The year 1990, witnessed a new paradigm in the arena of stockbroking with the inauguration of the company Indian Advantages Securities.
The Mumbai-based private company brightened its name under the efficacious leadership of Mr. Pravin Mehta. It came into light with the sole objective to offer full-service brokerage to traders.
The AMC imposed for the demat account extends to Rs 399 per annum. Subsequently, it offers a consequential exposure counting to 5X. But to enjoy the fruit of the benefits traders have to pay 0.02% -0.05 % for the intraday and 0,2 -0.5 % for the delivery brokerage.
| India Advantage Highlights | |
| Broker Type | Full-Service Broker |
| Demat Account AMC | Rs.399 per Annum |
| Margin Required | Minimum Rs.10,000 |
| Intraday Brokerage | 0.02% – 0.05% |
| Delivery Brokerage | 0.2% – 0.5% |
| Exposure | Upto 5X |
What do you know about India Advantage?
| About India Advantage | |
| Know a few details about India Advantage | |
| 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? | Mumbai, Maharashtra |
| Who is the Founder of this Company? | Pravin Mehta |
| When did the company start? | 1990 |
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What are the various Demat Account Opening Charges levied by India Advantage?
| India Advantage Demat Account Opening Fees | |
| Check out the various fees charged for Opening a Demat Account with it | |
| Which is the Depository Participant involved? | CDSL & NSDL |
| What are the Demat account opening charges? | Rs.249 |
| 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.10,000 |
| Is dematerialization available? | Yes |
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Does India Advantage provide any Offers to their Clients?
| India Advantage 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? | Yes |
| 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 India Advantage on various Segments?
| India Advantage Brokerage Charges | |
| Here you will find details of brokerage levied by India Advantage on all segments | |
| What are the Equity Delivery Charges? | 0.2% – 0.5% |
| What are the Equity Intraday Charges? | 0.02% – 0.05% |
| How much brokerage charged for Commodity Trading? | 0.02% – 0.05% |
| What is the brokerage on Equity Futures? | 0.02% – 0.05% |
| How much brokerage charged for Equity Options? | Rs.20 – Rs.50 per Lot |
| What is the brokerage on Currency Futures? | 0.02% – 0.05% |
| What is the brokerage on Currency Options? | Rs.10 – Rs.25 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.10,000 |
Does India Advantage levy any other charges apart from Brokerage?
| India Advantage Charges | |
| Get a deep understanding of all other charges levied by India Advantage | |
| How much are the Transaction Charges levied? | 0.00316% |
| 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 India Advantage?
| India Advantage Exposure or Leverage | |
| Here you will find the exposure or limit provided by India Advantage | |
| 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 2X |
| 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 India Advantage?
| India Advantage Trading Platforms | |
| Here you will find all the essential trading platforms available with India Advantage | |
| Do they have Trading Terminals for Windows? | Yes |
| Do they have Trading Terminals for Mac? | Yes |
| Are they providing a Web Trading Platform? | No |
| 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 India Advantage Trading Applications?
| India Advantage Trading Application Features | |
| Here you will find various features available in Trading Platforms provided by India Advantage | |
| 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? | No |
| Are these platforms Easy to Install & use? | No |
| 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? | No |
| Do these Apps provide Live Markets data? | Yes |
| Do they provide SMS Alerts? | No |
| 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 India Advantage?
| India Advantage Products | |
| Here are the various products provided by India Advantage | |
| 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? | 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? | No |
What are the various Services offered by India Advantage?
| India Advantage Services | |
| Check out the various services provided by India Advantage | |
| 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 5X |
Does India Advantage provide Research & Advisory to their clients?
| India Advantage Research, Advisory & Stock Tips | |
| Here are the various research activities are done by India Advantage | |
| 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 India Advantage?
| India Advantage 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 |
| Does this broker have Chat Support? | No |
| How many Branches the stock broker has? | 380 |
Are there any Complaints filed against India Advantage by their clients?
| India Advantage 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? | 3 |
| How many of these complaints have been Resolved in NSE? | 3 |
What are the India Advantage Review & Ratings as per their Customer?
| India Advantage Ratings & Reviews | |
| We are looking at Company’s 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 given to Stock Broker | ★★★☆☆ |
| Number of People Contributed to These Ratings | 342 |
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