Elite Wealth Review, Brokerage Charges, Demat Account & more
Last Updated Date: Dec 01, 2022Elite Wealth being a private company is in this industry from two decades. They have vast experience.
In this article, we are going to discuss about Elite Wealth review, its brokerage charges, demat account, trading platforms, offers & more.
Elite Wealth Ratings & Review by Top10StockBroker
| Experience | 2.5/5 |
| Products & Services | 3.4/5 |
| Brokerage Charges & Fees | 3.3/5 |
| Stock Research & Advisory | 2.6/5 |
| Trading Platforms | 2.4/5 |
| Overall Ratings | 2.7/5 |
| Star Ratings | ★★★☆☆ |
About Elite Wealth
| Company Type | Private |
| Broker Type | Full Service Broker |
| Headquarters | New Delhi, Delhi |
| Founder | Ravinder Prakash Seth |
| Established Year | 1990 |
Elite Wealth is a full-service broker located in New Delhi which has abundant experience of 19 years.
Ravinder Prakash Seth founded it in 1990. Elite Wealth is a private company which provides full brokerage services.
Open Demat Account with Elite Wealth
Elite Wealth Brokerage Charges
| Equity Delivery Trading | 0.33% |
| Equity Intraday Trading | 0.03% |
| Commodity Options Trading | 0.03% |
| Equity Futures Trading | 0.03% |
| Equity Options Trading | Rs.33 per Lot |
| Currency Futures Trading | 0.03% |
| Currency Options Trading | Rs.33 per Lot |
| Minimum Brokerage | Percentage of Transaction |
| Demat AMC Charges | Rs.333 per Annum |
| Trading AMC Charges | Free |
| Margin Money | Minimum Rs.5,000 |
| Brokerage Calculator | Elite Wealth Brokerage Calculator |
The brokerage charges of Elite Wealth are different for each outstanding section. For Equity Delivery Trading, the cost is 0.33%.
The charges for Equity Intraday Trading, Commodity Options Trading, currency future trading, and Equity Future Trading are 0.03%.
The Equity Options trading is Rs.33 per lot. The currency options Trading is Rs.33 per lot. The cost for Demat AMC is Rs.333 per annum and Trading AMC charges are free. It offers the margin money of minimum Rs.5000.
Depending on the plan and the deposit, the brokerage charges might differ.
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Elite Wealth Other Charges
| Transaction Charges | 0.00300% |
| STT | 0.0126% of Total Turnover |
| SEBI Turnover Charges | 0.0002% of Total Turnover |
| Stamp Duty | Depends on State (very minimal) |
| GST | 18% of (Brokerage + Transaction Charges) |
The transaction charges are 0.00400%, and STT charges are 0.0126 of total turnover.
The SEBI turnover charges are 0.0002% of the total turnover. The stamp duty is minimal, and the GST rate is 18%.
Elite Wealth Demat Account Opening Fees
| Depository Source | CDSL & NSDL |
| Account Opening Charges | Rs.230 |
| Demat AMC Charges | Rs.333 per Annum |
| Trading AMC Charges | Free |
| Margin Money | Minimum Rs.5,000 |
| Offline to Online | Yes |
The depository source for Elite Wealth is CDSL and NDSL. The account opening charges are Rs.230 and Demat AMC charges are Rs.333 per annum and Trading AMC charges are nil.
The margin money is of minimum Rs.5000 and it can be converted from offline to online.
Elite Wealth Offers
| Free Demat Account | No |
| Free Trading Account | Yes |
| Discount on Brokerage | Yes |
| Trading Happy Hours | No |
| Flexible Brokerage Plans | No |
| 1 Month Brokerage Free | No |
| Holiday Offers | Yes |
| Referral Offers | Yes |
| Zero Brokerage for Loss Making Trades | No |
Elite Wealth provides a variant range of offers for its customers. Some of them are listed below:
- Free Account Trading
- Discount on Brokerage
- Holiday offers
- Referral offers
To know about offers of other stock brokers check below
How to Open a Demat Account with Elite Wealth?
It has become a standard procedure to do KYC on almost all platforms and this one is no exception. Follow these steps for successful opening of Demat Account.
- Click on the Open Demat Account button below & fill up the pop-up form
- Upon email verification, they will ask to submit KYC documents
- KYC documents here to submit are Aadhar card, PAN card, documents for identification and address proof and photograph
- After this, one of the agents from the company will contact for in-person verification
- This completing all these steps will make your demat account active and users can start trading
Why Open Elite Wealth Trading Account?
These are some of the reasons to open a trading account with this Company.
- Nominal fees
- Many offers like Brokerage discounts and referral offers
- Lot of products and services available to users
- Trading software and app cover all major platforms
Get a Call back from Elite Wealth
Elite Wealth Products & Services
Here are the list of Products & Services provided by the broking company –
Products Offered by Elite Wealth:
| Equity Trading | Yes |
| Commodity Trading | Yes |
| Currency Trading | Yes |
| Options | Yes |
| Futures | Yes |
| Mutual Funds | No |
| Forex | Yes |
| Banking | No |
| SIP | No |
| Insurance | Yes |
Elite wealth comes up with different products for its customers which are listed as follows:
- Equity Trading
- Commodity Trading
- Currency Trading
- Options
- Futures
- Forex
- Insurance
Elite Wealth Service Offerings:
| Demat Services | Yes |
| Trading Services | Yes |
| 3 in 1 Acount | No |
| Intraday Services | Yes |
| IPO Services | Yes |
| Stock Recommendations | No |
| Robo Advisory | No |
| PMS | No |
| Trading Institution | No |
| Trading Exposure | Upto 6X |
They provide the best trading solutions to their investors.
Elite Wealth comes up with numerous services in order to attract its customer and to ease out brokerage services which make Elite Wealth an attractive company to deal with.
Here is the list of vibrant services provided by the company:
- Demat services
- Trading Services
- Intraday Services
- IPO services
Along with the above, the stock broker offers a trading exposure upto 6X.
Elite Wealth Research, Advisory and Stock Tips
| Fundamental Reports | No |
| Research Reports | No |
| Company Reports | No |
| Annual Reports | No |
| Company Stock Review | No |
| Free Stock Tips | Yes |
| IPO Reports | Yes |
| Top Picks | No |
| Daily Market Review | No |
| Monthly Reports | No |
| Weekly Reports | No |
| Offline Advisory | Yes |
| Relationship Manager | Yes |
For the purpose of convenience to brokers, brokerage service companies usually come up with such services in which they provide advice and research facilities for its customer in some particular topics and so does Elite Wealth.
Following research and advisory services are provided by the company:
- Free stock tips
- IPO reports
- Offline advisory
- Relationship manager
Elite Wealth Exposure or Leverage
| Equity Delivery | Upto 2X |
| Equity Intraday | Upto 6X |
| Equity Futures | Upto 2X |
| Equity Options | Upto 6X |
| Currency Futures | Upto 4X |
| Currency Options | Upto 2X |
| Commodities | Upto 3X |
| Margin Calculator | Elite Wealth Margin Calculator |
The leverage provided by the broking house is kind of above average and is listed below:
- Equity Delivery Upto 2X
- Equity Intraday Upto 6X
- Futures Upto 2X
- Options Upto 6X
- Currency Futures Upto 4X
- Currency Options Upto 2X
- Commodities Upto 3X
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Elite Wealth Trading Platforms
Elite Wealth comes up with the following trading platforms for brokerage services:
- Trading Terminal for both windows and Mac.
- Mobile app for Android as well as iOS users
| Desktop Platform – Windows | Yes |
| Desktop Platform – Mac | Yes |
| Desktop Browser Platform | No |
| Mobile Site Platform | No |
| Android App Platform | Yes |
| iOS App Platform | Yes |
| Windows App Platform | No |
| Other Mobile OS Platform | No |
| Real time Updates | Yes |
| Portfolio Details | Yes |
| Online MF Buy | No |
| News Flash | Yes |
| Research Reports | No |
| Easy Installation | No |
| Global Indices | Yes |
| Stock Tips | Yes |
| Personalized Advisory | No |
| Interactive Charts | No |
| Live Markets | Yes |
| SMS Alerts | No |
| Email Alerts | Yes |
| Multi Account Management | No |
Elite Wealth Trading terminal:
After successful registration, now it is the time for users to start trading. People can download software for both platforms Windows and Mac from the official site.
You should log in with your credentials to download this software.
Elite Wealth Mobile Trading App:
Elite Wealth Company are providing free android and IOS apps. The process will be the same. The UI is designed in a way so that options and navigation is all user friendly to mobile users.
The working and advantages remain the same like email alerts, real time updates, weekly reports and so on.
Elite Wealth Customer Care
| Dedicated Dealer | No |
| Offline Trading | Yes |
| Online Trading | Yes |
| 24*7 Support | No |
| Support Number | NA |
| Email Support | Yes |
| Chat Support | No |
| Toll Free Number | No |
| Branches | 15 |
Elite Wealth has set down certain guidelines in order to provide well and efficient customer support which is very significant for the brokerage companies.
The company does its best to perform well for the customers and remain totally intact for the purpose of it.
Following customer services are provided by Elite Wealth to build up a good chain of customer support:
- Offline trading
- Online trading
- Email support
Also, the stock broker owns 15 branches for any face-to-face instant support or contact in different regions. They are best known for providing Equity Trading and known for its advisors expertise on stock markets.
Elite Wealth Complaints and Feedback
Find the list of complaint below –
| Lodged in BSE | 0 |
| Resolved in BSE | 0 |
| Lodged in NSE | 3 |
| Resolved in NSE | 3 |
In order to provide a crystal clear review for the company, it is important to recognize the areas of default within and here are the customer complaints drafted with the respective fields of problem.
There were 0 complaints in BSE, and 3 were lodged in NSE which were resolved successfully.
Elite Wealth Disadvantages:
There are a few disadvantages working with this company and are as follows.
- Flexible Brokerage plans is not available
- The broking house don’t provide stock recommendations
- No Research and Annual reports
- Web platform is not available
Elite Wealth Conclusion
With more than 1.1 million client bases, Elite Wealth has become the 1st choice of various investors across all the sectors.
The company thus keep evolving and use offers to attract more clients.
Open Demat Account with Elite Wealth
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