LKP Securities Review: LKP Securities is a public trading company.
Pratik M Doshi founded it in 1948 in Mumbai.
What is LKP Security?
LKP Security is a public trading company and is a full-service broker.
| Overview | LKP Securities |
| Broker Type | Full-Service Broker |
| Type of Company | Public |
| Headquarters | Mumbai |
| Founders | Pratik M Doshi |
| Foundation Year | 1948 |
LKP Securities Trading Account Opening and Demat Charges:
Demat account is used for handling securities in an electronic form and eventually, securities are deposited through NSDL and CDSL.
| Account Opening and Demat Charges | LKP Securities |
| Trading account opening charges | Zero |
| Demat AMC | Rs. 250 per annum |
| Trading AMC | Free |
| Margin Money | Minimum Rs. 5000 |
| Offline to Online charges | Yes |
| Depository | CDSL |
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LKP Securities Reviews for Equity Brokerage Charges:
Apart from the AMC charges, an investor will have to face other charges for using different services by the broker.
The following are the other charges:
| Equity Brokerage Charges | LKP Securities |
| Equity Delivery Brokerage | 0.1%-0.5% |
| Equity Intraday Brokerage | 0.01%-0.05% |
| Equity Futures Brokerage | 0.01%-0.05% |
| Equity Options Brokerage | Rs. 50 per lot both side |
LKP Securities Reviews for Currency Brokerage Charges:
There are many brokers in India, but only a few offer trading, stocks, currency, and commodities services.
Also Read: What is Leverage in Finance?
The following are the charges for the same:
| Currency Brokerage Charges | LKP Securities |
| Currency Futures Brokerage | Rs. 30 per lot |
| Currency Options Brokerage | Rs. 30 per lot |
LKP Securities Reviews For Commodity Brokerage Charges:
The mere definition of a commodity is a raw material or primary agricultural product that can be bought or sold.
This concept is also prevalent even in the stock market.
The following are the charges for the same:
| Commodity Brokerage Charges | LKP Securities |
| Commodity Options Brokerage | 0.01%-0.05% |
LKP Securities Other Charges:
Other charges at LKP that an investor has to keep in mind are as follows:
| Other Brokerage Charges | LKP Securities |
| Minimum Brokerage Charges | Customizable |
| Transaction Brokerage Charges | 0.00325% of total turnover |
| SEBI Turnover Charges | 0.0002% of total turnover |
| Stamp Duty Charges | As per the report |
| GST Charges | 18% of brokerage + transaction charges |
| STT Charges | 0.0126% of total turnover |
Check: HDFC Securities Review
LKP Securities Equity Exposure/ Leverage:
The following are the leverage charges as well as equity exposure:
| Equity Leverage | LKP Securities |
| Equity Delivery | Up to 2x |
| Equity Intraday | Up to 5x |
| Equity Futures | Up to 2x |
| Equity Options | Up to 5x |
LKP Securities Currency Leverage:
| Currency Leverage | LKP Securities |
| Currency Futures | Up to 3x |
| Currency Options | Up to 4x |
LKP Securities Commodity Leverage:
| Equity Leverage | LKP Securities |
| Commodity | Up to 3x |
LKP Securities Offers:
The following are the main offers that are provided by LKP Securities:
| Offers | LKP Securities |
| Free Stock Trading Account | Yes |
| Free Demat Account | No |
| Flexible Plans | Yes |
| Brokerage Discounts | Yes |
| Happy Hours | No |
| 1 Month Free Plan | No |
| Holiday Offers | Yes |
| Referral Program | Yes |
| Zero Brokerage on Loss Trades | No |
Features of LKP Securities:
The following are the basic features of the company:
| Features | LKP Securities |
| Equity Delivery Trading | Yes |
| Equity Intraday Trading | Yes |
| Equity Futures Trading | Yes |
| Equity Options Trading | Yes |
| Currency Trading | Yes |
| Commodity Trading | Yes |
| IPO | Yes |
| Stock Suggestions | No |
| Robo Advisory | No |
| PMS (Portfolio Management Services) | Yes |
| Trading Institution | No |
| Trading Exposure | Up to 5x |
| Mutual Funds | Yes |
| SIP | Yes |
| Forex Trading | No |
| Banking | No |
| Insurance | Yes |
LKP Securities Advisory Services:
The basic difference between a discount and a full-service broker is the services they will provide and the rates at which they provide them.
The following are the services:
| Features | LKP Securities |
| Fundamental Reports | Yes |
| Research Reports | Yes |
| Company Reports | Yes |
| Annual Reports | Yes |
| Company Stock Review | Yes |
| Free Stock Tips | Yes |
| IPO Reports | Yes |
| Top Picks | Yes |
| Daily Market Review | Yes |
| Monthly Reports | Yes |
| Weekly Reports | Yes |
| Offline Advisory | Yes |
| Relationship Manager | Yes |
LKP Securities Trading Platforms:
The company has trading platforms in the following two forms:
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The main features of the desktop trading platform are as follows:
| Desktop Trading Platforms | LKP Securities |
| Windows | Yes |
| MAC | Yes |
| Desktop Browser | Yes |
The main features of the mobile trading platform is as follows:
| Mobile Trading Platforms | LKP Securities |
| Mobile Browser | No |
| Android App | Yes |
| iOS App | Yes |
| Windows App | No |
| Other Mobile OS | No |
LKP Securities Customer Support:
The support as provided by LKP Securities is as follows:
| Features | LKP Securities |
| Relationship Manager | Yes |
| Offline Trading | Yes |
| Online Trading | Yes |
| 24*7 Support | No |
| Email Support | Yes |
| Chat Support | Yes |
| Toll-Free Number | No |
| Support Branches | 180 |
Conclusion:
We hope that this blog will give you an idea regarding whether to have a demat account with LKP Securities or not.
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