Fairdeal Stock Brokers Account Type

Fairdeal Stock Brokers offers a variety of account types to cater to different trading needs. The main account types include:

• Cash Account: This type of account allows you to buy and sell securities using only the cash you have deposited. You cannot borrow funds to trade, making it a safer option for new investors.

• Margin Account: In a margin account, you can borrow funds from the broker to purchase securities, allowing you to leverage your investments. This account type involves higher risk, as it can amplify both gains and losses.

• Intraday Trading Account: Specifically designed for traders who engage in day trading, this account type allows for quick buying and selling of securities within the same trading day.

• Mutual Fund Account: This account enables you to invest in various mutual funds, providing a diversified investment option managed by professionals.

• Portfolio Management Services (PMS): For investors seeking personalized investment strategies, PMS accounts offer tailored management of your investment portfolio by experienced professionals.

Fairdeal Stock Brokers Broker Account Opening Process

Opening an account with Fairdeal Stock Brokers is a straightforward process that can be completed in a few steps:

• Choose the Account Type: Decide which type of account suits your investment goals—cash, margin, intraday, mutual fund, or PMS.

• Visit the Website: Go to the Fairdeal Stock Brokers website here.

• Fill Out the Application Form: Complete the online application form with your personal information, including:

• Name
• Address
• Date of Birth
• Contact Information
• Financial Information (Income, Net Worth)
• Submit KYC Documents: Provide necessary Know Your Customer (KYC) documents such as:
• Government-issued ID (e.g., Passport, Driver's License)
• Proof of Address (e.g., Utility Bill)
• Bank Account Details

• Account Verification: After submitting your application and documents, Fairdeal will verify your information. This process may take a few hours to a couple of days.

• Fund Your Account: Once your account is approved, you can fund it through electronic transfer, check, or other available methods.

• Start Trading: After funding your account, you can begin trading using Fairdeal's user-friendly trading platform.