Bansal Finstock Review

An important step in investing in the stock market is deciding which stockbroker to use. It has the ability to significantly impact your investment returns, trading experience, and overall satisfaction. So, in today’s article, we will talk about a comprehensive review of Bansal Finstock, which is one of the leading stockbrokers in India. To help you make an informed decision, we will assess numerous factors such as brokerage fees, customer support, trading platform, and much more.


Bansal Finstock is a Private company headquartered in Bhavnagar, Gujarat which is founded in 2004 by Rashmin Relia. Bansal-Finstock is a Full Service Broker that strives to provide cost-effective buy/sell orders, helping investors to save money when in comparison with Discount Broker. However, it is vital to note that Bansal Finstock work as a Discount Broker because it offers thorough investment advice and complete stock analysis to its clients. Bansal Finstock is an NSE and BSE-listed company with over Nil branches in India.

OverviewBansal Finstock
Broker TypeFull Service Broker
Type of companyPrivate
HeadquarterBhavnagar, Gujarat
FoundersRashmin Relia
Foundation Year2004
Supported ExchangesNA
Total branchesNil

Bansal Finstock Account opening charges

You need to open a demat account and a trading account, to start trading with Bansal Finstock. So, to open a trading account with Bansal Finstock, you need to pay a fee of Rs.300. However, the trading annual maintenance charges of Bansal Finstock are free. And Demat annual maintenance charges are Rs.300 per Annum. There are also no fees for margin money or transfers from an offline to an online account. And Bansal Finstock is registered with CDSL i.e., Central Depository Services Limited as a Depository Participant (DP).

Account Opening and Demat ChargesBansal Finstock
Trading Account Opening ChargesRs.300
Demat AMC (Annual Maintenance Charges)Rs.300 per Annum
Trading AMC (Annual Maintenance Charges)Free
Margin MoneyMinimum Rs.10,000
Offline to Online ChargesYes
DepositoryCDSL & NSDL

Bansal Finstock Brokerage Charges

Brokerage fees are an important factor to consider when choosing a stockbroker. Here are Bansal Finstock brokerage charges for various segments:

  • Equity delivery: There are no fees for equities delivery trades with Bansal Finstock This implies you can invest in equities without paying any brokerage charges.
  • Equity intraday: Bansal Finstock charges a brokerage fee of 0.02% – 0.035% per order.
  • Equity futures: The brokerage cost for equity futures is 0.02% – 0.035% as well.
  • Equity options: Bansal Finstock charges a brokerage fee of Rs.20 – Rs.30 per Lot for trading equity options.
  • Currency: Unleash your trading potential with Bansal Finstock’s dynamic 0.02% – 0.035% charges.
  • Commodity: For commodity options trading, Bansal Finstock charges a brokerage fee of 0.02% – 0.035%.

Equity Brokerage Charges

Equity Brokerage ChargesBansal Finstock
Equity Delivery Brokerage0.2% – 0.3%
Equity Intraday Brokerage0.02% – 0.035%
Equity Futures Brokerage0.02% – 0.035%
Equity Options BrokerageRs.20 – Rs.30 per Lot

Currency Brokerage Charges

Currency Brokerage ChargesBansal Finstock
Currency Futures Brokerage0.02% – 0.035%
Currency Options BrokerageRs.20 – Rs.30 per Lot

Commodity Brokerage Charges

Commodity Brokerage ChargesBansal Finstock
Commodity Options Brokerage0.02% – 0.035%

Bansal Finstock Other Charges

  • Minimum brokerage charges: At Bansal Finstock, we’ve revolutionized our fee structure by introducing a unique minimum brokerage charge based on a Percentage of Transaction.
  • Transaction brokerage charges: A transaction brokerage fee of 0.00265% is to be paid by a customer.
  • SEBI turnover charges: The Securities and Exchange Board of India (SEBI) levies a 0.0002% of Total Turnover charge.
  • Stamp duty charges: The total amount of stamp duty charged is determined by the state and the type of asset.
  • GST charges: GST is charged at 18% of (Brokerage + Transaction Charges).
  • STT (Securities transaction tax): STT is levied at a rate of 0.0126% of Total Turnover by Bansal Finstock.
  • Call and trade charges: If you use call and trade service, the charges of Bansal Finstock are NA.
Other Brokerage ChargesBansal Finstock
Minimum Brokerage ChargesPercentage of Transaction
Transaction Brokerage Charges0.00265%
SEBI Turnover Charges0.0002% of Total Turnover
Stamp Duty ChargesAs per the state
GST Charges18% of (Brokerage + Transaction Charges)
STT Charges0.0126% of Total Turnover
Call and Trade ChargesNA

Bansal Finstock Equity Leverage

Leverage allows traders to enhance their market exposure while using a smaller quantity of capital. Bansal Finstock offers Upto 2x times leverage on equity delivery, Upto 7x times leverage on equity intraday, Upto 3x times leverage on equity futures, and Upto 5x times leverage on equity options.

Here is the leverage provided by Bansal Finstock:

Equity LeverageBansal Finstock
Equity DeliveryUpto 2x
Equity IntradayUpto 7x
Equity FuturesUpto 3x
Equity OptionsUpto 5x

Bansal Finstock Currency Leverage

Bansal Finstock also offers currency trading leverage. Leverage is available for Currency Futures up to Upto 3x times and Currency Options Upto 2x times.

Currency LeverageBansal Finstock
Currency FuturesUpto 3x
Currency OptionsUpto 2x

Bansal Finstock Commodity Leverage

Bansal Finstock offers Upto 3x leverage for commodity trading.

Equity LeverageBansal Finstock
CommodityUpto 3x

Bansal Finstock Offers

Many stockbrokers are enticing customers with appealing deals in order to boost their client base. Here are some of the fantastic deals that Bansal Finstock gives to its consumers. They give you a free stock trading account, a free demat account, and various brokerage discounts.

OffersBansal Finstock
Free Stock Trading AccountYes
Free Demat AccountNo
Flexible PlansYes
Brokerage DiscountsYes
Happy HoursNo
1 Month Free PlanNo
Holiday OffersYes
Referral ProgramNo
Zero Brokerage on Loss TradesNo

Bansal Finstock Features

  • Discount Broker:Bansal Finstock, a reputable online stock broker in India, offers regular investors low-cost brokerage services. It imposes a brokerage fee of Percentage of Transaction executed, regardless of trade category, size, or exchange. They also offer Upto 7x trading leverage.
  • Range of Investment Products: Bansal Finstock is a one-stop shop for all of your financial investment requirements. It allows you to trade stocks, commodities, and currencies on the BSE, NSE, and MCX. It also provides investment opportunities in mutual funds, SIPs, gold, peer-to-peer lending, initial public offerings (IPOs), and currency trading.
  • Subscription Plans: Bansal Finstock paves the way for a personalized trading experience with its exclusive selection of subscription plans: the Basic Pack, Power Investor Pack, and Ultra Trader Pack. These services include a variety of features and perks, such as lower brokerage fees, research advisory, free trades, and specialised customer support.
  • Research and Advisory Services: Bansal Finstock differentiates out by offering comprehensive research and advising services. It provides solutions for both short-term and long-term investment ideas, as well as derivative methods and portfolio-based investment ideas. The platform also includes a portfolio analyzer tool for evaluating the overall performance of all your investments.
  • Margin Funding: Bansal Finstock provides margin funding services. These can be used to make partial payments on cash segment transactions. Bansal Finstock lends the remaining balance at a low interest rate.
  • Mobile Trading App and Trading Platforms: Bansal Finstock provides an easy-to-use mobile trading app, as well as a web-based trading platform and an installable trading terminal. These platforms provide flawless trading experiences and are built with cutting-edge technology. The mobile app gives users access to trading, robo-advisory, and a variety of investment choices.
  • Demat Account Services: Bansal Finstock offers demat account services through its membership with CDSL. It has been designated as a top depository participant by the CDSL.
  • Low Charges: Bansal Finstock is recognised in the brokerage sector for having the lowest fees. Unleash your trading potential with Bansal Finstock’s 0.02% – 0.035% brokerage fee and exclusive value-add packs for enhanced benefits. 5Paisa also provides free account opening and no-brokerage mutual funds.
  • Algo Trading and Robo Advisory: Bansal Finstock provides robo-advisory and algo trading services to its clients. These services enable in the automation of trading strategies and provide tailored investment advice based on risk profiles and expected returns.
  • Customer Support: Bansal Finstock offers personally tailored customer service to its consumers. The power investor and ultra trader packs both feature free customer assistance.
FeaturesBansal Finstock
Equity Delivery TradingYes
Equity Intraday TradingYes
Equity Futures TradingYes
Equity Options TradingYes
Currency TradingYes
Commodity TradingYes
IPO (Initial public offering)Yes
Stocks SuggestionsNo
Robo AdvisoryNo
PMS (Portfolio Management Services)No
Trading InstitutionNo
Trading ExposureUpto 7x
Mutual FundsNo
SIP (Systematic Investment Plan)No
Forex TradingNo

Bansal Finstock Advisory Services

The primary distinction between a full-service broker and a discount broker is the range of services given and the prices charged.Bansal Finstock offers research papers with the top recommendations, which are developed by industry specialists. On their website, Bansal Finstock also offers annual reports, as well as daily market reviews and weekly reports.

ServicesBansal Finstock
Fundamental ReportsNo
Research ReportsNo
Company ReportsNo
Annual ReportsNo
Company Stock ReviewNo
Free Stock TipsYes
IPO ReportsYes
Top PicksYes
Daily Market ReviewYes
Monthly ReportsYes
Weekly reportsYes
Offline AdvisoryYes
Relationship ManagerYes

Bansal Finstock Trading Platforms

To fulfil the various needs of its consumers, the Bansal Finstock trading software comprises a number of trading platforms. It was built on the IIFL trading platform, and clients have trusted it for more than two decades now. A web browser-based platform, mobile app and an installable desktop trading application are the three types of trading platforms.

Bansal Finstock Trading Platforms

Desktop Trading PlatformsBansal Finstock
Desktop BrowserYes

Bansal Finstock Mobile App

Bansal Finstock offers mobile trading through the Bansal Finstock app, including BSE/NSE trading and robo-advisory services. This app is compatible with iOS, Android, and mobile browsers. With the software, users are able to buy stocks, trade futures and options, and invest in mutual funds, exchange traded funds, bonds, and other investments.

Mobile AppBansal Finstock
Mobile BrowserYes
Android AppNo
iOS AppNo
Windows AppNo
Other Mobile OSNo

Bansal Finstock Customer Support

  • Online trading support: Bansal Finstock can assist customers with online trading. A range of trading platforms are available for traders, including mobile apps, online browsers, and desktop programs.
  • 24*7 support: Bansal Finstock offers its consumers 24-hour support. The customer service team is available and accessible 24/7, which means you can contact them at any time, even during non-business hours.
  • Email support: Customers can contact Bansal Finstock5Paisa’s customer support staff via email if they require assistance. Customers can send their queries and issues to the company’s email address.
Customer SupportBansal Finstock
Relationship ManagerNo
Offline TradingYes
Online TradingYes
24 * 7 SupportNo
Email SupportYes
Chat SupportNo
Toll free numberNo
Support Branches13

Bansal Finstock Complaints

Brokerage firms can assess the quality and reliability of their services by evaluating how many complaints they receive. There are a total of 1 BSE complaints, of which 1 have been resolved, which amounts to 100.00 % in percentage terms. And, when it comes to NSE complaints, there are 13 of them, with 13 of them resolved, for a percentage of 100.00 %. And the percentage of BSE/NSE complaints resolved is 100.00 %

The table below highlights the complaints acquired by Bansal Finstock.

BSE ComplaintsBansal Finstock
BSE Complaints1
BSE Resolved Complaints1
Percentage of resolved BSE complaints100.00 %
NSE Complaints13
NSE Resolved Complaints13
Percentage of resolved NSE complaints100.00 %
BSE/NSE Complaint vs. Resolved Percentage100.00 %


In conclusion, Explore Bansal Finstock’s intuitive platforms for a diverse range of trading and investment opportunities, tailored to your needs. It is one of the best possibilities for investors, with low prices and a wide range of investment prospects. However, the absence of comprehensive customer support, as well as the number of consumer complaints, are cause for concern. In light of all the features and user experience, Bansal Finstock can be considered a good stock broker, but you must carefully evaluate the pros and cons before choosing it.