English

Rating Index

Pros

Wide range of trading services including forex, commodities, and equities.

User-friendly trading platforms such as MT4 and MT5.

Decent customer support with multiple channels for assistance.

Cons

Lack of valid regulatory oversight, which may increase risk for traders.

Mixed reviews regarding customer satisfaction and service quality.

Moderate fees and charges compared to some competitors in the market.

Alankit broker Accounts

Alankit Securities Account Type

Alankit Securities offers a Demat Account and a Trading Account as part of its services. The Demat Account allows investors to hold securities in electronic form, making it easier and safer to manage investments. The Trading Account facilitates buying and selling of securities on the stock market. Below are the details of each account type:

1. Demat Account

Account Opening Charges: ₹250
Annual Maintenance Charges (AMC): ₹400 per year
Free Account Opening: No
Free AMC: No
Dematerialization Charges: ₹20 per certificate
Call & Trade Charges: Free
Eligibility: Indian nationality, age 18+, active bank account mandatory.
Documents Required: PAN card, identity proof (Aadhaar card, Voter ID, Driving License, Passport), address proof, bank account proof, income proof (for F&O), passport-sized photo, signature on white paper, and in-person verification.

2. Trading Account

Account Opening Charges: ₹0
Annual Maintenance Charges (AMC): ₹0
Free Trading Account: Yes
Margin Required: ₹20,000 minimum
Trading Platforms: Desktop-based terminal, web-based platform, and mobile app available.

Alankit Securities Broker Account Opening Process

To open an account with Alankit Securities, follow these steps:

Visit the Website: Go to the Alankit Securities official site.
Click on "Open Demat Account": Look for the green button and click on it.
Fill in the Application Form: Provide necessary details such as name, mobile number, and city.
Submit the Form: After filling out the form, submit it.
Document Upload: You will be contacted by an executive who will guide you to upload your KYC documents (Aadhaar card, PAN card, address proof, recent photo, and cancelled cheque).
Verification Process: Once the documents are submitted, the verification process will be conducted by the brokerage.
Account Activation: After verification, you will receive your account credentials via email, allowing you to start trading.