Reviews of Stock Brokers

Stewart Mackertich Wms

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 Stewart Mackertich Wms, 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.


Stewart Mackertich Wms founded in 1993 by Rahul Kayan, Ashiwini Kumar Tripathi is a Public company headquartered in Kolkata, WB India. As a Full Service Broker, Stewart Mackertich Wms aims to provide cost-effective buy/sell orders, enabling investors to save money compared to Discount Broker. However, it is crucial to note that Stewart Mackertich Wms operates as a Discount Broker. It offers extensive investment advice and detailed stock analysis for its clients.

OverviewStewart Mackertich Wms
Broker TypeFull Service Broker
Type of companyPublic
HeadquarterKolkata, WB
FoundersRahul Kayan, Ashiwini Kumar Tripathi
Foundation Year1993
Supported ExchangesNA
Total branchesNil

Stewart Mackertich Wms Account opening charges

To begin trading with Stewart Mackertich Wms, you need to open a trading account and a Demat account. Stewart Mackertich Wms 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 ChargesStewart Mackertich Wms
Trading Account Opening ChargesRs.250
Demat AMC (Annual Maintenance Charges)Rs.250 per Annum
Trading AMC (Annual Maintenance Charges)Free
Margin MoneyMinimum Rs.5,100
Offline to Online ChargesYes
DepositoryCDSL & NSDL

Stewart Mackertich Wms Brokerage Charges

One of the main factors to consider when choosing a stockbroker is the brokerage charges. Stewart Mackertich Wms brokerage charges for various segments are as follows:

Equity Brokerage Charges

Equity Brokerage ChargesStewart Mackertich Wms
Equity Delivery Brokerage0.36%
Equity Intraday Brokerage0.04%
Equity Futures Brokerage0.04%
Equity Options BrokerageRs.36 per Lot

Currency Brokerage Charges

Currency Brokerage ChargesStewart Mackertich Wms
Currency Futures Brokerage0.04%
Currency Options BrokerageRs.36 per Lot

Commodity Brokerage Charges

Commodity Brokerage ChargesStewart Mackertich Wms
Commodity Options Brokerage0.04%

Stewart Mackertich Wms Other Charges

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

Other Brokerage ChargesStewart Mackertich Wms
Minimum Brokerage ChargesPercentage of Transaction
Transaction Brokerage Charges0.00299% of Total Turnover
SEBI Turnover Charges0.0002% of Total Turnover
Stamp Duty ChargesAs per the state
GST Charges18% of (Brokerage + Transaction Charges)
STT Charges0.0112% of Total Turnover
Call and Trade ChargesNA

Stewart Mackertich Wms Equity Leverage

Leverage enables traders to amplify their market exposure using a relatively smaller capital amount. Here's the leverage provided by Stewart Mackertich Wms:

Equity LeverageStewart Mackertich Wms
Equity DeliveryUpto 2x
Equity IntradayUpto 5x
Equity FuturesUpto 3x
Equity OptionsUpto 6x

Stewart Mackertich Wms Currency Leverage

Currency LeverageStewart Mackertich Wms
Currency FuturesUpto 1x
Currency OptionsUpto 3x

Stewart Mackertich Wms Commodity Leverage

Equity LeverageStewart Mackertich Wms
CommodityUpto 2x

Stewart Mackertich Wms Offers

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

OffersStewart Mackertich Wms
Free Stock Trading AccountYes
Free Demat AccountNo
Flexible PlansYes
Brokerage DiscountsNo
Happy HoursNo
1 Month Free PlanNo
Holiday OffersNo
Referral ProgramYes
Zero Brokerage on Loss TradesNo

Stewart Mackertich Wms Features

FeaturesStewart Mackertich Wms
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

Stewart Mackertich Wms 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.

ServicesStewart Mackertich Wms
Fundamental ReportsNo
Research ReportsYes
Company ReportsYes
Annual ReportsYes
Company Stock ReviewYes
Free Stock TipsYes
IPO ReportsYes
Top PicksNo
Daily Market ReviewYes
Monthly ReportsYes
Weekly reportsYes
Offline AdvisoryYes
Relationship ManagerYes

Stewart Mackertich Wms Trading Platforms

The Stewart Mackertich Wms 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.

Stewart Mackertich Wms Trading Platforms

Desktop Trading PlatformsStewart Mackertich Wms
Desktop BrowserYes

Stewart Mackertich Wms Mobile App

The Stewart Mackertich Wms 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 AppStewart Mackertich Wms
Mobile BrowserYes
Android AppYes
iOS AppYes
Windows AppNo
Other mobile osNo

Stewart Mackertich Wms Web Trading

For web-based trading, Stewart Mackertich Wms offers a powerful trading website known as Stewart Mackertich Wms 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.

Stewart Mackertich Wms Trade Terminal

Stewart Mackertich Wms 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.

Stewart Mackertich Wms Customer Support

Customer SupportStewart Mackertich Wms
Relationship ManagerYes
Offline TradingYes
Online TradingYes
24 * 7 SupportNo
Email SupportYes
Chat SupportNo
Toll free numberNo
Support Branches380

Stewart Mackertich Wms 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 Stewart Mackertich Wms.

BSE ComplaintsStewart Mackertich Wms
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, Stewart Mackertich Wms 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, Stewart Mackertich Wms can be considered a decent stock broker, but you must examine the pros and cons carefully before making a decision.