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Moneypalm vs Achiievers – Compare Charges, Trading Features, Offers & more
Find a Comparison of Moneypalm vs Achiievers 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 Moneypalm and Achiievers.
Background
| Year of Incorporation | 2012 as Moneypalm Securities pvt ltd | 2010 |
| Website | https://www.moneypalm.in/ | https://www.achiieversequitiesltd.com/ |
| Phone | 8010144000 | +91 33 6606 3000 |
| Exchanges enabled | NSE, BSE, MCX | NSE, BSE, & MCX |
| Demat (NSDL/CDSL) | CDSL | CDSL |
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 10.49 Crores | Rs 19 Lakhs |
| Profit after Tax FY12/13 | Rs 14.13 Lakhs | Rs 1.1 Lakh |
| Profit after Tax FY13/14 | Rs 10.7 Lakhs | Rs 1.9 Lakhs |
| Profit after Tax FY 14/15 | Rs 8.72 Crores | Rs 4.9 Lakhs |
| Profit after Tax FY 15/16 | Rs 9.39 Crores | Rs 5.3 Lakhs |
| Profit after Tax FY 16/17 | Rs 11.77 Crores | Rs 5.9 Lakhs |
| Profit after Tax FY 17/18 | Rs 13.07 Crores | Rs 6.0 Lakhs |
| Profit after Tax FY 18/19 | Rs 12.09 Crores | Rs 6.7 Lakhs |
| Profit after Tax FY 19/20 | Rs 13.80 Crores | Rs 7.2 Lakhs |
| Profit after Tax FY 20/21 | Rs 15.98 Crores | Rs 8.1 Lakhs |
| Profit after Tax FY 21/22 | Rs 17.04 Crores | Rs 8.5 Lakhs |
| Profit after Tax FY 22/23 | Rs 16.65 Crores | Rs 8.8 Lakhs |
| Debt FY11/12 | Rs 28.16 Crores | 0 |
| Debt FY12/13 | Rs 31.41 Crores | 0 |
| Debt FY13/14 | Rs 23.83 Crores | Rs 71.9 Lakhs |
| Debt FY14/15 | Rs 33.64 Crores | Rs 1.5 Crores |
| Debt FY15/16 | Rs 28.90 Crores | Rs 1.8 Crores |
| Debt FY16/17 | Rs 35.60 Crores | Rs 2.1 Crores |
| Debt FY17/18 | Rs 34.49 Crores | Rs 2.4 Crores |
| Debt FY18/19 | Rs 28.94 Crores | Rs 2.7 Crores |
| Debt FY19/20 | Rs 32.89 Crores | Rs 2.9 Crores |
| Debt FY20/21 | Rs 31.62 Crores | Rs 3.3 Crores |
| Debt FY21/22 | Rs 33.84 Crores | Rs 3.7 Crores |
| Debt FY22/23 | Rs 33.57 Crores | Rs 4.1 Crores |
| Profit to Equity(%) FY11/12 | Rs 33.57 Crores | 40.35 |
| Profit to Equity(%) FY12/13 | 31.1 | 0.26 |
| Profit to Equity(%) FY13/14 | 21.8 | 0.41 |
| Profit to Equity(%) FY14/15 | 25.01 | 1.00 |
| Profit to Equity(%) FY15/16 | 40.95 | 1.45 |
| Profit to Equity(%) FY16/17 | 47.87 | 2.01 |
| Profit to Equity(%) FY17/18 | 41.90 | 2.45 |
| Profit to Equity(%) FY18/19 | 44.15 | 2.99 |
| Profit to Equity(%) FY19/20 | 48.82 | 3.17 |
| Profit to Equity(%) FY20/21 | 45.66 | 3.55 |
| Profit to Equity(%) FY21/22 | 47.89 | 3.98 |
| Profit to Equity(%) FY22/23 | 34.15 | 4.22 |
| Balance Sheet Size FY11/12 | Rs 14.71 Crores | Rs 7.23 Crores |
| Balance Sheet Size FY12/13 | Rs 14.41 Crores | Rs 8.81 Crores |
| Balance Sheet Size FY13/14 | Rs 17.27 Crores | Rs 13.6 Crores |
| Balance Sheet Size FY14/15 | Rs 21.08 Crores | Rs 17.1 Crores |
| Balance Sheet Size FY15/16 | Rs 20.78 Crores | Rs 17.55 Crores |
| Balance Sheet Size FY16/17 | Rs 22.04 Crores | Rs 17.87 Crores |
| Balance Sheet Size FY17/18 | Rs 30.50 Crores | Rs 18.25 Crores |
| Balance Sheet Size FY18/19 | Rs 32.24 Crores | Rs 18.99 Crores |
| Balance Sheet Size FY19/20 | Rs 30.90 Crores | Rs 19.23 Crores |
| Balance Sheet Size FY20/21 | Rs 26.39 Crores | Rs 19.75 Crores |
| Balance Sheet Size FY21/22 | Rs 25.25 Crores | Rs 19.99 Crores |
| Balance Sheet Size FY22/23 | Rs 33.52 Crores | Rs 20.43 Crores |
Brokerage
| Equity | Rs 15/executed order or 0.01% (intraday) or 0.1%(delivery) whichever is lower - | Choose from: Daily Brokerage Plan Rs. 50/ Day or Unlimited upfront Rs 750/Month or Rs 15/Executed order |
| Equity Futures | Rs 15/executed order or 0.01% whichever is lower | Choose from: Daily Brokerage Plan Rs. 50/ Day or Unlimited upfront Rs 750/Month or Rs 15/Executed order |
| Equity Options | Rs 15/executed order or 0.01% whichever is lower | Choose from: Daily Brokerage Plan Rs. 50/ Day or Unlimited upfront Rs 750/Month or Rs 15/Executed order |
| Currency Futures | Rs 15/executed order or 0.01% whichever is lower | Choose from: Daily Brokerage Plan Rs. 50/ Day or Unlimited upfront Rs 750/Month or Rs 15/Executed order |
| Currency Options | Rs 15/executed order or 0.01% whichever is lower | Choose from: Daily Brokerage Plan Rs. 50/ Day or Unlimited upfront Rs 750/Month or Rs 15/Executed order |
| Commodity | Rs 15/executed order or 0.01% whichever is lower | Choose from: Daily Brokerage Plan Rs. 50/ Day or Unlimited upfront Rs 750/Month or Rs 15/Executed order |
Account Opening Costs
| Trading only | Rs 200 | NA |
| Trading & Demat | Rs 300 | Rs 750 |
| Commodity | Rs 200 | Rs 300 |
Transparency & other costs
Double check on if you are paying much higher other/turnover costs, make sure to compare
| Equity | 0.0035% of turnover | 0.0035% of Turnover |
| Futures | 0.0027% of turnover | 0.0039% of Turnover |
| Options | 0.08% of turnover | 0.075% of Premium Turnover |
| Commodities | 0.0025% of turnover | 0.0046% of Turnover |
| AMC charge | NIL | Rs 400/Year |
| DP Transaction Charge | Rs 10 per debit transaction | Rs 15 or 0.025% whichever higher |
| Offline order placing Charge | Rs 20 | Nil |
Platforms
| Software |  |
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| Web/HTML 5 | |
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| Mobile | |
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Charting
| Intraday | 5 days on NEST | 5 Days on NOW & 5 Day on ODIN (MCX) |
| End of Day | 5 years | 10 years NOW & 5 years on ODIN (MCX) |
| Coding/Backtesting | |
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Reporting
| Online Trade Reports | |
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| Online PNL Reports | |
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| Online Contract Notes | |
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Margins
Leverage Provided
| Equity | Upto 10 times for intraday | Upto 5 times for Intraday & 0 for Delivery |
| Equity Futures | Upto 2 times for intrada | Upto 2 times for Intraday |
| Equity Options | Buying no leverage, Shorting upto 2 times for intraday | No extra Leverage |
| Currency Futures | Upto 2 times for intrada | Upto 2 times for Intraday |
| Currency Options | Buying no leverage, Shorting upto 2 times for intraday | No extra Leverage |
| Commodity | Upto 2 times for intrada | Upto 4 times for Intraday |
Support & Tools
| Research & Tips | |
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| Brokerage Calculator | |
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| Margin Calculator | |
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| Bracket orders & Trailing Stoploss | |
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| Training & Education | |
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Convenience
| 3 in 1 Account | |
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| Instant Fund withdrawal | |
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| Relationship Managers | |
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Frequently Asked Questions
Is Moneypalm better than Achiievers ?
Moneypalm and Achiievers 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 Achiievers better than Moneypalm ?
Moneypalm and Achiievers 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 Moneypalm cheaper than Achiievers ?
Moneypalm and Achiievers 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 Achiievers cheaper than Moneypalm ?
Moneypalm and Achiievers 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 Moneypalm vs. Achiievers ?
To find out the better of the two stockbrokers Moneypalm and Achiievers, compare them based on brokerage charges, trading platforms, Demat account opening fees, research, advisory services, etc.