Interactive Brokers vs Nirmal Bang Comparison: 2024

About Interactive Brokers

Interactive Brokers, found in 1978 is currently one of the biggest discount brokers in the world. Naturally, the broker is regulated by different financial authorities according to the country, including UK's Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC), and India’s Securities and Exchange Board of India (SEBI). It has presence over a number of countries worldwide!

A one-stop solution for Indian residents interested in investing both in the Indian as well as the global markets.

Interactive Brokers: An Overview

Interactive Brokers has business on over 135 market destinations worldwide, where they provide service of trading stocks, options, futures, forex, fixed income and funds worldwide, executing about 1,746,000 trades per day.

Interactive Brokers has its headquarters in Greenwich, Connecticut. It functions with over 1400 employees in a number of countries like the USA, Switzerland, Canada, India, Hong Kong, UK, Australia, Hungary, Russia, Japan, China and Estonia.

In India, the

About Nirmal Bang

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

Interactive Brokers vs Nirmal Bang Account Opening Charges: 2024

ChargeInteractive BrokersNirmal Bang
Demat Account Opening Charges₹0₹0
Trading Acc Opening Charges₹0₹0
Trading Account AMC₹0₹0
Demat Account AMC₹0 ₹200 per year

Interactive Brokers vs Nirmal Bang Brokerage Charges and Plans : 2024

ChargeInteractive BrokersNirmal Bang
Plan NameN/AN/A
Equity DeliveryMinimum ₹6 and Upto ₹20 per executed order0.2%
Equity IntradayMinimum ₹6 and Upto ₹20 per executed order0.02%
Equity FuturesMinimum ₹6 and Upto ₹20 per executed order0.02%
Equity OptionsMinimum ₹6 and Upto ₹20 per executed order₹35
Currency FuturesMinimum ₹6 and Upto ₹20 per executed order0.02%
Currency OptionsMinimum ₹6 and Upto ₹20 per executed order₹20
Commodity OptionsN/A0.01%
Mutual FundN/AN/A

Interactive Brokers vs Nirmal Bang Margin / Exposure: 2024

SegmentInteractive BrokersNirmal Bang
Equity DeliveryN/AUpto 10x
Equity IntradayN/AUpto 4x
Equity FutureN/AUpto 4x
Equity OptionsN/AUpto 2x for shorting
Currency FutureN/AUpto 2x for shorting
Currency OptionsN/AUpto 3x
Commodity FutureN/AUpto 3x
Commodity OptionsN/AN/A

Interactive Brokers vs Nirmal Bang Currency Charges and Plans: 2024

Interactive Brokers charge Minimum ₹6 and Upto ₹20 per executed order for Currency Futures and Minimum ₹6 and Upto ₹20 per executed order for Currency Options whereas Nirmal Bang Charges 0.02% for Currency futures and ₹20 for Currency options.
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