Rating Index
Pros
Established company with a long history in the industry since 1938.
Offers access to a variety of financial instruments including forex, CFDs, commodities, and indices.
Potential for high returns due to a diverse range of trading options.
Cons
Lacks proper regulation, raising concerns about safety and security for clients.
No access to popular trading platforms like MT4 or MT5, which may limit trading capabilities.
No insurance for clients, increasing the risk of financial loss in case of issues.
ERG broker Accounts
Nuvama Account Type
Nuvama offers two main types of trading accounts to cater to different trading needs:
- Nuvama Lite:
- Designed for customers looking for a low-cost trading platform.
- Charges a flat brokerage rate of ₹20 per order.
- Suitable for intraday trades and trading against collateral.
- No hidden charges.
- Nuvama Elite:
- A full-service brokerage plan for frequent traders.
- Includes all features of the Lite plan without additional charges.
- Provides a dedicated relationship manager and access to exclusive products.
- Offers customized leverage and portfolio monitoring with proactive advice.
- Visit the Online Account Opening Page:
- Go to Nuvama's website or mobile app.
- Enter Profile Information:
- Fill in your personal details and select your brokerage plan.
- Video IPV:
- Record a video for identity verification.
- Document Upload:
- Upload soft copies of required documents like PAN card, Aadhaar card, and bank statements.
- E-sign:
- Complete the e-signing process for the application.
- Activation:
- Accounts are typically activated on the same day if all documents are in order.
- PAN Card
- Address Proof (Aadhaar Card)
- Bank Statement (latest 3 months)
- Signature Image
- Passport Size Photograph
- The entire process can take as little as 15 minutes if all documents are ready.
- Nuvama allows you to open an account without a minimum deposit, encouraging new traders to start without significant financial commitment.
Nuvama Broker Account Opening Process
Opening an account with Nuvama is a straightforward process that can be completed online. Here are the steps:
Required Documents:
Additional Notes:
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