MarketWolf Review – Charges, Trading Platforms, Demat Account, Offers & more

In this analysis, you will find details about MarketWolf Review. Vishesh Dhingra and Thomas Joseph are the co-founders of MarketWolf, which was established in 2017.

This private discount brokerage house runs its operations from Mumbai. Previously registered as FnO Play, MarketWolf is an intra-trading platform that helps new traders gain an innovative trading experience.

Another major plus point is that MarketWolf Charges brokerage from its profitable traders, and losing trades are free from the brokerage.

This article put together the MarketWolf Review, from brokerage charges to tools and swot analysis, enabling traders to make an informed decision.

Why Trade or Invest with MarketWolf?

These points highlight the reasons to have a MarketWolf Account and trade with the company:

• MarketWolf is the go-to platform for traders new to trading in the Indian stock exchange market. This platform provides real-time trading training sessions, which are also free.
• The company features a risk management system with a profit and stop-loss segment. By accessing this system, traders can easily manage their trading risks.
• The e-KYC of the discount brokerage house is power-packed with Legality. It digitally executes its client’s highly sensitive agreements.
• To trade with MarketWolf, traders can have a low budget. For instance, they need Rs. 50 to trade in Commodity or Currency.

MarketWolf offers a ‘Standard’ Brokerage Plan. The firm charges no fees for subscription and Equity Delivery.

Moreover, the Account Opening and Account Maintenance charges are nil. In addition, the brokerage on profitable trade is flat at 10%, with no brokerage on losing trade.

MarketWolf Brokerage charges for Equity Intraday, Equity Future, and Equity Option are the same, i.e., Rs.20 per Trade.

There are zero charges for Commodity Future and Option and Currency Future and Option.

MarketWolf Calculator

Calculate Brokerage Charges of MarketWolf.

How to Open MarketWolf Demat Account?

The company allows traders to open MarketWolf Demat Account without paying any fees. Consider following these steps to open a Demat account with MarketWolf:

1. Enter all necessary details in the below-given form to open a free Demat account.
2. Submit supporting documents such as a Pan Card and details of the Bank you want to transact with.
3. Complete the e-KYC details verification process.
4. Get a Demat Account Number and open the account.

Open Free Demat Account Now!

Invest with Zero Brokerage

Submit

Loading...

Thank you for sharing your details, We will connect with you Shortly!

MarketWolf App, i.e., MarketWolf: Anyone Can Trade app, is developed for Android and iOS mobile devices.

This app lets you create a wishlist, access real-time updates and interactive charts, and view your portfolio details.

Moreover, the brokerage house has launched only a single trading platform for mutual funds.

Traders can now invest in mutual funds online with MarketWolf’s Mutual Fund Investment Platform.

The brokerage house offers a robust trading app, i.e., MarketWolf: Anyone Can Trade. This app helps beginner traders demystify the complex world of stock exchange trading.

Before adding any new feature to this mobile-friendly trading app, the firm passes them through the litmus test of increasing the possibility of a trade making profits or minimizing the likelihood of loss-making trade.

MarketWolf App

Here is the MarketWolf Review of its trading app:

• MarketWolf: Anyone Can Trade feature is available for Android and iOS users.
• With over 1.5 million downloads, the app enables traders to invest and trade in Stocks, Mutual Funds, Options, Futures, and ETFs.
• The app features a state-of-the-art risk management system. It offers a unique stop loss/book profit mechanism to manage the trading risk of the users actively. With this feature, MarketWolf’s app ensures that users do not lose more than the risk level they set in their trade.
• Moreover, MarketWolf: Anyone Can Trade offers transparency by enabling users to track their withdrawals in real time. It allows real-time monitoring of users’ funds until they are credited to their bank account.
• You can create a wishlist by adding the financial instruments you desire to trade and invest in.
• Users can access real-time updates and interactive charts to make informed trading decisions.
• In addition, you can view your portfolio details.

Below listed are the MarketWolf offers:

• MarketWolf allows traders to open a Demat account without charging account opening and maintenance fees.
• The brokerage house offers flat brokerage and limited free brokerage.
• Traders can avail of free delivery trading.
• You can also participate in its referral program and earn 20% of its revenue.

MarketWolf SWOT Analysis

Here are the various details related to MarketWolf SWOT Analysis.

Strength

• Free trading practices without KYC verification.
• Accepting funds deposits via multiple payment modes, such as UPI, PayTM, NEFT, RTGS, GPay, etc.
• Quick withdrawal process and crediting amount within a single business day.
• Traders can only have access to highly liquid and quality stocks.
• Charges 10% brokerage on profit-making trade and zero brokerage on loss-making trade.

Weakness

• Offers limited trading platforms.
• No 3-in-1 account facility.
• No Happy Trading Hours and free Intraday and F&O trading.

Opportunities

• The company can expand its product offerings by providing commodity F&O, currency F&O, foreign stocks, and more.
• It can work on its research department and provide stock recommendations to traders.
• MarletWolf should consider providing Portfolio Management Services (PMS) to attract more clients.

Threat

• Not evolving with changing markets can lead to a huge setback.
• Full-service discount brokerage firms offering various financial products and services are a major threat.
• Limited technological innovation drives fewer clients toward the company.

Check out Business Opportunities with Similar Brands

Zerodha

Upstox

Groww

Angel One

ICICI Direct

5Paisa

HDFC Securities

Kotak Securities

IIFL Securities

Motilal Oswal

There is no separate research and advisory department at MarketWolf.

• You can’t access Fundamental, Research, Company, or IPO reports by logging in to the MarketWolf Trading Account.
• In addition, the company doesn’t provide stock tips, daily market reviews, or top stock picks.
• Also, MarketWolf needs to catch up when it comes to Relationship Manager and Robo Advisory support.

MarketWolf Margin and leverage that an investor can retain are as follows:

• 1x margin and leverage for Equity Delivery.
• For Equity Intraday, you can have a maximum 5x margin.
• 1x margin is fixed for Equity F&O Carry Forward and 1.3x for Equity F&O Intraday.
• The margin and leverage incentive for Commodity F&O Carry Forward is 1x, and Commodity F&O Intraday is 1.3x.
• For Currency F&O, you can retain at most 1x.

Check out Business Opportunities with Similar Brands

Sharekhan

SBI Securities

Paytm Money

Axis Direct

Choice Broking

Geojit

Nuvama

Espresso

Fyers

SMC Global

Users can access MarketWolf Customer Care for 24 hours, all seven days, through an in-app help center.

The firm provides dedicated customer call support at 7021723249 and email support at [email protected].

Furthermore, you can also contact MarketWolf’s customer care team via WhatsApp number 7827646482.

Now that the brokerage house is available on Facebook, Twitter, and Telegram, visit their profile for questions, feedback, or complaints. Additionally, you can visit the company’s official website.

Talking about MarketWolf Complaints statistics, only 2 customers lodged their complaints. And the organization resolved both these complaints.

Therefore, the percentage of resolved complaints is 100%. In addition, non-actionable complaints were zero, meaning the percentage of non-actionable complaints was 0%.

MarketWolf Charges

There are different types of MarketWolf charges:

Account Opening Charges

• MarketWolf Account Opening Charges and maintenance fees are zero.

STT & CTT Charges

• 0.1% for Equity Delivery’s buy and sell-side
• 0.025% for Equity Intraday sell side
• 0.0125% for Equity Future sell side
• 0.01% for non-agricultural Commodity Future sell side

Stamp Duty Charges

• 0.003% for Equity Intraday buy-side
• Equity Option buy-side charges are 0.003%
• 0.003% for Commodity Option buy-side
• 0.0001% for Currency Future buy-side

Transaction Charges

• 0.00345% for Equity Delivery, according to NSE and BSE
• According to NSE and BSE, 0.00345% for Equity Intraday
• 0.53% for Equity Option on premium

 Pledge Charges

• There are no charges for Pledge Creation and Invocation. Interest on Margin Trading is zero.

Hidden Charges

• SEBI Turnover charges for all segments are Rs.10 / crore.
• DP charges are Rs. 15 / Scrip on the sell side.
• GST accounts for 18% of SEBI, Brokerage, and Transaction charges.

Open Free Demat Account Now!

Invest with Zero Brokerage

Submit

Loading...

Thank you for sharing your details, We will connect with you Shortly!

MarketWolf Review – Conclusion

If you are browsing for a trading platform to deepen your trading knowledge, MarketWolf is established for the learners like you.

After going through the MarketWolf Review, we discovered that the company allows newbie traders to learn about the stock exchange market and trading strategy.

Moreover, you can gain trading experience without investing your funds or worrying about losing them.

The discount brokerage house offers quite a decent product line with equity delivery, intraday, option, and future and mutual funds.

FAQs on MarketWolf

Check out various FAQs related to MarketWolf Review here.

Is MarketWolf a Safe Broker?

MarketWolf is a registered member of SEBI and some popular Indian stock exchanges, including CDSL, NSE, and MCX.

In addition, it provides highly liquid and profitable stock options, making trading much safer for investors.

Is MarketWolf Good for Beginners?

MarketWold is a perfect brokerage house for new traders as it provides an innovative trading experience.

Moreover, the firm organizes training sessions for newbie traders to aid them in learning the basics of trading in the stock exchange market.

How many active clients does MarketWolf have?

Marketwolf has more than 1.84 Lakh active clients all over the nation.

Who is the Founder of MarketWolf?

Vishesh Dhingra and Thomas Joseph are the co-founders of MarketWolf. And the discount brokerage house commenced its operation in 2017.

Does MarketWolf provide Free Delivery Trading?

With MarketWolf, investors can have access to free Delivery Trading.

What are Intraday Trading Charges in MarketWolf?

When trading in the stock exchange with MarketWolf, you need to pay Rs. 20 for each trade.

What are MarketWolf F&O Charges?

MarketWolf charges Rs. 20 per Trade for Equity Future and Equity Options.

Does MarketWolf charge for Commodity Trading?

On the sell side, STT and CTT charges for Commodity F&O are 0.01% and 0.05%, respectively. The company’s stamp duty charges for Commodity F&O are 0.002% and 0.003% on the buy side.

Does MarketWolf charge for Currency Trading?

MarketWolf’s stamp duty charges for Currency Option and Future are 0.003% and 0.0001%, respectively.

Does MarketWolf provide Research?

There is no separate research and advisory department at MarketWolf. You can’t access Fundamental, Research, Company or IPO reports, stock tips, daily market reviews, or top stock picks.

How to contact MarketWolf Customer Care?

You can contact MarketWolf Customer Care through an in-app help center, phone number 7021723249, and email at [email protected].

Furthermore, you can also visit their profile on Facebook, Twitter, and Telegram.

How much is AMC in MarketWolf?

MarketWolf specifies no account maintenance charges (AMC). You can keep the Demat account with the firm without paying any fees.

What are Account Opening Fees in MarketWolf?

Like AMC, there are no Demat Account opening fees in MarketWolf.

What are Pledge Creation Charges in MarketWolf?

There are no charges for Pledge Creation in MarketWolf.

How much are Pledge Invocation Fees in MarketWolf?

There are no fees for Pledge Invocation in MarketWolf.

Does MarketWolf levy any Interest on Margin Trade Funding?

No, an investor need not pay any interest on Margin Trade Funding.

What are DP Charges in MarketWolf?

Depository Participant (DP) charges in MarketWolf are Rs. 15 for each Scrip on the sell side.

Does MarketWolf levy any Account Closure Fees?

MarketWolf does not levy any Account Closure Fees from their active clients.

What are Account Reactivation Fees in MarketWolf?

MarketWolf does not levy fees for reactivating their active client’s Demat account.

What are Call & Trade Charges in MarketWolf?

MarketWolf charges Rs. 100 for each trade as Call & Trade fees on its active clients.