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.
|Trading Exchanges.||NSE,BSE,MCX, NCDEX.|
|Broker Type.||Discount Broker.|
Table of contents
- Moneypalm Account opening Charges
- Moneypalm Brokerage Charges
- Moneypalm Trading Platform or Software
- Some Useful Services
- Useful Details
- Client Info & NRI Account opining Regulations
- Fund Transfers Service
- Turnover & Other Charges
- Support & Tools Available
- Reports & Confirmation
- Additional Features
- Customer Care
- Moneypalm Review & Ratings
- Sebi Registration
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.
No Hidden Fees.
No Broker Assistance Fees.
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.|
|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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- lowest Brokerage
- Highest Margin Across All Segments
- Great Customer Care Support
- Fast Trading Platform
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%|
|Dial & Trade charges.||Rs 20 / per executed order.|
|DP Transaction charge.||Rs 10-25 / per debit transaction.|
Support & Tools Available
|Margin Calculator.||Yes(with NEST)|
|Bracket orders & Trailing stoploss.||Not Available.|
|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).|
|Charting (Intraday & EOD).||YES.|
|Coding or Backtesting (Algo Trading).||Not Available.|
|Referral program (Affiliate).||YES|
|Training & Education.||YES.|
|Online trading community.||YesOnline Blogs|
|Contact Details.||Register Office.|
803-804, Arunachal Building,
19, Barakhamba Road,
New Delhi – 110001.
Plot No. – 122, Sector – 44,
Gurgaon – 122003.
Tel: 0124 434 2000.
Fax: 0124 430 7805.
|Complaints Or Grievances.||firstname.lastname@example.org|
Moneypalm Review & Ratings
On the scale of 5 (0 is worst & 5 is best). Below are the review & rating for Moneypalm
|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|
|BSE: (Cash) INB 011461036, (F&O) INF 011461036.|
|NSE: (Cash) INB 231461030, (F&O) INF 231461030.|
|(Currency Derivatives) INE 231461030.|
|MCX Membership Number: 55175.|
|FMC Code: MCX/TCM/COPR/0743|
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