BlinkX is a leading discount broker in India and offers Full Service to traders and investors across the country. The discount stockbroker enables investors to trade in equity, commodity, currency, futures, and options across BSE and NSE.
Here is a detailed BlinkX review that encompasses all the details of the stockbroker like brokerage charges, account opening charges, features, exposure, other charges, trading platforms, products, etc. So, let's go through this review below.
BlinkX stock broker is backed by BlinkX Capital Limited, a reputed public company promoted by the founders of none other than IIFL. The broker started its operations in 2022. The stockbroker reached new heights of success quickly which is an example for others.
BlinkX has headquarters in Mumbai. The stockbroking company was founded by Nimesh Kampani. The stockbroker offers different subscription plans – Regular, Power Investor, and Ultra Trader.
Since its inception, the stockbroker has established itself as a competitive Full Service by providing a user-centric trading platform, reasonable brokerage, and high-end research tools. Along with this, BlinkX offers steadfast customer support and educational support, making it a great choice for investors and traders.
BlinkX A Comprehensive Company Overview
Company Overview | BlinkX |
---|---|
Company Type | Private |
Broker Type | Full Service |
Headquarters | Mumbai |
Founder | Nimesh Kampani |
Establishment Year | 2022 |
BlinkX has Free account opening charges for both trading and Demat accounts. For trading account, the AMT charges are Free but the AMC for the Demat Account is Rs. .
If you are looking to invest in stock through BlinkX, you would have to open a 2-in-1 account which includes a Demat account and a trading account.
Account Opening and Demat Charges
Broker | BlinkX |
---|---|
Trading Account Opening Charges | Free |
Demat AMC (Annual Maintenance Charges) | |
Depository |
The brokerage refers to an amount that is charged by a stockbroker against the services offered.
Brokerage of BlinkX
Brokerage | BlinkX |
---|---|
Brokerage Plan | Standard Plan |
Subscription Charges | Zero |
Equity Delivery | Rs.20 per Trade |
Equity Intraday | Free |
Equity Future | Rs.20 per Trade |
Equity Option | Rs.20 per Lot |
Commodity Future | Rs.20 per Trade |
Commodity Option | Rs.20 per Lot |
Currency Future | Free |
Currency Option | Rs.20 per Lot |
To provide assistance to traders and investors in the utilization of margin money for trading, BlinkX offers margin exposure. You may manage bigger holdings with lesser sums of money when you use margin money. You can increase your trading potential and seize market opportunities with this product.
BlinkX Exposure
Exposure | BlinkX |
---|---|
Equity Delivery | 1x |
Equity Intraday | Upto 5x (Depends on Stocks) |
Equity F&O Carry Forward | 1x |
Equity F&O Intraday | 1.3x |
Commodity F&O Carry Forward | 1x |
Commodity F&O Intraday | 1.3x |
Currency F&O | 1x |
Apart from charging brokerage charges, there are several other charges levied by BlinkX. These charges come under the purview of other charges. These include stamp duty, STT, SEBI turnover charges, GST, transaction charges, and others. As an investor or trader, you must need to be aware of these charges before going ahead.
Other charges of BlinkX
Charges | BlinkX |
---|---|
STT Equity Delivery | 0.10% on both sides |
Stamp Duty Equity Delivery | 0.015% on buy side |
Transaction Charges Equity Intraday | 0.00325% on both sides |
STT Equity Intraday | 0.025% on sell side |
Stamp Duty Equity Intraday | 0.003% on buy side |
Transaction Charges Equity Futures | 0.0019% on both sides |
STT Equity Future | 0.0125% on sell side |
Stamp Duty Equity Future | 0.002% on buy side |
Transaction Charges Equity Options | 0.05% on both sides |
STT Equity Options | 0.0625% on sell side & 0.125 (only on exercise) on Buy Side |
Stamp Duty Equity Options | 0.003% on buy side |
SEBI Turnover Charges | 0.0001% on both side |
GST | Goods & Service Tax (GST) / other levies would be extra as applicable |
BlinkX offers different trading platforms for both mobile and desktop users. All these trading platforms are high on user-friendliness and advanced features. Whether you are new to stock trading or a seasoned trader, these trading platforms offer exemplary trading experience. Some of the features offered by BlinkX trading platforms are:
BlinkX – Trading Platforms
Trading Platforms | BlinkX |
---|---|
Android App | blinkX Android App Link |
iOS App | blinkX iOS App Link |
Web Trading Platform | blinkX Web Trading Link |
Trading Terminal | NA |
Algo Trading Platform | NA |
Foreign Stocks Trading Platform | NA |
Basket Trading Platform | NA |
Mutual Fund Investment Platform | Available |
Digital Gold Investment Platform | NA |
Bonds Investment Platform | NA |
In order to entice investors, a lot of stockbrokers make alluring offers. For instance, some might provide a free account opening procedure, while others might provide free trading and delivery. Brokers utilize these offerings to set themselves apart from the competition and to draw in new business while keeping hold of their current clientele. Brokers increase the desirability of their services in comparison to rivals by emphasizing these advantages.
BlinkX Offers
Offers | BlinkX |
---|---|
Free Account Opening | Yes |
Free AMC | Yes |
Free Brokerage | No |
Flat Brokerage | Yes |
Flexible Brokerage Plans | No |
Happy Trading Hours | No |
Free Delivery Trading | No |
Free Intraday Trading | Yes |
Free F&O Trading | No |
Free Research Reports | No |
Free Trading calls | No |
Referral Offers | Rs.500 per Client |
Margin Funding / Pledging | Yes |
Brokerage Cashback | No |
Zero Brokerage for Loss Making Trades | No |
Additionally, BlinkX provides sophisticated trading tools for both novice and seasoned traders. From fundamental elements like portfolio tracking and real-time market data to more sophisticated choices like investment research, tailored recommendations, and charting tools, these features cover the gamut. Additionally, Angel One provides stock tips, research reports, and personalized stock recommendations.
Comparison of BlinkX – Trading Features
Trading Features | BlinkX |
---|---|
Wishlist | Yes |
Real Time Updates | Yes |
Portfolio Details | Yes |
Online MF Buy | Yes |
Research Reports | No |
Global indices | No |
Customised Recommendations | No |
Stock tips | Yes |
Interactive charts | Yes |
Live market | Yes |
Multi Profile Management | No |
Robust & Secure Platform | Yes |
The platform offers numerous financial services. Core services include trading in stocks, derivatives, and IPOs. The platform also offers in-depth market research, investment recommendations, and tools to help traders make informed decisions. For those seeking more hands-on management, Angel One provides portfolio management services as well. While it doesn't offer a traditional 3-in-1 account, it covers most other essential financial services.
BlinkX – Services Provided
Services Provided | BlinkX |
---|---|
Demat Services | Yes |
Trading Services | Yes |
Intraday Services | Yes |
F&O Services | Yes |
IPO Services | Yes |
3 in 1 Account | No |
Stock Research | Yes |
Stock Recommendations | Yes |
Trading Institution | Yes |
Share Pledging | Yes |
PMS or PCG | No |
NRI Services | No |
For traders and investors, BlinkX provides a full range of financial solutions. Based on your interests, you can trade in stocks, options, and futures. It also provides currency and commodity trading. BlinkX also lets you trade foreign equities if you're interested in international markets. Additionally, investing in mutual funds allows you to diversify your portfolio. It will assist you in protecting your money from erratic market fluctuations. BlinkX can efficiently cater to a variety of investment plans and tastes thanks to its wide range of product offerings.
BlinkX – Products Provided
Products Provided | BlinkX |
---|---|
Equity Delivery | Yes |
Equity Intraday | Yes |
Equity Option | Yes |
Equity Future | Yes |
Commodity Option | Yes |
Commodity Future | Yes |
Currency Option | Yes |
Currency Future | Yes |
Foreign Stocks | Yes |
Mutual Funds | Yes |
Banking | No |
Insurance | No |
Corporate Bonds | Yes |
Govt. Bonds | Yes |
Digital Gold | No |
BlinkX provides strong customer service to guarantee a seamless and trouble-free experience for its customers. For assistance with any questions or problems, their committed support staff is accessible via phone, email, and live chat.
Customer Support of BlinkX
Customer Support | BlinkX |
---|---|
Trading Support | |
Dedicated Dealer | |
Call Support | 8880303459 |
Email Support | info@blinkx.com |
Whatsapp Support | |
Website Support | Website Link |
Facebook Support | Facebook Support Link |
Twitter Support | Twitter Support Link |
Telegram Support | Telegram Support Link |
Branches / Offices |
The BSE and NSE regularly receive and address complaints in order to maintain a rigorous check and balance on fair-trade opportunities for all traders and investors. Investors have the option to file complaints regarding brokers, trading members, and index-listed businesses. In order to address them, the BSE and NSE give them a deadline to correct their error; if they don't, harsh action is taken against them. The total number of complaints filed with the BSE or NSE is listed below. You may also see the percentage of those complaints that were settled. Another helpful indicator to evaluate a stock broker is the proportion of lodged vs resolved cases.
BlinkX Complaints
Complaints | BlinkX |
---|---|
Total Complaints Lodged | |
Total Complaints Resolved | |
% of Resolved Complaints | |
Non Actionable Complaints | |
% of Non Actionable Complaints |
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