Way2wealth vs NJ Wealth – Compare Charges, Trading Features, Offers & more

Find a Comparison of Way2wealth vs NJ 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 Way2wealth and NJ Wealth.

Background

Year of Incorporation 1984 2000
Website https://www.way2wealth.com/ https://www.njwealth.in/
Phone 1800 425 3690 FREE 0261-6155000
Exchanges enabled NSE, BSE, MCX-SX, MCX, & NCDEX BSE, NSE
Demat (NSDL/CDSL) NSDL, CDSL CDSL & NSDL
Brokerage

Equity 0.04% for Intraday, 0.4% for Delivery - Negotiable 0.1% - 0.2%
Equity Futures 0.04% of Turnover - Negotiable 0.01% - 0.02%
Equity Options Rs 50/lot - Negotiable Rs.10 - Rs.20 per Lot
Currency Futures 0.04% of Turnover - Negotiable 0.01% - 0.02%
Currency Options Rs 50/lot - Negotiable Rs.10 - Rs.20 per Lot
Commodity 0.04% of Turnover - Negotiable 0.01% - 0.02%
Account Opening Costs

Trading only NA Free
Trading & Demat Rs 350 Free
Commodity Rs 100 Rs.100
Transparency & other costs

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

Equity 0.0038% of Turnover 0
Futures 0.0034% of Turnover 0
Options 0.056% of Premium Turnover 0
Commodities 0.0035% of Turnover 0
AMC charge Rs 330 0
DP Transaction Charge Rs 18/debit instruction Rs 20
Offline order placing Charge NIL 0
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday 22 days on NEST Yes
End of Day 10 years on NEST Yes
Coding/Backtesting
Reporting

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity Upto 6 times for Intraday, 0 for Delivery 1x
Equity Futures Upto 2 times for Intraday 1x
Equity Options No Leverage 1.5x
Currency Futures Upto 2 times for Intraday 1.2x
Currency Options No Leverage 1.5x
Commodity Upto3 times for Intraday 1.5x
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 4.2 Lakhs Rs 1521.69 Crores
Profit after Tax FY12/13 Rs 5.87 Lakhs Rs 2179.98 Crores
Profit after Tax FY13/14 Rs 5.23 Lakh Rs 2865.45 Crores
Profit after Tax FY 14/15 Rs 7.93 Lakh Rs 3452.44 Crores
Profit after Tax FY 15/16 Rs 11.19 Lakh Rs 5134.80 Crores
Profit after Tax FY 16/17 Rs 11.74 Lakh Rs 7568.40 Crores
Profit after Tax FY 17/18 Rs 12.16 Lakh Rs 4861.99 Crores
Profit after Tax FY 18/19 Rs 14.39 Lakh Rs 2758.71 Crores
Profit after Tax FY 19/20 Rs 14.50 Lakh Rs 1534.54 Crores
Profit after Tax FY 20/21 Rs 16.00 Lakh Rs (12,065.87) Crores
Profit after Tax FY 21/22 Rs 17.02 Lakh Rs (29,213.70) Crores
Profit after Tax FY 22/23 Rs 15.37 Lakh Rs 62554.94 Crores
Debt FY11/12 Rs 10.4 Lakhs Rs 37.58 Crores
Debt FY12/13 Rs 17.2 Lakhs Rs 32.87 Crores
Debt FY13/14 Rs 19.78 Lakh Rs 28.90 Crores
Debt FY14/15 Rs 16.80 Lakh Rs 25.15 Crores
Debt FY15/16 Rs 20.27 Lakh Rs 19.36 Crores
Debt FY16/17 Rs 18.04 Lakh Rs 24.23 Crores
Debt FY17/18 Rs 22.55 Lakh Rs 28.96 Crores
Debt FY18/19 Rs 22.41 Lakh Rs 31.66 Crores
Debt FY19/20 Rs 23.16 Lakh Rs 34.17 Crores
Debt FY20/21 Rs 25.14 Lakh Rs 37.39 Crores
Debt FY21/22 Rs 26.94 Lakh Rs 38.52 Crores
Debt FY22/23 Rs 25.88 Lakh Rs 39.61 Crores
Profit to Equity(%) FY11/12 0.25 27.4
Profit to Equity(%) FY12/13 1.52 29.4
Profit to Equity(%) FY13/14 2.39 21.23
Profit to Equity(%) FY14/15 3.71 20.42
Profit to Equity(%) FY15/16 3.71 26.64
Profit to Equity(%) FY16/17 4.61 38.11
Profit to Equity(%) FY17/18 5.42 40.2
Profit to Equity(%) FY18/19 6.22 41.34
Profit to Equity(%) FY19/20 7.38 43.5
Profit to Equity(%) FY20/21 8.12 46.15
Profit to Equity(%) FY21/22 9.22 45.31
Profit to Equity(%) FY22/23 10.22 44.9
Balance Sheet Size FY11/12 Rs 159 Crores Rs 637849.37 Crores
Balance Sheet Size FY12/13 Rs 148 Crores Rs 677538.15 Crores
Balance Sheet Size FY13/14 Rs 170 Crores Rs 689491.54 Crores
Balance Sheet Size FY14/15 Rs 187.92 Crores Rs 706487.89 Crores
Balance Sheet Size FY15/16 Rs 259.67 Crores Rs 720046.66 Crores
Balance Sheet Size FY16/17 Rs 289.46 Crores Rs 724976.32 Crores
Balance Sheet Size FY17/18 Rs 160.16 Crores Rs 767846.49 Crores
Balance Sheet Size FY18/19 Rs 240.46 Crores Rs 784561.64 Crores
Balance Sheet Size FY19/20 Rs 294.59 Crores Rs 801348.75 Crores
Balance Sheet Size FY20/21 Rs 181.53 Crores Rs 810464.61 Crores
Balance Sheet Size FY21/22 Rs 227.41 Crores Rs 944370.11 Crores
Balance Sheet Size FY22/23 Rs 289.78 Crores Rs 967891.38 Crores

Comparison Link:

Compare Way2wealth Compare NJ Wealth
Way2wealth Vs Punch Trade NJ Wealth Vs Punch Trade
Way2wealth Vs BlinkX NJ Wealth Vs BlinkX
Way2wealth Vs Lemonn NJ Wealth Vs Lemonn
Way2wealth Vs Mandot Securities NJ Wealth Vs Mandot Securities
Way2wealth Vs HDFC Sky NJ Wealth Vs HDFC Sky
Way2wealth Vs Dhan NJ Wealth Vs Dhan
Way2wealth Vs Goodwill Wealth NJ Wealth Vs Goodwill Wealth
Way2wealth Vs Shoonya by Finvasia NJ Wealth Vs Shoonya by Finvasia
Way2wealth Vs Paytm Money NJ Wealth Vs Paytm Money
Way2wealth Vs Globe Capital NJ Wealth Vs Globe Capital
Way2wealth Vs Finvasia NJ Wealth Vs Finvasia
Way2wealth Vs Cholamandalam Securities NJ Wealth Vs Cholamandalam Securities
Way2wealth Vs Canara Bank NJ Wealth Vs Canara Bank
Way2wealth Vs Axis Direct NJ Wealth Vs Axis Direct
Way2wealth Vs Alice Blue NJ Wealth Vs Alice Blue
Way2wealth Vs 5Paisa NJ Wealth Vs 5Paisa
Way2wealth Vs M.stock NJ Wealth Vs M.stock
Way2wealth Vs WisdomCapital NJ Wealth Vs WisdomCapital
Way2wealth Vs Ventura Securities NJ Wealth Vs Ventura Securities
Way2wealth Vs Navia Markets Ltd NJ Wealth Vs Navia Markets Ltd
Way2wealth Vs Tradejini NJ Wealth Vs Tradejini
Way2wealth Vs Tata Securities NJ Wealth Vs Tata Securities
Way2wealth Vs Swastika Investmart NJ Wealth Vs Swastika Investmart
Way2wealth Vs SMC Global NJ Wealth Vs SMC Global
Way2wealth Vs SBICAP Securities NJ Wealth Vs SBICAP Securities
Way2wealth Vs SASOnline NJ Wealth Vs SASOnline
Way2wealth Vs Samco securities NJ Wealth Vs Samco securities
Way2wealth Vs RK Global NJ Wealth Vs RK Global
Way2wealth Vs Reliance Securities NJ Wealth Vs Reliance Securities
Way2wealth Vs Nirmal Bang NJ Wealth Vs Nirmal Bang
Way2wealth Vs Master Trust Capital NJ Wealth Vs Master Trust Capital
Way2wealth Vs Kotak Securities NJ Wealth Vs Kotak Securities
Way2wealth Vs Interactive Brokers NJ Wealth Vs Interactive Brokers
Way2wealth Vs IIFL Securities NJ Wealth Vs IIFL Securities
Way2wealth Vs Dhani NJ Wealth Vs Dhani
Way2wealth Vs IDBI Capital NJ Wealth Vs IDBI Capital
Way2wealth Vs HDFC Securities NJ Wealth Vs HDFC Securities
Way2wealth Vs Geojit NJ Wealth Vs Geojit
Way2wealth Vs Fyers Securities NJ Wealth Vs Fyers Securities
Way2wealth Vs Edelweiss Capital NJ Wealth Vs Edelweiss Capital
Way2wealth Vs Easytradez NJ Wealth Vs Easytradez
Way2wealth Vs Rupeezy NJ Wealth Vs Rupeezy
Way2wealth Vs Anand Rathi NJ Wealth Vs Anand Rathi
Way2wealth Vs Aditya Birla Money NJ Wealth Vs Aditya Birla Money
Way2wealth Vs Achiievers NJ Wealth Vs Achiievers
Way2wealth Vs Angel One NJ Wealth Vs Angel One
Way2wealth Vs Motilal Oswal NJ Wealth Vs Motilal Oswal
Way2wealth Vs ICICI Direct NJ Wealth Vs ICICI Direct
Way2wealth Vs Sharekhan NJ Wealth Vs Sharekhan
Way2wealth Vs Groww NJ Wealth Vs Groww
Way2wealth Vs Tradesmart Online NJ Wealth Vs Tradesmart Online
Way2wealth Vs Upstox NJ Wealth Vs Upstox
Way2wealth Vs Zerodha NJ Wealth Vs Zerodha

Frequently Asked Questions

Is Way2wealth better than NJ Wealth ?

Way2wealth and NJ 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 NJ Wealth better than Way2wealth ?

Way2wealth and NJ 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 Way2wealth cheaper than NJ Wealth ?

Way2wealth and NJ 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 NJ Wealth cheaper than Way2wealth ?

Way2wealth and NJ 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 Way2wealth vs. NJ Wealth ?

To find out the better of the two stockbrokers Way2wealth and NJ Wealth, compare them based on brokerage charges, trading platforms, Demat account opening fees, research, advisory services, etc.