Open a free demat & trading account with Marwadi Financial to trade and invest across multiple asset classes on the user-friendly web, app, and desktop platforms, access free research & advisory, and portfolio management services.
Marwadi Shares and Finance Ltd (MSFL) a part of Marwadi Group was ventured in 1992. It is one of the leading financial services providers offering a full spectrum of trading and investing products including equity, derivatives, commodity, currency, IPO, mutual funds, and portfolio management services (PMS).
The broker also provides cutting-edge in-depth research-based solutions and strategic advisory services to customers to help them in their wealth-creating journey. The team of researchers offers comprehensive research including daily, weekly, monthly, and occasional equity, commodity, and currency research reports. So whether you are a beginner or a first-time investor, you can access MSFL research recommendations as per your risk appetite to make rationalized investment decisions.
Trade with advanced technology MSFL Connect mobile app, web, and MSFL Diet desktop trading platforms to trade with ease at your convenience. The Gujarat-based full-service stock broker has a huge market presence with 450+ channel partners and more than 97 branches to provide offline customer assistance.
Do you want to trade with Marwadi Financial? If yes, go through the complete Marwadi Group Review 2023 including its account opening fees, brokerage charges, trading platforms, research offerings, customer care details, and the pros & cons uncovered.
Current promotion offer from Zerodha for InvestorGain Visitors:
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.
|Trading Account Opening Charges:||Free|
|Trading Account AMC:||Free|
|Demat Account Opening Charges:||Free|
|Demat Account AMC:||Rs 250 PA|
Here we are comparing Marwadi Group with its 5 close competitors, who are currently market leader in brokerage industry.
|Broker||Marwadi Group||5paisa||Zerodha||Upstox||Paytm Money|
|Service Type||Full Service Broker||Discount Broker||Discount Broker||Discount Broker||Discount Broker|
|Brokerage Range||0.06% to 0.30%||Rs 20||Rs 20||Rs 20||Rs 20|
|Account Type||2 in 1||2 in 1||3 in 1||3 in 1||2 in 1|
|Equity Delivery||0.30%||Flat Fee Rs 20||Free||2.5% or Rs 20 whichever is lower||2.5% or Rs 20 whichever is lower|
|Equity Intraday||0.06%||Flat Fee Rs 20||0.03% or Rs 20 whichever is lower||0.05% or Rs 20 whichever is lower||0.05% or Rs 20 whichever is lower|
|Equity Futures||0.02%||Flat Fee Rs 20||0.03% or Rs 20 whichever is lower||0.05% or Rs 20 whichever is lower||0.02% or Rs 20 whichever is lower|
|Equity Options||Rs 100 Per Lot||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20|
|Commodity||Rs 100 Per Lot||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20||NA|
|Currency Futures||0.02%||Flat Fee Rs 20||0.03% or Rs 20 whichever is lower||0.05% or Rs 20 whichever is lower||NA|
|Currency Options||Rs 100 Per Lot||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20||NA|
Experience seamless trading and research-backed investing with Marwadi Financial Services.
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.
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;
For detail review of mobile app and download please visit Marwadi Group Trading Platform Review.
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.
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.
Last updated on: 2023-08-27
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