Incorporated in 1992, Marwadi Shares & Finance Limited (Marwadi group) is leading full-service broking firm with 90+ branches and 1450+ channel partners based in Rajkot, Gujarat. Marwadi group has 20+ year of experience in capital market included Equity Trading, Commodity, Currencies Trading, distribution of Life & General Insurance products, portfolio management services and Wealth Management & Financial Planning Services.
Marwari group started their business in 1992 and got its first membership in NSE Cash segment in 1996 and in derivative market in 2000. From 2003 company is providing service in MCZ and NCDEX. In 2004 company got membership in BSE and converted in public limited company. Company has its own DP service. Now supporting institutional and corporate house trading.
Company also provides services in mutual funds and IPOs. Dedicated research cell known as “Habit”, provide daily, weekly and monthly research reports to its investors.
On Customer service – Not great customer service if you are trying to contact with the team over email. They don’t want to disclose their brokerage plans. No online chat or discussion forum.
Marwadi group empowers you with world-renowned research reports, finest trading platform, IPO investment, portfolio management services and so on for successful investment and trading comforts.
No online support, Plans are not available on website, Major presence in Gujarat only.
Here we are comparing Marwadi Group with its 5 close competitors on investment options.
| Broker | Marwadi Group | Sharekhan | 5paisa | Zerodha | SAMCO |
| Equity Trading Type | Yes | Yes | Yes | Yes | Yes |
| Currency Trading | Yes | Yes | Yes | Yes | Yes |
| Commodity Trading | Yes | Yes | Yes | Yes | Yes |
| Mutual Funds | Yes | Yes | Yes | Yes | No |
| MF SIP | Yes | Yes | Yes | Yes | No |
| ETF Investment | Yes | Yes | Yes | Yes | Yes |
| Banking | No | No | No | No | No |
| Insurance | Yes | Yes | Yes | No | No |
»» Trading Account Opening Charges: Free
»» Trading Account AMC: Free
»» Demat Account Opening Charges: Free
»» Demat Account AMC: Rs 300 PA
Marwadi Shares & Finance Limited (Marwadi group) claims to have competitive brokerage rates but they want you to approach them personally for any brokerage related queries. The Broker serve their clients personally as they have branches and sub-brokers office available across the country. They don't want to disclose their brokerage; they want to serve each customer as different as per their financial needs. Calling or personally visiting them may help here
For complete brokerage charges and trading plans detail please visit Marwadi Group Brokerage Charges.
Here we are comparing Marwadi Group with its 5 close competitors, who are currently market leader in brokerage industry.
| Broker | Marwadi Group | Sharekhan | 5paisa | Zerodha | SAMCO |
| Service Type | Full Service Broker | Full Service Broker | Discount Broker | Discount Broker | Discount Broker |
| Brokerage Range | 0.06% to 0.3% | 0.1 to 0.5% | Rs 10 | Rs 20 | Rs 20 |
| Account Type | 2 in 1 | 2 in 1 | 2 in 1 | 2 in 1 | 2 in 1 |
| Equity Delivery | 0.3% or 30 paisa | 0.5% or 50 paisa | Flat Fee Rs 10 | Free | 0.2% or Rs 20 whichever is lower |
| Equity Intraday | 0.03% or 3 paisa | 0.1% or 10 paisa | Flat Fee Rs 10 | 0.01% or Rs 20 whichever is lower | 0.02% or Rs 20 whichever is lower |
| Equity Futures | 0.03% or 3 paisa | 0.1% or 10 paisa | Flat Fee Rs 10 | 0.01% or Rs 20 whichever is lower | 0.02% or Rs 20 whichever is lower |
| Equity Options | Rs 50 Per Lot | 2.5% of Premium or Rs 250 per lot whichever is high | Flat Fee Rs 10 | Flat Fee Rs 20 | Flat Fee Rs 20 |
| Commodity | 0.03% or 3 paisa | 0.1% or 10 paisa | Flat Fee Rs 10 | Flat Fee Rs 20 | Flat Fee Rs 20 |
| Currency Futures | 0.03% or 3 paisa | 0.1% or 10 paisa | Flat Fee Rs 10 | 0.01% or Rs 20 whichever is lower | 0.02% or Rs 20 whichever is lower |
| Currency Options | Rs 30 Per Lot | 2.5% of Premium or Rs 30 per lot whichever is high | Flat Fee Rs 10 | Flat Fee Rs 20 | Flat Fee Rs 20 |
| Rating |
Please refer unique and accurate Marwadi Group Brokerage Calculator
Marwadi group is using Desktop base -ODIN Diet & NOW, Webbase - NET.net & NOW and mobile base trading platform from Financial Technologies (India) Ltd.
Marwadi group ODIN Diet Desktop Base Trading Platform – MG is using well reputed ODIN Diet trading platform. ODIN Diet is an application-based trading front office solution enabling clients to connect to Marwadi group servers via the Internet. This platform support trading in BSE Cash, NSE Cash, NSE F&O, MCX, NCDEX, MCX Currency. Fund can be transfer from 15+ banks in your account.
Marwadi group NOW Trading Platform – Direct connectivity to exchange server with high speed, investor can trade in BSE Cash, NSE Cash, NSE F&O, NSE Currency.
http://www.marwadionline.com – Web based trading platform using Net.net software, with various ad-on features like all segment broadcasts, multi-featured graphs, online payment gateways and automatic password mailer utility for better security. With this webbase portal investor can trade in BSE Cash, NSE Cash, NSE F&O, MCX, NCDEX segments.
www.nowonline.in – With Marwadi Group you can trade with NSE Now online portal. With this webbase platform, user can trade in BSE Cash, NSE Cash, NSE F&O, NSE Currency.
Marwadi Group Mobile Trading- NOW is Marwadi group's official mobile base trading application for Equity. The application enables clients registered with Marwadi group to trade in Indian Equity, Derivatives and Currency markets.
Fund Transfer from 15+ Banks are possible from Website, ODIN Diet, Net-Net Lite.
For detail review of mobile app and download please visit Marwadi Group Trading Platform Review.
Here we are comparing Marwadi Group with its 5 close competitors on Trading Platform.
| Broker | Marwadi Group | Sharekhan | 5paisa | Zerodha | SAMCO |
| Desktop Windows | Yes | Yes | Yes | Yes | Yes |
| Desktop Mac | No | No | No | No | No |
| Web Trading | Yes | Yes | Yes | Yes | Yes |
| Android Tablet App | Yes | Yes | Yes | Yes | Yes |
| Android Mobile App | Yes | Yes | Yes | Yes | Yes |
| iPhone App (iOS Mobile App) | Yes | Yes | Yes | Yes | No |
| iPad App | Yes | Yes | Yes | Yes | No |
| Mobile Site | Yes | Yes | Yes | Yes | Yes |
If you like what you have read and want to start trading, leave your contact information with us and we will guide you.
Ratings:
Brokerage - Average
Account Maintenance Fees - Average
Website Usability - Below Average
Customer Service - Below Average
Overall Experience - Average