Stewart & Mackertich WMS Review, Brokerage Charges, Demat Account & more

In 1993, Stewart & Mackertich WMS was established and founded as stock broking enterprise by Rahul Kayan and Ashiwini Kumar Tripathi.

On this page, we provide entire information of company and its products & services. We also discuss Charge & Fees imposed on Brokerage, Account Opening and others.

Along with this, we also provide products and services info available for customers and how to open demat account and trading account.

Customer rating of this company is great and they also provide best Research and Advisory benefits to their customers. Check whole information in detail through below section of this page.

Stewart & Mackertich WMS offers

Stewart & Mackertich Customer Ratings & Review

Products & Services2.9/5
Brokerage Charges & Fees2.4/5
Stock Research & Advisory2.5/5
Trading Platforms2.9/5
Overall Ratings2.6/5
Star Ratings★★★☆☆
Total Client Reviews113


About Stewart & Mackertich WMS

Company TypePublic
Broker TypeFull Service Broker
HeadquartersKolkata, WB
FounderRahul Kayan, Ashiwini Kumar Tripathi
Established Year1993

Stewart & Mackertich

Stewart & Mackertich WMS is public company and the establishment year of this company is 1993.

It provides full brokerage services to its customers. Stewart & Mackertich WMS headquarters is located in Kolkata, WB.

Founder of this public company is Rahul Kayan and  Ashiwini Kumar Tripathi.

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Stewart & Mackertich WMS Brokerage Charges

Equity Delivery Trading0.36%
Equity Intraday Trading0.04%
Commodity Options Trading0.04%
Equity Futures Trading0.04%
Equity Options TradingRs.36 per Lot
Currency Futures Trading0.04%
Currency Options TradingRs.36 per Lot
Minimum BrokeragePercentage of Transaction
Demat AMC ChargesRs.250 per Annum
Trading AMC ChargesFree
Margin MoneyMinimum Rs.5,100
Brokerage CalculatorStewart Mackertich Wms Brokerage Claculator

Stewart & Mackertich WMS Brokerage Charge & Fees is given in above table for benefits of customers. There are many trading options given in above table.

We also discuss Brokerage Charge & Fees in detail in below section:

  • Stewart & Mackertich WMS company charge 0.36% on Equity Delivery Trading.
  • Equity Intraday Trading, Commodity Options Trading, Currency Futures Trading and Equity Futures Trading is 0.04%
  • Minimum Brokerage services of Stewart & Mackertich WMS as per Percentage of Transaction.
  • Equity Options Trading + Currency Options Trading is Rs.36 per Lot
  • 250 per Annum will be charged as Demat AMC Charges and Trading AMC Charges is totally free for customers.
  • Minimum Margin Money decided by company is Rs.5,100.

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Stewart & Mackertich Other Charges

Transaction Charges0.00299%
STT0.0126% of Total Turnover
SEBI Turnover Charges0.0002% of Total Turnover
Stamp DutyDepends on State (very minimal)
GST18% of (Brokerage + Transaction Charges)

Stewart & Mackertich WMS Company also imposed some other additional charges which we have provided in above table. Also check other charges in detail from below section:

  • Out of Total Turnover 0.0126% is STT and 0.0002% is SEBI Turnover Charges.
  • Transaction Charges is 0.00299% and Stamp Duty is depend on state.
  • 18% GST will be charged on Brokerage + Transaction Charges.


Stewart & Mackertich Demat Account Opening Fees

Depository SourceCDSL & NSDL
Account Opening ChargesRs.250
Demat AMC ChargesRs.250 per Annum
Trading AMC ChargesFree
Margin MoneyMinimum Rs.5,100
Offline to OnlineYes

Those who want to know about account opening charges of company can check above table. We also provide account opening charges information in detail in below section:

  • Company deals in  CDSL & NSDL accounts.
  • 250 is charged for opening an account in public company.
  • Demat AMC Charges is Rs.250 per Annum and Trading AMC Charges is free of cost.
  • This company provides Offline to Online mode services to its customers.
  • Minimum margin money of Rs. 5100/- has decided by Stewart & Mackertich WMS.

Stewart & Mackertich Offers

Free Demat AccountNo
Free Trading AccountYes
Discount on BrokerageNo
Trading Happy HoursNo
Flexible Brokerage PlansYes
1 Month Brokerage FreeNo
Holiday OffersNo
Referral OffersYes
Zero Brokerage for Loss Making TradesNo

Company provided various offers to its customers such as Flexible Brokerage Plans, Referral Offers and Free Trading Account etc.

In above table, there are some offers which is not presently active is marked as “NO” such as Discount on Brokerage, Free Demat Account, Trading Happy Hours, 1 Month Brokerage Free, Holiday Offers, Zero Brokerage for Loss Making Trades etc.  Out of these, if any offer will be active we will inform you.

To know about offers of other stock brokers check below

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Microsec CapitalN G RathiProgressive ShareRudra Shares
Modex SecuritiesNine Star BrokingProstocksR Wadiwala Securities

How to Open a Demat Account with Stewart & Mackertich?

Those customers who want to open Demat account in Stewart & Mackertich WMS company can follow below provided instructions:

  • In below section hit on Green button named as ‘Open Demat Account’.
  • Read entire information
  • In unfilled form, fill all asked information in correct manner.
  • Upload valid testimonials Identity, Residence Proof and recent photograph, to complete Know your Customer (KYC) service.
  • After completing process of KYC documentation, an authorized person will connect with you directly on behalf of company for verification.
  • After approval of authorized person, Your account will be activated in few hours.

Why Open Stewart & Mackertich Trading Account?

If you are in trade then surely you need to open a trading account. Benefits of this account are:

  • To open a trading account, Stewart & Mackertich WMS doesn’t charge any amount which means your account is free of cost.
    Through online services, company provides comfort and ease to their clients.
  • As compare with competitors, other charges are very low.

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  1. Open Demat Account

Stewart & Mackertich Products & Services

Here are the list of Products provided by Stewart & Mackertich –

Stewart & Mackertich WMS stock Products

Equity TradingYes
Commodity TradingYes
Currency TradingYes
Mutual FundsYes

In Above table, we provide Products information so have a look. Company provides various product services as given above.

In above table, “yes” is written in front of those products which are available in company right now and “NO” is marked in front of those products which are presently not available for customers.

Stewart & Mackertich WMS Service Offerings

Demat ServicesYes
Trading ServicesYes
3 in 1 AccountNo
Intraday ServicesYes
IPO ServicesYes
Stock RecommendationsYes
Robo AdvisoryNo
Trading InstitutionNo
Trading ExposureUpto 5X

There are many trading services offered by Stewart & Mackertich WMS company such are Demat Services , Trading Services , Intraday Services, IPO Services, Stock Recommendations etc.

Along with these services, Trading Exposure service is also provided upto 5X. There are some services which is currently unavailable such as 3 in 1 Account, PMS, Trading Institution, Robo Advisory etc.


Stewart & Mackertich Research, Advisory and Stock Tips

Fundamental ReportsNo
Research ReportsYes
Company ReportsYes
Annual ReportsYes
Company Stock ReviewYes
Free Stock TipsYes
IPO ReportsYes
Top PicksNo
Daily Market ReviewYes
Monthly ReportsYes
Weekly ReportsYes
Offline AdvisoryYes
Relationship ManagerYes

Stewart & Mackertich WMS Research & Advisory is good. Things which are stated “yes” is on board and “No” stated is not applicable in above table.

Stewart & Mackertich WMS deals in Research Reports, Company Reports, Annual Reports, Company Stock Review, Free Stock Tips, IPO Reports, Daily Market Review, Monthly Reports, Weekly Reports, Offline Advisory and Relationship Manager etc but not deal with Fundamental Reports and Top Picks etc.

Stewart & Mackertich WMS Exposure or Leverage

Equity DeliveryUpto 2X
Equity IntradayUpto 5X
Equity FuturesUpto 3X
Equity OptionsUpto 6X
Currency FuturesUpto 1X
Currency OptionsUpto 3X
CommoditiesUpto 2X
Margin CalculatorStewart Mackertich WMS Margin Calculator

Stewart & Mackertich WMS Advisors Exposure / Leverage different at products which we have provided in above table:

  • Equity Delivery and Commodities Exposure / Leverage are up to 2X.
  • On Equity Futures and Currency Options Exposure / Leverage is Up to 3X.
  • The Equity Options Exposure / Leverage is Upto 6X.
  • On Currency Futures Exposure / Leverage is Upto 1X.
  • Exposure / leverage on Equity Intraday is Upto 5X.

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Stewart & Mackertich Trading Platforms

Here are the thorough details on various trading platforms offered by Stewart & Mackertich to its consumers.

Desktop Platform – WindowsYes
Desktop Platform – MacYes
Desktop Browser PlatformYes
Mobile Site PlatformYes
Android App PlatformYes
iOS App PlatformYes
Windows App PlatformNo
Other Mobile OS PlatformNo
Real time UpdatesYes
Portfolio DetailsYes
Online MF BuyYes
News FlashYes
Research ReportsYes
Easy InstallationYes
Global IndicesYes
Stock TipsNo
Personalized AdvisoryNo
Interactive ChartsNo
Live MarketsYes
SMS AlertsYes
Email AlertsYes
Multi Account ManagementNo

Stewart & Mackertich WMS Trading platform is extremely good. Many services are available in company. Some of the best features of trading platform is given in below section.

  • Above stated platforms are available in trading platforms.
  • Yes marked things are presently available.

Stewart & Mackertish Trading Terminal

Some of the essential features –

  • Easy to install & use
  • Global Indices available
  • Easy process to buy & sell
  • Various charts & tools for research are available

Stewart & Mackertich Web Trading Platform

Few of the features are –

  • Users also get Real time Updates.
  • No marked things are presently available.

Stewart & Mackertich Mobile App

To install and run conveniently, Android App and iOS app is available.

  • Portfolio Details, Global Indices, Live Markets get directly.
  • Get facility of Email Alerts and SMS Alerts

In above table, some services which is not available and marked as “NO” such as Personalized Advisory, Stock Tips, Interactive Charts and Multi Account Management etc.

Stewart & Mackertich Customer Care

The broking company offers the following networks of communications to its users as given below:

Dedicated DealerYes
Offline TradingYes
Online TradingYes
24*7 SupportNo
Email SupportYes
Chat SupportNo
Toll Free NumberNo
  • Across India, there are total 38- branches in Stewart & Mackertich WMS and they also provide Offline Trading and online trading.
  • Stewart & Mackertich WMS also provide Email Support to its customers.
  • In above table, There are some things which is marked “NO” such are Chat Support, Toll Free Number, 24*7 Support etc are not available presently.

Stewart & Mackertich Complaints and Feedback

Find the list of complaint against Stewart & Mackertich

Lodged in BSE0
Resolved in BSE0
Lodged in NSE1
Resolved in NSE1
Percentage of No. of Complaints Received Against Number of Active Clients0.02

Stewart & Mackertich WMS company complaints are very low which mean company is satisfied with company services.

In last year, Stewart & Mackertich WMS Company there is only 1 complaint against Lodged in NSE and Resolved in NSE.

Stewart & Mackertich and Disadvantages:

Stewart & Mackertich WMS founded in the year 1993 and provide various services and products to its customers. But along with this there are some disadvantages also:

  • Company need to improve their product and services.
  • For making good relations with customers, company need to give some more offers.
  • Company also requires to improve customer support services.

Stewart & Mackertich Conclusion

Stewart & Mackertich WMS is reputed firm and provides full services brokerage. Stewart & Mackertich WMS is growing rapidly and improve their products and services.

Customers get satisfaction from facilities providing by Stewart & Mackertich WMS.  But there are some flaws in company which need to be solved for smooth functioning of company.

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