Fast Capital Markets Account Type

Fast Capital Markets offers various types of trading accounts to cater to different investor needs. The primary account types include:

• Full-Service Account:
• Provides comprehensive services including investment advice, research, and portfolio management.
• Typically comes with higher fees and commissions compared to discount accounts.
• Margin Account:
• Allows traders to borrow funds from the broker to increase their buying power.
• Requires a minimum margin deposit, which is typically ₹10,000.
• Demat Account:
• Used for holding securities in electronic form.
• Fast Capital Markets charges ₹330 for account opening but does not impose annual maintenance charges (AMC).
• Trading Account:
• Allows buying and selling of various securities, including stocks, commodities, and currencies.
• Fast Capital Markets offers competitive brokerage fees, such as 0.50% for equity delivery and 0.05% for intraday trading.

Fast Capital Markets Broker Account Opening Process

Opening a trading account with Fast Capital Markets involves several steps:

• Choose the Right Account Type:
• Decide whether you need a full-service account, margin account, or a demat account based on your trading needs.
• Complete the Online Application:
• Visit the Fast Capital Markets website and fill out the online application form with personal details, including name, address, and contact information.
• Submit Required Documents:
• Provide necessary documentation such as proof of identity (Aadhaar card, PAN card), proof of address (utility bill, bank statement), and a few passport-sized photographs.
• Verification Process:
• The brokerage will verify your identity and documents. This process can take a few days.
• Fund Your Account:
• After approval, fund your trading account with a minimum deposit of ₹10,000. You can use bank transfers or other accepted funding methods.
• Start Trading:
• Once your account is funded, you can begin trading through the Fast Capital Markets trading platform. Make sure to familiarize yourself with the platform features and tools for a smooth trading experience.