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 Charges | Details |
Account Opening Charges | Rs. 0 for online Rs. 150 for offline |
Maintenance Charges | 1st year is free. Rs. 300 annually from 2nd year onwards. |
Goodwill charges Rs. 300 per year but other popular brokers like Upstox, Groww, and Fyers don’t charge any annual maintenance fees.
#2. Goodwill Broker Brokerage Charges
Segment | Brokerage Fee |
Equity Delivery | Free |
Equity Intraday | Rs. 11 per executed order |
Equity Futures & Options | Rs. 11 per executed order |
Currency F&O | Rs. 11 per executed order |
Commodity F&O | Rs. 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.
Segments | Margin/Exposure |
Equity Intraday | Up to 5X in MIS/BO/CO |
Equity Delivery | Up to 5X in MIS/BO/CO |
Equity Futures | Up to 1.33 times in MIS/BO/CO |
Equity Options | Up 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

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

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

Goodwill brokers have made a dedicated portal for mutual funds investment which is Mutualfundskaro.com.
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 Officer | Contact | Email Id | |
Customer care | Mrs. Anu | 044 40329999 Mon – Fri (9 am to 11.30 pm) | [email protected] |
Head of Customer Care | Mr. Pravinth | 8973749935 Mon to Fri (9 AM – 9 PM) | [email protected] |
Grievance Officer | Mr. Prabhakar | 044 40205050 Ext 110 Mon to Fri (9 AM – 9 PM) | [email protected] |
Compliance Officer | Mr. Sambath | 044 40205050 Ext 102 Mon to Fri (9 AM – 9 PM) | [email protected] |
Principal Officer | Mr. Chinnadurai | 044 40205050 Ext 111 Mon to Fri (9 AM – 9 PM) | [email protected] |
Managing Director | R. Baskaran | 044 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.

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

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.

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.

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.

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.

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.

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.
FAQs
Goodwill Brokers is a renowned brokerage firm offering trading and investment services in the Indian stock market highly active in commodity segment.
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.
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.
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.
Account opening charges – Zero
AMC charges – Rs 300 from second year onwards
You can contact through support number and email –
- Customer support number – 044 40329999 (9 am to 11.30 pm)
- email id – [email protected]
Yes, Goodwill Brokers is registered with SEBI (Securities and Exchange Board of India).
Yes, Goodwill Brokers allows you to invest in IPOs directly through their platform, including their mobile app.
Yes, Goodwill Brokers India offers research and analysis tools to assist investors in making informed trading decisions.
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.