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Wellworth Share is one of the most popular stock brokerage companies in India. It is one of the reputed CRISIL graded brokerage house.

They provide all sorts of investment related services to the various categories of the investors in PAN India through both the online and offline channels.

It aims to meet the investment demands of the clients and also provide world class services. As of now, they have 283 branches all over the country and are looking forward for more.

In this article, we will be disclosing and detailing out Wellworth Share, the brokerage charges of the company, offers, trading platforms & much more.

Wellworth Share

Wellworth Share Ratings & Review by Top10StockBroker

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 ★★★☆☆


About Wellworth Share

Company Type Public
Broker Type Full Service Broker
Headquarters Mumbai, Maharashtra
Founder Bhavesh Ramniklal Mehta
Established Year 1996

Wellworth Share

Having established in the year 1996 by Bhavesh Ramniklal Mehta, the company is a joint venture of Mr. Mehta, Mr. Chetan Mehta, Mr. Ramakant Tibrewala and Mr. Srikant Tibrewala. The public company is headquartered in Mumbai, Maharashtra and offers full service brokerage. They are the pioneers in the Stock brokerage industry and are spread all over India.

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    Wellworth Share Brokerage Charges

    Equity Delivery Trading 0.21%
    Equity Intraday Trading 0.02%
    Commodity Options Trading 0.02%
    Equity Futures Trading 0.02%
    Equity Options Trading Rs.21 per Lot
    Currency Futures Trading 0.02%
    Currency Options Trading Rs.21 per Lot
    Minimum Brokerage Percentage of Transaction
    Demat AMC Charges Rs.239 per Annum
    Trading AMC Charges Free
    Margin Money Minimum Rs.1,000
    Brokerage Calculator Wellworth Share Brokerage Calculator

    Wellworth Share charges an annual amount of ₹239. The brokerage charge for the Equity Delivery Trading is 0.21% and for Equity Intraday Trading, Commodity Options Trading, Equity Futures Trading and Currency Futures Trading they charge 0.02% respectively.

    For Equity Options Trading and Currency Futures Trading, they offer ₹ 21 per lot respectively. Wellworth Share also permits a minimum of ₹ 1,000 as the Margin Money.

    The brokerage fees percentage which the company charge is levied on the final trading transaction amount in regard to the market rates. The trading AMC charges are absolutely free which is great thumbs up.

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    Wellworth Share Other Charges

    Transaction Charges 0.00313%
    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)

    Wellworth Shares levies a charge for a fee of 0.00313% on the final transaction amount besides the STT of 0.0126% on Total Turnovers and SEBI of 0.0002% on the Total Turnovers respectively.

    The Stamp Duty fee that is applicable and varies from state to state comes beside the 18% GST on the total value of the transaction amount and added the brokerage amount.

    The additional charges are not something to be worried about by the traders as they are negligible and most likely will not hamper the profit returns any which ways.


    Wellworth Share Demat Account Opening Fees

    Depository Source CDSL & NSDL
    Account Opening Charges Rs.239
    Demat AMC Charges Rs.239 per Annum
    Trading AMC Charges Free
    Margin Money Minimum Rs.1,000
    Offline to Online Yes

    Some fees will be applicable for opening a Demat account. The AMC for the Demat account is calculated as ₹ 239 per annum.

    The AMC charges for the Trading account come absolutely free of cost. The offline to online account opening fees is present while it clearly indicates that the service is also available.

    Wellworth Share 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 Yes
    Referral Offers No
    Zero Brokerage for Loss Making Trades No

    The Demat account opened with Wellworth Share is not free while opening a trading account is definitely free. Flexible Brokerage plans and holiday offers are allowed to the clients.

    They do not provide any discount on brokerage and neither do they offer any ‘Happy Hours’ for the traders. The company also do not offer first month of free brokerage.

    The referral programs are not under operation. Wellworth Share will not be providing any discount or rebate in the brokerage fees in case a trader incurs a loss while trading.

    To know about offers of other stock brokers check below

    How to Open a Demat Account with Wellworth Share?

    Following are the steps that you need to abide by in order to open a Demat account with Wellworth Share:

    • All the traders are needed to fill up the provided registration form by clicking on the green button that indicates “Open Demat Account” somewhere on the screen or in the form.
    • Following this, the traders will be asked to submit their necessary KYC documents like Aadhaar Card, Age Proof, Address Proof, Identity Proof, PAN Card and 1 Passport Size Photograph.
    • Soon enough the trader has uploaded all the necessary KYC documents to the company’s brokerage portal, a representative of the Wellworth Shares will call you for clearing the further verification processes.
    • Once the verification process gets over, they will notify you the progress and grant you access to your Demat account within a couple of hours.

    Why Open Wellworth Share Trading Account?

    Demat account becomes mandatory for all of the traders involved in trading or are going to be involved in one. Though Demat account safeguards the purchased shares, it also plays the key role while trading. Following are a couple of reasons that leads you to the answer of why you should open a Demat account from Wellworth Share:

    • If seamless transactions and hassle-free trading is what you are looking for, nothing is better than Wellworth Share. It also enables user-friendly trading on its platform for your convenience.
    • The public brokerage company also furnishes you with 360° assortment of the products and services that grants permission to their associates to capitalise and earn profits.

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      Wellworth Share Products & Services:

      Products Offered by Wellworth Share

      Here are the list of Products provided by Wellworth Share:

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

      You can bag a complete range of investments and trading products from Wellworth Share such as the Commodity Trading, Currency Trading, Equity Trading, Futures, Insurance, Mutual Funds, Options and SIP. Up until now, they do not deal with Forex and Banking activities.

      Wellworth Share Service Offerings

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

      They offers services that are related to the Demat accounts, Trading accounts, Intraday services, IPO services and Stock Recommendations. They currently do not operate 3 in 1 account, Robo Advisory, PMS and Trading Institution. However, they do offer Trading Exposure up to 6x.

      Wellworth Share 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 Yes
      Top Picks Yes
      Daily Market Review Yes
      Monthly Reports Yes
      Weekly Reports Yes
      Offline Advisory Yes
      Relationship Manager Yes

      Wellworth proffers a broad range of services that facilitates the research support to all our trading associates. Here is presenting you with a list of services that they offer to people availing from them:

      • Research Reports through daily reports.
      • Free Stock Tips to enable easy trading.
      • IPO Reports
      • Top Picks
      • Daily Market Review
      • Monthly Reports
      • Weekly reports
      • Offline Advisory
      • Relationship Manager

      Wellworth Share Exposure or Leverage

      Equity Delivery Upto 1X
      Equity Intraday Upto 6X
      Equity Futures Upto 2X
      Equity Options Upto 5X
      Currency Futures Upto 2X
      Currency Options Upto 2X
      Commodities Upto 2X
      Margin Calculator Wellworth Share Margin Calculator

      Massive leverages or exposures to all the trading associates are provided by Wellworth Share. They offer Equity Delivery up to 1x while Commodities, Currency Options, Currency Futures and Equity Futures are offered up to 2x respectively. Equity Options are offered up to 5x and Equity Intraday up to 6x.

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      Wellworth Share Trading Platforms

      Desktop Platform – Windows Yes
      Desktop Platform – Mac No
      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 No
      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

      Wellworth Shares offer services on multiple platforms:

      Wellworth Share Trading Terminal

      • Desktop application is made available on their website that allows downloading and accessing it.
      • Real time updates and portfolio details are allowed.
      • Stock Tips and Global indices can be viewed.
      • Live Markets and Interactive Charts are available.

      Wellworth Share Web Trading Platform

      • Available on desktop platform of Windows but not on Mac.
      • Online MF Buys are permitted.
      • Can be accessed through Google Chrome and Mozilla Firefox.

      Wellworth Share Mobile App

      • Both iOS and Android App platforms can access their accounts and perform trading.
      • All the holding and ledger can be viewed successively through the mobile apps.
      • Email alerts and SMS alerts can be set.

      Wellworth Share 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 283

      Wellworth Share offers a decent customer care support to both offline and online traders. Dedicated dealers are available with this company. They only have Email support.

      Wellworth Share Complaints and Feedback

      Lodged in BSE 1
      Resolved in BSE 1
      Lodged in NSE 2
      Resolved in NSE 2
      Percentage of No. of Complaints Received Against Number of Active Clients 0.33

      With 283 branches all over India, stands Wellworth Share. In spite of such number of franchise, they have received immensely less complaints from BSE and NSE. 0.33% complaints have been lodged against them from the number of active clients. The stat is enough to state the efficiency of the public brokerage company and what held it to be the best.

      Wellworth Share Disadvantages:

      The backlogs cannot be considered as the disadvantages, since there are scopes that can be utilized to improve the situation:

      • Non availability of 24*7, chat and toll free supports.
      • Overall service fee is higher containing some hidden charges mostly which bug a lot of people.
      • Average functionality in the Mobile Apps and Desktop apps that can be rectified.

      Wellworth Share Conclusion

      Wellworth Share is undoubtedly a trendsetter in the stockbroker industry as it has its business operating 283 franchises in Pan India revealing the story of its success and struggles to get to the point where it is today.

      New functionalities are incorporated on a frequent basis to make it one of the best stock broking agencies all over India. Nevertheless, still some spheres can be located that can be worked out so as to improve the overall user experience.

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