You can choose to invest with one of the highly demanded companies, by opting for its Kifs Trade Demat Account. If you aren’t able to figure out why you should opt for Kifs Trade Trading Account, this article is the right place you want to land.
We have laid forward the perfect basis of comparison for you in this article. We have outlined the need and benefits of demat and trading accounts. Additionally, we also figured out the expenses you would incur in connection with both accounts.
|Account Opening Charges||Rs 0|
|Demat AMC||Rs 330|
|Trading AMC||Rs 0|
|Margin Required||75% Margin|
What is Kifs Trade Demat Account & its Benefits?
The Kifs Trade Demat Account is the house for the shares you invest in or decide to sell. You need a place to store the shares traded, which would fetch you profits. The demat account is the place where your shares are held up for trading purposes or are stored for a longer duration in case of long-term investment.
Here are some noteworthy benefits of holding a demat account with Kifs Trade:
- The first and foremost focus benefit associated with this account is the free account opening charges. A lot of companies take quite a charge, whereas this company demands no such charge.
- The brokerage charges are economically ranged, which makes this company and its demat account quite a demand.
- The technology-assisted tools and services are the best part of the company, including its trading platforms.
Open Demat Account with Kifs Trade Now! – Fill up the Form
What is Kifs Trade Trading Account & its Benefits?
The easiest and the most clearly stated meaning of Kifs Trade Trading Account would be a connection between your demat and bank account. You need to trade stocks from a trading account, and according to the trade, the funds are adjusted from your bank account and stocks from your demat account.
Here are the benefits of Kifs Trade, briefly laid out:
- Trading in all the segments provided by the company is possible through one trading account.
- The platforms are highly integrated with the advanced and latest technology available in the market.
- Speaking of the charges, the AMC charge as well as the account opening charge is not applicable for the trading account, i.e. they are provided for free.
You can check the Demat Account details of other Brokers
What are the Kifs Trade Demat Account Charges?
|Which is the Depository Participant involved?||CDSL|
|What are the Demat account opening charges?||Rs 0|
|How much is the Demat Account AMC?||Rs 330|
|What is the Trading Account AMC?||Rs 0|
|What is the initial Margin amount required?||75% Margin|
|Is there any dematerialization available?||Yes|
Let us move on to the Kifs Trade Account Opening Charges, which should be paid only once. This amount is given to the company for the purpose of opting for their services and is a one-time payment. The company has decided to keep the Kifs Trade Demat Account Charges free.
This means, that the policies of the company are framed to provide the clients with a free demat account. The AMC charges are discussed in the section below, whereas CDSL is the DP of this company. On the contrary, there is an initial margin requirement made mandatory by this company which is a range of 75% Margin.
How much is Kifs Trade AMC or Annual Maintenance Charge?
We have made a separate section for the Kifs Trade AMC as it is an important charge which should be accounted for. The nature of this charge is recurring, so, you have to make a definite payment once every year. This particular company has decided to keep the charge an either fee of Rs 330.
This means that there are certain frameworks, based on which you will be asked to pay one of the two options. The other Trading AMC is entirely waived off.
How to Open Kifs Trade Demat Account?
We bring the process to Open Kifs Trade Demat Account right to this page.
- Search for a button at the end of the page. It reads “Open Demat Account” and is located towards the end of the page.
- The moment you click on the button, you will find a pop-up form with the contact details you need to fill in.
- Enter your details into the form and press submit.
- Right when you submit your form, the page will take you to the KYC process.
- The KYC process asks you to provide your identity proof, where you have to submit scanned copies of documents such as a PAN card, Aadhaar card, canceled cheque of your bank account, and a passport-size photo.
- Following the KYC process, when you submit your application, a representative from the company will call you and confirm your identity over voice.
- If everything goes in order, you will get an account sooner and the credentials of the account will be mailed to you, to your registered email address.
Find out the Demat Account Opening Process of other Brokers
General FAQs on Kifs Trade Demat & Trading Account
Here are the general FAQs of Kifs Trade :
Does Kifs Trade provide a Free Demat A/C offer?
No charge termed as a demat account opening charge is levied upon the customers.
Does Kifs Trade provide Free Trading A/C offer?
The client will also get a free trading account along with the already free-of-charge demat account.
Is Kifs Trade Offering Discount on Brokerage?
Kifs Trade displays a set percentage range of brokerage, and hence, it is no further discountable.
Does Kifs Trade offer Happy hour trading to their clients?
Unfortunately, Kifs Trade does not provide the happy hour trading offer yet.
Is Kifs Trade providing a flexible brokerage plan?
The brokerage rate is rather ranging with this company and not rigid. This makes it possible for you to choose a likely brokerage rate.
Kifs Trade Demat Account – Conclusion
Investing in the securities market through, Kifs Trade Demat Account widens your arena of investment. The best part of it is the availability of diversified investment options, all in one place. We wish to draw your attention to the demat account opening charge, which is Zero.
However, we wish to mention that a lot of other competitive companies charge a rather higher fee for account opening. Rest assured, you will have access to some of the great technology-oriented platforms, which would all contribute towards a complete and successful trading journey.
Open Trading Account with Kifs Trade Now! – Fill up the Form
Here are full demat account reviews of other brokers
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