C M Goenka Stock Brokers is one of the veterans in the industry having close to 50 years of experience in the market.
The firm has been doing exceptionally well in the field of stock broking and has a huge network of professionals and clients.
This C M Goenka Stock Brokers Review is going to be about all the things you need to know about this firm as a client who wants to hire expert services and trade the products to earn from the stock market.
|C M Goenka Stock Highlights|
|Broker Type||Full-Service Broker|
|Demat Account AMC||Rs.399 per Annum|
|Margin Required||Minimum Rs.15,000|
What do you know about C M Goenka Stock Brokers?
Let’s start the C M Goenka Stock Brokers Review with some of the details about the C M Goenka Stock Brokers as a company.
The firm started its operation in the year 1970 which gives them an experience of 49 years in the industry. The founder of the firm Kapil Goenka started the firm as a full-service broker at that time and it is continuing all those services.
The private firm has its headquarters in the city of Jaipur in Rajasthan, however, it has branches around the country.
|About C M Goenka Stock Brokers|
|Know a few details about CM Goenka Stock|
|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?||Jaipur, Rajasthan|
|Who is the Founder of this Company?||Kapil Goenka|
|When did the company start?||1970|
Open Demat Account Now – Fill up the Form Below
What are the various Demat Account Opening Charges levied by C M Goenka Stock Brokers?
The firm is a DP of both the depositories in the market that are CDSL and NSDL and thus offers C M Goenka Stock Brokers Demat Account linked to both of them.
C M Goenka Stock Brokers Account Opening charges are very low at Rs. 250 which is not even the market average and thus if you want to open an account with the firm you do not have to bear any hefty charges.
If you are thinking about the maintenance charges then as you can see in the table above, the maintenance charges are pretty nominal at Rs. 399 and that is only for the Demat account as the trading account comes for free and there are no annual maintenance charges attached to it.
The firm asks for a margin that is at par with the market, Rs. 15000 is the average amount asked by the brokers as a minimum margin requirement.
|CM Goenka Stock Brokers Demat Account Opening Fees|
|Check out the various fees charged for Opening a Demat Account|
|Which is the Depository Participant involved?||CDSL & NSDL|
|What are the Demat account opening charges?||Rs.250|
|How much is the Demat AMC?||Rs.399 per Annum|
|What is the Trading AMC?||Free|
|What is the initial Margin amount required?||Minimum Rs.15,000|
|Is dematerialization available?||Yes|
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Does C M Goenka Stock Brokers provide any Offers to their Clients?
Apart from the C M Goenka Stock Brokers Offers related to the trading account are free of any cost like annual maintenance fee or account opening fee, two other offers are rolled out by the firm for the clients always.
The first one is holiday offers which means the clients can trade on discounted brokerage amounts on the holidays and also they can refer any interested client to the company if they purchase any product or services of the firm, the firm pays the client out of the revenue it makes. So, you get to earn some extra cash or gift vouchers referring prospective investors to the firm.
|C M Goenka Stock Brokers Offers|
|Here are the various offers provided by it|
|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?||Yes|
|Are there any referral offers shared by the broker?||Yes|
|Zero Brokerage for Loss-Making Trades||No|
What are the Brokerage Charges levied by C M Goenka Stock Brokers on various Segments?
The C M Goenka Stock Brokers Brokerage Charges are pretty average as per the market prevailing rates for the stock brokerage. The firm charges 0.03% for the futures and intraday segments which is pretty average, and also the delivery trade’s charges at 0.3% are quite normal.
Here, as well you do not have to pay any hefty charges. However, the charges for the options trading are pretty lower than the market average even as you only pay Rs. 30 for the equity options and Rs. 10 for the currency options which is a great deal.
|C M Goenka Stock Brokers Brokerage Charges|
|Here you will find details of brokerage levied by it 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?||NA|
|What is the brokerage on Equity Futures?||0.03%|
|How much brokerage charged for Equity Options?||Rs.30 per Lot|
|What is the brokerage on Currency Futures?||0.03%|
|What is the brokerage on Currency Options?||Rs.10 per Lot|
|How much is the Minimum Brokerage required?||Percentage of Transaction|
|What is the Demat AMC?||Rs.399 per Annum|
|How much is the Trading AMC?||Free|
|What is the Minimum Margin Required?||Minimum Rs.15,000|
Does C M Goenka Stock Brokers levy any other charges apart from Brokerage?
C M Goenka Stock Brokers Charges beside the brokerage charges are the SEBI and the government charges which any trader has to pay without fail. They are decided by these authorities and the firm has nothing to do with these charges.
|C M Goenka Stock Brokers Charges|
|Get a deep understanding of all other charges levied by it|
|How much are the Transaction Charges levied?||0.00325%|
|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 C M Goenka Stock Brokers?
C M Goenka Stock Brokers Exposure for the C M Goenka Stock Brokers Margin trading facility is up to a maximum of 5 times and that is for the cash segment.
The other segments which have high leverage are the options, both of the options have a maximum of 4 timers of leverage which is pretty fair.
Other segments as you see have around 2-3 times of leverage which is fair as per the market however, compared to some of the famous brokerage houses, this level of exposure is quite low.
|C M Goenka Stock Brokers 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 5X|
|How much is the limit on Equity Futures?||Upto 1X|
|What is the limit on Equity Options?||Upto 4X|
|What is the exposure on Currency Futures?||Upto 3X|
|How much is the leverage on Currency Options?||Upto 4X|
|What is the limit on Commodity Trading?||Upto 3X|
Open Demat Account Now – Fill up the Form Below
How To Open C M Goenka Stock Brokers Demat & Trading Account?
To Open C M Goenka Stock Brokers Demat Account
- You have to click on the button below. This will open a form that you have to fill out and submit with the necessary details
- Once you submit the form you will get on to another page where you have to upload the documents that the firm require for verification and KYC purpose.
- Once the documents once uploaded, then you will receive a call from the C M Goenka Stock Brokers executives.
- They will tell you about the rest of the procedure and as you complete the whole of it and all your documents are verified, your account will be activated and you will get the login details and start trading.
It is really simple to Open C M Goenka Stock Brokers Trading Account and Demat account using this article, you can just click on the link and start your application process.
What are the various Trading Platforms provided by C M Goenka Stock Brokers?
The C M Goenka Stock Brokers Trading Platforms come for all devices and mediums. There are –
C M Goenka Stock Brokers Trading Terminal: C M Goenka NSE Now
This NSE NOW platform has one of the most responsive interfaces and widely used trading terminals in the country. The firm offers NOW as the terminal software to the clients. It is an exe. the platform which is super fast, safe, and secure.
C M Goenka Stock Brokers Mobile App
This is the mobile trading application offered by the firm for iOS and Android users. There are various useful features that the mobile application has for a good trading experience and you do not have to worry about trading while traveling or away from your desktop as you can do most of the trading-related activities using the application on your smartphone.
C M Goenka Stock Brokers Web Trading Platform
This is an online trading platform that can be accessed across various devices. It is easy to use, does not have any installation-related activities. You can just log in and start trading. It gives a smooth trading experience with lots of features like the trading terminal.
|C M Goenka Stock Brokers Trading Platforms|
|Here you will find all the important trading platforms available with it|
|Do they have Trading Terminals for Windows?||Yes|
|Do they have Trading Terminals for Mac?||No|
|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 C M Goenka Stock Brokers Trading Applications?
Let us now see the different features of these three platforms which will be beneficial for trading –
C M Goenka Stock Brokers Trading Terminal: C M Goenka NSE Now Features
- NSE NOW which is offered by C M Goenka as the trading terminal offers to trade across multiple exchanges
- There are build-in RMS and OMS that makes the platform to become faster
- There are various banks that are linked to the platform that makes the fund transfer easy
- There are technical indicators, charts, and historical data to make your trading experience much more informed
- There are market updates, live streaming, real-time updates, and lots of other features on the platform
Mobile Trading App C M Goenka Stock Brokers Features
- The application is accessible on mobile phones having iOS or Android operating system
- There are various types of orders that this mobile trading platform offers for trading – cover orders and bracket orders and others
- There are various charts and indicators on this platform as well that you can use to analyze the market and the stocks you are trading
- The mobile platform offers various alerts and notification options to keep you updated and alert about any changes in the market and the prices of the stocks you are trading. This helps you take prompt action and you get much more opportunities thus.
- The application is quite smooth and offers fast execution of the orders.
C M Goenka Stock Brokers Web Trading Platform Features
- You can trade using this platform using your mobile, desktop, or laptop. So there is no restriction on the type of device you are using for the trading purpose when you are trading with the online platform
- The platform offers a notification system that you can turn on to keep yourself aware of the market even when you are doing some other stuff
- There are charting options available and there are various resources on the platform that be used for trading research purposes.
- The platform has been lightweight and easy to use and quite responsive as well.
|C M Goenka Stock Brokers 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?||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 a Multi-Account Management solution?||No|
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What are the various Products provided by C M Goenka Stock Brokers?
C M Goenka Stock Brokers Products includes all the stock market instruments that you can and want to trade. There are equities, currency, derivatives, and commodities as well.
So, under one roof you are getting all the work done. The firm deals in the regular and basic products only but they provide great quality in that too.
|C M Goenka Stock Brokers 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 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?||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 C M Goenka Stock Brokers?
C M Goenka Stock Brokers Services includes all the mandatorily required services by the clients and they are like the Demat and trading services followed by the IPO services which are also very necessary after the two mentioned above.
Then there are intraday services which come under trading services only. Apart from these, there are also stock recommendation services that help clients to take their trading decisions.
The firm also provides a trading institution so that the investors and traders who are clients of this firm get enough resources to learn about the stock market in a real sense.
|CM Goenka Stock Brokers 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?||Yes|
|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 5X|
Does C M Goenka Stock Brokers provide Research & Advisory to their clients?
The C M Goenka Stock Brokers Research and C M Goenka Stock Brokers Advisory department provide a lot of C M Goenka Stock Brokers Tips along with free stock tips, and top picks at the stock market.
.Then the clients get the monthly, weekly, and daily review reports of the market as well. The firm also provides Relationship manager services and offline advisory too.
|CM Goenka Stock Brokers Research, Advisory & Stock Tips|
|Here are the various research activities done|
|Does the broker share Fundamental Reports?||No|
|Does the broker share Research Reports?||No|
|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?||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 Managers to clients?||Yes|
What are the Customer Care details of C M Goenka Stock Brokers?
There are more than 424 branches of the firm which has C M Goenka Stock Brokers Customer Care services in it. You can drop in any of them if you are facing some constraints in trading with the firm.
They are prudent and efficient enough to take care of the issues and they take very less time to solve them as well. The customer care service is available for online and offline trading and they are at your service round the clock.
|CM Goenka Stock Customer Support|
|Let’s have a better understanding of Customer Care Service|
|Are they providing Dedicated dealers 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?||424|
Are there any Complaints filed against C M Goenka Stock Brokers by their clients?
C M Goenka Stock Brokers’ Complaints as per the last year’s record suggest that the firm has a negligible number of complaints and being such an experienced firm working in the market for so long and having no complaints at all makes them a real gem in the industry.
They know what the clients want, how they want it, and what they need to do for satisfying the clients. In this market where every penny matters and every second is important, having not a single complaint on BSE and only 1 on NSE in the whole year makes this firm stands out.
|CM Goenka Stock 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 C M Goenka Stock Brokers Trading Account?
The advantages of C M Goenka Stock Brokers Trading Account are –
- Free trading account, cheap Demat account
- Average brokerage charges
- Fair exposure is provided to the clients for their trading purpose
- Customer care is extremely helpful
- There are a good amount of research services available from the firm to the clients
- They offer one of the best trading platforms for clients to trade smoothly and fast
What are the C M Goenka Stock Brokers’ Review & Ratings as per their Customer?
The overall C M Goenka Stock Brokers Rating of 3.2 out of 5 makes the firm quite attractive and says a lot about it too.
C M Goenka Stock Brokers Review by the customers says that it has pretty good brokerage charges which are liked by the clients, the same goes for the trading terminals and types of products and services the broker offers.
The research and the advisory department are also quite appreciated by the clients but they would like the services to improve for the betterment.
|CM Goenka Stock Brokers Ratings & Reviews|
|We are looking at Company’s Ratings on various parameters|
|Stock Market Research & Broking Advisory||2.9/5|
|Brokerage & other Charges like – Turnover, Transaction Charges, etc.||3.4/5|
|Types of Products & Services the Brand provides||3.1/5|
|Performance Mobile App, Trading Terminal & Web Trading Platform||3.3/5|
|Experience in the Broking Business||2.9/5|
|Total Avg. Rating of Broking House||3.2/5|
|Star Rating is given to Stock Broker||★★★☆☆|
|Number of People Contributed to These Ratings||155|
C M Goenka Stock Brokers Conclusion
So, at the end of this C M Goenka Stock Brokers Review, we can say that this 50-year-old firm is still in the running due to its experience, nature of services, and quality of services at the first place and then obviously the range of products offered by C M Goenka Stock Brokers.
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