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


Wealth Discovery Customer Ratings & Review

Experience2.5/5
Products & Services3.4/5
Brokerage Charges & Fees3.3/5
Stock Research & Advisory2.6/5
Trading Platforms2.4/5
Overall Ratings2.7/5
Star Ratings★★★☆☆
Total Client Reviews110

 


About Wealth Discovery

Company TypePrivate
Broker TypeFull Service Broker
HeadquartersNew Delhi
FounderRahul Agarwal
Established Year2010

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

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    1. Open Demat Account

    Wealth Discovery Brokerage Charges

    Equity Delivery Trading0.16%
    Equity Intraday Trading0.02%
    Commodity Options TradingNA
    Equity Futures Trading0.02%
    Equity Options TradingRs.16 per Lot
    Currency Futures Trading0.02%
    Currency Options TradingRs.10 per Lot
    Minimum BrokeragePercentage of Transaction
    Demat AMC ChargesRs.160 per Annum
    Trading AMC ChargesFree
    Margin MoneyMinimum 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 Charges0.00316%
    STT0.0126% of Total Turnover
    SEBI Turnover Charges0.0002% of Total Turnover
    Stamp DutyDepends on State (very minimal)
    GST18% 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.


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    Wealth Discovery Demat Account Opening Fees

    Depository SourceCDSL & NSDL
    Account Opening ChargesRs.160
    Demat AMC ChargesRs.160 per Annum
    Trading AMC ChargesFree
    Margin MoneyMinimum Rs.5,000
    Offline to OnlineYes

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

    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

    Shree BahubaliSteel City SecuritiesTrade JiniVeracity Finance
    Shree Kanha Stock BrokingStewart Mackertich WMSTradeplus OnlineVertex Securities
    SKI CapitalSumpoorna PortfolioTrade Smart OnlineVNS Finance

    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 Account

      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 TradingYes
      Commodity TradingNo
      Currency TradingYes
      OptionsYes
      FuturesYes
      Mutual FundsYes
      ForexNo
      BankingNo
      SIPYes
      InsuranceYes

      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 ServicesYes
      Trading ServicesYes
      3 in 1 AcountNo
      Intraday ServicesYes
      IPO ServicesYes
      Stock RecommendationsYes
      Robo AdvisoryNo
      PMSYes
      Trading InstitutionYes
      Trading ExposureUpto 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 ReportsYes
      Research ReportsYes
      Company ReportsNo
      Annual ReportsNo
      Company Stock ReviewNo
      Free Stock TipsYes
      IPO ReportsYes
      Top PicksYes
      Daily Market ReviewYes
      Monthly ReportsYes
      Weekly ReportsYes
      Offline AdvisoryYes
      Relationship ManagerYes

      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 DeliveryUpto 2X
      Equity IntradayUpto 10X
      Equity FuturesUpto 4X
      Equity OptionsUpto 4X
      Currency FuturesUpto 3X
      Currency OptionsUpto 3X
      CommoditiesUpto 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

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      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 – 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 TipsYes
      Personalized AdvisoryNo
      Interactive ChartsYes
      Live MarketsYes
      SMS AlertsYes
      Email AlertsYes
      Multi Account ManagementNo

      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 DealerYes
      Offline TradingYes
      Online TradingYes
      24*7 SupportNo
      Email SupportYes
      Chat SupportNo
      Toll Free NumberNo
      Branches284

      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 BSE0
      Resolved in BSE0
      Lodged in NSE1
      Resolved in NSE1
      Percentage of No. of Complaints Received Against Number of Active Clients0.01

      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

        Fill Your Details Here
        1. Open Demat Account

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