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.


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.

OverviewAchiievers Equities
Broker TypeDiscount Broker
Type of companyPrivate
HeadquarterKolkata, West Bengal
FoundersSuman Chakrvarty
Foundation Year1999
Supported ExchangesNSE, BSE and MCX
Total branches1

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 ChargesAchiievers Equities
Trading Account Opening ChargesRs.750
Demat AMC (Annual Maintenance Charges)Free
Trading AMC (Annual Maintenance Charges)Free
Margin MoneyZero Margin
Offline to Online ChargesYes
DepositoryCDSL & 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 Brokerage Charges

Equity Brokerage ChargesAchiievers Equities
Equity Delivery BrokerageRs.15 per executed order
Equity Intraday BrokerageRs.15 per executed order
Equity Futures BrokerageRs.15 per executed order
Equity Options BrokerageRs.15 per executed order

Currency Brokerage Charges

Currency Brokerage ChargesAchiievers Equities
Currency Futures BrokerageRs.15 per executed order
Currency Options BrokerageRs.15 per executed order

Commodity Brokerage Charges

Commodity Brokerage ChargesAchiievers Equities
Commodity Options BrokerageRs.15 per executed order

Achiievers Equities Other Charges

In addition to brokerage charges, there are other charges to consider:

Other Brokerage ChargesAchiievers Equities
Minimum Brokerage ChargesRs.15
Transaction Brokerage Charges0.00280% of Total Turnover
SEBI Turnover Charges0.0002% of Total Turnover
Stamp Duty ChargesAs per the state
GST Charges18% of (Brokerage + Transaction Charges)
STT Charges0.0115% of Total Turnover
Call and Trade ChargesRs 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 LeverageAchiievers Equities
Equity DeliveryUpto 2x
Equity IntradayUpto 5x
Equity FuturesUpto 3x
Equity OptionsUpto 3x

Achiievers Equities Currency Leverage

Currency LeverageAchiievers Equities
Currency FuturesUpto 2x
Currency OptionsUpto 2x

Achiievers Equities Commodity Leverage

Equity LeverageAchiievers Equities
CommodityUpto 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:

OffersAchiievers Equities
Free Stock Trading AccountYes
Free Demat AccountNo
Flexible PlansYes
Brokerage DiscountsYes
Happy HoursNo
1 Month Free PlanNo
Holiday OffersYes
Referral ProgramYes
Zero Brokerage on Loss TradesNo

Achiievers Equities Features

FeaturesAchiievers Equities
Equity Delivery TradingYes
Equity Intraday TradingYes
Equity Futures TradingYes
Equity Options TradingYes
Currency TradingYes
Commodity TradingYes
IPO (Initial public offering)Yes
Stocks SuggestionsNo
Robo AdvisoryNo
PMS (Portfolio Management Services)No
Trading InstitutionNo
Trading ExposureUpto 5x
Mutual FundsYes
SIP (Systematic Investment Plan)Yes
Forex TradingNo

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.

ServicesAchiievers Equities
Fundamental ReportsYes
Research ReportsNo
Company ReportsNo
Annual ReportsNo
Company Stock ReviewNo
Free Stock TipsYes
IPO ReportsNo
Top PicksYes
Daily Market ReviewYes
Monthly ReportsYes
Weekly reportsYes
Offline AdvisoryNo
Relationship ManagerNo

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 PlatformsAchiievers Equities
Desktop BrowserYes

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 AppAchiievers Equities
Mobile BrowserNo
Android AppNo
iOS AppNo
Windows AppNo
Other mobile osNo

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

Customer SupportAchiievers Equities
Relationship ManagerNo
Offline TradingNo
Online TradingYes
24 * 7 SupportNo
Email SupportYes
Chat SupportNo
Toll free numberNo
Support Branches0

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 ComplaintsAchiievers Equities
BSE Complaints18
BSE Resolved Complaints16
Percentage of resolved BSE complaints88.89 %
NSE Complaints25
NSE Resolved Complaints22
Percentage of resolved NSE complaints88.00 %
BSE/NSE Complaint vs. Resolved Percentage88.44 %


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.