Reviews of Stock Brokers

Swastika Investmart

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 Swastika Investmart, 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.


Swastika Investmart founded in 1992 by Sunil Nyati is a Private company headquartered in Mumbai, Maharashtra India. As a Full Service Broker, Swastika Investmart aims to provide cost-effective buy/sell orders, enabling investors to save money compared to Discount Broker. However, it is crucial to note that Swastika Investmart operates as a Discount Broker. It offers extensive investment advice and detailed stock analysis for its clients.

OverviewSwastika Investmart
Broker TypeFull Service Broker
Type of companyPrivate
HeadquarterMumbai, Maharashtra
FoundersSunil Nyati
Foundation Year1992
Supported ExchangesNA
Total branchesNil

Swastika Investmart Account opening charges

To begin trading with Swastika Investmart, you need to open a trading account and a Demat account. Swastika Investmart charges Rs.550 for opening a trading account. Additionally, there is an annual maintenance charge (AMC) of Rs.300 for the Demat account. However, it's worth mentioning that trading AMC is free.

Account Opening and Demat ChargesSwastika Investmart
Trading Account Opening ChargesRs.550
Demat AMC (Annual Maintenance Charges)Rs.300
Trading AMC (Annual Maintenance Charges)Zero
Margin MoneyRs.15,000 Minimum
Offline to Online ChargesYes
DepositoryCDSL & NSDL

Swastika Investmart Brokerage Charges

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

Equity Brokerage Charges

Equity Brokerage ChargesSwastika Investmart
Equity Delivery Brokerage0.15% – 0.35%
Equity Intraday Brokerage0.020% – 0.050%
Equity Futures Brokerage0.020% – 0.050%
Equity Options BrokerageRs.75 per lot

Currency Brokerage Charges

Currency Brokerage ChargesSwastika Investmart
Currency Futures Brokerage0.020% – 0.050%
Currency Options BrokerageRs.50 per Lot

Commodity Brokerage Charges

Commodity Brokerage ChargesSwastika Investmart
Commodity Options Brokerage0.020% – 0.050%

Swastika Investmart Other Charges

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

Other Brokerage ChargesSwastika Investmart
Minimum Brokerage ChargesPercentage of Transaction
Transaction Brokerage Charges0.00315% of Total Turnover
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

Swastika Investmart Equity Leverage

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

Equity LeverageSwastika Investmart
Equity DeliveryUpto 2x
Equity IntradayUpto 6x
Equity FuturesUpto 3x
Equity OptionsUpto 5x

Swastika Investmart Currency Leverage

Currency LeverageSwastika Investmart
Currency FuturesUpto 2x
Currency OptionsUpto 2x

Swastika Investmart Commodity Leverage

Equity LeverageSwastika Investmart
CommodityUpto 2x

Swastika Investmart Offers

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

OffersSwastika Investmart
Free Stock Trading AccountYes
Free Demat AccountYes
Flexible PlansYes
Brokerage DiscountsNo
Happy HoursNo
1 Month Free PlanNo
Holiday OffersNo
Referral ProgramNo
Zero Brokerage on Loss TradesNo

Swastika Investmart Features

FeaturesSwastika Investmart
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)Yes
Trading InstitutionNo
Trading ExposureUpto 6x
Mutual FundsYes
SIP (Systematic Investment Plan)Yes
Forex TradingNo

Swastika Investmart 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.

ServicesSwastika Investmart
Fundamental ReportsYes
Research ReportsNo
Company ReportsNo
Annual ReportsNo
Company Stock ReviewYes
Free Stock TipsYes
IPO ReportsYes
Top PicksYes
Daily Market ReviewYes
Monthly ReportsYes
Weekly reportsYes
Offline AdvisoryYes
Relationship ManagerYes

Swastika Investmart Trading Platforms

The Swastika Investmart 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.

Swastika Investmart Trading Platforms

Desktop Trading PlatformsSwastika Investmart
Desktop BrowserYes

Swastika Investmart Mobile App

The Swastika Investmart 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 AppSwastika Investmart
Mobile BrowserYes
Android AppYes
iOS AppYes
Windows AppYes
Other mobile osYes

Swastika Investmart Web Trading

For web-based trading, Swastika Investmart offers a powerful trading website known as Swastika Investmart 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.

Swastika Investmart Trade Terminal

Swastika Investmart 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.

Swastika Investmart Customer Support

Customer SupportSwastika Investmart
Relationship ManagerYes
Offline TradingYes
Online TradingYes
24 * 7 SupportNo
Email SupportYes
Chat SupportNo
Toll free numberNo
Support Branches20

Swastika Investmart 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 Swastika Investmart.

BSE ComplaintsSwastika Investmart
BSE Complaints22
BSE Resolved Complaints22
Percentage of resolved BSE complaints100.00 %
NSE Complaints31
NSE Resolved Complaints31
Percentage of resolved NSE complaints100.00 %
BSE/NSE Complaint vs. Resolved Percentage100.00 %


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