Rating Index
Pros
Strong deal sourcing capabilities with access to a vast database of companies.
Professional and knowledgeable team providing efficient support and insights.
High client satisfaction ratings, indicating a reliable service.
Cons
Potentially high costs associated with their services compared to competitors.
Limited flexibility in work arrangements, leading to long hours.
Some users report a lack of innovative technology, relying more on manual processes.
Finquest broker Accounts
Finquest Account Types
Finquest Securities Pvt Ltd offers a variety of account types to cater to the needs of different investors. The primary account types include:
Demat Account: This account allows investors to hold securities in electronic form. It is essential for trading in stocks and mutual funds.
Trading Account: This account enables investors to buy and sell securities in the stock market. It is linked to the Demat account for seamless transactions.
Individual and Corporate Accounts: Individual accounts are designed for personal trading, while corporate accounts cater to businesses and institutions.
Annual Maintenance Charges (AMC):
- For individual accounts: ₹250 per annum.
- For corporate accounts: ₹500 per annum.
- Transaction Charges:
- Buy (Receive): ₹0.
- Sell (Debit): ₹7 per transaction.
- Demat and Remat Charges:
- Demat: ₹2 per certificate (maximum ₹250) + ₹25 courier.
- Remat: ₹25 per certificate.
- Pledge Charges:
- Pledge creation: 0.02% of the value (minimum ₹25).
- Pledge invocation: 0.02% of the value (minimum ₹25).
- Documentation: Provide necessary documents for KYC compliance, including:
- Proof of identity (e.g., Aadhaar card, passport).
- Proof of address (e.g., utility bill, bank statement).
- PAN card (Permanent Account Number).
- Income proof (e.g., bank statement, ITR acknowledgement).
- Application Form: Fill out the KYC application form with accurate personal details and financial background. This includes:
- Full name
- Date of birth
- Occupation
- Income details
- Investment objectives
Verification Process: Submit the KYC application form along with the required documents. The KYC team will verify the authenticity of the documents.
KYC Registration Agency (KRA): After verification, the data will be uploaded to the KRA and the Central KYC Agency.
Compliance with Regulatory Authorities: Register the client with CDSL and the exchange database to provide the UCC and CDSL account number.
Finquest Broker Account Opening Process
Opening an account with Finquest Securities involves several steps to ensure compliance with regulatory requirements. Heres a step-by-step guide:
By following these steps, investors can successfully open a trading and demat account with Finquest Securities.
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