Hindustan Tradecom Private Limited - Account Type

Hindustan Tradecom Private Limited offers various types of accounts tailored to meet the needs of different investors. The primary account types available include:

• Trading Account: This account enables clients to buy and sell securities in the stock market. It is essential for executing trades in equities, derivatives, and commodities.
• Demat Account: This account holds securities in electronic format, making it easier for investors to manage their holdings. It is mandatory for holding shares and mutual funds.
• Corporate Accounts: Designed for businesses, these accounts cater to the trading and investment needs of corporate clients.

The annual maintenance charges (AMC) for individual accounts are ₹250, while corporate accounts incur an AMC of ₹1000. Additionally, transaction charges for market trades are ₹0 for buying and ₹0.004% of the value or ₹15 (whichever is higher) for selling.

Hindustan Tradecom Private Limited - Broker Account Opening Process

Opening an account with Hindustan Tradecom Private Limited is a straightforward process. Here are the steps to follow:

• Choose the Type of Account: Decide whether you want to open a trading account, demat account, or a corporate account based on your investment needs.

• Gather Required Documents: Prepare the necessary documents, including:

• Proof of Identity: PAN card, Aadhaar card, passport, voter ID, or driving license.
• Proof of Address: Aadhaar card, passport, utility bill (not older than 2 months), or bank statement.
• Passport-sized photographs (usually 2-3).
• Submit Application: You can apply through various methods:
• Online: Visit Hindustan Tradecom's website and fill out the online account opening form.
• Phone Call: Call 0141-4069600 to schedule an appointment with an investment advisor.
• Walk-in: Visit any branch of Hindustan Tradecom.

• Complete KYC Process: Submit the KYC form along with the required documents. Some brokers offer online KYC verification for convenience.

• Account Verification: After submitting the application, the account will be verified, which may take 1-2 working days.

• Receive Account Details: Once verified, you will receive a welcome kit with your client ID and password.

• Fund Your Account: Deposit money into your trading account using various methods such as bank transfer or cheque.

By following these steps, you can successfully open an account with Hindustan Tradecom Private Limited and start your trading journey.