BP Equities is a full-service broker based out of Mumbai. This firm has been providing all kind of investment-related services for more than two decades now and it is quite popular amongst the investors and the traders for its quality services and quantity of products.
This BP Equities Review will cover all the aspects of the firm that you want to know about whether it is the account opening charges or the brokerage, to the different trading platform it offers and the offers it has for its clients and many such details that you would like to know before you make a decision to trade with the products and services of this firm.
|BP Equities Highlights|
|Broker Type||Full Service Broker|
|Demat Account AMC||Rs.300 per Annum|
|Margin Required||Minimum Rs.1,000|
|Intraday Brokerage||0.01% – 0.02%|
|Delivery Brokerage||0.1% – 0.2%|
What do you know about BP Equities?
Let us start the BP Equities Review with the details and origin of BP Equities. The firm started in the year 1997 from the city of Mumbai where it has its headquarters now.
Firm was started by Yuvraj A. Thakkar as a private firm and it is working since then and serving the investors with the trading needs.
|About BP Equities|
|Know few details about BP Equities|
|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 Company Located?||Mumbai, Maharashtra|
|Who is the Founder of this Company?||YUVRAJ A. THAKKAR|
|When did the company started?||1997|
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What are the various Demat Account Opening Charges levied by BP Equities?
The BP Equities Demat Account which you will get will be linked to the two depositories in the country that are CDSL and NSDL.
The BP Equities Account Opening charges are quite nominal at Rs. 300 as you can see in the above table and they also charge a very nominal charge for their account maintenance.
They charge no fee for the trading account though and the maintenance charge is only for the Demat account which is quite reasonable.
However, the most interesting requirement in this segment is their margin money requirement which is Rs. 1000 as the minimum amount.
Though there are firms which have no minimum margin money criteria but Rs. 1000 as a minimum margin requirement is quite unique to see in the industry as the average minimum margin requirement is around Rs. 15000. So, you can keep 15 times less of margin money and still trade as per your requirement.
|BP Equities Demat Account Opening Fees|
|Check out the various fees charged for Opening a Demat Account with BP Equities|
|Which is the Depository Participant involved?||CDSL & NSDL|
|What are the Demat account opening charges?||Rs.300|
|How much is the Demat AMC?||Rs.300 per Annum|
|What is the Trading AMC?||Free|
|What is the initial Margin amount required?||Minimum Rs.1,000|
|Is dematerialization available?||Yes|
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Does BP Equities provide any Offers to their Clients?
The BP Equities Offers are more or less the basic offers which are provided by most of the brokerage houses in the industry.
They offer the trading account for free and its maintenance as well. Then there are flexible brokerage offers as well and finally, they offer some of the holiday special brokerage charges.
All these offers are quite lucrative and help the traders to earn more profit by reducing the cost of trading as the broker and fixed costs reduce.
|BP Equities Offers|
|Here are the various offers provided by BP Equities|
|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?||Yes|
|Does the broker offer 1 month Free brokerage?||No|
|Is the Holiday offers provided by the broker?||Yes|
|Are there any referral offers shared by the broker?||No|
|Zero Brokerage for Loss Making Trades||No|
What are the Brokerage Charges levied by BP Equities on various Segments?
BP Equities Brokerage Charges are quite nominal and compared to any full-service brokers, these charges are pretty cheaper.
They charge within the bracket of 0.01% to 0.02% for the segments like cash (intraday), commodities, futures, and for the delivery segment, the charge is between 0.1% and 0.2% and that is also very nominal.
While the minimum brokerage amount here is so low, the maximum is lower than many other broker’s minimum brokerages. This is really a huge benefit for the traders as the brokerage charges are so low. If you see the charges for the options then also you also see how minimal the charges are.
It is only between Rs. 10 and Rs. 20 for the equity options while for the currency options is goes down further. The traders trading with BP Equities really gets to see quite a good amount of return if their trades are good because of these brokerage charges.
|BP Equities Brokerage Charges|
|Here you will find details of brokerage levied by BP Equities on all segments|
|What are the Equity Delivery Charges?||0.1% – 0.2%|
|What are the Equity Intraday Charges?||0.01% – 0.02%|
|How much brokerage charged for Commodity Trading?||0.01% – 0.02%|
|What is the brokerage on Equity Futures?||0.01% – 0.02%|
|How much brokerage charged for Equity Options?||Rs.10 – Rs.20 per Lot|
|What is the brokerage on Currency Futures?||0.01% – 0.02%|
|What is the brokerage on Currency Options?||Rs.7 – Rs.10 per Lot|
|How much is the Minimum Brokerage requires?||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?||Minimum Rs.1,000|
Does BP Equities levy any other charges apart from Brokerage?
BP Equities Charges beside the brokerage and account opening charges are the mandatory charges like GST of 18%, STT and SEBI charges, and others as mentioned above in the table.
All these charges are predetermined by the government and the SEBI itself and the amounts are deducted automatically with each of the transaction. The transaction charges of this firm are little lower than the average which is another benefit for the clients.
|BP Equities Charges|
|Get deep understanding of all other charges levied by BP Equities|
|How much is the Transaction Charges levied?||0.00290%|
|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 BP Equities?
BP Equities Margin requirement is too low and next to nil as you read above. Against that margin requirement, BP Equities Exposure is up to 6 times as the maximum for the intraday segment and for the rest it is around 3-4 times which is pretty fair as per the market.
Especially if it is compared with the minimum margin requirement, then it is pretty good compared to many other brokerage houses in the market.
|BP Equities Exposure or Leverage|
|Here you will find the exposure or limit provided by BP Equities|
|How much is the limit on Equity Delivery?||Upto 2X|
|What is the limit on Equity Intraday?||Upto 6X|
|How much is the limit on Equity Futures?||Upto 3X|
|What is the limit on Equity Options?||Upto 4X|
|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 2X|
How To Open BP Equities Demat & Trading Account?
To Open BP Equities Demat Account –
- You have to click on this button below that says “Open Demat Account”
- On that webpage, you will find a form which you need to fill
- The form needs to be filled with the necessary details like name, address, occupation, age, and others
- Then you will have to submit the form and then you get on to another page where you will find different documents need to be uploaded
- Scan the required documents and upload then.
- Once you upload the documents, the BP Equities associate will contact you via call and mail and your details will be verified
- If they found every document is all right and the details match the documents, then you are good to go and you get the application approved and then get the login details of the account in your mail-id.
To open BP Equities Trading account you do not have to do anything else as it is a two-in-one account and you get both the account together.
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What are the various Trading Platforms provided by BP Equities?
There are all three BP Equities Trading Platforms that you can access. They provide ODIN for each of the platforms like for BP Equities Mobile App, they give ODIN Wave and ODIN for BP Equities Trading Terminal and online trading.
BP Equities Trading Terminal: BP Equities ODIN Exe
The Trading terminal used by SP Equities is of ODIN Diet and it offers a wide range of features. It comes for free and the client need not pay any charges for the platform. The ODIN software is one of the most popular trading platforms and its terminal is one of the most popular.ar in the country.
BP Equities Web Trading Platform: BP Equities ODIN Web
Next up is the Odin platform for the online trading which is also a super-responsive platform mainly for the traders who want to have access to the trading activity and their portfolio all the time from any device. It is various features and the platform is lightweight and works across different browsers.
BP Equities Trading App: BP Equities Odin Wave App
The last is the mobile trading platform for which BP Equities offer ODIN Wave. This platform is having some really advanced technologies. It can be used both on iOS and Android platform.
|BP Equities Trading Platforms|
|Here you will find all the important trading platforms available with BP Equities|
|Do they have Trading Terminals for Windows?||Yes|
|Do they have Trading Terminals for Mac?||No|
|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 BP Equities Trading Applications?
Various Features of Trading Platforms are provided below –
BP Equities Trading Terminal: BP Equities ODIN Exe Features
- It is regarded as the most powerful trading terminal in the industry as of now. ODIN Diet is offered by a maximum of the brokers in the country because of its high performance and it has no costs attached to it. However, it is a separate entity, which means the trading platform is not a property of BP Equities and offered by ODIN via BP equities to the BP equities clients. So, its maintenance is taken care by ODIN itself.
- It has access to multiple exchanges and you can trade on all those exchanges using this single platform
- It is quite reliable as it has integrated PMS and also OMS.
- For the advanced traders, there are various plug-ins which are also available.
BP Equities Web Trading Platform: BP Equities ODIN Web Features
- It is a lightweight, responsive online trading platform
- There are various technical indicators to help you in trading and analysis
- There are charts and other data and technical tools as well
- You can trade using various orders and track your portfolio all the time
BP Equities Trading App: BP Equities Odin Wave App Features
- There are hundreds of indicators, charts which you can access on the ODIN Wave platform offered by BP Equities.
- There are various market data even when you are not using the application which is called the pre-login market data are available on the platform for use
- There are different notification and alert system which you can turn on to keep yourself updated all the time about the market.
- There are market watch feature obviously with live streaming of the prices of the scrips you want to see, it is fully customizable
- You can check the market depth while entering your order using this application
- There are various charting options available as well
|BP Equities Trading Application Features|
|Here you will find various features available in Trading Platforms provided by BP Equities|
|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?||Yes|
|Do this software’s provide Personalized Advisory?||No|
|Are these platforms capable of Interactive Chartings?||Yes|
|Do these Apps provide Live Markets data?||Yes|
|Do they provide SMS Alerts?||Yes|
|Are they providing Email Alerts?||Yes|
|Do these platforms has Multi Account Management solution?||No|
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What are the various Products provided by BP Equities?
BP Equities Products includes the fundamental stock market products which are equities, futures and options and commodities. It has kept the number of products to these all which you read above to keep it simple and effective.
Though it doesn’t provide other products like mutual funds, etc. the clients who want to trade can then also trade easily as the main products are available which should be with a full-service broker.
|BP Equities Products|
|Here are the various products provided by it|
|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?||No|
|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?||No|
What are the various Services offered by BP Equities?
BP Equities Services includes the basic services which are Demat and Trading services and with that, they offer intraday and IPO services as well.
They do not have other services like portfolio management or Robo advisory but for the traders, they have trading institution facility which helps the traders and interest investors to learn new things about the market and get various material and resources on the stock market and improve their knowledge.
|BP Equities Services|
|Check out the various services provided by it|
|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?||No|
|Are they providing tools for Robo Advisory?||No|
|Does the broker provide PMS?||No|
|Do they have Trading Institution available?||Yes|
|What is the Trading Exposure this broker provides?||Upto 6X|
Does BP Equities provide Research & Advisory to their clients?
The BP Equities Research department provides free BP Equities Tips for the stocks and other assets, then you also receive IPO reports, daily, weekly and monthly reports and also top picks information for the day. The BP Equities Advisory services include offline advisory and also relationship manager service.
|BP Equities Research, Advisory & Stock Tips|
|Here are the various research activities done|
|Does the broker shares Fundamental Reports?||No|
|Does the broker shares Research Reports?||No|
|Do they provide Company Reports to their clients?||No|
|Are they analysing Annual Reports of Companies?||No|
|Do they share Company Stock Review?||No|
|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?||Yes|
|Are they having Offline Advisory?||Yes|
|Do they provide Relationship Manager to clients?||Yes|
What are the Customer Care details of BP Equities?
BP Equities Customer Care is quite prudent in their work and offers a solution for issues related to online and offline trading.
They are available 24/7 and you can reach them if you face any difficulty in trading. There are more than 492 branches in the country which is really great as you can drop in there and directly to the executives about your queries and issues.
|BP Equities Customer Support|
|Let’s have a better understanding of Customer Care Service|
|Are they providing Dedicated Dealer to their clients?||No|
|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?||492|
Are there any Complaints filed against BP Equities by their clients?
There are no BP Equities Complaints on BSE in the last year as you can see and on NSE there was only 1 which got resolved.
This shows how efficient the firm is and how it efficiently provides services to the clients. They may have a limited number of products and limited number of services but the quality of their products and services are really up to the mark.
|BP Equities Complaints|
|Here you will know about the Complaints lodged against it|
|What is the total number of Complaints Lodged in BSE?||0|
|How many of these complaints have been Resolved in BSE?||0|
|What is the total number of Complaints Lodged in NSE?||1|
|How many of these complaints have been Resolved in NSE?||1|
What Are The Advantages / Benefits Of BP Equities Trading Account?
The various advantages of having BP Equities Trading Account are –
- It has a good number of products and services and their quality of products and services is really good
- They provide one of the best trading platforms in the market – ODIN diet and ODIN WAVE
- The brokerage charges are way too nominal and the transaction charges are also lower
- They take just a nominal margin which is Rs. 1000 as the minimum margin requirement
- The account opening is not expensive and maintenance is also cheap.
What are the BP Equities Review & Ratings as per their Customer?
The BP Equities Rating and BP Equities Review by the clients suggest that they are more or less happy with the firm. The clients are super happy with the brokerage charges are it can be depicted from the 3.4 out of 5 ratings on the table above.
Other aspects are more or less liked by the clients. The firm needs to improve its research services a bit as per the rating says and terminals if possible.
|BP Equities Ratings & Reviews|
|We are looking at Companies Ratings on various parameters|
|Stock Market Research & Broking Advisory||2.5/5|
|Brokerage & other Charges like – Turnover, Transaction Charges etc.||3.4/5|
|Types of Products & Services the Brand provides||3.3/5|
|Performance Mobile App, Trading Terminal & Web Trading Platform||2.6/5|
|Experience in the Broking Business||2.4/5|
|Total Avg. Rating of Broking House||2.7/5|
|Star Rating of given to Stock Broker||★★★☆☆|
|Number of People Contributed to these Ratings||378|
BP Equities Conclusion
Hopefully, this BP Equities Review helped you understand BP Equities better. We hope you get all the queries of your about the firm answered by this review article. The firm has really great brokerage plans which are super beneficial for the clients and they offer some quality services.
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