BMA Wealth Creators Review, Special Offers, Demat, Trading A/C and Brokerage

BMA Wealth Creators is a very popular name in the stock market and holds a strong position amongst the brokerage houses. The company has a huge number of clients across the country and is serving them brilliantly.

Traders get a lot of facilities on 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 TypeFull Service Broker
Demat Account AMCRs.250
Margin RequiredRs.20,000 Minimum
Intraday Brokerage0.03%
Delivery Brokerage0.30%
ExposureUpto 10x

BMA Wealth Creators Offers

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 the 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 few details about It
Which type of Company is it? – Public / PrivatePrivate
Which type of Broker is it? – Full Service / DiscountFull Service Broker
Where is the registered office of Company Located?Kolkata, West Bengal
Who is the Founder of this Company?ANUBHAV BHATTER
When did the company started?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 initial margin amount. They 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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    Does BMA Wealth Creators provide any Offers to their Clients?

    The broker house does not levy too much of 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 Offers
    Here are the various offers provided by them
    Does the broker provide Free Demat A/C offer?No
    Does the broker provide Free Trading A/C offer?Yes
    Is this broker offers Discount on Brokerage?No
    Does the broker offer Happy hour trading to their clients?No
    Is the broking house provides flexible brokerage plan?No
    Does the broker offer 1 month Free brokerage?No
    Is the Holiday offers provided by the broker?No
    Are there any referral offers shared by the broker?No
    Zero Brokerage for Loss Making TradesNo

    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 charges 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 requires?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 as 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 18%.

    BMA Wealth Creators Charges
    Get deep understanding of all other charges levied by it
    How much is 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 are 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 on 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 Creators 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 of opening the Demat account is given below:

    1. At first, you will have to click on the button that you will find at the bottom of this page
    2. After clicking on the button you will be redirected to a new page
    3. This page is the official account opening pag
    4. There you will find a form which you will have to fill up with all the details about you
    5. Once you fill-up the form, submit it clicking on the button available there
    6. Then you will be asked for your essential documents for KYC verification
    7. In the process of KYC verification, documents like AADHAAR card, Voter ID card, PAN card, a valid proof of your address, bank account statement, and some others are required
    8. Scan the original copies of these documents and upload them
    9. After you upload the files they will be verified by the company, and they will take care of the rest of the procedure
    10. Then your Demat account will be created with 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 the 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 the computer but not from the 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 of 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 with them
      Do they have Trading Terminals for Windows?Yes
      Do they have Trading Terminals for Mac?Yes
      Are they providing Web Trading Platform?Yes
      Do they have 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 clients’ portfolio
      • It has got a news flash
      • Their Trading Terminal is very easy to operate
      • It can be easily installed on the computer or laptop

      BMA Wealth Creators Web-Based Platform 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 of all the devices
      • It is easy to install in 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
      Are this software’s 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
      Do this software’s provide Personalized Advisory?No
      Are these platforms capable of Interactive Chartings?No
      Do these Apps provide Live Markets data?Yes
      Do they provide SMS Alerts?No
      Are they providing Email Alerts?No
      Do these platforms has 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 product available?Yes
      Do they provide Options trading?Yes
      Are the clients allowed to trade in Futures?Yes
      Do they have Mutual Funds as 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 the traders. This Stock Broker provides useful recommendations on stocks to the 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 the 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 review. Clients get to view the monthly report from the company. BMA Wealth Creators Advisory is also available offline for the traders. The broker house provides Relationship Managers.

      BMA Wealth Research, Advisory & Stock Tips
      Here are the various research activities done by it
      Does the broker shares Fundamental Reports?Yes
      Does the broker shares Research Reports?Yes
      Do they provide Company Reports to their clients?No
      Are they analysing Annual Reports of Companies?No
      Do they share Company Stock Review?Yes
      Are they sharing Free Stock Tips to 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 Manager to clients?Yes

      What are the Customer Care details of BMA Wealth Creators?

      BMA Wealth Creators Customer Care team comprises of experienced members who can help you out in all way possible. They provide dedicated dealer to all of their clients. There are facilities of online and offline trading that can be availed by the traders.

      The broker house also offers a beneficial facility of chat support through which traders can highly benefit. They 40 branches all across the country with adequate supports in them.

      BMA Wealth Customer Support
      Let’s have a better understanding of Customer Care Service
      Are they providing Dedicated Dealer 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 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 Advisory5.9/10
      Brokerage & other Charges like – Turnover, Transaction Charges etc.5.6/10
      Types of Products & Services the Brand provides5.5/10
      Performance Mobile App, Trading Terminal & Web Trading Platform5.9/10
      Experience in the Broking Business5.4/10
      Total Avg. Rating of Broking House5.7/10
      Star Rating of given to Stock Broker★★★☆☆
      Number of People Contributed to these Ratings231

      BMA Wealth Creators Conclusion

      BMA Wealth Creators is one of the reputed broker houses that provide multiple facilities to its clients. We hope this BMA Wealth Creators Review useful in understanding the various policies of the broker house.

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