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Background

Year of Incorporation 2011
Website http://www.wealthrays.com/
Phone 080-49203300
Exchanges enabled NSE & BSE
Demat (NSDL/CDSL) NSDL/CDSL through DP of Madras Stock Exchange
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.

Profit after Tax FY11/12 NA
Profit after Tax FY12/13 Rs 3.1 Lakhs
Profit after Tax FY13/14 - Rs 1.07 Lakhs
Profit after Tax FY 14/15 NA
Debt FY11/12 NIL
Debt FY12/13 Rs 7.7 Lakhs
Debt FY13/14 Rs 6.2 Lakhs
Debt FY14/15 NA
Profit to Equity(%) FY11/12 NA
Profit to Equity(%) FY12/13 4.8
Profit to Equity(%) FY13/14 (2.48)
Profit to Equity(%) FY14/15 NA
Balance Sheet Size FY11/12 NA
Balance Sheet Size FY12/13 Rs 2.18 Crores
Balance Sheet Size FY13/14 Rs1.45 Crores
Balance Sheet Size FY14/15 NA
Brokerage

Equity Rs 14 per executed order or 0.01%/0.1% whichever is lower -
Equity Futures Rs 14 per executed order or 0.01% whichever is lower -
Equity Options Rs 14 per executed order or 0.01% whichever is lower -
Currency Futures Rs 14 per executed order or 0.01% whichever is lower -
Currency Options Rs 14 per executed order or 0.01% whichever is lower -
Commodity NA
Account Opening Costs

Trading only Rs 333
Trading & Demat Rs 777
Commodity NA
Transparency & other costs

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

Equity 0.00575% for intraday - 0.00825% for delivery
Futures 0.0045% of turnover
Options 0.1% of premium turnover
Commodities NA
AMC charge Rs 400/year
DP Transaction Charge 0.05% of debit transaction (minimum: Rs 35)
Offline order placing Charge Rs 18 per order
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday 5 days
End of Day 3 years
Coding/Backtesting
Reporting

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity Upto 8 times for intraday and 0 for delivery
Equity Futures Upto 2 times intraday leverage
Equity Options For Buying No leverage, For Shorting upto 2 times for Intraday
Currency Futures Upto 2 times intraday leverage
Currency Options For Buying No leverage, For Shorting upto 2 times for Intraday
Commodity NA
Support & Tools

Research & Tips
Brokerage Calculator
Margin Calculator
Bracket orders & Trailing Stoploss
Training & Education
Convenience

3 in 1 Account
Instant Fund withdrawal
Relationship Managers
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