Elite Wealth Review, Brokerage Charges, Demat Account & more

Elite 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 offers

Elite Wealth Customer Ratings & Review

Products & Services3.4/5
Brokerage Charges & Fees3.3/5
Stock Research & Advisory2.6/5
Trading Platforms2.4/5
Overall Ratings2.7/5
Star Ratings★★★☆☆
Total Client Reviews62


About Elite Wealth

Company TypePrivate
Broker TypeFull Service Broker
HeadquartersNew Delhi, Delhi
FounderRavinder Prakash Seth
Established Year1990

Elite Wealth 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

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  1. Open Demat Account

Elite Wealth Brokerage Charges

Equity Delivery Trading0.33%
Equity Intraday Trading0.03%
Commodity Options Trading0.03%
Equity Futures Trading0.03%
Equity Options TradingRs.33 per Lot
Currency Futures Trading0.03%
Currency Options TradingRs.33 per Lot
Minimum BrokeragePercentage of Transaction
Demat AMC ChargesRs.333 per Annum
Trading AMC ChargesFree
Margin MoneyMinimum Rs.5,000
Brokerage CalculatorElite 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 Charges0.00300%
STT0.0126% of Total Turnover
SEBI Turnover Charges0.0002% of Total Turnover
Stamp DutyDepends on State (very minimal)
GST18% 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 SourceCDSL & NSDL
Account Opening ChargesRs.230
Demat AMC ChargesRs.333 per Annum
Trading AMC ChargesFree
Margin MoneyMinimum Rs.5,000
Offline to OnlineYes

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 AccountNo
Free Trading AccountYes
Discount on BrokerageYes
Trading Happy HoursNo
Flexible Brokerage PlansNo
1 Month Brokerage FreeNo
Holiday OffersYes
Referral OffersYes
Zero Brokerage for Loss Making TradesNo

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

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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

Fill Your Details Here
  1. Open Demat Account

Elite Wealth Products & Services

Here are the list of Products & Services provided by the broking company –

Products Offered by Elite Wealth:

Equity TradingYes
Commodity TradingYes
Currency TradingYes
Mutual FundsNo

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 ServicesYes
Trading ServicesYes
3 in 1 AcountNo
Intraday ServicesYes
IPO ServicesYes
Stock RecommendationsNo
Robo AdvisoryNo
Trading InstitutionNo
Trading ExposureUpto 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 ReportsNo
Research ReportsNo
Company ReportsNo
Annual ReportsNo
Company Stock ReviewNo
Free Stock TipsYes
IPO ReportsYes
Top PicksNo
Daily Market ReviewNo
Monthly ReportsNo
Weekly ReportsNo
Offline AdvisoryYes
Relationship ManagerYes

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 DeliveryUpto 2X
Equity IntradayUpto 6X
Equity FuturesUpto 2X
Equity OptionsUpto 6X
Currency FuturesUpto 4X
Currency OptionsUpto 2X
CommoditiesUpto 3X
Margin CalculatorElite 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 – WindowsYes
Desktop Platform – MacYes
Desktop Browser PlatformNo
Mobile Site PlatformNo
Android App PlatformYes
iOS App PlatformYes
Windows App PlatformNo
Other Mobile OS PlatformNo
Real time UpdatesYes
Portfolio DetailsYes
Online MF BuyNo
News FlashYes
Research ReportsNo
Easy InstallationNo
Global IndicesYes
Stock TipsYes
Personalized AdvisoryNo
Interactive ChartsNo
Live MarketsYes
SMS AlertsNo
Email AlertsYes
Multi Account ManagementNo

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 DealerNo
Offline TradingYes
Online TradingYes
24*7 SupportNo
Support NumberNA
Email SupportYes
Chat SupportNo
Toll Free NumberNo

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 BSE0
Resolved in BSE0
Lodged in NSE3
Resolved in NSE3

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

Fill Your Details Here
  1. Open Demat Account

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