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Rating Index

Pros

Offers access to a variety of financial instruments, including forex, CFDs, commodities, and indices.

User-friendly trading platform designed for ease of use.

Established presence in the market since 1992, indicating experience in the industry.

Cons

Lacks proper regulation, raising concerns about safety and reliability.

No insurance for clients, which could expose traders to higher risks.

Limited customer support options, potentially hindering timely assistance for traders.

Mehta broker Accounts

Asit C Mehta Account Type

Asit C Mehta offers different types of accounts for investors, primarily focusing on a Demat Account and a Trading Account. The Demat Account is essential for holding securities in an electronic format, while the Trading Account facilitates the buying and selling of these securities. Here are the key details regarding the account types:

Demat Account:

Charges: Rs. 200 for account opening.
Annual Maintenance Charges (AMC): Free.
Depository: CDSL (Central Depository Services Limited).
Types:
Regular Demat Account: For Indian citizens residing in India.
Repatriable Demat Account: For Non-Resident Indians (NRIs) linked to an NRE bank account.
Non-Repatriable Demat Account: For NRIs linked to an NRO bank account.

Trading Account:

Charges: Rs. 400 – Rs. 700 for account opening.
Annual Maintenance Charges (AMC): Free.
Margin Requirement: Rs. 0 – Rs. 199,999.
Brokerage Charges:
Equity Delivery: 0.20% – 0.55%.
Equity Intraday: 0.020% – 0.050%.
Equity Futures: 0.020% – 0.050%.
Equity Options: Rs. 70 – Rs. 100 per lot.

Asit C Mehta Broker Account Opening Process

Opening an account with Asit C Mehta is straightforward. Heres a step-by-step guide:

Visit the Official Website: Go to the Asit C Mehta website and look for the account opening section.
Fill Out the Application Form: Provide necessary personal details such as name, date of birth, address, and contact information.
Choose Account Type: Select the type of account you want to open (Demat, Trading, or both).
Submit Required Documents: Upload documents for identity proof (Aadhaar card, PAN card), address proof, and income proof (bank statement, canceled cheque).
Verification Process: A representative will contact you for further verification, which may include an in-person verification (IVP) or video KYC.
Account Activation: After successful verification, you will receive your account details, including a username and password to access your trading platforms.

This process ensures a secure and efficient way to start your trading journey with Asit C Mehta.