ENRICH REVIEW
Overview
Enrich Financial Group is a customer-centric business since its founding in 2003. Since then, it has been successful in the trading industry and was founded on providing financial products and services to customers.
Enrich financial solution Private Limited was established in 2013 and registered with the SEBI as a private limited company. They have many years of industry experience behind them so far, 18 to be exact.
The company has recently become an official member of MCX, and its headquarters is now in Chennai.
Enrich Broking is one of the largest and most reliable brokerages in the country, providing trading services and trading solutions to individuals at competitive rates.
The following will provide information on the different charges related to Enrich Broking Trading, including how to start trading with their platforms and all of the benefits that come with such trades.
This brokerage firm offers not only its core trading services but also a wide range of investment products and different modes of accessibility so that users can easily access their services from anywhere.
Trading with Enrich Broking gives you a lot of benefits, not only do they offer the best rates for commodities and help with essentials to trading like research but also provide generous cashback opportunities.
Enrich Broking is a tech-savvy company, so it offers its clients various features that help them when trading. It not only provides unique services in the world of trading but also in other areas like technology to keep up with the latest innovations.
Enrich Broking Trading Benefits
Enrich Broking Trading Services has a lot of benefits and perks. Here are some things you might mention:
- The company offers its services at a fraction of the prices you would find with other brokerages and there are also many referrals and holiday schemes, where you can get cashback offers.
- The price for each segment is the same, so you can purchase as many shares as you want at the same rate and sell them for a profit in the market.
- With Enrich Broking, you can take advantage of quality research reports so that traders stay up to date in the market with Robo advisory.
- Enrich Broking is highly-technical, and as soon as you start trading with it, that will be apparent. It has some user-friendly terminals that use low internet connections to give high results.
- Enrich Broking also has its own mobile application called HUNT to allow traders to get the information they need at their fingertips.
- In addition to its other services, this company offers training to help clients perform better in the market.
- Besides providing trading services, the company also offers investment solutions and PMS/SIP.
- This account can be integrated with other best brokerage accounts to serve specific purposes.
Enrich Broking Trading Charges
Transaction charges | 0.0026% per crore |
STT | 0.005% per crore |
SEBI turnover charges | ₹ 5 per crore |
Stamp duty | 0.002% per crore |
GST | 18% of (Brokerage & Transaction charges) |
Apart from the brokerage charges, there are other fees that are mandatory when trading.
The government imposes minimal legal fees, such as STT, SEBI turnover taxes and stamp duty tax.
The Indian capital gains tax is a type of levy that’s widely applied on transactions in stocks, currency derivatives, and commodities.
The Enrich Broking trading platform also has a 0.0026% transaction fee, which is much lower than other discount brokers.
Enrich Broking Account Opening Charges
Depository Source | CDSL |
Account opening charges | ₹ 99 |
Demat AMC charges | ₹ 500 per annum |
Trading AMC charges | Free |
Margin money | Not required |
Offline to online | No |
It’s important to know that the details of their investments are centrally linked to a single account, while trading.
One way to invest is through the stock market. They are intangible assets and cannot be physically obtained – they can only be electronically accessed.
There is an account that keeps track of these electronic shares, and it is known as a Demat account.
The Enrich Broking Demat service offers CDSL as the depository source, which ensures that you retain ownership over your financial assets.
Enrich Broking offers you the opportunity to open a Demat account with a low opening deposit of Rs.99, as there is no commission or stamp duty charge.
Opening an account with Enrich is simple. You only have to pay Rs.99 for opening your account and the process of registration lasts no more than a couple of minutes, at most.
To maintain a Demat account, there is a charge of Rs.500 per year and the AMCs also charges for it.
Enrich Broking Brokerage Charges
Brokerage Charges & Fees | Enrich Broking |
Equity trading fees | Free |
Equity intraday trading | ₹ 20 per order |
Commodity trading | ₹ 20 per order |
Equity futures trading | ₹ 20 per order |
Equity options trading | ₹ 20 per order |
Currency futures trading | NA |
Currency option trading | NA |
Minimum brokerage | ₹ 20 per order |
Demat AMC charges | ₹ 500 per annum |
Trading AMC charges | Free |
Margin money | Zero |
Brokerage calculator | – |
Enrich Broking provides its services at affordable rates, as you can see.
The minimum brokerage fee is Rs 20 per order. Equity delivery trading, on the other hand, is free of charge. The fees can be divided into two parts
- Demat account management has a minimum transaction charge of Rs.500 per year. Yearly, one must pay the minimum annual fee in order to maintain this service.
- Trade charges when you access our account management services are always free. You can use these services whenever and without any cost.
Enrich Broking Margin Exposure & Leverage
This company provides up to 10x leverage, which varies based on certain parameters.
Investors can generate up to four times the return on investment for securities like options, futures, and commodities.
Enrich Broking offers three times more exposure for equity delivery, and on an intraday basis, it provides up to 10x leverage.
One of the most important aspects of trading in futures and options is understanding margins.
Equity delivery | 3x |
Equity intraday | 10x |
Equity futures | 4x |
Equity options | 4x |
Currency futures | NA |
Currency options | NA |
Commodities | 4x |
Margin calculator | – |
Enrich Broking Other Charges
Transaction charges | 0.026% per crore |
STT | 0.005% per crore |
SEBI turnover charges | ₹ 5 per crore |
Stamp duty | 0.002% per crore |
GST | 18% of (Brokerage & Transaction charges) |
Apart from brokerage charges, there are other fees that apply to investments in the stock market, such as monthly minimum transaction charges and GST.
These charges are really minimal, so they also don’t affect the return on investment while trading.
Enrich Broking Products & Services
Enrich Broking Products
The following table lists the products that Enrich Broking provides to its customers.
Equity trading | Yes |
Commodity trading | Yes |
Currency trading | No |
Options | Yes |
Futures | Yes |
Mutual funds | Yes |
Forex | No |
Funding | No |
SIP | Yes |
Insurance | Yes |
Enrich Broking provides a wide range of products in addition to its core business, which can be divided into three segments – trading, investment and insurance.
This company deals with a variety of different sectors. They trade in stocks and commodities as well as provide guidance or solutions to their customers or traders.
Enrich Broking is a brokerage firm that provides its clients with the opportunity to trade in stocks, bonds, and other securities. It also deals with options as well as futures.
The company offers its clients investment solutions, such as Mutual Funds and SIPs.
Enrich Broking’s Knowledge Centre provides traders with the opportunity to trade online and access quality research reports, guidance, and analysis.
Furthermore, the brokerage company also offers insurance.
Enrich Broking Services
Demat services | Yes |
Trading services | Yes |
3 in 1 account | No |
Intraday services | Yes |
IPO services | Yes |
Stock recommendation | Yes |
Robo advisory | Yes |
PMS | Yes |
Trading institution | Yes |
Trading exposure | Up to 10x |
Enrich Broking offers a variety of services to its customers.
The company offers online stock broker recommendations that will help you make informed decisions and stay on top of the market.
The company provides more than just Demat account services; they also provide Trading Services.
The company offers portfolio management services in addition to helping clients with their investments.
Robo-advisors are technology-based services that help traders with investing decisions.
The brokerage company provides 24/7 customer assistance to make sure that the issues of clients are resolved.
The company also provides Intraday Trading services, as well as suggestions that will help customers buy and sell stocks on the same day.
Enrich Brokers enables traders to get 10 times the exposure and, as a result, offers trading institutions to give their customers the opportunity for informed decisions.
Paperwork is eliminated and the process makes it easier to be more efficient. What’s more, there are no paper losses which helps make this a reliable process that allows for greater liquidity.
This online brokerage firm also provides IPO (Initial Public Offering) services.
Enrich Broking Trading Platforms
Desktop platform – Windows Desktop platform – Mac | Yes No |
Desktop browser platform | Yes |
Mobile site platform | Yes |
Android app platform | Yes |
IOS app platform | Yes |
Windows app platform | No |
Other mobile OS platforms | No |
Real-time updates | Yes |
Portfolio details | No |
Online MF buy | Yes |
News flash | Yes |
Research reports | Yes |
Easy installation | Yes |
Global indices | Yes |
Stock tips | No |
Personalized advisory | Yes |
Interactive charts | Yes |
Live markets | Yes |
SMS alerts Email alerts | Yes Yes |
Multi-account management | No |
Enrich Broking Mobile App
If you are tech-savvy and want to stay updated with everything happening in the world today, then trading on Enrich Mobile HUNT will make it easier for you
HUNT is available for download on Android and iOS devices. With a high degree of performance, you can easily access it from your phone no matter which kind you are using.
These features in this app are designed to meet the needs of mobile traders-
Enrich Broking Web Hunt Platform
Enrich Web Hunt is an additional best trading platform that the company provides. It helps traders trade from anywhere in the world using any browser, and enables people to access market data and set alerts- so they can be informed of changes quickly! Trade with our hassle-free EKYC enabled web best stock trading platforms which provide real-time updates on markets as well as technical events.
Enrich Broking Trading Terminal
Trading View is one of the most fantastic and comprehensive stock platforms for traders; it lets you see multiple products at once on one screen.
The company will offer a real-time trading experience with advanced features that give the client an unprecedented view of market trends and provide them easy access to information.
It is a tool for traders that offers many benefits such as the Super Charting Tool, information about the net position and more. Traders can also buy or sell orders with F1 & F2 respectively.
Some additional features of this platform are:-
- Customized indicators
- Magnified end-of-day reports
- Historical Data
- Multiple indicators
- Intelligent scanners that are built-in.
- Portfolio Hunter
Enrich Broking Nest Trading Terminal
NEST is the best day trading platform for Desktop, which helps traders with the following:
Custom Built Optimization – The customization options give the people to choose different components as per their requirements.
This app is user-friendly and customizable. The layout, font, colour, and keyboard shortcuts can be easily changed with the help of this software.
Superior Charting – With this feature, the user can track trends and carry out technical analysis in conjunction with a wide variety of indicators.
Sophisticated Order Types – With NEST, users can place Cover orders and Bracket orders easily and without much effort.
User friendly – NEST is a very user-friendly trading platform with customizable shortcuts to enable trades, in turn making it easy for users to trade accurately and quickly.
Enrich Broking Advantages & Disadvantages
Advantages Of Enrich Broking
The benefits of Enrich Broking are as follows:
- We simplified our support so that it is easy and hassle-free.
- They offer 24/7 customer service to meet your needs.
- The money-back plan will give you a chance to earn some extra cash.
- Flexible funding gives you the assurance of getting a return.
- Fund deposits are security of knowing you can get your money back.
- State of the art technology
- The Trading Strategy Tool allows you to make informed trading decisions.
- Unlimited trading with one share.
- There will be no documents filed and therefore there’s no need to worry about any of the documents being damaged or lost.
Disadvantages Of Enrich Broking
- The maximum exposure is quite limited.
Enrich Broking: Final Thought
Enrich Broking is one of the largest brokerage firm houses in India. They offer traders low rates and also many advantages that are not available anywhere else. With their technical assistance, state-of-the-art technology, and more; Enrich has made trading online very easy for anyone who wants to do it.
Opening a Demat account is not a difficult process. You will also get money back offers from Enrich when you open an account there! Additionally, new changes in their trading process by integrating innovative technology to make trades easier have enabled clients to trade strategically according to need with any other technological partners that are facilitating this fluidity successfully.
