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Marwadi Group Vs Nirmal Bang: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of Marwadi Group ranges between 0.06% to 0.30% while the brokerage of Nirmal Bang ranges between .02% to .20%. Both the brokers are Full Service brokers. Marwadi Group is having overall higher rating compare to Nirmal Bang. Marwadi Group is rated 3.5 out of 5 where Nirmal Bang is rated only 3 out of 5. Number of active customer for Nirmal Bang is 1,37,060 where number of active customer for Marwadi Group is 1,23,370. Nirmal Bang is serving more customer compare to Marwadi Group.

Here we present side-by-side comparison of Marwadi Group vs Nirmal Bang share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Marwadi Group vs Nirmal Bang's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Here we present side-by-side comparison of Marwadi Group vs Nirmal Bang share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared Marwadi Group vs Nirmal Bang's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare Marwadi Group vs Nirmal Bang on Service

  Marwadi Group Compare
Marwadi Group
Nirmal Bang Compare
Nirmal Bang
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Full Service Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX, NCDEX BSE, NSE, MCX, NCDEX
Active Clients 1,23,370 1,37,060
Broker Overview Open a free demat & trading account with Marwadi Financial to trade and invest across multiple asset classes on the user-friendly web, app, and desktop platforms, access free research & advisory, and portfolio management services. Open a free trading & demat account with one of the most prominent full-service brokers in India. Get the best Nirmal Bang Research & advisory, portfolio management services, and trade on the superfast Beyond and ODIN trading platforms.
Broker Enquiry Request call back from Zerodha Request call back from Zerodha
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Account Opening Charges and AMC

Compare Marwadi Group vs Nirmal Bang on Trading & Demat Account Opening Charges

Comparison of Marwadi Group with Nirmal Bang on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Marwadi Group charges Rs 250 PA AMC for Demat account where Nirmal Bang charges Rs 200 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Marwadi Group with Nirmal Bang
Charges Marwadi Group Nirmal Bang
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 250 PA Rs 200 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Marwadi Group vs Nirmal Bang on Plan Options

Plans are the most important feature you look when compare Marwadi Group with Nirmal Bang. This section compare on high level about type of plans offered by brokers. Multiple Plans - Both the brokers don't have Multiple Plans, brokers offer only single plan.. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare Marwadi Group with Nirmal Bang on Plan Options
Plan Types Marwadi Group Nirmal Bang
Multiple Plans No No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Zerodha Zerodha
Account Opening Request
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Brokerage Charges

Compare Marwadi Group vs Nirmal Bang on Brokerage Charges

Marwadi Group Brokerage Plan detail - This is a standard plan by the Marwadi Group. This is a percentage-based brokerage plan.

Nirmal Bang Brokerage Plan detail - Nirmal Bang default brokerage plan charges a fixed rate of percentage-based brokerage fee on trading in different segments.

Brokerage Charges - Compare Marwadi Group with Nirmal Bang
Brokerage Charges Compare Marwadi Group Nirmal Bang
Plan Name Basic Trading Plan (Percentage Based) Basic Trading Plan (Percentage Based)
Equity Delivery 0.30% 0.2% or 20 paisa
Equity Intraday 0.06% 0.02% or 2 paisa
Equity Futures 0.02% 0.02% or 2 paisa
Equity Options Rs 100 Per Lot Rs 35 Per Lot
Currency Futures 0.02% 0.02% or 2 paisa
Currency Options Rs 100 Per Lot Rs 20 Per Lot
Commodity Trading Rs 100 Per Lot 0.02% or 2 paisa
Minimum Brokerage NIL NIL
Hidden Charges Info Not Available Info Not Available
Funding Info Not Available Info Not Available
Call & Trade Charges NA NA
Auto Square off Charges NA NA
Brokerage Calculator Brokerage Calculator for Marwadi Group Brokerage Calculator for Nirmal Bang
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Share Broker's Transaction Charges

Compare Marwadi Group vs Nirmal Bang on Transaction Charges

Compare Marwadi Group with Nirmal Bang on transaction charges and PCM fee by segment.

Transaction Charges - Compare Marwadi Group with Nirmal Bang
Transaction Charges Compare Marwadi Group Nirmal Bang
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for marwadi-group Complete Brokerage Plans for nirmal-bang
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Account Features

Compare Marwadi Group vs Nirmal Bang on Account Features

Compare Marwadi Group with Nirmal Bang on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - both the brokers offers 2-in-1 account which includes trading and demat account. Algo Trading - both offers Algo trading/Automated Trading/Robotic trading/Program Trading for equity. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - both doesn't offer NRI Trading facility.

Account Features - Marwadi Group with Nirmal Bang
Account Features Compare Marwadi Group Nirmal Bang
3 in 1 Account No Marwadi Group have 2-in-1 account. Only Demate and Trading account. No Marwadi Group have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading Yes Yes
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding Available Yes Yes
Combined Ledger for Equity and Commodity No No
Intraday Square-off Time 3:15PM 3:15PM
NRI Trading No No
Other Features NIL NIL
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Trading Platform

Compare Marwadi Group vs Nirmal Bang on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Marwadi Group and Nirmal Bang. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.

Trading Platform - Compare Marwadi Group with Nirmal Bang
Trading Platform Compare Marwadi Group Nirmal Bang
Desktop Trading Platform Marwadi ODIN Diet ODIN Diet
Desktop Demo Info Not Available Info Not Available
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://mtrade.marwadionline.com/html5/ https://nbtrade.nirmalbang.net/netnetlite/
Web Trading Demo Info Not Available Info Not Available
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App MSFL Connect Beyond
Mobile Trading App Demo Info Not Available Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod MSFL Connect Download Andriod Beyond Download
iPhone Mobile App (IOS) Yes No
iOS App Download iOS MSFL Connect Download iOS Beyond Download
Android Tablet App Yes Yes
iPad App (IOS) Yes No
Trading Software Charges Info Not Available Info Not Available
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Marwadi Group Equity Intraday and Delivery Brokerage Calculator for Nirmal Bang
Futures Brokerage Calculator Futures Brokerage Calculator for Marwadi Group Futures Brokerage Calculator for Nirmal Bang
Options Brokerage Calculator Options Brokerage Calculator for Marwadi Group Options Brokerage Calculator for Nirmal Bang
Detail Detail on Trading Platforms for marwadi-group Detail on Trading Platforms for nirmal-bang

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Broker Ratings by Users

Compare Marwadi Group vs Nirmal Bang on User Rating

  Marwadi Group Nirmal Bang
  3 Customer Reviews    Rate Marwadi Group 2 Customer Reviews    Rate Nirmal Bang
Fees Ratings 2.7 3.5
Trading Brokerage Rating 2.3 4.0
Trading Platform Usability 2.0 3.0
Customer Service Ratings 2.3 3.5
Overall Ratings 2.7 3.5
Broker Rating Marwadi Group is Rated 2.7 / 5 based on 3 customer reviews Nirmal Bang is Rated 3.5 / 5 based on 2 customer reviews
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Investment Offerings

Compare Marwadi Group vs Nirmal Bang on Investment Offerings

Compare Marwadi Group with Nirmal Bang on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Both broker offers trading options in Commodity (MCX). Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.

Investment Offerings - Compare Marwadi Group with Nirmal Bang
Investment Offerings Compare Marwadi Group Nirmal Bang
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes Yes
Online IPO Application No No
Mutual Funds Yes Yes
Bond / NCD Yes Yes
ETF Yes Yes
Banking No No
Insurance Yes No
Forex No No
MF SIP Investment Yes No
Equity SIP Investment No No
PMS Service No No
Other Investment Options Life & General Insurance NIL
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Order Types

Compare Marwadi Group vs Nirmal Bang on Order Types

Order Type - Compare Marwadi Group with Nirmal Bang on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - Both broker don't have Cover Orders (CO).Cover Orders (CO) is placed an compulsory stop loss and this is a intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Both broker don't have Bracket Orders (BO).With the name its cleare in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- both offers AMO facilities. The orders are sent to exchange on the next trading day. GTC Orders- Both broker doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Marwadi Group with Nirmal Bang
Order Type Compare Marwadi Group Nirmal Bang
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order No No
Bracket order No No
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled No No
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Customer Service Offered

Compare Marwadi Group vs Nirmal Bang on Customer Service

Compare Marwadi Group with Nirmal Bang on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare Marwadi Group with Nirmal Bang
Customer Service Compare Marwadi Group Nirmal Bang
24/7 Customer Service Marwadi Group vs Nirmal Bang - 24x7 customer support No No
Email Support Marwadi Group vs Nirmal Bang - Email Support Yes Yes
Onine Live Chat Marwadi Group vs Nirmal Bang - Onine Live Chat No No
Phone Support Marwadi Group vs Nirmal Bang - Phone Support Yes Yes
Toll Free Number Marwadi Group vs Nirmal Bang - Toll Free Number No No
Through Branches Marwadi Group vs Nirmal Bang - Through Branches Yes Yes
Customer Care Number Marwadi Group vs Nirmal Bang - Customer Care Number +91-281-6192000/+91-281-7174000 Info Not Available
Account Opening Process Marwadi Group vs Nirmal Bang - Account Opening Process Info Not Available Info Not Available
Customer Support Email Marwadi Group vs Nirmal Bang - Customer Support Email [email protected] Info Not Available
Knowledge Center/Education Marwadi Group vs Nirmal Bang - Knowledge Center/Education https://www.marwadionline.com/blog/ Info Not Available
Head Office Address Marwadi Group vs Nirmal Bang - Head Office Address/Corporate Address Info Not Available Info Not Available
Website Marwadi Group vs Nirmal Bang - Company Website https://www.marwadionline.com/ Info Not Available
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Tips/Research/Reports Published

Compare Marwadi Group vs Nirmal Bang on Research Reports, Tips

Compare Marwadi Group with Nirmal Bang on research reports and tips provided by the broker.

Research Reports - Compare Marwadi Group with Nirmal Bang
  Marwadi Group Nirmal Bang
Research Mutual Funds Marwadi Group vs Nirmal Bang - Research Mutual Funds Yes Yes
Research Equity Reports Marwadi Group vs Nirmal Bang - Research Equity Reports Yes Yes
Research ETF Marwadi Group vs Nirmal Bang - Research ETF Yes Yes
Daily Market Report Marwadi Group vs Nirmal Bang - Daily Market Report Yes Yes
Free Tips Marwadi Group vs Nirmal Bang - Free Tips Yes Yes
Quarterly Result Analysis Marwadi Group vs Nirmal Bang - Quarterly Results Yes Yes
News Alerts Marwadi Group vs Nirmal Bang - Yes Yes
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Demat Account

Compare Marwadi Group vs Nirmal Bang on Demat Account

Compare Marwadi Group with Nirmal Bang on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Demat AMC for Nirmal Bang is ₹360 pa where for Marwadi Group is ₹250 pa.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for Marwadi Group is ₹25 where for Nirmal Bang is 0.03% of the transaction value (Min ₹15).You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers about demat charges, demat service and other details

Demat Charges - Compare Marwadi Group with Nirmal Bang
  Marwadi Group Nirmal Bang
DP Source CDSL CDSL
DP ID Marwadi Group vs Nirmal Bang - DP ID No No
Demat Account Annual Maintenance Charges(AMC) ₹250 pa ₹360 pa
Advance Deposit NA-NA-NA-NA-NA-NA-NA-2250#-3600#-NA-NA-NA-2250#-2250#-NA-NA NIL
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) ₹25 0.03% of the transaction value (Min ₹15)
Demat ₹3 per certificate ₹40 per demat requets + ₹40 for additional 50 certificate
Remat ₹25 per certificate 0.04% of the value or ₹15 per certificate (whichever is higher)
Pledge Creation ₹50 0.02% of the transaction value (Min ₹100)
Pledge Creation Confirmation Nil Nil
Pledge Closure ₹20 0.02% of the transaction value (Min ₹100)
Pledge Closure Confirmation Nil Nil
Pledge Invocation ₹25 0.02% of the transaction value (Min ₹100)
Failed Instruction Charges ₹15 Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Marwadi Group vs Nirmal Bang on Special Offers and Promotion

Compare Marwadi Group with Nirmal Bang on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare Marwadi Group vs Nirmal Bang on Special Offers and Promotion
  Marwadi Group Nirmal Bang
Pay In and Pay Out Options Marwadi Group vs Nirmal Bang - Pay In and Pay Out Options Info Not Available Info Not Available
Payout Time Marwadi Group vs Nirmal Bang - Payout Time Info Not Available Info Not Available
Bank Supported and Charges Marwadi Group vs Nirmal Bang - Bank Supported and Charges Info Not Available Info Not Available
Bank Detail Info Not Available Info Not Available
Likes
  • Trade on BSE, NSE, and MCX.
  • Zero account opening fees.
  • Invest in IPO, mutual funds, insurance, and smartcase portfolios.
  • User-friendly trading platforms.
  • Get best-in-class in-depth research insights for all segments.
  • Margin trading facility.

Detail Review...

  • Multiple trading and investment products.
  • Zero account opening fees.
  • Low maintenance charges.
  • Trade on the web, Beyond mobile app, and ODIN desktop platform.
  • Next-gen Algo trading platform to automate your trading journey.
  • Technical calls and research across equity, commodity, currency, mutual funds, etc.
  • Institutional research including sector and company-specific reports.
  • An abundance of educational sources i.e., articles, blogs, and educational videos.
  • Margin trading facility (MTF) and Loan against securities (LAS).
  • After-market order (AMO) facility.

Detail Review...

Dislikes
  • Non-transparent brokerage charges.
  • Minimum brokerage fee of Rs 20 to Rs 25 per trade, when the trade value is low.
  • Major presence in the Gujarat state only.

Detail Review...

  • Nirmal Bang does not provide Good Till Triggered (GTT) order
  • High brokerage charges than discount brokers.
  • Minimum margin money of Rs. 10,000 is required to maintain.
  • It does not provide a 3-in-1 account opening facility.

Detail Review...

Special Offers/Promo
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Last Updated on 2024-02-22T01:26:32+00:00