Goodwill Wealth Review, Brokerage Charges, Demat Account & more

Goodwill Wealth came into existence in the year 2008 and since then it is providing the investors and traders with the necessary share broking services.

The article below is a Goodwill Wealth Review based on its performance over the years, its products and services, brokerage and other charges.

The article also includes direction to open a Demat account with the respective company and its benefits and many more details for the investors.

Goodwill Wealth offers


Goodwill Wealth Customer Ratings & Review

Experience2.5/5
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 Reviews156

 


About Goodwill Wealth

Company TypePrivate
Broker TypeFull Service Broker
HeadquartersChennai, Tamil Nadu
FounderGANDHIMATHI BASKARAN
Established Year2008

Goodwill Wealth Founded by Gandhimathi Bhaskaran in the year 2008, Goodwill Wealth provides various stockbroking services to the investors.

It is a full-service broker and privately held by company owners that have it’s headquartered in Chennai, Tamil Nadu.

The company is a member of NSE, BSE, MCX, and other national exchanges.


Open Demat Account with Goodwill Wealth

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    Goodwill Wealth Brokerage Charges

    Equity Delivery Trading0.1% – 0.2%
    Equity Intraday Trading0.01% – 0.02%
    Commodity Options Trading0.01% – 0.02%
    Equity Futures Trading0.01% – 0.02%
    Equity Options TradingRs.10 – Rs.20 per Lot
    Currency Futures Trading0.01% – 0.02%
    Currency Options TradingRs.7 – Rs.10 per Lot
    Minimum BrokeragePercentage of Transaction
    Demat AMC ChargesRs.333 per Annum
    Trading AMC ChargesRs.230 per Annum
    Margin MoneyZero Margin
    Brokerage CalculatorGoodwill Wealth Brokerage Calculator

    Goodwill Wealth brokerage charges are quite flexible which ranges from 0.1% to 0.2% for the equity delivery segment.

    The rate for currency and equity futures, equity intraday, and commodities trading are the same and within the range of 0.01% to 0.02%.

    The charges for trading options are – Rs. 10 to Rs. 20 for each lot of equity options and Rs. 7 to Rs. 10 for each of currency options.


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    Goodwill Wealth Other Charges

    Transaction Charges0.00333%
    STT0.0126% of Total Turnover
    SEBI Turnover Charges0.0002% of Total Turnover
    Stamp DutyDepends on State (very minimal)
    GST18% of (Brokerage + Transaction Charges)

    The mandatory charges over and above brokerage charges are STT charged at 0.0126% of the total turnover and 0.0002% of the same for SEBI turnover charges.

    The transaction charges are 0.00333% of a particular transaction. The stamp duty depends on the State from where the investor is trading and the GST is chargeable on brokerage and transaction cost at 18% rate.


    Goodwill Wealth Demat Account Opening Fees

    Depository SourceCDSL & NSDL
    Account Opening ChargesZero
    Demat AMC ChargesRs.333 per Annum
    Trading AMC ChargesRs.230 per Annum
    Margin MoneyZero Margin
    Offline to OnlineYes

    For opening Demat account with Goodwill Wealth you need not pay any amount as it is free.

    The charges for the account that you need to pay are the annual maintenance charges at Rs. 333 for the Demat account and Rs. 230 for the trading account. The company asks for no margin money requirement.


    Goodwill Wealth Offers

    Free Demat AccountNo
    Free Trading AccountNo
    Discount on BrokerageYes
    Trading Happy HoursNo
    Flexible Brokerage PlansYes
    1 Month Brokerage FreeNo
    Holiday OffersNo
    Referral OffersNo
    Zero Brokerage for Loss Making TradesNo

    You can avail various offers of Goodwill Wealth which are –

    • Discounted brokerage fees
    • Brokerage plans are quite flexible
    • Free account opening

    To know about offers of other stock brokers check below

    Dealmoney SecuritiesFarsight SecuritiesGEPL CapitalHEM Securities
    Elite WealthFast Capital MarketsGlobe CapitalHSE Securities
    Emkay GlobalFindoc InvestmartGogia CapitalIFCI Financial

    How to Open a Demat Account with Goodwill Wealth?

    For Demat account opening with Goodwill Wealth you need –

    • Click on Open Demat Account button below & Fill the application form with your details.
    • The executives will call and schedule a meeting for verification purpose
    • Your KYC documents have to be handed over to them like – PAN, AADHAAR card, Voter ID, Address proof and other details
    • Once your documents and application get approved, you will be provided with the login credentials of your account.

    Why Open Goodwill Wealth Trading Account?

    The various reasons to open trading account with Goodwill Wealth are –

    • There is no margin money requirement
    • Variety of products and services
    • Very cheap brokerage charges
    • Free Demat and trading account opening
    • Research and advisory services provided by the broker

    Get a Call back from Goodwill Wealth

      Fill Your Details Here
      1. Open Demat Account

      Goodwill Wealth Products & Services

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

      Products Offered by Goodwill Wealth:

      Equity TradingYes
      Commodity TradingYes
      Currency TradingYes
      OptionsYes
      FuturesYes
      Mutual FundsYes
      ForexNo
      BankingNo
      SIPYes
      InsuranceYes

      As a share broker, Goodwill Wealth products obviously includes the basic financial products like equity, commodities, derivative and currency derivatives as well.

      As a financial service company, it also includes Mutual funds, SIP investment products, and insurance products for the well-being of its investors.

      Goodwill Wealth Service Offerings:

      Demat ServicesYes
      Trading ServicesYes
      3 in 1 AcountNo
      Intraday ServicesYes
      IPO ServicesYes
      Stock RecommendationsNo
      Robo AdvisoryNo
      PMSNo
      Trading InstitutionNo
      Trading ExposureUpto 5X

      The Goodwill Wealth services includes the must like intraday trading facilities, Demat and trading facilities as well as Initial public offering services.


      Goodwill Wealth Research, Advisory and Stock Tips

      Fundamental ReportsNo
      Research ReportsNo
      Company ReportsNo
      Annual ReportsNo
      Company Stock ReviewNo
      Free Stock TipsYes
      IPO ReportsYes
      Top PicksYes
      Daily Market ReviewYes
      Monthly ReportsYes
      Weekly ReportsYes
      Offline AdvisoryYes
      Relationship ManagerYes

      Goodwill Wealth Research team provides the clients with free stock tips across different company’s shares and stocks, daily, weekly and monthly reports of the stocks that the investor’s trade. The research team also supply information about the top stocks of the day.

      The Goodwill Wealth advisory team dedicates its effort to help the clients offline as well with necessary advises that they seek. Clients can directly deal with the relationship offices about their queries related to trading.


      Goodwill Wealth Exposure or Leverage

      Equity DeliveryUpto 2X
      Equity IntradayUpto 5X
      Equity FuturesUpto 2X
      Equity OptionsUpto 5X
      Currency FuturesUpto 2X
      Currency OptionsUpto 3X
      CommoditiesUpto 5X
      Margin CalculatorGoodwill Wealth Margin Calculator

      Leveraging holds utmost importance in share market especially when going for big deals. With Goodwill Wealth exposure level you can expect up to 5-times leverage for the segments like equity intraday, equity options, and commodities.

      The currency options are leveraged up to 3 times while the rest like equity delivery, equity futures, and currency futures have an exposure of a maximum 2 times.


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      Goodwill Wealth Trading Platforms

      The Goodwill Wealth trading platforms range from the trading terminal to a mobile app-based platform.

      This enables the investors and clients of the company to trade and monitor their portfolio whenever and wherever they want.

      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

      Goodwill Wealth Trading Terminal:

      This is a desktop-based trading terminal which is actually a software that an investor on opening the account with Goodwill Wealth needs to download from their website.

      The trading terminal works both on Mac and Windows operating system without any glitches.

      • The terminal is quite advanced and smooth
      • It helps the investors to book the price they want with its quick trades
      • The interface is quite advanced and user-friendly
      • Portfolio details can be added to the screen and tracked thoroughly with the market movements
      • It provides real-time updates as any other trading terminal
      • Various stock market indices you can find on the terminal to follow and there are various stock tips from the analysts of the research team

      Goodwill Wealth Web-based Trading Platform

      The web-based platform for both desktop and mobile have yet to be developed by Goodwill Wealth.

      Goodwill Wealth Mobile Trading App

      • The Android and iOS based application helps you to trade even when you are traveling
      • It also has all the updates, real-time data of the market and lives market right in front of your mobile screen application
      • Global indices are there on the application
      • Like on the trading terminal, you can also add your portfolio on the mobile application and track it
      • Set email alerts for every update and deals

      Goodwill Wealth Customer Care

      Dedicated DealerNo
      Offline TradingYes
      Online TradingYes
      24*7 SupportNo
      Support NumberNA
      Email SupportYes
      Chat SupportNo
      Toll Free NumberNo
      Branches40

      Goodwill Wealth customer care centers are all across the country, it has around 40 branches. The customer care service is available via email support, online and offline mode as well.


      Goodwill Wealth Complaints and Feedback

      Find the list of complaint against Goodwill Wealth –

      Lodged in BSE0
      Resolved in BSE0
      Lodged in NSE1
      Resolved in NSE1

      As per last year’s data, only one complaint was lodged against Goodwill Wealth on NSE which was resolved as well.

      The percentage of complaints received on exchanges if you compare it with the number of active clients of the company it is only 0.01% which is negligible.


      Goodwill Wealth Disadvantages:

      Below mentioned is the list of cons of Goodwill Wealth:

      • The broking house provides minimum offers to the clients
      • The exposure level is not so high compared to its peers
      • Research services do not include annual company reports which are crucial

      Goodwill Wealth Conclusion

      Goodwill Wealth within its one decade of the journey has reached many places and have a great clientele. With its dedicated services and variety of products, the company is creating a niche for itself.


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