FairWealth Broker Review

　　

Fairwealth 2025 Review: Everything You Need to Know

　　Summary: Fairwealth Securities, a full-service broker established in 2005, has garnered mixed reviews from users and experts alike. While it is praised for its competitive brokerage rates and comprehensive trading platforms, concerns about customer service and regulatory compliance have been raised. Notably, the firm has faced scrutiny from the Securities and Exchange Board of India (SEBI) for previous fund mismanagement issues.

　　Note: It's essential to recognize that Fairwealth operates in a highly regulated environment, and its reputation may vary by region due to different regulatory frameworks.

　　

Ratings Overview

Category	Rating (out of 10)
Account Conditions	6
Tools and Resources	7
Customer Service and Support	5
Trading Setup (Experience)	6
Trustworthiness	5
User Experience	6

　　We score brokers based on user feedback, expert analysis, and regulatory compliance.

　　

Broker Overview

　　Founded by Dhirender Gaba in 2005, Fairwealth Securities is headquartered in Delhi NCR, India. As a full-service broker, it offers a wide range of trading services, including equity, commodities, and currency trading. The broker provides access to various trading platforms, including a web-based platform and mobile applications for both Android and iOS. Fairwealth is registered with SEBI, ensuring compliance with Indian regulatory standards.

　　

Detailed Section

　　Regulated Geographical Areas:

　　Fairwealth operates primarily in India and is regulated by the Securities and Exchange Board of India (SEBI). This oversight provides a level of security for investors, although the firm has faced scrutiny regarding its fund management practices in the past.

　　Deposit/Withdrawal Currencies:

　　Fairwealth predominantly supports Indian Rupees (INR) for deposits and withdrawals. There is no indication that it supports cryptocurrencies at this time.

　　Minimum Deposit:

　　To open an account with Fairwealth, a minimum margin of INR 15,000 is required, which aligns with industry standards for full-service brokers.

　　Bonuses/Promotions:

　　While Fairwealth does not offer many promotional bonuses, it provides discounts on brokerage fees. However, there are no flexible plans or one-month free trading offers available.

　　Tradable Asset Classes:

　　Fairwealth allows trading in various asset classes, including equities, commodities, and currencies. However, it does not offer forex trading, which may limit options for some traders.

　　Costs (Spreads, Fees, Commissions):

　　Fairwealth's brokerage charges are competitive, with equity delivery at 0.40%, intraday and futures trading at 0.04%, and options trading at INR 60 per lot. Additional transaction fees include a 0.00275% charge on total turnover and an 18% GST on brokerage and transaction fees.

　　Leverage:

　　The leverage offered by Fairwealth varies across asset classes, with equity delivery up to 2x, intraday trading up to 5x, and equity options up to 6x. This flexibility can be appealing to traders looking to maximize their exposure.

　　Permissible Trading Platforms:

　　Fairwealth provides access to various trading platforms, including a web-based solution and mobile applications. However, it does not support platforms like MT4 or MT5, which may be a drawback for more experienced traders.

　　Restricted Regions:

　　Currently, Fairwealth primarily serves clients within India, and there is no indication of its services being available in other international markets.

　　Available Customer Service Languages:

　　Customer support at Fairwealth is primarily offered in English and Hindi. However, reviews indicate that the customer service experience is lacking, with limited support channels available.

　　

Repeat Ratings Overview

Category	Rating (out of 10)
Account Conditions	6
Tools and Resources	7
Customer Service and Support	5
Trading Setup (Experience)	6
Trustworthiness	5
User Experience	6

　　

Detailed Breakdown

　　Account Conditions:

　　Fairwealth offers a straightforward account opening process with a minimum deposit requirement of INR 15,000. However, the annual maintenance fee for the demat account is INR 300, which may not be ideal for all investors. Additionally, the absence of a free demat account may deter potential clients.

　　Tools and Resources:

　　The broker provides a range of trading tools, including a user-friendly mobile app and web platform. However, the lack of advanced trading platforms like MT4 or MT5 may limit options for experienced traders seeking more sophisticated tools.

　　Customer Service and Support:

　　Customer service is a notable concern, with many users reporting inadequate support and slow response times. While Fairwealth does provide email support and has several branches, the absence of a dedicated relationship manager and 24/7 support can be a drawback for clients requiring immediate assistance.

　　Trading Setup (Experience):

　　Users have expressed mixed feelings about their trading experiences with Fairwealth. While some appreciate the competitive brokerage rates and ease of use, others have reported issues with execution speed and platform reliability during high-traffic trading periods.

　　Trustworthiness:

　　Despite being a SEBI-registered broker, Fairwealth has faced scrutiny due to past regulatory issues, including fund mismanagement. While it has resolved complaints effectively, the lingering concerns about its operational practices may affect its overall trustworthiness.

　　User Experience:

　　Overall, the user experience with Fairwealth is average, with clients noting the user-friendly interface of its platforms but also highlighting issues with customer support and execution delays.

　　In conclusion, Fairwealth Securities presents a mixed bag for potential investors. While it offers competitive rates and a broad range of trading options, concerns regarding customer support and past regulatory issues warrant careful consideration before opening an account.