Trading Bells: Overview
Tradingbells is an online discount brokerage firm, founded in the year of 2016, headquarter is in Indore, Madhya Pradesh. It is popular for its creative ideas, product and services which provides effortless trading experience to the investors. The firm has a presence in 80 different cities and 16 states throughout the nation.
A franchie of India Infoline (IIFL Securities Ltd.), the brokerage structure of a broking house is very simple and easy to understand. It provides customer assistance through phone, live chats, emails, branches and online feedback. Apart from this their referral program gives a chance to earn 10% of the brokerage generated by your first ten friends and 20% on beyond 10 friends. Tradingbells also offer free trades on their clients’ birthdays (Terms & Conditions applied).
TradingBells Stock Broker: Products
With the membership of NSE, BSE, MCX-SX & NCDEX, ICEX, Tradingbells offers a broad variety of investment products including equities, derivatives, commodities and currencies. However, this brokerage house sticks out for its other offerings like mutual funds and SIPs.
TradingBells Stock Broker: Services
Trading Bells offers Demat account services to the traders or investors being a depository participant of CDSL and NSDL. It provide other additional services such as portfolio management, technical analysis, investment advisory, depository services, IPOs, merchant banking, insurance, FCs, ETF, bonds, non-banking financial services and stock recommendations.
TradingBells Stock Broker: Trading Platforms
Tradingbells offers the following trading platforms to users:
NSE NOW
It is a web-based trading application owned by NSE. Users can directly login over desktop or laptop without any installs or plugins. It is a lightweight browser-based platform and provides simple and most effective trading features along with technical analysis tools and good performance with speedly order execution.
ODIN
It is a traditional online trading software used by several stockbrokers throughout the country. Users can easily download and install on their desktop and laptop with Windows or MAC OS. The software allows trading across multiple segments by using one single screen and it is perfect for bulk trading, charts and indicators, technical tools for analysis, customized market watch.
NETNETLITE
It is a browser-based trading platform offering integrated trading features with a lot more modern technical tools. To access the application users have to put login details to start trading and it does not require to install or download any software. It is a basic application in terms of quality and number of features.
Traders have to pay a minimum brokerage charge which is 0.01% (excluding equity delivery) for the transactions and ₹ 20 will be maximum.
Tradingbells provide a brokerage calculator and future margin calculator for watching complete charges and profits, users can use this calculator by visiting their official website.
TradingBells Stock Broker: Advantages
Here are the following benefits you will get if you plan to open trading account with Tradingbells:
• Provide a range of value-added services and products.
• Discounted and fixed brokerage plans across assets classes.
• Offer free delivery base trading service to clients.
• Allowed high exposure across all the segments.
• Provide margin against shares and margin money to traders.
• Offer three different trading platforms.
TradingBells Stock Broker: Disadvantages
Here are the following considerations you should know before using the services of Tradingbells:
• They charge Demat account maintenance charges where other stockbrokers offer zero AMC accounts.
• Required to update technology and other features for trading.
• Level of customer service can be improved.
• Few hidden charges.
TradingBells Stock Broker Review
Users can trade effortlessly with Tradingbells since it offers pretty good services, discounted brokerage charges, NSE/BSE based trading platforms.
However, it is a new name in the industry, thus, it still has a long way to go in many aspects. Overall it may be a good enough for the beginners but is certainly not suitable for the medium and heavy level traders. The broker house requires to build positioning with few more initiatives and innovations towards advance technology and services to create a brand name of itself in this jam of leading stockbrokers.
Trading Bells: Account Opening Process
Opening a Demat and trading account with Trading Bells is quite simple. It can be done ins three steps. The first one is EKYC, followed by account opening charges and then in-person verification. If everything goes well, the account can be opened the same day itself within the hour.
Trading bells is an online discount stock broker that provides better brokerage fees, more effective trading tools, and independent customers’ opportunity to trade in the stock market. The process of opening an account with the stockbroker is relatively easy and straightforward.
Opening a Demat and Trading Account with Trading Bells:
Here is a simple account opening process that you can follow to open a demat and trading account with Trading Bells stock broker:
1. EKYC
- Head to the website of Trading bells and choose the option to open an account.
- Once the page opens, you will have to enter your EKYC details to need particular documents.
- The documents required are provided on the website. Keep a soft copy for them with you.
2. Account Opening Charges
- Once the application is filled up, you will have to pay an AMC charge of 750 rupees, a lifetime for trading in the commodity and equity segment of the stock market.
- Users can pay through several portals for an easy and seamless transaction.
3. In-person Verification
- After all the payment and the application have been submitted, you will need to go through a person verification process.
- It will be taken online, and you will need physical documents with you to showcase in the video chat.
- After its done, you should get your account opening within the hour if all the documents are verified successfully.
Trading Bells Account
The stockbroker does offer a massive variety of features in terms of trading and research points. But when you look at the downsides, then the brokerage fee might seem to be steep for many. Other than this, the AMC would be expensive for many. If you’re ready to overlook these factors, then opening a Demat and trading account with them wouldn’t hurt one bit.
Trading Bells: Account Opening Charges
| Charge Type | Amount |
|---|---|
| Trading Account Opening Charges | ₹ 300 |
| Demat Account Opening Charges | ₹150 |
| Trading Account AMC | ₹ 0 |
| Demat Account AMC | ₹300 |