Goodwill Commodities Brokerage Charges and Transaction Charges
Goodwill Commodities is a decade old stockbroker, incorporated in the year 2008 by Gandhimathi Baskaran in Chennai. Goodwill commodities and wealth management is a full-service broker having expertise in commodity trading and investment. Goodwill commodities offers service in Equity, Currency, Derivative, Commodity, Mutual Funds and IPO. As a Depositary participant of CDSL and NSDL, Goodwill wealth is a proud member of BSE, NSE, MCX and other national exchanges with client base of more than 70,000 clients.
Goodwill wealth charges a minimum of 0.01% and maximum of0.02% brokerage which overall is very minimal. As a full-service broker, brokerage charges in Goodwill Commodities are based upon the total percentage of turnover value. It is known for the highest margin limit in the stock brokerage industry and deserves the tag of ‘High Limit/Margin Provider’.
Goodwill Wealth has its own trading platform named as ‘Giga’. It is very user-friendly application with clean user interface. Goodwill commodities is dedicated to provide best facility to their customers. Goodwill commodities offers most qualified advisory services and it has been rewarded thrice by NSE.
Goodwill commodities offers trading services to buy and sell stocks, future and options (In equity, currency and commodity segments).
Segment
Charges
Demat Account Opening Charges
Nil
Trading Account Opening Charges
Nil
Demat Account Annual Maintenance Charges
Nil
Trading Account Annual Maintenance Charges
Nil
Goodwill Commodities/Wealth Brokerage Charges
Goodwill Commodities charges very minimal brokerage and based upon the total percentage of turnover value.
Segment
Charges
Equity Intraday
0.01% to 0.020%
Equity Delivery
0.01% to 0.020%
Equity Futures
0.20% to Rs.50/lot
Equity Option
0.20% to Rs.50/lot
Currency Future
0.01%
Currency Option
0.01%
Commodity Future
0.01%
Commodity Option
0.01%
Goodwill Wealth/Commodities Margin/Limit
In the stockbroker industry, Goodwill wealth is one of the highest margin provider. It is a best broker for the traders who need high margin with lowest brokerage.
Segment
Charges
Delivery
Upto 2x
Intraday
Upto 2x
Currency Future
Upto 2x
Currency Option
Upto 3x
Equity Future
Upto 2x
Equity Option
Upto 5x
Commodities
Upto 5x
Goodwill Wealth Other Charges
Segment
Charges
Transaction Charges
0.00333%
STT Charges
0.0126% of total turnover
SEBI Turnover Charges
0.0002% of total turnover
Stamp Duty
Depends on state (Very Minimal)
GST
18% of (Brokerage and Transaction Charges
Goodwill Wealth/Commodities Services
GoodwillCommodities is well known brand in the field of share market. It offers a wide range of products and services and always dedicated to provide best services.
Products/Services
Availability
Equity Trading
Yes
Commodity Trading
Yes
Currency Trading
Yes
Mutual Funds
Yes
Forex
No
Banking
No
SIP
Yes
Options
Yes
Futures
Yes
Insurance
Yes
3 in1 Account
No
IPO Services
Yes
Intraday Services
Yes
Demat and Trading Services
Yes
Advantages & Disadvantages of Goodwill Commodities
This platform provides you a wide range of advance tool for charting, trading and technical analysis. Goodwill have transformed the face of trading. This platform is integrated with the latest technology which is secure, reliable and user friendly.
This is the process by which physical certificates of an investor are converted to an equivalent number of securities in electronic from and credited to the investor’s account.
Yes, Goodwill is the trading member of the MSEI. Traders/Investors need to open a trading account and after that participants need to deposit stipulated cash or collaterals with the trading member.
SLBM stands for Stock Lending and Borrowing Mechanism. Stock or Security Lending and Borrowing (SLB) is an opportunity in which a trader can lend the stocks that they own and also a trader can borrow shares that they do not already own. In this way, a trader can earn a lending fee for the stocks lend.
Nobody knows the actual price at which the share is quoted on listing in the stock exchange, sometimes it could be less than the offered rate. This totally depends on demand and supply of the shares, company’s performance, overall economy etc.
It is advisable to transact through a SEBI registered intermediary. If you want to buy or sell any security on stock exchanges then you need to transact through a trading member of a stock exchange and also if you intend to hold securities in demat form then you need to maintain an account with a depositary.
Some useful points are as follows :
• Always make sure that your broker must be SEBI registered.
• Sign an agreement with your broker or sub-broker setting out terms and conditions clearly.
• Always insist on contract notes from your broker or sub-broker.
• Be sure that you give all your required details in the “Know Your Client” form.
• Always remember to keep copies of all the investment documents, application forms, acknowledgements slip, contract notes etc.
• Never ignore your expenses as well as if there is any doubt regarding transactions, make sure to discuss it with broker or sub-broker.
• If your broker or sub-broker is not resolving your problem or complaints within a reasonable period of time then bring it to attention of the “Investor Grievances Cell” of the NSE.
• Self-assessment is very important before investing. You must know your capabilities before venturing in the market.
MSEI stands for Metropolitan Exchange of India Limited. It is an electronic platform for trading in capital market, future and options, currency derivative and debt market segments.
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