Reviews of Stock Brokers


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 Way2Wealth, 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.


Way2Wealth founded in 1984 by V.G. Siddhartha is a Private company headquartered in Bangalore, Karnataka India. As a Full Service Broker, Way2Wealth aims to provide cost-effective buy/sell orders, enabling investors to save money compared to Discount Broker. However, it is crucial to note that Way2Wealth operates as a Discount Broker. It offers extensive investment advice and detailed stock analysis for its clients.

Broker TypeFull Service Broker
Type of companyPrivate
HeadquarterBangalore, Karnataka
FoundersV.G. Siddhartha
Foundation Year1984
Supported ExchangesNA
Total branchesNil

Way2Wealth Account opening charges

To begin trading with Way2Wealth, you need to open a trading account and a Demat account. Way2Wealth charges Zero for opening a trading account. Additionally, there is an annual maintenance charge (AMC) of Rs.242 per Annum for the Demat account. However, it's worth mentioning that trading AMC is free.

Account Opening and Demat ChargesWay2Wealth
Trading Account Opening ChargesZero
Demat AMC (Annual Maintenance Charges)Rs.242 per Annum
Trading AMC (Annual Maintenance Charges)Free
Margin MoneyMinimum 10,000
Offline to Online ChargesYes
DepositoryCDSL & NSDL

Way2Wealth Brokerage Charges

One of the main factors to consider when choosing a stockbroker is the brokerage charges. Way2Wealth brokerage charges for various segments are as follows:

Equity Brokerage Charges

Equity Brokerage ChargesWay2Wealth
Equity Delivery Brokerage0.1% – 0.4%
Equity Intraday Brokerage0.01% – 0.04%
Equity Futures Brokerage0.01% – 0.04%
Equity Options BrokerageRs.20 – Rs.70 per Lot

Currency Brokerage Charges

Currency Brokerage ChargesWay2Wealth
Currency Futures Brokerage0.01% – 0.04%
Currency Options BrokerageRs.10 – Rs.40 per Lot

Commodity Brokerage Charges

Commodity Brokerage ChargesWay2Wealth
Commodity Options Brokerage0.01% – 0.04%

Way2Wealth Other Charges

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

Other Brokerage ChargesWay2Wealth
Minimum Brokerage ChargesCustomizable
Transaction Brokerage Charges0.00325% 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

Way2Wealth Equity Leverage

Leverage enables traders to amplify their market exposure using a relatively smaller capital amount. Here's the leverage provided by Way2Wealth:

Equity LeverageWay2Wealth
Equity DeliveryUpto 2x
Equity IntradayUpto 6x
Equity FuturesUpto 2x
Equity OptionsUpto 4x

Way2Wealth Currency Leverage

Currency LeverageWay2Wealth
Currency FuturesUpto 2x
Currency OptionsUpto 2x

Way2Wealth Commodity Leverage

Equity LeverageWay2Wealth
CommodityUpto 2x

Way2Wealth Offers

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

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

Way2Wealth Features

Equity Delivery TradingYes
Equity Intraday TradingYes
Equity Futures TradingYes
Equity Options TradingYes
Currency TradingYes
Commodity TradingYes
IPO (Initial public offering)Yes
Stocks SuggestionsNo
Robo AdvisoryYes
PMS (Portfolio Management Services)Yes
Trading InstitutionNo
Trading ExposureUpto 6x
Mutual FundsYes
SIP (Systematic Investment Plan)Yes
Forex TradingNo

Way2Wealth 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.

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

Way2Wealth Trading Platforms

The Way2Wealth 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.

Way2Wealth Trading Platforms

Desktop Trading PlatformsWay2Wealth
Desktop BrowserYes

Way2Wealth Mobile App

The Way2Wealth 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 AppWay2Wealth
Mobile BrowserNo
Android AppYes
iOS AppYes
Windows AppNo
Other mobile osNo

Way2Wealth Web Trading

For web-based trading, Way2Wealth offers a powerful trading website known as Way2Wealth 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.

Way2Wealth Trade Terminal

Way2Wealth 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.

Way2Wealth Customer Support

Customer SupportWay2Wealth
Relationship ManagerYes
Offline TradingYes
Online TradingYes
24 * 7 SupportNo
Email SupportYes
Chat SupportNo
Toll free numberNo
Support Branches180

Way2Wealth 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 Way2Wealth.

BSE ComplaintsWay2Wealth
BSE Complaints128
BSE Resolved Complaints128
Percentage of resolved BSE complaints100.00 %
NSE Complaints196
NSE Resolved Complaints196
Percentage of resolved NSE complaints100.00 %
BSE/NSE Complaint vs. Resolved Percentage100.00 %


In conclusion, Way2Wealth 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, Way2Wealth can be considered a decent stock broker, but you must examine the pros and cons carefully before making a decision.