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 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 TypeFull Service Broker
Demat Account AMCRs.300 per Annum
Margin RequiredZero Margin
Intraday Brokerage0.03%
Delivery Brokerage0.28%
ExposureUpto 7X

Steel City offers


What do you know about Steel City?

About Steel City 
Know few details about Steel City 
Which type of Company is it? – Public / PrivatePublic
Which type of Broker is it? – Full Service / DiscountFull 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 TradesNo

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 Advisory2.6/5
Brokerage & other Charges like – Turnover, Transaction Charges etc.2.9/5
Types of Products & Services the Brand provides2.4/5
Performance Mobile App, Trading Terminal & Web Trading Platform2.5/5
Experience in the Broking Business2.3/5
Total Avg. Rating of Broking House2.5/5
Star Rating of given to Stock Broker★★★☆☆
Number of People Contributed to these Ratings176

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