Unlock Wealth Charges – Find Brokerage Charges, Account Opening Charges and more

In this article, you’ll get all minute details about the firm. We’ve mentioned Unlock Wealth charges and Unlock Wealth Demat Charges within the article. Furthermore, we’ve integrated multiple tables within the article. The tables specify every information there is about Unlock Wealth’s tax incursion.

This was done to enter the capital market, future and option segments. The broker has their main office is Kanpur and, the scarcity of many brokers from Kanpur gives them another benefit.

Here, we lay down information about the broker’s account opening and transaction charges. So, go ahead and read the entire article!

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Unlock Wealth Brokerage Charges

Unlock Wealth brokerage charges are imposed on all trading services provided by the firm. The table underneath lists the charge obligation:

Equity Delivery0.29%
Equity Intraday0.03%
Equity Futures0.03%
Equity OptionsRs.29 per Lot
Currency Futures0.03%
Currency OptionsRs.19 per Lot
Flat Monthly Fees, if anyNA

Unlock Wealth Charges

Unlock Wealth brokerages charges are a bit higher than some other firms in this sector. However, the charges are well justified given, their excellent customer service.

The table above provides all info on Unlock Wealth brokerage charges and, it is distinctively divided into twelve subsequent parts.

Each part specifies the applicable brokerage for a certain service. Equity Delivery trading is charged at rate of 0.29%. Equity Intraday, Equity Futures and Currency Futures trading are charged 0.03% each.

The Equity Options and Currency Option trading are charged at rate of Rs.29 and Rs.19 per lot respectively. The Demat AMC is levied at Rs.290 per annum. The traders are exempted from any sort of Trading AMCs.

Also, Unlock Wealth needs zero Margin Money balance. This means that the traders get to use trade exposures without having to worry about their account balance and, that makes Unlock Wealth unique and beneficial, especially when the market gets volatile.

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Unlock Wealth Account Opening Charges

Unlock Wealth Securities Limited is one of the smartest financial service providers. In fact, they embrace core trading values and technology very well. They’re an auxiliary company of U.P Stock and Capital Ltd and, that gives them a lot of leverage in terms of experience.

They were established in the year 2000. However, they’ve managed to still get celebrated as a grand full service broker. Directors of Unlock Wealth are Alok Tulsyan, followed by Ghanshyam Dwivedi, Arvind Kumar Jain, Sandeep Seth, and Kamal Raj Gupta.

The table beneath discloses all Unlock Wealth account opening charges. We’ve even elaborated the table for you to understand easily:

Trading Account Opening Charges [One Time]Rs.330
Trading AMC [Yearly]Free
Demat Account Opening Charges [One Time]Free
Demat AMC [Yearly]Rs.290 per Annum
Margin MoneyZero Margin
Brokerage CalculatorUnlock Wealth Brokerage Calculator
Margin CalculatorUnlock Wealth Margin Calculator

Unlock Wealth trading charges do not apply to the traders. Even Unlock Wealth AMC charges for Trading Accounts are zero and, so is their Demat Charges. This is means that all services related to trading is provided without any payment requirements.

However, the broker requires a payment of Rs.290 per annum. This is levied as Demat AMC from the clients and, that’s merely the tip of an ice berg. Real relaxation comes in terms of Margin Money requirements.

The broker does not have any specification in this matter. Thus means, customers can explore without worrying about any margin money limitation.

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Unlock Wealth Transaction Charges

Unlock Wealth transaction charges are merely balanced. They’re levied in a much lower rate than other firms and, this difference attracts lot of customers. List of services as provided by the broker is exhibited in table beneath:

Transaction Charges 20190.00290%
Equity Delivery0.00290%
Equity Intraday0.00290%
Equity Futures0.00290%
Equity Options0.00290%
Currency Futures0.00305%
Currency Options0.00290%

Transaction charges are levied in addition to brokerage charges and, they are applicable on every single transaction commenced by a trader. Unlock Wealth charges their traders with a uniform transaction rate.

The rate is limited to 0.00290% per transaction and, it is levied for all transactions under Equity Delivery, Equity Intraday, Equity Futures, Equity Options, Currency Futures, Currency Options and also Commodity Trading.

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Unlock Wealth Other Charges

The government has multiple policies in terms of trading and broking and, these policies require the brokerage firms to extract certain taxes. These charges are applicable to all financial service providers. However, it’s the traders who pay them eventually. Table below specifies Unlock Wealth charges:

SEBI Turnover Charges0.0002% of Total Turnover
STT0.0126% of Total Turnover
Stamp Duty0.002% – 0.004% – Depends on State
GST18% of (Brokerage + Transaction Charges)
Margin Funding Charges18% + GST
Reactivation ChargesRs.45 per Segment
Account Closure ChargesZero
Dematerialisation ChargesRs.45

The list above consists of different categories of services and the relevant charges and, they all fall under Unlock Wealth other charges domain. Primarily the SEBI Turnover Charges are charged at the rate of 0.0002% of total turnover.

Moving to the next category we have STT or Securities Transaction Tax. This is incurred at 0.126% of total turnover. Then comes Stamp Duty that varies with every state. It’s a minimal amount nonetheless.

GST is the next one. 18% of brokerage and transaction charges is charged as GST. Even the Margin Funds are charged with 18% plus GST. All these charges are levied on a unanimous rate. Moreover, trading accounts can be closed without any botheration. In fact, this even does not require payment of any sort.

Nonetheless reactivation of account is charged at Rs.50 per segment. Even, Dematerialization is done after incurring a charge of Rs.65. Although, it’s wise to get trade dematerialized for fast and easy transactions.

Unlock Wealth Charges – Conclusion

As per customer ratings, Unlock Wealth Securities is performing extremely well. Their services and products are customer friendly.

They even have very good relationship with their clients. The article described all the essential details that one needs to know before trading with Unlock Wealth.

It lays proper emphasis on all of Unlock Wealth charges. The list includes Unlock Wealth Demat charges, taxes and even account specific charges.

In short, we have only one thing to say. Unlock Wealth has an excellent reputation among customers and is a worthwhile company to try your hands on.

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