Way2Wealth Review, Special Offers, Demat, Trading A/C and Brokerage

Way2Wealth is a private stockbroker firm which has been assisting and servicing the investors since last three decades with their investment services and products.

In this Way2Wealth Review, we will talk and answer all the queries that you can or already have about the firm. If you are looking for venturing into trading and looking the right broker for you, then you must read this article to know about this brokerage house which has some really amazing aspects to aid your trading.

In this article, you will read about their account opening process and charges, brokerage charges, other charges if any like hidden charges or any. Yes, we will give you a complete review and answer to all your questions in the truest manner possible. So, let’s start with the details of the company.

Way2Wealth Highlights
Broker TypeFull Service Broker
Demat Account AMCRs.200
Margin RequiredZero Margin
Intraday Brokerage0.01% – 0.04%
Delivery Brokerage0.1% – 0.4%
ExposureUpto 6X

Way2Wealth Offers


What do you know about Way2Wealth?

As we mentioned in the last section, we will start Way2Wealth Review with the history and details of the Way2Wealth, so, the firm started its services in the year 1984 which is more than 30 years.

The firm was incorporated by V.G. Siddhartha and it is based in the city of Bangalore having branches in other cities of the country as well. The firm services as a full-service broker with all the investment products and services that are offered by a proper full-service broker.

The firm has been experienced in the industry for decades now and thus understands the need of the clients and provide products and services accordingly.

About Way2Wealth 
Know few details about Way2Wealth 
Which type of Company is it? – Public / PrivatePrivate
Which type of Broker is it? – Full Service / DiscountFull Service Broker
Where is the registered office of Company Located?Bangalore, Karnataka
Who is the Founder of this Company?V.G. Siddhartha
When did the company started?1984

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What are the various Demat Account Opening Charges levied by Way2Wealth?

The Way2Wealth Demat Account can be opened for free as the firm charges no fee for Way2Wealth Account Opening. The firm charges only Rs. 200 for the yearly maintenance of the account and the trading account is maintained for free as well.

The Demat account you get is linked to the depositories namely CDSL and NSDL which are the two main depositories in the country. The firm charges no margin for the trading purpose as mandatory margin.

This means that you can keep whatever amount you want in the trading account and trade against the same. There is no mandatory minimum requirement of margin.

Way2Wealth Demat Account Opening Fees
Check out the various fees charged for Opening a Demat Account with Way2Wealth 
Which is the Depository Participant involved?CDSL & NSDL
What are the Demat account opening charges?Zero
How much is the Demat AMC?Rs.200
What is the Trading AMC?Free
What is the initial Margin amount required?Zero Margin
Is dematerialization available?Yes

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Does Way2Wealth provide any Offers to their Clients?

Way2Wealth Offers various lucrative discounts, referral offers and many more. As you can see in the above table, there are free Demat and trading account offers which are most common in the industry.

However, this firm provides a various discount on the brokerage to help you earn more revenue on the investment you make. There are brokerage plans which can be altered for the amount of trading you do with the firm which will also profit you.

There are holiday offers which are rolled out by the firm often and as we said, you can refer anyone who is interested to trade with the firm and you can earn as well.

Way2Wealth Offers
Here are the various offers provided by Way2Wealth 
Does the broker provide Free Demat A/C offer?Yes
Does the broker provide Free Trading A/C offer?Yes
Is this broker offers Discount on Brokerage?Yes
Does the broker offer Happy hour trading to their clients?No
Is the broking house provides flexible brokerage plan?Yes
Does the broker offer 1 month Free brokerage?No
Is the Holiday offers provided by the broker?Yes
Are there any referral offers shared by the broker?Yes
Zero Brokerage for Loss Making TradesNo

What are the Brokerage Charges levied by Way2Wealth on various Segments?

The Way2Wealth Brokerage Charges varies according to the amount of margin you keep in the trading account which is decided by the type of account you hold.

So, the firm charges a minimum of 0.01% for the segments like intraday, futures, and commodities which is quite low and the highest possible brokerage that you have to pay is 0.04% for these segments which can be termed as above-average brokerage charges as per the industry.

For the delivery trades, the range is pretty similar with obviously different amount and as you can see the minimum here is 0.1% and the maximum is 0.4%. However, if you compare the brokerage with other firms, it can be considered as affordable charges.

The firm also charges reasonably for the options where they have kept the minimum charges at Rs. 20 and Rs. 10 for the equity and currency options respectively and the maximum as you can see is Rs. 70 and Rs. 40 per lot respectively.

So, with the increase in the margin and volume of trade your brokerage percentage can decrease which gives the benefit of large scale trading to the traders.

Way2Wealth Brokerage Charges Table

Way2Wealth Brokerage Charges 
Here you will find details of brokerage levied by Way2Wealth on all segments
What are the Equity Delivery Charges?0.1% – 0.4%
What are the Equity Intraday Charges?0.01% – 0.04%
How much brokerage charged for Commodity Trading?0.01% – 0.04%
What is the brokerage on Equity Futures?0.01% – 0.04%
How much brokerage charged for Equity Options?Rs.20 – Rs.70 per Lot
What is the brokerage on Currency Futures?0.01% – 0.04%
What is the brokerage on Currency Options?Rs.10 – Rs.40 per Lot
How much is the Minimum Brokerage requires?Customizable
What is the Demat AMC?Rs 242 per Annum
How much is the Trading AMC?Free
What is the Minimum Margin Required?Minimum 10,000

Does Way2Wealth levy any other charges apart from Brokerage?

Way2Wealth Charges apart from the brokerages are generally the statutory charges which you have to pay. They are decided by the government like the GST and the stamp duty charges and the SEBI turnover charges and the STT charges are decided by the SEBI itself for the firms registered and working as brokers in the industry.

As you can see the charges in the above table, they are normally the same for all the brokers like this is a full-service broker, so it has changed in accordance with that.

Way2Wealth Charges
Get deep understanding of all other charges levied by Way2Wealth 
How much is the Transaction Charges levied?0.00325% of Total Turnover
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 are the GST charged?18% of (Brokerage + Transaction Charges)

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What is the Limit or Exposure offered by Way2Wealth?

Way2Wealth Margin trading facility is a benefit for the clients who get Way2Wealth Exposure up to a maximum of 6 times for the intraday segment.

The other segment which has the second-highest leverage is the equity options and rest as you can refer to the above table are only 2 times.

So, if you compare to the market, then the leverage provided by the firm is pretty fair and normal. However, there are firms which provide exceptionally high leverage as well and this firm provides nothing in respect to those few brokers.

Way2Wealth Exposure or Leverage
Here you will find the exposure or limit provided by Way2Wealth 
How much is the limit on Equity Delivery?Upto 2X
What is the limit on Equity Intraday?Upto 6X
How much is the limit on Equity Futures?Upto 2X
What is the limit on Equity Options?Upto 4X
What is the exposure on Currency Futures?Upto 2X
How much is the leverage on Currency Options?Upto 2X
What is the limit on Commodity Trading?Upto 2X

How to Open Way2Wealth Demat & Trading Account?

To Open Way2Wealth Demat Account and trading account, you have to –

  1. Click on the butoon and you will find a form
  2. Fill the form with necessary details – name, mobile no. & city as required and mentioned on the form. Submit it.
  3. Once you submit the form, you will get on to another webpage where you have to submit the documents which are required for the verification process.
  4. Then you will receive a call from the executives of Way2Wealth and they will tell you how to go about the rest of the process.
  5. Once your documents are verified you can expect to get your login details in a few hours and you can start trading right after that.

Once you decide to Open Way2Wealth Trading Account and Demat account, you do not have to look further, you can click on the link here and start your application.


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What are the various Trading Platforms provided by Way2Wealth?

Way2Wealth Trading Platforms comes in different devices and with various features and options to ease your trading experience.

If you are mostly in the office or at some other work and cannot sit in front of the terminal, the firm has Way2Wealth Mobile App for you. If you are a bulk trader and need a fast and responsive platform then Way2Wealth Trading Terminal is there.

For online trading lovers, there is Wisdom Direct which is their online trading platform.

Way2Wealth Web Trading Platform: W2W Direct Web Trading Platform

W2W Direct is the online platform which is mainly developed for the traders who are getting into the market now and are pretty new to this world. They need a fast and friendly interface on the platform for their trading and that is what this platform by Way2Wealth provides.

Way2Wealth Trading Terminal: W2W Pro Trading Terminal

The next up is the W2W Pro which is the terminal-based software that you have to download and install on your desktop and then you can start trading. Being a terminal software it has all the features that you need for trading and especially for the bulk trading. This is designed to suit all the requirement of a pro trader and thus named similarly as well.

Way2Wealth Mobile Trading App: Way2Wealth Mobile Pro Trade App

This Way2Wealth Mobile Pro+ is the mobile trading platform of the firm which is the need of this generation-traders as everyone is busy and on the go all the time, you have a device and an application on it which you can use anytime and anywhere for all your trading needs.

Way2Wealth Trading Platforms
Here you will find all the important trading platforms available with Way2Wealth 
Do they have Trading Terminals for Windows?Yes
Do they have Trading Terminals for Mac?Yes
Are they providing Web Trading Platform?Yes
Do they have Mobile Web Platform?No
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 Way2Wealth Trading Applications?

Various features of Way2Wealth Trading Platforms are provided below.

Way2Wealth Web Trading Platform: W2W Direct Web Trading Platform Features

  • It can be used on any device whether it is laptop, mobile or desktop as well.
  • It has average speed and good performance
  • The order placement is pretty quick with the platform and it doesn’t slow down before the execution of the order to lose the price you want to trade at
  • The user interface is pretty simple yet efficient made for the new traders

Way2Wealth Trading Terminal: W2W Pro Trading Terminal Features

  • Lots of technical indicators, charts, and historical data are available for your technical analysis and fundamental analysis
  • You get a smooth trading experience as this platform integrates all the two accounts along with your bank account pretty well and thus fund transfer along with trading becomes easy and smooth. It is also aware of your safety and thus provides high security for the transfers done on this platform.
  • You can customize the market watch and put in and out the stocks you want to track or not
  • There are live market updates, news flash to keep you updated about the market
  • For Stop loss orders and another price movement you can set alert and trade at the exact time so that you do not lose any opportunity

Way2Wealth Mobile Trading App: Way2Wealth Mobile Pro Trade App Features

  • Charts and technical indicators with real-time market data – high level of integration between them to provide you great space for your research
  • You can transfer funds safely and easily
  • Check all your positions, holdings, and overall portfolio on the mobile platform only

You can even use the voice command feature for certain activities on this application which is really a unique feature, not offered by many mobile trading application.

Way2Wealth Trading Application Features
Here you will find various features available in Trading Platforms provided by Way2Wealth 
Are these platforms capable of Real time Updates?Yes
Do these Applications provide Portfolio Details?Yes
Are this software’s 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
Do this software’s provide Personalized Advisory?Yes
Are these platforms capable of Interactive Chartings?Yes
Do these Apps provide Live Markets data?Yes
Do they provide SMS Alerts?Yes
Are they providing Email Alerts?Yes
Do these platforms has Multi Account Management solution?Yes

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What are the various Products provided by Way2Wealth?

Way2Wealth Products as mentioned above in the table includes all the trading products as well as forex and insurance products as well.

The only product that it doesn’t have is the banking products and which cannot be there as well as it is not a bank or even associated with it. However, you get mutual funds, SIP investment instruments, insurance apart from all the basic stock market instruments like equities, derivatives, and others.

Not many firms offer such wide range of products and thus with this firm you do not have to worry about investing in different asset classes as you can have all of them under one roof.

Way2Wealth Products
Here are the various products provided by Way2Wealth 
Does the broker allow Equity Trading?Yes
Does the broker allow Commodity Trading?Yes
Do they have Currency Trading product available?Yes
Do they provide Options trading?Yes
Are the clients allowed to trade in Futures?Yes
Do they have Mutual Funds as product?Yes
Does the broker allow Forex trading?Yes
Does the broker have Banking products?No
Is SIP allowed by the broker?Yes
Do they have Insurance as a Product?Yes

What are the various Services offered by Way2Wealth?

Way2Wealth Services range is also quite wide and includes basic Demat and trading services. It offers high-end portfolio management services as well.

The clients get stock recommendations as well from the broker and there is all other services as mentioned above.

Way2Wealth Services
Check out the various services provided by Way2Wealth 
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?Yes
Do they have Stock Recommendations available?Yes
Are they providing tools for Robo Advisory?Yes
Does the broker provide PMS?Yes
Do they have Trading Institution available?No
What is the Trading Exposure this broker provides?Upto 6x

Does Way2Wealth provide Research & Advisory to their clients?

There are no such reports or service under research and advisory department that is not covered by the Way2Wealth Research, Way2Wealth Advisory departments.

They provide Way2Wealth Tips, top pics for the day, and all kind of reports as you can see above, daily, weekly, and monthly review of the market and everything do you need for perfectly informed trading.

Way2Wealth Research, Advisory & Stock Tips
Here are the various research activities done by Way2Wealth 
Does the broker shares Fundamental Reports?Yes
Does the broker shares Research Reports?Yes
Do they provide Company Reports to their clients?Yes
Are they analysing Annual Reports of Companies?Yes
Do they share Company Stock Review?Yes
Are they sharing Free Stock Tips to 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 Manager to clients?Yes

What are the Customer Care details of Way2Wealth?

Way2Wealth Customer Care is quite prudent in handling the clients and solving their issues. The broking house has more than 180 branches in the cities of India and also provide dedicated dealer service.

It offers offline trading as well and that is why offer assistance for the same. They can be reached anytime as they are available round the clock.

Way2Wealth Customer Support
Let’s have a better understanding of Customer Care Service of Way2Wealth 
Are they providing Dedicated Dealer 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?180

Are there any Complaints filed against Way2Wealth by their clients?

The number of Way2Wealth Complaints suggests that the firm has got to improve few its services however they resolved all the complaints and that gives an impression that the firm is really making an effort to help the clients and servicing them with the best possible trading and investment services and products.

Way2Wealth Complaints
Here you will know about the Complaints lodged against Way2Wealth 
What is the total number of Complaints Lodged in BSE?128
How many of these complaints have been Resolved in BSE?128
What is the total number of Complaints Lodged in NSE?196
How many of these complaints have been Resolved in NSE?196

What are the Advantages / Benefits of Way2Wealth Trading Account?

The benefits of having Way2Wealth Trading Account are –

  • Huge range of products and services. The broking house have almost all the products and services under one roof that you can trade and benefit from
  • Way2Wealth offers incredible research services
  • They have a good trading platform for every device and that makes your trading experience better
  • There are brokerage plans which are quite flexible and you get also various offers on the brokerage like discounts, holiday offers, and others
  • The customer care service of the firm is quite supportive.

What are the Way2Wealth Review & Ratings as per their Customer?

The Way2Wealth Rating provides an impression that the firm is really lacking at some of the aspects. As you can see in the table, it is not that good for the research and advisory segment neither for the trading terminal and others are also just above the average mark.

So, to improve the customer’s Way2Wealth Review and in reality, the firm got to improve a lot.

Way2Wealth Ratings & Reviews
We are looking at Companies Ratings on various parameters
Stock Market Research & Broking Advisory4.4/10
Brokerage & other Charges like – Turnover, Transaction Charges etc.5.3/10
Types of Products & Services the Brand provides6.4/10
Performance Mobile App, Trading Terminal & Web Trading Platform5.2/10
Experience in the Broking Business5.2/10
Total Avg. Rating of Broking House5.3/10
Star Rating of given to Stock Broker★★★☆☆
Number of People Contributed to these Ratings119

Way2Wealth Conclusion

We hope Way2Wealth Review has answered all the questions you had in mind about Way2Wealth and now you can take a more informed decision about whether you want to invest with Way2Wealth or not.

However, this firm is having really some great products and services and offers which can make your trading profitable.


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