Choice Broking Account Type

Choice Broking offers various types of accounts to cater to different trading needs, including:

• Trading Account: This account allows investors to buy and sell various financial instruments such as stocks, derivatives, currencies, and commodities. It serves as a platform for executing trades.

• Demat Account: This account is used to hold securities in a digital format. It is essential for storing shares, mutual funds, and other securities electronically.

• 2-in-1 Account: This combined account includes both trading and demat functionalities, simplifying the trading process for users.

• Margin Account: Allows traders to borrow funds from the broker to trade, enabling them to purchase more securities than they could with their own funds.

• Special AMC Plans: Choice Broking offers different annual maintenance charge (AMC) plans for demat accounts, including options for free AMC for the first year, lifetime free plans, and refundable options.

Choice Broking Broker Account Opening Process

To open an account with Choice Broking, follow these steps:

Online Account Opening Process

• Visit the Website or App: Go to the Choice Broking website or download the Jiffy mobile app.
• Register: Fill in basic details such as name, mobile number, and city.
• Document Upload: Upload required documents including:
• PAN Card
• Aadhaar Card
• Address Proof
• Cancelled Cheque
• Passport Size Photograph
• Income Proof (for derivatives trading)
• In-Person Verification (IPV): Complete the IPV process, which can be done online.
• Courier POA: Send the Power of Attorney (POA) document received via email to the broker's office.
• Verification: The broker will verify the submitted documents.
• Account Activation: Once verified, you will receive an email confirming the activation of your account.

Offline Account Opening Process

• Download Forms: Download the account opening form from the Choice Broking website.
• Fill in Details: Complete the form with personal information.
• Attach Documents: Include all required documents with the form.
• Courier the Form: Send the signed form and documents to the broker's office for verification.
• Receive Confirmation: Once verified, you will get an email with your account details.

By following these steps, you can easily open a trading and demat account with Choice Broking, enabling you to start trading in various financial markets.