Globe Capital is a full-service stockbroker based out of New Delhi and has been around for a while now. Since its establishment in 1994, the broker has been able to gather memberships from NSE, BSE, MCX, NCDEX, MCX-SX and ICEX.
Thus, Globe Capital has taken care of all sorts of affiliations and membership a broker may need to set it up in the stock market and create a sense of trust factor among its potential client base.
However, that is not the only aspect a broker needs to consider. In fact, that can be seen as a mere formality.
The challenging parts are areas such as research, offline presence, customer support, margin at a reasonable brokerage. Does Globe Capital manage to take care of all these aspects? Let’s find out in this detailed review.
Globe Capital Review
As per the latest numbers, Globe Capital has an active client base of 26,531 which is not so large honestly and the broker certainly needs to up the tempo as far as client acquisition is concerned.
The broker claims to have more than 3000 representative offices across 400 cities and towns of India. The broker serves at both institutional and retail broking level and that could be one big reason for their low retail client base number.
If you are interested to be a partner, check out this detailed review on Globe Capital Franchise before making a choice.
Anyway, looking at the currently active client base, the broker is certainly one of the average ones when it comes to prominence, but still, it provides in-house developed trading platforms.
This is something which can work as a differentiating factor for the broker if they are able to provide value to their client base, consistently (more on this later).
The full-service stockbroker has a presence outside India as well as a running membership with Dubai Gold and Commodity Exchange (DGCX) along with corporate finance and International Broking business in London.
As far as Indian operations are concerned, Globe Capital allows you to trade and invest in the following listed financial segments:
Furthermore, Globe Capital indulges quite a bit into the Institutional trading form where the broker works with corporate businesses and handles their investments.
Let’s move ahead and talk about how Globe Capital fares in some of the most crucial aspects when it comes to stockbroking in India.
Globe Capital Trading Platforms
As mentioned above, Globe Capital provides in-house trading platforms across devices.
What has been observed on a general basis is that stockbrokers enter into the industry by providing third-party applications such as NEST or NSE Now and dump away this major responsibility based on technology.
Let’s talk about all these software one by one:
Globe Connect Pro
Connect Pro is a web-based trading application that can be accessed from any specific browser such as Google Chrome, IE, Firefox or Safari.
To use this responsive application, you are not required to download or install any software to use this application.
Some of the features the application provides, include:
Allows you to trade across Equities, Commodity, Currency, Derivatives, Mutual funds and IPOs
Provides charting styles such as Candlesticks, line charts along with multiple technical indicators so that you can perform real-time Intraday and historical analysis.
Access to research reports and recommendations on a regular basis
Gives information on real-time news at a global level that can directly or indirectly impact specific sectors or stocks.
Fund transfers across 25 prominent banks allowed
Here are the details on the configuration you need to have a smooth trading experience while using Globe Connect Pro:
Intel(R) Core (TM)2 Duo CPU @ 2.20GHZ
80GB HDD, GB Eth NIC
High-speed Internet or LAN connection
Globe Trade Smart
Globe Trade Smart or Trade Architect is a terminal-based application where you are required to download and install this application on your computer, laptop or desktop.
Primarily suitable for heavy traders, Global Trade Smart provides a blend of efficient trading tools, research and risk management, and through its effective market data streaming provides most advanced features for rich user experience and convenient trading.
Some of the top features of this application include:
Integrated and highly configurable market watchlists and provides real-time market information
Advanced charts with technical indicators and drawing tools provided for detailed technical and fundamental analysis
Real-time research calls, discussions and market reports
Export complete market watch to excel with live streaming so that you can apply formulae on top of it
Pay-in and Payout options available
Conditional alerts and notifications at Price, Volume, High crossovers, Percent crossovers levels.
Bulk orders allowed
Here are the configuration details for using Globe Trade Smart:
Intel(R) Core (TM)2 Duo CPU @ 2.20GHZ
80GB HDD, GB Eth NIC
High-speed Internet or LAN connection
Globe Connect Mobile
This mobile app from Globe Capital is basically a customized version of NSE NOW. NSE NOW comes in different versions and this one is a mobile trading app developed by Financial technologies and is outsourced to stockbrokers of India.
Most of those brokers buy the license of this application as it is while there are a few who customize the mobile app a bit and then offer to their client base.
Globe Capital is one of those and this mobile app is one of those customized versions:
Some of the features of this mobile app include:
Market depth and integrated market watch
Research tips and recommendations
Trading across multiple segments
At the same time, some of the major concerns raised by this app’s users are as follows:
Issues reported in the alerts and notifications feature.
Technical charts can be increased for an even detailed analysis.
Limited data points, might not be useful for an expert trader.
This specific application is useful for traders who are looking for real-time Financial Information, News Analytics and Heat Maps.
Although there are very limited applications of such kind available with stockbrokers, however, even Globe Capital has not been able to market the product well enough.
Due to this, the application has not really worked the way this full-service stockbroker might have anticipated for customer acquisition.
Some of the features include:
Live news from different media types including TV channels, social media etc.
Sentiment analysis of specific stocks and sectors
Top news from the global perspective
Heat maps available for a quick market glance
This is how the application looks like:
Apart from the trading platforms, the broker also has the channel of ‘Call and Trade’ where the clients can place a call at a branch or at the specific number provided by the broker. In this call, they can ask the executive to place a trade on their behalf.
There would be a few formalities involved in this call and once your details are validated, the trade request is passed and executed.
Globe Capital Research
Globe Capital provides research at multiple levels for both short and long-term levels. This is how the overall research set up at this brokerage house done:
Theme based reports
Daily call tracker
Mutual fund Research
Depending on your trading or investing preferences, you may choose the specific kind of research reports and recommendations offered by the stockbroker.
When it comes to regularity, the broker provides daily and weekly level reports and publishes all these reports within specific timelines. At the same time, the accuracy is one area that can be improved since the performance of these tips and recommendations is at an average level. This is how one of such reports from Globe Capital looks like:
The full-service stockbroker provides service to its clients through the following communication channels:
The turn around time (TAT) is one of the biggest concerns when it comes to customer support quality of Globe Capital. If you are a client or want to be a client of this full-service stockbroker, then you will expect a callback from the broker against your request.
However, it takes a while for them broker support team to get back to you. This can certainly be annoying and frustrating for users who are stuck in crucial situations.
In case you get stuck with the customer support and are not able to figure out any solution to the issue raised by you, it is advised that you get in touch with the compliance officer of the broker for an escalation.
Globe Capital Pricing
Full-service stockbrokers such as Globe Capital charge a specific percentage of your trade value as brokerage. In every trade you place, you will be required to pay a certain price to the brokerage house that will be deducted from your overall gain from the trade.
Apart from brokerage, there are other charges you need to take care of as well in your overall trading and investments in the stock market. Let’s talk about all these one by one:
Globe Capital Account Opening Charges
To open an account and maintain the same, you are required to pay the following charges to the full-service broker:
Trading Account Opening Charges
Demat Account Opening Charges
Trading Account Annual Maintenance Charges
Demat Account Annual Maintenance Charges
Globe Capital Brokerage
As mentioned above, the brokerage rates are percentage-based and are as follows:
₹70 per lot
₹30 per lot
Looking at the brokerage values, it can be said that Globe Capital is certainly expensive, especially when it comes to delivery trading. You are suggested to negotiate as much as possible while opening your demat account with the broker.