trading AMC? |
Free |
| What is the Minimum Margin Required? |
Zero Margin |
Does Steel City levy any other charges apart from Brokerage?
| Steel City Charges |
| Get a deep understanding of all other charges levied by Steel City |
| How much are the Transaction Charges levied? |
0.00300% |
| What are the STT charges? |
0.0126% of Total Turnover |
| What are the SEBI Turnover charges? |
0.0002% of Total Turnover |
| How much is the Stamp Duty levied? |
Depends on State (very minimal) |
| How is the GST charged? |
18% of (Brokerage + Transaction Charges) |
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What is the Limit or Exposure offered by Steel City?
| Steel City Exposure or Leverage |
| Here you will find the exposure or limit provided by Steel City |
| How much is the limit on Equity Delivery? |
Upto 1X |
| What is the limit on Equity Intraday? |
Upto 7X |
| How much is the limit on Equity Futures? |
Upto 1X |
| What is the limit on Equity Options? |
Upto 5X |
| What is the exposure on Currency Futures? |
Upto 2X |
| How much is the leverage on Currency Options? |
Upto 2X |
| What is the limit on Commodity Trading? |
Upto 1X |
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What are the various Trading Platforms provided by Steel City?
| Steel City Trading Platforms |
| Here you will find all the important trading platforms available with Steel City |
| Do they have Trading Terminals for Windows? |
Yes |
| Do they have Trading Terminals for Mac? |
No |
| Are they providing a Web Trading Platforms? |
Yes |
| Do they have a Mobile Web Platform? |
Yes |
| Does this broker provide Mobile Trading App for Android? |
No |
| Does this broker provide Mobile Trading App for iOS? |
No |
| Are they having Mobile App for Windows OS? |
No |
| Do they have Mobile Trading App for Other OS? |
No |
What are the features available in Steel City Trading Applications?
| Steel City Trading Application Features |
| Here you will find various features available in Trading Platforms provided by Steel City |
| Are these platforms capable of Real-time Updates? |
Yes |
| Do these Applications provide Portfolio Details? |
Yes |
| Is this software providing Online MF Buy? |
Yes |
| Do these platforms have News Flash? |
Yes |
| Are these platforms providing Research Reports? |
Yes |
| Are these platforms Easy to Install & use? |
Yes |
| Do these Apps have Global Indices? |
Yes |
| Are these platforms having Stock Tips? |
Yes |
| Does this software provide Personalized Advisory? |
No |
| Are these platforms capable of Interactive charting? |
Yes |
| Do these Apps provide Live Markets data? |
Yes |
| Do they provide SMS Alerts? |
Yes |
| Are they providing Email Alerts? |
Yes |
| Do these platforms have Multi-Account Management solution? |
No |
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What are the various Products provided by Steel City?
| Steel City Products |
| Here are the various products provided by them |
| Does the broker allow Equity Trading? |
Yes |
| Does the broker allow Commodity Trading? |
No |
| Do they have Currency Trading products available? |
Yes |
| Do they provide Options trading? |
Yes |
| Are the clients allowed to trade in Futures? |
Yes |
| Do they have Mutual Funds as a product? |
Yes |
| Does the broker allow Forex trading? |
No |
| Does the broker have Banking products? |
No |
| Is SIP allowed by the broker? |
Yes |
| Do they have Insurance as a Product? |
Yes |
What are the various Services offered by Steel City?
| Steel City Services |
| Check out the various services provided by them |
| Does the broking house provide Demat Services? |
Yes |
| Does the broking house provide Trading Services? |
Yes |
| Do they have 3 in 1 Account i.e. Demat, Trading & Savings A/C? |
No |
| Do they provide Intraday Services? |
Yes |
| Are they offering IPO Services to the client? |
Yes |
| Do they have Stock Recommendations available? |
Yes |
| Are they providing tools for Robo Advisory? |
No |
| Does the broker provide PMS? |
No |
| Do they have Trading Institution available? |
No |
| What is the Trading Exposure this broker provides? |
Upto 7X |
Does Steel City provide Research & Advisory to their clients?
| Steel City Research, Advisory & Stock Tips |
| Here are the various research activities done by them |
| Does the broker share Fundamental Reports? |
No |
| Does the broker share Research Reports? |
Yes |
| Do they provide Company Reports to their clients? |
No |
| Are they analyzing the Annual Reports of Companies? |
No |
| Do they share Company Stock Reviews? |
No |
| Are they sharing Free Stock Tips with their clients? |
Yes |
| Do they analyze & share IPO Reports? |
Yes |
| Does the broking company provide Top Picks? |
No |
| Are they sharing Daily Market Review? |
Yes |
| Do they have Monthly Reports? |
Yes |
| Does the broker provide Weekly Reports? |
Yes |
| Are they having Offline Advisory? |
Yes |
| Do they provide Relationship Managers to clients? |
Yes |
What are the Customer Care details of Steel City?
| Steel City Customer Support |
| Let’s have a better understanding of Customer Care Service |
| Are they providing Dedicated dealers to their clients? |
Yes |
| Do they allow Offline Trading? |
Yes |
| Do they have facilities for Online Trading? |
Yes |
| Are they providing 24*7 Support? |
Yes |
| Does this broker provide Email Support? |
No |
| Is this broker having Chat Support? |
No |
| How many Branches the stock broker has? |
428 |
Are there any Complaints filed against Steel City by their clients?
| Steel City Complaints |
| Here you will know about the Complaints lodged against them |
| What is the total number of Complaints Lodged in BSE? |
1 |
| How many of these complaints have been Resolved in BSE? |
1 |
| What is the total number of Complaints Lodged in NSE? |
5 |
| How many of these complaints have been Resolved in NSE? |
5 |
What are the Steel City Review & Ratings as per their Customer?
| Steel City Ratings & Reviews |
| We are looking at Companies’ Ratings on various parameters |
| Stock Market Research & Broking Advisory |
2.6/5 |
| Brokerage & other Charges like – Turnover, Transaction Charges, etc. |
2.9/5 |
| Types of Products & Services the Brand provides |
2.4/5 |
| Performance Mobile App, Trading Terminal & Web Trading Platform |
2.5/5 |
| Experience in the Broking Business |
2.3/5 |
| Total Avg. Rating of Broking House |
2.5/5 |
| Star Rating given to Stock Broker |
★★★☆☆ |
| Number of People Contributed to These Ratings |
176 |
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