NJ Wealth is a prominent and renowned financial service provider in the city of Surat, Gujarat.
This article will offer you comprehensive detail on NJ Wealth Review, its Demat and trading account opening charges, trading platform and its features, and so on.
|Nj Wealth Highlights|
|Broker Type||Full Service Broker|
|Demat Account AMC||Free|
|Margin Required||Minimum Rs.3,000|
|Intraday Brokerage||0.01% – 0.02%|
|Delivery Brokerage||0.1% – 0.2%|
What do you know about Nj Wealth?
NJ Wealth reviews are described by giving out comprehensive detail about them.
NJ Wealth is a private full-service stock broking company established in the year 2000 in Surat; Gujarat. The founder of the company is Mr. Niraj Ravindra Choksi. NJ Wealth is a comprehensive online trading platform that empowers investors to have access to their entire portfolio across mutual funds, direct equity, IPOs, and Bonds along with their current valuation in one place.
Investors can effortlessly buy and sell investments just with a single mouse click or even call anytime from anywhere in the world. The transaction process is prompt, and smooth and leaves no stone unturned to make comfort.
|About Nj Wealth|
|Know a few details about Nj Wealth|
|Which type of Company is it? – Public / Private||Private|
|Which type of Broker is it? – Full Service / Discount||Full Service Broker|
|Where is the registered office of the Company Located?||Surat, Gujarat|
|Who is the Founder of this Company?||Niraj Ravindra Choksi|
|When did the company start?||2000|
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What are the various Demat Account Opening Charges levied by Nj Wealth?
Although the money margin requirement of NJ Wealth is free the company imposes demat account opening charges of Rs.300 and Demat Annual maintenance charges of Rs.250.
The company also asks for Trading account annual maintenance charges (AMC) of a minimum of Rs.300. The company also offers a dematerialization account facility to the customers. NJ Wealth is engaged in dealing with Depository Participants CDSL & NDSL
|Nj Wealth Demat Account Opening Fees|
|Check out the various fees charged for Opening a Demat Account with Nj Wealth|
|Which is the Depository Participant involved?||CDSL & NSDL|
|What are the Demat account opening charges?||Rs.300|
|How much is the Demat AMC?||Free|
|What is the Trading AMC?||Rs.250 per Annum|
|What is the initial Margin amount required?||Minimum Rs.3,000|
|Is dematerialization available?||Yes|
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Does Nj Wealth provide any Offers to their Clients?
NJ Wealth offers extended by them to the investors are highly beneficial, some of the offers rolled out by NJ Wealth are as follows:-
- Flexible brokerage Plans
- The initial Money margin requirement is free
- User-friendly offline and online trading platforms
- Attractive Broad-range of products
|Nj Wealth Offers|
|Here are the various offers provided by Nj Wealth|
|Does the broker provide a Free Demat A/C offer?||No|
|Does the broker provide Free Trading A/C offer?||No|
|Is this broker offers a Discount on Brokerage?||No|
|Does the broker offer Happy hour trading to their clients?||No|
|Is the broking house provides a flexible brokerage plan?||Yes|
|Does the broker offer 1-month Free brokerage?||No|
|Are the Holiday offers provided by the broker?||No|
|Are there any referral offers shared by the broker?||No|
|Zero Brokerage for Loss-Making Trades||No|
What are the Brokerage Charges levied by Nj India on various Segments?
The NJ Wealth brokerage charges are primarily the charges levied on the investors for hiring brokerage services.
Here you can see comprehensive detail of the NJ Wealth brokerage charges levied o the investors
The company imposes minimum charges of 0.01%-0.02% in the category of, Equity Intraday charges, Commodity Trading, Equity futures, and Equity Option Currency Futures. The brokerage charges for the Currency option are Rs.10-Rs20 per lot.
The company does not ask for the minimum margin money. The minimum margin requirement is absolutely Zero. Trading AMC charges are free.
|Nj Wealth Brokerage Charges|
|Here you will find details of brokerage levied by them on all segments|
|What are the Equity Delivery Charges?||0.1% – 0.2%|
|What are the Equity Intraday Charges?||0.01% – 0.02%|
|How much brokerage charged for Commodity Trading?||0.01% – 0.02%|
|What is the brokerage on Equity Futures?||0.01% – 0.02%|
|How much brokerage charged for Equity Options?||Rs.10 – Rs.20 per Lot|
|What is the brokerage on Currency Futures?||0.01% – 0.02%|
|What is the brokerage on Currency Options?||Rs.10 – Rs.20 per Lot|
|How much is the Minimum Brokerage required?||Percentage of Transaction|
|What is the Demat AMC?||Free|
|How much is the Trading AMC?||Rs.250 per Annum|
|What is the Minimum Margin Required?||Minimum Rs.3,000|
Does Nj Wealth levy any other charges apart from Brokerage?
Apart from the NJ Wealth account opening charges and brokerage charges, the NJ Wealth Charges are also imposed on the investors such as Transaction Charges of 0.00325%, STT charge of 0.0126% of Total Turnover, SEBI turnover charges of 0.0002% of Total Turnover, Stamp duty imposed on the investors relies on the state and it is very minimum and GST charges imposed on the investors is 18% of (Brokerage + Transaction Charges)
|Nj Wealth Charges|
|Get a deep understanding of all other charges levied by them|
|How much are the Transaction Charges levied?||0.00325%|
|What are the STT charges?||0.0126% of Total Turnover|
|What are the SEBI Turnover charges?||0.0002% of Total Turnover|
|How much is the Stamp Duty levied?||Depends on State (very minimal)|
|How is the GST charged?||18% of (Brokerage + Transaction Charges)|
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What is the Limit or Exposure offered by Nj Wealth?
The NJ Wealth exposure offered in different categories is minimum. The highest NJ Wealth Limit or margin offered on the Equity option is 5x and the minimum exposure offered by the company is 1x and that lies in the category of Currency Future.
The exposure is the risk involved in the products offered by the company. Although the company does not offer high exposure to clients it is still one of the leading and reliable stock broking companies.
|Nj Wealth Exposure or Leverage|
|Here you will find the exposure or limit provided by them|
|How much is the limit on Equity Delivery?||Upto 2X|
|What is the limit on Equity Intraday?||Upto 7X|
|How much is the limit on Equity Futures?||Upto 4X|
|What is the limit on Equity Options?||Upto 5X|
|What is the exposure on Currency Futures?||Upto 1X|
|How much is the leverage on Currency Options?||Upto 3X|
|What is the limit on Commodity Trading?||Upto 3X|
How to open an NJ wealth trading and demat account?
To open an NJ Wealth trading and demat account, the following documents are required:-:-
Aadhar Card, Pan Card, Passport size photo Address Proof.
Here is the step-wise process of NJ Wealth Account Opening –
- Click on the link given below and fill out the given Demat Account Opening form.
- You will get a call from a company representative to verify your details
- You can even visit your nearby branch and get your account open by providing them with all the necessary information and documents
- For your ease, you can send an e-mail and call on the company’s toll-free number and ask them to open your account. They will ask you for all the details and will tell you to deposit the document required for opening an account
- Your account will be activated within 1-2 days after verification of all your documents
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What are the various Trading Platforms provided by Nj Wealth?
Some of the user-friendly NJ Wealth trading platforms extended to the investors are:-
NJ WEALTH TRADING TERMINAL
The NJ Wealth trading terminal platform can be operated both on Windows and Mac. A user can use this platform without any trouble as it is hassle-free to operate and even can be installed within a short time.
The present rate of the stocks, Real-time current information related to the stock market can easily be viewed through this platform
NJ WEALTH MOBILE TRADING APP
The NJ Wealth mobile trading app can easily be installed on Android, IOS, and Windows. Through this app, traders can easily get information on n stock market on mobile apps. As mobile can be conveniently taken anywhere so that the user can view the stock rate and market information anywhere and anytime.
NJ WEALTH WEB TRADING PLATFORM
It can be operated through a web browser without installing any software. Users can view entire information on mutual funds, iPos, bonds, etc. Users can operate this trading platform smoothly. Each and every piece of information related to the user’s trade and stock market can be easily seen on this platform.
|Nj Wealth Trading Platforms|
|Here you will find all the important trading platforms available to them|
|Do they have Trading Terminals for Windows?||Yes|
|Do they have Trading Terminals for Mac?||Yes|
|Are they providing Web Trading Platforms?||Yes|
|Do they have a Mobile Web Platform?||Yes|
|Does this broker provide Mobile Trading App for Android?||Yes|
|Does this broker provide Mobile Trading App for iOS?||Yes|
|Are they having Mobile App for Windows OS?||No|
|Do they have Mobile Trading App for Other OS?||No|
What are the features available in Nj Wealth Trading Applications?
Here are some of the features available on the NJ Wealth Trading Applications
NJ Wealth Trading Terminal Features
- User –Friendly
- Real-Time updates can be seen
- Orders can be directly placed from the charts
The NJ Wealth Mobile Trading App Features
- Convenient to operate
- Can be operated anywhere
- Historical data can be easily
- Trading can be done across multiple segments
NJ Wealth Web Trading Platform Features
- News can be seen through this platform
- Research reposts can be seen
- The current rate of stock and real-time information can be viewed
|Nj Wealth Trading Application Features|
|Here you will find various features available in Trading Platforms provided by them|
|Are these platforms capable of Real-time Updates?||Yes|
|Do these Applications provide Portfolio Details?||Yes|
|Is this software providing Online MF Buy?||Yes|
|Do these platforms have News Flash?||Yes|
|Are these platforms providing Research Reports?||Yes|
|Are these platforms Easy to Install & use?||Yes|
|Do these Apps have Global Indices?||Yes|
|Are these platforms having Stock Tips?||Yes|
|Does this software provide Personalized Advisory?||No|
|Are these platforms capable of Interactive charting?||Yes|
|Do these Apps provide Live Markets data?||Yes|
|Do they provide SMS Alerts?||Yes|
|Are they providing Email Alerts?||Yes|
|Do these platforms have a Multi-Account Management solution?||No|
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What are the various Products provided by Nj Wealth?
There are various ranges of products offered by the company to its customers for the customer’s sake. Here is the comprehensive detail of the NJ Wealth products issued to the investors. Products offered are Equity, Commodity, Currency, Options, Futures, Mutual funds, and SIP. Customers can choose any of the products according to their needs and convenience.
|Nj Wealth Products|
|Here are the various products provided by them|
|Does the broker allow Equity Trading?||Yes|
|Does the broker allow Commodity Trading?||Yes|
|Do they have Currency Trading products available?||Yes|
|Do they provide Options trading?||Yes|
|Are the clients allowed to trade in Futures?||Yes|
|Do they have Mutual Funds as a product?||Yes|
|Does the broker allow Forex trading?||No|
|Does the broker have Banking products?||No|
|Is SIP allowed by the broker?||Yes|
|Do they have Insurance as a Product?||No|
What are the various Services offered by Nj Wealth?
Along with the products, the broking companies also engaged in offering various services to the customers. Some of the NJ Wealth services offered to the investor’s are:-Demat account opening services; Trading accounts services, Stock recommendation, and Portfolio management services. The highest trading exposure offered by the broking company is 20x.
|Nj Wealth Services|
|Check out the various services provided by Nj Wealth|
|Does the broking house provide Demat Services?||Yes|
|Does the broking house provide Trading Services?||Yes|
|Do they have 3 in 1 Account i.e. Demat, Trading & Savings A/C?||No|
|Do they provide Intraday Services?||Yes|
|Are they offering IPO Services to the client?||No|
|Do they have Stock Recommendations available?||Yes|
|Are they providing tools for Robo Advisory?||No|
|Does the broker provide PMS?||Yes|
|Do they have Trading Institution available?||No|
|What is the Trading Exposure this broker provides?||Upto 7X|
Does Nj Wealth provide Research & Advisory to its clients?
Yes, NJ Wealth is engaged in offering research and advisory services to customers for their benefit. Some of the NJ Wealth research and advisory reports shared by them with their customers are: – Fundamental reports, Research reports, Company Reports, Company Stock Reviews, IPO Reports, Daily Market Reviews, Monthly Reports, and Weekly Reports. Apart from this, the company also provided free stock tips and top picks to the customers.
The company also offers the support of a relationship manager to the customers who assist them in every way of their trading
|Nj Wealth Research, Advisory & Stock Tips|
|Here are the various research activities are done by it|
|Does the broker share Fundamental Reports?||Yes|
|Does the broker share Research Reports?||Yes|
|Do they provide Company Reports to their clients?||Yes|
|Are they analyzing the Annual Reports of Companies?||Yes|
|Do they share Company Stock Reviews?||Yes|
|Are they sharing Free Stock Tips with their clients?||Yes|
|Do they analyze & share IPO Reports?||Yes|
|Does the broking company provide Top Picks?||Yes|
|Are they sharing Daily Market Review?||Yes|
|Do they have Monthly Reports?||Yes|
|Does the broker provide Weekly Reports?||Yes|
|Are they having Offline Advisory?||Yes|
|Do they provide Relationship Managers to clients?||Yes|
What are the Customer Care details of Nj Wealth?
NJ Wealth is dedicated to offering multiple customer support services to customers. The Customers are free to choose the support for resolving their issues according to their convenience.
The customer services representative makes each and every effort to resolve the customer’s issues and concerns. Some of the NJ Wealth Customer Care service supports offered are Dedicated Dealer, Offline trading, 24-hour customer support services, and Online Trading.
Even the company retains 283 branches all over India, where customers can personally visit their nearby issues for resolving their issues.
|Nj Wealth Customer Support|
|Let’s have a better understanding of Customer Care Service|
|Are they providing Dedicated dealers to their clients?||Yes|
|Do they allow Offline Trading?||Yes|
|Do they have facilities for Online Trading?||Yes|
|Are they providing 24*7 Support?||Yes|
|Does this broker provide Email Support?||No|
|Is this broker having Chat Support?||No|
|How many Branches the stock broker has?||283|
Are there any Complaints filed against Nj Wealth by their clients?
There are various complaints filed again the broking company Yin NSE Stocks. These are the NJ Wealth complaints that they are unable to resolve so they are passed on to NSE. The number of complaints received against the company in NSE is 7 and the brokering exchange made every effort to resolve all the 7 complaints in the same year
0 complaints were lodged against NJ Wealth in BSE
|Nj Wealth Complaints|
|Here you will know about the Complaints lodged against it|
|What is the total number of Complaints Lodged in BSE?||0|
|How many of these complaints have been Resolved in BSE?||0|
|What is the total number of Complaints Lodged in NSE?||7|
|How many of these complaints have been Resolved in NSE?||7|
What are the advantage/benefits of nj wealth trading account?
Here are the benefits of the NJ Wealth Trading Account:-
- User-Friendly transaction alternatives
- Easy and secure payment choices
- No waiting periods
- No Aadhar base account procedure
- Multiple signatures are not required in the account opening form
- Effortless process of transmission
- Innovative transactions
- Centralized customer care services.
- Paperless account opening just in 1 hour
What are the Nj Wealth Review & Ratings as per their Customer?
Nj Wealth ratings are highly different in different categories. The highest rating of 2.4 out of 5 is offered given to the company in the category of brokerage &other charges, Stock Market Research & Broking Advisory section, and Experience.
The lowest rating of 2.2 out of 5 is offered in the category of Mobile App, Trading Terminal & Web Trading Platform. A total 3-star rating is given to the broking company and almost 219 people have contributed their views while offering ratings in different categories. These ratings depict the NJ Wealth Reviews given by the customers
|Nj Wealth Ratings & Reviews|
|We are looking at Companies’ Ratings on various parameters|
|Stock Market Research & Broking Advisory||2.4/5|
|Brokerage & other Charges like – Turnover, Transaction Charges, etc.||2.4/5|
|Types of Products & Services the Brand provides||2.3/5|
|Performance Mobile App, Trading Terminal & Web Trading Platform||2.2/5|
|Experience in the Broking Business||2.4/5|
|Total Avg. Rating of Broking House||2.3/5|
|Star Rating given to Stock Broker||★★★☆☆|
|Number of People Contributed to These Ratings||219|
Nj wealth conclusion
NJ Wealth is one the renowned, reliable financial services provider in India. The company has a successful distribution network in the financial service industry. The company offers a broad range of business platforms with end-to-end solutions crucial for success in financial product distribution services.
With its maximum efforts, the company has successfully managed to transform the lives of many customers. So if you are searching for a leading and reliable financial services company, you can look out for the NJ Wealth review.
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