R Wadiwala Securities Review, Brokerage Charges, Demat Account & more

R Wadiwala Securities is known stock broker based out of Surat, Gujarat. By the end of this article, you will have the R Wadiwala Securities review along with brokerage charges offered by the brokerage house, the hidden charges involved, cost of opening a Demat account.

Along with it you will also get detail about its offers they promote and the products and services provided by the company and the procedure you need to follow in order to open a Demat account.

R Wadiwala Securities 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 117


About R Wadiwala Securities

Company Type Private
Broker Type Full Service Broker
Headquarters Surat, GJ
Founder Nainish Wadiwala
Established Year 2005

R Wadiwala Securities R Wadiwala was established a long time ago in 1943 by Bachoobhai Wadiwala. He started the equity trading in Surat and this business was carried on by the third generation.

R Wadiwala Securities is pretty new in the field. Established in 2005 by Nainish Wadiwala, headquarters of this brokerage house is situated in Surat, Gujrat. This is a private company.

The company acquired NSE-BSE membership in 2005 and became depository participant with CDSL in 2006. R Wadiwala group is highly respected and a well known Investment Company.

Open Demat Account with R Wadiwala Securities

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  1. Open Demat AccountBecome Sub Broker

R Wadiwala Securities Brokerage Charges

Equity Delivery Trading 0.29%
Equity Intraday Trading 0.03%
Commodity Options Trading NA
Equity Futures Trading 0.03%
Equity Options Trading Rs.29 per Lot
Currency Futures Trading 0.03%
Currency Options Trading Rs.19 per Lot
Minimum Brokerage Percentage of Transaction
Demat AMC Charges Rs.290 per Annum
Trading AMC Charges Rs.250 per Annum
Margin Money Zero Margin
Brokerage Calculator R Wadiwala Brokerage Calculator

R Wadiwala brokerage charges are dependent on the amount the client deposits in the trading account. It is always better to start by depositing a high initial amount. This helps you with the benefits of falling into the reduced brokerage slab.

If you look at the table, you will be charged 0.29% in Equity Delivery Trading, 0.03% in Equity Intraday Trading, 0.03% Equity Futures Trading, Rs.29 per Lot in Equity Options Trading, 0.03% in Currency Futures Trading, Rs.19 per Lot in Currency Options Trading.

You will be charged rs.290 per annum as annual maintenance charge of your Demat and Trading account. One thing which is to be noticed is there is zero Margin Money involved.

R Wadiwala Securities Other Charges

Transaction Charges 0.00290%
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)

You will be paying these other charges too. 0.00290% as Transaction charge, 0.0126% of Total Turnover as STT, 0.0002% of Total Turnover as SEBI Turnover Charges, 18% of (Brokerage + Transaction Charges) as GST. Stamp Duty charges are state dependent.

But you can see, these overheads are very less.

Find Brokerage Charges of other Full Service Brokers – 

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Ventura Securities Marwadi Group Aditya Birla Money Motilal Oswal

R Wadiwala Securities Demat Account Opening Fees

Depository Source CDSL & NSDL
Account Opening Charges Free
Demat AMC Charges Rs.290 per Annum
Trading AMC Charges Rs.250 per Annum
Margin Money Zero Margin
Offline to Online Yes

You will be paying certain charges for operating and maintenance of R Wadiwala Demat Account.

Account opening is free of cost. But you will pay rs.290 per annum for Demat Account Maintenance and Rs.250 per annum for maintaining Trading Account.

There is no margin money involved and this can avail the services both online and offline.

R Wadiwala Securities Offers

Free Demat Account Yes
Free Trading Account No
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

R Wadiwala Offers include free Demat Account opening, discounts on brokerage, flexible brokerage plans and holiday offers.

The brokerage house does not offer a free trading account, trading Happy hours, referral offers.

How to Open a Demat Account with R Wadiwala Securities?

Opening the account is simple. You should be ready with documents justifying your identity and address proof.  The procedure involves –

  1. First, you will have to fill the form by clicking on Open Demat Account button provided below.
  2. Then, there are KYC documents which you will be uploading, these documents involve Aadhar Card, PAN card, Age proof, Identity Proof, Address proof, and
  3. Your part of the work is almost done now. Just wait for the call from the company to contact you for further verification
  4. Once verified, you will be able to access your account within a few

Why Open R Wadiwala Securities Trading Account?

Well, a Demat account is only to safeguard your shares. For carrying out a trade, it is actually necessary to have a trading account. When you have R Wadiwala Trading Account, you get to –

  1. Use the user-friendly platforms provided by the company making your trading easy.
  2. R Wadiwala is involved in a lot of research so you will be getting continuous updates about the new research results which will help you to deposit right.

Get a Call back from R Wadiwala Securities

Fill Your Details Here
  1. Open Demat AccountBecome Sub Broker

R Wadiwala Securities Products & Services:

Here are the list of Products & Services provided by R Wadiwala Securities:

Products Offered by R Wadiwala Securities:

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

R Wadiwala Products are investment and trading products like equity trading, currency trading, and insurance. You don’t get SIP. These products will help you a lot with investment.

R Wadiwala Securities Service Offerings:

Demat Services Yes
Trading Services Yes
3 in 1 Acount No
Intraday Services Yes
IPO Services Yes
Stock Recommendations Yes
Robo Advisory No
Trading Institution No
Trading Exposure Upto 6X

The R Wadiwala Services offered to you include Demat Services, Trading Services, Intraday Services, IPO Services, and Stock Recommendations.

You will be getting up to 6X trading exposure. These services are aimed at giving you proper training so that you use back office methods, different trading platforms and many more things hassle free.

Check Products & Services offered by other Stock Brokers –

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

R Wadiwala Securities 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 Yes
Monthly Reports Yes
Weekly Reports Yes
Offline Advisory Yes
Relationship Manager Yes

There is a lot of research work going on in the company in order to help the clients with the best investment benefits.

You will be getting research reports, free stock tips, daily market review, Monthly reports, and weekly reports. In case of any doubt, you have the offline advisory taking care of it.

You get to call your relationship manager any-time in case of any problem or doubt.

R Wadiwala Securities Exposure or Leverage

Equity Delivery Upto 1X
Equity Intraday Upto 6X
Equity Futures Upto 3X
Equity Options Upto 4X
Currency Futures Upto 1X
Currency Options Upto 3X
Commodities Upto 1X
Margin Calculator

You get up to 1X exposure in Equity Delivery, up to 6X in Equity Intraday, up to 3X in Equity Futures, up to 4X in Equity Options, up to 1X in Currency Futures, up to 3X in Currency Options and up to 1X in commodities.

R Wadiwala Securities Trading Platforms

Here are the thorough details on various trading platforms offered by R Wadiwala Securities to its consumers. All the platforms have been established in-house and always get progressed on an unremitting basis.

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 No
News Flash Yes
Research Reports Yes
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

R Wadiwala Web Browser trading platform

R Wadiwala web-based trading can be accessed using any browser. So if you like chrome or Mozilla Firefox, just open it and access the platform. All that is needed is good internet connectivity. There are certain features offered like-

  • You are not supposed to download anything in order to start using the web-platform
  • The company continuously provides you with research results and recommendations.
  • It also provides live market streaming.

R Wadiwala Mobile Trading App

R Wadiwala Mobile-based platform is available for both Android users and iOS users. Features of this app are

  • A track record of all your investment and trade
  • Regular details of stock market
  • Easy &7 quick placement of orders.

R Wadiwala Trading Terminal

R Wadiwala Trading platform is available in .exe type so just download it and install it. This platform comes with really good features including-

  • You are allowed to transfer money from different bank accounts.
  • It provides you with high-speed updates and high-performance
  • There is an option which lets you multi-view single screen.

R Wadiwala Securities 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 920

R Wadiwala customer care is really good because of the presence of a huge number of branches. The list above shows all possible communication provided by the brokerage house.

You get a dedicated dealer, offline trading, online trading customer care support along with e-mail support.

R Wadiwala Securities Complaints and Feedback

Find the list of complaint against R Wadiwala Securities

Lodged in BSE 1
Resolved in BSE 1
Lodged in NSE 5
Resolved in NSE 5
Percentage of No. of Complaints Received Against Number of Active Clients 0.17

Last year there were only a few complaints from the clients. If you look at the Percentage of No. of Complaints Received against Number of Active Clients, it is 0.17% which is really less.

R Wadiwala Securities Disadvantages:

Below mentioned is the list of cons of R Wadiwala Securities:

Cons of R Wadiwala Securities

Discuss some of the worries if you make use of this full-service trader for your stock market trading:

  • Mobile platform needs more development.
  • Research work needs to include more fields.
  • There are hidden charges so beware.

R Wadiwala Securities Conclusion

R Wadiwala group is really old and thus can be trusted with the results. Opening the account is free but annual maintenance includes charges.

There’s no margin money involved but there are hidden charges. Customer care is good and you get maximum exposure of 6X.

There is a lot of research work going on but still, there are some leftout fields. Trading platforms are excellent plus you can contact the relationship manager in case of any doubt.

Check detailed review of similar full service brokers:

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

Open Demat Account with R Wadiwala Securities

Fill Your Details Here
  1. Open Demat AccountBecome Sub Broker

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