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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

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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  1. Open Demat AccountBecome Sub Broker

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

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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

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  1. Open Demat AccountBecome Sub Broker

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 wellbeing 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 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 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:

  • 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 AccountBecome Sub Broker

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