Nirmal Bang: Trading & Demat Account, Reviews, Charges: 2020

Nirmal Bang, one of most popular stock brokers as well as trading services provider in the country, has been around since 1986. Nirmal Bang offers complete stock trading services to all of its clients via multiple methods including online stock trading in the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).

Nirmal Bang: Overview

Based out of Mumbai, Maharashtra, the firm gained popularity because of its excellent stock trading platform available to the clients. Along with that, the firm also offers brilliant advisory services and effective trading software and algorithms to its customers.

Nirmal Bang is registered in India’s major stock exchanges like Bombay Stock Exchange Ltd (BSE), National Stock Exchange Ltd (NSE), National Commodity & Derivatives Exchange Ltd (NCDEX), Multi Commodity Exchange of India Ltd (MCX), National Multi Commodity Exchange of India Ltd (NMCE). Along with these, the company also is a membership being a Depository Participant (DP) in Central Depository Services (CDSL) and National Securities Depository Limited (NSDL).

Among the products, Nirmal Bang offers trading services for equities, derivatives, currencies and commodities. Among financial services, there is facilities to trade bonds, mutual funds, fixed deposits, etc, and there is a dedicated desk for Institutional customers and NRIs alike, which offers services like insurance, margin financing, clearing service, Portfolio Management (PM), Investment Banking.

Since it is a full-service broker, Nirmal Bang emphasizes on research which is visible from its in-depth and comprehensive research reports, available to customers. Research reports includes market insights, along with identifying and recommending investment opportunities for its customers, like timings of technical calls on equity, commodity and derivatives;  IPO Watch, reports on currency’s options, etc.

Nirmal Bang : Trading Platforms

1. ODIN: ODIN is a light-weight downloadable application for computer platform, facilitating trading for frequent traders and active clients.. 2. NET NET: Built using HTML, this is a web trading application provding all the basic features like charting, market watch, etc. 3. Beyond Mobile App: Beyond, a stock trading mobile application powered by Nirmal Bang, allows its customers to trade on-the-go in equities, derivatives, commodities and currencies. A risk management software that functions real time, and is connected to both Broking Back-office & DP Back-office during market hours. 4. LD-Client Level Software: LD Back office, a LIVE Back-office Software, is built using W2FP technology while being directly connected to the main database and provides the same amount of information a H.O. or Branch could provide. The application also offers access to a whole 28 different reports, which can be exported in multiple file formats and printed as well.

The company has presence in over 16 states, where you can visit any branch to trade.

There are dedicated phone numbers where you can call and trade, and an executive would put the order on your behalf.

Nirmal Bang Account Opening Charges:2020

ChargeAmount
Demat Account Opening Charges₹0
Trading Acc Opening Charges₹0
Trading Account AMC₹0
Demat Account AMC₹200 per year

Nirmal Bang Account Brokerage Charges: 2020

Nirmal Bang :null Brokerage Charges

ChargeAmount
Plan Name
Equity Delivery0.2%
Equity Intraday0.02%
Equity Futures0.02%
Equity Options₹35
Currency Futures0.02%
Currency Options₹20
Commodity Options0.01%
Mutual Fund

Nirmal Bang Currency Trading

Being an authorized broker registered in NSEC, BSEC & MCXC, Nirmal Bang also offers currency trade to help clients maximize their investment profits with minimal least risk. Since currency market happens to be one of the highly volatile markets, they take pride in their research capabilities while guiding investors through

Nirmal Bang Commodity Trading

Nirmal Bang also offers commodity trading to all its retail customers, in the sense that they have the provision to trade in commodities through futures and options in the market. Commodities like agriculture grains, oil, gas, precious and base metals are the few commodities available for trading.

Being a registered member

Nirmal Bang Margin/Exposure

Nirmal Bang interaday, delivery, F&O, currency and commodity margins/exposure

SegmentTrading Margin
Equity DeliveryUpto 10x
Equity IntradayUpto 4x
Equity FutureUpto 4x
Equity OptionsUpto 2x for shorting
Currency FutureUpto 2x for shorting
Currency OptionsUpto 3x
Commodity FutureUpto 3x
Commodity Options
Your finances on track