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

Way2Wealth is a private stockbroker firm that has been assisting and servicing investors for the last three decades with its 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 for 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, and other charges if any like hidden charges. 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 Type Full-Service Broker
Demat Account AMC Rs. 550+GST
Margin Required 75% Margin
Intraday Brokerage 0.05%
Delivery Brokerage 0.30%
Exposure Upto 5x

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 serves 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 a few details about Way2Wealth 
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? Bangalore, Karnataka
Who is the Founder of this Company? V.G. Siddhartha
When did the company start? 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. 550 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 a 75% margin for the trading purpose as a 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 for 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? Rs 0 (Free)
    How much is the Demat AMC? Rs. 550+GST
    What is the Trading AMC? Rs 0 (Free)
    What is the initial Margin amount required? 75% 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 that are most common in the industry.

    However, this firm provides various discounts 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 that 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 a Free Demat A/C offer? Yes
    Does the broker provide Free Trading A/C offer? Yes
    Is this broker offers a Discount on Brokerage? Yes
    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? Yes
    Are there any referral offers shared by the broker? Yes
    Zero Brokerage for Loss-Making Trades No

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

    The Way2Wealth Brokerage Charges vary 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 0.05% 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 amounts 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? 0.30%
    What are the Equity Intraday Charges? 0.05%
    How much brokerage charged for Commodity Trading? 0.04%
    What is the brokerage on Equity Futures? 0.08%
    How much brokerage charged for Equity Options? Rs 40 per lot
    What is the brokerage on Currency Futures? 0.04%
    What is the brokerage on Currency Options? Rs 40 per lot
    How much is the Minimum Brokerage required? Customizable
    What is the Demat AMC? Rs. 550+GST
    How much is the Trading AMC? Rs 0 (Free)
    What is the Minimum Margin Required? 75% Margin

    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, are normally the same for all the brokers this is a full-service broker, so it has changed in accordance with that.

    Equity Intraday: 0.025% on the Sell SideEquity Futures: 0.01% on Sell SideEquity Options: 0.05% on Sell Side(on Premium)Commodity Futures: 0.01% on the sell side (Non-Agri)Commodity Options: 0.05% on sell-sideCurrency F&O: No STTOn Exercise transaction: 0.125%Right to entitlement: 0.05% on sell-side

    Way2Wealth Charges
    Get a deep understanding of all other charges levied by Way2Wealth 
    How much are the Transaction Charges levied? 0.00325% of Total Turnover
    What are the STT charges?
    What are the SEBI Turnover charges? 0.00005% (Rs.5/Crore)
    How much is the Stamp Duty levied? (On buy-side only) Delivery: 0.015%, Intraday: 0.002%, Equity Futures: 0.002%, Equity Options: 0.002%, and Currency F&O: 0.0001%. Commodity Futures: 0.002%, Commodity Options: 0.002% (MCX)
    How are the GST charged? 18% on (Brokerage + Transaction Charge + SEBI Fee)

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    What is the Limit or Exposure offered by Way2Wealth?

    The Way2Wealth Margin trading facility is a benefit for the clients who get Way2Wealth Exposure up to a maximum of 5 times for the intraday segment.

    The other segment which has the second-highest leverage is the equity options and the rest as you can refer to the above table are only 1 time.

    So, if you compare it to the market, then the leverage provided by the firm is pretty fair and normal. However, there are firms that provide exceptionally high leverage as well and this firm provides nothing with 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? 1x
    What is the limit on Equity Intraday? Upto 5x
    How much is the limit on Equity Futures? 1x
    What is the limit on Equity Options? 1x
    What is the exposure on Currency Futures? 1x
    How much is the leverage on Currency Options? 1x
    What is the limit on Commodity Trading? 1x

    How to Open Way2Wealth Demat & Trading Account?

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

    1. Click on the button and you will find a form
    2. Fill out the form with the 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 a 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 come 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 an online platform that is mainly developed for 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 bulk trading. This is designed to suit all the requirements 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 that you can use anytime and anywhere 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 a Web Trading Platforms? Yes
      Do they have a 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 a 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

      The 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 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, and news flash to keep you updated about the market
      • For Stop loss orders and another price movement, you can set an 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 – a high level of integration between them to provide you with 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 applications.

      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
      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? Yes
      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? 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, and insurance apart from all the basic stock markets instruments like equities, derivatives, and others.

      Not many firms offer a such a 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 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? 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 are 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 5x

      Does Way2Wealth provide Research & Advisory to their clients?

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

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

      Way2Wealth Research, Advisory & Stock Tips
      Here are the various research activities are done by Way2Wealth 
      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 Way2Wealth?

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

      It offers offline trading as well and that is why offers 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 the Customer Care Service of Way2Wealth 
      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? 180

      Are there any Complaints filed against Way2Wealth by their clients?

      The number of Way2Wealth Complaints suggests that the firm has got to improve a few of 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 learn 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 a Way2Wealth Trading Account are –

      • Huge range of products and services. The broking house has 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 Reviews & Ratings as per their Customer?

      The Way2Wealth Rating provides an impression that the firm is really lacking in some aspects. As you can see in the table, it is not that good for the research and advisory segment nor 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 Advisory 4.4/10
      Brokerage & other Charges like – Turnover, Transaction Charges etc. 5.3/10
      Types of Products & Services the Brand provides 6.4/10
      Performance Mobile App, Trading Terminal & Web Trading Platform 5.2/10
      Experience in the Broking Business 5.2/10
      Total Avg. Rating of Broking House 5.3/10
      Star Rating given to Stock Broker ★★★☆☆
      Number of People Contributed to These Ratings 119

      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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