BMA Wealth Creators is a very popular name in the stock market and hold a strong position amongst brokerage houses. The company has a huge number of clients across the country and is serving them brilliantly.
Traders get a lot of facilities for opening a trading account with the broker house. In this BMA Wealth Creators Review, you will get to learn all the important details about the company that was unknown to you.
Their brokerage fees, account opening charges, products, offers, services, account opening procedure, exposure, trading platforms, complaints, advantages, and ratings are discussed properly in this article. Going through them minutely will help you to understand their business policies better.
|BMA Wealth Creators Highlights|
|Broker Type||Full Service Broker|
|Demat Account AMC||Rs.250|
|Margin Required||Rs.20,000 Minimum|
What do you know about BMA Wealth Creators?
We have tried to bring in all the details about the company’s profile in this BMA Wealth Creators Review. It is a private company headquartered in Kolkata, West Bengal.
They are a full-service brokerage house that has a host of excellent products and services for traders. It was established by Mr. Anubhav Bhatter in the year 2003. The broker house is known across the country for its transparent schemes and business models.
|About BMA Wealth Creators|
|Know a few details about It|
|Which type of Company is it? – Public / Private||Private|
|Which type of Broker is it? – Full Service / Discount||Full-Service Broker|
|Where is the registered office of the Company Located?||Kolkata, West Bengal|
|Who is the Founder of this Company?||ANUBHAV BHATTER|
|When did the company start?||2003|
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What are the various Demat Account Opening Charges levied by BMA Wealth Creators?
A BMA Wealth Creators Demat Account is a very popular one, and a lot of traders opt for it. The broker house is registered as a Depository Participant with both CDSL and NSDL.
BMA Wealth Creators Account Opening charge is Rs. 500. A small amount of Rs. 250 is charged as the AMC for the Demat account by the company.
The maintenance charge for the trading account is entirely free. The clients should maintain 20,000 as the initial margin amount. It also provides the facility of dematerialization to its clients.
|BMA Wealth Creators Demat Account Opening Fees|
|Check out the various fees charged for Opening a Demat Account with them|
|Which is the Depository Participant involved?||CDSL & NSDL|
|What are the Demat account opening charges?||Rs.500|
|How much is the Demat AMC?||Rs.250|
|What is the Trading AMC?||Zero|
|What is the initial Margin amount required?||Rs.20,000 Minimum|
|Is dematerialization available?||Yes|
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Do BMA Wealth Creators provide any Offers to their Clients?
The broker house does not levy too much brokerage on its products and services, but still, it provides certain offers to the clients. BMA Wealth Creators Offers include a free trading account for the clients that can help them trade profitably.
|BMA Wealth Creators Offer|
|Here are the various offers provided by them|
|Does the broker provide a Free Demat A/C offer?||No|
|Does the broker provide Free Trading A/C offer?||Yes|
|Is this broker offers a Discount on Brokerage?||No|
|Does the broker offer Happy hour trading to their clients?||No|
|Is the broking house provides a flexible brokerage plan?||No|
|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 BMA Wealth Creators on various Segments?
The broking house levies a decent brokerage on various segments, and we have explained all of them nicely here. BMA Wealth Creators Brokerage Charges for equity delivery is 0.3%. The brokerage levied on equity intraday, commodity trading, and equity futures are 0.03% each.
BMA Wealth Creators charge Rs. 50 for trading a lot of equity options. Their brokerage for currency futures is 0.03%. For currency options, the broker house levies a charge of Rs. 20 for a single lot. They charge a percentage of each transaction from their clients as the minimum brokerage.
|BMA Wealth Creators Brokerage Charges|
|Here you will find details of brokerage levied by them on all segments|
|What are the Equity Delivery Charges?||0.30%|
|What are the Equity Intraday Charges?||0.03%|
|How much brokerage charged for Commodity Trading?||0.03%|
|What is the brokerage on Equity Futures?||0.03%|
|How much brokerage charged for Equity Options?||Rs.50 per lot|
|What is the brokerage on Currency Futures?||0.03%|
|What is the brokerage on Currency Options?||Rs.20 per lot|
|How much is the Minimum Brokerage required?||Percentage of Transaction|
|What is the Demat AMC?||Rs.250|
|How much is the Trading AMC?||Zero|
|What is the Minimum Margin Required?||Rs.20,000 Minimum|
Does BMA Wealth Creators levy any other charges apart from Brokerage?
Yes, there are certain BMA Wealth Creators Charges that we have mentioned below. The charge levied on transactions is 0.003% of the total turnover. A minimum of 0.0126% of the turnover is charged as the STT charges by the company.
The SEBI turnover charge is 0.0002%. The Company levies a very less amount of charge than the stamp duty, and that varies from one state to another. The GST charged by the broker house on the brokerage and transaction charges is flat at 18%.
|BMA Wealth Creators Charges|
|Get a deep understanding of all other charges levied by it|
|How much are the Transaction Charges levied?||0.00300% of Total Turnover|
|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 BMA Wealth Creators?
BMA Wealth Creators’ Exposure to various segments is quite high if compared to other broker houses. The limit on equity delivery is up to two times. Their leverage on equity intraday is as high as up to 10 times.
Exposure of up to 3 times is allowed in equity futures, and that on equity options is up to 5 times. BMA Wealth Creator’s Margin on currency futures is up to 3 times, and the same is applicable for currency options and commodity trading.
|BMA Wealth Creators Exposure or Leverage|
|Here you will find the exposure or limit provided by it|
|How much is the limit on Equity Delivery?||Upto 2x|
|What is the limit on Equity Intraday?||Upto 10x|
|How much is the limit on Equity Futures?||Upto 3x|
|What is the limit on Equity Options?||Upto 5x|
|What is the exposure on Currency Futures?||Upto 3x|
|How much is the leverage on Currency Options?||Upto 3x|
|What is the limit on Commodity Trading?||Upto 3x|
How to Open BMA Wealth Creators Demat & Trading Account?
If you want to Open BMA Wealth Creators Demat Account then you will have to go through some simple and easy steps. You can get the Demat account created right from your house using a computer or a Smartphone. There is no need for visiting a branch. The step-by-step procedure for opening the Demat account is given below:
- At first, you will have to click on the button that you will find at the bottom of this page
- After clicking on the button you will be redirected to a new page
- This page is the official account opening page
- There you will find a form which you will have to fill up with all the details about you
- Once you fill-up the form, submit it by clicking on the button available there
- Then you will be asked for your essential documents for KYC verification
- In the process of KYC verification, documents like an AADHAAR card, Voter ID card, PAN card, valid proof of your address, bank account statement, and some others are required
- Scan the original copies of these documents and upload them
- After you upload the files they will be verified by the company, and they will take care of the rest of the procedure
- Then your Demat account will be created within a few hours, and you can start you trading through it
If you want to Open BMA Wealth Creators Trading Account then repeat the above steps all over again.
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What are the various Trading Platforms provided by BMA Wealth Creators?
The company maintains very advanced trading platforms that have all the useful features which can help traders in every way. BMA Wealth Creators Trading Platforms are quite famous in the market, and all the clients of the company use them.
The broker house has maintained simplicity in those platforms to increase their usability. They have three types of trading platforms, and they are briefly discussed below.
BMA Wealth Creators Trading Terminal
The trading terminal of the broker house can be operated from both Mac and Windows PCs seamlessly. Anyone can use the BMA Wealth Creators Trading Terminal easily because of its highly simplified features.
BMA Wealth Creators Web-based Trading Platform
The web-based trading platform of the company can be operated from a computer but not from a mobile. All the web browsers will allow access to this web-based platform from the company.
BMA Wealth Creators Mobile App
The BMA Wealth Creators Trading App is one of the most used trading apps in the nation. It is available for both Android and iOS Smartphones and can be downloaded from the app store.
|BMA Wealth Creators Trading Platforms|
|Here you will find all the important trading platforms available to them|
|Do they have Trading Terminals for Windows?||Yes|
|Do they have Trading Terminals for Mac?||Yes|
|Are they providing Web Trading Platforms?||Yes|
|Do they have a Mobile Web Platform?||No|
|Does this broker provide Mobile Trading App for Android?||Yes|
|Does this broker provide Mobile Trading App for iOS?||Yes|
|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 BMA Wealth Creators Trading Applications?
The trading platforms operated by BMA Wealth Creators have many useful features. These features are:
BMA Wealth Creators Trading Terminal Features
- Clients get the facility of real-time updates through it
- The broker house exhibits the details of the client’s portfolio
- It has got a news flash
- Their Trading Terminal is very easy to operate
- It can be easily installed on a computer or laptop
Web-Based Platform BMA Wealth Creators Features
- It has got the feature of real-time updates
- The Web Trading Platform provides the clients with their portfolio details
- There is a news flash
- It can be operated effortlessly by any trader
- The web-based platform can be opened from any web browser like Mozilla Firefox, Internet Explorer, etc
- It can be easily managed with a lower bandwidth
BMA Wealth Creators Trading App Features
- There is provision for real-time updates
- Clients can check the details of their portfolio easily through the app
- The Trading App works smoothly on all the Android and iOS Smartphones
- Clients get the help of news flash through it
- The app is available in the app store on all the devices
- It is easy to install on the device
- Global indices are available in the app
- Traders are provided with live markets data by the broker house through the app
|BMA Wealth Creators Trading Application Features|
|Here you will find various features available in Trading Platforms provided by it|
|Are these platforms capable of Real-time Updates?||Yes|
|Do these Applications provide Portfolio Details?||Yes|
|Is this software providing Online MF Buy?||No|
|Do these platforms have News Flash?||Yes|
|Are these platforms providing Research Reports?||No|
|Are these platforms Easy to Install & use?||Yes|
|Do these Apps have Global Indices?||Yes|
|Are these platforms having Stock Tips?||No|
|Does this software provide Personalized Advisory?||No|
|Are these platforms capable of Interactive charting?||No|
|Do these Apps provide Live Markets data?||Yes|
|Do they provide SMS Alerts?||No|
|Are they providing Email Alerts?||No|
|Do these platforms have a Multi-Account Management solution?||No|
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What are the various Products provided by BMA Wealth Creators?
The broker house is known for its handful of useful products. The company conducts thorough research on every product before they are delivered to the clients. BMA Wealth Creators Products list contains equity, commodity, currency, options, and futures, amongst others. The broker house has got mutual funds as a core product. They also sell insurance to clients.
|BMA Wealth Creators Products|
|Here are the various products provided by them|
|Does the broker allow Equity Trading?||Yes|
|Does the broker allow Commodity Trading?||Yes|
|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 the product?||Yes|
|Does the broker allow Forex trading?||No|
|Does the broker have Banking products?||No|
|Is SIP allowed by the broker?||No|
|Do they have Insurance as a Product?||Yes|
What are the various Services offered by BMA Wealth Creators?
The services offered by the broker house prove very profitable for the traders.BMA Wealth Creators Services include Demat and trading services. Clients also get the benefit of intraday services from the company.
The broker house allows IPO services to traders. This Stock Broker provides useful recommendations on stocks to clients. Traders get a whooping trading exposure of up to 10 times from the broker house.
|BMA Wealth Creators 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 10x|
Does BMA Wealth Creators provide Research & Advisory to their clients?
Yes, the company provides the right amount of research services to traders. BMA Wealth Creators’ Research reports are shared with the clients. The company shares fundamental reports along with the stock review of the company.
Traders get the advantage of BMA Wealth Creators Tips on stocks for free of cost. The broker house analyzes and shares IPO reports. It provides top picks and shares daily market reviews. Clients get to view the monthly report from the company. BMA Wealth Creators Advisory is also available offline for traders. The broker house provides Relationship Managers.
|BMA Wealth Research, Advisory & Stock Tips|
|Here are the various research activities are done by it|
|Does the broker share Fundamental Reports?||Yes|
|Does the broker shares 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?||Yes|
|Are they sharing Free Stock Tips with their clients?||Yes|
|Do they analyze & share IPO Reports?||Yes|
|Does the broking company provide Top Picks?||Yes|
|Are they sharing Daily Market Review?||Yes|
|Do they have Monthly Reports?||Yes|
|Does the broker provide Weekly Reports?||No|
|Are they having Offline Advisory?||Yes|
|Do they provide Relationship Managers to clients?||Yes|
What are the Customer Care details of BMA Wealth Creators?
BMA Wealth Creators Customer Care team comprises experienced members who can help you out in all ways possible. They provide dedicated dealers to all of their clients. There are facilities for online and offline trading that can be availed by traders.
The broker house also offers a beneficial facility of chat support through which traders can highly benefit. The 40 branches all across the country with adequate support in them.
|BMA Wealth 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?||No|
|Does this broker provide Email Support?||No|
|Is this broker having Chat Support?||Yes|
|How many Branches the stock broker has?||40|
Are there any Complaints filed against BMA Wealth Creators by their clients?
Yes, there are complaints filed against the broker house that are treated with a lot of seriousness. The total number of BMA Wealth Creators Complaints lodged in BSE is 106, and that with NSE is 151. As per the latest records, the company has resolved 104 out of 106 cases of BSE and 149 out of 151 cases of NSE.
|BMA Wealth Complaints|
|Here you will know about the Complaints lodged against it|
|What is the total number of Complaints Lodged in BSE?||106|
|How many of these complaints have been Resolved in BSE?||104|
|What is the total number of Complaints Lodged in NSE?||151|
|How many of these complaints have been Resolved in NSE?||149|
What are the Advantages / Benefits of BMA Wealth Creators Trading Account?
The advantages of opening a BMA Wealth Creators Trading Account are mentioned below:
- The broker house offers a trading exposure of up to 10 times
- It levies a lower amount of brokerage on various segments
- There are numerous useful products and services for the traders
- The trading platforms are very user-friendly
- A higher amount of exposure is provided by the company
- The Demat and trading accounts of the company can be opened for a very less charge
What are the BMA Wealth Creators Review & Ratings as per their Customer?
BMA Wealth Creators’ Ratings on their research and advisory services is 5.9 points, and that on brokerage and other charges is 5.6 points.
The products and services offered by them have fetched 5.5 points. Their trading platforms have received 5.9 points, and their experience has got 5.4 points.
They have earned an average rating of 5.7 points and three stars. Two hundred thirty-one people have contributed to the scores found in this BMA Wealth Creators Review.
|BMA Wealth Creators Ratings & Reviews|
|We are looking at Companies’ Ratings on various parameters|
|Stock Market Research & Broking Advisory||5.9/10|
|Brokerage & other Charges like – Turnover, Transaction Charges, etc.||5.6/10|
|Types of Products & Services the Brand provides||5.5/10|
|Performance Mobile App, Trading Terminal & Web Trading Platform||5.9/10|
|Experience in the Broking Business||5.4/10|
|Total Avg. Rating of Broking House||5.7/10|
|Star Rating of given to Stock Broker||★★★☆☆|
|Number of People Contributed to These Ratings||231|
BMA Wealth Creators Conclusion
BMA Wealth Creators are one of the reputed broker houses that provide multiple facilities to its clients. We hope this BMA Wealth Creators Review is useful in understanding the various policies of the broker house.
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