Maverick Brokers Review, Brokerage Charges, Demat Account & more

Maverick Brokers is a full-service broker and is most preferable company among the people.

This article is about Maverick Brokers review with an in-depth analysis of the company like its brokerage charges, offers, demat account opening process, trading platforms, customer care service & more.


Maverick Brokers Customer Ratings & Review

Experience 2.9/5
Products & Services 3.4/5
Brokerage Charges & Fees 3.1/5
Stock Research & Advisory 3.3/5
Trading Platforms 2.9/5
Overall Ratings 3.2/5
Star Ratings ★★★☆☆
Total Client Reviews 266

 


About Maverick Brokers

Company Type Private
Broker Type Full Service Broker
Headquarters Jaipur, RJ
Founder Ramesh Kumar Mantri
Established Year 2000

Maverick Brokers Ramesh Kumar Mantri is the founder of Maverick Brokers company. They are established in the year 2000 and is a private company.

They are full-service broker and headquarters are located in Jaipur, Rajasthan.


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Maverick Brokers Brokerage Charges

Equity Delivery Trading 0.28%
Equity Intraday Trading 0.03%
Commodity Options Trading NA
Equity Futures Trading 0.03%
Equity Options Trading Rs.28 per Lot
Currency Futures Trading 0.03%
Currency Options Trading Rs.18 per Lot
Minimum Brokerage Percentage of Transaction
Demat AMC Charges Rs.150 per Annum
Trading AMC Charges Free
Margin Money Minimum Rs.1,000
Brokerage Calculator Maverick Share Brokers Brokerage Calculator

Maverick Brokerage charges are as follows. The company charges 0.28% for equity delivery trading, 0.03% for equity intraday trading and equity futures trading. They charge 0.03% for currency futures trading.

The company charges Rs. 150 per annum for opening Demat AMC account while opening a trading AMC account is free.

They offer Rs. 28 per lot for equity options trading and Rs. 18 per lot for currency options trading. A minimum of Rs. 1,000 margin money is required to start trading.


Maverick Brokers 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 company charges 0.00333% per each transaction.

They charge 0.0126% of total turnover for STT and 0.0002% of total turnover for SEBI turnover charges. GST charges, i.e., 18% includes both Transaction and Brokerage charges.

Stamp duty may differ depending on the state rules.


Find Brokerage Charges of other Full Service Brokers – 

Kotak Securities ICICI Direct Sharekhan India Infoline (IIFL)
Ventura Securities Marwadi Group Aditya Birla Money Motilal Oswal

Maverick Brokers Demat Account Opening Fees

Depository Source CDSL & NSDL
Account Opening Charges Rs.300
Demat AMC Charges Rs.150 per Annum
Trading AMC Charges Free
Margin Money Minimum Rs.1,000
Offline to Online Yes

CDSL and NSDL are the two depository sources available to deposit money. The company charges Rs. 300 for opening a new account.

They charge Rs. 150 per annum for Demat AMC account and Trading AMC account is free to open. Minimum margin amount required is Rs. 1000 for starting trading.


Maverick Brokers 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 Yes
Holiday Offers No
Referral Offers No
Zero Brokerage for Loss Making Trades No

Maverick Brokers company offers to their clients and customers are as follows.

  • Free trading account
  • Discount on brokerage
  • One-month brokerage free
  • Flexible brokerage plans

How to Open a Demat Account with Maverick Brokers?

Interested people can follow these steps in order to open a Demat account in the company.

  • Start with clicking on the green button below which says “Open Demat Account”
  • A Pop-up form will appear, fill up your name, mobile no. & city so that Maverick executive can contact you.
  • Submit all the required documents to complete your KYC
  • Documents like your identify proof, photograph, address proof , PAN card will be required to upload while opening your account.
  • Once you are done with this, you will be registered with the firm, but the account won’t be active yet.
  • Within no time, you will get a call from one of the agents of the company about in-person verification
  • After this is done, Demat account will be activated, and you can start trading

Why Open Maverick Brokers Trading Account?

People who want to do trading are there to earn some money for themselves.

In this scenario, the software provided by the company should not malfunction at any cost. Customer service must be responsive. The company must be helpful and provide sufficient information to their users.

All these qualities apply to Maverick Brokers company. That’s why people should open a trading account with Maverick Brokers.


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Maverick Brokers Products & Services:

Here are the list of Products & Services provided by Maverick Brokers –

Products Offered by Maverick Brokers:

Equity Trading Yes
Commodity Trading No
Currency Trading Yes
Options Yes
Futures Yes
Mutual Funds No
Forex No
Banking No
SIP No
Insurance Yes

Maverick Brokers products are:

  • Equity trading
  • Currency trading
  • Options
  • Futures
  • Insurance

Maverick Brokers 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 6X

Maverick Brokers services are as follows.

  • Demat and trading services
  • IPO services
  • Intraday services
  • Trading exposure up to 6X

Check Products & Services offered by other Stock Brokers –

Angel Broking HDFC Securities Indiabulls Ventures  Just Trade
IDBI Direct  GCL Securities Arihant Capital Religare Securities

Maverick Brokers 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 No
Top Picks No
Daily Market Review No
Monthly Reports No
Weekly Reports No
Offline Advisory Yes
Relationship Manager Yes

The support provided by the company towards their users and clients are as follows.

  • Research reports
  • Offline Advisory
  • Relationship manager
  • Free stock tips

Maverick Brokers Exposure or Leverage

Equity Delivery Upto 2X
Equity Intraday Upto 6X
Equity Futures Upto 3X
Equity Options Upto 5X
Currency Futures Upto 2X
Currency Options Upto 4X
Commodities Upto 2X
Margin Calculator Maverick Brokers Margin Calculator

The exposure gained by products may vary and here are the details of how much exposure each product gets.

  • Equity Delivery up to 2X
  • Currency Futures up to 2X
  • Equity Futures up to 3X
  • Commodities up to 2X
  • Currency options up to 4X
  • Equity options up to 5X
  • Equity Intraday up to 6X

Maverick Brokers Trading Platforms

The trading platforms provided by the company are as follows –

Desktop Platform – Windows Yes
Desktop Platform – Mac No
Desktop Browser Platform Yes
Mobile Site Platform Yes
Android App Platform No
iOS App Platform No
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 Yes
Easy Installation Yes
Global Indices Yes
Stock Tips Yes
Personalized Advisory No
Interactive Charts Yes
Live Markets Yes
SMS Alerts Yes
Email Alerts Yes
Multi Account Management No

Maverick Brokers Trading terminal:

The company provides trading software. Users can download it from the official website. After downloading and installation, sign in with the credentials. The User interface is minimal and user-friendly.

The developers have put tremendous effort into making the interface as light as possible and provide all options without users being confused. Users can do he following things from the trading software.

  • Know real-time values on stocks
  • Get Stock tips at regular intervals
  • Can place Email and SMS alerts never to miss updates and much more

Maverick Brokers web trading platform:

In general, most of the people prefer software for trading. But if users are nowhere near their PC or laptop’s and want to do trading, this option is for you.

All the latest browsers are supported. Visit the website, log-in with credentials and start trading. It is that simple. Be aware of auto saving personal data while logging in and make sure to log out.

Maverick Brokers Mobile Trading App:

Smartphones are part of our lives. They are handy in performing many tasks. Maverick Brokers mobile app for trading is also available.

A mobile site differs in user interface compared to the main website. It is because a website loads on a big screen and the mobile app is for smartphones.

Buttons, options, and menus are arranged accordingly so that mobile users will not face any trouble. Just like web platform, visit the mobile app from your smartphones, log in and can-do trading with ease.


Maverick Brokers Customer Care

Dedicated Dealer Yes
Offline Trading Yes
Online Trading Yes
24*7 Support No
Email Support Yes
Chat Support No
Toll Free Number No
Branches 284

Around 284 branches of Maverick Brokers Company are located in different parts of the world. Along with the services, customer care must be providing efficient services to satisfy customers. Some of them are as follows.

  • Offline trading
  • Online trading
  • Email support
  • Dedicated dealer

Maverick Brokers Complaints and Feedback

Find the list of complaint against Maverick Brokers –

Lodged in BSE 0
Resolved in BSE 0
Lodged in NSE 1
Resolved in NSE 1
Percentage of No. of Complaints Received Against Number of Active Clients 0

During last year, only one complaint is lodged in NSE and it is resolved too. Other than this, there are no major complaints for this company.


Maverick Brokers Disadvantages:

Some of the disadvantages that disappoint users are as follows.

  • No Referral offers
  • No weekly and monthly reports
  • Toll free number unavailable
  • 24*7 support is not available

Maverick Brokers Conclusion

Overall, Maverick Brokers are a good choice to refer if you want to trade. Even if you are a first-time user or not experienced in this, customer service will respond to all queries of its users.

Relationship manager is also available and can be used when you are stuck at some point while trading.


Check detailed review of similar full service brokers:

Mangal Keshav  MasterTrust Networth Direct Reliance Securities
Axis Direct  SMC Global GEPL Capital  SBI Cap Securities

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Best Demat Account in India

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