Definedge Securities Review
DefineEdge Review – Offers, Brokerage Charges, Trading Platforms & more
If you’re looking for a stock broking firm that also offers a wide range of products, research, and education, Definedge Securities might be the right fit for you. In this review, we’ll take a closer look at what makes Definedge Securities unique and how it can benefit traders and investors.
One of the things that set Definedge Securities apart is its commitment to providing high-quality products that are developed in-house through years of research and diligence. In addition to its stock broking services, Definedge offers a range of tools and strategies for all types of traders, including options, technical and fundamental analysis, unique alerts, and education. And best of all, these products are now available to you for free on all market segments, including NSE, F&O, BSE, MCX, and CDS, in real-time.
Another unique aspect of Definedge Securities is its innovative platforms, including the world’s leading platform for noiseless charts, relative strength, breadth studies, and scanners. With Definedge, you’ll have access to pre-defined and customised strategies for all chart types, as well as free real-time noiseless charts with relative strength, breadth, straddle, and strangle options, and unlimited indicators and chart-specific innovative tools.
In addition to its standout products and platforms, Definedge Securities also boasts competitive pricing and brokerage rates, with premium products being significantly cheaper. And with the wallet system, everything is free. When it comes to integrity and honesty, Definedge Securities is known for putting these values at the core of what it does. Its in-house product development enables it to quickly respond to customer feedback and suggestions. If you’re looking for a reliable and high-quality stock broking firm, Definedge Securities is worth considering.
In this Definedge Securities review, we’ll delve into all that Definedge Securities has to offer, including its brokerages, fees, customer support, and the performance and features of its trading platforms. Whether you’re a beginner or a seasoned pro, Definedge Securities has something for everyone. Let’s get started!
Free Access to Definedge Basic Products Package Limited Period Offer
Premium Products Combo at 46% Off Best Value
Table of Content
Definedge Review Summary – Pros and Cons
It is a good choice for novice to advanced traders since they offer at-par brokerage as well as a wide array of tools for technical and fundamental analysis. The vast knowledge base at Definedge Securities is excellent, making it a good choice for novice to advanced traders. It was founded by a group of experienced, well-known professional traders, so Definedge has a solid understanding of what traders need. Among the worthy mentions are Tradepoint Desktop and Opstra, as well as Zone for Web and Mobile Devices. With these tools and technology, one can easily implement complex trading strategies.
- Powerful trading platforms like Zone and Tradepoint with unique tools
- Low Brokerage fees
- Offers a wide range of products and services
- Opstra – An excellent options analysis tool, also comes with a trading ability
- Products package offers attractive discounts
- Brokerage is adjusted against the Premium Products fees
- Free Learning Platforms – Shelf &
- The Pro Version of Tradepoint &
- Opstra are chargeable
- Advanced scanners are missing in Tradepoint Basic
- Zone Web Performance can be improved
DefineEdge Securities Brokerage Charges, AMC and Other Charges
Definedge offers various trading services to its clients, including equity trading, commodity trading, currency trading, and derivatives trading. In this Definedge review, we will discuss the charges that Definedge Securities levies for these services. It’s important for traders to understand these charges so that they can make informed decisions about their investments and trading activities.
Here is a breakdown of the Definedge brokerage charges, AMC and other charges imposed by Definedge Securities:
Account Opening Charges
Account opening charges are fees that are charged by brokerage firms when a new account is opened. These charges are usually one-time fees and are separate from other charges, such as brokerage fees or annual maintenance charges.
Definedge Securities charges a fee of ₹ 180 for account opening. This fee is payable at the time of opening the account and is required to complete the account opening process.
Annual Maintenance Charges
Annual maintenance charges (AMC) are fees that are charged by brokerage firms on a yearly basis to maintain a trading account. These charges are usually levied to cover the cost of maintaining and updating the account, as well as providing customer support and other services.
Definedge Securities charges an annual maintenance charge of ₹ 300/- per annum for its DP (Depository Participant) accounts.
Definedge Brokerage Charges
Brokerage fees are charges that are levied by brokerage firms for providing trading services to their clients. These fees can be based on a percentage of the transaction, a flat fee, or a combination of the two. The specific brokerage charges that Definedge Securities imposes vary depending on the transaction.
Definedge Brokerage charges for its equity, F&O, currency, and commodities trading services are outlined below.
- Equity Brokerage Charges
- Equity Delivery: Free
- Equity Intraday: 0.03% or ₹ 18 per executed order, whichever is lower
- F&O Brokerage Charges
- Equity Futures: 0.03% or ₹ 18 per executed order, whichever is lower
- Equity Options: ₹ 18 per executed order
- Currency Brokerage Charges
- Currency Futures: 0.03% or ₹ 18 per executed order, whichever is lower
- Currency Options: ₹ 18 per executed order
- Commodities Brokerage Charges
- Commodity Futures: 0.03% or ₹ 18 per executed order, whichever is lower
- Commodity Options: ₹ 18 per executed order
|Equity Brokerage Charges||Equity Delivery||Free|
|Equity Intraday||Lower of 0.03% or Rs. 18 per order|
|F&O Brokerage Charges||Equity Futures||Lower of 0.03% or Rs. 18 per order|
|Equity Options||Rs. 18 per order|
|Currency Brokerage Charges||Currency Futures||Lower of 0.03% or Rs. 18 per order|
|Currency Options||Rs. 18 per order|
|Commodities Brokerage Charges||Commodity Futures||Lower of 0.03% or Rs. 18 per order|
|Commodity Options||Rs. 18 per order|
Definedge Online Account Opening Process
Overall, the Definedge Online Account Opening process is designed to be quick and easy, allowing new users to open a Demat account and start trading with Definedge as soon as possible.
Definedge Trading Platforms and Tools
Definedge offers a range of trading platforms and tools to help its users trade effectively. These include:
Zone Web – Web Based Trading Platform
Zone Web is a web-based trading platform offered by Definedge. It is a simple yet innovative trading terminal that offers a wide range of charting tools and unique features, including real-time bar, candlestick, P&F, Renko, Line-break, Kagi, Heikin-Ashi, Ratio, and multi-leg charts with unlimited tools and indicators. In addition, Zone Web includes innovative studies on each charting type, providing users with valuable insights and analysis.
All of the features in Zone Web are completely free for Definedge Securities subscribers, making it a cost-effective and powerful trading platform for both beginner and experienced traders. Whether you are looking to monitor your portfolio, identify trading opportunities, or analyze market trends, Zone Web has the tools and features you need to succeed.
A few of the unique features of Zone Web Includes:
- Real-time & EOD Noiseless charts such as P&F, Renko, Line-break, Kagi and Heikin-Ashi
- Unique patterns and indicators in all types of charting methods
- Real-time & EOD Ratio charts
- Real-time & EOD RS charts in various charting methods
- Options Straddle & Strangle charts in various charting methods
- Multi-leg real-time charts in various charting methods
- Auto tool section that plots useful studies on charts on various charting types
- Advanced tools patterns and indicators
Zone Mobile – Mobile Trading App
This is a light and fast mobile trading terminal that allows users to trade on the go. It includes option chain and advanced charting methods with indicators and tools. All features in Zone Mobile are completely free for Definedge Securities subscribers. Some of the features of our Zone Mobile application include a single application for all your trading and investing needs, an easy and intuitive user interface and seamless trade execution.
Tradepoint – Desktop Trading Terminal
Tradepoint is a powerful desktop trading terminal offered by Definedge. It is an advanced charting platform that offers a wide range of charting tools, including real-time bar, candlestick, P&F, Renko, Line-break, Kagi, Heikin-Ashi, Ratio, Relative Strength, Straddle, Strangle, PCR, and multi-leg charts with unlimited tools and indicators. In addition, Tradepoint includes innovative studies on each charting type, providing users with valuable insights and analysis.
Tradepoint is available in both a free version and a pro version. The pro version offers a range of additional features, including real-time and end-of-day scanners on all charting types on price and relative strength, smart scanners, multi-timeframe scanners, matrix tables, and much more. With the pro version, users can also develop their own trading strategies for any charting method, even without any knowledge of coding.
Some of the basic features included in the free version of Tradepoint include real-time charts of all segments and instruments, advanced line, bar, and candlestick charts, real-time and EOD noiseless charts, advanced tools and indicators on all types of charting methods, and unique patterns and indicators in all types of charting methods. In addition, the free version includes real-time and EOD Ratio charts, real-time and EOD RS charts in various charting methods, options charts, PCR charts, snakes charts, multiple ratio and performance charts, options Straddle & Strangle charts in various charting methods, multi-leg real-time charts in various charting methods, and weighted average charts.
The pro version of Tradepoint includes all of these features, as well as a range of additional features such as unique real-time scanners on all types of charting methods, relative strength scanners, smart scanners, ultra scanners, straddle scanners, a dynamic stock group manager, matrix and performance tables, a seasonality index and scanner, multi-timeframe stock scanners, an indicator digger section, and various breadth charts and studies.
The subscription fee for the pro version of Tradepoint is adjusted against your brokerage, and the subscription amount will be deducted from your ledger balance. The benefit of the subscription will be added to your Definedge Securities wallet and can be redeemed against your brokerage.
The pricing for the pro version of Tradepoint is as follows: ₹ 1799 + GST for 30 days, or ₹ 17999 + GST for 365 days.
Opstra – Options analysis and Trading platform
Opstra is a popular platform for options analysis and trading offered by Definedge. It allows users to trade and analyze futures and options in the equity, currency, and commodities segments with real-time price updates of positions. Opstra offers a range of unique features for building and analyzing options strategies, making it a valuable tool for traders.
In addition to the free version of Opstra, there is also a pro version available. The pro version includes all of the features of the free version, as well as additional features such as futures intra-day, options backtesting, options simulator, options algorithm, intraday IV charts, volatility surface, strategy charts, volatility skew, total open interest, historical TOI, put call OI dynamics, open interest charts, PCR, straddles, and options activity.
The subscription fee for the pro version of Opstra is adjusted against your brokerage, making it completely free to use. The subscription amount will be added to your Definedge Securities wallet and can be redeemed against your brokerage. To use Opstra, users must first open a Demat account with Definedge Securities and log in to the platform to trade seamlessly from the Opstra trading terminal.
The pricing for the Opstra pro is as follows: ₹ 799 + GST for 30 days, or ₹ 7999 + GST for 365 days.
RZone – Technical Scanners and Backtesting Tool
RZone is a powerful platform that offers technical scanners and backtesting tools to help traders and investors make informed decisions. It features a wide range of charting methods, including lower timeframes, and allows users to scan, backtest, and build strategies with ease.
One of the standout features of RZone is its portfolio analysis tools, which can help users identify the best instruments for their needs. It also offers advanced relative strength and breadth indicators, as well as matrix tables and sector analysis to provide users with a comprehensive overview of the market.
In addition to these features, RZone also offers multi-timeframe scanners, seasonality index and scanners, and an indicator digger section to study each indicator in detail. It also has journal and pair trading features, as well as D Sectors and D Phase to study the performance of all sectors.
RZone is suitable for both beginners and advanced users, as it offers pre-defined systems and strategies as well as the ability to develop your own strategy with no coding knowledge required. It is a valuable resource for anyone looking to take their technical analysis to the next level.
The pricing for the RZone PRO PLAN is as follows: ₹ 699 + GST for 30 days, and ₹ 6999 + GST for 365 days. The subscription fee will be added to your Definedge Securities wallet and can be redeemed against your brokerage.
Radar – A unique tool for Fundamental Analysis
Radar is a unique platform that offers a complete toolbox for fundamental analysis of listed companies. It provides a wide range of analysis tools, including ratio analysis, performance record, peer comparison, sector analysis, financial statement analysis, common-sized analysis, and shareholding analysis. These tools are completely free for Definedge Securities subscribers.
One of the standout features of Radar is its ability to run technical analysis scanners in RZone on the same group of stocks, making it an advanced Funda-techno scanner platform. This allows users to get a more comprehensive overview of the market and make informed decisions about their trades and investments.
Other features of Radar include common-sized financial statements, historical trend analysis of every line item, shareholding analysis, and sector analysis. It also offers pre-defined and user-defined scanners, making it suitable for both beginners and advanced users.
Overall, Radar is a valuable resource for anyone looking to conduct an extensive fundamental analysis of listed companies. Its wide range of analysis tools and ability to run technical scanners make it a comprehensive platform for traders and investors looking to make informed decisions about the market.
Buzzar – A unique Alert System
Buzzar is a unique alert system that allows users to set alerts based on price, volume, or custom strategies on any type of chart. It supports a wide range of market segments, including NSE, F&O, BSE, MCX, and CDS, and allows users to set up to 300 alerts at a time.
One of the standout features of Buzzar is its ability to apply alerts to any group of stocks in a single click. It also offers alerts based on price and indicator strategies, as well as support for a variety of chart types, including candlestick, P&F, Renko, Line-break, Kagi, and Heikin-Ashi.
In the free version of Buzzar, users can receive price and volume alerts via email and through the Zone mobile app. The pro version includes additional alerts based on strategies and alerts sent via SMS.
Overall, Buzzar is a useful tool for traders and investors looking to stay informed about price and volume changes in the market. Its wide range of features and support for multiple market segments make it a valuable resource for anyone looking to stay on top of market movements.
Definedge Stock Market Learning Platforms for Traders
Definedge’s Learning Platforms is a comprehensive learning resource designed to help traders and investors increase their knowledge and skills in the areas of trading and investment. The platform offers a variety of subjects, ranging from the basics to advanced concepts, in a structured format and is available for free to Definedge Securities subscribers.
Shelf – An Online Library for Traders
Definedge’s Shelf is a learning platform designed to help traders and investors increase their knowledge and skills in the areas of trading and investment. The platform offers a variety of subjects, ranging from the basics to advanced concepts, in a structured format. It is intended to serve as a practical guide for those who are interested in these techniques. The platform is available for free to Definedge Securities subscribers.
Some features of the Shelf Learning Platform include interactive images, easy accessibility, the ability to access the platform on multiple devices with read-aloud features, and personalized learning with certifications at the end of every course. The platform is designed to provide a solution for almost all trading and investment queries.
The founder and CEO of Definedge, Prashant Shah, has stated that the company’s goal is to share knowledge and create independent traders and investors who are successful. He also expressed a desire to contribute to the trading community through training, seminars, and the development of tools.
Insight – Online educational videos
Definedge’s Insight is an online educational platform that provides video presentations on various market trading and investment strategies. It is designed to educate traders and investors about the behaviour of the stock market. The platform offers a range of educational videos in various categories, including presentations by the Definedge research team and subject experts on various topics related to trading and investing.
All videos on Insight are available for free to Definedge Securities subscribers. Some features of the platform include quizzes at the end of each course, recorded sessions that allow users to learn at their own convenience, easy accessibility, detailed courses covering various charts and patterns, and a test forum to post queries related to the course. Insight has been designed by seasoned professionals to provide a comprehensive and engaging learning experience.
Other information about Definedge Securities
|Customer Care Number||020-61923200|
|Customer Support Email||[email protected]|
|Call and trade||020-61923220|
|Customer Support Timings||Weekdays: 9.00 AM to 6.00 PM|
|Corporate Office||Definedge Securities Broking Pvt. Ltd.|
Office no. 523, 5th Floor, Chintamani Plaza, Andheri – Kurla Road, Near WEH Metro Station, Andheri – East, Mumbai – 400099
|Membership Details||Member of NSE, BSE & MCX:|
SEBI Registration No. INZ000301132
Membership No.: NSE-90237 | BSE-6766 | MCX-56960
SEBI Registration No.: CDSL-IN-DP-662-2021
Membership No.: CDSL-12094700
NSE CM Code: M70017
CIN : U65990PN2021PTC198378
Frequently Asked Questions
What are the documents needed to open the account?
To open a Demat account, you will need to provide certain documents as required by the relevant authorities, such as a copy of your PAN card, bank proof, address proof, and financial proof. It is important to note that in order to digitally sign the KYC form, your mobile number must be linked to your Aadhaar.
Is there any other document that should be linked to Aadhaar?
You will need to link your PAN and mobile number to your Aadhaar to facilitate in account opening process.
How do I upload my signature in digital format?
To upload your signature in digital format, you will need to sign a blank piece of paper and take a clear photo of the signature. Make sure that the size of the image is under 20 KB before proceeding with the upload.
What is Definedge Securities wallet?
Definedge Securities Wallet is a feature that allows users to purchase subscriptions for various products offered by Definedge Securities, such as Tradepoint Pro, Opstra Pro, and RZone.
When a user buys a subscription, an amount equal to the cost of the subscription is added to their wallet in the form of reward coins. These reward coins can then be used to cover brokerage charges until the subscription is valid. Any remaining brokerage fees will be refunded to the user’s trading ledger on the same day. This means that with the Wallet feature, Definedge Securities products can effectively be used for free during the validity period of the subscription.
For example, if a user purchases a subscription for RZone for 1 month at a cost of Rs. 699 (+ GST), they will receive 699 reward coins in their wallet that are valid until the subscription ends. During this time, all brokerage charges will be adjusted against these reward coins, and there is no limit on the number of reward points that can be used.
What Trading Tools Does Definedge Securities Offer?
Definedge Securities offers a wide array of tools for technical and fundamental analysis, such as Tradepoint Desktop and Opstra, as well as Zone for Web and Mobile Devices. With these tools and technology, one can easily implement complex trading strategies. The vast knowledge base at Definedge Securities is also excellent, making it suitable for novice to advanced traders.
Is backtesting offered at no cost on OPSTRA analytics and trading terminal?
No, backtesting feature comes with the Pro version of OPSTRA Analytics and Trading terminal.