Maheshwari Financial Services Review

An important step in investing in the stock market is deciding which stockbroker to use. It has the ability to significantly impact your investment returns, trading experience, and overall satisfaction. So, in today’s article, we will talk about a comprehensive review of Maheshwari Financial Services, which is one of the leading stockbrokers in India. To help you make an informed decision, we will assess numerous factors such as brokerage fees, customer support, trading platform, and much more.


Maheshwari Financial Services is a Public company headquartered in New Delhi which is founded in 1995 by Suneet Kumar Maheshwari. Maheshwari-Financial-Services is a Full Service Broker that strives to provide cost-effective buy/sell orders, helping investors to save money when in comparison with Discount Broker. However, it is vital to note that Maheshwari Financial Services work as a Discount Broker because it offers thorough investment advice and complete stock analysis to its clients. Maheshwari Financial Services is an NSE and BSE-listed company with over Nil branches in India.

OverviewMaheshwari Financial Services
Broker TypeFull Service Broker
Type of companyPublic
HeadquarterNew Delhi
FoundersSuneet Kumar Maheshwari
Foundation Year1995
Supported ExchangesNA
Total branchesNil

Maheshwari Financial Services Account opening charges

You need to open a demat account and a trading account, to start trading with Maheshwari Financial Services. So, to open a trading account with Maheshwari Financial Services, you need to pay a fee of Rs.310. However, the trading annual maintenance charges of Maheshwari Financial Services are free. And Demat annual maintenance charges are Rs.310 per Annum. There are also no fees for margin money or transfers from an offline to an online account. And Maheshwari Financial Services is registered with CDSL i.e., Central Depository Services Limited as a Depository Participant (DP).

Account Opening and Demat ChargesMaheshwari Financial Services
Trading Account Opening ChargesRs.310
Demat AMC (Annual Maintenance Charges)Rs.310 per Annum
Trading AMC (Annual Maintenance Charges)Free
Margin MoneyMinimum Rs.15,100
Offline to Online ChargesYes
DepositoryCDSL & NSDL

Maheshwari Financial Services Brokerage Charges

Brokerage fees are an important factor to consider when choosing a stockbroker. Here are Maheshwari Financial Services brokerage charges for various segments:

  • Equity delivery: There are no fees for equities delivery trades with Maheshwari Financial Services This implies you can invest in equities without paying any brokerage charges.
  • Equity intraday: Maheshwari Financial Services charges a brokerage fee of 0.05% per order.
  • Equity futures: The brokerage cost for equity futures is 0.05% as well.
  • Equity options: Maheshwari Financial Services charges a brokerage fee of Rs.51 per Lot for trading equity options.
  • Currency: Unleash your trading potential with Maheshwari Financial Services’s dynamic 0.05% charges.
  • Commodity: For commodity options trading, Maheshwari Financial Services charges a brokerage fee of 0.05%.

Equity Brokerage Charges

Equity Brokerage ChargesMaheshwari Financial Services
Equity Delivery Brokerage0.51%
Equity Intraday Brokerage0.05%
Equity Futures Brokerage0.05%
Equity Options BrokerageRs.51 per Lot

Currency Brokerage Charges

Currency Brokerage ChargesMaheshwari Financial Services
Currency Futures Brokerage0.05%
Currency Options BrokerageRs.31 per Lot

Commodity Brokerage Charges

Commodity Brokerage ChargesMaheshwari Financial Services
Commodity Options Brokerage0.05%

Maheshwari Financial Services Other Charges

  • Minimum brokerage charges: At Maheshwari Financial Services, we’ve revolutionized our fee structure by introducing a unique minimum brokerage charge based on a Percentage of Transaction.
  • Transaction brokerage charges: A transaction brokerage fee of 0.00% is to be paid by a customer.
  • SEBI turnover charges: The Securities and Exchange Board of India (SEBI) levies a 0.0002% of Total Turnover charge.
  • Stamp duty charges: The total amount of stamp duty charged is determined by the state and the type of asset.
  • GST charges: GST is charged at 18% of (Brokerage + Transaction Charges).
  • STT (Securities transaction tax): STT is levied at a rate of 0.0126% of Total Turnover by Maheshwari Financial Services.
  • Call and trade charges: If you use call and trade service, the charges of Maheshwari Financial Services are NA.
Other Brokerage ChargesMaheshwari Financial Services
Minimum Brokerage ChargesPercentage of Transaction
Transaction Brokerage Charges0.00%
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

Maheshwari Financial Services Equity Leverage

Leverage allows traders to enhance their market exposure while using a smaller quantity of capital. Maheshwari Financial Services offers Upto 2x times leverage on equity delivery, Upto 5x times leverage on equity intraday, Upto 2x times leverage on equity futures, and Upto 4x times leverage on equity options.

Here is the leverage provided by Maheshwari Financial Services:

Equity LeverageMaheshwari Financial Services
Equity DeliveryUpto 2x
Equity IntradayUpto 5x
Equity FuturesUpto 2x
Equity OptionsUpto 4x

Maheshwari Financial Services Currency Leverage

Maheshwari Financial Services also offers currency trading leverage. Leverage is available for Currency Futures up to Upto 3x times and Currency Options Upto 2x times.

Currency LeverageMaheshwari Financial Services
Currency FuturesUpto 3x
Currency OptionsUpto 2x

Maheshwari Financial Services Commodity Leverage

Maheshwari Financial Services offers Upto 2x leverage for commodity trading.

Equity LeverageMaheshwari Financial Services
CommodityUpto 2x

Maheshwari Financial Services Offers

Many stockbrokers are enticing customers with appealing deals in order to boost their client base. Here are some of the fantastic deals that Maheshwari Financial Services gives to its consumers. They give you a free stock trading account, a free demat account, and various brokerage discounts.

OffersMaheshwari Financial Services
Free Stock Trading AccountYes
Free Demat AccountNo
Flexible PlansYes
Brokerage DiscountsYes
Happy HoursNo
1 Month Free PlanNo
Holiday OffersYes
Referral ProgramNo
Zero Brokerage on Loss TradesNo

Maheshwari Financial Services Features

  • Discount Broker:Maheshwari Financial Services, a reputable online stock broker in India, offers regular investors low-cost brokerage services. It imposes a brokerage fee of Percentage of Transaction executed, regardless of trade category, size, or exchange. They also offer Upto 5x trading leverage.
  • Range of Investment Products: Maheshwari Financial Services is a one-stop shop for all of your financial investment requirements. It allows you to trade stocks, commodities, and currencies on the BSE, NSE, and MCX. It also provides investment opportunities in mutual funds, SIPs, gold, peer-to-peer lending, initial public offerings (IPOs), and currency trading.
  • Subscription Plans: Maheshwari Financial Services paves the way for a personalized trading experience with its exclusive selection of subscription plans: the Basic Pack, Power Investor Pack, and Ultra Trader Pack. These services include a variety of features and perks, such as lower brokerage fees, research advisory, free trades, and specialised customer support.
  • Research and Advisory Services: Maheshwari Financial Services differentiates out by offering comprehensive research and advising services. It provides solutions for both short-term and long-term investment ideas, as well as derivative methods and portfolio-based investment ideas. The platform also includes a portfolio analyzer tool for evaluating the overall performance of all your investments.
  • Margin Funding: Maheshwari Financial Services provides margin funding services. These can be used to make partial payments on cash segment transactions. Maheshwari Financial Services lends the remaining balance at a low interest rate.
  • Mobile Trading App and Trading Platforms: Maheshwari Financial Services provides an easy-to-use mobile trading app, as well as a web-based trading platform and an installable trading terminal. These platforms provide flawless trading experiences and are built with cutting-edge technology. The mobile app gives users access to trading, robo-advisory, and a variety of investment choices.
  • Demat Account Services: Maheshwari Financial Services offers demat account services through its membership with CDSL. It has been designated as a top depository participant by the CDSL.
  • Low Charges: Maheshwari Financial Services is recognised in the brokerage sector for having the lowest fees. Unleash your trading potential with Maheshwari Financial Services’s 0.05% brokerage fee and exclusive value-add packs for enhanced benefits. 5Paisa also provides free account opening and no-brokerage mutual funds.
  • Algo Trading and Robo Advisory: Maheshwari Financial Services provides robo-advisory and algo trading services to its clients. These services enable in the automation of trading strategies and provide tailored investment advice based on risk profiles and expected returns.
  • Customer Support: Maheshwari Financial Services offers personally tailored customer service to its consumers. The power investor and ultra trader packs both feature free customer assistance.
FeaturesMaheshwari Financial Services
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

Maheshwari Financial Services Advisory Services

The primary distinction between a full-service broker and a discount broker is the range of services given and the prices charged.Maheshwari Financial Services offers research papers with the top recommendations, which are developed by industry specialists. On their website, Maheshwari Financial Services also offers annual reports, as well as daily market reviews and weekly reports.

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

Maheshwari Financial Services Trading Platforms

To fulfil the various needs of its consumers, the Maheshwari Financial Services trading software comprises a number of trading platforms. It was built on the IIFL trading platform, and clients have trusted it for more than two decades now. A web browser-based platform, mobile app and an installable desktop trading application are the three types of trading platforms.

Desktop Trading PlatformsMaheshwari Financial Services
Desktop BrowserYes

Maheshwari Financial Services Mobile App

Maheshwari Financial Services offers mobile trading through the Maheshwari Financial Services app, including BSE/NSE trading and robo-advisory services. This app is compatible with iOS, Android, and mobile browsers. With the software, users are able to buy stocks, trade futures and options, and invest in mutual funds, exchange traded funds, bonds, and other investments.

Mobile AppMaheshwari Financial Services
Mobile BrowserNo
Android AppYes
iOS AppYes
Windows AppNo
Other Mobile OSNo

Maheshwari Financial Services Customer Support

  • Online trading support: Maheshwari Financial Services can assist customers with online trading. A range of trading platforms are available for traders, including mobile apps, online browsers, and desktop programs.
  • 24*7 support: Maheshwari Financial Services offers its consumers 24-hour support. The customer service team is available and accessible 24/7, which means you can contact them at any time, even during non-business hours.
  • Email support: Customers can contact Maheshwari Financial Services5Paisa’s customer support staff via email if they require assistance. Customers can send their queries and issues to the company’s email address.
Customer SupportMaheshwari Financial Services
Relationship ManagerYes
Offline TradingYes
Online TradingYes
24 * 7 SupportNo
Email SupportYes
Chat SupportNo
Toll free numberNo
Support Branches920

Maheshwari Financial Services Complaints

Brokerage firms can assess the quality and reliability of their services by evaluating how many complaints they receive. There are a total of 0 BSE complaints, of which 0 have been resolved, which amounts to NaN % in percentage terms. And, when it comes to NSE complaints, there are 2 of them, with 2 of them resolved, for a percentage of 100.00 %. And the percentage of BSE/NSE complaints resolved is NaN %

The table below highlights the complaints acquired by Maheshwari Financial Services.

BSE ComplaintsMaheshwari Financial Services
BSE Complaints0
BSE Resolved Complaints0
Percentage of resolved BSE complaintsNaN %
NSE Complaints2
NSE Resolved Complaints2
Percentage of resolved NSE complaints100.00 %
BSE/NSE Complaint vs. Resolved PercentageNaN %


In conclusion, Explore Maheshwari Financial Services’s intuitive platforms for a diverse range of trading and investment opportunities, tailored to your needs. It is one of the best possibilities for investors, with low prices and a wide range of investment prospects. However, the absence of comprehensive customer support, as well as the number of consumer complaints, are cause for concern. In light of all the features and user experience, Maheshwari Financial Services can be considered a good stock broker, but you must carefully evaluate the pros and cons before choosing it.