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Unbiased Review of Parim Finserv: Pros, Cons, and User Feedback | Garv Thakur

 
 
 

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Parim Finserve Review 

Parim Finserve is a brokerage firm with a unique and customer-centric approach to online investing. Parim Finserv prefers online investment platforms while offering an almost zero brokerage fee structure. Parim Finserve's pricing model is transparent and straightforward, charging a fixed Rs. 20/- per trade, regardless of the trade's size, or offering unlimited trading for just Rs. 1790/- per month. Parim Finserv's website design reflects its dedication to simplicity and clarity. It provides investors with all the essential information they need without overwhelming them with unnecessary details. Efficiency and cost-saving are at the core of Parim Finserve's operations. They have streamlined various processes, including client registration, in-person verification through web cameras, order entry, execution, back-office access, and fund transfers. These efforts are aimed at reducing the need for client assistance, allowing them to pass on the savings directly to their investors. 


Parim Finserv is a SEBI-registered stock brokerage firm. To offer trading and clearing services, Parim Finserv is associated with two Indian stock exchanges, including the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). Parim Financial offers depository services through the membership of Central Depository Service Limited (CDSL). Parim Financial offers demat and trading accounts to customers who trade and invest in the stock market.


Parim Finserv Account Opening Charges 

Account Type

Charges

Demat Account Opening Charges

₹325 + 15% Service Tax

Demat Account AMC Charges

₹1375/- Lifetime AMC

Trading Account Opening Charges

₹325 + 15% Service Tax

Trading Account AMC Charges

NA


Parim Finserv Trading Platforms

Parim Finserv offers advanced online trading software and a mobile app to customers for trading through any devices desktop, mobile, iPad, or tablet. Parim Finserv platform is equipped with all the necessary features and trading tools. Parim Finserv trading platforms are mentioned below:

1. Parim Trade Mobile App

2. Parim Web-Terminal

3. Parim XTS-desktop software


Parim Finserv Features

Here are some features and benefits of Parim Finserv:

  • Discount Brokerage: Parim Finserv offers a discount brokerage model, providing cost-effective trading solutions to investors.

  • Unlimited Trading: For the avid trader, they provide an unlimited trading plan at a fixed monthly rate of ₹1790, allowing you to trade without worrying about per-transaction charges.

  • Online Trading Platform: Their online trading platform is user-friendly and efficient, catering to both seasoned traders and new investors, offering seamless trading experiences.

  • Call and Trade: Parim Finserv understands the importance of accessibility. They offer a 'Call and Trade' service for clients who prefer trading over the phone.

  • Free Trading Software: Clients can access their state-of-the-art trading software without incurring any additional costs, making it easier for traders to execute their strategies.

  • Mobile App: Parim Finserv provides a mobile app, enabling traders to stay connected and trade on the go, using the same account as the web platform.

  • ₹20 per Transaction: In the Cash Market (CM) and Futures and Options (F&O) segments, they charge a nominal fee of ₹20 per transaction, regardless of trade size.

  • Fast and Efficient Platforms: Their trading platforms are designed to be fast and efficient, catering to the needs of investors who value their time and want quick execution of trades.

  • Interconnected Trading Software: Parim Finserv offers interconnected trading software, ensuring a seamless trading experience across both mobile and web platforms, all within a single account.


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Frequently Asked Questions


Parim Finserv offers depository services and trade and investment services in equity, currency, futures, and options.
No, You can trade in only the Indian stock market through Parim Finserv.
Parim Finserv Private Ltd. is an online stock brokerage firm that offers trading and investment services in different segments of the stock market, such as equity, currencies, futures, and options.
Yes, You can trade in both equities and derivatives through Parim Finserv.
Parim Finserv partnered with XTS to provide desktop-based trading software to its customers.
The customer support hours at Parim Finserv are Mon to Sat (10:00 AM to 6:00 PM).
No, there are no hidden fees associated with trading through Parim Finserv.
Yes, Parim Finserv provides a mobile trading app “Parim Trade” to its customers.
No, You can not trade in commodities with Parim Finserv.
Parim Finserv offers multiple brokerage plans which are based on per Trade, Monthly, and per lot.
You can trade in equity, currency, futures, and options through Parim Finserv.
You can contact Parim Finserv via email “admin@parimfinserv.com” or contact number “9033434411-22-33”.
Parim Finserv charges an Rs. 1375/- Lifetime AMC fee for the demat account.
Yes, Parim Finserv offers online trading.
Parim Finserv charges ₹325 + 15% Service Tax for opening a demat and trading account.
No, You can not invest in mutual funds through Parim Finserv.
Yes, Parim Finserv a is registered stock brokerage firm; it holds membership of the Securities and Exchange Board of India (SEBI), National Stock Exchange (NSE), Bombay Stock Exchange (BSE), and Central Depository Services Limited (CDSL).
No, Parim Finserv does not offer IPO investment services.
Maybe, Parim Finserv offers research tools or reports to its customers.