SHCIL Services Review 2021, Brokerage Charges, Trading Platform and More

SHCIL services limited (SSL) also know as stock Holding Corporation of India Limited is a SEBI registered Corporate Stock Broker providing safe & reliable services to all institutional & retail clients across length & breadth of the country.

SSL offers services in both Cash & F&O segment of BSE & NSE & Currency Derivatives segment of NSE. SSL started broking operations in July 2006. It has a large client base in retail segment. It has also wide clientele in institutional segment comprising leading domestic institutional investors, including Mutual Funds, Insurance Companies, Banks & other Financial Institutions.

SSL strength lies in the operational synergies & leverage of the parent company Stock Holding Corporation of India Ltd. SHCIL which was incorporated at the special initiative of the Government of India as a public limited company in 1986 & is jointly promoted & owned by the all India banks & financial institutions, viz., IFCI Ltd, LIC, SU-UTI, GIC, NIA, NIC, UIC & TOICL. SSL is a broking arm of SHCIL.shcil services online trading, shcil services reviews.

Website.www.shcilservices.com
Demat Account.NSDL/CDSL
Trading Exchanges.NSE, BSE, MCX, NCDEX.
Broker Type.Full Service Broker.

SHCIL Services Account Opening Charges.

Trading Account.Rs.0
Demat account.Rs. 0
Commodity Account.No Info.
Trading Annual maintenance charges (AMC).Rs 350

Brokerage Charges.

SEGMENTBROKERAGE
Equity (Intraday).0.12% for Intraday – Negotiable.
Equity (Delivery).0.55% for Delivery – Negotiable.
Equity Futures.0.05% of Turnover – Negotiable.
Equity Options.Rs. 100/lot – Negotiable.
Currency Futures.0.05% of Turnover- Negotiable.
Currency Options.Rs. 100/lot- Negotiable.
Commodity.Not Available.

Margins or Leverage.

SEGMENTMARGINS
Equity (Intraday).Upto 8 times Intraday.
Equity (Delivery).4 times for Delivery.
Equity Futures.No Leverage.
Equity Options.No Leverage.
Currency Futures.No Leverage.
Currency Options.No Leverage.
Commodity.Not Avaialble.

Trading Platforms orSoftware.

Trading Platform or Software.YES.
Web based.YES.
Mobile Application.No Info.

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  • lowest Brokerage
  • Highest Margin Across All Segments
  • Great Customer Care Support
  • Fast Trading Platform

Some Useful Services.

Online Trade Reports.YES.
Online PNL Reports.YES.
Intraday Chart Facility.Not Available.
End of Day Chart Facility.Not Available.
3 in 1 Account.YES.
Instant Fund withdrawal.YES.
Relationship Managers.YES.

SHCIL Services Useful Details.

Price (Broker Type).Percentage Based.
Headquarters City (Head Office).Navi Mumbai(Maharashtra).
Total Branches (Presence).No Info.
Research & Tips.Yes Research Provided.
Total Experience in Broking.9 Years of experience.
Year of Incorporation.2006

Client Info & NRI Account opining Regulations.

Current Active Client Base?No Info.
NRI Account Opining Allowed Or Not.YES, It is Allowed.

SHCIL Services Fund Transfers Service.

Number of bank linked to account.2+.
Mode of payment (Withdraw &Deposit).Online, NEFT/RTGS, payment Gateway.
Fund Payin processing time .Instant by payment Gateway.
Fund Payout processed (Working Days).1 Day.

Turnover & Other Charges.

Equity (Cash & Delivery) Turnover charges.0.00275% of Turnover.
Equity Futures Turnover charges.0.0019% of Turnover.
Equity Options Turnover charges.0.051% of Premium Turnover.
Currency Futures Turnover charges.NA.
Currency Options Turnover charges.NA.
Commodities Turnover charges.NA.
Dial & Trade charges.Rs.0.
DP Transaction charge.0.05% of Debit transaction (Minimum: Rs 35).

Support& Tools Available.

Brokerage calculator.Not Available.
Margin Calculator.Not Available.
Bracket orders & Trailing stoploss.YES.
Cover order.YES.
User guide & remote end support.Not Available.

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.

Additional Features.

Charting (Intraday & EOD).YES.
Coding or Backtesting (Algo Trading).Not Available.
Referral program (Affiliate).Not Available.
Training & Education.Not Available.
Online trading community.Not Available.

Customer Care Services.

Contact Details.Registered Office.
SHCIL Services Ltd.,
SHCIL House, Plot No.P-51,
TTC Industrial Area, MIDC,
Mahape, Navi Mumbai – 400710
Call.Operations Support Desk
Tel. No.: (022) 61778600 Extn.: 8629 / 8643 / 8649 / 8660
FAX : 022-61778648Online
Trading Desk
Toll Free Number : 1800-228-650
Tel. No. (022) 61778600 Extn.: 8628 / 8618
Technical Support Desk
Tel. No.: (022) 61778600 Extn.: 5332 / 8632 / 8634
Email.ibthelp@shcilservices.com
Complaints or Grievances.Investor Grievance: grievances@shcilservices.com
Suggestions & Feedback: suggestions@shcilservices.com

SHCIL Services Review & Ratings

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

SummaryRatings
Customer Experience4 / 5
Trading Platform / Mobile APP4 / 5
Services4 / 5
Brokerage Charges5 / 5
Fund Add / Withdrawal5 / 5 
Overall Rating4 / 5
Star Rating★★★★
Review Counts125

Sebi Registration.

SEBI registration no : BSE: INB011253839.
NSE F&O: INF231253833.
NSE Cash: INB231253833.
PMS:IN000001876.
CIN NO: U65990MH1995GOI085602.

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SHCIL Services Review Details

3 Comments

  1. Rajesh Sharma
  2. Vinay
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