MarketWolf Review

Category: Reviews | Author: Trading Brokers | Date: October 12, 2023

Embarking on a trading journey requires the right guide, and MarketWolf stands as a compelling candidate. In this comprehensive review, we will dissect the offerings and performance of MarketWolf, examining its tools, resources, and reliability as a trading companion. Just like a wolf prowling the financial wilderness, MarketWolf navigates the intricacies of the market. Join us as we venture into the world of MarketWolf to see if it’s the trading ally you’ve been searching for.

Pros & Cons

  • Zero account opening and annual maintenance charges
  • Real-time free practice trading sessions to all traders to ensure understanding of the trading mechanism before starting market trading
  • MarketWolf offers a range of funding options, making it easy for traders to fund their accounts
  • MarketWolf charges brokerage as 10% of Gross Profit only on profitable trades, and zero brokerage on loss trades, making it an affordable option for traders
  • MarketWolf charges brokerage only when a client makes a profit, which can be costly.
  • Specific payment gateway options available for funding accounts are not specified free live trading account is only available on Fridays
  • The app interface is not user-friendly

Summary 

MarketWolf Review

MarketWolf Review

MarketWolf is a fintech stock trading app that aims to make trading accessible and easy for beginners and experienced traders alike. The app was founded in 2017 and is registered with the Securities and Exchange Board of India (SEBI), the regulatory authority for the securities market in India. MarketWolf is also a member of the National Stock Exchange (NSE), the Bombay Stock Exchange (BSE), the Multi Commodity Exchange (MCX), and the Central Depository Services Limited (CDSL). MarketWolf offers a mobile trading app for Android devices that can be downloaded from the Google Play Store.

The app allows users to trade in various instruments, such as the stock market, forex, commodities, cryptocurrencies, and options. The app also provides various tools and features to help users with their trading decisions, such as a curated list of high-performing liquid stocks, a short-term trend indicator, candlestick charts, technical indicators, a risk management system, a practice mode, and a brokerage model that charges users only when they make a profit. MarketWolf also offers educational resources and support to help users learn more about trading and improve their skills. Some of the educational features include tutorial videos that explain how to use the app and its features, an article that covers various topics related to trading, such as market updates, tips, strategies, etc., and a help center that provides answers to frequently asked questions and allows users to contact customer care via chat or email.

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Regulation

MarketWolf is a trading platform that offers online retail share trading, brokerage, and depository participant services. The company is registered as a stockbroker with the Securities & Exchange Board of India (Registration No. INZ000228534) and is a Trading Member of NSE for Cash/F&O/Currency Derivatives/Commodity Derivatives segment (Member Code: 90166) and MCX (Member Code: 56840). The company is also a Depositary Participant using CDSL as the Depositary (IN-DP-624-2021).

MarketWolf is a SEBI-registered intermediary and is mandated to follow the rules, regulations, and circulars issued by SEBI and exchanges from time to time. The company has an internal control policy that outlines the procedures and controls that are in place to ensure compliance with these regulations. This policy covers areas such as risk management, compliance, and internal audit.

MarketWolf has a policy and procedures document that outlines the rules and restrictions that apply to client dealings. Clients can enquire with MarketWolf’s dealer or customer service executive about any trading restriction on any scrip. The restrictions referred to in this document are in line with the regulations set by SEBI and the exchanges.

MarketWolf has a KYC, Anti-Money Laundering, and Surveillance Policy that outlines the company’s compliance with the appropriate risk legislation, rules, regulations, exchange bylaws, and circulars. This policy covers areas such as customer identification, monitoring of transactions, and reporting of suspicious transactions. MarketWolf has implemented a robust system to ensure compliance with these regulations. Please see a list of regulated brokers for some alternative options.

Platforms & Tools

MarketWolf offers two trading platforms to help traders make informed trading decisions. These platforms include the mobile application and web-based platform.

MarketWolf Trading Platform

MarketWolf Trading Platform

  • Mobile Application: The MarketWolf mobile application is designed to be user-friendly and offers advanced charting, real-time quotes, and a range of order types to help traders execute trades quickly and efficiently. The mobile trading application is available for download on both Android and iOS devices. The mobile application offers a range of features to help traders manage their risk, including stop-loss orders and trailing stop. The mobile application also offers a range of educational resources to help traders learn about the markets and improve their trading skills.
  • Web-based Platform: The MarketWolf web-based platform is designed to be user-friendly and offers advanced charting, real-time quotes, and a range of order types to help traders execute trades quickly and efficiently. The web-based platform is accessible through any web browser and does not require any downloads or installations. The web-based platform offers a range of features to help traders manage their risk, including stop-loss orders and trailing stops. The web-based platform also offers a range of educational resources to help traders learn about the markets and improve their trading skills.

Education

MarketWolf offers a range of educational resources to help traders learn about the stock market and improve their trading skills. These resources include articles, videos, webinars, a YouTube channel, and a trading simulator. The articles, videos, and webinars are available on the MarketWolf website. These resources cover a range of topics, including technical analysis, fundamental analysis, risk management, and more. Traders can access these resources for free and learn at their own pace.

MarketWolf’s YouTube channel offers a range of educational videos on trading and investing. These videos cover a range of topics, including technical analysis, fundamental analysis, and risk management. Traders can access these videos for free and learn at their own pace. Furthermore, The trading simulator is designed to help traders improve their trading skills without risking real money. The simulator is user-friendly and offers a range of features to help traders practice trading.

Markets

MarketWolf offers trading in a variety of markets, including stocks, ETFs, indices, currencies, and commodities. Here is a breakdown of each market:

  • Stocks: MarketWolf offers trading in stocks, including penny stocks and illiquid stocks. Trading in stocks can be a great way to invest in individual companies and potentially earn a profit. However, it is important to do your research and understand the risks involved in trading stocks.
  • ETFs: MarketWolf offers trading in ETFs. ETFs, or exchange-traded funds, are a type of investment fund that holds a collection of assets, such as stocks or bonds. ETFs are a popular investment choice because they offer diversification and are typically less risky than investing in individual stocks.
  • Indices: MarketWolf offers trading in indices. An index is a collection of stocks that represent a particular market or sector. Trading in indices can be a good way to invest in a particular market or sector without having to invest in individual stocks.
  • Currencies: MarketWolf offers trading in currency pairs. Trading in currencies, also known as forex trading, involves buying and selling different currencies in order to profit from changes in exchange rates. Forex trading can be a high-risk, high-reward investment strategy.
  • Commodities: MarketWolf offers trading in commodities. Commodities are raw materials or primary agricultural products that can be bought and sold, such as gold, oil, or wheat. Trading in commodities can be a good way to diversify your portfolio and potentially earn a profit.

Overall, MarketWolf’s diverse range of markets offers users the opportunity to invest in a variety of assets and potentially earn a profit. However, it is important to do your research and understand the risks involved in trading before investing your money.

Accounts

MarketWolf offers a range of trading accounts to suit the needs of different types of traders. These accounts include:

  • Trading Account: The trading account allows traders to access the MarketWolf trading platform and trade in a range of markets, including the stock market, forex, commodities, cryptocurrencies, and options. The minimum deposit required to open a trading account is not specified on the official website. The commission charged by MarketWolf for trading in the stock market is 0.01% or Rs. 20 per executed order, whichever is lower. The lot size for trading in the stock market are 1 share.
  • Demat Account: In addition to the trading account, traders also need to open a demat account with MarketWolf. The demat account allows traders to hold their securities in electronic form, making it easy to manage their investments. Traders can access the demat account through the MarketWolf website or desktop application.

Furthermore, MarketWolf offers a free live trading account that allows traders to trade with the company’s founder, Stock Market Wolf, every Friday.

Funding

MarketWolf offers a range of funding options to traders, including UPI, NEFT, RTGS, IMPS, Phonepe, GPay, and PayTM. The company does not charge any additional fees for deposits made through these funding options. Traders can transfer funds from their bank account to their MarketWolf account using NEFT, RTGS, or IMPS. Payment gateways are also available as a funding option, but the specific payment gateway options available are not specified on the official website or other sources.

UPI is a popular funding option in India, and it allows traders to transfer funds from their bank account to their MarketWolf account instantly. NEFT, RTGS, and IMPS are also popular funding options in India, and they allow traders to transfer funds from their bank account to their MarketWolf account within a few hours. Phonepe, GPay, and PayTM are digital wallet services that are also available as funding options, and they allow traders to transfer funds from their digital wallet to their MarketWolf account. It is important to note that MarketWolf does not charge any account opening or annual maintenance fees for trading and demat accounts. The company charges brokerage as 10% of Gross Profit only on profitable trades and zero brokerage on loss trades.

Conclusion

In conclusion, MarketWolf is a versatile fintech stock trading app catering to traders of all levels. Backed by regulatory approval from SEBI and memberships in key Indian stock exchanges, it provides a secure trading environment. MarketWolf offers user-friendly mobile and web platforms with essential trading tools and educational resources. Traders can access a diverse array of markets, including stocks, forex, commodities, cryptocurrencies, and options. The flexible account options, commission structure, and various funding methods enhance its appeal. However, traders should be aware of specific fees associated with some funding options. MarketWolf’s commitment to education and accessible trading makes it a noteworthy choice in the Indian trading landscape. However, it’s worth noting that while MarketWolf offers strong features, there are other brokers with longer track records that might be worth considering as alternative options. For additional choices, we encourage you to explore our trading broker reviews.

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MarketWolf is a fintech stock trading app founded in 2017, providing a user-friendly platform for both novice and experienced traders. Regulated by SEBI and a member of key Indian stock exchanges, it offers a secure trading environment. With diverse trading options in stocks, forex, commodities, cryptocurrencies, and options, MarketWolf caters to various trading preferences.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.


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