Reviews of Stock Brokers

R Wadiwala Securities

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 R Wadiwala Securities, 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.


R Wadiwala Securities founded in 2005 by Nainish Wadiwala is a Private company headquartered in Surat, GJ India. As a Full Service Broker, R Wadiwala Securities aims to provide cost-effective buy/sell orders, enabling investors to save money compared to Discount Broker. However, it is crucial to note that R Wadiwala Securities operates as a Discount Broker. It offers extensive investment advice and detailed stock analysis for its clients.

OverviewR Wadiwala Securities
Broker TypeFull Service Broker
Type of companyPrivate
HeadquarterSurat, GJ
FoundersNainish Wadiwala
Foundation Year2005
Supported ExchangesNA
Total branchesNil

R Wadiwala Securities Account opening charges

To begin trading with R Wadiwala Securities, you need to open a trading account and a Demat account. R Wadiwala Securities charges Free for opening a trading account. Additionally, there is an annual maintenance charge (AMC) of Rs.290 per Annum for the Demat account. However, it's worth mentioning that trading AMC is free.

Account Opening and Demat ChargesR Wadiwala Securities
Trading Account Opening ChargesFree
Demat AMC (Annual Maintenance Charges)Rs.290 per Annum
Trading AMC (Annual Maintenance Charges)Rs.250 per Annum
Margin MoneyZero Margin
Offline to Online ChargesYes
DepositoryCDSL & NSDL

R Wadiwala Securities Brokerage Charges

One of the main factors to consider when choosing a stockbroker is the brokerage charges. R Wadiwala Securities brokerage charges for various segments are as follows:

Equity Brokerage Charges

Equity Brokerage ChargesR Wadiwala Securities
Equity Delivery Brokerage0.29%
Equity Intraday Brokerage0.03%
Equity Futures Brokerage0.03%
Equity Options BrokerageRs.29 per Lot

Currency Brokerage Charges

Currency Brokerage ChargesR Wadiwala Securities
Currency Futures Brokerage0.03%
Currency Options BrokerageRs.19 per Lot

Commodity Brokerage Charges

Commodity Brokerage ChargesR Wadiwala Securities
Commodity Options BrokerageNA

R Wadiwala Securities Other Charges

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

Other Brokerage ChargesR Wadiwala Securities
Minimum Brokerage ChargesPercentage of Transaction
Transaction Brokerage Charges0.00290%
SEBI Turnover Charges0.0002% of Total Turnover
Stamp Duty ChargesAs per the state
GST Charges18% of (Brokerage + Transaction Charges)
STT Charges0.0126% of Total Turnover
Call and Trade ChargesNA

R Wadiwala Securities Equity Leverage

Leverage enables traders to amplify their market exposure using a relatively smaller capital amount. Here's the leverage provided by R Wadiwala Securities:

Equity LeverageR Wadiwala Securities
Equity DeliveryUpto 1x
Equity IntradayUpto 6x
Equity FuturesUpto 3x
Equity OptionsUpto 4x

R Wadiwala Securities Currency Leverage

Currency LeverageR Wadiwala Securities
Currency FuturesUpto 1x
Currency OptionsUpto 3x

R Wadiwala Securities Commodity Leverage

Equity LeverageR Wadiwala Securities
CommodityUpto 1x

R Wadiwala Securities Offers

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

OffersR Wadiwala Securities
Free Stock Trading AccountNo
Free Demat AccountYes
Flexible PlansYes
Brokerage DiscountsYes
Happy HoursNo
1 Month Free PlanNo
Holiday OffersYes
Referral ProgramNo
Zero Brokerage on Loss TradesNo

R Wadiwala Securities Features

FeaturesR Wadiwala Securities
Equity Delivery TradingYes
Equity Intraday TradingYes
Equity Futures TradingYes
Equity Options TradingYes
Currency TradingYes
Commodity TradingNo
IPO (Initial public offering)Yes
Stocks SuggestionsNo
Robo AdvisoryNo
PMS (Portfolio Management Services)No
Trading InstitutionNo
Trading ExposureUpto 6x
Mutual FundsNo
SIP (Systematic Investment Plan)No
Forex TradingNo

R Wadiwala Securities 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.

ServicesR Wadiwala Securities
Fundamental ReportsNo
Research ReportsYes
Company ReportsNo
Annual ReportsNo
Company Stock ReviewNo
Free Stock TipsYes
IPO ReportsNo
Top PicksNo
Daily Market ReviewYes
Monthly ReportsYes
Weekly reportsYes
Offline AdvisoryYes
Relationship ManagerYes

R Wadiwala Securities Trading Platforms

The R Wadiwala Securities 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.

R Wadiwala Securities Trading Platforms

Desktop Trading PlatformsR Wadiwala Securities
Desktop BrowserYes

R Wadiwala Securities Mobile App

The R Wadiwala Securities 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 AppR Wadiwala Securities
Mobile BrowserNo
Android AppYes
iOS AppYes
Windows AppNo
Other mobile osNo

R Wadiwala Securities Web Trading

For web-based trading, R Wadiwala Securities offers a powerful trading website known as R Wadiwala Securities 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.

R Wadiwala Securities Trade Terminal

R Wadiwala Securities 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.

R Wadiwala Securities Customer Support

Customer SupportR Wadiwala Securities
Relationship ManagerYes
Offline TradingYes
Online TradingYes
24 * 7 SupportNo
Email SupportYes
Chat SupportNo
Toll free numberNo
Support Branches920

R Wadiwala Securities 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 R Wadiwala Securities.

BSE ComplaintsR Wadiwala Securities
BSE Complaints1
BSE Resolved Complaints1
Percentage of resolved BSE complaints100.00 %
NSE Complaints5
NSE Resolved Complaints5
Percentage of resolved NSE complaints100.00 %
BSE/NSE Complaint vs. Resolved Percentage100.00 %


In conclusion, R Wadiwala Securities 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, R Wadiwala Securities can be considered a decent stock broker, but you must examine the pros and cons carefully before making a decision.