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Rating Index

Pros

User-friendly platform for comparing various financial products.
Established reputation as a financial services comparison platform in Australia since 1993.
Access to a wide range of financial products, including home loans, personal loans, and insurance.

Cons

Lack of direct regulatory oversight and unauthorized status with the NFA raises safety concerns.
Inaccurate product information and slow customer service responsiveness reported by users.
No direct trading services offered, which may limit users seeking a comprehensive trading experience.

INFOCHOICE broker Accounts

InfoChoice Account Type

InfoChoice offers a variety of financial products, including comparison services for retail banking and personal finance products. However, specific details about different types of brokerage accounts are not explicitly mentioned in the provided information. Typically, brokerage accounts can include cash accounts, margin accounts, and retirement accounts, among others. Each type serves different investment needs and strategies, but for detailed account types specific to InfoChoice, further research may be required.

InfoChoice Broker Account Opening Process

Opening a broker account with InfoChoice involves several straightforward steps:

  • Visit the Website: Go to the InfoChoice website to start the account opening process.
  • Select Account Type: Choose the type of account you wish to open based on your investment needs.
  • Registration: Fill in your personal details, including your name, mobile number, and address.
  • Document Submission: Upload the required documents such as:
    • PAN card
    • Aadhaar card
    • Address proof
    • Cancelled cheque
    • Passport size photograph
    • Income proof (for derivatives trading)
    • In-Person Verification (IPV): Complete the IPV process, which may be done online or in person, depending on the method of account opening.
    • Verification: The documents submitted will be verified by the broker.
    • Account Activation: Once the verification is complete, you will receive an email confirming the activation of your account.
    • The entire process is designed to be quick and efficient, often completed within 24 hours, provided there are no discrepancies in the submitted documents.

INFOCHOICE accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .
INFOCHOICE Account