Marwadi Group Review 2023

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Marwadi Group Brokerage Plan, Fees and Charges

Marwadi Financial has a fixed percentage-based brokerage plan. The particular plan charges a high brokerage fee on high trade value or vice-versa. The full-service stockbroker charges 0.06% intraday brokerage, 0.30% on equity delivery (CNC, Cash and Carry), 0.02% on futures trading, and options trading is charged at Rs 100 per lot basis.

Marwadi Group Brokerage Plan with closest competitors

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

Type of Account offered by Marwadi Group

Experience seamless trading and research-backed investing with Marwadi Financial Services.

Marwadi Financial Trading and Demat Account

• Being a registered DP with NSDL and CDSL, Marwadi Group allows users to open an integrated 2-in-1, Trading + Demat Account together in one go. The trading account with the broker facilitates trading in shares, futures & options, commodity, and currency segments. You can also invest in IPO, mutual funds, and market-linked debentures. Also access free research insights and advisory services or invest in Smartcase model portfolios, a basket of quality stocks curated by experts after in-depth research.
• Does Marwadi Group offer free account? Yes, Marwadi Group charges NIL account opening fees on its Demat and trading account and charges Demat maintenance fees of Rs 250 per annum.

Marwadi Financial NPS Account

• National Pension System (NPS) is an investment product for retirement planning. NPS is regulated by Pension Fund Regulatory and Development Authority (PFRDA) and Marwadi Financial being a registered PFRDA member offers NPS to clients. To invest in NPS, you must open an NPS account with Marwadi Group by submitting valid ID proofs. The account allows users to invest a fixed amount regularly during the retirement tenure to avail retirement benefits.

How to open Marwadi Group Account online?

The full-service stockbroking firm has a hassle-free, fast, and easy Demat account opening process that provides the flexibility to open an account instantly in just a few minutes.

Steps to open Marwadi Group Demat and Trading Account Online;

1. Head to the broker’s official website.
2. On the top, click on the “Open an Account” option.
3. Enter your mobile number along with OTP to proceed.
4. Submit required KYC documents including Aadhaar card, PAN card, etc.
5. Go through the “in-person verification” (IPV) process.
6. Once IPV is done, you will get your demat account credentials in your mail.

Marwadi Group Mobile App and Trading Platforms

Trade and invest across a diversified range of assets on your preferred trading platform whether it is the web, mobile trading app, or desktop terminal. Marwadi Financial has everything for you including MFSL Connect App, Marwadi connect website, and MSFL ODIN Diet trading software for free. Let’s check out the top features of each platform;

MSFL Connect App| Mobile Trading App

• Trade on a smart, informative, and advanced feature-rich yet easy-to-use share trading app. MSFL Connect 2.0 App provides you the fast and real-time streaming quotes to manage your portfolio, real-time fund transfers with 40+ banks, daily and historical charts, multiple reports (Trade Book, Net positions, Funds view, etc.) alerts & trade notifications, and technical data points. The one-stop app also provides scrip fundamentals, corporate results, corporate actions, IPO news, market updates, experts’ advice, and a dedicated clientele support team.
• Marwadi Financial Connect app is compatible to use on Android, iOS, iPad, and iPod devices. Download it now and trade in shares listed on BSE and NSE.

Marwadi Web Trading Platform

• Marwadi Group has an easy-to-use HTML-based browser-enabled web trading platform. A wide range of stock scanner tools, 100+ technical study indicators, and tools, bulk order entry, etc. are the most useful features of the trading website. There is no pre-installation required to use the platform, you simply have to log in on any accessible browser (Chrome, Explorer, and Safari) on any device.

MSFL ODIN Diet Desktop Trading Terminal

• Active traders who trade on the desktop can download the Marwadi Financial ODIN Diet exe-based desktop trading software on their desktop or laptop. The platform is specifically designed for pro traders or experts to offer a faster trading experience. The terminal-based platform has various built-in features including powerful technical charting, fundamental trades, fast order execution, and many more.

For detail review of mobile app and download please visit Marwadi Group Trading Platform Review.

Marwadi Group Trading Pros

• Trade on BSE, NSE, and MCX.
• Zero account opening fees.
• Invest in IPO, mutual funds, insurance, and smartcase portfolios.
• User-friendly trading platforms.
• Get best-in-class in-depth research insights for all segments.
• Margin trading facility.

Marwadi Group Trading Cons

• Non-transparent brokerage charges.
• Minimum brokerage fee of Rs 20 to Rs 25 per trade, when the trade value is low.
• Major presence in the Gujarat state only.

Marwadi Group Customer Care info

The broker provides online customer support via email and a helpline number. Moreover, it has a huge network of 450+ sub-brokers and 97+ branches all over the country where customer care units are available to assist customers anytime. The customer care representatives are dedicated to resolving customer queries at the earliest.

• Marwadi Group Customer Care Phone Number: +91-281-6192000/+91-281-7174000
• Marwadi Group Customer Support Email: [email protected]
• Marwadi Group Knowledge Center: https://www.marwadionline.com/blog/

Final thought about Marwadi Group

A full suite of trading & investing products, free account opening, research & advisory and a strong regional PAN India network make Marwadi Shares & Finance Ltd one of the leading full-service stock brokers in India. However, lack of transparency in the brokerage structure and poor customer support services by representatives on email and helpline numbers are the major pitfalls. So before opening a trading account, we advise you to go through all pros and cons to select the most appropriate broker for you.

Marwadi Group User Reviews