I want to open a trading account (no DP) to purely trade in options - I'm KYC Compliant customer
Want to know --
a) What's account opening process - online or offline - What all documents to be submitted as already KYC compliant
b) Any Account Opening Charges ?
c) Monthly Charges - Rs. 99
-- Is monthly charge paid monthly/quarterly/annually
-- For the months one doesn't trade - is the charge still applicable
d) Any other charges (beyond standard STT/turnover) that I should be aware of beyond Rs. 99 per month. I do not plan to subscribe to any other add on's
Hi Fundootrader,
Thank you for considering to open an account with us. To answer your specific queries.
a) You can call our account opening executive on 1800-425-75757 or even enter your details on our website so that we can contact you. After explaining the details we will email you the trading account opening form. You can fill the form, take a print and post it to us. Since you are already KYC compliant you need not give us your ID or address proof. You will need to give your bank account proof and also an authorisation letter allowing us to download your KYC details from the KRA website. We will capture the same details into your KYC form.
b) No account opening charges for now.
c) Monthly charge is Rs. 99 + service tax. If you do not trade in that month then the amount debited would be refunded and auto debited for the next month. This means you will not be charged for the month in which you do not trade. Please note month = billing cycle which is 30 days.
d) Apart from STT and Turnover charges there will also be stamp charges and service tax.
Click here for Charges calculator
More details required.
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