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.

Broker Type Discount Broking
Active Clients 10,000+
Account Opening Charges Free
AMC Free
Delivery Charges Rs.18 per Trade
Intraday Charges Rs.18 per Trade

Duck Broking - Company Overview

Company Type

Private

Headquarters

Surat

Founder

Milan Parikh

Establishment Year

2022

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.

Duck Broking Brokerage Charges

Brokerage Plan

Duck Basic

Subscription Charges

Zero

Equity Delivery

Rs.18 per Trade

Equity Intraday

Rs.18 per Trade

Equity Future

Rs.18 per Trade

Equity Option

Rs.18 per Trade

Commodity Future

Rs.18 per Trade

Commodity Option

Rs.18 per Trade

Currency Future

Rs.18 per Trade

Currency Option

Rs.18 per Trade

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.


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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.

Types of Duck Broking Trading Platforms Provided

Web Trading Platform

Trading Terminal

NA

Algo Trading Platform

Available

Foreign Stocks Trading Platform

Available

Basket Trading Platform

NA

Mutual Fund Investment Platform

Available

Digital Gold Investment Platform

NA

Bonds Investment Platform

NA

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.

Duck Broking App & Trading Platforms Features

Wishlist

Yes

Real Time Updates

Yes

Portfolio Details

Yes

Online MF Buy

Yes

Research Reports

No

Global indices

No

Customised Recommendations

No

Stock tips

Yes, Chargeable

Interactive charts

Yes

Live market

Yes

Multi Profile Management

No

Robust & Secure Platform

Yes

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 Offers

Free Account Opening

Yes

Free AMC

Yes

Free Brokerage

No

Flat Brokerage

Yes

Flexible Brokerage Plans

Yes

Happy Trading Hours

No

Free Delivery Trading

No

Free Intraday Trading

No

Free F&O Trading

Yes, Limited

Free Research Reports

No

Free Trading calls

No

Referral Offers

Rs.200 per Client

Margin Funding / Pledging

Yes

Brokerage Cashback

No

Zero Brokerage for Loss Making Trades

No
  • 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 Review - Products Offered

Equity Delivery

Yes

Equity Intraday

Yes

Equity Option

Yes

Equity Future

Yes

Commodity Option

Yes

Commodity Future

Yes

Currency Option

Yes

Currency Future

Yes

Foreign Stocks

No

Mutual Funds

Yes

Banking

No

Insurance

Yes

Corporate Bonds

Yes

Govt. Bonds

Yes

Digital Gold

No

Duck Broking Review - Services Provided

Demat Services

Yes

Trading Services

Yes

Intraday Services

Yes

F&O Services

Yes

IPO Services

Yes

3 in 1 Account

No

Stock Research

Yes

Stock Recommendations

Yes

Trading Institution

No

Share Pledging

Yes

PMS or PCG

Yes

NRI Services

No

Duck Broking Research & Advisory

Fundamental Reports

No

Research Reports

Yes, Chargeable

Company Reports

No

Annual Reports

No

IPO Reports

Yes

Technical Reports

Yes, Chargeable

Stock Tips

Yes, Chargeable

Daily Top Stock Picks

Yes, Chargeable

Daily Market Review

No

Monthly Review

No

Weekly Review

No

Relationship Manager

Yes, Chargeable

Robo Advisory

No

  • 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 Margin or Exposure or Leverage

Equity Delivery

1x

Equity Intraday

Upto 5x (Depends on Stocks)

Equity F&O Carry Forward

1x

Equity F&O Intraday

1.3x

Commodity F&O Carry Forward

1x

Commodity F&O Intraday

1.3x

Currency F&O

1x
  • 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.

Duck Broking Review - Programs

Sub Broker Program

Yes

Partner Program

Yes

Referral Program

Yes

Duck Broking Review & Rating by Finec.in

Overall Rating

7.08 / 10

Customer Support

7.05 / 10

Technology

7.17 / 10

Charges

7.11 / 10

Products & Service

7.04 / 10

Experience

7.03 / 10

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Duck Broking Customer Support

Trading Support

Yes, Chargeable

Dedicated Dealer

Yes, Chargeable

Call Support

0261-6725580

Email Support

helpdesk.duck@jainam.in

Whatsapp Support

NA

Website Support

Facebook Support

Twitter Support

Telegram Support

NA

Branches / Offices

NA

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

Duck Broking Complaints & Feedback

Total Complaints Lodged

10

Total Complaints Resolved

7

% of Resolved Complaints

70.00%

Non Actionable Complaints

2

% of Non Actionable Complaints

20.00%

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.

Duck Broking Account Opening Charges

Account Opening Charges

Free

Annual Maintenance Charges (AMC)

Free

Duck Broking STT & CTT Charges

Equity Delivery

0.1% on buy & sell

Equity Intraday

0.025% on sell

Equity Future

0.0125% on sell

Equity Option

0.125% on buy, 0.0625% on sell

Commodity Future

0.01% on sell

Commodity Option

0.05% on sell

Currency Future

Nil

Currency Option

Nil

Duck Broking Stamp Duty Charges

Equity Delivery

0.015% on buy

Equity Intraday

0.003% on buy

Equity Future

0.002% on buy

Equity Option

0.003% on buy

Commodity Future

0.002% on buy

Commodity Option

0.003% on buy

Currency Future

0.0001% on buy

Currency Option

0.0001% on buy

Duck Broking Transaction Charges

Equity Delivery

0.00325% (NSE) & 0.00375% (BSE)

Equity Intraday

0.00325% (NSE) & 0.00375% (BSE)

Equity Future

0.0019% (NSE & BSE)

Equity Option

0.05% (on premium)

Commodity Future

0.0021% (Non-Agri) / 0.006% (Agri) / 0.0005% (Special)

Commodity Option

0.05% (Non Agri)

Currency Future

0.0009% (NSE) & 0.00025% (BSE)

Currency Option

0.035% (NSE) & 0.001% (BSE)

Duck Broking Pledge Charges

Pledge Creation Charges

Rs.15 per Request

Pledge Invocation Charges

Rs.15 per Request

Interest on Margin Trading

0.05% per day

Duck Broking Hidden Charges

SEBI Turnover Charges

Rs.10/ Crore (All Segment)

DP Charges

Rs.30 per Scrip on Sell

GST

18% on (Brokerage + SEBI + Transaction charges)

Account Closure Charges

Nil

Reactivation Charges

Nil

Dematerialisation Charges

Rs.20 per Certificate

Call & Trade Charges

Rs.70 per Trade


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 helpdesk.duck@jainam.in 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.


 

Customer ratings and reviews of Duck Broking

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