Achiievers Equities Review, Brokerage Charges, Demat A/C & moreLast Updated Date: Nov 28, 2022
Achiievers Equities has contributed a lot to the stockbroking business in India with its new thought process and innovation they bring to the table.
The company works to compete for integrity and responsibility towards its clients and the customers and has achieved a lot in the past 20 years of their service to the nation.
This article will enlighten you about every aspect of their business and how they run it and about their offerings and also detailed analysis of the aspects as well so that you can take an informed decision which is wise as well.
In this Achiievers Equities brokerage review, you will find all the details about the brokerage plans the firm provides, their offers on different occasions, services and products which they offer and many more.
Achiievers Equities Ratings & Reviews by Top10StockBroker
|Experience||6.5 / 10|
|Products & Services||6.2 / 10|
|Brokerage Charges & Fees||6.2 / 10|
|Stock Research & Advisory||6.4 / 10|
|Trading Platforms||6.3 / 10|
|Overall Ratings||6.3 / 10|
|Total Client Reviews||129|
The Achiievers Equities customer ratings say a lot about the company as a whole. As you can find the rating is always above the 6 points which say the company is above average and liked by the majority of the clients and customers who deal with this firm.
About Achiievers Equities
|Broker Type||Discount Broker|
|Headquarters||Kolkata, West Bengal|
Achiievers Equities started its journey in the year 1999 holding the founder member Suman Chakravarty’s hand.
It is a discount broker in the city of joy – Kolkata, West Bengal with branches all over the country. The company has been registered as a private limited company.
The broking house has its membership with most of the recognized exchanges in the country and thus you can trade in a variety of asset classes with this firm. The firm is registered with NSE, MCX, and BSE and that goes without saying but not only these three, but there are also members with USD, ACE as well.
The company’s motto is to become a full-service broker in the coming years and with that objective, they are providing exceptional services and products to the customers.
They are very driven and customer-centric and unique in their approach most of the time. Being a discount broker, it provides extensive advisory services and helps them plan their finances and investment which is rare to find with other discount brokers in the country.
The firm is now headed by Suman Chakravarty which is the Managing Director now and also the CEO. Beside him, there is Sumana Roy who is the Co-founder and the Executive Director of the company.
There is Debasis Bose who is the Non-executive Director. They along with their team strive every day to bring the best for the clients they have and the prospective clients.
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Achiievers Equities Brokerage Charges
|Brokerage Charge & Fees|
|Equity Delivery Trading||Rs.15 per executed order|
|Equity Intraday Trading||Rs.15 per executed order|
|Commodity Options Trading||Rs.15 per executed order|
|Equity Futures Trading||Rs.15 per executed order|
|Equity Options Trading||Rs.15 per executed order|
|Currency Futures Trading||Rs.15 per executed order|
|Currency Options Trading||Rs.15 per executed order|
|Demat AMC Charges||Free|
|Trading AMC Charges||Free|
|Margin Money||Zero Margin|
|Brokerage Calculator||Achiievers Equities Brokerage Calculator|
The Achiievers Equities brokerage charges are flat RS. 15 per transaction and the amount is the same across all the segments whether it is equity or the commodities or the derivatives.
The best part of trading with discount brokers is their brokerage charges which are incredibly low and in case of this firm, the charges are very nominal as you can see.
The minimum and the maximum amount being the same, so the volume of the transaction does not affect the brokerage you pay.
You can trade any quantity of stocks and other financial instruments and all you have to pay is Rs. 15 for the transaction.
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Achiievers Equities Charges
|Transaction Charges||0.00280% of Total Turnover|
|STT||0.0115% of Total Turnover|
|SEBI Turnover Charges||0.0002% of Total Turnover|
|Stamp Duty||Depends on State (very minimal)|
|GST||18% of ((Brokerage + Transaction Charges)|
These charges are as per the government’s guidelines and they fix the percentage of STT and SEBI turnover charges that have to be paid by the client for total turnover.
If you are trading with Achiievers Equities then you have to pay 0.00280% as the transaction charges on each of the transactions.
STT charges are 0.0115% and SEBI charges are 0.0002% on the total turnover as mentioned. The GST is to be computed on the cumulative sum of brokerage and transaction charges of one transaction and the percentage of GST is 18%.
The Stamp duty is also necessary and you have to pay the same as per the rate of stamp duty prevailing in the state you are trading from.
Achiievers Equities Demat Account Opening Fees
|Depository Source||CDSL & NSDL|
|Account Opening Charges||Rs.750|
|Demat AMC Charges||Free|
|Trading AMC Charges||Free|
|Margin Money||Zero Margin|
|Offline to Online||No|
For opening the Achiievers Equities Demat Account, you have to pay a one-time fee of Rs. 750 and then you can use the accounts – Demat and Trading for any time span until you close them.
The best part here is as you can see in the table there are no annual maintenance charges for the accounts.
Once the accounts are opened then you can use them for as long as you want and do not need to pay any AMC and this makes the accounts more attractive.
There is also no mandatory requirement for keeping margin money in the trading account.
Achiievers Equities Offers
|Free Demat Account||No|
|Free Trading Account||Yes|
|Discount on Brokerage||Yes|
|Trading Happy Hours||No|
|Flexible Brokerage Plans||Yes|
|1 Month Brokerage Free||No|
|Zero Brokerage for Loss Making Trades||No|
The Achiievers Equities offers are –
- AMC-free trading and Demat accounts
- No Margin Money requirement
- There are different discount offers provided from time to time to the clients to save brokerage
- There are flexible brokerage plans to suit various clients different needs
- You can also trade on the holidays at a discounted price
- Earn through referral program of the firm
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How to open Demat Account with Achiievers Equities?
If you want to open a trading and Demat account with Achiievers Equities, then you can apply online on their site where they have provision for online applications. You have to –
- Fill the form and upload the documents mentioned there. Fill the form with all necessary details and in a correct Then upload your income proof, bank statement, PAN card details, AADHAAR card details, and address proof.
- Once they receive the application, you will get the verification for further verification.
- Once verification is over and your application is approved by them you can expect to get your account details (log in) within a day or two.
They are soon to come up with AADHAAR-based online application which will take only 15 minutes to open your account as everything can be verified online within a few minutes using the AADHAAR.
They also do provide an option for offline verification which goes like this –
- You can download the form and print it from their site
- Fill it with the details required
- Submit it to them along with the KYC documents mentioned above
- And rests they will take care from there and help you get your account opened soon.
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Why Open Achiievers Equities Trading Account?
- Brokerage Plans: The first thing that one sees when they open a trading and Demat account is the amount of brokerage they have to pay for their trades. With Achiievers Equities, there is nothing to worry at this front as the low brokerage plans already pave the way for the clients to choose the broker.
- Account Type: Being a discount broker, they are offering a three-in-one account which is incredible at its first place. This is a great feature to make the fund transfer really safe and secure and smooth at the same time.
- Fund Transfer: Even though they have three-in-one account type, they also have facility and integration with forty other banks in the country for the fund transfer process. This makes transferring funds really an easy task for the clients. There is seamless integration between the banks and the trading accounts.
- NRI Trading Facilities: We hardly see few brokers in the country to provide NRI trading facility and those brokers are mostly traditional brokers. Here Achiievers Equities, a discount broker is providing the trading opportunity for the NRIs and that makes it really stand out.
- Margin against Shares: One of the crucial aspects of the brokerage houses is that they require you to maintain a certain level of margin money in the trading account. However, with Achiievers Equities, you can trade using your shares as the margin that you hold in the Demat account of yours.
- Research and Advisory Facility: There might be any Discount brokerage house who provides research and advisory facilities to the clients. This firm in their quest to become a full-service brokerage house is providing these facilities at a cost that is not even at par with the full-service brokers and that is incredible.
Achiievers Equities Products & Services
List of products & services provided to its clients
Achiievers Equities Products:
The brokerage house – Achiievers Equities is unique in every way and being a discount broker it provides all kind of products be it equities of all listed companies on the NSE and BSE, commodities on MCX and currencies and derivatives.
They offer mutual funds and SIP investment products as well which actually makes them stand out amongst the discount brokers.
Achiievers Equities Services:
|3 in 1 Account||No|
|Trading Exposure||Upto 5X|
The services offered by Achiievers Equities are Demat services and they are the depository participant of CDSL and NSDL both.
The trading facility with a varied trading platform is also offered. You can also get a stock recommendation and IPO services from Achiievers Equities.
Achiievers Equities Research, Advisory & Stock Tips
|Research & Advisory|
|Company Stock Review||No|
|Free Stock Tips||Yes|
|Daily Market Review||Yes|
The Achiievers Equities research and the advisory department provide various research report to facilitate the trading experience of the clients and the investors.
They provide fundamental reports, research reports to make the client aware of the stocks and companies they are tracking and whether and at what price they must invest in those stocks.
Apart from the reports, there are top picks of the day amongst the stocks which are recommended by the research department.
They also sent daily, monthly and weekly reports of the markets. Being a discount broker, providing research and advisory facility is a thing in itself and Achiievers Equities has been doing it all the while and with utmost dedication for the clients.
Achiievers Equities Exposure or Leverage
|Exposure / Leverage|
|Equity Delivery||Upto 2X|
|Equity Intraday||Upto 5X|
|Equity Futures||Upto 3X|
|Equity Options||Upto 3X|
|Currency Futures||Upto 2X|
|Currency Options||Upto 2X|
|Margin Calculator||Achiievers Equities Margin Calculator|
The Achiievers Equities provides a maximum of 5 times leverage on the cash segment which is comparatively a fair exposure if you see it from the discount brokers point of view.
For the other segments of delivery, Futures and options the exposure is between 2 to 3 times.
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Achiievers Equities Trading Platforms
|Desktop Platform – Windows||Yes|
|Desktop Platform – Mac||Yes|
|Desktop Browser Platform||Yes|
|Mobile Site Platform||No|
|Android App Platform||No|
|iOS App Platform||No|
|Windows App Platform||No|
|Other Mobile OS Platform||No|
|Real time Updates||Yes|
|Online MF Buy||Yes|
|Multi Account Management||No|
Achiievers Equities offers trading terminal and online trading platform of NSE NOW.
Achiievers Equities NSE NOW Trading Terminal:
This is as mentioned in the trading terminal from NSE and it is called as NSE NOW TRADER. It has –
- Real time updates across the segments
- Market watch – customizable
- Alerts on email as well to keep an eye on the market always and to trade using the best opportunity
- You can buy mutual funds units using this platform
- There are technical charts which have indicators and you can analyze those charts in the live market and predict the market movement.
Achiievers Equities Web Trading Platform – NSE ONLINE:
This is the online trading platform of the brokerage house which comes free of cost for every client of the firm. You have to just log in to start trading on this platform.
- You can use the technical indicators to track and analyze the market
- Set alerts on email for changes in price, volume in the market
- Different exchanges on which you can trade different assets
- Smooth and efficient platform and great for capturing the price you want
Achiievers Equities Mobile – Application based trading platform:
This platform is yet to be developed by the company.
Achiievers Equities Customer Support
|Toll Free Number||No|
Here is the list of support this broking company provides to their client
You can get the customer care service either by mailing them on their email id – email@example.com.
For making any complaints or sharing grievances you can mail on firstname.lastname@example.org.
You can all get on a call with them and discuss your queries and for the same, you can call on the toll-free number which is 18604203333.
They do have a helpdesk number as well which is 033-66063000.
They provide a solution related to any of your trading related queries.
Achiievers Equities Complaints & Feedback
Find the list of total complaints lodged & resolved at both the exchanges.
|Complaints (Current Year)|
|Lodged in BSE||18|
|Resolved in BSE||16|
|Lodged in NSE||25|
|Resolved in NSE||22|
Out of the 25 complaints which were received in the NSE last year, the firm resolved 22 and out of 18 on BSE they resolved 16.
This shows that they are dedicated to their customers and also try to help them genuinely and improve as well.
Achiievers Equities Disadvantages
- The brokerage plans are too many to confuse clients at some point in time
- For opening account, the fee is very high as per market price
- The research facility comes with a price tag.
Achiievers Equities Conclusion
Achiievers Equities is a discount broker and an aspiring full-service broker and this combination are really beneficial for the clients as they get services similar to a full-service broker’s service at the price of a discount broker.
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