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

Find a Comparison of Goodwill Wealth vs Lemonn 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 Goodwill Wealth and Lemonn.

Background

Year of Incorporation 2008 2020
Website https://www.gwcindia.in/ https://lemonn.co.in/
Phone 044 4032 9999 +918035769929
Exchanges enabled BSE, NSE, MCX BSE, NSE
Demat (NSDL/CDSL) CDSL CDSL
Brokerage

Equity 0.33% on Delivery & 0.03% on Intraday Free for 1 Month afterwards 0.5% on Intraday
Equity Futures 0.03% per Executed Order Zero
Equity Options Rs 30 per lot Zero
Currency Futures 0.03% per executed order Zero
Currency Options Rs 30 per lot Zero
Commodity Rs 30 per lot Zero
Account Opening Costs

Trading only Rs. 200 Free
Trading & Demat Rs. 200 Free
Commodity Rs. 200 Free
Transparency & other costs

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

Equity 0.00325% (NSE) & 0.00375% (BSE) Zero
Futures 0.0019% (NSE & BSE) Zero
Options 0.05% (on premium) Zero
Commodities 0.00436% of Turnover Zero
AMC charge Rs.350 per Year Zero
DP Transaction Charge Rs 30 per Scrip Rs 10 per transaction
Offline order placing Charge Nil 0
Platforms

Software
Web/HTML 5
Mobile
Charting

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

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity Upto 2x for Delivery & Upto 5x for Intraday 1x on Delivery & upto 2x on Intraday
Equity Futures Upto 2x 2x for intraday
Equity Options Upto 5x Upto 2x for Intraday
Currency Futures Upto 2x 2x for intraday
Currency Options Upto 3x 1x
Commodity Upto 5x 1x
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 10.67 Lakhs Not Available
Profit after Tax FY12/13 Rs 10.71 Lakhs Not Available
Profit after Tax FY13/14 Rs 13.38 Lakhs Not Available
Profit after Tax FY 14/15 Rs 15.82 Lakhs Not Available
Profit after Tax FY 15/16 Rs 22.88 Lakhs Not Available
Profit after Tax FY 16/17 Rs 30.17 Lakhs Not Available
Profit after Tax FY 17/18 Rs 32.22 Lakhs Not Available
Profit after Tax FY 18/19 Rs 39.36 Lakhs Not Available
Profit after Tax FY 19/20 Rs 38.00 Lakhs Rs 38 Lakhs
Profit after Tax FY 20/21 Rs 45.85 Lakhs Rs 55 Lakhs
Profit after Tax FY 21/22 Rs 50.41 Lakhs Rs 70 Lakhs
Profit after Tax FY 22/23 Rs 53.66 Lakhs Rs 93 Lakhs
Debt FY11/12 Rs 12.27 Lakhs Not Available
Debt FY12/13 Rs 16.53 Lakhs Not Available
Debt FY13/14 Rs 16.32 Lakhs Not Available
Debt FY14/15 Rs 18.71 Lakhs Not Available
Debt FY15/16 Rs 12.87 Lakhs Not Available
Debt FY16/17 Rs 19.81 Lakhs Not Available
Debt FY17/18 Rs 11.07 Lakhs Not Available
Debt FY18/19 Rs 17.64 Lakhs Not Available
Debt FY19/20 Rs 19.66 Lakhs Rs 28.64 Lakhs
Debt FY20/21 Rs 12.46 Lakhs Rs 31.35 Lakhs
Debt FY21/22 Rs 14.41 Lakhs Rs 33.41 Lakhs
Debt FY22/23 Rs 16.35 Lakhs Rs 36.58 Lakhs
Profit to Equity(%) FY11/12 11.13% Not Available
Profit to Equity(%) FY12/13 13.28% Not Available
Profit to Equity(%) FY13/14 14.33% Not Available
Profit to Equity(%) FY14/15 14.42% Not Available
Profit to Equity(%) FY15/16 18.15% Not Available
Profit to Equity(%) FY16/17 17.74% Not Available
Profit to Equity(%) FY17/18 17.53% Not Available
Profit to Equity(%) FY18/19 18.68% Not Available
Profit to Equity(%) FY19/20 18.09% 18.09%
Profit to Equity(%) FY20/21 19.37% 16.34%
Profit to Equity(%) FY21/22 20.81% 20.34%
Profit to Equity(%) FY22/23 21.97% 18.14%
Balance Sheet Size FY11/12 Rs 2094.36 Crores Not Available
Balance Sheet Size FY12/13 Rs 2718.97 Crores Not Available
Balance Sheet Size FY13/14 Rs 3054.10 Crores Not Available
Balance Sheet Size FY14/15 Rs 3146.81 Crores Not Available
Balance Sheet Size FY15/16 Rs 3373.32 Crores Not Available
Balance Sheet Size FY16/17 Rs 3594.45 Crores Not Available
Balance Sheet Size FY17/18 Rs 3875.20 Crore Not Available
Balance Sheet Size FY18/19 Rs 4280.67 Lakh Not Available
Balance Sheet Size FY19/20 Rs 4503.50 Crores Rs 45 Crores
Balance Sheet Size FY20/21 Rs 4314.17 Crores Rs 57.34 Crores
Balance Sheet Size FY21/22 Rs 5287.38 Crores Rs 63.11 Crores
Balance Sheet Size FY22/23 Rs 5821.90 Crores Rs 77.28 Crores

Comparison Link:

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Frequently Asked Questions

Is Goodwill Wealth better than Lemonn ?

Goodwill Wealth and Lemonn 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 Lemonn better than Goodwill Wealth ?

Goodwill Wealth and Lemonn 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 cheaper than Lemonn ?

Goodwill Wealth and Lemonn 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 Lemonn cheaper than Goodwill Wealth ?

Goodwill Wealth and Lemonn 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 Goodwill Wealth vs. Lemonn ?

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