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Navigating Brokerage Strategies: Garv Thakur's Insightful Guide to Goodwill Commodities Brokerage

 
 
 

Goodwill Commodities Account Opening Enquiry


  • Best Margin

  • Zero Brokerage.

  • Free Api

  • 24*7 Customer Support.

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Goodwill Commodities Brokerage Charges and Transaction Charges

Goodwill Commodities is a decade old stockbroker, incorporated in the year 2008 by Gandhimathi Baskaran in Chennai. Goodwill commodities and wealth management is a full-service broker having expertise in commodity trading and investment. Goodwill commodities offers service in Equity, Currency, Derivative, Commodity, Mutual Funds and IPO. As a Depositary participant of CDSL and NSDL, Goodwill wealth is a proud member of BSE, NSE, MCX and other national exchanges with client base of more than 70,000 clients.
Goodwill wealth charges a minimum of 0.01% and maximum of 0.02% brokerage which overall is very minimal. As a full-service broker, brokerage charges in Goodwill Commodities are based upon the total percentage of turnover value. It is known for the highest margin limit in the stock brokerage industry and deserves the tag of ‘High Limit/Margin Provider’.
Goodwill Wealth has its own trading platform named as ‘Giga’. It is very user-friendly application with clean user interface. Goodwill commodities is dedicated to provide best facility to their customers. Goodwill commodities offers most qualified advisory services and it has been rewarded thrice by NSE.

Goodwill Wealth/Commodities Account Opening Charges

Goodwill commodities offers trading services to buy and sell stocks, future and options (In equity, currency and commodity segments).

Segment

Charges

Demat Account Opening Charges

Nil

Trading Account Opening Charges

Nil

Demat Account Annual Maintenance Charges

Nil

Trading Account Annual Maintenance Charges

Nil

 

Goodwill Commodities/Wealth Brokerage Charges

Goodwill Commodities charges very minimal brokerage and based upon the total percentage of turnover value.

Segment

Charges

Equity Intraday

0.01% to 0.020%

Equity Delivery

0.01% to 0.020%

Equity Futures

0.20% to Rs.50/lot

Equity Option

0.20% to Rs.50/lot

Currency Future

0.01%

Currency Option

0.01%

Commodity Future

0.01%

Commodity Option

0.01%

 

Goodwill Wealth/Commodities Margin/Limit

In the stockbroker industry, Goodwill wealth is one of the highest margin provider. It is a best broker for the traders who need high margin with lowest brokerage.

Segment

Charges

Delivery

Upto 2x

Intraday

Upto 2x

Currency Future

Upto 2x

Currency Option

Upto 3x

Equity Future

Upto 2x

Equity Option

Upto 5x

Commodities

Upto 5x

 

Goodwill Wealth Other Charges

Segment

Charges

Transaction Charges

0.00333%

STT Charges

0.0126% of total turnover

SEBI Turnover Charges

0.0002% of total turnover

Stamp Duty

Depends on state (Very Minimal)

GST

18% of (Brokerage and Transaction Charges

 

Goodwill Wealth/Commodities Services

Goodwill Commodities is well known brand in the field of share market. It offers a wide range of products and services and always dedicated to provide best services.

Products/Services

Availability

Equity Trading

Yes

Commodity Trading

Yes

Currency Trading

Yes

Mutual Funds

Yes

Forex

No

Banking

No

SIP

Yes

Options

Yes

Futures

Yes

Insurance

Yes

3 in1 Account

No

IPO Services

Yes

Intraday Services

Yes

Demat and Trading Services

Yes

Advantages & Disadvantages of Goodwill Commodities

Advantages

• Very Minimal Brokerage.
• Zero Demat and Trading Account Opening charge .
• Zero Annual Maintenance Charges.
• Online and offline account opening services.
• Provides weekly and monthly reports.
• No margin money.
• Advisory services provided by the broker (Awarded thrice by NSE).
• Wide range of products and services.
• No hidden charges and commission.

Disadvantage

• Not able to Invest in foreign stocks.
• Does not support Algo trading
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Frequently Asked Questions


This platform provides you a wide range of advance tool for charting, trading and technical analysis. Goodwill have transformed the face of trading. This platform is integrated with the latest technology which is secure, reliable and user friendly.
This is the process by which physical certificates of an investor are converted to an equivalent number of securities in electronic from and credited to the investor’s account.
Yes, Goodwill is the trading member of the MSEI. Traders/Investors need to open a trading account and after that participants need to deposit stipulated cash or collaterals with the trading member.
There is no Account Opening Fees for Demat and Trading Account in GoodWill Commodities.
SLBM stands for Stock Lending and Borrowing Mechanism. Stock or Security Lending and Borrowing (SLB) is an opportunity in which a trader can lend the stocks that they own and also a trader can borrow shares that they do not already own. In this way, a trader can earn a lending fee for the stocks lend.
Yes, on behalf of their client, Goodwill will place the request on the SLB trading platform. Traders should have trading account with Goodwill.
This is totally free, you don’t need to pay single penny to open your demat as well as trading account at Goodwill.
Nobody knows the actual price at which the share is quoted on listing in the stock exchange, sometimes it could be less than the offered rate. This totally depends on demand and supply of the shares, company’s performance, overall economy etc.
Yes, it is safe, hassle free, reliable and trustworthy stockbroker. This broker is professionally well managed and listed at BSE and NSE.
No, Goodwill does not provide 3-in-1 account service.
ISIN stands for International Securities Identification Number. This is a unique code to identify securities.
It is advisable to transact through a SEBI registered intermediary. If you want to buy or sell any security on stock exchanges then you need to transact through a trading member of a stock exchange and also if you intend to hold securities in demat form then you need to maintain an account with a depositary.
Some useful points are as follows : • Always make sure that your broker must be SEBI registered. • Sign an agreement with your broker or sub-broker setting out terms and conditions clearly. • Always insist on contract notes from your broker or sub-broker. • Be sure that you give all your required details in the “Know Your Client” form. • Always remember to keep copies of all the investment documents, application forms, acknowledgements slip, contract notes etc. • Never ignore your expenses as well as if there is any doubt regarding transactions, make sure to discuss it with broker or sub-broker. • If your broker or sub-broker is not resolving your problem or complaints within a reasonable period of time then bring it to attention of the “Investor Grievances Cell” of the NSE. • Self-assessment is very important before investing. You must know your capabilities before venturing in the market.
MSEI stands for Metropolitan Exchange of India Limited. It is an electronic platform for trading in capital market, future and options, currency derivative and debt market segments.