Profitmart Review – Charges, Trading Platforms, Demat Account, Offers & more

Check out Profitmart Review here. Profitmart is a well-known Indian brokerage firm with more than 57000 active users.

With the use of advanced technology, it has created a user base that enjoys the modern stock broking options the company offers.

Check out this review for a thorough analysis of the company services and an understanding of Profitmart charges.

After reading this review carefully, you will have a good idea about the pros and cons of the company to make wise investment choices.

Why Trade or Invest with Profitmart?

Amateur and expert traders choose this sharebroker for various reasons. Here, we will discuss the benefits you will receive when you open an account with this company.

• Profitmart account opening charges are zero and are a lucrative option for new traders still testing the market.
• This full-service brokerage firm is SEBI registered and has credibility because of that factor. It also participates in the BSE, NSE, and MCX Commodity Exchange.
• Its services include all the popular trading options, including Equity Trading, Commodities Trading, and Mutual Funds.
• The company offers three types of trading platforms to suit the needs and level of technological expertise of all customers.
• With valuable offers such as flexible plans, brokerage discounts and free trading calls, Profitmart makes trading easy for investors.

Profitmart brokerage charges are reasonable, and the company offers free account opening options for all customers.

The company charges only Rs. 450 for AMC and has a Standard Plan that is customer friendly. The Equity Delivery charges are 0.30% of the Transaction Value, and the Equity Intraday charges are 0.03%.

Equity Future and Equity Option charges are 0.03% of Transaction Value and Rs.30 per Lot.

The customers pay 0.03% of the Transaction Value for Commodity Future and Currency Future and Rs.30 per Lot for Commodity and Currency Option.

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How to Open a Profitmart Demat Account?

Follow these steps to open a Profitmart Demat Account.

• Click the “Open Demat Account” option on the app or the website page.
• A form will appear, and you must fill out the form to provide the necessary information for account opening.
• You must upload PAN and Aadhar details as identity and residence proof.
• Upload the most recent bank statement to show your financial standing.
• After checking the details of your registration form, the company will call for the verification of the documents.
• Your Demat account will be open a few hours after the call, and you can immediately start trading.

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We did a thorough Profitmart review to give you all the details of this sharebroker. Check out the trading platform information of the company to select the best method of operation.

Investors can analyse the trading options, read the stock tips, check the reports, and make a buy or sell through the tools provided by the company.

Profitmart has an Android App that can be downloaded from Google Play Store, and the iOS App can be downloaded from the Apple Store.

This modern technology-based app option gives users instant access to the market, and they can make a trade anytime from any location.

Profitmart also offers a web trading platform that can be accessed from a PC or Laptop. It provides the user with easy access to the portfolio and multiple effective tools for managing the assets.

The apps and the web trading platform will work even with a slow internet connection which is an extra benefit.

Profitmart offers multiple trading platforms to assist its clients, and each of these platforms has unique features.

A customer can access the Demat account from all platforms to make a trade. The following is a list of the trading platforms that Profitmart offers.

Profitmart Securities Mobile Trading App

The Profitmart app is a cutting-edge trading platform created for tech-savvy customers who are always ready for trade.

The app has two versions, one for Android and one for Apple users, and both work flawlessly with every smartphone.

Profitmart Securities Mobile Trading App Features:

• The Profitmart app enables customers to access their accounts using just their mobile phones, and customers would never need a PC or laptop for access.
• Trading for stocks, commodities, and currencies is all permitted through the app.
• All customers can access real-time market activity and receive share market notifications through the app.

Profitmart Securities NEST Trade Plus

The stockbroker has a widely used desktop-based trading platform. The company uses NEST, NEST Trader 3.16, and NEST Trader Plus 3.16 versions for this platform.

The complete form of NEST is the Next Generation Electronic Securities Trading Platform and is often used in the share market.

It is user-friendly software created by a third party using the Dot Net 3.5 SP1 Framework that offers customer friendly interface and instant access.

All you need to use this platform is a PC with a minimum of 4 GB RAM. Profitmart Securities NEST Trade Plus Features.

• The business employs NEST or Next Generation Electronic Securities Trading Platform from Omnesys Technologies, which is well-known for its reliability.
• The platform supports the creation of multiple market watchlists for the benefit of the customers.
• Traders and investors can utilise this platform to invest in equities, commodities, and currency.
• Investors can directly access charts, stock tips, reports, and stock notifications from this platform.

Profitmart Securities Web Trading Platform

The brokerage firm also offers a web-based trading platform that can be accessed through any browser.

This platform is the most used access point for Profitmart since it is device independent and offers users flexibility.

Profitmart Securities Web Trading Platform Features:

• Users can instantly access their account from any PC or laptop through any browser.
• Users can separate the monitoring process and add several market watchlists to groups.
• The website has a function called “Snap Quote” that enables users to view the real-time status of any scrip.
• ‘Orderbook’ is a built-in feature of the platform which allows a quick scan of all the trades done by the user. All buy and sell records can be analyzed by this tool.
• The ‘Ticker’ tool of this platform enables users to add a particular scrip, and anytime a deal happens inside the added scrip, a notice appears at the top of the page.
• The ‘Net Positions’ window clearly shows the user’s market position. A user can analyze the investment status of all the past trades from this tool in real time.

The broker offers few benefits that are highly appreciated by the customers. Mainly because these offers make trading easier for users.

• Customers can open free Demat accounts anytime and from anywhere.
• Profitmart offers flexible plans, and users can take advantage of those.
• The company often provides brokerage discounts; investors can save money on trading using these discount options.
• A limited number of free trading calls is also available with this stockbroker.

Profitmart SWOT Analysis

Read this Profitmart SWOT analysis to understand the details of the company’s operations.

Strength

• Profitmart has a significant presence in the share market with 57000+ active customers.
• User-friendly brokerage charges have made it a favourite among new traders.
• Modern investors prefer the technology-based operations of Promitmart, and this is a factor that has helped the company grow in a short period.
• Almost all types of stock options are provided to the users by the stockbroking agency.
• Profitmart has multiple branches in big cities, and its services are easily accessible to non-tech-savvy users.

Weakness

• Profitmart does not provide any reviews to its customers.
• Free trading calls are limited.
• Doesn’t have many branches outside of the big cities.

Opportunities

• With more technological upgrades, the company can lure new tech-savvy traders.
• It can expand its consulting capabilities to make the platform more custom friendly.
• The company can invest in Research which will give the company more credit.

Threat

• The Indian brokerage market is competitive, and companies can lose customers to other share brokers.
• Volatile international market conditions can affect the market.
• Technological improvement in the Indian share market has been minimal recently.

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When users open a Profitmart trading account and start investing, the company offers some free reports to the customers.

• The company offers IPO and Technical Reports that help customers make trading choices.
• Profitmart does not offer Fundamental, Research, Annual, or Company Reports.
• Daily Market Review or Monthly Review is not available with Profitmart.
• There is no Robo Advisory or Relationship Manager for the users.

In addition to the reports, the company also provides stock tips through the app and web platform.

Profitmart margin trading is offered to all customers by the company.

• Upto 5x exposure on Equity Intraday, but it depends on the stocks.
• 1x exposure on Commodity F&O Carry Forward and 1.3x exposure on Commodity F&O Intraday.
• For the other trading options, trade is done based on the fund.

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Users can reach Profitmart customer care by calling 020-49119119, and they can also email [email protected].

It is possible to contact the company through Whatsapp at 8007384384, the company website, and by visiting the nearest branch.

Profitmart also has a social media presence on Facebook, Twitter.

Customers lodged 38 Profitmart complaints, and the company resolved 33 of those. Only 4 non-actionable complaints remain unsolved.

That means 86.84% of complaints were resolved, which is a good record for a stockbroker company. Only 10.53% of complaints remain unresolved, which is lower than many brokers.

Profitmart Charges

Profitmart account opening charges are zero, which benefits new investors. The company AMC fee is Rs. 450, which is not the lowest among well-known stockbrokers.

Profitmart customers also have to pay other charges.

• 1% for Equity Delivery on Buy & Sell and 0.025% on Sell for Equity Intraday.
• Profitmart Equity Future charges are 0.0125% on Sell.
• The charge for Equity Option is 0.0625% on Sell (on premium).
• Investors pay 0.01% on Sell (Non-Agri) for Commodity Future and 0.05% for Commodity Option.
• Stamp duty charges vary between 0.0001% and 0.015% on buy.

Profitmart transaction charges depend on the type of trade, and the usual expenses are between 0.00022% and 0.05%. There are multiple hidden charges that the customers pay for trading.

The Profitmart hidden charges are Rs.10/ Crore (All Segment) as SEBI Turnover Charges, Rs.20 per Scrip on Sell as DP Charges, 18% on (Brokerage + SEBI + Transaction charges) GST, Rs.100 as Reactivation and Account Closure Charges, and Rs.20 per Certificate as Dematerialisation Charges.

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Profitmart Review – Conclusion

Interested investors can read this Profitmart review to know the trading details of the company and make an informed decision.

Choosing the best brokerage firm for your needs is essential to succeed as a trader. Profitmart can be a good option for new and experienced investors if the trading is done responsibly.

Investors should remember that trading comes with risks, and choosing a reliable stockbroker is the first step toward sensible financial decisions.

FAQs on Profitmart

Here is the list of FAQs related to the Profitmart Review.

Is Profitmart a Safe Broker?

Yes, it is safe to use Profitmart because it is registered with SEBI. Many investors worry they could lose their trading capital while working with a stockbroker, but you won’t have to worry about that with Profitmart.

Is Profitmart Good for Beginners?

Yes, many beginners invest with Profitmart when they first start trading. Amateur investors typically prefer less expensive stockbrokers, and Promitmart meets their requirements in this way.

The company is a lucrative choice for beginners with zero subscription charges and reasonable AMC charges.

How many active clients does Profitmart have?

Profitmart is a full-service stockbroker with many branches all across India. It has a 57,000+ active client base that can access its services online or visit the local office.

Who is the Founder of Profitmart?

Profitmart, a full-service stockbroking agency, was established in the year 2011. Rakesh Prakash Sonawane is the founder of the company.

Does Profitmart provide Free Delivery Trading?

No, Profitmart does not offer its customers a Free Delivery Trading option. All investors must pay 0.30% of the Transaction Value to access its services.

What are Intraday Trading Charges in Profitmart?

The intraday trading charges of Profitmart are 0.03% of the Transaction Value.

What are Profitmart F&O Charges?

Profitmart users must pay 0.03% of Transaction Value or Rs.30 per Lot (whichever is lower) for Future and options trading.

Does Profitmart charge for Commodity Trading?

Yes, Profitmart investors must pay 0.03% of Transaction Value or Rs.30 per Lot (whichever is lower) for commodity trading.

Does Profitmart charge for Currency Trading?

Profitmart charges for currency trading is 0.03% of Transaction Value or Rs.30 per Lot (whichever one is lower).

Does Profitmart provide Research?

No, Profitmart does not provide Research or advisory services to its customers, but users can receive free investment tips.

How to contact Profitmart Customer Care?

To access Profitmart customer care, investors can call 020-49119119 or email [email protected]. Users can also contact the company through the Whatsapp number 8007384384.

How much is AMC in Profitmart?

Profitmart users must pay Rs.450 per Year as AMC charges to keep using their account without interruption.

What are Account Opening Fees in Profitmart?

Profitmart does not charge for account opening, and anyone can open a Free Demat account if they have the proper documents.

What are Pledge Creation Charges in Profitmart?

The pledge creation charge for Profitmart is Rs. 25 per Request.

How much are Pledge Invocation Fees in Profitmart?

Users must pay Rs.15 per Request as pledge invocation charges in Profitmart.

Does Profitmart levy any Interest on Margin Trade Funding?

Yes, Profitmart charges interest on margin trade funding, and all users have to pay 0.05% per day for this trading option.

What are DP Charges in Profitmart?

The DP charge of Profitmart is Rs.20 per Scrip on Sell.

Does Profitmart levy any Account Closure Fees?

Yes, Profitmart will charge the user Rs.100 to close an account.

What are Account Reactivation Fees in Profitmart?

Customers have to pay Rs.100 to Profitmart as an account reactivation fee.

What are Call & Trade Charges in Profitmart?

Profitmart offers a free call and trade option to all customers.