Company Profile
| Nirmal Bang Review Summary | |
| Founded | 2000 |
| Registered Country/Region | India |
| Regulation | Unregulated |
| Market Instruments | Equity & Derivatives, Forex, Commodities, Institutional Broking, Depository Services, Loan Against Securities |
| Demo Account | ✅ |
| Leverage | / |
| Spread | Equity Intraday: 0.03%-0.05%; Delivery: 0.3%-0.5% |
| Trading Platform | Proprietary Trading Software, Web-Based Trading Platform |
| Min Deposit | ₹0 for account creation; PMS accounts may require higher minimums |
| Customer Support | - Email: support@nirmalbang.com |
| - Phone: +91-22-68207000 / +91-9082846200 | |
Nirmal Bang Information
Providing a broad spectrum of financial services including stock, derivatives, FX, and commodities trading, Nirmal Bang is an India-based broker. Although it provides institutional broking and thorough portfolio management tools (PMS), traders run a possible risk from the absence of control.
Pros and Cons
| Pros | Cons |
| Market instruments include stock, currency, and commodities | Unregulated |
| Low brokerage rates for intraday and delivery trading | Limited information about trading platform features |
| No charges for deposits or withdrawals | High performance fees for portfolio management services (PMS) |
Is Nirmal Bang Legit?
India-based Nirmal Bang is unregulated by financial authorities. Its operations are not regulated by the FCA or ASIC.
Registered on January 20, 2000, the domain nirmalbang.com expires on January 20, 2029.
What Can I Trade on Nirmal Bang?
Offering a wide spectrum of trading and investing solutions, Nirmal Bang meets different financial needs. These comprise institutional broking, commodities trading, forex trading, and stock and derivative trading.
| Tradable Instruments | Supported |
| Equity & Derivatives | ✔ |
| Forex Trading | ✔ |
| Commodity Trading | ✔ |
| Institutional Broking | ✔ |
| Depository Services | ✔ |
| Loan Against Securities | ✔ |
Account Types
The platform primarily supports Demat and Broking Accounts for trading in equity, derivatives, commodities, and forex.
Nirmal Bang Fees
Spreads & Brokerage
Charges vary based on account type and trading volume.
Equity intraday brokerage typically ranges from 0.03% to 0.05%.
Delivery brokerage ranges from 0.3% to 0.5%.
Management & Transaction Fees
Portfolio Management Services (PMS):
Management Fees: 2% annually on daily weighted average assets.
Performance Fee: Charged at 10% above the hurdle rate (typically 10% portfolio returns).
Example (Year 1 Hybrid Fee Illustration):
Total Charges: ₹1,78,106 (management + brokerage + performance fees).
Net Portfolio Return: 16.44% after all fees.
Example Breakdown of PMS Fees (Year 1 Illustration)
| Fee Component | Amount (₹) |
| Management Fees (2%) | 1,09,340 |
| Brokerage & Transaction Costs | 5,500 |
| Other Expenses | 27,500 |
| Performance Fees (10% above Hurdle Rate) | 35,766 |
| Total Fees | 1,78,106 |
Non-Trading Fees
| Deposit Fee | ₹0 | No charges for deposits. |
| Withdrawal Fee | ₹0 | No charges for withdrawals. |
| Inactivity Fee | Not Specified | Applicable for dormant accounts (if any). |
| Deposit Fee | ₹0 | No charges for deposits. |
