Wellworth Share Review, Brokerage Charges, Demat Account & more

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 Ratings & Review by Top10StockBroker

About 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

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

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

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

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.

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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:

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

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

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

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

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

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

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.

Open Demat Account with Wellworth Share

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