The qualified company Modex securities made the country proud of its excellence in stock trading. The private full-service broker company came into the light of recognition with the help of the expert Dharmendra Kumar Arora in the year 1995 in New Delhi.
Honestly, the company made amazing success by offering business exposure to 6X. On top of that, it charged a brokerage rent of 0.02% for the intraday and 0.16% for the delivery.
Now it is important to know that the private company offers full-service broker with a minimum required ceiling, which is rs 15,000, considered to be an escalated amount otherwise the AMC charge for the Demat account, is rs 160.
| Modex Securities Highlights |
| Broker Type |
Full Service Broker |
| Demat Account AMC |
Rs.160 per Annum |
| Margin Required |
Minimum Rs.15,000 |
| Intraday Brokerage |
0.02% |
| Delivery Brokerage |
0.16% |
| Exposure |
Upto 5X |
What do you know about Modex Securities?
| About Modex Securities |
| Know few details about Modex Securities |
| 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? |
New Delhi |
| Who is the Founder of this Company? |
Dharmendra Kumar Arora |
| When did the company start? |
1995 |
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What are the various Demat Account Opening Charges levied by Modex Securities?
| Modex Securities Demat Account Opening Fees |
| Check out the various fees charged for Opening a Demat Account with Modex Securities |
| Which is the Depository Participant involved? |
CDSL & NSDL |
| What are the Demat account opening charges? |
Rs.160 |
| How much is the Demat AMC? |
Rs.160 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 Modex Securities provide any Offers to their Clients?
| Modex Securities Offers |
| Here are the various offers provided by Modex Securities |
| 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? |
No |
| Zero Brokerage for Loss-Making Trades |
No |
What are the Brokerage Charges levied by Modex Securities on various Segments?
| Modex Securities Brokerage Charges |
| Here you will find details of brokerage levied by Modex Securities on all segments |
| What are the Equity Delivery Charges? |
0.16% |
| What are the Equity Intraday Charges? |
0.02% |
| How much brokerage charged for Commodity Trading? |
NA |
| What is the brokerage on Equity Futures? |
0.02% |
| How much brokerage charged for Equity Options? |
Rs.16 per Lot |
| What is the brokerage on Currency Futures? |
0.02% |
| What is the brokerage on Currency Options? |
Rs.10 per Lot |
| How much is the Minimum Brokerage requires? |
Percentage of Transaction |
| What is the Demat AMC? |
Rs.160 per Annum |
| How much is the Trading AMC? |
Free |
| What is the Minimum Margin Required? |
Minimum Rs.15,000 |
Does Modex Securities levy any other charges apart from Brokerage?
| Modex Securities Charges |
| Get deep understanding of all other charges levied by Modex Securities |
| 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 Modex Securities?
| Modex Securities Exposure or Leverage |
| Here you will find the exposure or limit provided by Modex Securities |
| How much is the limit on Equity Delivery? |
Upto 3X |
| 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 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 3X |
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What are the various Trading Platforms provided by Modex Securities?
| Modex Securities Trading Platforms |
| Here you will find all the important trading platforms available with Modex Securities |
| Do they have Trading Terminals for Windows? |
Yes |
| Do they have Trading Terminals for Mac? |
Yes |
| Are they providing a 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 Modex Securities Trading Applications?
| Modex Securities 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? |
Yes |
| Do these platforms have News Flash? |
Yes |
| Are these platforms providing Research Reports? |
Yes |
| 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? |
No |
| 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 Modex Securities?
| Modex Securities Products |
| Here are the various products provided by Modex Securities |
| Does the broker allow Equity Trading? |
Yes |
| Does the broker allow Commodity Trading? |
No |
| 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? |
Yes |
What are the various Services offered by Modex Securities?
| Modex Securities 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? |
No |
| 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 5X |
Does Modex Securities provide Research & Advisory to their clients?
| Modex Securities Research, Advisory & Stock Tips |
| Here are the various research activities are done by it |
| 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? |
No |
| 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 Modex Securities?
| Modex Securities 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? |
Yes |
| Does this broker provide Email Support? |
No |
| Is this broker having Chat Support? |
No |
| How many Branches the stock broker has? |
920 |
Are there any Complaints filed against Modex Securities by their clients?
| Modex Securities 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? |
7 |
| How many of these complaints have been Resolved in NSE? |
7 |
What are the Modex Securities Review & Ratings as per their Customer?
| Modex Securities Ratings & Reviews |
| We are looking at Companies’ Ratings on various parameters |
| Stock Market Research & Broking Advisory |
3.4/5 |
| Brokerage & other Charges like – Turnover, Transaction Charges etc. |
3.1/5 |
| Types of Products & Services the Brand provides |
3.3/5 |
| Performance Mobile App, Trading Terminal & Web Trading Platform |
3.0/5 |
| Experience in the Broking Business |
3.2/5 |
| Total Avg. Rating of Broking House |
3.2/5 |
| Star Rating of given to Stock Broker |
★★★☆☆ |
| Number of People Contributed to these Ratings |
108 |
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