Achiievers Equities ltd Review
Achiievers equities ltd is an online discount broker incorporated in the year 2012. It is a Kolkata based brokerage firm; the main motive of the broker is to offers world-class services to its clients.
Moreover, they try to provide all the services at expert level researches and advisory activities to compete with most of the big full-service brokers. achiever Review 2019 comes loaded with multiple crazy brokerage plans which make the broker the cheapest discount broker in the race.
Earlier the broker was known as Lokenath Enterprises but later transformed its operations as a discount broker.
Mr. Suman Chakraborty is the Founder, Managing Director and the CEO of Achiievers Equities Limited. Besides him there are two other members at leading roles,
Firstly Sumana Roy as Co-Founder and Executive Director and Secondly Debasis Bose as the Non –Executive Director.
The broker is well known for its customer service facility, which additionally offers education to its clients, including trading tips to improve the financial goals and objectives.
Some of the powerful tools this stockbroker provides to its users for free the device named “POWER OF EDUCATION” which adds multiple benefits in the trading domain.
This is not limited to this discount broker keep offering unique, exciting features including a 3 in 1 account to their clients, thus makes the fund transfer super fast and convenient.
The broker holds the active membership with BSE, MCX, NSE, MCX-SX, NSEL, and it is registered as a depository participant with CDSL.
We had mentioned all the financial and trading segments the broker offers are:
Achiievers EquitiesLtd Trading Platforms and Software
Being an online discount broker Achiievers Equities, limited offer NSE Supported NOW based trading platforms as their primary trading tools. Here are the details mentioned below:
Achiievers Equities NOW Online
Now Online is a web browser-based trading platform offers to the clients. By using this platform, the user can directly login from any browser using their Smartphone, laptop or desktop without any installation.
Downloading and installation sometimes create hassles, so to eliminate this NOW Online is the best option to trade with.
Here are some of the features of NOW Online are:
- To track and analyze the market, all you need to use the technical indicators.
- You can set customize alerts via email or notifications when there is any price change or volume change in the market.
- It allows the user to trade various trading assets from different stock exchanges.
- The trading interface and the efficiency of the platform are very well optimized and help the users to capture great trades at great pricing.
Achiievers Equities NOW Trader
NOW Trader is an installable trading terminal developed by NSE and licensed given to Achiievers Equities for offers trade benefits to its customers. The application is straightforward to download and install on your laptop or desktop without any hassles.
Here are some of the essential features of NOW Trader:
- You will be getting real-time updates on every trading segment.
- It avails the user to trade with customizable market watch lists.
- It gives email alerts as well as manages the market reports and guides you with the best trading deals and opportunities.
- Even using this terminal, the user can purchase mutual funds.
- There are multiple options of technical charts with a variety of indicators; it helps the user to monitor all the details mentioned in the tables in the live market and improves the prediction ability of yours.
Achiievers Equities NOW Mobile Trading
NOW Mobile trading is an advanced mobile-based trading platform that offers various trading stuff, including monitoring and trading facilities.
Here are some of the best features of NOW Mobile trading:
- It offers real-time quotes streaming.
- Market dept analysis.
- All assets trading, including Commodities, derivatives, Currencies, and Equities.
- Portfolio management
- Holding tracking
- Group creation for the market watch list.
- Margin money utilization and fund transfer.
Achiievers EquitiesLtd Customer Care, Support and Office Addresses
The broker offers a variety of channels of communication to its customers via the following ways:
- Over Phone
- Via toll-free Numbers
- Via Email Addresses
- Visiting Offline Branches
Well, the broker offers various modes of communication but still, it needs multiple improvements. The broker must learn to provide prompt services to its customers by resolving the issues. So, we suggest you keep the least expectations from its customer care support.
|Registered Office||32/A Diamond Harbour Road,Sakher Bazar,Kolkata – 700008Phone No.: +91 33 66063000.Fax No.: +91 33 6606 3041Toll-Free Number.: 18604203333|
|Corporate Office||6th Floor,ICC House,4 India Exchange Place,Dalhousie,Kolkata – 700001Phone No.: 033 66067900|
|Centralized Customer care Service Helpdesk No.||033 66063000|
|Email Address||[email protected]|
|Complaints Or Grievances||[email protected]|
Achiievers Equities ltd Prices and Charges
Achiievers Equities Account Opening Charges
The account opening charges of the broker are quite low when compared with other brokers. However, they do have some AMC charges.
Here are the detailed charges mentioned below in the table.
|Opening charges for DEMAT Account||Rs. 0|
|Opening Charges for Trading Account||Rs. 750|
|Opening Charges for Commodity Account||Rs. 300|
|Annual Maintenance Charges (AMC) for DEMAT Account||Rs. 0|
|Annual Maintenance Charges (AMC) for Trading Account||Rs. 400|
Opening a Trading and DEMAT Account is quite simple with Achiievers Equities as it charges Rs. 750 for a trading account and offers a free DEMAT Account.
If you are interested in opening a Commodity Account just spend Rs. 300. Lastly, they do have some AMC for the Trading account that is Rs. 400 and there is no AMC for DEMAT Account.
Achiievers Equities Brokerage Charges and Plans
In the below-mentioned tables, we had managed to provide you will all brokerage related information via Achiievers Equities.
1. Mega Value Brokerage Plan
|Plan Type||Brokerage Charges|
|Mega Value Plan||Rs. 750 per month|
2. Daily Basis Brokerage Plan
|Segment||Equity Segment (NSE/BSE CASH, Margin Trading, FNO)||Currency (NSE Currency)||Commodity (MCX)|
|Subscription Charge (One Time)||Rs. 750||Rs. 750||Rs. 750|
|Per Day Brokerage||Rs. 50||Rs. 50||Rs. 50|
|Applicable Service Tax Charges||Rs. 57||Rs. 57||Rs. 57|
|Total Charge During Account Opening||Rs. 750||Rs. 750||Rs. 750|
3. Per Order Brokerage Plan
|Plan Type||Brokerage charge|
|Per Order Plan||Each executed order will be charged Rs. 15/ trade. It is applicable in all trading segments|
Achiievers Equities Transaction Charges
To know all the detailed information of Achiievers Equities transaction charges, do check the data mentioned below:
|Equity (CASH and Delivery)||0.00350%|
|Commodities: MCX||Agri: 0.00325%&Non-Agri: 0.00460%|
|Call & Trade||Rs. 15 per order executed|
The transaction charges imposed by achiievers equities stockbroker are: For Equity Options and Equity Futures the charges are 0.07500% and 0.00390% respectively.
However, in the case of Currency futures and Currency Options, the charges are 0.00175% and 0.06500%.
Whereas for Equity (CASH and Delivery) the charge is 0.00350%. Lastly in the case of Commodities: MCX the charges are Agri: 0.00325% & Non-Agri: 0.00460% and for Call and Trade, the charge is Rs. 15 per order executed.
Also Read: Achiievers Brokerage Calculator Online
Achiievers Equities Other Charges
Here are some additional yet mandatory charges mentioned below:
|STT||0.0115% of Total turnover|
|Stamp Duty||Depends on State (very minimal)|
|Transaction Charges||0.00280% of Total Turnover|
|GST||18% of (Brokerage + Transaction Charges)|
|SEBI Turnover Charges||0.0002% of Total Turnover|
These are the charges pre-defined by the government on a percentage basis. The STT Charges are 0.0115%, and the SEBI Charges are 0.0002% on the total turnover.
Each transaction costs you a transaction charge of 0.00280%. Whereas in the case of GST it is the cumulative summation of brokerage and transaction charge and the percentage of GST is 18%.
Lastly, the stamp duty imposed by the broker is also mandatory; however, the charges are minimum based on the state you are trading from.
Using achiievers equities ltd brokerage calculator, the user can calculate all the transaction details, including additional expenses.
Achiievers Equities ltd Margin and Exposure
Here in this below table, we had provided all margins and exposure offered by Achiievers Equities margin to its clients:
|Segments||Margin and Exposure|
|Equity (Cash & Delivery)||Up to 5 times for intraday trading&No leverage on delivery|
|Currency Options||Up to 2 times|
|Commodities: MCX||Up to 4 times|
|Equity Futures||Up to 2 times|
From the table mentioned above, we came to know that the achiievers equities margin is not offering a high margin to its clients when compared with other big players.
The broker only offers up to 5 times leverage on Equity Cash and Delivery, up to 2 times on currency options, up to 4 times margin on Commodities: MCX and lastly offers up to 2 times on Equity Futures.
Achiievers Equities Comparison with its Closest Competitor
Achiievers Equities Comparison With Closet Discount Brokers
|Service Type||Discount Broker||Discount Broker||Discount Broker||Discount Broker|
|Brokerage Range||Rs. 15||Rs. 10||Rs. 20||Rs. 20|
|Account Type||3 in 1||2 in 1||2 in 1||2 in 1|
|Equity Delivery||Flat Fee Rs. 15||Flat Fee Rs 10||Free||Free|
|Equity Intraday||Flat Fee Rs. 15||Flat Fee Rs 10||0.01% or Rs 20 whichever is lower||0.01% or Rs 20 whichever is lower|
|Equity Futures||Flat Fee Rs. 15||Flat Fee Rs 10||0.01% or Rs 20 whichever is lower||0.01% or Rs 20 whichever is lower|
|Equity options||Flat Fee Rs. 15||Flat Fee Rs 10||Flat Fee Rs 20||Flat Fee Rs 20|
|CommodityOption||Flat Fee Rs. 15||Flat Fee Rs 10||Flat Fee Rs 20||Flat Fee Rs 20|
|Currency futures||Flat Fee Rs. 15||Flat Fee Rs 10||0.01% or Rs 20 whichever is lower||0.01% or Rs 20 whichever is lower|
|Currency options||Flat Fee Rs. 15||Flat Fee Rs 10||Flat Fee Rs 20||Flat Fee Rs 20|
|Rating||3.0 out of 5||4.0 out of 5||4.3 out of 5||out of 5|
Achiievers Equities Comparison with Closet Full Service Broker.
|Broker||Achiievers Equities||Sharekhan||Angel broking||Edelweiss|
|Service Type||Discount Broker||Full-Service Broker||Full-Service Broker||Full-Service Broker|
|Brokerage Range||Rs. 15||0.1 to 0.5%||Rs. 15 to Rs.30||Rs. 10 to 0.5%.|
|Account Type||3 in 1||2 in 1||2 in 1||2 in 1|
|Equity Delivery||Flat Fee Rs. 15||0.5% or 50 paisa||Rs. 15 /trade less than Rs. 50k orderRs. 30/trade more than Rs. 50k order||Rs.10 / 0.01% whichever lower|
|Equity Intraday||Flat Fee Rs. 15||0.1% or 10 paisa||Rs. 15 /trade less than Rs. 50k orderRs. 30/trade more than Rs. 50k order||Rs.10 / 0.01% whichever lower|
|Equity Futures||Flat Fee Rs. 15||0.1% or 10 paisa||Flat fee of Rs. 30/ order||Rs.10 / 0.01% whichever lower|
|Equity options||Flat Fee Rs. 15||2.5% of Premium or Rs 250 per lot whichever is high||A flat fee of Rs. 30/ order||Flat Fee of Rs. 10|
|Commodity||Flat Fee Rs. 15||0.1% or 10 paisa||A flat fee of Rs. 30/ order||NA|
|Currency futures||Flat Fee Rs. 15||0.1% or 10 paisa||Flat fee of Rs. 30/ order||Rs.10 / 0.01% whichever lower|
|Currency options||Flat Fee Rs. 15||2.5% of Premium or Rs 250 per lot whichever is high||A flat fee of Rs. 30/ order||Flat Fee of Rs. 10|
|Rating||3.0 out of 5||4.0 out of 5||4.3 out of 5||4.1 out of 5|
Achiievers Equities Complaints received at BSE /NSE
Here we had mentioned the numbers of complaints raised against the broker to the stock exchange for resolution:
|Year||No. of active clients||No. of Complaints||Resolved by Exchange|
|2018 – 2019||1269||2||2|
|2017 – 2018||1599||3||3|
|2016 – 2017||1503||4||4|
|2015 – 2016||1489||2||2|
|2014 – 2015||1156||2||2|
|2013 – 2014||1005||4||4|
Achiievers Equities Franchise and Sub-Broker
Achievers Equity functions with a Sub Broker or Authorized Official platform only. When you enroll as a Sub Broker or Authorized Official, you will be able to gain access to their online trading platform and afterward register clients under your account.
Everything they trade you’ll get a certain amount of brokerage or commission.
Being a Sub Broker or franchise you can provide a variety of services to your clients and guide them to grab the best financial products as an investment.
You can become the one-stop solution for your clients for their all trading and financial needs.
RevenueSharing Model and Sub-Broker Commission
Achiever Review 2019 has a Zero Brokerage scheme, which ensures that your customer will have significant savings on every deal. They also have the same rates for all markets, Securities, F&O, Commodity or Currency.
There are 3 different strategies that enable you to run your trade for yourself as well as for your customers:
- Achiievers Equities Franchise revenue sharing model offers flexible revenue sharing of up to 50% to 80% to its Sub Brokers. Depending on the security deposit and the income generation of the business, the system is elastic.
- The high generation of cash flow leads to a high share of profits for the authorized Sub Broker.
- Maximum security investment also results in a high commission share for sub-brokers.
|Revenue Business Model||Achiievers Equities Commission||Sub Broker Commission|
|Sub Broker Or Business Partner||20% to 70%||30% to 80%|
Security Deposit and Franchise charges
There is no predefined amount of investment is needed in the form of a security deposit or no money asked for guarantee deposit with Achiievers Equities stock trading which makes this broker different from other discount brokers.
They usually analyze the qualifications and make sure they’re offering the organization the best person who has the ability and support to take the business forward.
For bargaining in Profit sharing, Achiievers Equities asks for a mortgage payment around Rs.50, 000 and Rs.100, 000. For Absolutely no real Security Deposit, Consultants get 30 percent of Profit sharing, for 50,000 Consultants get 60 percent & for Rs.100, 000 Consultants get up to 80 percent Profit sharing.
|Business Model||Security Deposit|
|Sub Broker or franchise||Rs. 0 to Rs. 100,000|
Sub Broker Offers
Achiievers Equities offers a variety of advantages to its Sub Brokers while trading. Here are some of the best benefits mentioned below:
- The broker is best known for its vast offering segments and lowest brokerage charges in the industry. It proved itself the best in offering completely transparent services in an ethical manner. It is the only reason which helps the broker to retain its valuable customers.
- Offering powerful and robust research reports, the effectiveness of the development team is at the top level to deliver the best reports analyzing the market trends. In addition, the management team guides the trader on where to invest? What to invest in? , how much to invest? And when to invest? You can rely on their recommendation as the base of research is full proof.
- Trading with Achiievers Equities stock trading is a smooth hassle-free experience to its clients as the brokers offer all types of trading options including desktop trading, Mobile trading, Online investment, and many other benefits.
- The brokerage calculator offered by the broker effectively helps to monitor the exact brokerage charge of each and every trade on a real-time basis before placing the order.
- For a profitable trade, we must need a user-friendly trading platform. Achiievers Equities Ltd is linked with all major stock exchanges of the country and avails access to its customers to place orders from them.
- Trading without proper customer support is worthless, so considering the issue the broker recently introduced a dedicated backend support team for its valuable users. You can reach them via Email, online chat, over the phone or via Social Media Messaging.
Steps to become a Sub-broker
- If you are a trader and trading from the past few years and will to grow more in the field of trading, then Achiievers Equities offers one of the best options to you.
Be the partner of the broker growing big and generated more revenue by helping other new traders. In simple orders be the Sub broker and influence, other traders, to join and trade with Achiievers Equities.
- In order to be a Sub-broker of Achiievers Equities Ltd, you need to enroll first and open up a Trading and Demat Account with a suitable trading plan.
- On request you will be availed with a franchise application form for enrolling for a franchise or Sub broker then only you will be connected to their Achiievers Securities ltd Brokership Department.
- After you submit your credentials, the management team to verify all your submitted documents and will revert you back for official interaction.
- After completion of all necessary interaction and verification of all relevant documents
Documents required for Sub-Broker Registration
Here are some common documents you must provide for being the sub-broker with Achiievers Equities:
- Either of the following ID Proof: PAN Card or Adhaar Card or Voter ID or any Govt ID Card or Driving License or Passport.
- An address proof either Passport or Adhaar Card or Voter ID or Driving License or Govt ID Card
- An Age Proof satisfying document may be a Passport or PAN Card.
- Latest Academic Qualification degree copy.
- Few sets of photographs
- Proof of Infrastructure
- A valid registration certificate with the Stock Exchange or SEBI
Also Read: Achiievers Margin Calculator Online
Reasons to become the Partner of Achiievers Equities
Achiievers equities ltd review offers unique collaboration to support its clients to bring out entrepreneurial ability inside them:
- The main advantage of Achiievers Equities Ltd is to offer Zero Brokerage to its traders. The broker also comes with fixed trading brokerage plans to add more comfort and enhance the trading experience. The plan allows the user to trade unlimited trade without worrying about the brokerage charges.
- The broker offers the best in class trading platforms embedded with the latest technology. The tools offered a good user-friendly interface with extensive research reports for fast hassle free trade.
- Above all broker comes with 60 days free look period or you can say 60 days money-back guarantee. If you face any issue with the services or with the products availed, then you can raise a complaint and can opt for a money-back feature.
- The main reason for the company’s success is the value it offers to its customers without any hidden charges.
You’d find a lot of happy customers who use the facilities, and they’ve proven able to preserve their spot on the business up to this point.
Achiievers Equities Merits and Demerits
Achiievers Equities Merits
Some of the benefits the user will enjoy while trading with this broker.
- The broker offers one of the cheapest brokerage rates when compared with other big players.
- It offers the best brokerage plans depending on the segment of trades, allows the user to choose a variety of ideas based on their trading pattern and preferences.
- All trading segments are allowed without any compromise.
- Offering a 3-in-1 account to the users with their Trading Account.
- NRI trading is allowed.
- It is quite surprising that this discount broker offers its own research and advisory services to its clients.
Achiievers Equities Demerits
This broker also comes with few concerns faced by users while trading:
- In this 21st century, trading is 100% dependent on technology, but this broker still doesn’t focus on in-house trading platform development.
- Till date no support for Mac and iOS trading platforms to its clients.
- It charges additional charges for advisory and research services.
- The account opening charges are comparably higher than other brokers
- The AMC offered by the broker is not that affordable for the users.
Achiever Review 2019 is not just a regular financial institution, but it also conducts consulting services both on the monetary and stock elements of equity and commodities markets as well as being a supplier of savings and investment services.
The Achiievers equities Ltd offers to its customers some of the distinctive services that are missing in many other discount brokers. They provide a 3-in-1 account package that is exclusive and convenient to transfer funds.
The broker encourages you to invest in IPOs, mutual funds, shares, NCDs that are an added benefit.
Achiievers Ltd. delivers some of the competitive monthly investment strategies of Rs 750 a month for trade in all stocks, such as currency and services.
Generally, a good broker with reasonably well-balanced services at easy-to-achieve rates.
Q1. What are the documents needed to become a Sub Broker with Achiievers Equities?
Ans. The documents needed to become a Sub Broker with Achiievers Equities are:
Either of the following ID Proof: PAN Card or Adhaar Card or Voter ID or any Govt ID Card or Driving License or Passport.
An address proof either Passport or Adhaar Card or Voter ID or Driving License or Govt ID Card, An Age Proof satisfying document may be a Passport or PAN Card.
Latest Academic Qualification degree copy, few sets of photographs, Proof of Infrastructure and A valid registration certificate with the Stock Exchange or SEBI.
Q2. What are the merits of Achiievers Equities?
Ans. The Advantages of Achiievers Equities are:
The broker offers one of the cheapest brokerage rates when compared with other big players.
It offers the best brokerage plans depending on the segment of trades. If allows the user to choose a variety of plans based on their trading pattern and preferences.
All trading segments are allowed without any compromise, Offering a 3-in-1 account to the users with their Trading Account, NRI trading is allowed and It is quite surprising that this discount broker offers its own research and advisory services to its clients.
Q3. What are the Demerits of Achiievers Equities?
Ans. The Demerits of Achiievers Equities are:
In this 21st century, trading is 100% dependent on technology, but this broker still doesn’t focus on in-house trading platform development and to date any support for Mac and iOS trading platforms to its clients.
It charges additional charges for advisory and research services, the account opening charges are comparably higher than other brokers and The AMC offered by the broker is not that affordable for the users.
Q4. What is the margin offered by Achiievers Equities for Equity options?
Ans. There is no leverage offered by Achiievers Equities for Equity options.
Q5.What is the margin offered by Achiievers Equities for Currency futures?
Ans. There is no leverage offered by Achiievers Equities for Currency Futures.