Maheshwari Financial Review, Brokerage Charges, Demat Account & more
Last Updated Date: Dec 01, 2022Maheshwari Financial Services is one of India’s leading broking and financial services organizations. Presently they have membership of all major stock exchanges.
A review in detail of Maheshwari Financial Services which will help you in knowing each and everything about their Offers, Brokerage Plans to Trading Platforms, and Exposure, and obviously about the Products & more is illustrated here below for your perusal.
Maheshwari Financial 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 | ★★★☆☆ |
It is clearly visible from the table that the performance of Maheshwari Financial Services is extremely super duper in each category.
The scores of their ratings are self explanatory and expressing assurance that you would be partnering for investments with safe hands.
About Maheshwari Financial
Company Type | Public |
Broker Type | Full Service Broker |
Headquarters | New Delhi |
Founder | Suneet Kumar Maheshwari |
Established Year | 1995 |
Maheshwari Financial Services is a Public company in nature and was established in the year 1995 by Mr. Suneet Kumar Maheshwari. Their registered office is in New Delhi.
They offer a wide range of financial services that encompasses each and every sphere of life.
They aim to cater to the diverse financial needs of individuals and corporate sector. This Full Service Broker serves the needs of its clients in an ever-changing environment.
Open Demat Account with Maheshwari Financial
Maheshwari Financial Brokerage Charges
Maheshwari Financial Services is a rampant merchant in the finance sector. The brokerage charges claimed by them are very fairly priced. Their Brokerage details are here under:
Equity Delivery Trading | 0.51% |
Equity Intraday Trading | 0.05% |
Commodity Options Trading | 0.05% |
Equity Futures Trading | 0.05% |
Equity Options Trading | Rs.51 per Lot |
Currency Futures Trading | 0.05% |
Currency Options Trading | Rs.31 per Lot |
Minimum Brokerage | Percentage of Transaction |
Demat AMC Charges | Rs.310 per Annum |
Trading AMC Charges | Free |
Margin Money | Minimum Rs.15,100 |
Brokerage Calculator | Maheshwari Financial Brokerage Calculator |
Maheshwari Financial Services brokerage is comparatively high as you can see from the above written table. The charges for delivery of equities is 0.51% which is too high compares to the market.
Charges for the other segments as well is high at 0.05% for the remaining segments as mentioned in the table.
The charges for each lot of options is Rs. 51 for the equity options and Rs. 31 for the currency options which is also one of the highest for the segment if compared to the peers.
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Maheshwari Financial Other Charges
Transaction Charges | 0.00% |
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) |
A couple of other charges towards Transaction, SEBI Turnover charges, Stamp Duty and GST will also be required to be paid to Maheshwari Financial Services in addition to the brokerage charges at time of trading.
They levy a transaction charge of 0.00310% to their investors. The other charges like STT, SEBI Turnover Charges, Stamp Duty and GST are as per the fixed guidelines set by the government.
Maheshwari Financial Demat Account Opening Fees
Depository Source | CDSL & NSDL |
Account Opening Charges | Rs.310 |
Demat AMC Charges | Rs.310 per Annum |
Trading AMC Charges | Free |
Margin Money | Minimum Rs.15,100 |
Offline to Online | Yes |
You can open your account at Rs. 310 only with this broker. The charge towards AMC fees from this Full service broking house is Rs. 310 per year for the Demat account.
An amount of Rs. 15,100 is the Margin Money demanded by Maheshwari Financial Services which is a moderate amount as compared to the market.
Maheshwari Financial Offers
Free Demat Account | No |
Free Trading Account | Yes |
Discount on Brokerage | Yes |
Trading Happy Hours | No |
Flexible Brokerage Plans | Yes |
1 Month Brokerage Free | No |
Holiday Offers | Yes |
Referral Offers | No |
Zero Brokerage for Loss Making Trades | No |
This broker offers a free Trading account to their investors. They also provide Discount on Brokerage and Flexible Brokerage Plans.
You can also take the benefits given by them on Holiday Offers.
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How to Open a Demat Account with Maheshwari Financial?
In order to open a Demat Account with Maheshwari Financial Services you got to go and visit any of their nearby branch office and meet their executives who will guide you on how to proceed further.
- You can also opt for online application by filling up the the form.
- Click on the green Open Demat Account button.
- Make sure all the details mentioned by you are correct
- Make sure you upload the scan copies of all the KYC documents asked in the form. There has to be PAN, voter id, address proof and now AADHAAR is mandatory.
- After uploading, wait you will receive a call from their executives for further verification
- Once verification is done, and your application gets approved then you can expect to receive the login details of your account within few hours.
Why Open Maheshwari Financial Trading Account?
As we all know that the role of a Demat Account is to safely hold our shares. However, a Trading Account enables one to Trade in the stock market.
It is impossible to trade stocks without having a Trading Account. Maheshwari Financial Services provides a bouquet of hassle free and easy trading platforms to help you trade better.
- This Broking Company recognizes and values the financial goals of their customers and provides them with comprehensive solutions for all their financial needs.
- Their expert research team provides a wide range of daily tips that are helpful in making wise trading decisions.
- They provide Risk-free, prompt and efficient service.
- This Broking Company has competitive transaction charges.
- They offer Personalized / attentive services by trained help desk.
Get a Call back from Maheshwari Financial
Maheshwari Financial Products & Services
Listed here below are the Products & Services provided by Maheshwari Financial Services
Products Offered by Maheshwari Financial
Equity Trading | Yes |
Commodity Trading | Yes |
Currency Trading | Yes |
Options | Yes |
Futures | Yes |
Mutual Funds | Yes |
Forex | No |
Banking | No |
SIP | Yes |
Insurance | Yes |
You can get to trade equities, commodities, currencies, and every other products mentioned on the table above. This assures that you do not have to seek for other brokers who trades in different products as you get all the products under one roof.
This enables you to invest in different asset classes which helps in diversifying your investment and reap higher profits and reducing your risk.
Maheshwari Financial Service Offerings
Demat Services | Yes |
Trading Services | Yes |
3 in 1 Account | No |
Intraday Services | Yes |
IPO Services | Yes |
Stock Recommendations | Yes |
Robo Advisory | No |
PMS | No |
Trading Institution | No |
Trading Exposure | Upto 5X |
In order to help you in enhancing your trading experience Maheshwari Financial Services offers extensive guidance in the exciting world of shares with immense investment tools & services.
They offer Demat services being the depository participants of the both depositories we have in our country and that is CDSL and NSDL. They offer trading services with intraday trading as well.
Though they do not provide three in one account which includes the banking services as well but you can do good as it has tie up with major banks so your transaction won’t be a problems with this broker.
Maheshwari Financial Research, Advisory and Stock Tips
Fundamental Reports | No |
Research Reports | Yes |
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 |
This stockbroker is known for sending useful information in form of reports to their clients from time to time. These reports are of great help to the users for having a better understanding of the market.
The research team provides free stock tips every day for the clients, they have weekly and monthly reports on stocks and markets and many other services as you can make out from the above table.
In addition to the reports Maheshwari Financial Services also offers the services of a Relationship Manager to their customers.
This ensures that the clients get to trade with complete awareness of the market. They do not have to seek help from other analysts for trading.
Maheshwari Financial Exposure or Leverage
Equity Delivery | Upto 2X |
Equity Intraday | Upto 5X |
Equity Futures | Upto 2X |
Equity Options | Upto 4X |
Currency Futures | Upto 3X |
Currency Options | Upto 2X |
Commodities | Upto 2X |
Margin Calculator | Maheshwari Financial Margin Calculator |
The highest leverage provided by this Full Service Broker to its clients is up to 5times for the equity intraday segment.
You can get up to 4 times and 3 times exposure for the equity options and currency futures segment respectively. For the rest of the segments the maximum leverage to expect is two times.
This speaks about the leverage being so low and it is difficult to trade with such low leverage at times.
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Maheshwari Financial Trading Platforms
The table here below will give you the detailed information about the different types of trading platforms offered by Maheshwari Financial Services to its consumers.
Desktop Platform – Windows | Yes |
Desktop Platform – Mac | Yes |
Desktop Browser Platform | Yes |
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 | Yes |
News Flash | Yes |
Research Reports | No |
Easy Installation | Yes |
Global Indices | Yes |
Stock Tips | No |
Personalized Advisory | No |
Interactive Charts | Yes |
Live Markets | Yes |
SMS Alerts | Yes |
Email Alerts | Yes |
Multi Account Management | No |
Maheshwari Financial Services Trading Terminal
The features of this platform are as follow –
- It is accessible on Windows and MAC operating system. You just need to download the application (software) and you are good to go. You can start trading once it is installed on your system. The process of installation is easy.
- There is market watch facility
- Trading terminal has the technical indicators which you can use to predict the market direction
- There is global indices which you can track
- The charts and indicators makes the life of the trader easy
Maheshwari Financial Services Web Trading Platform
This platform offers –
- Quick trading
- Interactive charts and technical indicators
- Live market which is helpful in tracking your portfolio in the real time
- Email and SMS alerts facility is also there
- You can buy mutual funds units using this platform as well
Maheshwari Financial Services Mobile Trading App
This platform offers –
- Trading across various exchanges
- Mutual funds units can be purchased
- You can trade with different order types
- Technical charts
- Alerts for trading updates
Maheshwari Financial Customer Care
This broking company offers the following networks of communications to its users
Dedicated Dealer | Yes |
Offline Trading | Yes |
Online Trading | Yes |
24*7 Support | No |
Email Support | Yes |
Chat Support | No |
Toll Free Number | No |
Branches | 920 |
You can seek support from this broker in relation to a Dedicated Dealer as well as Offline and Online trading. They also provide Email Support to their customers.
This broker has 920 Branches in total numbers that are evenly spread-out in various parts of the country
Maheshwari Financial Complaints and Feedback
The list of complaints against Maheshwari Financial Services are mentioned here below in the table
Lodged in BSE | 0 |
Resolved in BSE | 0 |
Lodged in NSE | 2 |
Resolved in NSE | 2 |
Percentage of No. of Complaints Received Against Number of Active Clients | 0.01 |
Zero grievances have been lodged till date in the year 2018-19 against Maheshwari Financial Services in BSE.
Only 2 complaints were lodged in NSE and the same were addressed and sorted immediately. 0.01 % is the percentage of number of complaints received by them against their active number of clients.
Maheshwari Financial Disadvantages
Here are the few cons of the broking hosue –
- There is no annual reports or company reports provided by the research team
- The clients cannot get the benefit of round the clock customer support
Maheshwari Financial Conclusion
Maheshwari Financial Services is a comprehensive investment solution organization offering its clients a range of financial products.
This professionally managed company has a team with outstanding managerial acumen and cumulative experience in the financial markets.
This Full Service Broker works towards expanding and developing models to serve the needs of different investors.
Get the most useful and ethical investment solutions from the team with diverse talent pool of Maheshwari Financial Services that is loaded with rich experience from across the industry.
Open Demat Account with Maheshwari Financial
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