How to open commodity trading account in icicidirect
I opened my first demat account in just after getting my first job. I was excited to invest in the stock markets. Because my trading volume how to open commodity trading account in icicidirect very low and my overall investment in stock market was less than 1,00, rupees. It was easy to transfer funds from my saving account to demat account, so the high transaction charges did not bother me.
A trading account is used to place buy or sell orders in the stock market. Demat means dematerialising shares into digital format rather than on physical paper. If you are long term investor, then you must read the most insightful article — 7 Smart Steps to Start Investing in Stock Markets even if you have just Rs.
Give high amount of initial cheque when opening how to open commodity trading account in icicidirect demat account. You can withdraw the money back to your saving account once the account is opened. But you will be able to negotiate for the lowest possible brokerage with Angel Broking or anyone that you select. I gave the first cheque of 1,00, Rupees and got the 0.
There is no compulsion to invest money immediately, you can safely invest whatever you want, even if you want to start with Rs. InI started investing heavily into stock markets. My trading volume is low because I prefer to buy shares for long term. For high trading volume you can open an account with 5Paisa You can Click here to open account with 5Paisa.
You can read the detailed review of demat accounts and decide which is the best trading platform for you. Unlike other demat and trading platforms, 5 Paisa offers flat Rs. No matter how much you buy. You will not be charged based on any percentage. Click Here to open an account with 5Paisa. In either case, you will save a lot of money from the saving from your trade charges. Account opening is very easy and convenient. You fill up simple online form and they will come to collect your documents.
Direct link to Fill up online application for 5Paisa Account. Angel broking is one of the oldest brokerage company in India having established network branches in over cities. At present angel broking providing service to more than 10,00, customers.
I negotiated the brokerage charges at the time of account opening by giving a high amount of how to open commodity trading account in icicidirect cheque. Aditya Birla is relatively new in the market so I am not sure about their customer support.
I am listing here because of their affordable pricing and good brand name. If your fed up with paying annual maintenance charges to the brokerage companies, then you must consider Aditya Birla demat account. Currently, Aditya Birla offers demat-cum-trading account with no annual maintenance charges for 5 years. For this, you have to pay one time demat account opening charges of Rs Apply for the Aditya Birla Account by clicking here. ADM offers terminal based, web based and mobile app based trading to its customers.
Other then trading platform ADM is providing a portfolio tracker how to open commodity trading account in icicidirect online analytical for better decision making. You can also Access all account related information like portfolio tracker, capital gains, statement of accounts and DP Holdings and.
RSL is a wholly owned how to open commodity trading account in icicidirect of religare enterprise. RSL is a diversified financial service group which serving more than 8 lakh across both online and offline platforms. RSL offers broking services in equity, currency and commodity along with depository participant services. Kotak securities demat account offers a single account to hold certificates of your financial instruments like shares, bonds, government securities, mutual funds, and exchange-traded funds ETFs.
Kotak securities provide a single platform for investments in equities, mutual funds, and currency derivatives. It also offers margin against securities using shares in your demat account. Available margin can be used for any of the three segments. If you are looking for the broker advice then Kotak broker also provide daily alerts, economic reports and customizable Research Reports to its clients. Sharekhan is one of the leading online brokerage company having more than 12 lakh customer base.
Presently company has providing service from more than offices across cities. This account has the features like multiple watch lists, real-time portfolio tracking with price alerts and integrated banking.
Motilal oswal financial services is at the third position in the list of best demat accounts in India. Presently the company has more than business locations with over 7.
Zerodha is one of the largest discount broker having more than Over 1. Zerodha is best for the small investors because there is no minimum charges of brokerage per trade. The brokerage rate is 0. This will lead you in saving on brokerage. Their main business review comes from derivatives, hence they have decided to charge zero brokerage on delivery. Zerodha also offers a 60 Day Challenge.
If a trader is net profitable in a 60 day period, all the brokerage charged to him will be refunded. Maximum brokerage reversal is capped at Rs per challenge. You should not open Zerodha account just because it offers lowest rates. I do not have any account with Zerodha because I am not a trader. You should open Zerodha if your trade volume is more than 1Cr per year. Ventura is a full service broking company which provides service to clients to invest in equity, equity derivatives, commodities, mutual funds, fixed income products and currency futures.
I am Ventura customer for a how to open commodity trading account in icicidirect time. Their windows based trading platform is also good. You will need a little trading before starting your trading on their platform.
Ventura charge different brokerage rate depends upon the plan that you will choose. You have to pay the plan amount at the account opening time. Your brokerage will be adjusted against deposit throughout the year. ICICI direct is one the largest share brokerage company having more than 20 lakh customers. A variable percentage of brokerage is charged on basis of quarterly turnover. Higher the turnover, lesser will be the brokerage. A fixed percentage of brokerage is charged on turnover. There is no turnover based slab rates like I- saver plan.
You have to pay prepaid brokerage under this plan. The brokerage rate is lesser as compare to the other two plan. HDFC securities provides 3-in-1 account which integrate your saving account, trading account and demat account.
I tried to collect all required information in a single article. I would like to know which account you liked. Kindly let me know in the comments.
For high volume trading, the first preference should be 5Paisa. AngelBrokingthat provide you reliable trading platforms and awesome customer support. Avoid the common mistakes that I also did in the past and lost my money. I have written an article on how to avoid common mistakes in share market. You must read how to start investing in the indian stock market even if you have only Rs. How to open account and operate them. Request you to also review demat account provided by Yes bank.
Excellent compilation of various options available in the market. Thanks for this insightful how to open commodity trading account in icicidirect. Zerodha is one of the best. Everyone should open an account in zerodha.
It is best and application is also best comparing to others. They have indepth knowledge on each segment. An old organisation has the expertise and total paisa vassool.
Your email address will not be published. Notify me of followup comments via e-mail. You how to open commodity trading account in icicidirect also how to open commodity trading account in icicidirect without commenting. I started CashOverflow in and it has changed my life beyond my expectations. Start Your Online Business. Additional menu Last Updated: Mar 2, I opened my first demat account in just after getting my first job.
Let me explain what can be done with each of these accounts:. This can be done, either online or offline. In an offline Trading Account, the only way you will be able to trade is by calling your broker or by visiting his premises. At Zerodha we offer only online Trading Accounts and you will have an option to trade either through a software based platform, a web based platform or a mobile application.
So what it means is if today T day you make a profit of Rs. You can however utilize the Rs. There are no Annual Maintenance charges for a Trading Account. Dematerialized Account popularly known as Demat Account, is the account where you keep stocks in electronic format.
Similar to how a Savings Account allows you to keep money in electronic format, a Demat account allows you to keep stocks in electronic format. In essence a Demat Account is a safe storage for your stocks and this is the only use of a Demat Account. Once the stock is in your Demat Account, you can keep it for as long as you want.
If you make profits you get it the next day, but if you make a loss it is debited the same day. Demat account is not required. I have an equity trading account with Zerodha. Vishal, DP charges is in terms of debit transaction.
So for eg, if you have sold 10 shares of reliance 3 times in a day, all the 30 shares at the end of the day is debited at one time from your demat, so the DP charge is only once Rs But if you sell reliance and Tata steel, you will be charged DP charges twice.
One quick question, I do not seem to find any legal embargo on having two trading accounts even with the same broker — say, one may be for my active trading whereas the other may be for my investment related portfolio. Can you pls guide me with the legal regulations restricting a broker to open two trading accounts with the same broker for the same individual? Everytime an account is opened, broker updates it on the exchange with PAN.
I have a different question but related to previous thread. Moreover I am not a client of zerodha. Is it possible to manage other person account friend account? If so, Is there any link with my account and their account and How they will pay for me for managing their account? If you want to take money for advisory, you have to become a registered investment advisor. They charge too much for the delivery based trading. I only follow buy-hold strategy for Months.
If yes, normally what charges I have to incur for demat to demat shares transfer? Once they receive, they will transfer it to your new Zerodha demat.
You will have to find out from them. Siva, yes it is possible. Link your icici demat to our trading account by giving your icici client master sheet which they would have sent to you when how to open commodity trading account in icicidirect have opened the account with them. Once it is mapped to your trading account, you can start buying as CNC, so everytime you buy shares it is sent to your icici demat, but when you want to sell these shares, you have to do it through icici.
So by mentioning existing ICICI demat account id in the account opening form, will the zerodha trading account be linked to the icici demat account? You might have received such an email from ICICI or if you login to your trading account it should also be how to open commodity trading account in icicidirect in your user profile, you can take a snapshot of this and print it out…. I have a demat account in Ventura.
Yes you can link your ventura demat to Zerodha trading account, so this way you can take delivery, but to sell it from your demat you will have to use the ventura trading account. Do you offer such an account? Do you allow BSDA account at present? But to be eligible for BSDA, you need to have only 1 demat account and your holdings should never exceed Rs 2lks.
If either of the above happens, in that case the applicable AMC will be charged. What will be the AMC charged if it crosses 2Lacs? Would you also charge demat account opening fees retrospectively if BSDA goes above 2 lacs limit? We have received your request and created the ticket You can click on the link to view and track the progress of your ticket online. Really sorry about any inconvenience caused Yuvesh. Let me check with our team first thing tomorrow morning and get them to call you back.
Or in CNC order taking delivery I will charged differently. Note that for a BSDA, your holdings cannot be worth more than 2 lakh rupees. If you cross this limit, the account automatically becomes a regular demat account. The trading platform we offer is called Zerodha Trader softwareZerodha Web webbased and Zerodha mobile. Yes like how to open commodity trading account in icicidirect brokers when you place an order on the platform it is sent directly to the exchanges.
You get how to open commodity trading account in icicidirect from your demat account based on NSE haircut margins.
Yes shailendar, you will be able to buy through both icici and zerodha. But while selling, you will have to do it only through icici. Demat is very similar to your bank account, you can receive money from any account, but when you are transferring it out you have to use your primary bank. I am currently outside India, so will the attestation of photocopy of my passport done by a competent authority in my current location, be a accepted by zerodha as a valid address proof?
Yes that should do, we will accept that as an address proof, we would also do an In person verification over a webcam once your forms are here based on your convenience. If this process was already done by another broker then it will not be required to do an IPV. I am outside india as well. I do not have my permanent Indian address in the passport.
And FYI, i have icicidirect 3 in 1 account already and like to move to Zerodha. I am more of a investor than a trader. You will need to map this PIS of yours with our trading account. When you do this, ICICI will share your account balance with us which will be updated on the trading platform, everytime you buy or sell, we will report the contract notes to ICICI and they will release the funds or when you sell the funds will automatically get credited to your ICICI Bank account.
So yes you can use your international address, but you will have to give us a declaration that you are an Indian resident. I have demat account with geojit bnp paribhas. I have opened trading account with zerodha but is not activated due how to open commodity trading account in icicidirect inperson verification.
I have demat and trading account with geojit bnp paribhas which have done my in person verification. Do i still require ipv…. But if there is any mismatch in the KRA to the documents you have provided, it how to open commodity trading account in icicidirect have to be done again. With that account whether she can trade in currency.
If yes how to activate this service in that acount? Currency how to open commodity trading account in icicidirect most likely be enabled if while opening the trading account your wife had signed next to currency segment. To know if you are enabled or not, log into backoffice and see in your user profile.
The other way to find if you are enabled or not is while adding scrip on your market watch, if you see CDS, then it means it is enabled. If not enabled, you will have to sign the segment addition document and courier it to us. The form is available on https: I have some shares in that DMAT account. If it is not possible, Am I allowed to open only trading account with Zerodha.
You can also open only trading account with us, but the issue with this will be that when you buy shares it will go to your idbi demat, but you cannot sell the shares sitting in your idbi demat using the zerodha trading account. Thanks for the reply. I have some follow up questions.
I am thinking of opening a trading account with Zerodha for only for intraday and derivatives options trading. Am I allowed to have two trading accounts one with Zerodha and the other with another broker 2.
If I am allowed, will I be able to operate my existing account the way I am doing today or will I have restrictions on that account. I don;t intend to buy shares for delivery throuh Zerodha trading account. However if in any circumstances, if I buy them how to open commodity trading account in icicidirect will I sell them. Yes Kumari, you can have as many trading accounts as you want. You how to open commodity trading account in icicidirect just open a trading account with us.
Your existing IDBI account will continue to operate just the way it is now, nothing will change. When you link your idbi demat to your zerodha trading account, whenever you buy stocks, the stocks will be delivered to your idbi demat account. You can then sell it using the idbi trading account.
Dear sir, I how to open commodity trading account in icicidirect join zerodha as an investor cum trader. I have some doubts. Please answer if time permits…. I want to know whether there are any option for lifetime AMC free for demat account. How can we transfer funds both in and out to zerodha trading account. Which banks are registered for fund transfer.