Moneypalm was setup in 2012, by a group of Extremely well known, top level professionals in the broking industry, with a vision to completely change the rules of brokerage industry by providing a platform which is more customer centric & highly economical.
The Group is headed by Mr. Nirdosh Gaur, who is one of the most reputed & respected names in the Indian Stock Broking Industry. Moneypalm offers diverse investment options which include investments in Equities, Derivatives, Currency, Commodities, IPO, Mutual funds & Real estate with the most credible & authenticated data support to manage your investment. Moneypalm is a member with NSE, BSE & MCX.
| Website. | www.moneyplam.in |
| Demat Account. | CSDL. |
| Trading Exchanges. | NSE,BSE,MCX, NCDEX. |
| Broker Type. | Discount Broker. |
Moneypalm Account opening Charges
Trading Account No Account Opining Charges.
Moneypalm Brokerage Charges
FLAT BROKERAGE Rs.15 per executed order
Moneyplam charge FLAT BROKERAGE of Rs. 15 per executed order.
Brokerage of Rs. 15 applies for all executed orders in Equity, F&O, Commodities & Currency. Again NO COMMITMENTS from you. Flat Rs. 15 per executed order is our commitment.
Trade 1 lot of Futures or Options or 1 million Shares in a single order. Your brokerage remains flat at Rs. 15 per executed order.
Features.
No Hidden Fees.
No Broker Assistance Fees.
No Commitments.
No Difficult Calculations.
No Confusing Multiple Plans.
Moneypalm Trading Platform or Software
| Trading Platform or Software. | NES |
| Web based. | M5 browser based trading terminal. |
| Mobile Application. | No Info. |
Some Useful Services
| Online Trade Reports. | YES. |
| Online PNL Reports. | YES. |
| Intraday Chart Facility. | 5 Days. |
| End of Day Chart Facility. | 5 Years. |
| 3 in 1 Account. | NO. |
| Instant Fund withdrawal. | NO. |
| Relationship Managers. | YES. |
Useful Details
| Price (Broker Type). | Flat Brokerag |
| Headquarters City (Head Office). | New Delhi. |
| Total Branches (Presence). | 1Branches |
| Research & Tips. | Tips provided. |
| Total Experience in Broking. | 12 Years of experience. |
| Year of Incorporation. | 2004 |
Client Info & NRI Account opining Regulations
| Current Active Client Base? | No Info. |
| NRI Account Opining Allowed Or Not. | YES, It is Allowed. |
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FREE Investing in Stocks & Mutual Funds with No 1 broker in India!!
+1 Crore Happy Customers
Zero Brokerage on Equity Delivery Trades
Flat ₹20 or 0.03% (whichever is lower) for Intraday and F&O
Trade with the best platforms and tools
Fund Transfers Service
| Number of bank linked to account. | 2+ |
| Mode of payment (Withdraw &Deposit). | Payment gateway, NEFT/RTGS & Cheque |
| Fund Payin processing time . | Instant by Payment gateway, NEFT/RTGS : 2-10 Hours & Cheque – 3 to 4 working Days. |
| Fund Payout processed (Working Days). | 1 Day. |
Turnover & Other Charges
| Equity (Cash & Delivery). | NSE : 0.00325%, BSE : 0.00275% , MCX-SX : 0.002%. |
| Equity Futures. | NSE : 0.0020% , BSE : 0.0005% , MCX-SX : 0.0012%. |
| Equity Options. | NSE : 0.05%(on Premium) , BSE : 0.025% ,MCX-SX : 0.025%. |
| Currency Futures. | NSE : 0.0012%, BSE : 0.00004% , MCX-SX : 0.0011%. |
| Currency Options. | NSE : 0.042%(on Premium) ,BSE : 0.00004% , MCX-SX : 0.032%. |
| Commodities. | MCX‐Non Agri:‐0.0021% MCX‐Agri:‐0.00075% NCDEX‐A:‐0.003% NCDEX‐B:‐0.0004% |
| Dial & Trade charges. | Rs 20 / per executed order. |
| DP Transaction charge. | Rs 10-25 / per debit transaction. |
Support & Tools Available
| Brokerage calculator. | YES. |
| Margin Calculator. | Yes(with NEST) |
| Bracket orders & Trailing stoploss. | Not Available. |
| Cover order. | YES |
| User guide & remote end support. | YES |
Reports & Confirmation
| Contract notes on Email. | Yes (Register Email ID). |
| Contract notes online. | Yes (Register Email ID). |
| Periodical statement on Email. | Yes (Register Email ID). |
| Trade confirmation on Email. | Yes (Register Email ID). |
| Trade confirmation on SMS. | Yes (Register Email ID). |
Additional Features
| Charting (Intraday & EOD). | YES. |
| Coding or Backtesting (Algo Trading). | Not Available. |
| Referral program (Affiliate). | YES |
| Training & Education. | YES. |
| Online trading community. | YesOnline Blogs |
Customer Care
| Contact Details. | Register Office. 803-804, Arunachal Building, 19, Barakhamba Road, New Delhi – 110001. Corporate Office Plot No. – 122, Sector – 44, Gurgaon – 122003. |
| Call. | Customer Care. Tel: 0124 434 2000. Fax: 0124 430 7805. |
| Email. | [email protected] |
| Complaints Or Grievances. | [email protected] |
Moneypalm Review & Ratings
On the scale of 5 (0 is worst & 5 is best). Below are the review & rating for Moneypalm
| Summary | Ratings |
|---|---|
| Customer Experience | 3.5 / 5 |
| Trading Platform / Mobile APP | 4 / 5 |
| Services | 4 / 5 |
| Brokerage Charges | 5 / 5 |
| Fund Add / Withdrawal | 4.5 / 5 |
| Overall Rating | 4 / 5 |
| Star Rating | ★★★★ |
| Review Counts | 132 |
Sebi Registration
| BSE: (Cash) INB 011461036, (F&O) INF 011461036. |
| NSE: (Cash) INB 231461030, (F&O) INF 231461030. |
| (Currency Derivatives) INE 231461030. |
| CDSL: IN-DP-CDSL-667-2012. |
| MCX Membership Number: 55175. |
| FMC Code: MCX/TCM/COPR/0743 |
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