Elixir Stocks – Account Type

Elixir Stocks offers a variety of account types to cater to the diverse needs of investors. These include:

• Universal Account: This account allows clients to trade stocks, options, futures, currencies, bonds, and funds globally from a single platform. It features a transparent pricing structure and provides access to commission-free stock trades, real-time stock prices, and low costs.

• Roth IRA: This account is designed for retirement savings, allowing clients to invest in over 150 investment trusts across various sectors and geographical areas, providing tax advantages.

• Fractional Shares: Clients can own a portion of expensive U.S. shares, starting from as little as $1,000, making investing more accessible.

• Demat Account: Elixir Equities, a related entity, offers demat accounts for holding securities in electronic form. The charges include an annual maintenance fee of ₹750 for individuals and ₹1500 for corporate accounts.

Elixir Stocks – Broker Account Opening Process

Opening an account with Elixir Stocks is a straightforward process that can typically be completed in a few steps:

• Choose Your Account Type: Decide on the type of account you wish to open, such as a Universal Account or a Roth IRA.

• Fill Out the Application: Provide necessary personal information, including your legal name, address, social security number (or tax ID), and banking information.

• Submit Required Documents: Depending on the account type, you may need to submit identification documents and proof of address.

• Fund Your Account: Once your application is approved, you will need to deposit funds into your account. Elixir Stocks allows funding in 24 currencies, and you can use local deposit methods for convenience.

• Start Trading: After funding your account, you can begin trading various assets, including stocks, ETFs, and cryptocurrencies.

For more detailed information, you can refer to the official website: Elixir Stocks and Elixir Equities.