JHAVERI broker Accounts

jhaveri Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

jhaveri Account Types Explained

Jhaveri Securities offers a variety of account types tailored to meet the needs of different traders. Heres a detailed overview of the available account types:

1. Standard Account

• Minimum Deposit Requirement: ₹5,000
• Spread/Commission Structure: Variable spreads starting from 0.5 pips
• Leverage Options: Up to 1:100
• Key Features: Basic trading features, access to all trading instruments
• Target User Profile: Beginners
• Trading Instruments Available: Equities, commodities, currencies, mutual funds

2. ECN Account

• Minimum Deposit Requirement: ₹10,000
• Spread/Commission Structure: Tight spreads with a commission of ₹20 per lot
• Leverage Options: Up to 1:200
• Key Features: Direct market access, faster execution speeds
• Target User Profile: Intermediate to advanced traders
• Trading Instruments Available: Equities, commodities, currencies

3. Pro Account

• Minimum Deposit Requirement: ₹25,000
• Spread/Commission Structure: Low spreads starting from 0.1 pips, commission of ₹10 per lot
• Leverage Options: Up to 1:500
• Key Features: Advanced trading tools, dedicated account manager
• Target User Profile: Professional traders
• Trading Instruments Available: Equities, commodities, currencies, derivatives

4. Islamic Account

• Minimum Deposit Requirement: ₹5,000
• Spread/Commission Structure: Similar to Standard Account
• Leverage Options: Up to 1:100
• Key Features: No swap fees, compliant with Islamic law
• Target User Profile: Muslim traders
• Trading Instruments Available: Equities, commodities, currencies

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds)
• Spread/Commission Structure: Simulated spreads
• Leverage Options: Up to 1:100
• Key Features: Practice trading without risk, access to all trading instruments
• Target User Profile: Beginners and those testing strategies
• Trading Instruments Available: Equities, commodities, currencies

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account, Demo Account
• Intermediate Traders: ECN Account
• Advanced Traders: Pro Account
• Muslim Traders: Islamic Account

Detailed jhaveri Account Features

Account Features Comparison

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• Suitable for beginners

• Access to various trading instruments

• ECN Account:

• Tight spreads

• Direct market access

• Faster execution speeds

• Pro Account:

• Very low spreads

• Advanced trading tools

• Dedicated account manager

• Islamic Account:

• Compliant with Islamic law

• No swap fees

• Demo Account:

• Risk-free trading environment

• Ideal for practice and strategy testing

Disadvantages of Each Account Type

• Standard Account:

• Limited advanced features

• Higher spreads compared to ECN and Pro accounts

• ECN Account:

• Higher minimum deposit

• Commission fees may add up

• Pro Account:

• Requires a significant initial investment

• More suited for experienced traders

• Islamic Account:

• Limited to Muslim traders

• May have fewer features compared to standard accounts

• Demo Account:

• Virtual funds only

• Limited duration for practice

jhaveri Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents of India and select countries.
• Prohibited Countries: Specific countries may be restricted; check with Jhaveri Securities for details.
• Identity Verification Documents Needed:
• PAN Card
• Aadhar Card or Passport
• Proof of Residence Requirements:
• Utility bill
• Bank statement
• Additional Documentation for Professional Accounts: May require proof of income or business registration.

KYC/AML Compliance Procedures

Jhaveri Securities follows strict KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations, requiring all clients to submit necessary identification and proof of residence documents.

Verification Time Frames

Account verification typically takes 1-3 business days, depending on the completeness of submitted documents.

Step-by-Step jhaveri Account Opening Guide

Detailed Registration Process

1. Visit Website: Go to the Jhaveri Securities website.
2. Click Registration: Click on the "Open Account" button.
3. Personal Information Entry: Fill in your personal details such as name, email, and phone number.
4. Choose Account Type: Select the type of account you wish to open.
5. Set Trading Preferences: Indicate your trading preferences and risk profile.
6. Document Upload: Upload the required identity and residence verification documents.
7. Account Verification: Wait for the verification process to complete.
8. Fund Your Account: Deposit the minimum required amount to activate your trading account.
9. Start Trading: Once verified and funded, you can start trading.

Desktop vs Mobile Registration Differences

The registration process is similar on both desktop and mobile platforms, with mobile registration potentially being more streamlined for quick access.

Common Registration Issues and Solutions

• Issue: Document upload failure
• Solution: Ensure documents are in the correct format and size.
• Issue: Delayed verification
• Solution: Contact customer support for assistance.

Average Account Approval Time

Typically, account approval takes 1-3 business days, depending on document verification.

How to Upgrade/Downgrade Account Types

To change your account type, contact customer support or use the account management section on the website to submit a request.

jhaveri Demo Account Guide

Demo Account Features and Benefits

• Access to all trading instruments
• Practice trading strategies without financial risk
• Virtual balance to simulate real trading conditions

How to Open a Demo Account

1. Visit the Jhaveri Securities website.
2. Click on the "Open Demo Account" option.
3. Fill in the required information and submit.

Demo Account Limitations

• Limited duration (usually 30 days)
• Virtual funds only

Virtual Balance Amount

Typically, the demo account comes with a virtual balance of ₹1,000,000 or equivalent.

Demo vs Live Account Differences

• Demo accounts use virtual funds; live accounts require real money.
• Demo accounts do not incur any trading fees or commissions.

Duration/Expiry of Demo Accounts

Demo accounts typically expire after 30 days of inactivity.

jhaveri Islamic Account Details

Swap-Free/Islamic Account Availability

Jhaveri Securities offers Islamic accounts that comply with Sharia law, providing a swap-free trading option.

Eligibility Requirements

• Must be a practicing Muslim
• Required documentation similar to standard accounts

Differences from Standard Accounts

Islamic accounts do not incur swap fees, making them suitable for long-term positions.

How to Apply for Islamic Account

1. Select the Islamic account option during registration.
2. Provide necessary documentation confirming eligibility.

Restrictions or Special Conditions

Islamic accounts may have specific trading conditions, including restrictions on certain instruments.

FAQs – jhaveri Account Types & Opening

1. What account types does jhaveri offer？

• Jhaveri offers Standard, ECN, Pro, Islamic, and Demo accounts.

1. What is the minimum deposit for each account type？

• Standard: ₹5,000, ECN: ₹10,000, Pro: ₹25,000, Islamic: ₹5,000, Demo: N/A.

1. How long does jhaveri account verification take？

• Verification typically takes 1-3 business days.

1. Does jhaveri offer demo accounts？

• Yes, Jhaveri offers demo accounts for practice trading.

1. Can I have multiple account types with jhaveri？

• Yes, you can open multiple account types.

1. Does jhaveri offer Islamic/swap-free accounts？

• Yes, Jhaveri offers Islamic accounts that are swap-free.

1. What documents do I need to open a jhaveri account？

• PAN Card, Aadhar Card or Passport, and proof of residence.

1. Can I change my account type after registration？

• Yes, you can request to upgrade or downgrade your account type through customer support.