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:
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 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:
Charts with multiple indicators
Here are some of the screenshots of the trading platform:
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:
Market watch, live quotes
Intra-day interactive charts
Alerts and notifications via email and SMS
Here is how the application looks like:
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
At the same time, you need to take care of the basic configuration of your computer before you start trading. Some of that is explained below:
2 GHz or higher processor
2 GB RAM (This value should be dedicated to the Desktop application only. For other tasks, you can have additional free RAM).
50 MB available disk space for installation and additional 500 MB for history cache.
Windows 7/ 8.1/ 10
Microsoft .NET Framework 4.7 +
MacOS version 10.11
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.
This is how ProTrader looks like:
NSE Mobile Application
This is a mobile-based trading application that can be accessed through mobile phones with any of the following operating systems:
Windows Phone 7
This mobile application comes with the following features:
Real-time streaming quotes and market trends
View positions, browse charts
Here is the demo video of the NSE mobile trading application:
Composite Edge Customer Support
You can get in touch with the support team of this discount broker through the following communication channels:
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
Here are the charges explained for Composite Edge:
Composite Edge Account Opening Charges
Here are the account opening charges of Composite Edge:
Demat Account opening charges
Trading Account opening charges
Demat Account Annual Maintenance Charges
Trading Account Annual Maintenance Charges
Composite Edge Brokerage
In terms of brokerage, Composite Edge has devised the pricing in such a way that it incentivizes users who trade heavily. Here is how it works:
Apart from account opening and brokerage charges, here are the transaction charges levied on the client:
Composite Edge Exposure or Leverage
Clients get the following leverage from Composite Edge:
Upto 5 times Intraday
Upto 3 times for Intraday
Buying no Leverage, shorting upto 3 times for Intraday
Upto 2 times for Intraday
Buying no Leverage, shorting upto 2 times for Intraday
Upto 2 times for Intraday
For users who don’t know the risks and implications of using exposure in their trades, we would suggest you understand how it works. Yes, it can amplify your profits but at the same time, usage of exposure can lead to huge losses as well.