Indira Securities

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Indira Securities Review


Indira Securities Private Limited, which is a part of the Indira group, was incorporated in 1987 and has diversified its services into various financial instrument services in India. They have a strong presence in a variety of sections like corporate broking services, high net worth individual funds, Forex, commodities, Stock Broking, etc.

Indira group has introduced various competitive brokerage plans for its customers and provides a one-stop solution to all investing needs. You can also trade in mutual funds using the same service. They have a Portfolio of various technical software backing their trading needs. The official website is www.indiratrade.com which has a beautiful interface and every information is carefully categorized. You can easily select any option and get detailed knowledge about anything related to financial markets and the services they provide.

For the stockbroking division, Indira Securities Private Limited is registered with NSE, BSE, CDSL and MCX Stock Exchange. Another subsidiary company of the Indira group, Indira commodities Private Limited is registered with National commodity and derivatives exchange, Indian commodity exchange and MCX.

Trading Platform

Trade Insta mobile App Review

We tested the mobile trading application by Indira securities named as Trade Insta. The application has a rating of 4.1 stars and 197 reviews on the Play Store. This is an advanced application with almost all the advanced technical features required in modern-day mobile trading. It has a beautiful user interface and experience. Most of the reviews on the Play Store are 5-star reviews which can give us a basic idea of the quality of the application.

The first screen of the application is the dashboard which includes all the customized portfolio stocks that you have selected. It also displays your present Holdings and a big section for current news is displayed. You get all the trending news and activities affecting your portfolio at the same time. All the prices are updated by the second and you get to check the live prices of all financial instruments that you are trading in.

You can customize and create your own watchlist. Within your watchlist, you can select any stock and you will be able to view all the fundamental and technical data of the particular company. You also get to view the information in the form of charts and the application contains historical data of years which will help you to analyze deeply.

PROS:

  • Advanced analysis tool
  • Beautiful user interface
  • Customizable watchlist

CONS:
  • Many users have complained of technical issues
  • A lot of time taken to resolve issues by the support team

You can easily place orders directly while checking the stocks from the charts and the fundamental data. They also have a notes section in which you can keep adding the things that you want to prioritise. This particular feature is inbuilt to improve User experience.

Indira investor terminal – Web Platform

The browser-based application by Indira securities is called Indira investor terminal (NETNETHT – technical name). It is the most advanced software offered by Indira group. It contains all the required advanced technical features by professional traders. You can easily login with your login details and access the platform.

It contains a MarketWatch window which is totally customisable and you can add stocks of your choice in it. You can select any particular stock and perform technical analysis by using charts. It contains all the necessary technical indicators and the fundamental data of every financial instrument.

You can use it easily to transfer your funds between different accounts. The software in the backend of the platform is really strong and if you wish to trade through mobile, we would suggest you use this platform rather than the mobile application. Users have not complained of technical problems with this particular platform so it is recommended more than the mobile application.

Indira Trader Terminal – Desktop Application

The downloadable software by Indira securities is called Indira trader terminal. You can easily download the latest version from the download section of the website. This software is particularly designed for advanced traders who have to carefully analyse stocks and trade in multiple securities at the same time.

Speed is an important factor while trading for professional traders, hence you can use this application without any glitches in terms of speed. It has all the advanced technical analysis tools available at your disposal. You can create your own market watch and add particular stocks of financial instruments that you want to analyse. You can trade all the securities, commodities, sectors at the same place.

It contains almost all the important technical indicators required for technical analysis. The fundamental data and historical data of all the securities are inbuilt. You can download the diet version which is a light software and is compatible with all the modern computers.

You also get regular updates about different activities happening in the market that might affect your portfolio directly or indirectly. Research tips and calls by their expert research team is also presented within the application for your disposal. Indira securities have a strong research team that has been analysing the Indian stock market from decades.

Fee

Indira Security have two brokerage plan. You can opt any plan as per your requirements. Brokerage charges for equity, commodities and currency segments for Indira Securities are tabulated below.

  • Non Traditional Brokerages Plan
  • Traditional Brokerages Plan
SegmentBrokerage Charges
Equity DeliveryRs. 20 per Trade
Equity IntradayRs. 20 per Trade
Equity FutureRs. 20 per Trade
Equity OptionsRs. 20 per Trade
Currency FuturesRs. 20 per Trade
Currency OptionsRs. 20 per Trade
CommodityRs. 20 per Trade
SegmentBrokerage Charges
Equity Delivery10 paisa
Equity Intraday1 paisa
Equity Future1000/Crore
Equity Options25rs buying 25rs selling per lot
Currency Futures1000/Crore
Currency Options25rs buying 25rs selling per lot
Commodity1000/Crore

Indira Securities Account Charges

Demat & Trading charges are charged separately from the brokerage. Indira Securities Stock Broker doesn’t charge for account opening. Currently, they are offering free demat & trading account opening.

You have to pay below charges for your Indira Securities demat & trading account:

Trading Account Opening FeesFree
Demat Account Opening FeesFree
Demat Account AMC1st year Free /450 from second year onwards
Is demat account mandatory?Yes
Trading Account AMCNill

Margin

Indira Securities has a margin calculator that allows you to calculate a comprehensive margin including SPAN and Exposure margin.

The below table provides a segment-wise Margin or Exposure provided by Indira Securities for all segments.

SegmentMargin/Limit/Leverage
Delivery1x (no margin)
IntradayUpto 10x time Leverage (based on the stock)
Equity FuturesIntraday: 3x, Carry forward: 100%(1x) of Total margin (Span+ Exposure)
Equity Options1x (no margin)
Currency FuturesIntraday: 3x, Carry forward: 100%(1x) of Total margin (Span+ Exposure)
Currency Options1x (no margin)
Commodities FuturesIntraday: 3x, Carry forward: 100%(1x) of Total margin (Span+ Exposure)
Commodities Options 1x (no margin)

Account Opening

With brokers like Indira Securities, you can open in two different ways. Either you can open an Online account or you can opt for offline account opening via submitting physical forms. In the meantime, you can fill the below form to start opening an account with Indira Securities.

Apply For Indira Securities Account Opening

Fill the contact form to open a demat & trading account with Indira Securities.

You just need to keep handy your documents (Like Aadhar, PAN, Cancelled Cheque, and your latest bank statement) with you for when you are directed to upload them.

Go for Indira Securities online account opening as it is simple and easy to open an account. If you want to continue with completing a paper application via offline mode, here’s a checklist of required documents:

  • Make sure you sign across your passport size photograph.
  • You have signed all areas marked on account opening form.
  • Self-attest all uploaded copies of the documents.
  • Make sure that the cancelled cheque is linked to your primary banking account. If your name is not printed on the cheque, attach a Bank Statement so that we can validate the proof faster.
  • Derivatives: Do you want to trade in derivatives? Send us a copy of any one of the income proofs mentioned here:
    • Latest bank statement of the six months.
    • Latest Income Tax Return.
    • Salary Slip.
    • Latest Form 16

Verify all personal details on all the documents. Please send ALL the above documents to RKSV Securities India Private Limited, Salasar Business Park, Off 150 Feet Flyover Road, Bhayandar West, Thane, Maharashtra 401101.

To speed up document processing, please mention clearly your name and contact number on the envelope. If there is no discrepancy in the submitted form, Your account will be opened within 24 hours or less than that.

Education

It is extremely important to provide education to customers these days. Every newcomer entering the stockbroking industry expects the broker to provide the necessary tools to learn the stock market from basics to the advanced levels.

By clicking on the knowledge section of the website, you are redirected to a third party website that does not contain reliable information. We would recommend Indira securities to develop their own education section and provide information to its customers.

The third-party website was not recommended as safe by Google Chrome browser so we did not analyze it. You can also find some video tutorials on the website on which you can check some interesting techniques related to different financial markets.

Products and Services

You also get access to other financial markets like mutual funds. They have a separate login for Mutual Funds investing and you can analyse all the trending funds in the market. Under the research section, you can also get recommendations from their expert team for the best performing mutual funds.

You can also easily invest in IPOs through Indira Securities Broker. They also provide research and analysis of different IPOs entering the market. A separate section for currencies is also available online in which you can read about all the Forex services that they provide. You can basically trade in all the tradable currencies using services provided by Indira securities.

Research & Reports

The research section is presented on the website and anyone can have complete access to it. Indira securities have a strong research team that has been analysing the Indian stock market from years and has acquired a lot of experience in it. They offer a variety of research services and reports on a daily basis.

In terms of the time-division, they regularly publish morning report, weekly reports and monthly reports. The morning report contains all the news and activities which happened during the previous day. This helps you to keep up with all the necessary information before trading any particular stock. Similarly, they publish weekly reports.

Indira security also publishes a monthly newsletter containing all the necessary research calls and news. They also have a unique section of sector reports in which they analyze a particular sector of Business and provide their insights. You can also access the performance of the recommendations in the section given on the website.

Customer Support

You can contact Indira Securities through below chennal:

  1. Email: You can raise your queries regarding your account on contact@indiratrade.com or customercare@indiratrade.com
  2. Phone: You can call the support team through a phone call dialing the below number.
    • Equity related queries: +91-(0)731-4797115/4797146
    • Demat related queries: +91-(0)731-4797198/134/135
    • Commodities Desk: +91-(0)731-4797224
    • Currency Desk: +91-(0)731-4797237
    • Mutual Funds & Ipo Desk: +91-(0)731-4797228,236
    • Marketing Desk: +91-(0)731-4797173 (M)-9302443772,9303172345022-68071111 / 022-42185454
  3. Support Bot: You can also resolve your queries using chatbot support on the website.

Overview

Indira securities was incorporated in 1987 and have grown into a strong broker offering services in various financial markets. It is a one-stop solution for all your investment needs including Mutual Funds, Stocks, commodities forex, etc. They have a strong research and operations team and offer competitive brokerage plans.

What can you expect from Indira securities?

Years of trust, strong research team, reliable technical software competitive brokerage plans and an effective support team. The software and platforms can be accessed to perform analysis on stocks and manage them professionally.

Some of the issues that you might face with Indira securities are some technical glitches in the mobile application and no presence of the education section on their website.

Specification: Indira Securities

Segment Wise Broekerage
Currency Futures Brokerage Rs. 20 per executed order
Currency Option Brokerage ₹ 20/executed order
Equity Future Brokerage Rs. 20 per executed order
Equity Intraday Brokerage Rs. 20 per executed order
Equity Option Brokerage ₹ 20/ executed order
Account Charges
Offline Order Placing Charge ₹ 20
Tips & Research Available (Free)
Specification
Brokarage Type ,
Segment Supported , , ,
Services , , ,
AMC Charge (Yearly) ₹ 450

Videos: Indira Securities

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Expert Score 7.9
Trading Platform
7.1
Fee
8.2
Margin
8
Account Opening
8.6
Product & Features
7.9
Education
6
Research
8.9
Customer Support
8.8
PROS:
  • Years of operations
  • Strong research and operations team
  • Technical software
  • Competitive brokerage
CONS:
  • Technical issues in the mobile app
  • Lack of proper education section on the website
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