Wealth Discovery Review, Brokerage Charges, Demat Account & more
Last Updated Date: Dec 01, 2022Wealth Discovery is the top-ranking and full-service stock brokerage house in India. EZ Wealth is an online brand of Wealth Discovery. It is registered with BSE, NSE, MCX, and NCDEX stock exchanges.
This article will provide some detail about Wealth Discovery Reviews, Wealth Discovery Brokerage charges and Fees, Wealth Discovery offers, Wealth Discovery Products, and services and some other important concepts.
Wealth Discovery 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 | ★★★☆☆ |
About Wealth Discovery
Company Type | Private |
Broker Type | Full Service Broker |
Headquarters | New Delhi |
Founder | Rahul Agarwal |
Established Year | 2010 |
Wealth Discovery is established in the year 2018 in New Delhi, India. It is indulged to offer various trading and investment products such as equity, derivative, commodity, currency, mutual funds, etc.
It eases its clients with customized products in order to avail the benefit of your certain brokerage and research requirements.
It permits share trading in both NSE and BSE and provides productive offers like Margin, BTST, and SPOT.
Open Demat Account with Wealth Discovery
Wealth Discovery Brokerage Charges
Equity Delivery Trading | 0.16% |
Equity Intraday Trading | 0.02% |
Commodity Options Trading | NA |
Equity Futures Trading | 0.02% |
Equity Options Trading | Rs.16 per Lot |
Currency Futures Trading | 0.02% |
Currency Options Trading | Rs.10 per Lot |
Minimum Brokerage | Percentage of Transaction |
Demat AMC Charges | Rs.160 per Annum |
Trading AMC Charges | Free |
Margin Money | Minimum Rs.5,000 |
Brokerage Calculator |
Brokerage charges are something that is compelled by you to pay constantly to the broker as long as you are taking brokerage service.
There are various brokerage plans offered through wealth discovery, you can choose your brokerage plan according to your requirements.
Brokerage charges are calculated in the following manner; For example, if you are trading in Equity Delivery section and your entire transaction value is 1, 00,000 then you will be required to pay brokerage of Rs 160 at 0.16%.
Wealth Discovery Other Charges
Here are the comprehensive details of Wealth Discovery other charges.
Transaction Charges | 0.00316% |
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) |
Along with the brokerage charges various other charges are also imposed to the traders. These are just minimum charges and stated below in percentage. As these are just nominal charges, so there will not be high impact on your Return on Investment.
Find Brokerage Charges of other Brokers –
Religare Securities | Shri Parasram Holdings | Sushil Finance | Ventura Securities |
SAMCO | Shriram Insight | Swastika Investmart | Way2Wealth |
SAS Online | SMC Global | Tradebulls | Yes Securities |
Wealth Discovery Demat Account Opening Fees
Depository Source | CDSL & NSDL |
Account Opening Charges | Rs.160 |
Demat AMC Charges | Rs.160 per Annum |
Trading AMC Charges | Free |
Margin Money | Minimum Rs.5,000 |
Offline to Online | Yes |
Wealth Discovery does not charge anything for trading account annual maintenance charge (AMC). It is entirely Free of Cost. However, it charges Rs.160 for Demat Account annual maintenance charge (AMC) and account opening charges. It also asks minimum margin money of Rs.5000 from its clients.
Wealth Discovery Offers
Free Demat Account | No |
Free Trading Account | Yes |
Discount on Brokerage | No |
Trading Happy Hours | No |
Flexible Brokerage Plans | Yes |
1 Month Brokerage Free | No |
Holiday Offers | No |
Referral Offers | No |
Zero Brokerage for Loss Making Trades | No |
Wealth discovery offers are based on the their clients’ needs and preference
- Free Trading Account and Flexible brokerage plans
- Zero Trading AMC charges
- It offers free stock tips to the traders
- Brokerage related offers for new and existing clients
To know about offers of other stock brokers check below
How to Open a Demat Account with Wealth Discovery?
Following documents will be required for opening an online demat account with Wealth Discovery
Soft copy of Pan Card, Aaadhar card, Address proof, Age proof, and one photograph
Customers can open their demat account with Wealth Discovery in the following ways:-
- You can fill our account opening form by clicking on the link given below
- You can even contact on phone or send us an email.
- You can visit your neighboring branch with all the necessary documents such as PAN and Adhar Card, Address Proof, Age Proof, one Identity proof, and photograph and get your account open
The company customer representative will verify your documents and help you in all possible ways to get your demat account open with Wealth Discovery.
Why Open Wealth Discovery Trading Account?
The Company provides entirely secure and reliable trading platform to its clients. The client can even access real time market data with the help of their web based trading platform.
- Customized products according to clients requirement
- Online account opening facility available
- Speedily trade execution
- Provides quality tips across equity, equity derivatives, currency and commodity
Its online trading platform can easily access with low internet speed. The technical experts of the company continuously work on upgrading and resolving technical related issues.
Get a Call back from Wealth Discovery
Wealth Discovery Products & Services:
Here are the list of Products provided by Wealth Discovery:
Products Offered by Wealth Discovery
Scroll down to view the comprehensive list of the products offered by Wealth Discovery.
Equity Trading | Yes |
Commodity Trading | No |
Currency Trading | Yes |
Options | Yes |
Futures | Yes |
Mutual Funds | Yes |
Forex | No |
Banking | No |
SIP | Yes |
Insurance | Yes |
Wealth Discovery is intended to provide various products to its clients such as equity, currency, commodity, mutual funds and many more
Wealth Discovery Service Offerings
Below table shows the services provided by Wealth Discovery:
Demat Services | Yes |
Trading Services | Yes |
3 in 1 Acount | No |
Intraday Services | Yes |
IPO Services | Yes |
Stock Recommendations | Yes |
Robo Advisory | No |
PMS | Yes |
Trading Institution | Yes |
Trading Exposure | Upto 10X |
The company facilitate demat and trading account services to the clients. It offers online trading services in stocks, futures, options, currencies and commodities.
It eases its clients by providing them exemplary customer support such as Email support, online and offline trading. It also provides stock recommendations to the traders which enable them to earn more benefits.
Wealth Discovery Research, Advisory and Stock Tips
Fundamental Reports | Yes |
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 |
Wealth Discovery research and advisory teams provide extensive quality tips across equity, equity derivatives, currency and commodities for your intraday trading.
It intends to provide research to its clients in the following stages with a constant interval of time:-
- Periodic Free Stock Tips
- Periodic Call Evaluation
- IPO Reports
- Monthly reports
- Weekly reports
Wealth Discovery Exposure or Leverage
Equity Delivery | Upto 2X |
Equity Intraday | Upto 10X |
Equity Futures | Upto 4X |
Equity Options | Upto 4X |
Currency Futures | Upto 3X |
Currency Options | Upto 3X |
Commodities | Upto 3X |
Margin Calculator |
Exposure /Leverage are something which is closely associated with your risk. The company provides up to 10x leverage to its clients. It implies that the company provides moderate exposure for Intraday & Commodities.
Find Exposure or Margin of other Stock Brokers
Skung Tradelink | Sunidhi Securities | Tradeswift | Vrise Securities |
SPFL Securities | Sunlight Broking | Tradingbells | Wealth Discovery |
Sri Shirdi Capital | Sunness Capital | Trustline Securities | Wellworth Share |
Wealth Discovery Trading Platforms
Here are the thorough details on various trading platforms offered by Wealth Discovery 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 | Yes |
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 | 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 |
The company facilitates its clients with the following online trading platform:-
Desktop Trading Platform
- It is a customized trading platform which can easily be downloaded on the desktop.
- It shows real-time market updates
- Traders can examine various scripts, tick by tick and can trade in bulk across exchanges and segments
- It provides real-time historical and intraday charts with various advances charting tools
Web-based Trading Platform
- It is a secure and user-friendly trading platform with security check at every level
- It can be easily accessible
- Installation and maintenance is not required
- Easily accessible with the website
- It provides every feature of the desktop-based trading platform without any requirement of browser
Mobile-based Trading Platform
- It is a speedy, secure and readily available mobile application
- It can be operated with a low internet speed
- It provides real-time market quotes and superior charts
- It enables you to do technical analysis and provides buy/sell options
Wealth Discovery Customer Care
Wealth Discovery provides following a network of communication to its users as given below:
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 |
Customers can get in touch with Wealth Discovery through any of the above channels for resolving their issues. You can also drop an email on our customer services email id for any assistance required.
We have 284 branches all across the country. You can visit any of our branches for quick resolution of your trading issues.
Wealth Discovery Complaints and Feedback
Find the list of complaint against Wealth Discovery:
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 | 0.01 |
The following report shows the number of complaints lodged against Wealth Discovery.0 complaints was lodged in BSE and 1 lodged in NSE respectively. The complaint received from the active clients is 0.01%.
Wealth Discovery Disadvantages:
- Low exposure
- Average customer service
- It doesn’t provide a research report and company annual reports to its clients
Wealth Discovery Conclusion
It is suggested for the traders to consider Wealth Discovery as it is the renowned stock broking company. It facilitates its clients with accounts that suit their investment profile. It permits their clients to manage their own demat and fund transfers. With this, traders can pay the amount only when they trade.
Therefore, traders who are seeking for low brokerage fees and moderate exposure can get in touch with Wealth Discovery.
Open Demat Account with Wealth Discovery
Find Reviews of other Stock Brokers
SS Corporate | Suresh Rathi | Unlock Wealth | Wisdom Capital |
SSJ Finance | Sykes & Ray | Vachana Investments | Zebu Wealth |
Standard Chartered Securities | Systematix Shares | VCK Stock | Zenmoney |
Featured Topics: