Reviews of Stock Brokers

Patel Wealth Advisors

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 Patel Wealth Advisors, one of India's prominent Full Service Broker. We will evaluate various aspects, including brokerage charges, trading platforms, customer support, and more, to help you make an informed decision.


Patel Wealth Advisors founded in 2015 by Kaushal Patel Vasantrai is a Private company headquartered in Rajkot GJ India. As a Full Service Broker, Patel Wealth Advisors aims to provide cost-effective buy/sell orders, enabling investors to save money compared to Discount Broker. However, it is crucial to note that Patel Wealth Advisors operates as a Discount Broker. It offers extensive investment advice and detailed stock analysis for its clients.

OverviewPatel Wealth Advisors
Broker TypeFull Service Broker
Type of companyPrivate
HeadquarterRajkot GJ
FoundersKaushal Patel Vasantrai
Foundation Year2015
Supported ExchangesNA
Total branchesNil

Patel Wealth Advisors Account opening charges

To begin trading with Patel Wealth Advisors, you need to open a trading account and a Demat account. Patel Wealth Advisors charges Rs.250 for opening a trading account. Additionally, there is an annual maintenance charge (AMC) of Rs.250 per Annum for the Demat account. However, it's worth mentioning that trading AMC is free.

Account Opening and Demat ChargesPatel Wealth Advisors
Trading Account Opening ChargesRs.250
Demat AMC (Annual Maintenance Charges)Rs.250 per Annum
Trading AMC (Annual Maintenance Charges)Free
Margin MoneyMinimum Rs.1,500
Offline to Online ChargesYes
DepositoryCDSL & NSDL

Patel Wealth Advisors Brokerage Charges

One of the main factors to consider when choosing a stockbroker is the brokerage charges. Patel Wealth Advisors brokerage charges for various segments are as follows:

Equity Brokerage Charges

Equity Brokerage ChargesPatel Wealth Advisors
Equity Delivery Brokerage0.35%
Equity Intraday Brokerage0.04%
Equity Futures Brokerage0.04%
Equity Options BrokerageRs.35 per order

Currency Brokerage Charges

Currency Brokerage ChargesPatel Wealth Advisors
Currency Futures Brokerage0.04%
Currency Options BrokerageRs.35 per order

Commodity Brokerage Charges

Commodity Brokerage ChargesPatel Wealth Advisors
Commodity Options Brokerage0.04%

Patel Wealth Advisors Other Charges

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

Other Brokerage ChargesPatel Wealth Advisors
Minimum Brokerage ChargesPercentage of Transaction
Transaction Brokerage Charges0.00305%
SEBI Turnover Charges0.0002% of Total Turnover
Stamp Duty ChargesAs per the state
GST Charges18% of (Brokerage + Transaction Charges)
STT Charges0.0126% of selling value
Call and Trade ChargesNA

Patel Wealth Advisors Equity Leverage

Leverage enables traders to amplify their market exposure using a relatively smaller capital amount. Here's the leverage provided by Patel Wealth Advisors:

Equity LeveragePatel Wealth Advisors
Equity DeliveryUpto 2x
Equity IntradayUpto 5x
Equity FuturesUpto 3x
Equity OptionsUpto 4x

Patel Wealth Advisors Currency Leverage

Currency LeveragePatel Wealth Advisors
Currency FuturesUpto 4x
Currency OptionsUpto 3x

Patel Wealth Advisors Commodity Leverage

Equity LeveragePatel Wealth Advisors
CommodityUpto 3x

Patel Wealth Advisors Offers

Numerous stockbrokers are enticing customers with attractive offers in order to expand their client base. Some of these enticing offers include:

OffersPatel Wealth Advisors
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

Patel Wealth Advisors Features

FeaturesPatel Wealth Advisors
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 FundsNo
SIP (Systematic Investment Plan)No
Forex TradingNo

Patel Wealth Advisors 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.

ServicesPatel Wealth Advisors
Fundamental ReportsNo
Research ReportsYes
Company ReportsNo
Annual ReportsNo
Company Stock ReviewNo
Free Stock TipsYes
IPO ReportsNo
Top PicksYes
Daily Market ReviewYes
Monthly ReportsYes
Weekly reportsYes
Offline AdvisoryYes
Relationship ManagerYes

Patel Wealth Advisors Trading Platforms

The Patel Wealth Advisors 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.

Patel Wealth Advisors Trading Platforms

Desktop Trading PlatformsPatel Wealth Advisors
Desktop BrowserNo

Patel Wealth Advisors Mobile App

The Patel Wealth Advisors 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 AppPatel Wealth Advisors
Mobile BrowserYes
Android AppYes
iOS AppYes
Windows AppNo
Other mobile osNo

Patel Wealth Advisors Web Trading

For web-based trading, Patel Wealth Advisors offers a powerful trading website known as Patel Wealth Advisors 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.

Patel Wealth Advisors Trade Terminal

Patel Wealth Advisors 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.

Patel Wealth Advisors Customer Support

Customer SupportPatel Wealth Advisors
Relationship ManagerYes
Offline TradingYes
Online TradingYes
24 * 7 SupportNo
Email SupportYes
Chat SupportNo
Toll free numberNo
Support Branches380

Patel Wealth Advisors 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 Patel Wealth Advisors.

BSE ComplaintsPatel Wealth Advisors
BSE Complaints0
BSE Resolved Complaints0
Percentage of resolved BSE complaintsNaN %
NSE Complaints1
NSE Resolved Complaints1
Percentage of resolved NSE complaints100.00 %
BSE/NSE Complaint vs. Resolved PercentageNaN %


In conclusion, Patel Wealth Advisors 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, Patel Wealth Advisors can be considered a decent stock broker, but you must examine the pros and cons carefully before making a decision.