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FlatTrade Review 2023 – Services, Charges, Pros, Cons and More

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Table of Contents

FlatTrade Review: FlatTrade Features

FlatTrade Review: FlatTrade Pros

FlatTrade Review: FlatTrade Cons

FlatTrade Review: FlatTrade Charges

FlatTrade Review: FlatTrade Zero Brokerage Plan

FlatTrade Review: FlatTrade Customer Support

Conclusion

Are you looking for a complete FlatTrade Review? FlatTrade Trading Corporation, formerly known as Fortune Capital Services Private Limited, is a prominent discount stock broking company based in Chennai. Founded in 2004 by Mr. K. Narayan Moorthy, an experienced spot bullion trader, the company has rapidly grown to become a pioneer in the Indian stock market. Here is our FlatTrade Review that will help you know all about the pros, cons, charges and more about the broker.

Open an account with Upstox before you read our FlatTrade Review 2023.

FlatTrade Review: FlatTrade Features

There are many useful features that make FlatTrade stand out:

  • One of FlatTrade’s key features is its unique offering of zero brokerage to its customers. This has made it stand out in the industry, attracting a significant clientele. Despite providing free trading services, the company excels in delivering robust customer support, ensuring a satisfactory trading experience for its users.
  • FlatTrade specializes in dynamic trading and is known for providing innovative brokerage solutions. Its focus on cutting-edge technology and affordable pricing models has contributed to their success in the market.
  • FlatTrade Trading offers a wide range of exemplary services and robust platforms for trading in various segments, including Equities, Derivatives (Futures & Options), Commodities, and Currency Derivatives. Through its Demat and Mutual Fund Investment platform, FlatTrade Trading enables clients to efficiently manage their investments.
  • Moreover, the company offers an online investment platform for Wealth Management through Mutual Funds, catering to both individual and corporate clients. This service is complemented by exemplary customer service, further enhancing their reputation in the financial sector.
  • The company prides itself on providing a seamless online trading experience through multiple platforms, catering to the diverse needs of its customers. These platforms include a user-friendly Mobile App, EXE-based trading, and a web-based trading interface.
  • To keep clients informed and in control of their investments, FlatTrade Trading provides essential features such as ledger statements, daily margin reports, and daily contract notes. This transparent approach fosters trust and confidence among its clientele.

Read on – Is trading on Flattrade a wise decision?                            

FlatTrade Review: FlatTrade Pros

There are plenty of FlatTrade advantages:

  • FlatTrade is a member of major exchanges like BSE, NSE, and MCX, which has helped the company gain recognition and credibility in the industry.
  • One of the key advantages of using FlatTrade Trading’s online platform is the freedom it offers customers to stay connected to the market from anywhere. Users can access real-time market data, set up personalized market watches, and stay updated with the latest financial news. This ensures that clients can make informed decisions and seize opportunities promptly.
  • In addition to equities and derivatives trading, FlatTrade extends its services to commodities and currency trading. This diverse range of offerings makes it an appealing choice for traders with varied investment interests.
  • Recognizing the importance of personalized service, FlatTrade Trading extends its reach with offline branches, ensuring that customers can access assistance and support in person.
  • The broker specializes in providing comprehensive financial solutions centered around mutual funds. Its mutual funds are particularly well-suited for investors aiming to achieve their long-term financial objectives, making them an optimal choice for securing financial future.
  • FlatTrade eliminates any barriers for potential clients by providing free account opening and annual maintenance charges, making it easy for investors to get started.
  • The company has established a strong presence in the southern part of India, establishing its reputation as a reliable financial partner in the region.

FlatTrade Review: FlatTrade Cons

You should also know about the FlatTrade disadvantages:

  • FlatTrade Trading offers a restricted range of trading and investment products, limiting the options available to its clients.
  • Moreover, the company lacks a strong focus on technology, with only one in-house trading platform, the Mobile App, which falls short in terms of performance and features.
  • The overall offering of FlatTrade Trading appears to be somewhat limited and may not fully meet the expectations of investors seeking a more comprehensive and technologically advanced trading experience.

FlatTrade Review: FlatTrade Charges

FlatTrade imposes a brokerage fee of ₹10 per order for both Intraday and Delivery trading. The notable advantage is that no initial margin amount is necessary to initiate trading activities with the platform. Also, there are no Annual Maintenance Charges (AMC) applicable to the FlatTrade Trading and demat account, making it a cost-effective option for investors.

It also offers a Zero brokerage plan, which is not an entirely new concept, as similar ideas have already been successfully implemented by brokers worldwide. However, investors can stand to benefit from it.

FlatTrade Review: FlatTrade Zero Brokerage Plan

The Zero Brokerage plan is a well-thought-out strategy, with a carefully designed business model aimed at acquiring a wider customer base across the country. The pricing structure for the Zero brokerage plan is simple – customers only need to pay a one-time charge of Rs 200 during the account opening; there are no annual maintenance charges or brokerage fees. This approach aims to lower costs for customers, which proves crucial for long-term profitability in the capital markets for both traders and investors.

Regarding revenue generation, the company has explained that despite there being no brokerage charges, they still incur the same expenses, regardless of whether it is a single transaction or a million. However, it plans to generate revenue through their funding products (NRML and MTF) and take advantage of exchange benefits by conducting higher transaction volumes.

Take a break from reading on FlatTrade Review 2023. Open an account with Angel One, another top broker in India.

FlatTrade Review: FlatTrade Customer Support

FlatTrade Trading places a strong emphasis on customer satisfaction and support. With a dedicated team of knowledgeable employees, it offers online customer care and back-office assistance. Its primary focus is on empowering clients and delivering valuable services.

Read on IPOs and FPOs: What are the Differences?

Conclusion

Overall, as you can make out from this FlatTrade Review 2023, FlatTrade Trading stands as a reliable and customer-centric financial partner, leveraging its cutting-edge technology and dedicated team to provide a seamless trading experience across various segments while prioritizing client empowerment and satisfaction. It has firmly established itself as a trusted and reliable stock broking firm in India, offering free trading services, superior platforms, and competitive pricing models for a wide range of trading options. It takes pride in delivering a range of quality customer services, prioritizing the satisfaction and needs of its valued clientele.

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