AlphaGrep Account Type

AlphaGrep Securities offers various types of brokerage accounts to cater to different trading needs. The primary account types include:

• Equity Delivery Account: This account allows clients to buy and hold shares for a longer period. The brokerage charges range from 0.1% to 0.2% on transactions.

• Equity Intraday Account: Designed for day traders, this account enables buying and selling of stocks within the same trading day. The brokerage fees are lower, ranging from 0.01% to 0.02%.

• Equity Futures Account: This account facilitates trading in futures contracts, with brokerage charges similar to intraday trading, at 0.01% to 0.02%.

• Equity Options Account: Clients can trade options with charges between ₹10 to ₹20 per lot.

• Currency Futures and Options Account: The fees for trading currency futures and options are the same as those for equity futures, at 0.01% to 0.02% and ₹10 to ₹20 per lot, respectively.

• Commodity Trading Account: This account allows clients to trade in commodities with brokerage fees of 0.01% to 0.02%.

AlphaGrep Broker Account Opening Process

Opening an account with AlphaGrep Securities is a straightforward process that involves the following steps:

• Select the Account Type: Choose the type of brokerage account that best suits your trading needs, such as equity delivery, intraday, futures, or options.

• Complete the Application: Fill out the account opening form, providing necessary personal details including your name, address, PAN (Permanent Account Number), and contact information.

• Submit Documents: Provide required documents such as:

• Identity proof (Aadhaar card, passport, etc.)
• Address proof (utility bill, bank statement, etc.)
• PAN card
• Passport-sized photographs

• Initial Deposit: Make an initial deposit, which typically requires a minimum balance of ₹5,000 to activate the account.

• Verification: The brokerage will verify your documents and details. This process may take a few days.

• Account Activation: Once verified, your trading account will be activated, and you will receive your login credentials to start trading.

• Funding Your Account: After activation, fund your account through electronic transfer or cheque to begin trading.

By following these steps, you can successfully open a brokerage account with AlphaGrep Securities and start your trading journey.