Fairwealth Securities Account Type

Fairwealth Securities offers two main types of accounts for its clients: Demat Account and Trading Account.

• Demat Account:
• Purpose: Used for holding securities in electronic form.
• Depository Participants: Fairwealth Securities utilizes both CDSL (Central Depository Services Limited) and NSDL (National Securities Depository Limited).
• Account Opening Charges: ₹250.
• Annual Maintenance Charges (AMC): ₹300 per annum.
• Minimum Margin Required: ₹15,000.
• Dematerialization Available: Yes.
• Trading Account:
• Purpose: Used for executing buy and sell orders in the stock market.
• Account Opening Charges: Free.
• AMC: Free.
• Minimum Margin Required: ₹15,000.

Fairwealth Securities Broker Account Opening Process

To open an account with Fairwealth Securities, follow these steps:

• Visit the Official Website: Go to the Fairwealth Securities website.
• Fill the Application Form: Click on the "Open Demat Account" button and fill out the required details like name, email, and phone number.
• Document Submission: After submitting the form, a representative will contact you for verification. You will need to provide documents such as:
• Aadhaar Card
• PAN Card
• Passport-sized photograph
• Cancelled cheque for bank details.
• KYC Verification: Complete the KYC (Know Your Customer) process by filling out the details in the provided eKYC link.
• Account Activation: Once the documents are verified, you will receive a welcome email with your login credentials, and you can start trading.

This process typically takes 1-2 days to complete.