Patel Wealth Advisors 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 Patel Wealth Advisors, 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.


Patel Wealth Advisors is a Private company headquartered in Rajkot GJ which is founded in 2015 by Kaushal Patel Vasantrai. Patel-Wealth-Advisors 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 Patel Wealth Advisors work as a Discount Broker because it offers thorough investment advice and complete stock analysis to its clients. Patel Wealth Advisors is an NSE and BSE-listed company with over Nil branches in India.

OverviewPatel Wealth Advisors
Broker TypeFull Service Broker
Type of companyPrivate
HeadquarterRajkot GJ
FoundersKaushal Patel Vasantrai
Foundation Year2015
Supported ExchangesNA
Total branchesNil

Patel Wealth Advisors Account opening charges

You need to open a demat account and a trading account, to start trading with Patel Wealth Advisors. So, to open a trading account with Patel Wealth Advisors, you need to pay a fee of Rs.250. However, the trading annual maintenance charges of Patel Wealth Advisors are free. And Demat annual maintenance charges are Rs.250 per Annum. There are also no fees for margin money or transfers from an offline to an online account. And Patel Wealth Advisors is registered with CDSL i.e., Central Depository Services Limited as a Depository Participant (DP).

Account Opening and Demat ChargesPatel Wealth Advisors
Trading Account Opening ChargesRs.250
Demat AMC (Annual Maintenance Charges)Rs.250 per Annum
Trading AMC (Annual Maintenance Charges)Free
Margin MoneyMinimum Rs.1,500
Offline to Online ChargesYes
DepositoryCDSL & NSDL

Patel Wealth Advisors Brokerage Charges

Brokerage fees are an important factor to consider when choosing a stockbroker. Here are Patel Wealth Advisors brokerage charges for various segments:

  • Equity delivery: There are no fees for equities delivery trades with Patel Wealth Advisors This implies you can invest in equities without paying any brokerage charges.
  • Equity intraday: Patel Wealth Advisors charges a brokerage fee of 0.04% per order.
  • Equity futures: The brokerage cost for equity futures is 0.04% as well.
  • Equity options: Patel Wealth Advisors charges a brokerage fee of Rs.35 per order for trading equity options.
  • Currency: Unleash your trading potential with Patel Wealth Advisors’s dynamic 0.04% charges.
  • Commodity: For commodity options trading, Patel Wealth Advisors charges a brokerage fee of 0.04%.

Equity Brokerage Charges

Equity Brokerage ChargesPatel Wealth Advisors
Equity Delivery Brokerage0.35%
Equity Intraday Brokerage0.04%
Equity Futures Brokerage0.04%
Equity Options BrokerageRs.35 per order

Currency Brokerage Charges

Currency Brokerage ChargesPatel Wealth Advisors
Currency Futures Brokerage0.04%
Currency Options BrokerageRs.35 per order

Commodity Brokerage Charges

Commodity Brokerage ChargesPatel Wealth Advisors
Commodity Options Brokerage0.04%

Patel Wealth Advisors Other Charges

  • Minimum brokerage charges: At Patel Wealth Advisors, 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 0.00305% 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 selling value by Patel Wealth Advisors.
  • Call and trade charges: If you use call and trade service, the charges of Patel Wealth Advisors are NA.
Other Brokerage ChargesPatel Wealth Advisors
Minimum Brokerage ChargesPercentage of Transaction
Transaction Brokerage Charges0.00305%
SEBI Turnover Charges0.0002% of Total Turnover
Stamp Duty ChargesAs per the state
GST Charges18% of (Brokerage + Transaction Charges)
STT Charges0.0126% of selling value
Call and Trade ChargesNA

Patel Wealth Advisors Equity Leverage

Leverage allows traders to enhance their market exposure while using a smaller quantity of capital. Patel Wealth Advisors offers Upto 2x times leverage on equity delivery, Upto 5x times leverage on equity intraday, Upto 3x times leverage on equity futures, and Upto 4x times leverage on equity options.

Here is the leverage provided by Patel Wealth Advisors:

Equity LeveragePatel Wealth Advisors
Equity DeliveryUpto 2x
Equity IntradayUpto 5x
Equity FuturesUpto 3x
Equity OptionsUpto 4x

Patel Wealth Advisors Currency Leverage

Patel Wealth Advisors also offers currency trading leverage. Leverage is available for Currency Futures up to Upto 4x times and Currency Options Upto 3x times.

Currency LeveragePatel Wealth Advisors
Currency FuturesUpto 4x
Currency OptionsUpto 3x

Patel Wealth Advisors Commodity Leverage

Patel Wealth Advisors offers Upto 3x leverage for commodity trading.

Equity LeveragePatel Wealth Advisors
CommodityUpto 3x

Patel Wealth Advisors Offers

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

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

Patel Wealth Advisors Features

  • Discount Broker:Patel Wealth Advisors, 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: Patel Wealth Advisors 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: Patel Wealth Advisors 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: Patel Wealth Advisors 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: Patel Wealth Advisors provides margin funding services. These can be used to make partial payments on cash segment transactions. Patel Wealth Advisors lends the remaining balance at a low interest rate.
  • Mobile Trading App and Trading Platforms: Patel Wealth Advisors 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: Patel Wealth Advisors offers demat account services through its membership with CDSL. It has been designated as a top depository participant by the CDSL.
  • Low Charges: Patel Wealth Advisors is recognised in the brokerage sector for having the lowest fees. Unleash your trading potential with Patel Wealth Advisors’s 0.04% 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: Patel Wealth Advisors 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: Patel Wealth Advisors offers personally tailored customer service to its consumers. The power investor and ultra trader packs both feature free customer assistance.
FeaturesPatel Wealth Advisors
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 FundsNo
SIP (Systematic Investment Plan)No
Forex TradingNo

Patel Wealth Advisors Advisory Services

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

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

Patel Wealth Advisors Trading Platforms

To fulfil the various needs of its consumers, the Patel Wealth Advisors 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 PlatformsPatel Wealth Advisors
Desktop BrowserNo

Patel Wealth Advisors Mobile App

Patel Wealth Advisors offers mobile trading through the Patel Wealth Advisors 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 AppPatel Wealth Advisors
Mobile BrowserYes
Android AppYes
iOS AppYes
Windows AppNo
Other Mobile OSNo

Patel Wealth Advisors Customer Support

  • Online trading support: Patel Wealth Advisors 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: Patel Wealth Advisors 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 Patel Wealth Advisors5Paisa’s customer support staff via email if they require assistance. Customers can send their queries and issues to the company’s email address.
Customer SupportPatel Wealth Advisors
Relationship ManagerYes
Offline TradingYes
Online TradingYes
24 * 7 SupportNo
Email SupportYes
Chat SupportNo
Toll free numberNo
Support Branches380

Patel Wealth Advisors 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 1 of them, with 1 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 Patel Wealth Advisors.

BSE ComplaintsPatel Wealth Advisors
BSE Complaints0
BSE Resolved Complaints0
Percentage of resolved BSE complaintsNaN %
NSE Complaints1
NSE Resolved Complaints1
Percentage of resolved NSE complaints100.00 %
BSE/NSE Complaint vs. Resolved PercentageNaN %


In conclusion, Explore Patel Wealth Advisors’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, Patel Wealth Advisors can be considered a good stock broker, but you must carefully evaluate the pros and cons before choosing it.