Way2Wealth 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 Way2Wealth, 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.


Way2Wealth is a Private company headquartered in Bangalore, Karnataka which is founded in 1984 by V.G. Siddhartha. Way2Wealth 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 Way2Wealth work as a Discount Broker because it offers thorough investment advice and complete stock analysis to its clients. Way2Wealth is an NSE and BSE-listed company with over Nil branches in India.

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

Way2Wealth Account opening charges

You need to open a demat account and a trading account, to start trading with Way2Wealth. So, to open a trading account with Way2Wealth, you need to pay a fee of Zero. However, the trading annual maintenance charges of Way2Wealth are free. And Demat annual maintenance charges are Rs.242 per Annum. There are also no fees for margin money or transfers from an offline to an online account. And Way2Wealth is registered with CDSL i.e., Central Depository Services Limited as a Depository Participant (DP).

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

Brokerage fees are an important factor to consider when choosing a stockbroker. Here are Way2Wealth brokerage charges for various segments:

  • Equity delivery: There are no fees for equities delivery trades with Way2Wealth This implies you can invest in equities without paying any brokerage charges.
  • Equity intraday: Way2Wealth charges a brokerage fee of 0.01% – 0.04% per order.
  • Equity futures: The brokerage cost for equity futures is 0.01% – 0.04% as well.
  • Equity options: Way2Wealth charges a brokerage fee of Rs.20 – Rs.70 per Lot for trading equity options.
  • Currency: Unleash your trading potential with Way2Wealth’s dynamic 0.01% – 0.04% charges.
  • Commodity: For commodity options trading, Way2Wealth charges a brokerage fee of 0.01% – 0.04%.

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

  • Minimum brokerage charges: At Way2Wealth, we’ve revolutionized our fee structure by introducing a unique minimum brokerage charge based on a Customizable.
  • Transaction brokerage charges: A transaction brokerage fee of 0.00325% of Total Turnover 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 Way2Wealth.
  • Call and trade charges: If you use call and trade service, the charges of Way2Wealth are NA.
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 allows traders to enhance their market exposure while using a smaller quantity of capital. Way2Wealth offers Upto 2x times leverage on equity delivery, Upto 6x 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 Way2Wealth:

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

Way2Wealth Currency Leverage

Way2Wealth also offers currency trading leverage. Leverage is available for Currency Futures up to Upto 2x times and Currency Options Upto 2x times.

Currency LeverageWay2Wealth
Currency FuturesUpto 2x
Currency OptionsUpto 2x

Way2Wealth Commodity Leverage

Way2Wealth offers Upto 2x leverage for commodity trading.

Equity LeverageWay2Wealth
CommodityUpto 2x

Way2Wealth Offers

Many stockbrokers are enticing customers with appealing deals in order to boost their client base. Here are some of the fantastic deals that Way2Wealth gives to its consumers. They give you a free stock trading account, a free demat account, and various brokerage discounts.

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

  • Discount Broker:Way2Wealth, a reputable online stock broker in India, offers regular investors low-cost brokerage services. It imposes a brokerage fee of Customizable executed, regardless of trade category, size, or exchange. They also offer Upto 6x trading leverage.
  • Range of Investment Products: Way2Wealth 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: Way2Wealth 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: Way2Wealth 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: Way2Wealth provides margin funding services. These can be used to make partial payments on cash segment transactions. Way2Wealth lends the remaining balance at a low interest rate.
  • Mobile Trading App and Trading Platforms: Way2Wealth 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: Way2Wealth offers demat account services through its membership with CDSL. It has been designated as a top depository participant by the CDSL.
  • Low Charges: Way2Wealth is recognised in the brokerage sector for having the lowest fees. Unleash your trading potential with Way2Wealth’s 0.01% – 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: Way2Wealth 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: Way2Wealth offers personally tailored customer service to its consumers. The power investor and ultra trader packs both feature free customer assistance.
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 primary distinction between a full-service broker and a discount broker is the range of services given and the prices charged.Way2Wealth offers research papers with the top recommendations, which are developed by industry specialists. On their website, Way2Wealth also offers annual reports, as well as daily market reviews and weekly reports.

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

To fulfil the various needs of its consumers, the Way2Wealth 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 PlatformsWay2Wealth
Desktop BrowserYes

Way2Wealth Mobile App

Way2Wealth offers mobile trading through the Way2Wealth 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 AppWay2Wealth
Mobile BrowserNo
Android AppYes
iOS AppYes
Windows AppNo
Other Mobile OSNo

Way2Wealth Customer Support

  • Online trading support: Way2Wealth 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: Way2Wealth 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 Way2Wealth5Paisa’s customer support staff via email if they require assistance. Customers can send their queries and issues to the company’s email address.
Customer SupportWay2Wealth
Relationship ManagerYes
Offline TradingYes
Online TradingYes
24 * 7 SupportNo
Email SupportYes
Chat SupportNo
Toll free numberNo
Support Branches180

Way2Wealth Complaints

Brokerage firms can assess the quality and reliability of their services by evaluating how many complaints they receive. There are a total of 128 BSE complaints, of which 128 have been resolved, which amounts to 100.00 % in percentage terms. And, when it comes to NSE complaints, there are 196 of them, with 196 of them resolved, for a percentage of 100.00 %. And the percentage of BSE/NSE complaints resolved is 100.00 %

The table below highlights the complaints acquired 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, Explore Way2Wealth’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, Way2Wealth can be considered a good stock broker, but you must carefully evaluate the pros and cons before choosing it.