Steel City is a unique company located in Vishakhapatnam. It is a public limited company that offers full-service stockbroking services. The reason we have used the word ‘unique’ for this company is mainly that every aspect is different from one another.
For instance, they charge ₹300 for the AMC of the Demat accounts, whereas, they charge just 0.03% for Intraday Brokerage. For Delivery Brokerage, they have posted 0.28%, which is comparatively lower than its rival companies.
When it comes to trading exposure, they offer up to 7x, which is more than what its rival companies offer; and interestingly, they offer zero margin money.
Steel City Highlights |
Broker Type | Full Service Broker |
Demat Account AMC | Rs.300 per Annum |
Margin Required | Zero Margin |
Intraday Brokerage | 0.03% |
Delivery Brokerage | 0.28% |
Exposure | Upto 7X |
What do you know about Steel City?
About Steel City |
Know few details about Steel City |
Which type of Company is it? – Public / Private | Public |
Which type of Broker is it? – Full Service / Discount | Full Service Broker |
Where is the registered office of Company Located? | Vishakhapatnam, AP |
Who is the Founder of this Company? | Satish Kumar Arya |
When did the company started? | 1995 |
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What are the various Demat Account Opening Charges levied by Steel City?
Steel City Demat Account Opening Fees |
Check out the various fees charged for Opening a Demat Account with Steel City |
Which is the Depository Participant involved? | CDSL & NSDL |
What are the Demat account opening charges? | Zero |
How much is the Demat AMC? | Rs.300 per Annum |
What is the Trading AMC? | Free |
What is the initial Margin amount required? | Zero Margin |
Is dematerialization available? | Yes |
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Does Steel City provide any Offers to their Clients?
Steel City Offers |
Here are the various offers provided by Steel City |
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? | Yes |
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 Trades | No |
What are the Brokerage Charges levied by Steel City on various Segments?
Steel City Brokerage Charges |
Here you will find details of brokerage levied by Steel City on all segments |
What are the Equity Delivery Charges? | 0.28% |
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.28 per Lot |
What is the brokerage on Currency Futures? | 0.03% |
What is the brokerage on Currency Options? | Rs.18 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? | Zero Margin |
Does Steel City levy any other charges apart from Brokerage?
Steel City Charges |
Get deep understanding of all other charges levied by Steel City |
How much is the Transaction Charges levied? | 0.00300% |
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 Steel City?
Steel City Exposure or Leverage |
Here you will find the exposure or limit provided by Steel City |
How much is the limit on Equity Delivery? | Upto 1X |
What is the limit on Equity Intraday? | Upto 7X |
How much is the limit on Equity Futures? | Upto 1X |
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 Steel City?
Steel City Trading Platforms |
Here you will find all the important trading platforms available with Steel City |
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? | Yes |
Does this broker provide Mobile Trading App for Android? | No |
Does this broker provide Mobile Trading App for iOS? | No |
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 Steel City Trading Applications?
Steel City Trading Application Features |
Here you will find various features available in Trading Platforms provided by Steel City |
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? | 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 |
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 Steel City?
Steel City Products |
Here are the various products provided by them |
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 Steel City?
Steel City Services |
Check out the various services provided by them |
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? | No |
What is the Trading Exposure this broker provides? | Upto 7X |
Does Steel City provide Research & Advisory to their clients?
Steel City Research, Advisory & Stock Tips |
Here are the various research activities done by them |
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? | 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? | 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 Manager to clients? | Yes |
What are the Customer Care details of Steel City?
Steel City 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? | 428 |
Are there any Complaints filed against Steel City by their clients?
Steel City Complaints |
Here you will know about the Complaints lodged against them |
What is the total number of Complaints Lodged in BSE? | 1 |
How many of these complaints have been Resolved in BSE? | 1 |
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 Steel City Review & Ratings as per their Customer?
Steel City Ratings & Reviews |
We are looking at Companies Ratings on various parameters |
Stock Market Research & Broking Advisory | 2.6/5 |
Brokerage & other Charges like – Turnover, Transaction Charges etc. | 2.9/5 |
Types of Products & Services the Brand provides | 2.4/5 |
Performance Mobile App, Trading Terminal & Web Trading Platform | 2.5/5 |
Experience in the Broking Business | 2.3/5 |
Total Avg. Rating of Broking House | 2.5/5 |
Star Rating of given to Stock Broker | ★★★☆☆ |
Number of People Contributed to these Ratings | 176 |
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