Reviews of Stock Brokers
Achiievers Equities
When it comes to investing in the stock market, choosing the right stockbroker is of utmost importance. It can significantly impact your trading experience, investment returns, and overall satisfaction. In this article, we will provide an in-depth review of Achiievers Equities, one of India's prominent Discount Broker. We will evaluate various aspects, including brokerage charges, trading platforms, customer support, and more, to help you make an informed decision.
Overview
Achiievers Equities founded in 1999 by Suman Chakrvarty is a Private company headquartered in Kolkata, West Bengal India. As a Discount Broker, Achiievers Equities aims to provide cost-effective buy/sell orders, enabling investors to save money compared to full-service brokers. However, it is crucial to note that Achiievers Equities operates as a full-service brokers. It offers extensive investment advice and detailed stock analysis for its clients.
| Overview | Achiievers Equities |
|---|---|
| Broker Type | Discount Broker |
| Type of company | Private |
| Headquarter | Kolkata, West Bengal |
| Founders | Suman Chakrvarty |
| Foundation Year | 1999 |
| Supported Exchanges | NSE, BSE and MCX |
| Total branches | 1 |
Achiievers Equities Account opening charges
To begin trading with Achiievers Equities, you need to open a trading account and a Demat account. Achiievers Equities charges Rs.750 for opening a trading account. Additionally, there is an annual maintenance charge (AMC) of Free for the Demat account. However, it's worth mentioning that trading AMC is free.
| Account Opening and Demat Charges | Achiievers Equities |
|---|---|
| Trading Account Opening Charges | Rs.750 |
| Demat AMC (Annual Maintenance Charges) | Free |
| Trading AMC (Annual Maintenance Charges) | Free |
| Margin Money | Zero Margin |
| Offline to Online Charges | Yes |
| Depository | CDSL & NSDL |
Achiievers Equities Brokerage Charges
One of the main factors to consider when choosing a stockbroker is the brokerage charges. Achiievers Equities brokerage charges for various segments are as follows:
- Equity delivery: Achiievers Equities offers free brokerage for equity delivery trades. This means you can buy and hold stocks without incurring any brokerage charges.
- Equity intraday: For equity intraday trades, Achiievers Equities charges a flat rate of Rs.15 per executed order per order.
- Equity futures: The brokerage charge for equity futures is also Rs.15 per executed order per order.
- Equity options: Achiievers Equities charges Rs.15 per executed order per order for equity options trading.
- Currency: For currency futures and options trading, Achiievers Equities charges Rs.15 per executed order per order.
- Commodity: The brokerage charge for commodity trading is Rs.15 per executed order per order.
Equity Brokerage Charges
| Equity Brokerage Charges | Achiievers Equities |
|---|---|
| Equity Delivery Brokerage | Rs.15 per executed order |
| Equity Intraday Brokerage | Rs.15 per executed order |
| Equity Futures Brokerage | Rs.15 per executed order |
| Equity Options Brokerage | Rs.15 per executed order |
Currency Brokerage Charges
| Currency Brokerage Charges | Achiievers Equities |
|---|---|
| Currency Futures Brokerage | Rs.15 per executed order |
| Currency Options Brokerage | Rs.15 per executed order |
Commodity Brokerage Charges
| Commodity Brokerage Charges | Achiievers Equities |
|---|---|
| Commodity Options Brokerage | Rs.15 per executed order |
Achiievers Equities Other Charges
In addition to brokerage charges, there are other charges to consider:
- Minimum brokerage charges: Achiievers Equities imposes a minimum brokerage charge of Rs.15.
- Transaction brokerage charges: A customer incurs transaction brokerage charges, which amount to 0.00280% of Total Turnover of the total turnover.
- SEBI turnover charges: Securities and Exchange Board of India (SEBI) levies turnover charges, which are 0.0002% of Total Turnover.
- Stamp duty charges: Stamp duty charges differ based on the state and the specific category of asset.
- GST charges: A GST of 18% of (Brokerage + Transaction Charges) is applied to brokerage and transaction charges.
- STT (Securities transaction tax): Achiievers Equities charges 0.0115% of Total Turnover of the total turnover as STT.
- Call and trade charges: If you place orders through call and trade, Achiievers Equities charges Rs 20 per trade.
| Other Brokerage Charges | Achiievers Equities |
|---|---|
| Minimum Brokerage Charges | Rs.15 | Transaction Brokerage Charges | 0.00280% of Total Turnover | SEBI Turnover Charges | 0.0002% of Total Turnover | Stamp Duty Charges | As per the state | GST Charges | 18% of (Brokerage + Transaction Charges) | STT Charges | 0.0115% of Total Turnover | Call and Trade Charges | Rs 20 per trade |
Achiievers Equities Equity Leverage
Leverage enables traders to amplify their market exposure using a relatively smaller capital amount. Here's the leverage provided by Achiievers Equities:
| Equity Leverage | Achiievers Equities |
|---|---|
| Equity Delivery | Upto 2x | Equity Intraday | Upto 5x | Equity Futures | Upto 3x | Equity Options | Upto 3x |
Achiievers Equities Currency Leverage
| Currency Leverage | Achiievers Equities |
|---|---|
| Currency Futures | Upto 2x | Currency Options | Upto 2x |
Achiievers Equities Commodity Leverage
| Equity Leverage | Achiievers Equities |
|---|---|
| Commodity | Upto 2x |
Achiievers Equities Offers
Numerous stockbrokers are enticing customers with attractive offers in order to expand their client base. Some of these enticing offers include:
| Offers | Achiievers Equities |
|---|---|
| Free Stock Trading Account | Yes | Free Demat Account | No | Flexible Plans | Yes | Brokerage Discounts | Yes | Happy Hours | No | 1 Month Free Plan | No | Holiday Offers | Yes | Referral Program | Yes | Zero Brokerage on Loss Trades | No |
Achiievers Equities Features
- Full Service Brokers:
Achiievers Equities is a leading online stock broker in India that offers discount brokerage services to retail investors. It charges a flat rate of Rs.15 per order executed, regardless of the trade size, segment, or exchange.
- Range of Investment Products:
Achiievers Equities is a one-stop shop for various financial investment products. It allows investors to trade in equity, commodity, and currency at BSE, NSE, and MCX. Additionally, it offers investment options in mutual funds, gold, peer-to-peer lending, insurance, and US investments.
- Subscription Plans:
Achiievers Equities provides three subscription plans: Basic pack, power investor pack, and ultra trader pack. These plans offer different benefits, including reduced brokerage fees, free trades, research advisory, and dedicated customer support.
- Research and Advisory Services:
Achiievers Equities stands out by offering exhaustive research and advisory services. It provides short-term and long-term investment ideas, derivative strategies, and portfolio-based investment ideas. The platform also offers a portfolio analyzer tool to analyze the performance of your investments.
- Margin Funding:
Achiievers Equities provides margin funding services. These enable you to make partial payments for your purchases in the cash segment. The balance is funded by Achiievers Equities at a nominal rate.
- Mobile Trading App and Trading Platforms:
Achiievers Equities provides a user-friendly mobile trading app, a web-based trading website, and an installable trading terminal. These platforms are built on the latest technology and offer seamless trading experiences. The mobile app allows trading, robo-advisory, and access to various investment options.
- Demat Account Services:
Achiievers Equities offers demat account services through its membership with CDSL. It has been recognized as a premier depository participant by CDSL.
- Low Charges:
Achiievers Equities is known for its lowest charges in the industry. It charges a flat fee of Rs.15 per executed order per order executed, and the platform also offers value-add packs for additional benefits. Additionally, 5Paisa provides free account opening and brokerage-free mutual funds.
- Algo Trading and Robo Advisory:
Achiievers Equities provides algo trading services and robo-advisory to its customers. These services help automate trading strategies and offer personalized investment advice based on risk profiles and return expectations.
- Customer Support:
Achiievers Equities offers dedicated customer support for its subscribers. The power investor pack and ultra trader pack include free customer support services.
| Features | Achiievers Equities |
|---|---|
| Equity Delivery Trading | Yes | Equity Intraday Trading | Yes | Equity Futures Trading | Yes | Equity Options Trading | Yes | Currency Trading | Yes |
| Commodity Trading | Yes | IPO (Initial public offering) | Yes | Stocks Suggestions | No | Robo Advisory | No | PMS (Portfolio Management Services) | No |
| Trading Institution | No | Trading Exposure | Upto 5x | Mutual Funds | Yes | SIP (Systematic Investment Plan) | Yes | Forex Trading | No | Banking | No | Insurance | No |
Achiievers Equities Advisory Services
The key distinction between a discount broker and a full-service broker lies in the range of services offered and the rates at which they are provided.
| Services | Achiievers Equities |
|---|---|
| Fundamental Reports | Yes |
| Research Reports | No |
| Company Reports | No |
| Annual Reports | No |
| Company Stock Review | No |
| Free Stock Tips | Yes |
| IPO Reports | No |
| Top Picks | Yes |
| Daily Market Review | Yes |
| Monthly Reports | Yes |
| Weekly reports | Yes |
| Offline Advisory | No |
| Relationship Manager | No |
Achiievers Equities Trading Platforms
The Achiievers Equities trading software comprises various trading platforms suitable for the diverse needs of the customers. It is built on IIFL's trading platform. It has been trusted by customers for the past two decades. The trading platform is available in three different forms. Namely: a mobile app, a web browser-based platform, and an installable desktop trading application.
Achiievers Equities Trading Platforms
| Desktop Trading Platforms | Achiievers Equities |
|---|---|
| Windows | Yes |
| Mac | Yes |
| Desktop Browser | Yes |
Achiievers Equities Mobile App
The Achiievers Equities mobile app allows users to trade on the go and provides access to trading at BSE/NSE and robo advisory services. Customers can download the app for free from either the google app store or the apple app Store. The app is designed to be simple and intuitive, enabling users to buy stocks, trade in stock and currency futures & options, and invest in mutual funds, ETFs, bonds, and more.
| Mobile App | Achiievers Equities |
|---|---|
| Mobile Browser | No |
| Android App | No |
| iOS App | No |
| Windows App | No |
| Other mobile os | No |
Achiievers Equities Web Trading
For web-based trading, Achiievers Equities offers a powerful trading website known as Achiievers Equities trader station. This website can be accessed through any web browser on computers, laptops, mobile devices, or tablets. It provides a wide range of trading and investment options within a single domain. The web platform is seamlessly integrated with payment gateways and banks, enabling instant fund transfers.
Achiievers Equities Trade Terminal
Achiievers Equities offers a trade terminal, which is a downloadable trading terminal specifically developed for active traders seeking advanced trading features. This desktop application offers real-time data and advanced charts for monitoring intraday and historic stock prices. It also offers a variety of keyboard shortcuts to facilitate real-time market monitoring and faster order placement.
Achiievers Equities Customer Support
- Relationship manager: Achiievers Equities does not offer a dedicated relationship manager for customers. However, they provide other channels for support.
- Offline trading support: Achiievers Equities does not offer offline trading support. All trading activities are conducted online.
- Online trading support: Achiievers Equities provides online trading support to customers. Their trading platform is accessible via mobile app, web browser, and desktop application, allowing customers to trade conveniently.
- 24*7 support: Achiievers Equities provides extensive customer support to assist customers during regular business hours. You can easily connect with their dedicated support team for any assistance you may need.
- Email support: Customers can contact Achiievers Equities’s customer support team via email for assistance. They provide an email address where customers can send their queries and concerns.
- Chat support: Achiievers Equities does not currently offer chat support as a customer service channel. However, customers can reach out through other available channels.
- Toll-free number: Achiievers Equities does not provide a toll-free number for customer support. However, they may have a regular helpline number that customers can use to seek assistance.
- Support branches: Achiievers Equities does not have physical support branches. All customer support is provided through remote channels.
| Customer Support | Achiievers Equities |
|---|---|
| Relationship Manager | No |
| Offline Trading | No |
| Online Trading | Yes |
| 24 * 7 Support | No |
| Email Support | Yes |
| Chat Support | No |
| Toll free number | No |
| Support Branches | 0 |
Achiievers Equities Complaints
Understanding the number of customer complaints received by a brokerage firm can provide insights into the quality and reliability of their services. The following table shows the information regarding the complaints received by Achiievers Equities.
| BSE Complaints | Achiievers Equities |
|---|---|
| BSE Complaints | 18 |
| BSE Resolved Complaints | 16 |
| Percentage of resolved BSE complaints | 88.89 % |
| NSE Complaints | 25 |
| NSE Resolved Complaints | 22 |
| Percentage of resolved NSE complaints | 88.00 % |
| BSE/NSE Complaint vs. Resolved Percentage | 88.44 % |
Conclusion
In conclusion, Achiievers Equities offers a range of trading and investment options through its user-friendly platforms. With competitive pricing and several investment choices, it is one of the best options for investors. However, the lack of comprehensive customer support and the number of customer complaints are areas of concern. Considering all the features and user experience, Achiievers Equities can be considered a decent stock broker, but you must examine the pros and cons carefully before making a decision.