Goodwill Wealth Review – Charges, Trading Platforms, Demat Account, Offers & more

Goodwill Wealth Stock Broking stands tall as the frontrunner in the Indian stock market, providing investors with an unparalleled and customized journey.

With an extensive experience of more than ten years in the field, Goodwill has consistently garnered admiration and praise from esteemed institutions like NSE, BSE, and MCX, solidifying its position as a market leader.

The firm’s unwavering commitment to personalized and prompt services sets it apart in the competitive market.

In this Goodwill Wealth review article, we delve deeper into the offerings and strengths, providing readers with valuable insights into the company’s exceptional services, Goodwill Wealth charges, facilities, and track record of success.

Why trade or invest with Goodwill Wealth?

With an extensive client base of over 35,000 active clients, the firm has garnered trust and loyalty in the financial market.

Furthermore, Goodwill Wealth offers a seamless account opening process with no charges, making it convenient for new investors to start.

Additionally, the annual maintenance charge (AMC) stands at an affordable Rs. 500 per year, ensuring cost-effectiveness for investors.

Goodwill Wealth account distinguishes itself by eliminating subscription charges, making its services more accessible and appealing to potential traders and investors.

Find out Goodwill Wealth Brokerage here.

• Goodwill Wealth offers a Standard Plan with zero subscription charges.
• Goodwill Wealth brokerage rate equals 0.33% for equity delivery trades based on the trade value.
• Regarding equity intraday, equity future, currency future, and commodity future trades, Goodwill Wealth levies a brokerage charge of 0.03% of the transaction value.
• Goodwill Wealth enforces a fixed charge of Rs.30 per lot for equity, commodity, and currency options.

Goodwill Wealth Calculator

Calculate Brokerage Charges of Goodwill Wealth.

How to open a Goodwill Wealth Demat Account?

Here is step by step account opening process of Goodwill Wealth.

• Commence your journey with Goodwill Wealth by initiating the process of opening a Goodwill Wealth Demat Account. Access the “Open your Demat Account” button at the website’s bottom section.
• Following form completion, expect dedicated representatives from Goodwill Wealth to promptly reach out and extend comprehensive guidance and support throughout the account opening procedure.
• Submitting required documents and identification papers helps streamline the verification process.
• When verified, your account will be officially created, providing you with login credentials to manage your budget efficiently.

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This Goodwill Wealth review article explains how the firm provides user-friendly and powerful trading platforms and tools.

Traders can access the market through Android & iOS apps, offering convenience and flexibility.

The web-based trading platform allows for seamless trading and analysis directly through a web browser, while the trading terminal is designed to meet the needs of professional traders.

For global opportunities, a specialized platform allows trading in foreign stocks. Additionally, Goodwill Wealth offers a dedicated platform for hassle-free mutual fund investments.

Find below the features of the Goodwill wealth App, tools, and trading platforms:

Goodwill Wealth App:

Find out features of Goodwill Wealth App.

• The app provides robust charting tools and technical analysis capabilities.
• Goodwill Wealth app supports dark and light modes, allowing you to customize the app’s appearance based on your preference and reduce eye strain in low-light environments.
• The app is an all-in-one platform integrating various financial services and features.
• With the Wishlist feature, you can curate a personalized list of stocks, funds, or other investment opportunities you are interested in.

Goodwill Wealth Web Trading Platform:

Find out features of Goodwill Wealth Browser Platform.

• The platform offers a user-friendly interface for traders of all levels, ensuring practical usage.
• Goodwill Wealth offers real-time market data, including livestock prices, indices, commodities, and currency pairs.
• Users can create watchlists to efficiently monitor specific assets or markets and manage their investment portfolios effectively.
• Users can manage their accounts, track transaction history, and access account statements through the platform.

Goodwill Wealth Trading Terminal:

Find out features of Goodwill Wealth Trading Terminal.

• Access live prices and market depth.
• Access multiple markets like trade stocks, bonds, options, futures, and commodities.
• Perform technical analysis and apply custom indicators.
• Arrange charts and tools according to preferences.
• Develop and execute automated trading strategies.

Goodwill Wealth Foreign Stocks Trading Platform:

Find out features of Goodwill Wealth US Stock Investment Platform.

• The platform allows users to trade foreign stocks from various international exchanges, including significant stock markets worldwide.
• Goodwill Wealth facilitates currency conversion for trading foreign stocks.
• The platform offers up-to-the-minute market data for international stocks, providing live prices, order book depth, and market depth information.

Goodwill Wealth Mutual Funds Investment Platform:

Find out features of Goodwill Wealth MF Investment Platform.

• Investors can buy mutual funds online through the platform.
• It provides a convenient and streamlined process for selecting funds, making investments, and managing transactions digitally.
• It provides tools and resources to help investors research and analyze funds based on their investment objectives, risk tolerance, performance history, expense ratios, and other relevant metrics.
• The platform provides portfolio tracking and management tools to help investors monitor the performance of their mutual fund investments.

• Access valuable research reports for insights and analysis on stocks and market trends, aiding informed investment decisions.
• Receive complimentary trading calls with suggestions and expert insights on potential trading opportunities based on thorough market analysis.
• By referring friends or acquaintances to Goodwill Wealth, traders can earn Rs.250 per referred client, enjoying additional benefits and incentives for expanding the Goodwill Wealth community.
• Goodwill Wealth offers margin funding, allowing traders to leverage their investments and potentially enhance their trading positions, thereby maximizing opportunities in the market.

Goodwill Wealth SWOT Analysis

Below we have listed the detailed SWOT Analysis for Goodwill Wealth:

Strengths:

• Goodwill Wealth offers referral programs or incentives, allowing existing clients to earn rewards or benefits by referring new clients.
• With over 34,000 clients, Goodwill Wealth demonstrates its ability to attract and retain many users.
• Goodwill Wealth provides versatile brokerage plans for various investor needs and choices.
• Goodwill Wealth provides stock recommendations or investment insights to its clients.
• Such guidance can benefit novice investors or those seeking expert opinions.

Weaknesses:

• Goodwill Wealth may not offer robo-advisory services, which utilize automated algorithms to provide personalized investment advice based on individual risk profiles and goals.
• The absence of a flat brokerage fee structure may result in higher transaction costs for confident investors.
• Goodwill Wealth lacks the capability for multi-profile management, allowing investors to manage multiple investment accounts or portfolios within a single platform.

Opportunities:

• Goodwill Wealth can explore opportunities to improve personalization and multi-profile management capabilities.
• Goodwill Wealth can consider implementing a flat brokerage fee structure alongside its existing fee options.
• By developing or partnering with robo-advisory platforms, they can offer automated investment advice and portfolio management services.

Threats:

• Goodwill Wealth may face stiff competition from well-established financial institutions and brokerage firms with a strong market presence.
• Hackers or cyber criminals may attempt to gain unauthorized access to client information, leading to potential financial loss, reputational damage, and loss of client trust.
• Economic downturns or market volatility can impact investor confidence and investment activity.

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• Clients get fundamental reports through their Goodwill Wealth trading account that provide In-depth analysis of companies’ financials, industry trends, and market dynamics.
• The firm provides reports focusing on Initial Public Offerings (IPOs), offering insights into the company, industry, and potential investment opportunities.
• Goodwill Wealth gives comprehensive research reports covering various sectors, stocks, and market trends, providing valuable insights and recommendations for traders and investors.
• Clients can benefit from technical reports that analyze price patterns, market trends, and technological indicators, helping them identify potential trading opportunities.
• Skilled relationship managers are dedicated to providing personalized support, handling inquiries, and providing guidance to clients.

• Clients can trade in equity delivery, commodity F&O carry forward, currency F&O and equity F&O move forward positions with a Goodwill Wealth margin of 1x.
• Intraday equity trading offers traders the potential to access Goodwill Wealth leverage of up to 5x, depending on the specific stocks they choose.
• Intraday trading for equity F&O and commodity F&O provides a leverage option 1.3x.

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Discount Plus

To get in touch with Goodwill Wealth Customer Care, you can use the following contact details:

• Reach them at 044-40329999 to speak with their support team directly.
• Send your queries and concerns to [email protected].
• Visit their website for more information and updates. Additionally, you can connect with them on Twitter and Facebook for the latest news and announcements.
• If you prefer in-person assistance, you can visit their office to address your queries or discuss your investment needs.

Goodwill Wealth complaints equal 26, of which 22 have been successfully resolved, ensuring an impressive 84.62% resolution rate.

This indicates the company’s commitment to addressing customer concerns promptly and effectively, instilling confidence in their clients, and providing a positive trading experience.

Goodwill Wealth Charges

Check out various Goodwill Wealth Charges.

• Goodwill Wealth Account Opening Charges: A nominal fee of Rs.200 is applicable to initiate an account with Goodwill Wealth.
• Annual Maintenance Charges (AMC): Keeping the account active and operational incurs a yearly maintenance charge of Rs.350.
• STT & CTT Charges:
• Equity Delivery incurs a charge of 0.1% on both buy and sell transactions.
• Equity Intraday has a rate of 0.025% on sell transactions.
• Equity Future has a rate of 0.0125% on sell transactions.
• Equity Option levies a rate of 0.125% on buy transactions and 0.0625% on sell transactions.
• Commodity Future charges 0.01% on sell transactions.
• Commodity Option has a rate of 0.05% on sell transactions.

Goodwill Wealth Hidden Charges

In addition to the above charges, there are certain hidden charges to be aware of.

• SEBI Turnover Charges: Rs.10 per crore of turnover fee applies across all segments.
• DP Charges: There is a Rs.30 per scrip for sell transactions.
• GST: Brokerage, SEBI, and transaction charges are subject to 18% GST.
• Dematerialization Charges: Rs.25 per certificate is applicable for dematerialization.

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Goodwill Wealth Review – Conclusion

In conclusion, this Goodwill Wealth review piece tells us that the firm is a prominent player in the Indian stock market, offering personalized and prompt services to investors.

With a strong track record of resolving customer complaints and a high percentage of resolved issues, they prioritize customer satisfaction.

The transparent fee structure, free research reports, trading calls, referral offers, and margin funding add value to their offerings.

The availability of various trading platforms, comprehensive research and advisory services, and a relationship manager’s dedicated assistance collectively enrich the overall trading experience.

Goodwill Wealth FAQs

Here we have listed the FAQs related to the Goodwill Wealth Review:

Is Goodwill Wealth a Secure Broker?

Certainly, Goodwill Wealth is a reliable and trusted broker.

Is Goodwill Wealth Suitable for Novice Traders?

Goodwill Wealth is an excellent platform for beginners.

How Many Active Clients Does Goodwill Wealth Have?

The company has around 34,000 clients who actively trade with them.

Who Founded Goodwill Wealth?

The founder of Goodwill Wealth is Gandhimathi Baskaran.

Does Goodwill Wealth Offer Free Delivery Trading?

No, Goodwill Wealth does not provide free delivery trading. The fee for delivery trading is 0.33%.

What are the Intraday Trading Charges at Goodwill Wealth?

At Goodwill Wealth, the charges for intraday trading are 0.03%.

What are the F&O Charges at Goodwill Wealth?

Goodwill Wealth charges 0.03% of the transaction value for futures, and for options, it is Rs. 30 per lot.

Does Goodwill Wealth Charge for Commodity Trading?

Yes, Goodwill Wealth charges for commodity trading. The fees are 0.03% of the value for futures and Rs. 30 per lot for options.

Does Goodwill Wealth Charge for Currency Trading?

Goodwill Wealth charges 0.03% for currency futures and Rs. 30 per lot for currency options.

Does Goodwill Wealth Provide Research Services?

Yes, Goodwill Wealth offers research and advisory services to its clients.

How Can I Contact Goodwill Wealth Customer Care?

You can contact Goodwill Wealth’s customer care via email at [email protected] or by calling 044-40329999.

What is the AMC at Goodwill Wealth?

The annual maintenance charge at Goodwill Wealth is Rs. 350 per year.

What are the Account Opening Fees at Goodwill Wealth?

The account opening charges at Goodwill Wealth amount to Rs. 200.

What are the Pledge Creation Charges at Goodwill Wealth?

The charges for pledge creation at Goodwill Wealth are Rs. 35 per scrip.

How much are the Pledge Invocation Fees at Goodwill Wealth?

The charges for pledge invocation at Goodwill Wealth are Rs. 25 per scrip.

Does Goodwill Wealth Impose Interest on Margin Trade Funding?

Goodwill Wealth applies an interest rate of 0.09% daily on margin trade funding.

What are the DP Charges at Goodwill Wealth?

The DP charges at Goodwill Wealth are Rs. 30 per scrip for selling.

Does Goodwill Wealth Charge Account Closure Fees?

No, Goodwill Wealth does not levy any fees for account closure.

What are the Account Reactivation Fees at Goodwill Wealth?

There are no charges for account reactivation at Goodwill Wealth.

What are the Call & Trade Charges at Goodwill Wealth?

Goodwill Wealth does not impose any charges for call & trade services.