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BMA Wealth Review by A Digital Blogger

BMA Wealth Creators Review

BMA Wealth creators is a full-service stockbroker based out of Kolkata with its corporate office in Mumbai. This broker is more than 15 years old and claims to have a coverage through 42 branches and 7000 business partners or franchises across India. BMA Wealth has a membership with NSE, BSE, NCDEX and MCX, thus, allowing its active client base of 28,481 to trade across:


"BMA Wealth Creators has 28,481 active clients for this year 2017-18."


BMA Wealth Creators Trading Platforms

BMA Wealth creators offer 3 trading platforms depending on the user device and trading frequency preference. Here are the details:

NEST

NEST is the traditional trading terminal provided to BMA Wealth clients through NSE. It is a robust trading application that users can download and install on their desktops or laptops. This suits well to heavy traders who have a dedicated machine just for trading and treat trading as their primary income source. Here are some of the features of the trading terminal software NEST:

  • Market Watch
  • Options calculator
  • Compare Scrip
  • Heatmaps
  • Charts with multiple indicators

 

Trade On BMA

Trade on BMA is a browser-based trading terminal that can be accessed from anywhere. This trading platform has been customized for BMA wealth by Omnesys and is compatible across browsers and devices. The application can be accessed with valid username and password combination. Some of the features of the application are:

  • Single interface for all the interfaces
  • Intraday and index charts available with multiple indicators
  • Portfolio management
  • Online funds transfer across multiple banks

 

BMA mTrade

BMA mTrade is a mobile app from BMA Wealth creators that comes with the following features:

  • Index watch and market watch
  • Real-time quotes steaming
  • Latest news and market updates 

BMAON Mobile Application

This is a recent addition to the in-house trading platforms of BMA Wealth where they have introduced a new mobile trading application altogether. Seems the stockbroker launched a new product rather than working on fixing their existing mobile trading application.

Nonetheless, the features offered in this trading application include:

  • Lightweight, easily installed and configured
  • Limited number of features though but well-designed application
  • Okayish speed or performance

At the same time, some of the concerns raised by application users are:

  • Faces crash out regularly
  • Compatibility issues with few smartphones observed
  • Almost no personalization allowed 

BMA Wealth creators Customer Service

The full-service stockbroker provides the following communication channels to its clients for customer support:

  • Offline branches
  • Toll-free number
  • Email support
  • Phone

This is one of the biggest concerns in case of BMA Wealth. There is no track of turnaround time or quality of communication. In fact, the skillset of the support staff lacks professionalism too.

BMA Wealth certainly needs to pick up the tempo in this area, especially looking at their overall registered complaint percentage at the National Stock Exchange (NSE).

BMA Wealth creators Research

The broker provides different types of research reports and recommendations to its clients, distributed across segments. Here is the complete segregation of reports provided by BMA Wealth for reference:

  • Equity
    • Daily Reports
    • Company Reports
    • Weekly Reports
    • Other Reports
  • Commodity
    • Daily Reports
    • Company Reports
    • Weekly Reports
    • Other Reports
  • Currency
    • Daily Reports
    • Company Reports
    • Weekly Reports
    • Other Reports
  • Result Update
  • Economic Update 

BMA Wealth creators Pricing

Being a full-service stockbroker, BMA is considered relatively expensive.

BMA Wealth creators Account Opening Charges 

Following the pattern of full-service stock brokers, BMA Wealth charges pretty hefty amounts for opening a Demat account. Annual maintenance charges (AMC) are as per industry standards though.

BMA Wealth creators Brokerage Charges

BMA Wealth creators charge reasonably fine brokerage charges.

 

You can check out the Pricing and the rest of the details through this BMA Wealth Review.

 

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Friday, 26 April 2019

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