Goodwill Commodities Review 2023| Brokerage, Charges, Margin, Demat
GOODWILL COMMODITIES Review | Brokerage Charges, Account Opening
Goodwill Commodity is a Chennai based full-service broker established in the year 2008 by Gandhimathi Baskaran. This Chennai based full-service broker known for expertise in commodities trading and investment.
Goodwill provides Commodity Demat and Trading Account and has Depository Participant with NSDL and CDSL and a Member of NSE, BSE, MCX, and NCDEX.
According to NSE, as of 31st Jan 2023, Goodwill Commodity has an active client base of 20,000+.
Goodwill has presence in around 27 locations through its sub-broker and franchise offices across India. Apart from that Goodwill has an in-house research team that works with the clients on a regular basis.
Furthermore, Goodwill has partnership with around 24 banks in order to perform transactions as per the requirements.
Goodwill Commodities provides trading services through different segments. Its charge rates are given in percentage ranges and starting with the Equity Delivery the charge is 0.1% – 0.2%. The charge for Equity Intraday, Equity Futures, Currency Futures and Commodity is the same and 0.01% – 0.02%.
On the other side is the Equity Options which ranges between Rs.10 – Rs.20 per Lot and Currency Options of Rs.7 – Rs.10 per Lot.
Goodwill provides the trading services in the following segments:
• Mutual Funds
Goodwill has recently set up a separate business portal named ‘MutualFundsKaro.com’. This product specifically helps to build up your mutual funds’ investments and portfolio.
Goodwill provides a number of trading platforms to experience hassle-free trading with rich features. It also provides lightweight applications which are easy to use and can easily be accessible through desktop, computer, or a laptop.
Goodwill provides the number of trading platforms given below:
• ODIN DIET
Goodwill also provides rich featured mobile applications named Commodities Trading app-GAMA and GIGA.
Goodwill Commodities does provide services for NRIs.
Features of Goodwill Commodities:
• Reasonable intraday brokerage
• Pretty high exposure
• Good commodity level research
• Good customer support
Goodwill has the following communication channels to support customers:
• Phone support
• Email support
The quality of customer support of Goodwill is very reasonable and it is doing a decent job in terms of customer support.
Goodwill Commodities has a perfect blend and latest technology and rich experience over a decade. Honestly, transparency, & fairness imbibed in all dealing. Goodwill is one of the best trading platforms providers in terms of speed, time, convenience & risk management for 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.