Nj Wealth Intraday Trading – Benefits, Process, Charges, Margin & more

NJ Wealth is a Gujrat based full service broker facilitating exceptional NJ Wealth Intraday Trading services. The company was in corporated in the year 2000. And, it’s been actively serving the clients over 280 branches across the nation.

The company is being led by its founder Niraj Ravindra Choksi. And, it tackles all national operation from its headquarters in Surat.

The company is a part of the corporate conglomerate NJ Group. And, in merely two decades of existence, it’s taken over the Indian stock trading industry by storm. The company is dedicated to educate and serve its clients across several financial trading and advisory domains.

We’ve drafted this article to analyse the NJ Wealth Intraday Trading services. That’s why we’ve elaborated the benefits involved in trading with them, a detailed list of all the charges they incur, the type of trading facilities they grant. And, we’ve even drafted a proper step-by-step guide as to how trade with NJ Wealth Intraday.

Nj Wealth Intraday Trading & Benefits

Intraday Trading plays a vital role in building up the revenue for most full service brokers. However, the fact that it poses a lot more challenges to the traders as compared to regular trading, is a big problem.

In fact, the fear associated with Intraday Trading is somewhat overrated. That’s why companies often end up creating their own campaigns around Intraday Trading. This is to aware the traders of the enormous profits of commencing Intraday Trade. And, NJ Wealth Intraday trading is not so different from their peers.

That’s why we’ve created a complete list of the benefits they grant to the Intraday traders:

• The company offers a selection of certain brokerage packages. These packages can be selected by the clients. And, the selection is done as per the clients’ convenience. Furthermore, the company keeps the brokerage process completely transparent. Thus, the clients can totally rely on getting proper information about the charges they pay.
• A great offline reach is as well offered. In fact, NJ Wealth has over 280 branches spread across the nation. Thus the clients can easily avail offline facilities.
• The company is a depository participant for both CDSL and NSDL. Thus, the clients have no issues regarding the deposit of trade funds.
• Minimal margin money balance requirement is as well low. In fact, it only requires the customers to maintain a balance of Rs.3,000.
• The company takes special care of all the trading advisory. In fact, it has a dedicated team of analysts keenly focused on the market transitions. It provide all sorts of reports to help their clients in the form of NJ Wealth Intraday Tips, Monthly and Weekly Reports, Offline Advisory, Top Picks and what not. The company even grant their clients a dedicated Relationship Manager.
• Nj Wealth provides a good deal in terms of Trade Exposure or Trade Margin. In fact, their rate of providing 7x exposure to the clients is one of the highest in the industry.

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How to do Intraday Trading in Nj Wealth?

We’ve already told you about the benefits NJ Wealth provides. And, its rather obvious that you want to move on to the next step. So, we’ve enlisted all the steps you must take in order to initiate Intraday Trading in NJ Wealth. And, here’s how it all proceeds:

1. First of all, you must acquire one of the company’s Trading Accounts. This lays the very foundation of your trade and cannot be omitted. Anyway, there is nothing to worry if you’re yet to get your hands on one. All you need to do is follow some of our other articles. This will help you to go through the entire account opening process with ease.
2. Now, that you have access to one of their Trading Accounts, it’s time to move ahead. The next step is to access your account using one of their trading platforms. Therefore, you may opt either of their online or offline trading platfroms. Anyway, you’ll need the username and password provided by the company. It’s granted at the time of registration.
3. The third step is to finalize your preferable stocks. You may use the market related reports provided by the company for this. However, you must always create a watchlist. This helps in easily tracking the share rates you select.
4. The fourth and the last step is to trade in the shares you buy. For this, you must select the ‘Intraday Trading’ option within the ‘Buy / Sell’ menu of your account.

Know more about other Intraday Trading Brokers

Nj Wealth Intraday Charges

NJ Wealth Intraday brokerage, as mentioned above is a matter of clients’ preference. The company grants multiple options to select from. The range existes between 0.01% – 0.02%. Nonetheless, NJ Wealth Intraday charges can always be broken down into the following:

• A Transaction Charge worth 0.00325% over the total transaction amount.
• Securities Transaction Tax or simply STT worth 0.0126%. However, this is charged on the total turnover amount.
• 0002% worth of total turnover as SEBI turnover Charge.
• A certain amount dedicated to the required Stamp Duty. This amount is dependent on the laws of the state where the trade is executed.
• 18% worth of GST. This is charged on the sum of overall brokerage and transaction charge.

Take it in a simpler way. Consider that you want to trade across a company with unit share value of Rs.400. Now, if you get 1,000 shares then your holding will be worth Rs.4,00,000.

You have the shares for a couple of hours. And, you decide to sell them all at a hiked price of Rs.450 per unit. This will get you a total of Rs.4,50,000.

In other words, your profit should be of RS.50,000. However, you execute the trade from Uttar Pardesh, and you must pay a brokerage worth Rs.654.883. So, you make a net profit of Rs.49,345.117. The brokerage value is to be paid irrespective of profit or loss.

Nj Wealth Intraday Margin

Trade Margin is one of the best perks granted by the full service brokers. It allows the traders to fetch more shares at a time. The additional amount required to buy the extra shares is granted as loan by the brokerage firms. And, the amount is to be paid back by the traders.

Moreover, even an additional interest rate is applied over the loaned amount. In this case, NJ Wealth Intraday Margin is granted at a rate of 7x.

This means that the traders may enjoy upto 7x NJ Wealth Trading limits. In other words, if a trader has Rs.1,000 as his account holding fund, then he can get shares upto Rs.7,000. The remaining amount is to be returned as loan with proper interest, nontheless.

Find out Intraday Trading Details of other Stock Brokers

Nj Wealth Trading – Types

NJ Wealth Trading grants trading across several platforms. In fact, its platforms are developed for versatile usage.

The desktop and web app are compatible with both Windows and Mac based computers. On the other hand, the mobile apps have compatibility with both Android and iOS.

Typically speaking, the traders may even opt not to use than NJ Wealth Online Trading platforms. In that case, they must visit the company’s branches to use the trading terminals.

Nj Wealth Intraday Trading – Conclusion

NJ Wealth Intraday Trading poses a good option for the beginners. The company has reasonable brokerage. And, the plans can be selected by the clients.

Moreover, they have great offline presence. And, the platforms they’ve developed for online trading are highly praised by the experts as well. In short, we belive the company is great to initiate Intraday Trading with.

Open Nj Wealth Trading Account Now! – Fill up the Form

Know in detail about Intraday Trading of other brokers

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