Duck Broking Review – Charges, Trading Platforms, Demat Account, Offers & more

Duck Broking, operating under Jainam Broking Limited, is a private brokerage firm founded in 2022 and headquartered in Surat.

Led by Milan Parikh, a seasoned stock market expert with over three decades of experience, Duck Broking stands out for its personalized services and innovative approach.

With cutting-edge technology, comprehensive market insights, and a commitment to customer-centricity, Duck Broking empowers investors to navigate the stock market confidently.

This Duck Broking review gives us details of the stock broking company and provides information about Duck Broking charges, services, and other essential details.

Why trade or invest with Duck Broking?

As a discount broker, Duck Broking provides cost-effective solutions, ensuring traders maximize their returns.

With a substantial client base of over 10,000 active investors, the platform has gained credibility and trust within the trading community.

Moreover, the firm stands out by eliminating Duck Broking account opening charges, ensuring a hassle-free onboarding process.

The absence of annual maintenance charges (AMC) further adds to the appeal, as investors can focus on their trades without worrying about additional fees.

Notably, Duck Broking goes the extra mile by offering zero subscription charges, allowing investors to access advanced features and market insights without additional cost.

Under the Duck Basic brokerage plan, the charges for equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options, currency futures, and currency options are Rs.18 per trade.

With this affordable brokerage fee, Duck Broking ensures that investors can execute their trades cost-effectively, enabling them to make the most of their investments.

Duck Broking Calculator

Calculate Brokerage Charges of Duck Broking.

How to open a Duck Broking Demat Account?

• To embark on your Duck Broking journey and initiate the process of opening a Duck Broking Demat Account, click the “Open your Demat Account” button at the web page’s bottom section.
• After completing the form, dedicated representatives from Duck Broking will promptly reach out to guide you through the account opening procedure.
• During the process, it is essential to furnish the required documents and identification papers for verification purposes.
• Once the verification is successfully concluded, your account will be officially opened, and you will receive your login credentials to access and effectively manage your account.

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Traders can access the markets conveniently through the Android and iOS apps, ensuring seamless trading on the go.

Duck Broking’s web trading platform provides a user-friendly interface with advanced features.

In this Duck Broking review article, we also find out that the firm offers an algo trading platform for those interested in algorithmic trading.

Additionally, investors can explore foreign stocks through the dedicated Foreign Stocks Trading Platform and conveniently invest in mutual funds through the Mutual Fund Investment Platform, enhancing their investment opportunities and flexibility.

Here is the list of features of the Duck broking App, tools, and trading platforms:

Duck Broking App: Spark

Here are some amazing features of Spark App by Duck Broking.

• Spark – Duck Broking’s Android and iOS mobile app has multiple features.
• Spark aims to provide users with a seamless and user-friendly trading experience.
• This includes a well-designed interface, fast order execution, real-time market data updates, and intuitive navigation to ensure a smooth trading process.
• The app offers pre-defined charts, ready-made graphical representations of stock price movements, and other relevant market data.
• It also provides technical charts, which are more advanced and customizable compared to the pre-defined charts.
• The app includes a watchlist feature, which allows users to create and monitor a list of specific stocks or other financial instruments they are interested in.

Duck Broking Web Trading Platform:

Check out various features of Duck Broking Browser based trading platform.

• Users can manage their trading accounts, including viewing balances, transaction history, and account statements.
• The platform provides real-time market data, including stock prices, indices, commodities, and currency exchange rates.
• Users can monitor and manage their investment portfolios, view holdings, track performance, and generate reports for analysis and tax purposes.

Duck Broking Algo Trading Platform:

Find some amazing features of Duck Broking Algo Trading Platform.

• Traders can test their algorithmic strategies using historical market data to evaluate performance and make necessary adjustments before deploying them in live trading.
• The algo trading platform provides real-time market data feeds for stocks, indices, commodities, and other financial tools.
• The platform includes risk management tools and features to help traders control and manage their risk exposure.

Duck Broking Foreign Stocks Trading Platform:

Check out features of Duck Broking US Stocks Investment Platform.

• The platform allows users to invest in fractional shares of foreign stocks. This means that even with a smaller amount of capital, investors can purchase a fraction of a share, enabling them to build a diversified portfolio.
• The platform provides a streamlined and user-friendly onboarding process, allowing investors to open an account digitally without unnecessary paperwork or complicated procedures.
• The platform offers a seamless fund transfer process, enabling investors to deposit and withdraw funds for foreign stock trading activities easily.
• The platform provides access to a broad selection of foreign stocks and Exchange-Traded Funds (ETFs).
• Duck Broking’s foreign stocks trading platform prioritizes the safety and security of user accounts and transactions.

Duck Broking Mutual Funds Investment Platform:

Know some amazing features of Duck Broking Mutual Fund Investment Platform.

• The platform allows users to track the performance of their mutual fund investments.
• It provides expert recommendations on mutual funds.
• Duck Broking’s platform offers various categories to invest in mutual funds. This may include options such as high-return funds, flexi funds, large-cap funds, small-cap funds, thematic funds, liquid funds, and more.
• The platform offers comprehensive performance data and analysis for mutual funds.

• Duck Broking allows investors to open an account without charges, eliminating the burden of account opening fees.
• Investors can manage their accounts without worrying about annual maintenance charges (AMC), as Duck Broking offers this service free of cost.
• Duck Broking offers also include a flat brokerage structure, ensuring transparency and simplicity in pricing for investors.
• Duck Broking allows investors to choose brokerage plans that align with their trading preferences and objectives.
• Duck Broking offers the facility of margin pledging, allowing investors to use their existing securities as collateral for margin trading.
• While Duck Broking does offer F&O (Futures and Options) trading, it is available under certain conditions and may have limitations.

Duck Broking SWOT Analysis

Here is the detailed SWOT Analysis for the Duck Broking:

Strengths:

• Duck Broking has amassed many active clients in a year, with 10,000 or more individuals actively using their services.
• This suggests that the brokerage has attracted and retained a significant customer base, which may indicate customer satisfaction and trust.
• Duck Broking provides access to government bonds as part of its investment offerings. Government bonds are generally considered low-risk investments and attract investors seeking more stable returns.
• Duck Broking offers competitive charges for delivery-based trading and intraday trading.
• The economical charges can be beneficial for clients as it helps to keep the overall trading costs lower.

Weaknesses:

• Duck Broking does not offer a 3-in-1 account, which integrates a savings bank account, trading account, and Demat account into a single, convenient package.
• Availing the services of a relationship manager from Duck Broking may come with additional charges, potentially limiting accessibility for some clients or increasing overall expenses.
• Duck Broking does not provide regular monthly reviews or updates on clients’ portfolios or trading activities, requiring clients to monitor and evaluate their investments independently and actively.

Opportunities:

• Duck Broking could create a platform that allows users to share and follow investment strategies, creating a social trading community.
• The platform could develop or enhance its robo-advisory services, which utilize algorithms and automation to provide personalized investment advice and portfolio management.
• Duck Broking could leverage artificial intelligence (AI) and machine learning technologies to develop advanced investment tools.

Threats:

• The financial markets are susceptible to volatility and fluctuations influenced by economic factors, geopolitical events, and regulatory changes.
• Duck Broking will compete with established brokerage firms and emerging players offering innovative services and lower fees.
• Advancements in technology can disrupt the traditional brokerage model. The rise of fintech companies, digital platforms, and automated trading systems may threaten traditional brokerages if they fail to adapt or leverage technology to enhance their services and remain relevant.

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• Duck Broking offers comprehensive research reports that provide insights into various sectors, industries, and specific stocks, helping investors stay updated with market trends and potential investment opportunities.
• Investors can access technical reports from their Duck Broking trading account that analyze price patterns, trends, and other technical indicators, assisting them in identifying entry and exit points for their trades.
• Duck Broking provides stock tips to investors, offering recommendations on specific stocks with potential growth or profitability.
• The firm presents investors with daily top stock picks, highlighting stocks expected to outperform in the market based on in-depth analysis and research.
• Duck Broking assigns a dedicated relationship manager to investors, providing personalized assistance and guidance.

• Duck Broking extends a 1x margin leverage facility for equity delivery trades and for maintaining positions in equity futures and options, commodity futures and options, and currency futures and options.
• In the case of intraday trading in equity futures and options, as well as commodity futures and options, Duck Broking margin leverage is 1.3x.
• Duck Broking provides margin leverage of 5x for intraday equity trading, which may vary depending on the specific stocks involved in the trading activities.

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• Investors can reach Duck Broking customer care team by dialing 0261-6725580.
• For inquiries or assistance, customers can send an email to [email protected].
• Customers can also access support and stay updated through Duck Broking’s website or Facebook or Twitter profile.

Duck Broking complaints equal 10. Out of these, the company has successfully resolved 7 complaints, which represents a 70.00% resolution rate.

The high percentage of resolved complaints indicates Duck Broking’s commitment to addressing customer concerns and providing effective solutions.

Duck Broking strives to maintain a positive customer experience and ensure client satisfaction by promptly addressing and resolving complaints.

Duck Broking Charges

The Duck Broking account opening charges are free, ensuring no additional cost for investors.

Similarly, no annual maintenance charges (AMC) for maintaining the account exist.

Regarding STT (Securities Transaction Tax) and CTT (Commodity Transaction Tax) charges, the rates vary depending on the type of trade.

• For equity delivery, there is a charge of 0.1% on both buy and sell transactions.
• For equity intraday, the charge is 0.025% on the sell transaction.
• Equity futures attract a charge of 0.0125% on the sell transaction, while equity options charge 0.125% on the buy transaction and 0.0625% on the sell transaction.
• For commodity futures, the charge is 0.01% on the sell transaction, and for commodity options, it is 0.05% on the sell transaction.

There are certain Duck Broking hidden charges to consider as well:

• SEBI (Securities and Exchange Board of India) turnover charges amount to Rs. 10 per crore across all segments.
• DP (Depository Participant) charges are applicable at Rs. 30 per scrip on sell transactions.
• GST (Goods and Services Tax) is levied at 18% on brokerage, SEBI, and transaction charges.
• Dematerialization charges are Rs. 20 per certificate, and call & trade charges amount to Rs. 70 per trade.

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Duck Broking Review – Conclusion

In conclusion, by the following Duck Broking review article, we get to know that the firm offers a compelling proposition for investors seeking a reliable and cost-effective brokerage service.

With free account opening and no annual maintenance charges, Duck Broking ensures a hassle-free onboarding experience.

The transparent fee structure, including competitive brokerage charges and STT/CTT rates, allows investors to make informed decisions about their trading activities.

The availability of multiple trading platforms, research reports, and stock tips further enhances the trading experience.

Duck Broking FAQs

Here is the list of FAQs related to the Duck Broking Review.

Is Duck Broking a Safe Broker?

Duck Broking is a renowned and safe broker.

Is Duck Broking Good for Beginners?

Yes, Duck Broking is a good platform for beginners.

How many active clients does Duck Broking have?

The firm has over 10,000 clients.

Who is the Founder of Duck Broking?

Milan Parikh is the founder of Duck Broking.

Does Duck Broking provide Free Delivery Trading?

No, the firm doesn’t offer free delivery trading. The delivery trading charges are Rs. 18/trade.

What are Intraday Trading Charges in Duck Broking?

The intraday trading charges are Rs. 18 per trade.

What are Duck Broking F&O Charges?

Duck Broking F&O charges are Rs. 18 per trade.

Does Duck Broking charge for Commodity Trading?

Yes, they charge for commodity trading. The charges are Rs. 18 per trade for futures and options both.

Does Duck Broking Charge for Currency Trading?

Yes, they charge Rs. 18 per trade for both currency futures and options.

Does Duck Broking provide Research?

Yes, the firm provides specific research and advisory services.

How to contact Duck Broking Customer Care?

Dial 0261-6725580 to reach Duck Broking’s customer support team directly. You can also send an email to [email protected] to reach Duck Broking’s customer support via email.

How much is AMC in Duck Broking?

There are no account maintenance charges associated with Duck Broking.

What are Account Opening Fees in Duck Broking?

There are no account opening charges at Duck Broking.

What are Pledge Creation Charges in Duck Broking?

The Pledge Creation Charges are Rs.15 per request.

How much are Pledge Invocation Fees in Duck Broking?

The Pledge Invocation charges are Rs. 15/request.

Does Duck Broking levy any Interest on Margin Trade Funding?

Yes, the interest levied on margin trading is 0.05% per day.

What are DP Charges in Duck Broking?

The DP charges are Rs.30 per Scrip on sell.

Does Duck Broking levy any Account Closure Fees?

Duck Broking levies no fees for Account Closure.

What are Account Reactivation Fees in Duck Broking?

They don’t charge anything for account reactivation.

What are Call & Trade Charges in Duck Broking?

The call & trade charges are Rs. 70 per trade.