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 brokerage 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

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 ★★★☆☆
Total Client Reviews 156

 


About Goodwill Wealth

Company Type Private
Broker Type Full Service Broker
Headquarters Chennai, Tamil Nadu
Founder GANDHIMATHI BASKARAN
Established Year 2008

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

Fill Your Details Here
  1. Open Demat Account

Goodwill Wealth Brokerage Charges

Equity Delivery Trading 0.1% – 0.2%
Equity Intraday Trading 0.01% – 0.02%
Commodity Options Trading 0.01% – 0.02%
Equity Futures Trading 0.01% – 0.02%
Equity Options Trading Rs.10 – Rs.20 per Lot
Currency Futures Trading 0.01% – 0.02%
Currency Options Trading Rs.7 – Rs.10 per Lot
Minimum Brokerage Percentage of Transaction
Demat AMC Charges Rs.333 per Annum
Trading AMC Charges Rs.230 per Annum
Margin Money Zero Margin
Brokerage Calculator Goodwill 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 Charges 0.00333%
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 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 Source CDSL & NSDL
Account Opening Charges Zero
Demat AMC Charges Rs.333 per Annum
Trading AMC Charges Rs.230 per Annum
Margin Money Zero Margin
Offline to Online Yes

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 Account No
Free Trading Account No
Discount on Brokerage Yes
Trading Happy Hours No
Flexible Brokerage Plans Yes
1 Month Brokerage Free No
Holiday Offers No
Referral Offers No
Zero Brokerage for Loss Making Trades No

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 Securities Farsight Securities GEPL Capital HEM Securities
Elite Wealth Fast Capital Markets Globe Capital HSE Securities
Emkay Global Findoc Investmart Gogia Capital IFCI 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 Goodwill Wealth 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 Trading Yes
Commodity Trading Yes
Currency Trading Yes
Options Yes
Futures Yes
Mutual Funds Yes
Forex No
Banking No
SIP Yes
Insurance Yes

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 wellbeing of its investors.

Goodwill 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 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 Reports No
Research Reports No
Company Reports No
Annual Reports No
Company Stock Review No
Free Stock Tips Yes
IPO Reports Yes
Top Picks Yes
Daily Market Review Yes
Monthly Reports Yes
Weekly Reports Yes
Offline Advisory Yes
Relationship Manager Yes

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 Delivery Upto 2X
Equity Intraday Upto 5X
Equity Futures Upto 2X
Equity Options Upto 5X
Currency Futures Upto 2X
Currency Options Upto 3X
Commodities Upto 5X
Margin Calculator Goodwill 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 – 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

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 of Goodwill Wealth

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 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 40

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 BSE 0
Resolved in BSE 0
Lodged in NSE 1
Resolved in NSE 1

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:

  • Goodwill Wealth 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.


Open Demat Account with Goodwill Wealth

Fill Your Details Here
  1. Open Demat Account

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