Canmoney is part of Canara Bank and it is also known as Canara bank securities ltd. Canmoney offers 3-in-1 account including bank account, Trading account, and Demat account. They are registered member of NSE, BSE, F&O, and CDS. canara bank securities are the one of the reliable stock broker in India and almost presence in all major cities of India. The client can visit Canara bank branch and open the trading account. More than 20 years of experiences in stockbroking.
Key features:
- Offers 3-in-1 Account all investment solutions.
- Very good customer care support.
- Real-time market information.
- Online subscription to a mutual fund.
- Online subscription for Initial Public Offer.
| Website. | www.canmoney.in |
| Demat Account. | NSDL, CDSL |
| Trading Exchanges. | NSE,BSE,MCX-SX. |
| Broker Type. | Full-Service Broker. |
Canmoney Account Opening Charges.
| Trading Account. | Rs.600 |
| Demat account. | Rs.200. |
| Commodity Account. | NA |
| Trading Annual maintenance charges (AMC). | Rs. 200/per year. |
Note: Rs. 600 need to pay at the time of account opening and it includes all charges for BSE, NSE, DP agreements and its also includes Power of Attorney & other expenses.
Canmoney Brokerage Charges.
Option 1: DEFAULT BROKERAGE OPTION
| Transaction Type. | Rate. |
| Non-Delivery (Cash Segment). | 0.05%. |
| Delivery. | 0.35%. |
| FNO. | 0.10%. |
Option 2: UPFRONT BROKERAGE OPTION.
| VALIDITY (ONE MONTH). | Standard. | Silver. | Gold. | Platinum. |
| Upfront Brokerage payable. | Rs.299 | Rs.499 | Rs.999 | Rs.3999 |
| Non-Delivery (Cash Seg.). | 0.035%. | 0.03%. | 0.025%. | 0.02%. |
| Delivery. | 0.30%. | 0.25%. | 0.20%. | 0.16%. |
| FNO. | 0.07%. | 0.06%. | 0.05%. | 0.04%. |
Option 3: TURNOVER BASED BROKERAGE OPTION
| Turnover. | Rate. |
| Daily Turnover up to Rs. 5.00 lacs. | 0.25%. |
| Daily Turnover between Rs. 5.00 lacs – Rs. 20.00 Lacs. | 0.15%. |
| Daily Turnover between Rs. 5.00 lacs – Rs. 50.00 Lacs. | 0.10%. |
| Daily Turnover of Rs. 50.00 lacs & above. | 0.07%. |
Currency & Derivatives
| Segments. | Rate. |
| Derivative Options. | Rs.50 per Lot on per leg. |
| Currency Derivatives (CDs). |
|
Brokerage charges for penny stocks: Stock price less than Rs.10 brokerage will charge 1 paise for per share (for all brokerage plans).
Leverage or Margin.
| SEGMENT. | MARGINS. |
| Equity (Intraday). | Up to 5 times Intraday. |
| Equity (Delivery). | Up to 5 times. |
| Equity Futures. | Up to 2 times Intraday. |
| Equity Options. | No Leverage. |
| Currency Futures. | No Leverage. |
| Currency Options. | No Leverage. |
| Commodity. | NA. |
Trading Platform Or Software.
| Trading Platform or Software. | CANROYAL |
| Web-based. | CANLOYAL |
| Mobile Application. | Yes, |
Desktop Based Trading Platform: CANROYAL is the trading software for the desktop-based trading portal.Customers need to download on laptop or computers for online trading. Specially designed for active traders.
Mobile Application: Canmoney mobile trading app is introduced for active mobile users. The customer can monitor stock on move and place an order in NSE, BSE. Ave 3.8 star rating from 400 users. Available on google play store for downloading.
Some Useful Services.
| Online Trade Reports. | YES. |
| Online PNL Reports. | YES. |
| Intraday Chart Facility. | 1-day web-based platform |
| End of Day Chart Facility. | 1-day web-based platform |
| 3 in 1 Account. | YES |
| Instant Fund withdrawal. | YES |
| Relationship Managers. | YES. |
Canmoney Useful Details.
| Price (Broker Type). | Percentage-Based. |
| Headquarters City (Head Office). | Mumbai(Maharashtra). |
| Total Branches (Presence). | 3+ bank branches |
| Research & Tips. | Yes, Research Provided. |
| Total Experience in Broking. | 20 Years of experience. |
| Year of Incorporation. | 1996. |
Client Info & NRI Account opining Regulations.
| Current Active Client Base? | More Than 25000 |
| NRI Account Opening Allowed Or Not. | YES, It is Allowed. |
Fund Transfers Service.
| Number of banks linked to account. | 2+ |
| Mode of payment (Withdraw &Deposit). | Payment Gateway. |
| Fund Payin processing time. | Instant by payment Gateway. |
| Fund Payout processed (Working Days). | 1 Day. |
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Turnover & Other Charges.
| Equity (Cash & Delivery) Turnover charges. | 0.00325% of Turnover. |
| Equity Futures Turnover charges. | 0.0019% of Turnover. |
| Equity Options Turnover charges. | 0.050% of the premium |
| Currency Futures Turnover charges. | 0.050% of the premium |
| Currency Options Turnover charges. | 0.0019% |
| Commodities Turnover charges. | No Info |
| Dial & Trade charges. | Rs.0. |
| DP Transaction charge. | Rs 20 /Debit Transaction |
Support & Tools Available.
| Brokerage calculator. | Not Available. |
| Margin Calculator. | Not Available. |
| Bracket orders & Trailing stoploss. | Not Available. |
| Cover order. | YES. |
| User guide & remote end support. | YES. |
Reports & Confirmation.
| Contract notes on Email. | Yes (Register Email ID). |
| Contract notes online. | Yes (Register Email ID). |
| Periodical statement on Email. | Yes (Register Email ID). |
| Trade confirmation on Email. | Yes (Register Email ID). |
| Trade confirmation on SMS. | Yes (Register Email ID). |
Additional Features.
| Charting (Intraday & EOD). | YES. |
| Coding or Backtesting (Algo Trading). | Not Available. |
| Referral program (Affiliate). | Not Available. |
| Training & Education. | Yes, Knowledge center. |
| Online trading community. | Not Available. |
Customer Care Services.
| Contact Details. | Regd. & Correspondence Office Address. VII Floor, Maker Chambers III, Nariman Point, MUMBAI 400 021. INDIA. |
| Call. | Customer Care.
|
| Email. | [email protected] |
| Complaints Or Grievances. | [email protected] |
Advantages and Disadvantages of Canara Bank Securities.
Advantages:
- More than 20 years of experience in stock broking industry.
- Available in all major cities of India.
- Hassle-free application for Initial Public offer.
- Instant Fund Transfer.
- High quality and fast trading portals for all the versions.
- Best choice for penny stock traders.
Disadvantages:
- Commodity segments not available for online trading.
- Brokerage calculator and margin calculator are not available on the website.
- Low margins as compared to another stockbroker.
Canmoney Review & Ratings
On the scale of 5 (0 is worst & 5 is best). Below are the review & rating for Canmoney.
| Summary | Ratings |
|---|---|
| Customer Experience | 3.5 / 5 |
| Trading Platform / Mobile APP | 4 / 5 |
| Services | 4 / 5 |
| Brokerage Charges | 5 / 5 |
| Fund Add / Withdrawal | 4.5 / 5 |
| Overall Rating | 4 / 5 |
| Star Rating | ★★★★ |
| Review Counts | 425 |
More Useful Article
I just open my account .I forgot my user ID and password.so how can I get it.
Pls contact to related broker customer care for the same.
The time period of ” Intraday” is different for every broker. Whereas for some trading houses like Axis Direct , this time span is almost a month, the “intraday” of Canmoney is strictly the same day. Canara Bank Securities automatically squares off the intraday position at 3.10 pm, at a time when the scrip is at a lowest ebb. Thus a trader always loses money. Thus CBSL is not designed for an intraday trader. Beware of it.
Hi,
I need to know about Canbank share trading training center in Chennai can you please help me