Moneypalm Review 2021, Brokerage Charges, Trading Platform and More

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.
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.

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.

Open Demat Account Now

Just submit your details below. we will take care of rest.

  • 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%
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.
Complaints Or

Moneypalm Review & Ratings

On the scale of 5 (0 is worst & 5 is best). Below are the review & rating for Moneypalm

Customer Experience3.5 / 5
Trading Platform / Mobile APP4 / 5
Services4 / 5
Brokerage Charges5 / 5
Fund Add / Withdrawal4.5 / 5 
Overall Rating4 / 5
Star Rating★★★★
Review Counts132

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.

More Useful Article

Wealthrays Securities
SHCIL Services
Advantages and Disadvantages of Online Trading
Geojit Customer Care Review
ZenMoney Securities
Capstocks Securities
Kotak Securities Brokerage Charges Reviews
Wealth Mantra
5paisa Capital Ltd.
Comfort Securities
moneyplam stock broker logo

Leave a Reply

Share via
Copy link