Flattrade Vs Elite Wealth
Flattrade
Flattrade Capital Services Review 2024 gives an overall view of the updates about the Brokerage Charges, Margin, Trading Software, Flattrade Capital Demat Account Charges, NRI Account, Branches, Customer Support, Advantages and Disadvantages.
Flattrade Vs Elite Wealth - Broker Details
| Flattrade | Elite Wealth | |
|---|---|---|
| Single Margin Facility |
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| Year of Incorporation | 2004 | 1990 |
| Exchanges | BSE, NSE and MCX | NSE, BSE, MCX and NCDEX |
| Branches | 6 | N/A |
| Brokerage | ₹0 (Free) | 0.03% |
| Broker Type | Discount Broker | Full Service Broker |
Flattrade Vs Elite Wealth - Account Opening & AMC Charges
| Flattrade | Elite Wealth | |
|---|---|---|
| Trading Account Opening Charge | ₹200 + GST | ₹0 (Free) |
| Demat Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account AMC | ₹0 (Free) | First Year Free then Rs. 399 + GST per Year (Online method) or Rs. 599 + GST One Time Charges for Lifetime (Online method |
| Trading Account AMC | ₹0 (Free) | ₹0 (Free) |
Flattrade Vs Elite Wealth - Brokerage charges & Plans
| Flattrade | Elite Wealth | |
|---|---|---|
| Commodity Futures | ₹0 (Free) | 0.03% |
| Currency Futures | ₹0 (Free) | 0.03% |
| Equity Delivery | ₹0 (Free) | 0.33% |
| Equity Options | ₹0 (Free) | ₹33 per Lot |
| Commodity Options | ₹0 (Free) | 0.03% |
| Equity Futures | ₹0 (Free) | 0.03% |
| Currency Options | ₹0 (Free) | ₹33 per Lot |
| Fixed Charges | ₹0 (Free) | 0.03% |
| Equity Intraday | ₹0 (Free) | 0.03% |
Flattrade Vs Elite Wealth - Other Charges
| Flattrade | Elite Wealth | |
|---|---|---|
| RMS Square Off Charge | ₹50 +GST | Equity Options & Currency Options:- ₹20 + GST | ₹0 (Free) |
| API Charges | ₹0 (Free) | ₹0 (Free) |
| Call & Trade Charges | ₹50 +GST | Equity Options & Currency Options:- ₹20 + GST | ₹0 (Free) |
| Other Brokerage Charges | ₹0 (Free) | 0.03% |
| Minimum Brokerage | ₹0 (Free) | 0.03% |
Flattrade Vs Elite Wealth - Transaction Charges
| Flattrade | Elite Wealth | |
|---|---|---|
| Currency Options | NSE : 0.035% | BSE : 0.001% | NSE: Exchange turnover charge: 0.04% | Clearing charge: 0.025% | BSE: Exchange turnover charge: 0.001% |Clearing charge: 0.025% |
| Equity Futures | 0.0020% | NSE: 0.00195% on Total Turnover value |
| Equity Intraday | NSE : 0.00345% (FOR NIFTY 50, NIFTY NEXT 50); BSE 0.003% | NSE: 0.00275% (OTHER THAN NIFTY 50 & NIFTY NEXT 50) | NSE: 0.00335% on Turnover Value (Buy & Sell) | NSE .00275% on Turnover Value (Buy & Sell) | BSE: Charges vary as per The Scrip Group | Exchange turnover charge: 0.00022% | Clearing charge: 0.0004% |
| Equity Options | 0.053% (on premium) | NSE: 0.053% on Premium value |
| Commodity | 0.0026% | 0.0013% (FAR MONTH CONTRACT) | Commodity option:- 0.05% | Non-Agri: 0.00210% On Turnover For A Category (Near & Next Month To) 0.0013% On Turnover For A Category (Far Month TO) 0.00175% On Turnover For B Category Agri: 0.006% On Turnover For A Category 0.002% On Turnover For B Category 0.0001% On Turnover For C Category Special Charges For Followers Scrip: 0.0005% On Turnover For CASTORSEED 0.0005% On Turnover For KAPAS 0.00005% On Turnover For PEPPER 0.001% On Turnover For RBDPMOLEIN |
| Currency Futures | NSE : 0.0009% | BSE : 0.00022% | NSE: Exchange turnover charge: 0.0009% |Clearing charge: 0.0004% | BSE: Exchange turnover charge: 0.00022% |Clearing charge: 0.0004% |
| Equity Delivery | NSE: 0.00345% (FOR NIFTY 50, NIFTY NEXT 50); BSE 0.003% | NSE: 0.00275% (OTHER THAN NIFTY 50 & NIFTY NEXT 50) | NSE: 0.00335% on Turnover Value (Buy & Sell) | NSE .00275% on Turnover Value (Buy & Sell) | BSE: Charges vary as per The Scrip Group Exchange turnover charge: 0.00022% | Clearing charge: 0.0004% |
Flattrade Vs Elite Wealth - Margin (Exposure)
| Flattrade | Elite Wealth | |
|---|---|---|
| Equity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Equity Intraday | 5x (Up to 20% of trade value) | 5x (Up to 20% of trade value) |
| Currency Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + exposure)) |
| Commodity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Commodity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Equity Delivery | 1x (100% of trade value) | 1x (100% of trade value) |
| Currency Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + exposure)) |
| Equity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
Flattrade Vs Elite Wealth - Features
| Flattrade | Elite Wealth | |
|---|---|---|
| Online Portfolio |
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| Algo Trading |
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| Margin Trading Facility |
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| Call & Trade Facility |
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| Referral Program |
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| Collateral Margin |
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| Online Demo |
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| 3 in 1 Account |
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| Charting |
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| Intraday Square-off Time | Equity & F&O:- 3:20pm | Currency: 4:30PM | Commodity:-11:30 PM | Equity & F&O:- 3:15 PM | Currency 4:45 PM | Commodity:- 11:25 PM |
| Trading Platform | Flattrade - (Share Trading App), Web Trading | 1. Elite Empower Mobile App, 2. Elite Enhance Desktop Software, 3. Elite Kuber Mutual Fund App, 4. Elite Web Online Platform |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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Flattrade Vs Elite Wealth - Review & Rating
| Flattrade | Elite Wealth | |
|---|---|---|
| Trading Brokerage | ||
| Customer Service | ||
| Fees | ||
| Trading Platform Usability | ||
| Mobile App | ||
| Research | ||
| Desktop Software | ||
| Overall Ratings | ||
| Broker Rating | ||
| Call Back Open Account |
Flattrade Vs Elite Wealth - Request a call back from Broker
| Flattrade | Elite Wealth | |
|---|---|---|
Flattrade Vs Elite Wealth - Investment Options
| Flattrade | Elite Wealth | |
|---|---|---|
| Currency |
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| IPO |
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| Commodity |
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| Debt |
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| Other Options |
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| Stock Cash / Equity |
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| Mutual Funds |
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| Bond / NCD |
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Flattrade Vs Elite Wealth - Order Type
| Flattrade | Elite Wealth | |
|---|---|---|
| Bracket Order/BO/OCO |
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| BTST |
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| Cover Order/CO |
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| Good Till Cancelled (GTC) |
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| BUY ABOVE/SELL BELOW (SL-M) |
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| After Market Order(AMO) |
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| STBT |
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Flattrade Vs Elite Wealth - Research & Report
| Flattrade | Elite Wealth | |
|---|---|---|
| Free Tips |
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| Quarterly Result Analysis |
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| Daily Market Report |
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| News Alerts |
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Flattrade Vs Elite Wealth - Daily Market Report
| Flattrade | Elite Wealth | |
|---|---|---|
| Daily Market Reports & News |
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Flattrade Vs Elite Wealth - Suitable For Investor
| Flattrade | Elite Wealth | |
|---|---|---|
| Casual Investor |
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| Active Investor |
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| Trader |
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Flattrade Vs Elite Wealth - Pros & Cons
| Flattrade | Elite Wealth | |
|---|---|---|
| Pros | 1. It provides free account opening and annual maintenance charges. 2. It has a strong hold on the southern part of India. 3. They offer offline branches as to serve their customers offline. 4. It provides various decent customer services to its customers. 5. Zero Brokerage in All Segments | 1. It is a full-service broker 2. It provides equity and Mutual Fund research and recommendation services to all its customers. 3. Excellent Research 4. Call n Trade Facility 5. It facilitates its customers with a RM (Relationship Manager). 6. It offers Upcoming IPO updates 7. Online access to the account on all days |
| Cons | 1. It has a limited number of trading and investment products. 2. It has less focus on technology with only one in-house trading platform (Mobile app) and that too is kind a mediocre in performance. 3. The fortune trading is petty limited. 4. Exchange transactions charges are higher than other discount brokers. | 1. Brokerage charges are high as compared to the discount brokers. 2. It does not provide three-in-one account and does not have banking license. 3. Risk of Overtrading. |
Flattrade Vs Elite Wealth - Background
| Flattrade | Elite Wealth | |
|---|---|---|
Flattrade Vs Elite Wealth - Compare All Brokers
| Flattrade | Elite Wealth | |
|---|---|---|
Flattrade Vs Elite Wealth - STT/CTT
| Flattrade | Elite Wealth | |
|---|---|---|
| Commodity Futures | 0.01% on sell side | 0.01% on Sell Side Non-Agri |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% on Sale side | 0.025% on Sell |
| Equity Options | 0.05% on sell side (on premium) | Option Excised 0.125% | 0.05% on Sell (on Premium) |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% Buy & Sell | 0.1% on both buy & Sell |
| Equity Futures | 0.01% on sell side | 0.01 % on Sell |
| Commodity Options | 0.05% on sell side | 0.05% on Sell Side |
Flattrade Vs Elite Wealth - Demat transaction charges
| Flattrade | Elite Wealth | |
|---|---|---|
| Equity Demat Transaction Charges | ₹20 + GST per scrip only on sell | No Charges |
Flattrade Vs Elite Wealth - GST
| Flattrade | Elite Wealth | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (brokerage + transaction charges + SEBI charges) | 18% on (Brokerage + Transaction Charge) |
Flattrade Vs Elite Wealth - SEBI Charges
| Flattrade | Elite Wealth | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/Crore |
Flattrade Vs Elite Wealth - Account Opening & AMC Charges
Flattrade
Elite Wealth
Trading Account Opening Charge
₹200 + GST
₹0 (Free)
Demat Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account AMC
₹0 (Free)
First Year Free then Rs. 399 + GST per Year (Online method) or Rs. 599 + GST One Time Charges for Lifetime (Online method
Trading Account AMC
₹0 (Free)
₹0 (Free)
Flattrade Vs Elite Wealth
| Flattrade | Elite Wealth | |
|---|---|---|
Flattrade ReviewFlattrade Trading Corporation is a Chennai-based discount stock broking company. It was incorporated in 2004 as Fortune Capital Services Private Limited. It is one of the fastest growing financial brokers. It is an expert in offering the zero brokerage&nbs .. + " Vs "+ Elite Wealth |
Elite Wealth Review | Products and Trading Platforms |
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Elite Wealth
Flattrade Vs Elite Wealth - Brokerage charges & Plans
| Flattrade | Elite Wealth | |
|---|---|---|
| Commodity Futures | ₹0 (Free) | 0.03% |
| Currency Futures | ₹0 (Free) | 0.03% |
| Equity Delivery | ₹0 (Free) | 0.33% |
| Equity Options | ₹0 (Free) | ₹33 per Lot |
| Commodity Options | ₹0 (Free) | 0.03% |
| Equity Futures | ₹0 (Free) | 0.03% |
| Currency Options | ₹0 (Free) | ₹33 per Lot |
| Fixed Charges | ₹0 (Free) | 0.03% |
| Equity Intraday | ₹0 (Free) | 0.03% |
| Call Back Open Account |
Flattrade Vs Elite Wealth - Margin (Exposure)
| Flattrade | Elite Wealth | |
|---|---|---|
| Equity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Equity Intraday | 5x (Up to 20% of trade value) | 5x (Up to 20% of trade value) |
| Currency Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + exposure)) |
| Commodity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Commodity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Equity Delivery | 1x (100% of trade value) | 1x (100% of trade value) |
| Currency Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + exposure)) |
| Equity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Call Back Open Account |
Flattrade Vs Elite Wealth - Other Charges
| Flattrade | Elite Wealth | |
|---|---|---|
| RMS Square Off Charge | ₹50 +GST | Equity Options & Currency Options:- ₹20 + GST | ₹0 (Free) |
| API Charges | ₹0 (Free) | ₹0 (Free) |
| Call & Trade Charges | ₹50 +GST | Equity Options & Currency Options:- ₹20 + GST | ₹0 (Free) |
| Other Brokerage Charges | ₹0 (Free) | 0.03% |
| Minimum Brokerage | ₹0 (Free) | 0.03% |
Flattrade Vs Elite Wealth - STT/CTT
| Flattrade | Elite Wealth | |
|---|---|---|
| Commodity Futures | 0.01% on sell side | 0.01% on Sell Side Non-Agri |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% on Sale side | 0.025% on Sell |
| Equity Options | 0.05% on sell side (on premium) | Option Excised 0.125% | 0.05% on Sell (on Premium) |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% Buy & Sell | 0.1% on both buy & Sell |
| Equity Futures | 0.01% on sell side | 0.01 % on Sell |
| Commodity Options | 0.05% on sell side | 0.05% on Sell Side |
Flattrade Vs Elite Wealth - Demat transaction charges
| Flattrade | Elite Wealth | |
|---|---|---|
| Equity Demat Transaction Charges | ₹20 + GST per scrip only on sell | No Charges |
Flattrade Vs Elite Wealth - GST
| Flattrade | Elite Wealth | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (brokerage + transaction charges + SEBI charges) | 18% on (Brokerage + Transaction Charge) |
Flattrade Vs Elite Wealth - SEBI Charges
| Flattrade | Elite Wealth | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/Crore |
Flattrade Vs Elite Wealth - Features
| Flattrade | Elite Wealth | |
|---|---|---|
| Online Portfolio |
|
|
| Algo Trading |
|
|
| Margin Trading Facility |
|
|
| Call & Trade Facility |
|
|
| Referral Program |
|
|
| Collateral Margin |
|
|
| Online Demo |
|
|
| 3 in 1 Account |
|
|
| Charting |
|
|
| Intraday Square-off Time | Equity & F&O:- 3:20pm | Currency: 4:30PM | Commodity:-11:30 PM | Equity & F&O:- 3:15 PM | Currency 4:45 PM | Commodity:- 11:25 PM |
| Trading Platform | Flattrade - (Share Trading App), Web Trading | 1. Elite Empower Mobile App, 2. Elite Enhance Desktop Software, 3. Elite Kuber Mutual Fund App, 4. Elite Web Online Platform |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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| Call Back Open Account |