Prabhudas Lilladher Review, Special Offers, Demat, Trading A/C and Brokerage

Prabhudas Lilladher is an Indian stock market broker who has been working in the industry for many decades and has served numerous investors and helped them achieve their investment goals.

This article will be a comprehensive Prabhudas Lilladher Review which is dedicated to the investors and the traders seeking information about the firm and intricate details about the charges and other services before investing with the firm.

We will cover the brokerage charges, products and services, customer care, trading terminals and many such details about the firm which would help you all to decide wisely.

Prabhudas Lilladher Highlights
Broker TypeFull Service Broker
Demat Account AMCRs.650
Margin RequiredRs.25,000 Minimum
Intraday Brokerage0.01%
Delivery Brokerage0.10%
ExposureUpto 5x

Prabhudas Lilladher Offers

What do you know about Prabhudas Lilladher?

Let us begin the Prabhudas Lilladher Review with the precise history of the firm – Prabhudas Lilladher. The firm started its journey in the year 1984 and it is one of the oldest stockbrokers in the country at present.

Firm was started by Arun Sheth and since then it is servicing the investors with all dedication. The firm is having its headquarters in the city of Mumbai and it is a private organization that is run by the directors of the firm itself.

Extensive years of experience make the firm aware of the needs of the investors and thus you can expect a lot of services from them.

About Prabhudas Lilladher 
Know few details about Prabhudas Lilladher 
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?Mumbai, Maharashtra
Who is the Founder of this Company?Arun Sheth
When did the company started?1984

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What are the various Demat Account Opening Charges levied by Prabhudas Lilladher?

Prabhudas Lilladher Demat Account is registered with the depositories namely CDSL and NSDL. You have to pay Rs. 999 for Prabhudas Lilladher Account Opening which is a little bit on the higher side as compared to the market and there are others who charges less account opening fee.

However, provided the facilities it gives to the clients, the account opening can be justified. There is an annual maintenance fee as well for the Demat account and the trading account is completely free of this.

However, the maintenance fee for the Demat as you can see in the above table is also quite high. The margin money to be kept in the trading account is also high as compared to the market average.

Prabhudas Lilladher Demat Account Opening Fees
Check out the various fees charged for Opening a Demat Account with Prabhudas Lilladher 
Which is the Depository Participant involved?CDSL & NSDL
What are the Demat account opening charges?Rs.999
How much is the Demat AMC?Rs.650
What is the Trading AMC?Zero
What is the initial Margin amount required?Rs.25,000 Minimum
Is dematerialization available?Yes

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Does Prabhudas Lilladher provide any Offers to their Clients?

The Prabhudas Lilladher Offers are actually very lucrative and if you are thinking about the account opening fees to be high as you read in the above section, then these offers will lessen them and can give you free accounts as well.

Offers like free Demat and free trading account are often rolled out by the firm and if you get those offers then you can open the account free of cost. The firm rolls out brokerage plans which are flexible at times provided some conditions and this can further reduce your cost of trading.

Prabhudas Lilladher Offers
Here are the various offers provided by Prabhudas Lilladher 
Does the broker provide Free Demat A/C offer?Yes
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?No
Are there any referral offers shared by the broker?No
Zero Brokerage for Loss Making TradesNo

What are the Brokerage Charges levied by Prabhudas Lilladher on various Segments?

Prabhudas Lilladher Brokerage Charges are unbelievably low and if you look at the above you may get a happy shock.

The delivery segment brokerage is only 0.1% which is way lesser than the market average as well and the remaining segments has 0.01% as the brokerage as you can see in the table and to everyone’s surprise the brokerage for the options segment is only Rs. 20 and Rs. 10 for the equity and currency options respectively which is really incredible.

You can trade and earn a lot more profit because of this low brokerage charges.

Prabhudas Lilladher Brokerage Charges 
Here you will find details of brokerage levied by Prabhudas Lilladher on all segments
What are the Equity Delivery Charges?0.10%
What are the Equity Intraday Charges?0.01%
How much brokerage charged for Commodity Trading?NA
What is the brokerage on Equity Futures?0.01%
How much brokerage charged for Equity Options?Rs.20 per lot
What is the brokerage on Currency Futures?0.01%
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.650
How much is the Trading AMC?Zero
What is the Minimum Margin Required?Rs.25,000 Minimum

Does Prabhudas Lilladher levy any other charges apart from Brokerage?

While the brokerage charges are decided by the firm itself the other Prabhudas Lilladher Charges are mandatory and decided by the SEBI and government and the firm has nothing to do in it.

As you can see the above table the transaction charge is the only thing that is different for each of the firm otherwise the other charges mentioned are all same.

Prabhudas Lilladher Charges
Get deep understanding of all other charges levied by Prabhudas Lilladher 
How much is the Transaction Charges levied?0.00330% 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 Prabhudas Lilladher?

Prabhudas Lilladher Margin is quite high as mentioned above but the Prabhudas Lilladher Exposure is low compared to the amount of margin charged by the firm. Not only that the exposure level is anyway less and there are many other brokerage houses which provide high leverage.

The maximum leverage is 5 time for the equity intraday and options segments apart from that all other segments have 2-3 times of leverage which is quite low.

Prabhudas Lilladher Exposure or Leverage
Here you will find the exposure or limit provided by Prabhudas Lilladher 
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 3x
What is the limit on Commodity Trading?Upto 2x

How To Open Prabhudas Lilladher Demat & Trading Account?

To Open Prabhudas Lilladher Demat Account you have to follow the below-mentioned steps –

  1. There is a button here that says “Open Demat Account” which you have to click to click to get the form which is needed to be filled for the application of the Demat account with the firm.
  2. Once the form is duly filled with all the details asked for, you have to submit the same. Make sure the details are correct – your name, address, age and occupation, and other details are required to be mentioned.
  3. Then you will get on to another page where you have to upload the scan copies of the documents asked for. There you have to upload those documents like PAN, AADHAAR, Income Proof and address proof and other documents as mentioned there.
  4. Once you submit those documents after uploading, you will receive a call from the Prabhudas Lilladher executives and then they will verify your details.
  5. They will mail your login credentials for the account – trading and Demat once your verification is done and successful.
  6. To Open Prabhudas Lilladher Trading Account, there are no separate steps you need to follow, it is a two-in-one account and thus once you create Demat account, your trading account will be automatically created.

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What are the various Trading Platforms provided by Prabhudas Lilladher?

There are all three Prabhudas Lilladher Trading Platforms which you can access once you have the account with them. There are Prabhudas Lilladher Mobile App, Prabhudas Lilladher Trading Terminal and web-based trading platform.

Prabhudas Lilladher Trading Terminal: Prabhudas Lilladher ODIN Diet

Prabhudas Lilladher Trading Terminal is ODIN Diet (FT) and it is no doubt one of the best trading terminals in the country at present and used by millions of traders. The firm offers this platform to the clients who trade heavily daily so that there are no time lags and they get the best of the trading experience.

Prabhudas Lilladher Mobile Trading App: PL Mobile App

The Prabhudas Lilladher Mobile Trading Platform is known as PL Mobile App which is one of the most used mobile trading application and it has features which are rare on the mobile platform and that helps in trading to a huge extent. The application is lightweight and the interface is super smooth.

Prabhudas Lilladher Web Trading Platform: PL Client Web Trading

Prabhudas Lilladher online trading platform is known as PL Client and it has one of the most responsive interfaces you will see ever in the industry. The online trading has been taken to another level with this platform and its features are unbelievably well designed to give you a fine trading experience.

Prabhudas Lilladher 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?Yes
Are they providing Web Trading Platform?Yes
Do they have Mobile Web Platform?Yes
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 Prabhudas Lilladher Trading Applications?

Let us now discuss each of the platforms in details –

Prabhudas Lilladher Trading Terminal: Prabhudas Lilladher ODIN Diet Features

  • ODIN Diet no doubt has the best interface ever. You download it and install it and you are ready to trade.
  • You get all the livestock market prices on your screen, customize the market watch-list and track all your portfolio and stocks that you want to add or sell on one platform.
  • There are charts, historical data, indicators, technical tools for analysis and a lot more, that you can use for your research of the stocks and other instruments while investing.
  • The payment gateways are super safe and secure
  • There are various exchanges where you can trade using this one platform at a time.
  • Multiple market watch is there so you can check the equities as well as the currencies at the same time.
  • Lots of banks are associated with the accounts and the terminal provides a seamless transaction of funds making your trades smoother.

Prabhudas Lilladher Mobile Trading App: PL Mobile App Features

  • This is an auto-customized application which depends on the internet connection speed
  • You can set multiple market watch and check different asset classes at the same time and trade across various exchanges as well
  • Real-time data and charting have been integrated
  • Market scanners are available on the mobile platform which helps you to filter the stock you want to track easily and based on your portfolio
  • Order placement is superfast with the platform and you can travel and trade as well as this application can be used at any place and anytime if you have an internet connection.

Prabhudas Lilladher Web Trading Platform: PL Client Web Trading Features

  • No download, no installations
  • The platform is highly customizable you can customize the platform as you want
  • The online trading platform is loaded with features like technical indicators, charts, market data both historical and real time
  • Within this one platform, you can access the intraday calls, long and short term calls as well
  • Transferring funds using this platform is safe and easy, it has an association with more than 15 banks.

PL trading platforms are regarded as one of the best in the industry thus you can expect to have a great trading experience on them.

Prabhudas Lilladher 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?Yes
Do these platforms have News Flash?No
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?No
Do this software’s provide Personalized Advisory?Yes
Are these platforms capable of Interactive Chartings?Yes
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 Prabhudas Lilladher?

The range of Prabhudas Lilladher Products is really broader than most of the general stock brokers.

As you can see in the above table, the firm sells equities, currencies, futures, and options as the basic trading instruments but also cater to the need of the clients who wants to trade the mutual funds, SIP investments and they also have insurance products which are not always found in a stock brokerage house.

So, under one roof, you are getting most of the financial instruments. This provides ease of trading and you can also diversify your portfolio and reduce your risk using the products.

Prabhudas Lilladher Products
Here are the various products provided by Prabhudas Lilladher 
Does the broker allow Equity Trading?Yes
Does the broker allow Commodity Trading?No
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?Yes
Do they have Insurance as a Product?Yes

What are the various Services offered by Prabhudas Lilladher?

There are hardly any services that Prabhudas Lilladher Services doesn’t provide which are required by the traders.

They are not a banking institution, thus they do not have any three-in-one account and banking services, but apart from that, they provide all fundamental and high-end financial services.

Whether it is the Demat and trading services or the Robo Advisory services which are not found with many stockbrokers. If you want Portfolio management services, that also they have under their kitty.

Prabhudas Lilladher Services
Check out the various services provided by Prabhudas Lilladher 
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?Yes
Does the broker provide PMS?Yes
Do they have Trading Institution available?No
What is the Trading Exposure this broker provides?Upto 5x

Does Prabhudas Lilladher provide Research & Advisory to their clients?

The Prabhudas Lilladher Research services include company stock reviews, free stock tips to the clients and also daily top picks in the market.

The team in the research department works really hard to get the best possible opportunities from the market for its clients and PL EDGE which is the research segment of the firm is known to be one of the premier research services in the financial industry and especially in the stock market.

The Prabhudas Lilladher Advisory team is no behind and provides offline advisory and Relationship manager services as required by the client. The Prabhudas Lilladher Tips provided by the research department can be accessed on the trading platforms itself.

Prabhudas Lilladher Research, Advisory & Stock Tips
Here are the various research activities done by it
Does the broker shares Fundamental Reports?No
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?No
Does the broking company provide Top Picks?Yes
Are they sharing Daily Market Review?No
Do they have Monthly Reports?No
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 Prabhudas Lilladher?

Prabhudas Lilladher Customer Care is available for the customers, day in and day out. They are there to assist you regarding any kind of offline trades and online trades. they also have a dedicated dealer service to assist the clients.

Prabhudas Lilladher 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?Yes
Does this broker provide Email Support?No
Is this broker having Chat Support?No
How many Branches the stock broker has?35

Are there any Complaints filed against Prabhudas Lilladher by their clients?

The number of Prabhudas Lilladher Complaints registered in the NSE and BSE last year were very few compared to the active client base, it was next to nil. The numbers given above as you can see are only 3 and 5 on the two exchanges and they were resolved in the same year only.

Prabhudas Lilladher Complaints
Here you will know about the Complaints lodged against it
What is the total number of Complaints Lodged in BSE?3
How many of these complaints have been Resolved in BSE?3
What is the total number of Complaints Lodged in NSE?5
How many of these complaints have been Resolved in NSE?5

What Are The Advantages / Benefits Of Prabhudas Lilladher Trading Account?

The benefits of Prabhudas Lilladher Trading Account are –

  • Exceptional trading platforms – you get to trade using one of the best trading platforms in the industry.
  • The research and advisory department of the firm is one of the most sought after and reckoned for its exceptional services
  • You get the cheapest brokerage ever from this firm
  • The products and services list is never-ending
  • It has huge experience in the industry and has been developing products and services for the betterment of the customers.

What are the Prabhudas Lilladher Review & Ratings as per their Customer?

The Prabhudas Lilladher Rating depicts that the firm is doing fairly well and it can be improved as well. However, the Prabhudas Lilladher Review which is given by the customers suggests that they want better type of products and little bit innovation in the trading platform as well.

Prabhudas Lilladher Ratings & Reviews
We are looking at Companies Ratings on various parameters
Stock Market Research & Broking Advisory6.2/10
Brokerage & other Charges like – Turnover, Transaction Charges etc.6.2/10
Types of Products & Services the Brand provides6.1/10
Performance Mobile App, Trading Terminal & Web Trading Platform6.3/10
Experience in the Broking Business6.4/10
Total Avg. Rating of Broking House6.2/10
Star Rating of given to Stock Broker★★★☆☆
Number of People Contributed to these Ratings215

Prabhudas Lilladher Conclusion

Prabhudas Lilladher is one of the premier stock brokerage houses in the industry with a huge network. This Prabhudas Lilladher Review can be concluded by suggesting that the firm is really great at certain aspects like the brokerage is super affordable and there are also some of the aspects which need to be looked after like the exposure level.

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