Prabhudas Lilladher 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 Prabhudas Lilladher, 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.


Prabhudas Lilladher is a Private company headquartered in Mumbai, Maharashtra which is founded in 1984 by Arun Sheth. Prabhudas-Lilladher 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 Prabhudas Lilladher work as a Discount Broker because it offers thorough investment advice and complete stock analysis to its clients. Prabhudas Lilladher is an NSE and BSE-listed company with over Nil branches in India.

OverviewPrabhudas Lilladher
Broker TypeFull Service Broker
Type of companyPrivate
HeadquarterMumbai, Maharashtra
FoundersArun Sheth
Foundation Year1984
Supported ExchangesNA
Total branchesNil

Prabhudas Lilladher Account opening charges

You need to open a demat account and a trading account, to start trading with Prabhudas Lilladher. So, to open a trading account with Prabhudas Lilladher, you need to pay a fee of Rs.999. However, the trading annual maintenance charges of Prabhudas Lilladher are free. And Demat annual maintenance charges are Rs.650. There are also no fees for margin money or transfers from an offline to an online account. And Prabhudas Lilladher is registered with CDSL i.e., Central Depository Services Limited as a Depository Participant (DP).

Account Opening and Demat ChargesPrabhudas Lilladher
Trading Account Opening ChargesRs.999
Demat AMC (Annual Maintenance Charges)Rs.650
Trading AMC (Annual Maintenance Charges)Zero
Margin MoneyRs.25,000 Minimum
Offline to Online ChargesYes
DepositoryCDSL & NSDL

Prabhudas Lilladher Brokerage Charges

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

  • Equity delivery: There are no fees for equities delivery trades with Prabhudas Lilladher This implies you can invest in equities without paying any brokerage charges.
  • Equity intraday: Prabhudas Lilladher charges a brokerage fee of 0.01% per order.
  • Equity futures: The brokerage cost for equity futures is 0.01% as well.
  • Equity options: Prabhudas Lilladher charges a brokerage fee of Rs.20 per lot for trading equity options.
  • Currency: Unleash your trading potential with Prabhudas Lilladher’s dynamic 0.01% charges.
  • Commodity: For commodity options trading, Prabhudas Lilladher charges a brokerage fee of NA.

Equity Brokerage Charges

Equity Brokerage ChargesPrabhudas Lilladher
Equity Delivery Brokerage0.10%
Equity Intraday Brokerage0.01%
Equity Futures Brokerage0.01%
Equity Options BrokerageRs.20 per lot

Currency Brokerage Charges

Currency Brokerage ChargesPrabhudas Lilladher
Currency Futures Brokerage0.01%
Currency Options BrokerageRs.10 per lot

Commodity Brokerage Charges

Commodity Brokerage ChargesPrabhudas Lilladher
Commodity Options BrokerageNA

Prabhudas Lilladher Other Charges

  • Minimum brokerage charges: At Prabhudas Lilladher, we’ve revolutionized our fee structure by introducing a unique minimum brokerage charge based on a Percentage of Transacton.
  • Transaction brokerage charges: A transaction brokerage fee of 0.00330% of Total Turnover 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 Prabhudas Lilladher.
  • Call and trade charges: If you use call and trade service, the charges of Prabhudas Lilladher are NA.
Other Brokerage ChargesPrabhudas Lilladher
Minimum Brokerage ChargesPercentage of Transacton
Transaction Brokerage Charges0.00330% of Total Turnover
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

Prabhudas Lilladher Equity Leverage

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

Here is the leverage provided by Prabhudas Lilladher:

Equity LeveragePrabhudas Lilladher
Equity DeliveryUpto 2x
Equity IntradayUpto 5x
Equity FuturesUpto 2x
Equity OptionsUpto 5x

Prabhudas Lilladher Currency Leverage

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

Currency LeveragePrabhudas Lilladher
Currency FuturesUpto 2x
Currency OptionsUpto 3x

Prabhudas Lilladher Commodity Leverage

Prabhudas Lilladher offers Upto 2x leverage for commodity trading.

Equity LeveragePrabhudas Lilladher
CommodityUpto 2x

Prabhudas Lilladher Offers

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

OffersPrabhudas Lilladher
Free Stock Trading AccountYes
Free Demat AccountYes
Flexible PlansYes
Brokerage DiscountsNo
Happy HoursNo
1 Month Free PlanNo
Holiday OffersNo
Referral ProgramNo
Zero Brokerage on Loss TradesNo

Prabhudas Lilladher Features

  • Discount Broker:Prabhudas Lilladher, a reputable online stock broker in India, offers regular investors low-cost brokerage services. It imposes a brokerage fee of Percentage of Transacton executed, regardless of trade category, size, or exchange. They also offer Upto 5x trading leverage.
  • Range of Investment Products: Prabhudas Lilladher 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: Prabhudas Lilladher 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: Prabhudas Lilladher 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: Prabhudas Lilladher provides margin funding services. These can be used to make partial payments on cash segment transactions. Prabhudas Lilladher lends the remaining balance at a low interest rate.
  • Mobile Trading App and Trading Platforms: Prabhudas Lilladher 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: Prabhudas Lilladher offers demat account services through its membership with CDSL. It has been designated as a top depository participant by the CDSL.
  • Low Charges: Prabhudas Lilladher is recognised in the brokerage sector for having the lowest fees. Unleash your trading potential with Prabhudas Lilladher’s 0.01% 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: Prabhudas Lilladher 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: Prabhudas Lilladher offers personally tailored customer service to its consumers. The power investor and ultra trader packs both feature free customer assistance.
FeaturesPrabhudas Lilladher
Equity Delivery TradingYes
Equity Intraday TradingYes
Equity Futures TradingYes
Equity Options TradingYes
Currency TradingYes
Commodity TradingNo
IPO (Initial public offering)Yes
Stocks SuggestionsNo
Robo AdvisoryYes
PMS (Portfolio Management Services)Yes
Trading InstitutionNo
Trading ExposureUpto 5x
Mutual FundsYes
SIP (Systematic Investment Plan)Yes
Forex TradingNo

Prabhudas Lilladher Advisory Services

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

ServicesPrabhudas Lilladher
Fundamental ReportsNo
Research ReportsNo
Company ReportsNo
Annual ReportsNo
Company Stock ReviewYes
Free Stock TipsYes
IPO ReportsNo
Top PicksYes
Daily Market ReviewNo
Monthly ReportsNo
Weekly reportsNo
Offline AdvisoryYes
Relationship ManagerYes

Prabhudas Lilladher Trading Platforms

To fulfil the various needs of its consumers, the Prabhudas Lilladher 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.

Desktop Trading PlatformsPrabhudas Lilladher
Desktop BrowserYes

Prabhudas Lilladher Mobile App

Prabhudas Lilladher offers mobile trading through the Prabhudas Lilladher 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 AppPrabhudas Lilladher
Mobile BrowserYes
Android AppYes
iOS AppYes
Windows AppNo
Other Mobile OSNo

Prabhudas Lilladher Customer Support

  • Online trading support: Prabhudas Lilladher 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: Prabhudas Lilladher 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 Prabhudas Lilladher5Paisa’s customer support staff via email if they require assistance. Customers can send their queries and issues to the company’s email address.
Customer SupportPrabhudas Lilladher
Relationship ManagerYes
Offline TradingYes
Online TradingYes
24 * 7 SupportNo
Email SupportYes
Chat SupportNo
Toll free numberNo
Support Branches35

Prabhudas Lilladher Complaints

Brokerage firms can assess the quality and reliability of their services by evaluating how many complaints they receive. There are a total of 3 BSE complaints, of which 3 have been resolved, which amounts to 100.00 % in percentage terms. And, when it comes to NSE complaints, there are 5 of them, with 5 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 Prabhudas Lilladher.

BSE ComplaintsPrabhudas Lilladher
BSE Complaints3
BSE Resolved Complaints3
Percentage of resolved BSE complaints100.00 %
NSE Complaints5
NSE Resolved Complaints5
Percentage of resolved NSE complaints100.00 %
BSE/NSE Complaint vs. Resolved Percentage100.00 %


In conclusion, Explore Prabhudas Lilladher’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, Prabhudas Lilladher can be considered a good stock broker, but you must carefully evaluate the pros and cons before choosing it.