"Market Wolf is an excellent platform for the newbie trader who is still learning to understand the market and can open Trading & Demat Account with Zero Account opening & AMC fees and Market Wolf charges brokerage as 10% of Gross Profit only on profitable trade, zero brokerage on loss trade. "
Why Market Wolf?
- Market Wolf is an excellent platform for the newbie trader who is still learning to understand the market with zero trading account opening and nil annual maintenance charges.
- Market Wolf offers real-time free practice trading sessions to all traders to ensure understanding of the trading mechanism before starting market trading.
- Market Wolf is developed with a risk management system offering a unique profit and stop-loss segment, helping manage the trading risks ensuring the trader never loses more than the percentage set in on a trade.
- Market Wolf charged brokerage only when the trader made a profit. Zero brokerage on losing the trade.
- Market Wolf offers minimum trading of INR 50 for Commodity and Currency trading, INR 100 for Indices trading, and INR 900 for stock trading.
- Market Wolf Android mobile application is developed with robust technology and a user-friendly interface, making it easier for beginners to understand trading quickly.
- Market Wolf e-KYC is power-packed with Legality, a digital execution of highly sensitive agreements.
- Market Wolf offers 24/7 customer care to all users via an in-app help center.
Positives
- Market Wolf offers free trading practices during the market trading hours without KYC verification. Thus, it is beneficial for novice traders to have knowledge about trading before starting investing in the stock market.
- The trader only pays 10% brokerage on profitable trade and zero brokerage on loss.
- Market Wolf accepts funds deposits via UPI, NEFT, RTGS, IMPS, Phonepe, GPay, and PayTM without any additional fees, and the trader allows users to deposit and withdraw funds from Market Wolf web and mobile app.
- There are 15+ charting styles to make the trading experience user-friendly, and the trader can set up up to 2 hours chart time frames to have better trading insight.
- Market Wolf offers a quick withdrawal process and the amount of credit within one business day.
- Market Wolf has inbuilt stop order features where the trader needs to set the percentage of the reward and risk (10%, 25%, 50% or 100%). The trade will be auto-squared off once the order crosses the predefined level.
- Market Wolf offers only high liquidity and quality stocks.
Needs Improvement
- Market Wolf trading app is not available for iOS users. It is currently available only for Android users.
- The free practice session on the Market Wolf platform is only available on mobile applications and not on web browsers.
- Market Wolf charges flat 10% brokerage on profit which is costly.
- Market Wolf doesn’t offer a 3-in-1 account facility. It only provides a free trading account.
- Market Wolf doesn’t offer other services such as mutual funds, IPO, Bonds, FDs, etc., except stock trading.
- Stop Trade sessions on Market Wolf take time to end the session as once the trader clicks on the icon “stop trade,” the system re-confirms the decision, which takes extra seconds and may change the overall profit or loss transactions.
- Market Wolf has leveraged up to 100% profit which may cause loss of capital amount if the trader is still learning and doesn’t fully understand the trading mechanism.
- Market Wolf doesn’t have exact charges for STT, transaction charges, SEBI, and Stamp charges; the amount is auto calculated while the trader confirms the trading amount. It can be a hassle for a newbie trader to understand the costs.
- The trader can add up to 5 stocks to the wish list.
- Market Wolf Web is not available for trading. The trader requires to use the Market Wolf mobile application to perform trading.
- Market Wolf is not suitable for advanced traders.
- Though there is zero brokerage on loss trade, the trader needs to pay SEBI charges, Stamp Duty, Exchange fee, and GST even if he didn’t earn profit.
- Market Wolf doesn’t allow the trader to hold the stocks. The trades get auto squared off at the end of the day if it doesn't meet the profit or loss auto stop level.
- Market Wolf is not offering to trade on the BSE segment.
- Though Market Wolf offers 24/7 customer care service, some days they take 1-2 business days to reply to a query.
Overview :
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| Year of Incorporation | 2017 |
| Products | Equity, Commodity, Currency, IPO |
| Demat Services | CDSL |
| Active Exchange Memberships | NSE and MCX |
| Website | https://marketwolf.com/ |
| Contact Details | +91 8591308916 |
| Total Number of Clients | 201,948 |
| Total Number of Branches | NA |
Market Wolf is a Mumbai-based intra-day trading app founded by Vishesh Dingra in 2017. Market Wolf offers an innovative trading experience, especially for new traders, enabling them to learn trading like never before. Market Wolf provides a free trading account + AMC and charges brokerage only on profitable traders and zero brokerage on losing trades. In addition to this, Market Wolf offers unlimited free practice sessions with virtual money before the trader starts trading with real money.
Market Wolf was previously known as FnO Play, an intra-trading platform that helps newbie traders learn how to trade and introduces them to the basic elements of market trading, enabling them to understand the market better, and preparing them to start trading with confidence. In addition, market Wolf has a curated market investment list — stocks, indices, currency, and commodities.
Market Wolf is NSE, MCX, CDSL member and registered with SEBI. Currently, Market Wolf is not offering to trade on the BSE segment. Market Wolf only has the list of highly liquidy and best stocks options; hence the trader can safely trade in good stocks options.
Market Wolf offers free account opening and zero AMC charges. In addition to this, Market Wolf offers a free trading practice account with virtual money during trading hours. Free trading practice includes every feature that an actual trading account has.
The free trading practice account is highly beneficial for newbie traders as it helps them to understand the actual market scenario — how to trade, which risk factors need to consider, introduction to the various charges (SEBI, brokerage, transaction charges, GST, and Stamp Duty), and how to study market charts.
Market Wolf has a clean and user-friendly trading interface. In addition to this, Market Wolf allows traders to trade on five stocks in one go on a single screen. Moreover, the trader can select options from stocks, currencies, commodities, and indices.
Market Wolf charges 10% flat brokerage on profitable trade and zero brokerage on loss trade. But, even if the trader didn’t make any profit or loss on the platform, Market Wolf charged SEBI fees, stamp duty, exchange fees, and GST.
The additional feature of Market Wolf is Stop Order. It is an automatic trade feature that auto-triggers the order when it reaches the level that is predetermined. This feature helps the newbie trader understand their risk appetite and the charges attached. For instance, the trader invests INR 50 in Silver MIC (Commodity) stock and sets the reward and risk level at 10% each. Hence if the market falls, the order will be squared off by the stop loss level, and the trader will bear the loss of INR 5. If the market goes up, the order will be squared off by the book profit level, and the trader will earn INR 5. The trader can Stop Trade at any point in case the market is steady.
Market Wolf offers a “Follow The Trend” strategy — analyzing the direction chart of trends. The trend follows the strategy based on the expectation that the stock price direction will continue in its current format for a while.
Market Wolf offers to record the live trading video to speed up learning. The trader can review their recorded trading video from the drop-down menu on the app anytime they want. However, the recording has a time limit of one minute only.
Market Wolf Account Opening Charges 2024
Market Wolf does not charge for online account opening for Trading Accounts & Demat Accounts.There are no AMC charges on the Trading and Demat account, which means account opening and account maintenance with Market Wolf is completely free
| Type | Account Opening (One Time) | Annual Maintenance Fees (Yearly) |
|---|---|---|
| Market Wolf Trading Account | ₹0 (Free) | ₹0 (Free) |
| Market Wolf Demat Account | ₹0 (Free) | ₹0 |
Market Wolf Equity Delivery & Intraday Charges 2024
Please find below Market Wolf Brokerage charges for Delivery & Intraday Trades. Market Wolf provides Delivery & Intraday trade both at Zero Brokerage in case the client makes a loss on the investment and 10% of the gross profits as brokerage charges (with a cap as per SEBI regulations) on each profitable trade
| Charges | Equity Delivery | Equity Intraday |
|---|---|---|
| Brokerage | ₹0 brokerages if loss | 10% of the GP on a profitable trade | ₹0 brokerages if loss | 10% of the GP on a profitable trade |
| STT | 0.1% on both Buy & Sell | 0.025% on the Sell-side |
| Transaction / Turnover charges | NSE: 0.00325%, BSE Rs. 1 each on buy trade & sell trade | NSE: 0.00325%, BSE Rs. 1 each on buy trade & sell trade |
| SEBI Charges | ₹ 5/Crore | ₹ 5/Crore |
| GST | 18% on (Brokerage + Transaction Charges) | 18% on (Brokerage + Transaction Charges) |
| Stamp Duty | 0.015% | 0.003% |
Market Wolf F&O Brokerage Charges 2024
Please find below the Market Wolf Brokerage Charges list for Equity Futures & Equity Options. Market Wolf provides Equity Future Trading and Options Trading at Free of Brokerage charge in case the client makes a loss on the investment and 10% of the gross profits as a brokerage charge (with a cap as per SEBI regulations) on each profitable trade.
| Charges | Equity Future | Equity Option |
|---|---|---|
| Brokerage | ₹0 brokerages if loss | 10% of the GP on a profitable trade | ₹0 brokerages if loss | 10% of the GP on a profitable trade |
| STT | 0.01% on the Sell-side | 0.05% on the Sell-side (ON PREMIUM) |
| Transaction / Turnover charges | NSE : 0.0021%, BSE ₹ 1 each on buy trade & sell trade | NSC : 0.053%, BSE ₹ 1 each on buy trade & sell trade |
| SEBI Charges | ₹ 5/Crore | ₹ 5/Crore |
| GST | 18% on (Brokerage + Transaction Charges) | 18% on (Brokerage + Transaction Charges) |
| Stamp Duty | 0.002% | 0.003% |
Market Wolf Currency Trading Brokerage Charges 2024
Please find below Market Wolf Brokerage Charges for Currency Future & Currency Options. Market Wolf does not charge any brokerage for Currency Future and Options Trading in case the client makes a loss on the investment. 10% of the gross profits as a brokerage charge (with a cap as per SEBI regulations) on each profitable trade.
| Charges | Currency Future | Currency Option |
|---|---|---|
| Brokerage | ₹0 brokerages if loss | 10% of the GP on a profitable trade | ₹0 brokerages if loss | 10% of the GP on a profitable trade |
| STT | NA | NA |
| Transaction / Turnover charges | NSE: 0.00135% | NSE: 0.044% |
| SEBI Charges | ₹ 5/Crore | ₹5 /Crore |
| GST | 18% on (Brokerage + Transaction Charges) | 18% on (Brokerage + Transaction Charges) |
| Stamp Duty | 0.0001% | 0.0001% |
Market Wolf Commodity Brokerage & Other Charges 2024
Please find below the Market Wolf Charges list for Commodity Trading. Market Wolf does not charge any brokerage for commodity trading in case the client makes a loss on the investment. 10% of the gross profits as a brokerage charge (with a cap as per SEBI regulations) on each profitable trade.
| Charges | Commodity |
|---|---|
| Brokerage | ₹0 brokerages if loss | 10% of the GP on a profitable trade |
| STT/CTT | 0.01% on Sell |
| Transaction / Turnover charges | Non-Agri: 0.0031% | Agri: 0.00175% |
| SEBI Charges | 20 Rs/Crore |
| GST | 18% on (Brokerage + Transaction Charges) |
| Stamp Duty | Futures 0.002%, Options 0.003% |
Market Wolf Margin Exposure
Market Wolf margin for intraday trading is up to 20% of trade value (max 5x leverage) based on the stock. Market Wolf F&O's intraday trading margin is 1.3x across Equity, Currency, and Commodity trading at BSE, NSE, and MCX. There is no additional margin offered for Market Wolf F&O carry forward positions and equity delivery trades.
| Segment | Margin | Leverage |
|---|---|---|
| Equity Delivery | 100% of trade value | 1X |
| Equity Intraday | Up to 20% of trade value | 5X |
| F&O (Equity, Currency and Commodities) | 100% of NRML margin (Span + Exposure) | 1X |
Market Wolf Call & Trade Charges
Market Wolf offers a free call and trade facility to its users. Call and trade allow the users to call the Market Wolf customer service department and place the order at any point when they have limited access to the internet. There are no limits for the users to place in call and trade. The free call and trade service is an excellent facility where users can save a lot of money while other traders charge up to INR 20–25 per call.
To use the call and trade features, the users need to confirm their account number and identity before placing an order online and fund the Demat account before ordering.
Market Wolf Referral Program
Upon opening an account with Market Wolf, the user, and the referral earns INR 50. In addition to this, when the referral makes three trades each month, both the user and the referral earn INR 50 each month.
The referral program is unlimited; hence it gives the trader and their referrals an unlimited earning opportunity.
Market Wolf 24/7 Customer Service Support
Market Wolf offers 24/7 customer support service to all their traders via the in-app Help Center. Thus, the trader can ask questions and resolve their doubts any time of the day.
Final Thoughts about Market Wolf
When we trade in the real world, it is more about executing and earning profit rather than learning. Thus, Market Wolf introduces free practice trading sessions during market hours that work exactly like real trading but with virtual money. During the free practice sessions, the traders can learn about the market and trading strategy without investing or stressing about losing money.
Once the trader is ready to trade, they can switch to a trading account and start trading. Market Wolf ensures that no trader will lose money more than the risk level they have set for a particular trade; therefore, every trade has a reward and risk level set with a minimum of 5–10%.
Market Wolf offers a great trading platform for newbie traders to learn trading for free and charge brokerage only if the trader makes a profit and zero brokerage on losing the trade. However, the other charges such as SEBI fees, exchange charges, STT, and stamp duty are auto-calculated on the right graph while traders perform trading; hence, it is difficult to calculate the actual percentage of the charges.
Free Equity Delivery Trading and Mutual Funds
- Brokerage-free Equity Delivery and flat Rs 20 per trade for Intraday & F&O +
- Brokerage-free Direct Mutual Fund investment +
- Trade with the best trading platform in India.
This is a limited-time offer. Open Instant Zerodha Account online and start trading today.
Frequently Asked Questions:
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1. Is Market Wolf a trustable stockbroker?
Yes, Market Wolf is a 100% trustable broker.
Vishesh Dhingra is a founder of Market Wolf who has 15 years of experience in market trading. Each feature on Market Wolf is designed out of his experience. Each trade on Market Wolf has an exit strategy, Stop Order — set profit (reward) and loss (risk) percentage. The trade will be auto square off if it hits the % set during the trade. For instance, if the trader sets the profit at 25% and loss on 10%, thus when the market falls, it will auto squared off, and the trader won’t bear a huge loss amount. Similarly, the trade will be auto squared off after hitting the 25% percent level.
In addition to this, Market Wolf has only listed most liquid stocks and does not offer other stocks. Furthermore, Market Wolf only charges brokerage when the trader makes a profit and zero charges on loss trade.
Market Wolf encourages young traders to learn the right trading way and avoid having a huge risk appetite without knowing about their stock.
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2. Is Market Wolf suitable for the beginner?
Market Wolf is developed for beginners. The platform is packed with innovative trading features, and focusing on risk management ensures the newbie traders learn better and start trading in the stock market with confidence.
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3. What are the services offered by Market Wolf?
Market Wolf offers to trade in stocks, indices, currencies, and commodities. In addition to trading, Market Wolf offers free practice sessions during market hours. In the practice sessions, the traders can learn about the trading without investing the real money and can switch to trading mode anytime.
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4. Can I apply for IPOs through a Market Wolf Broking app?
Unfortunately, no. Market Wolf doesn’t offer IPOs.
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5. Does Market Wolf offer mutual funds?
No. Market Wolf doesn’t offer mutual funds.
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6. How much brokerage does Market Wolf charge for Equity Delivery, Intraday, F&O, Currency, and Commodity?
Market Wolf charges flat 10% brokerage of Gross Profit on profit trades only and NIL brokerage on losing trades. However, even though you are not making any profit or loss on Market Wolf, the platform deducts SEBI charges, Stamp Duty, Exchange fee, and GST.
For instance, the trader invested INR 200 in Gold Petal commodity and square off the trading without making any profit or loss; the system will charge — SEBI: INR 0.15 | Stamp Duty: INR 0.07 | Exchange Fee: INR 1.34 | GST: INR 0.24 and the trader get the amount of INR 198.19 credited in the account.
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