Steel City Review, Special Offers, Demat, Trading A/C and Brokerage

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 other.

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

Steel City offers


What do you know about Steel City?

About Steel City 
Know a 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 the Company Located? Vishakhapatnam, AP
Who is the Founder of this Company? Satish Kumar Arya
When did the company start? 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 a Free Demat A/C offer? Yes
    Does the broker provide Free Trading A/C offer? Yes
    Is this broker offers a Discount on Brokerage? Yes
    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? 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 required? 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 a deep understanding of all other charges levied by Steel City 
    How much are 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 is 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 a Web Trading Platforms? Yes
      Do they have a 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
      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? 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 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 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 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 share Fundamental Reports? No
      Does the broker share Research Reports? Yes
      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 Steel City?

      Steel City 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? 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 given to Stock Broker ★★★☆☆
      Number of People Contributed to These Ratings 176

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