Compare Way2wealth
Way2wealth
A C Choksi
A C Choksi

Background

Year of Incorporation 1984 1984
Website http://www.way2wealth.com http://www.acchoksi.com
Phone 1800 425 3690 022-61595100
Exchanges enabled NSE, BSE, MCX-SX, MCX, & NCDEX NSE, BSE, MCX
Demat (NSDL/CDSL) NSDL, CDSL CDSL
Background Rating


Financial Health

Equity & Commodity Consolidated

Look for Brokerages with higher profit, low debt, higher Profit to Equity Ratio   which will indicate the profitability based on capital deployed, and atleast Rs 50 crores Balance sheet size. If a broker is in financial trouble, it will first start showing up on his balance sheet, watch out for the brokerages with and

Profit after Tax FY11/12 Rs 4.2 Lakhs - Rs 51.4 Lakhs
Profit after Tax FY12/13 Rs 0.87 Lakhs - Rs 24.5 Lakhs
Profit after Tax FY13/14 Rs 13.5 Lakhs Rs 56.7 Lakhs
Profit after Tax FY 14/15 Rs 2.2 Crores - Rs 1.15 Crores
Profit after Tax FY 15/16 Rs 20 Lakhs - Rs 52.1 Lakhs
Profit after Tax FY 16/17 19.5 Lakhs
Profit after Tax FY17/18   1.05 Crores
Debt FY11/12 Rs 10.4 Crores Rs 3.04 Crores  
Debt FY12/13 Rs 17.2 Crores Rs 2.04 Crores  
Debt FY13/14 Rs 10.8 Crores Rs 1.7 Crores
Debt FY14/15 Rs. 49.7 Crores Rs 2.4 Crores
Debt FY15/16 Rs 56.9 Lakhs 0
Debt FY 16/17 0
Debt FY 17/18   0
Profit to Equity(%) FY11/12 0.25 (4.88)
Profit to Equity(%) FY12/13 0.01 (2.36)
Profit to Equity(%) FY13/14 0.20 4.8
Profit to Equity(%) FY14/15 3 (10)
Profit to Equity(%) FY15/16 0.25 (5.02)
Profit to Equity(%) FY16/17 2
Profit to Equity(%) FY17/18   10
Balance Sheet Size FY11/12 Rs 159 Crores Rs 22.7 Crores
Balance Sheet Size FY12/13 Rs 148 Crores Rs 19.7 Crores
Balance Sheet Size FY13/14 Rs 170 Crores Rs 19.06 Crores
Balance Sheet Size FY14/15 Rs 198 Crores Rs 17.5 Crores
Balance Sheet Size FY15/16 Rs 198 Crores Rs. 13.6 Crores
Balance Sheet Size FY16/17 Rs. 14.9 Crores
Balance Sheet Size FY17/18   Rs. 20.4 Crores
Financial Health Rating


Online Presence
Online Presence

Google trend over time



Active clients

Active clients data source: NSE, as on end of every calendar year in December. Active client is one who has traded atleast once a year. Brokers whose active clients are trending up, would mean happy clients and hence better to trade with.

Active clients - 2013 17,266 NA
Active clients - 2014 17,492 NA
Active clients - 2015 15,795 NA
Active clients - 2016 21,994 NA
Active clients - 2017 28,201 NA
Active clients - 2018   NA
Active clients Rating


Brokerage

Equity 0.04% for Intraday, 0.4% for Delivery - Negotiable 0.03% for Intraday & 0.3% for Delivery - Negotiable
Equity Futures 0.04% of Turnover - Negotiable 0.03% of Turnover - Negotiable
Equity Options Rs 50/lot - Negotiable Rs 50/lot - Negotiable
Currency Futures 0.04% of Turnover - Negotiable 0.03% of Turnover - Negotiable
Currency Options Rs 50/lot - Negotiable Rs 50/lot - Negotiable
Commodity 0.04% of Turnover - Negotiable 0.03% of Turnover - Negotiable
Brokerage Rating


Account Opening Costs

Trading only NA NA
Trading & Demat Rs 350 Rs 330
Commodity Rs 100 Nil
Account Opening Costs Rating


Transparency & other costs

Double check on if you are paying much higher other/turnover costs, make sure to compare

Equity 0.0038% of Turnover 0.00325% of Turnover
Futures 0.0034% of Turnover Unavailable
Options 0.056% of Premium Turnover Unavailable
Commodities 0.0035% of Turnover Unavailable
AMC charge Rs 330 Rs 350/yr
DP Transaction Charge Rs 18/debit instruction Unavailable
Offline order placing Charge Nil Nil
Transparency & other costs Rating


Platforms

Software
Web/HTML 5
Mobile
Platforms Rating


Charting

Intraday 22 days on NEST 22 days on NEST * Rent Rs 250/segment/month  
End of Day 10 years on NEST 10 years on NEST
Coding/Backtesting
Charting Rating


Reporting

Online Trade Reports  
Online PNL Reports  
Online Contract Notes  
Reporting Rating


Margins

Leverage Provided

Equity Upto 6 times for Intraday, 0 for Delivery Intraday upto 5 Times, & Delivery 2 times
Equity Futures Upto 2 times for Intraday Intraday upto 2 times
Equity Options No Leverage No leverage
Currency Futures Upto 2 times for Intraday Intraday upto 2 times
Currency Options No Leverage No leverage
Commodity Upto 3 times for Intraday Intraday upto 2 times
Margins Rating


Support & Tools

Research & Tips
Brokerage Calculator
Margin Calculator
Bracket orders & Trailing Stoploss
Training & Education
Support & Tools Rating


Convenience

3 in 1 Account
Instant Fund withdrawal
Relationship Managers
Convenience Rating

Our Review