EZ Wealth

EZ Wealth is a discount stockbroking company based out of New Delhi and is basically a discount trading arm of Wealth Discovery Securities Pvt Limited. The latter is a full-service stockbroker and has been around the trading space in India for a while now.

EZ Wealth Review

With this discount broking initiative, the brand is trying to enter into a competitive space and leverage their advisory services.

EZ Wealth has memberships with BSE, NSE, MCX and NCDEX  and you can trade and invest in multiple segments including:

• Equity
• Derivative Trading
• Currency Trading
• Commodity Trading
• Mutual Funds

Even though EZ Wealth is a discount stock broker, it provides tips, research reports and recommendations to its clients. To go along with that, you can open your trading account online without going through the process of dispatching any forms or documents to the broker.

 

 

 

 

 

 

 

 

Rajeev Agarwal, Founder & CEO – EZ Wealth

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EZ Wealth Trading Platforms

Moving ahead, let’s talk about technology now. What has been observed in the recent past is that new brokers in the Industry are focusing very closely on their trading platforms, keeping technology as their primary ally.

There are multiple aspects involved when it comes to trading softwares including:

• Performance or Speed
• Charting Techniques
• Research availability
• User experience
• Bulkiness
• Usability and navigation flow
• Personalization level

When it comes to EZ Wealth, let’s talk about the different offerings the broker has in place for its clients:

EZ Desk

EZ Desk is a terminal based trading solution that needs to be downloaded and installed on your computer or laptop. You cannot access this software on your mobile or tablet device. Furthermore, you also need to make sure that the required configuration must be maintained at any given point in time.

Some of the features of this application include:

• Real-time charting
• In-built option strategies with option calculators and various technical indicators
• Customization of features and hot-key levels
• Historical and intraday charts available that can be customized at preferred frequency levels such as 7-day intraday charts, tick-by-tick, 1 min,5 min, 15 min, 30 min, 60 min, daily, weekly, monthly, quarterly, half yearly and yearly charts
• AMO (After Market Orders) allowed using online fund transfer set-up

You can integrate Ami-Broker through a plugin for semi-automated trading. It requires you to pay additional charges though, as listed below:

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EZ Web

EZ Web is a web-based browser trading application that can be accessed from any browser including Internet Explorer, Mozilla Firefox, Google Chrome, Safari and so on.

Although, EZ Web is relatively a new application and there is a lot that can be added to it so that it can cater to intermediate to expert level traders. Nonetheless, here are some of the features:

• Real-time stock market quotes with reports and recommendations
• You can create market watch list as per your preferences of investment class, industry or product type
• Secure payment transfers
• Notifications provided via email and SMS alerts

This is how this web application looks like:

EZ Mobi

If you are somebody who gets limited time in front of a desktop or a laptop machine, then you can always access the mobile application offered by the broker. Apart from the obvious buy/sell trading, the mobile app provides you with the following features:

• Shows you real-time positions on different holdings
• Works just fine even at lower internet connection bandwidths
• Charting, market quotes for technical analysis
• Order customization allowed with price alerts and push notifications

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EZ Wealth Customer Service

EZ Wealth provides you with the following channels of communication as part of their customer support:

• Email
• Toll-free Number
• Phone
• Offline Offices
  • Ludhiana
  • Mandi
  • Kaithal
  • Delhi
  • Mainpuri
• Web ticketing system

Although the quantity of communication channels is not bad, especially since it is a discount stock broker. But the quality in terms of skill-set of the support executives is one area that can be worked upon. One major feedback has been towards the level of understanding these executives carry about different services offered by EZ Broker.

At the same time, to the credit of EZ Wealth, it is still new and certainly in time, we can expect the service level to improve.

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EZ Wealth Pricing

Let’s talk about money now!

Now, we will talk about different types of costs involved right from the point of account opening till when you are actually trading in the stock market using the services of EZ Wealth.

EZ Wealth Account Opening Charges

To start with, let’s talk about the account opening and maintenance charges involved when you go ahead with the EZ Wealth account:

 

At ₹1100, EZ Wealth opens trading and demat account for you with lifetime AMC free for both types of accounts.

The broker allows you to open your account within few minutes if you have KYC Aadhar card while it may take a few days if you go through the conventional way of dispatching the forms and documents to the broker.

EZ Wealth Brokerage

Brokerage is something that needs to be paid on a consistent basis as long as you are trading in the stock market using the services of a broker.

In the case of EZ Wealth, there are multiple plans offered and depending on your preferences, you can make a choice accordingly.

You can also use the EZ Wealth Brokerage Calculator for a complete 360-degree view of the charges involved along with your final take away profit from trades.

EZ Flat

This is a fixed pricing plan where you pay a flat rate across different segments, as shown below:

 

This plan is suitable for traders who place less number of trades on the stock market or generally deal in high-value ticket size. You don’t have to worry about your trade’s monetary value since the brokerage is going to be a flat rate irrespective of that.

EZ Assist

This plan is percentage based and directly depends on your trade value. Higher is your trade value, higher is the brokerage that you will be required to pay to EZ Wealth.

 

The plan is suitable for traders who trade in low capital values and are looking for free call and trade service. You also get a dedicated relationship manager if you opt for this plan.

EZ Family

EZ Family is suitable for heavy traders who trade across segments with high and low trade value with pretty high trading frequency. You need to pay a one time charge and there will not be any brokerage levied on your trades irrespective of the number and turnover of the trades you place.

 

As part of this plan, you also get the following provisions:

• Portfolio advisory services
• No limit on the number of orders, trades or quantities or exchange.
• Free mutual fund investments
• Portfolio advisory
• Financial Planning & Tax Advisory

EZ Wealth Transaction Charges

Apart from the brokerage and account opening costs, there are other payments that you need to incur as part of your trading. These charges include:

• STT
• Transaction charges
• GST
• Turnover charges
• Stamp duty

Although, these payments do not go into the pockets of the broker and actually land up with the state and central government along with the regulatory bodies.

Here are the transaction charges levied by EZ Wealth:

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EZ Wealth Margin

Exposure or leverage is something that you must only use when you understand the implications and risks associated with the concept. Yes, it can skyrocket your profits when it works well for you, but at the same time, dump you into big debts and eat up your principal amount when it does not.

In the case of EZ wealth, there is not much that you get in terms of exposure anyway. Here are the details:

 

Although, not much of exposure is offered to clients at a default level, however, there are few leverage products that EZ Wealth offers to its clients who are looking for higher exposure rates.

Here are the details:

EZ Wealth Plus

Clients can avail 4 times Equity Delivery leverage in the NSE and BSE cash market segments. This plan is availed to users that fall under the EZ Flat and EZ Assist brokerage plans.

There is an additional charge of ₹1000 for availing this service.

EZ Wealth Pledge

Wealth Pledge of shares provides trading limits against stocks for intraday and positional trading in the Equity Derivatives and Currency Derivatives Segments.

There is an additional charge of ₹1000 for availing this service.

EZ Wealth Enhance

Under this plan, users get an extra leverage of up to 25 times within Intra-day trading. Furthermore, you can get 2 times exposure in Intraday Options, 4 times in Commodity segment, 7 times on Index futures along.

There is an additional charge of ₹1500 for availing this service.

EZ Wealth Disadvantages

Here are some negatives of opening your trading account with EZ Wealth:

• Low exposure or leverage across segments
• Customer service can be improved
• Account opening cost can be deemed expensive by beginner level traders

EZ Wealth Advantages

At the same time, here are some merits of this broker:

• Different brokerage plans offered as per user preferences
• Few branches provided for some quick offline assistance, even though EZ Wealth is a discount stockbroker.
• Semi-automated algo-trading provided through Ami-Broker trading plugin
• Low brokerage
• Online account opening facility available
• Fund transfers with 26 Indian banks allowed at a flat rate of ₹10 per transfer

 

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Enter Your details here to get a callback.

 

Next Steps:

Post this call You need to provide few documents to start your account opening process. The documents required are as follows:

1. ID Proof
2. An address proof
3. Bank statement for the last 6 months
4. Passport-sized photograph
5. Trading Account cheque

Once you are done with this, your account gets opened within 2-3 business days.

For more information, you can check this detailed review of documents required for demat account.

EZ Wealth Membership Information:

Here are the details on the different membership details of this discount stockbroker:

 

More on EZ Wealth:

If you wish to know more about this stockbroker, here are a few references: