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Composite Edge Review by A Digital Blogger

Composite Edge Overview

Composite Edge is a prominent discount stockbroker with its establishment going as back as 1994 as part of Composite Investments Pvt. Ltd.(CIPL). It allows instant fund transfers from ICICI, Kotak, HDFC and Axis banks with transaction charges of ₹15, thus, making the funds' transfer process a knot easier as compared to other non-banking stock brokers that might take a day or so to transfer funds.

It has an accreditation from BSE, NSE, MCX-SX and MCX to allow its clients to trade in the following segments:


"Composite Edge registered as Composite Securities Limited in SEBI has an active client base of 1,258 which is pretty low overall."


Trading Platforms

The trading platforms offered by Composite Edge are mostly out-sourced in nature and the stockbroker beers minimum responsibility when it comes to focus on technology.

The good part of the out-sourced softwares is that they are pretty exhaustive in nature and configuration while the concerns remain on the fact that the user experience is pretty bland and you might take some time in understanding how the application and navigation works.

Let's talk about the ones provided by this discount stockbroker one by one:

NOW

NOW is the terminal based trading platform from NSE licensed to many stockbrokers including Composite Edge. The user needs to download and install this software on his or her laptop or desktop. This is generally suitable for heavy traders who have a dedicated machine just for trading and use stock trading as their primary living. Some of the features of the robust trading terminal are:

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

 

NOW Online

NOW Online is web trading application that can be accessed from anywhere using an internet connection. It is suitable for users that are light to medium level traders. This application does not require the client to download or install any software. Some of the features of this application are:

  • Stock screener
  • Market watch, live quotes
  • Intra-day interactive charts
  • Alerts and notifications via email and SMS
  • Funds transfer

ProTrader

ProTrader is a terminal based application that requires a download and then an installation on your laptop or computer. You cannot use this on your mobile or tablet devices. As far as the features are concerned, the application provides you with the following offerings:

  • Customization allowed on the menu, widgets dashboard level along with set-up of alerts and notifications
  • Short-cut keys or hotkeys, as they call it, are allowed to be set-up in order to place quick trades and order execution
  • Multiple types of charts provided so that you can perform detailed technical or fundamental analysis

Just make sure to discuss with the executive of the stockbroker on the point whether any of the trading platform provided is chargeable in nature. This will save you unnecessary waste of time and money later in case you are billed for usage of these trading platforms.

 

NSE Mobile Application

This is a mobile-based trading application that can be accessed through mobile phones with any of the following operating systems:

  • Android
  • Java
  • iOs
  • Windows Phone 7
  • Blackberry

This mobile application comes with the following features:

  • Real-time streaming quotes and market trends
  • View positions, browse charts
  • Order placements

 


Composite Edge Customer Support

You can get in touch with the support team of this discount broker through the following communication channels:

  • Email
  • Phone
  • Social Media
  • Web-form

Even though the discount broker offers live chat support, which is a scarce channel, the customer support is pretty slow in their turnaround time. The executives take their own sweet time in responding (if they respond) and for people looking for quick resolutions, the experience can be pretty frustrating. Keep your patience cap on here!

Furthermore, it seems the support staff does not seem to understand some of the basic terms, if not jargons, of the stock market.

Thus, if you are expecting quick support from this discount stockbroker, be ready to get a bit disappointed.

Composite Edge Pricing

Overall pricing in stockbroking include:

  • Account Opening Charges
  • Brokerage charges
  • Transaction Charges
  • Taxes

Here are the charges explained for Composite Edge:

Composite Edge Account Opening Charges 

Composite Edge Brokerage 

Use this Composite Edge Brokerage Calculator for complete charges and your profit

Composite Edge Transaction Charges

 

 

To know about Pricing and rest of the review, you can check out this detailed Composite Edge Review

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Friday, 22 February 2019

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