Nirmal Bang vs Goodwill Wealth – Compare Charges, Trading Features, Offers & more

Find a Comparison of Nirmal Bang vs Goodwill Wealth here. You can compare their brokerage, demat accounts, trading platforms, offers, products & services, support, complaints & more.

This comparison will help you decide which broker is best for you. So, let us go through a detailed comparison of Nirmal Bang and Goodwill Wealth.

Background

Year of Incorporation 1996 2008
Website https://www.nirmalbang.com/ https://www.gwcindia.in/
Phone 022-3826 8600 044 4032 9999
Exchanges enabled NSE, BSE, MCX-SX, MCX & NCDEX BSE, NSE, MCX
Demat (NSDL/CDSL) NSDL CDSL
Brokerage

Equity 0.02% for Intraday, 0.2% for Delivery 0.33% on Delivery & 0.03% on Intraday
Equity Futures 0.02% of Turnover 0.03% per Executed Order
Equity Options Rs 35/lot Rs 30 per lot
Currency Futures 0.02% of Turnover 0.03% per executed order
Currency Options Rs 20/lot Rs 30 per lot
Commodity 0.01% of Turnover Rs 30 per lot
Account Opening Costs

Trading only NA Rs. 200
Trading & Demat NIL Rs. 200
Commodity NIL Rs. 200
Transparency & other costs

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

Equity 0.0039% of Turnover 0.00325% (NSE) & 0.00375% (BSE)
Futures 0.0024% of Turnover 0.0019% (NSE & BSE)
Options 0.057% of Premium Turnover 0.05% (on premium)
Commodities 0.0025% of Turnover 0.00436% of Turnover
AMC charge Rs 250/month Rs.350 per Year
DP Transaction Charge 0.03% with Rs 25 minimum per debit instruction Rs 30 per Scrip
Offline order placing Charge NIL Nil
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday 5 Days on ODIN 7 Days
End of Day 5 Years on ODIN 5 Years
Coding/Backtesting
Reporting

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity Upto 10 times for Intraday, upto 4 times for Delivery @interest Upto 2x for Delivery & Upto 5x for Intraday
Equity Futures Upto 4 times Intraday Upto 2x
Equity Options Buying no Leverage, Shorting upto 2 times for Intraday Upto 5x
Currency Futures Upto 3 times Intraday Upto 2x
Currency Options Buying no Leverage, Shorting upto 2 times for Intraday Upto 3x
Commodity Upto 3times Intraday Upto 5x
Support & Tools

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

3 in 1 Account
Instant Fund withdrawal
Relationship Managers
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 Rs 7.4 Crores Rs 10.67 Lakhs
Profit after Tax FY12/13 Rs 12.4 Crores Rs 10.71 Lakhs
Profit after Tax FY13/14 Rs 4.2 Crores Rs 13.38 Lakhs
Profit after Tax FY 14/15 Rs 2.37 Crores Rs 15.82 Lakhs
Profit after Tax FY 15/16 Rs 4.99 Crores Rs 22.88 Lakhs
Profit after Tax FY 16/17 Rs 5.73 Crores Rs 30.17 Lakhs
Profit after Tax FY 17/18 Rs 6.00 Crores Rs 32.22 Lakhs
Profit after Tax FY 18/19 Rs 7.69 Crores Rs 39.36 Lakhs
Profit after Tax FY 19/20 Rs 7.70 Crores Rs 38.00 Lakhs
Profit after Tax FY 20/21 Rs 9.18 Crores Rs 45.85 Lakhs
Profit after Tax FY 21/22 Rs 10.87 Crores Rs 50.41 Lakhs
Profit after Tax FY 22/23 Rs 10.53 Crores Rs 53.66 Lakhs
Debt FY11/12 Rs 26.11 Crores Rs 12.27 Lakhs
Debt FY12/13 Rs 24.88 Crores Rs 16.53 Lakhs
Debt FY13/14 Rs 29.63 Crores Rs 16.32 Lakhs
Debt FY14/15 Rs 28.17 Crores Rs 18.71 Lakhs
Debt FY15/16 Rs 23.31 Crores Rs 12.87 Lakhs
Debt FY16/17 Rs 23.31 Crores Rs 19.81 Lakhs
Debt FY17/18 Rs 24.77 Crores Rs 11.07 Lakhs
Debt FY18/19 Rs 31.61 Crores Rs 17.64 Lakhs
Debt FY19/20 Rs 31.61 Crores Rs 19.66 Lakhs
Debt FY20/21 Rs 32.85 Crores Rs 12.46 Lakhs
Debt FY21/22 Rs 35.53 Crores Rs 14.41 Lakhs
Debt FY22/23 Rs 35.53 Crores Rs 16.35 Lakhs
Profit to Equity(%) FY11/12 8.54 11.13%
Profit to Equity(%) FY12/13 7.63 13.28%
Profit to Equity(%) FY13/14 11.44 14.33%
Profit to Equity(%) FY14/15 11.54 14.42%
Profit to Equity(%) FY15/16 11.15 18.15%
Profit to Equity(%) FY16/17 10.77 17.74%
Profit to Equity(%) FY17/18 13.53 17.53%
Profit to Equity(%) FY18/19 13.53 18.68%
Profit to Equity(%) FY19/20 14.08 18.09%
Profit to Equity(%) FY20/21 16.72 19.37%
Profit to Equity(%) FY21/22 19.10 20.81%
Profit to Equity(%) FY22/23 19.10 21.97%
Balance Sheet Size FY11/12 Rs 86.6 Crores Rs 2094.36 Crores
Balance Sheet Size FY12/13 Rs 93.5 Crores Rs 2718.97 Crores
Balance Sheet Size FY13/14 Rs 85.8 Crores Rs 3054.10 Crores
Balance Sheet Size FY14/15 Rs 67.96 Crores Rs 3146.81 Crores
Balance Sheet Size FY15/16 Rs 67.99 Crores Rs 3373.32 Crores
Balance Sheet Size FY16/17 Rs 57.95 Crores Rs 3594.45 Crores
Balance Sheet Size FY17/18 Rs 70.74 Crores Rs 3875.20 Crore
Balance Sheet Size FY18/19 Rs 74.82 Crores Rs 4280.67 Lakh
Balance Sheet Size FY19/20 Rs 72.42 Crores Rs 4503.50 Crores
Balance Sheet Size FY20/21 Rs 91.92 Crores Rs 4314.17 Crores
Balance Sheet Size FY21/22 Rs 91.92 Crores Rs 5287.38 Crores
Balance Sheet Size FY22/23 Rs 92.02 Crores Rs 5821.90 Crores

Comparison Link:

Compare Nirmal Bang Compare Goodwill Wealth
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Nirmal Bang Vs Globe Capital Goodwill Wealth Vs Globe Capital
Nirmal Bang Vs Finvasia Goodwill Wealth Vs Finvasia
Nirmal Bang Vs Coimbatore Capital Goodwill Wealth Vs Coimbatore Capital
Nirmal Bang Vs Cholamandalam Securities Goodwill Wealth Vs Cholamandalam Securities
Nirmal Bang Vs Choice Equity Broking Goodwill Wealth Vs Choice Equity Broking
Nirmal Bang Vs Canara Bank Goodwill Wealth Vs Canara Bank
Nirmal Bang Vs Bonanza Portfolio Goodwill Wealth Vs Bonanza Portfolio
Nirmal Bang Vs Bezel Stock Brokers Goodwill Wealth Vs Bezel Stock Brokers
Nirmal Bang Vs Beeline Broking Goodwill Wealth Vs Beeline Broking
Nirmal Bang Vs Bansal Finstock Goodwill Wealth Vs Bansal Finstock
Nirmal Bang Vs Axis Direct Goodwill Wealth Vs Axis Direct
Nirmal Bang Vs ASE Capital Markets Goodwill Wealth Vs ASE Capital Markets
Nirmal Bang Vs Arihant Capital Goodwill Wealth Vs Arihant Capital
Nirmal Bang Vs Alice Blue Goodwill Wealth Vs Alice Blue
Nirmal Bang Vs 5Paisa Goodwill Wealth Vs 5Paisa
Nirmal Bang Vs M.stock Goodwill Wealth Vs M.stock
Nirmal Bang Vs WisdomCapital Goodwill Wealth Vs WisdomCapital
Nirmal Bang Vs Way2wealth Goodwill Wealth Vs Way2wealth
Nirmal Bang Vs Ventura Securities Goodwill Wealth Vs Ventura Securities
Nirmal Bang Vs Navia Markets Ltd Goodwill Wealth Vs Navia Markets Ltd
Nirmal Bang Vs Tradejini Goodwill Wealth Vs Tradejini
Nirmal Bang Vs Tata Securities Goodwill Wealth Vs Tata Securities
Nirmal Bang Vs Swastika Investmart Goodwill Wealth Vs Swastika Investmart
Nirmal Bang Vs SMC Global Goodwill Wealth Vs SMC Global
Nirmal Bang Vs SBICAP Securities Goodwill Wealth Vs SBICAP Securities
Nirmal Bang Vs SASOnline Goodwill Wealth Vs SASOnline
Nirmal Bang Vs Samco securities Goodwill Wealth Vs Samco securities
Nirmal Bang Vs RK Global Goodwill Wealth Vs RK Global
Nirmal Bang Vs Reliance Securities Goodwill Wealth Vs Reliance Securities
Nirmal Bang Vs Master Trust Capital Goodwill Wealth Vs Master Trust Capital
Nirmal Bang Vs Kotak Securities Goodwill Wealth Vs Kotak Securities
Nirmal Bang Vs Interactive Brokers Goodwill Wealth Vs Interactive Brokers
Nirmal Bang Vs IIFL Securities Goodwill Wealth Vs IIFL Securities
Nirmal Bang Vs Dhani Goodwill Wealth Vs Dhani
Nirmal Bang Vs IDBI Capital Goodwill Wealth Vs IDBI Capital
Nirmal Bang Vs HDFC Securities Goodwill Wealth Vs HDFC Securities
Nirmal Bang Vs Geojit Goodwill Wealth Vs Geojit
Nirmal Bang Vs Fyers Securities Goodwill Wealth Vs Fyers Securities
Nirmal Bang Vs Edelweiss Capital Goodwill Wealth Vs Edelweiss Capital
Nirmal Bang Vs Easytradez Goodwill Wealth Vs Easytradez
Nirmal Bang Vs Rupeezy Goodwill Wealth Vs Rupeezy
Nirmal Bang Vs Anand Rathi Goodwill Wealth Vs Anand Rathi
Nirmal Bang Vs Aditya Birla Money Goodwill Wealth Vs Aditya Birla Money
Nirmal Bang Vs Achiievers Goodwill Wealth Vs Achiievers
Nirmal Bang Vs A C Choksi Goodwill Wealth Vs A C Choksi
Nirmal Bang Vs Angel Broking Goodwill Wealth Vs Angel Broking
Nirmal Bang Vs Motilal Oswal Goodwill Wealth Vs Motilal Oswal
Nirmal Bang Vs ICICI Direct Goodwill Wealth Vs ICICI Direct
Nirmal Bang Vs Sharekhan Goodwill Wealth Vs Sharekhan
Nirmal Bang Vs Groww Goodwill Wealth Vs Groww
Nirmal Bang Vs Tradesmart Online Goodwill Wealth Vs Tradesmart Online
Nirmal Bang Vs Upstox Goodwill Wealth Vs Upstox
Nirmal Bang Vs Zerodha Goodwill Wealth Vs Zerodha

Frequently Asked Questions

Is Nirmal Bang better than Goodwill Wealth ?

Nirmal Bang and Goodwill Wealth are both discount broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

Is Goodwill Wealth better than Nirmal Bang ?

Nirmal Bang and Goodwill Wealth are both discount broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

Is Nirmal Bang cheaper than Goodwill Wealth ?

Nirmal Bang and Goodwill Wealth are both discount broker companies. Since these are discount brokers, the brokerage fees are generally on the lower side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

Is Goodwill Wealth cheaper than Nirmal Bang ?

Nirmal Bang and Goodwill Wealth are both discount broker companies. Since these are discount brokers, the brokerage fees are generally on the lower side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

Which is better Nirmal Bang vs. Goodwill Wealth ?

To find out the better of the two stockbrokers Nirmal Bang and Goodwill Wealth, compare them based on brokerage charges, trading platforms, Demat account opening fees, research, advisory services, etc.