Wealth Discovery Review, Brokerage Charges, Demat Account & more

Wealth 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 Customer Ratings & Review

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 ★★★☆☆
Total Client Reviews 110

 


About Wealth Discovery

Company Type Private
Broker Type Full Service Broker
Headquarters New Delhi
Founder Rahul Agarwal
Established Year 2010

Wealth Discovery

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

Fill Your Details Here
  1. Open Demat AccountBecome Sub Broker

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 Full Service Brokers – 

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

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

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

Fill Your Details Here
  1. Open Demat AccountBecome Sub Broker

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.


Check Products & Services offered by other Stock Brokers –

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

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.


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.


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 Wealth Discovery

Fill Your Details Here
  1. Open Demat AccountBecome Sub Broker

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