Marwadi Group Brokerage and Demat Account Review 2019

Rated 3.5/5 by Top Share Brokers Team
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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.

Marwadi Group Brokerage and Demat Account Review - 2019

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.

Why to choose Marwadi Group as your stock broker?

  • All investment options - Equities, IPO, Mutual Funds, ETFs, Commodities, F&O.
  • Branch offices to give local support.
  • Multiple trading platforms.
  • Top 10 volume driver in BSE F&O segment during 2006 & 2007
LikesAdvantages

Research reports, branch office.

DislikesDisadvantages

No online support, Plans are not available on website, Major presence in Gujarat only.

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What are the Investments Options available with Marwadi Group?

Marwadi Group - Equity Cash and F&O
Yes
Marwadi Group - Currency F&O
Yes
Marwadi Group - Commodity Trading
Yes
Marwadi Group - Mutual Funds
Yes
Marwadi Group - ETF
Yes
Marwadi Group - Online IPO
No
Marwadi Group - Bonds Investment
Yes
Marwadi Group - Debt Investment
Yes
Marwadi Group - Banking Service
No
Marwadi Group - Insurance Service
Yes
Marwadi Group - MF SIP Investment
Yes

How is Marwadi Group with closest competitors?

Here we are comparing Marwadi Group with its 5 close competitors, who are currently market leader in brokerage industry.

Broker Marwadi Group ICICIDirect Sharekhan Zerodha ProStocks
Service Type Full Service Broker Full Service Broker Full Service Broker Discount Broker Discount Broker
Brokerage 0.06% to 0.3% 0.05 to .55% 0.1 to 0.5% Rs 20 Rs 15
Account Type 2 in 1 3 in 1 2 in 1 2 in 1 2 in 1
Monthly Plans No No No No Yes
Rating

Please refer unique and accurate Marwadi Group Brokerage Calculator


Marwadi Group Brokerage Plans Review - 2019

Brokerage and Commission Rated 3.5/5

    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

Marwadi Group Brokerage Charges - Basic Plan (Percentage Based)

Brokerage Plan Basic Plan (Percentage Based)
Flat Fee NA
Equity Delivery 0.3% or 30 paisa
Equity Intraday 0.03% or 3 paisa
Equity Futures 0.03% or 3 paisa
Equity Options Rs 50 Per Lot
Currency Futures 0.03% or 3 paisa
Currency Options Rs 30 Per Lot
Commodity 0.03% or 3 paisa

For complete brokerage charges and trading plans detail please visit Marwadi Group Brokerage Charges.

What are the various Product and Services offered by Marwadi Group?

Product & Services Rated 3.5/5
Marwadi Group - 3 in 1 Account
No
Marwadi Group - Multiple Plans
No
Marwadi Group - Monthly Plan
No
Marwadi Group - Yearly Plan
No
Marwadi Group - Portfolio
Yes
Marwadi Group - Charting
Yes
Marwadi Group - Automated Trading
Yes
Marwadi Group - AMO Order
Yes
Marwadi Group - Allow GTC Order
No
Marwadi Group - SMS Alerts
Yes
Marwadi Group - Margin Trade Funding
Yes
Combined Ledger for Equity and Commodity
No
Marwadi Group - NRI Trading
No

How to Open Trading and Demat Account with Marwadi Group?

  • Website: http://www.marwadionline.com/
  • Phone Numbers: 0281-6192000,2332001,7174000
  • Email: [email protected]

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What are the Customer Support options availabel with Marwadi Group?

Customer Support Rated 3.5/5
Marwadi Group - Phone Support
Yes
Marwadi Group - Toll Free Number
No
Marwadi Group - Email Support
Yes
Marwadi Group - Branch Offices
Yes
Marwadi Group - Live Chat
No
Marwadi Group - 24/7 Support
No

What are the trading platform offered by Marwadi Group?

Trading Platforms Rated 3.5/5

    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.

What are the Trading Platforms & Tools Options available with Marwadi Group?

Marwadi Group - Desktop Platform (Windows)
Yes
Marwadi Group - Desktop Platform (Mac)
No
Marwadi Group - Web Platform
Yes
Marwadi Group - Stock Alerts via Email
No
Marwadi Group - Stock Alerts via SMS
No
Marwadi Group - Virtual Trading
No
Marwadi Group - Watch-lists, streaming real-time quotes
Yes
Marwadi Group - Mobile App
Yes
Marwadi Group - Android Tablet App
Yes
Marwadi Group - Android App
Yes
Marwadi Group - iPhone App
Yes
Marwadi Group - iPad App
Yes
Marwadi Group - Mobile Trading Site
Yes


Final thought about Marwadi Group

Marwadi Group is type of broker who are more interested in carrying business through their sub brokers and branches in different cities. Their focus is to attract local customer city wise and not on centralized online trading. It can be visualized by simple site design and not many tools and platforms offered. Brokerage is also negotiable and can be find out by calling local sub broker of Marwadi Group in your city.

If you like what you have read and want to start trading, leave your contact information with us and we will guide you.

Compare Marwadi Group

Find out how Marwadi Group stacks up against other brokers

Marwadi Group User Reviews

avatar
3. jatin  Jun 23, 2018 10:02:19 AM IST Reply
customer services is average

Ratings:

Brokerage - Average
Account Maintenance Fees - Average
Website Usability - Below Average
Customer Service - Below Average
Overall Experience - Average
avatar
2. amit  May 31, 2017 3:25:51 PM IST Reply
avg about brokerage

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Below Average
Customer Service - Very Poor
Overall Experience - Below Average
avatar
1. Shah  May 3, 2016 5:56:25 PM IST Reply
OVERALL EXPERIENCE IS GOOD

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent

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