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

Find a Comparison of Lemonn 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 Lemonn and Goodwill Wealth.

Background

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

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

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

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

Equity Zero 0.00325% (NSE) & 0.00375% (BSE)
Futures Zero 0.0019% (NSE & BSE)
Options Zero 0.05% (on premium)
Commodities Zero 0.00436% of Turnover
AMC charge Zero Rs.350 per Year
DP Transaction Charge Rs 10 per transaction Rs 30 per Scrip
Offline order placing Charge 0 Nil
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 1x on Delivery & upto 2x on Intraday Upto 2x for Delivery & Upto 5x for Intraday
Equity Futures 2x for intraday Upto 2x
Equity Options Upto 2x for Intraday Upto 5x
Currency Futures 2x for intraday Upto 2x
Currency Options 1x Upto 3x
Commodity 1x 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 Not Available Rs 10.67 Lakhs
Profit after Tax FY12/13 Not Available Rs 10.71 Lakhs
Profit after Tax FY13/14 Not Available Rs 13.38 Lakhs
Profit after Tax FY 14/15 Not Available Rs 15.82 Lakhs
Profit after Tax FY 15/16 Not Available Rs 22.88 Lakhs
Profit after Tax FY 16/17 Not Available Rs 30.17 Lakhs
Profit after Tax FY 17/18 Not Available Rs 32.22 Lakhs
Profit after Tax FY 18/19 Not Available Rs 39.36 Lakhs
Profit after Tax FY 19/20 Rs 38 Lakhs Rs 38.00 Lakhs
Profit after Tax FY 20/21 Rs 55 Lakhs Rs 45.85 Lakhs
Profit after Tax FY 21/22 Rs 70 Lakhs Rs 50.41 Lakhs
Profit after Tax FY 22/23 Rs 93 Lakhs Rs 53.66 Lakhs
Debt FY11/12 Not Available Rs 12.27 Lakhs
Debt FY12/13 Not Available Rs 16.53 Lakhs
Debt FY13/14 Not Available Rs 16.32 Lakhs
Debt FY14/15 Not Available Rs 18.71 Lakhs
Debt FY15/16 Not Available Rs 12.87 Lakhs
Debt FY16/17 Not Available Rs 19.81 Lakhs
Debt FY17/18 Not Available Rs 11.07 Lakhs
Debt FY18/19 Not Available Rs 17.64 Lakhs
Debt FY19/20 Rs 28.64 Lakhs Rs 19.66 Lakhs
Debt FY20/21 Rs 31.35 Lakhs Rs 12.46 Lakhs
Debt FY21/22 Rs 33.41 Lakhs Rs 14.41 Lakhs
Debt FY22/23 Rs 36.58 Lakhs Rs 16.35 Lakhs
Profit to Equity(%) FY11/12 Not Available 11.13%
Profit to Equity(%) FY12/13 Not Available 13.28%
Profit to Equity(%) FY13/14 Not Available 14.33%
Profit to Equity(%) FY14/15 Not Available 14.42%
Profit to Equity(%) FY15/16 Not Available 18.15%
Profit to Equity(%) FY16/17 Not Available 17.74%
Profit to Equity(%) FY17/18 Not Available 17.53%
Profit to Equity(%) FY18/19 Not Available 18.68%
Profit to Equity(%) FY19/20 18.09% 18.09%
Profit to Equity(%) FY20/21 16.34% 19.37%
Profit to Equity(%) FY21/22 20.34% 20.81%
Profit to Equity(%) FY22/23 18.14% 21.97%
Balance Sheet Size FY11/12 Not Available Rs 2094.36 Crores
Balance Sheet Size FY12/13 Not Available Rs 2718.97 Crores
Balance Sheet Size FY13/14 Not Available Rs 3054.10 Crores
Balance Sheet Size FY14/15 Not Available Rs 3146.81 Crores
Balance Sheet Size FY15/16 Not Available Rs 3373.32 Crores
Balance Sheet Size FY16/17 Not Available Rs 3594.45 Crores
Balance Sheet Size FY17/18 Not Available Rs 3875.20 Crore
Balance Sheet Size FY18/19 Not Available Rs 4280.67 Lakh
Balance Sheet Size FY19/20 Rs 45 Crores Rs 4503.50 Crores
Balance Sheet Size FY20/21 Rs 57.34 Crores Rs 4314.17 Crores
Balance Sheet Size FY21/22 Rs 63.11 Crores Rs 5287.38 Crores
Balance Sheet Size FY22/23 Rs 77.28 Crores Rs 5821.90 Crores

Comparison Link:

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Frequently Asked Questions

Is Lemonn better than Goodwill Wealth ?

Lemonn 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 Lemonn ?

Lemonn 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 Lemonn cheaper than Goodwill Wealth ?

Lemonn 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 Lemonn ?

Lemonn 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 Lemonn vs. Goodwill Wealth ?

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