Maverick Brokers Account Type

Maverick Brokers offers a variety of account types tailored to meet the needs of different investors. The primary account types include:

• Trading Account: This account allows investors to buy and sell various securities such as stocks, commodities, and currencies. The account opening charge is ₹300, and the annual maintenance charge (AMC) for the demat account is ₹150 per annum. There are no AMC charges for the trading account. A minimum margin of ₹1,000 is required to start trading.

• Demat Account: This account is used to hold securities in electronic form. It is essential for investors who wish to trade in the stock market without physical certificates. The demat account opening charge is ₹300, and the AMC is ₹150 per annum.

• Equity Trading: For equity delivery, Maverick Brokers charges a brokerage fee of 0.28%, while for equity intraday and futures, the brokerage fee is 0.03%. Equity options are charged at ₹28 per lot.

• Currency Trading: The brokerage fee for currency futures is 0.03%, and for currency options, it is ₹18 per lot.

• Other Services: Maverick Brokers also provides services in insurance and IPOs, enhancing the overall investment experience.

Maverick Brokers Account Opening Process

Opening an account with Maverick Brokers is a straightforward process that can be completed online. Here are the steps to follow:

• Visit the Official Website: Go to the Maverick Brokers website and locate the "Open Account" button.

• Fill in Your Details: Click on the button and fill in your mobile number and other required personal details.

• Verification: You will receive an OTP to verify your mobile number.

• Document Submission: Upload the necessary documents, including:

• PAN card
• Aadhaar card (front & back)
• Passport-sized photo
• Address proof
• Income proof for F&O (such as a six-month bank statement, ITR, Form 16, or net worth certificate)

• Application Submission: After uploading all the documents, submit your application.

• Verification Call: An executive will contact you for final verification.

• Account Activation: Once verified, your trading and demat accounts will be activated, allowing you to start trading within 24 hours.

By following these steps, investors can easily set up their accounts with Maverick Brokers and begin their trading journey.