SHCIL Services Review – Charges, Trading Platforms, Demat Account, Offers & more

Check out SHCIL Services Review here. Stock Holding Corporation of India, or SHCIL Services, was founded in 1995. SHCIL Services has its headquarters in Mumbai, Maharashtra.

SHCIL Services is an Indian company. The company has ups and downs but has become a well-known brokerage firm. Shri Sanjay Pundalik created the private corporation.

This article aims to provide in-depth information on its offers, brokerage charges, etc. We will also talk about the various SHCIL charges.

Why Trade or Invest with SHCIL Services?

Here are some of the reasons to trade or invest with a SHCIL Services Account:

• SHCIL Services is a comprehensive brokerage business with more than 56,000 active traders among its clientele.
• They have a minimum deposit of 300 rupees and an annual maintenance charge (AMC) of 450.
• Regarding trading, they impose a delivery fee of 0.55% of the transaction value for equities delivery and an intraday fee of 0.05%. If you’re an investor needing full-service trading experience, this brokerage has you covered.

The SHCIL services brokerage charges are as follows:

• There are no subscription charges for this plan. The brokerage fee for equity delivery trades is 0.55% of the transaction value.
• The brokerage fee for equity intraday trades is 0.05% of the transaction value. For equity futures trading, the brokerage fee is 0.025% of the transaction value.
• When trading equity options, the brokerage charge is Rs. 50 per lot. The brokerage fee for commodity futures is 0.05% of the transaction value.
• For commodity options trading, the brokerage charge is Rs. 50 per lot. The brokerage fee for currency futures is 0.05% of the transaction value.
• When trading currency options, the brokerage charge is Rs. 50 per lot.

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How to Open a SHCIL Services Demat Account?

You can rely on us to open a SHCIL Demat Account. Here’s what you need to do:

• The customer should complete a form by clicking the Open Demat Account link below.
• You’ll need to bring in the Aadhar card, PAN card, proof of age, proof of address, evidence of identity, and a few photos.
• A call for verification will likely follow the submission of the required paperwork.
• You will be given the remainder of the information you need to access your Demat Account.

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According to the SHCIL Services review, the Android app is available for Android devices in the Google Play Store. They also provide an app for the iOS system.

The organization has the most user-friendly and straightforward mobile app available. SHCIL Services provides the client with an executable file that, when run, launches a user-friendly trading platform.

Mutual fund investors may use their platform, which streamlines purchasing and selling shares.

SHCIL provides Web-based trading that can be comfortably opened through various browsers like Chrome, Mozilla, Microsoft Edge, Explorer, etc.

The Stock Holding Corporation of India Ltd. (SHCIL) provides investors and dealers various trading instruments and platforms.

Let’s take a closer look at what you can expect from the SHCIL Services website, mobile app, and trading terminal.

SHCIL Services App:

The SHCIL app is easy to use and works on Android and iOS mobile devices. It is meant to make it easy for investors to access their investment portfolios and trades. Here’s a list of its most essential parts:

• The app’s wishlist function facilitates users’ monitoring and trading of their chosen securities by letting them keep track of equities they’re interested in.
• Investors can make quick, educated decisions thanks to constant access to up-to-the-minute data on stock prices, market trends, and news.
• In-depth information on a user’s investment portfolio, such as their holdings, profits, losses, and overall performance, is available.
• The software allows customers interested in mutual funds to buy shares of these funds online, simplifying the investment procedure for them.
• The program delivers stock tips: market analyses, and suggestions on profiting from it.
• Investors have access to real-time market data, which keeps them abreast of market activity and ready to act on trading opportunities as they emerge.
• The app prioritises the safety of its users’ personal and financial data by implementing many layers of protection throughout its platform.

SHCIL Web Trading Platform:

To facilitate online trade, SHCIL has developed a Web Trading Platform. While the platform lacks some of the functionality of the app, it makes up for it in other ways:

• Investors get access to real-time stock prices and market data.
• Portfolio Information: Customers may keep tabs on their investments, view historical data, and calculate returns.
• The platform supports the online purchase of mutual funds, an additional convenience for traders.
• The platform, like the app, provides stock suggestions and tips. Investors get access to real-time market data and can trade in response.

SHCIL Trading Terminal:

The Trading Terminal is a more complex application tailored to the needs of professional traders:

• Traders may get real-time information on stock prices and market activity. Traders can use the terminal’s in-depth portfolio details to inform strategic decision-making.
• Stock tips and trading ideas can help investors make better decisions.
• The terminal provides real-time market data and order execution for efficient trading.
• Strong and Safe Environment for Trading: The Terminal provides a safe setting for all your trading needs.

The SHCIL Services offers that are exciting are as follows –

• SHCIL’s clients can choose from different brokerage plans, get free research reports, and get free trading calls.
• It offers margin funding and pledging services and will pay you Rs.300 for each client you send its way.
• But the company does not offer free account opening, AMC, free brokerage, flat brokerage, happy trading hours, or free trading for delivery, intraday, or F&O.
• Additionally, there is no provision for brokerage cashback or zero brokerage for loss-making trades.

SHCIL Services SWOT Analysis

Here is the detailed SWOT analysis for SHCIL Services:

Strengths

• Because of its backing from the government, investors are more likely to have faith in SHCIL’s services. Clients’ confidence in the safety and validity of their assets may be bolstered by this support, making it an important consideration when selecting a brokerage.
• SHCIL provides its clients with ongoing Research and studies. Insightful market analyses like this help traders and investors make better judgments, leading to better trading and investing performance.
• Offering a free Demat and Trading account may be a massive lure for customers, especially those trying to cut costs. Because of this service, people have fewer excuses not to begin trading or investing.
• The many sub-brokers and branches around the country that make up SHCIL’s physical presence make it easy and convenient for customers who would rather not deal with the company online to get the help they need. This extensive network allows account administration, support, and service to run more smoothly.
• SHCIL Services’s infrastructure, which includes cutting-edge trading platforms and safe, dependable technologies, allows it to serve its customers better.

Weakness

• SHCIL’s hefty brokerage fees may put cost-conscious traders and investors off, prompting them to go elsewhere for their trading and investment needs.
• Traders looking for more leverage in their activity may need to be improved by the limited segment exposure/leverage given across segments. This may restrict business actions and plans.
• If SHCIL’s trading platforms execute sufficiently across devices, traders and investors may need help completing transactions promptly, which might hurt their trading experience as a whole.

Opportunities

• To appeal to a more extensive customer base, SHCIL Services may consider broadening its offerings by, for example, offering investments in stocks and bonds issued in other countries or digital gold.
• SHCIL Services’s ability to provide cutting-edge products and services to its customers might be improved by partnerships or integrations with fintech businesses.
• Expanding its operations outside India might give it access to new markets and help it reach a broader range of customers interested in Indian financial goods.

Threats

• SHCIL’s customer assistance might use some work. Customers who have questions or need clarification and need to receive it quickly will likely become frustrated and dissatisfied if they wait for answers.
• Investors and traders could only diversify their holdings with these other assets with the ability to trade commodities. Because of this restriction, customers may go elsewhere for trading platforms that provide more features.
• SHCIL Services may need to change its business model if the government or other relevant bodies introduce new legislation or policies that influence the company’s operations or services.

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The SHCIL trading account states that:

• SHCIL offers its clients a full range of research services. It has fundamental reports, research reports, initial public offering (IPO) reports, technical reports, and stock tips, which help people make better decisions.
• Even though it doesn’t mention the company and annual reports, the fact that it has IPO reports and weekly reviews makes it a better place to do Research. Having a relationship manager is another way that personalized guidance is helpful.
• But SHCIL does not offer robo-advisory services, daily top stock picks, daily market reviews, or monthly reviews.

Different trading segments of SHCIL Services offer additional SHCIL margin or leverage levels.

• For equity delivery, the leverage is 1x, meaning you can trade up to the amount of money you have. Intraday trading in stocks gives you up to 5x leverage, depending on the stock.
• There is a 1x margin for equity F&O carry-forward trades and equity F&O intraday trades.
• In the same way, both commodity F&O carry forward and intraday trading offer 1x margin, and both currency F&O trading and intraday trading offer 1x leverage.

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If you have any questions about trading, please get in touch with SHCIL Services Customer Care for free assistance.

Free of charge as well as specialized dealer support. Customer service may be reached at 022-61778500 or [email protected].

You can find SHCIL Services on platforms like Facebook, Twitter, LinkedIn, Telegram, and others on the web.

20 SHCIL Services complaints have been filed, and 14 have also been resolved. The number of complaints solved is above 70%.

14 of the remaining complaints are non-actionable. This is 15% of all the complaints made so far.

SHCIL Services Charges

Let’s have a look at various charges levied by SHCIL & Government apart from Brokerage.

To start with, you have to pay account opening charges to start a demat with the stockbroker. This amount is Rs.300 & along with that for maintenance of demat, you have to pay yearly Rs.450.

Then there are various charges, as mentioned, levied by Govt. of India, and they are STT & CTT charges, Stamp Duty charges & Transaction charges.

These charges are either levied on buy or sell transactions or both. Among these, transaction charges are levied by exchanges & they also differ from exchange to exchange.

Apart from these, the broker also levies pledge charges when you, as a trader or investor, require some extra amount from the broker for trading or investment. SHCIL Pledge charges are similar to other brokers.

Finally, you must also know about SHCIL Services Hidden Charges. These are DP Charges, Dematerialization charges, Call & Trade charges & more.

You will find all these charges in the below mentioned tables.

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SHCIL Services Review – Conclusion

As of 2024, SHCIL (Stock Holding Corporation of India Ltd.) presents a mixed picture in the SHCIL Services review.

The fact that the government backs the company makes people trust and depend on it.

Some things need to be added to SHCIL, like starting an account for free, a flat brokerage fee and detailed study reports.

So, you now know everything you need to know about the app. Happy trading!

FAQs on SHCIL Services

Below we have listed the FAQs related to SHCIL Services Review:

Is SHCIL Services a Safe Broker?

Yes, SHCIL Services is considered a safe broker with a well-established presence in the market.

Are SHCIL Services Good for Beginners?

Yes, beginners can use SHCIL Services because its platforms and research reports are easy to use.

How many active clients do SHCIL Services have?

SHCIL Services has 56,000+ active clients.

Who is the Founder of SHCIL Services?

Shri Sanjay Pundalik was the founder and promoter of the SHCIL group.

Does SHCIL Services provide Free Delivery Trading?

No, SHCIL Services does not offer free delivery trading.

What are Intraday Trading Charges in SHCIL Services?

Intraday trading charges in SHCIL Services are 0.05% of the transaction value.

What are SHCIL Services F&O Charges?

F&O charges in SHCIL Services are 0.0125% on equity futures, 0.125% on equity options (buy), and 0.0625% on equity options (sell).

Does SHCIL Services charge for Commodity Trading?

SHCIL Services charges for commodity trading, with 0.0021% on commodity futures and 0.05% on commodity options (sell).

Does SHCIL Services charge for Currency Trading?

SHCIL Services does not levy any charges for currency trading.

Does SHCIL Services provide Research?

Yes, SHCIL Services provides research reports and free trading calls.

How to contact SHCIL Services Customer Care?

SHCIL Services Customer Care’s contact details are [email protected] or call 022-61778500.

How much is AMC in SHCIL Services?

The Annual Maintenance Charges (AMC) in SHCIL Services are Rs. 450 per year.

What are Account Opening Fees in SHCIL Services?

The account opening fees in SHCIL Services are Rs. 300.

What are Pledge Creation Charges in SHCIL Services?

The Pledge Creation Charge is Rs.35 per Request or 0.035% of Value (whichever is higher).

How much are Pledge Invocation Fees in SHCIL Services?

The Pledge Invocation Fee is Rs.35 per Request or 0.035% of Value (whichever is higher).

Does SHCIL Services levy any Interest on Margin Trade Funding?

The Interest on Margin Trading is 0.049% per day.

What are DP Charges in SHCIL Services?

The DP Charges for SHCIL Services are Rs.25 per Scrip on Sell.

Does SHCIL Services levy any Account Closure Fees?

The account closure charges are free for SHCIL.

What are Account Reactivation Fees in SHCIL Services?

The Account Reactivation fees in SHCIL Services are free.

What are Call & Trade Charges in SHCIL Services?

The Call & Trade Charges in SHCIL Services are free.