Goodwill Broker (Charges, Margin, Platforms)

Are you looking for a reliable and trusted broker for commodity trading? Goodwill Brokers can be a good option for you. 

In this blog post, we will explore Goodwill brokers in detail, along with their brokerage charges, advantages/disadvantages, different platforms, and the account opening process.

This article will help you make an informed decision about Goodwill Brokers.

GoodWill Broker Charges 

#1. Goodwill Broker Account Charges 

Type of ChargesDetails
Account Opening ChargesRs. 0 for online 
Rs. 150 for offline 
Maintenance Charges1st year is free. 
Rs. 300 annually from 2nd year onwards.

Goodwill charges Rs. 300 per year but other popular brokers like UpstoxGroww, and Fyers don’t charge any annual maintenance fees.

#2. Goodwill Broker Brokerage Charges 

SegmentBrokerage Fee
Equity DeliveryFree
Equity IntradayRs. 11 per executed order 
Equity Futures & OptionsRs. 11 per executed order 
Currency F&ORs. 11 per executed order 
Commodity F&ORs. 11 per executed order 

About GoodWill Broker 

Goodwill, established in 2008, has grown to become a trusted leader in the Indian stock market for a particular niche which is commodity trading. Goodwill provides Amibroker access for free if you go for a commodity trading account. 

Goodwill is also popular for personalized trading services and low brokerage charges. 

With multiple branches and multi-language support, Goodwill ensures convenience and maximum trading efficiency.  Goodwill serves over 2 Lakhs+ customers nationwide with the help of 100+ offices, 2000+ Associated Partners, and 650+ employees team.

GoodWill Broker Margin Details 

As per SEBI regulations on peak margins from 1st September 2021, Goodwill Broker offers leverage up to 5X in MIS, BO, and CO for equity intraday trading and up to 1.33 times for other segments.

Equity IntradayUp to 5X in MIS/BO/CO
Equity DeliveryUp to 5X in MIS/BO/CO
Equity FuturesUp to 1.33 times in MIS/BO/CO
Equity OptionsUp to 1.33 times in MIS/BO
F&O (Currency & Commodities)Up to 1.33 times in MIS

GoodWill Broker Platforms

#1. GIGA Web Trading Platform

Goodwill giga platform

GIGA, a user-friendly web-based platform, allows you to access it conveniently from any device using a web browser. Once logged in, you can start trading directly from the trade area on the website.

The platform offers a seamless experience with all your important menu orders, holdings, funds, and IPOs displayed on the main dashboard screen. You can also create multiple watch lists for different scripts and access comprehensive data analysis for FII and DII.

With GIGA, you have the flexibility to choose from various chart types, such as Bar, Candle, Colored Bar, Hollow Candle, and Line indicators for market and stock analysis.

GIGA enhances your trading experience with its powerful Scanners, which come with advanced filtering options. Moreover, it provides you with multiple Scanners equipped with 100+ indicators to further assist you in making informed trading decisions.

#2. GIGA Mobile Trading App

giga mobile app

With GIGA Mobile, a lightweight and user-friendly app, you can stay updated on price movements and manage your trading orders effortlessly while on the go.

GIGA Mobile is your one-stop solution for investing in stocks, mutual funds, and even IPOs. Unlike other discount brokers like Zerodha, GIGA allows you to subscribe to IPOs directly from the mobile app.

The GIGA App empowers you to efficiently manage your portfolios, create watchlists, conduct research, and trade stocks seamlessly from your mobile device. Notable features include an extensive watchlist comprising 100 stocks and the ability to create multiple watchlists as per your requirements. You can create different watchlists such as FMCG stocks, Nifty 50, and MCX.

Equipped with essential indicators like open, low, close, 52 weeks high, and circuit limit data, the GIGA app provides you with valuable insights for making informed investment decisions.

#3. Mutual Funds Karo

mutualfunds karo

Goodwill brokers have made a dedicated portal for mutual funds investment which is 

You can invest in thousands of mutual funds listed under different categories. You can also access their Robo-advisory services to invest in mutual funds as per your different financial goals.

However keep in mind that mutualfundskaro is a regular mutual fund investment portal so you have to pay a commission to Goodwill brokers on investment in mutual funds from their portal, unlike other brokers like Zerodha, Groww that provide direct mutual funds investment. 

You can also go through our list of best brokers for mutual funds investments.

GoodWill Broker Customer Care

Goodwill Broker has a dedicated customer support escalation matrix that ensures they are dedicated to their customer’s queries. The escalation matrix is as below –

Designated OfficerContactEmail Id
Customer careMrs. Anu044 40329999
Mon – Fri (9 am to 11.30 pm)
[email protected]
Head of Customer CareMr. Pravinth8973749935
Mon to Fri (9 AM – 9 PM)
[email protected]
Grievance OfficerMr. Prabhakar044 40205050 Ext 110
Mon to Fri (9 AM – 9 PM)
[email protected]
Compliance OfficerMr. Sambath044 40205050 Ext 102
Mon to Fri (9 AM – 9 PM)
[email protected]
Principal OfficerMr. Chinnadurai044 40205050 Ext 111
Mon to Fri (9 AM – 9 PM)
[email protected]
Managing DirectorR. Baskaran044 40205050 Ext 100
Mon to Fri (10 AM – 9 PM)
[email protected]

GoodWill Broker Advantages

  • Flat brokerage among all segments
  • Free Amibroker professional technical analysis software access with their commodity account
  • Regional language customer support is available
  • Research advisory services are available for free
  • Dedicated portal for mutual funds investment

GoodWill Broker Disadvantages

  • Amibroker account only provides commodity charts
  • The collateral margin is not available
  • Research services don’t include annual reports
  • Charges commission on the mutual fund’s investment 

GoodWill Broker Account Opening Process

Let’s discuss the step-by-step account opening process with Goodwill Brokers.

Step 1 – Visit the Goodwill broker’s website and click on the “Register” or “Open an Account” button.

Register with goodwill

Step 2 – Enter your personal details, including your full name and email address.

Personal details and email verification

You’ll get an OTP on your registered email address to verify your email.

Step 3 – Provide your PAN (Permanent Account Number), date of birth, and Aadhar number for KYC (Know Your Customer) verification.

Pan and aadhar details

You’ll be now asked to select the trading segments that you can select as per your requirements.

Step 4 – Fill in your family details, and correspondence address.

Enter family details and address

Step 5 – Upload the required documents, such as your signatures, PAN card, Aadhar card, proof of address, and any other documents specified by Goodwill Brokers. You’ll have to enter your bank account details as well.

upload proofs

Step 6 – Complete the In-Person Verification (IPV) process, which may involve recording a selfie video online where you have to tell your name and a declaration that you are opening a demat account with Goodwill Brokers.

IPV goodwill

Step 7 – Finalize the account opening process by completing the e-signature using Aadhar verification. Authenticate your identity using the OTP (One-Time Password) sent to your registered mobile number.

NSDL verfication

After following these steps, your account opening request will be submitted to Goodwill Brokers. Your account will be opened within 48 hours of completing the account opening process.

Final Words – Why You Should Open GoodWill Broker Account?

You can go for Goodwill Broker if you are highly active in commodity trading, as you get free amibroker software access for in-depth technical analysis of the commodity market. 

You can also enjoy a flat brokerage of Rs 11 per order among all segments such as equity, F&O, currency, and commodity trading.

You can also explore other discount brokers from this list that offers cheap brokerage on stock trading if you are not primarily trading in the commodity segment.


What is Goodwill Brokers?

Goodwill Brokers is a renowned brokerage firm offering trading and investment services in the Indian stock market highly active in commodity segment.

How can I open an account with Goodwill Brokers?

To open an account with Goodwill Brokers, you need to visit their website, register as a user, enter your personal details, provide PAN, DOB, Aadhar number, fill in your correspondence address, upload the required documents, complete IPV (in-person verification with selfie), and finalize the e-sign with Aadhar verification.

What trading platforms are available with Goodwill Brokers?

Goodwill Brokers provides access to the GIGA platform, which is a web-based platform accessible through any device with a web browser. They also offer the GIGA Mobile app for trading on the go.

What services are offered by Goodwill Brokers?

Goodwill Brokers offers a range of services, including stock trading, mutual fund investments, IPO subscriptions, research and analysis tools, personalized services, low brokerage charges, and multi-language support.

Are there any charges or fees associated with opening an account with Goodwill Brokers?

Account opening charges – Zero

AMC charges – Rs 300 from second year onwards

How can I contact Goodwill Brokers for customer support?

You can contact through support number and email –

  • Customer support number – 044 40329999 (9 am to 11.30 pm)
  • email id – [email protected]


Is Goodwill Brokers regulated by any regulatory authority?

Yes, Goodwill Brokers is registered with SEBI (Securities and Exchange Board of India).

Can I invest in IPOs through Goodwill Brokers?

Yes, Goodwill Brokers allows you to invest in IPOs directly through their platform, including their mobile app.

Does Goodwill Brokers provide research and analysis tools?

Yes, Goodwill Brokers India offers research and analysis tools to assist investors in making informed trading decisions.

What are the advantages of choosing Goodwill Brokers?

Some advantages of choosing Goodwill Brokers India include personalized services, competitive brokerage charges, user-friendly trading platforms, multi-language support, and recognition from reputable exchanges like NSE, BSE, and MCX.

About Rajan Dhawan

Rajan has covered personal finance and investing for over 5 years. Previously, he was in the IT field for 8 years after completing his MCA but his deep interest in personal finance led him to become an investing expert. He is passionate about investing, stocks, startups, and cryptos.

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