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Pros

Offers a range of financial services including forex, commodities, and mutual funds.
User-friendly trading applications for stock trading and mutual funds.
Positive employee satisfaction metrics, indicating a potentially supportive work environment.

Cons

Lacks proper regulatory oversight, raising concerns about trust and reliability.
Limited information on traditional forex trading conditions and tools.
Reported issues with withdrawal processes, leading to claims of scams and poor customer experiences.

Mindex broker Accounts

Mindex Account Type

Mindex Capital Market offers several types of accounts for investors, including:

  • Demat Account: This is essential for holding securities in electronic form. There are different schemes available:
    • Scheme A: ₹200 per annum for individuals.
    • Scheme B: Lifetime fee of ₹999 for individuals.
    • Scheme C: ₹750 per annum for corporates.
    • Scheme D: BSDA account with no AMC if the holding value is less than ₹50,000, ₹100 if between ₹50,001 and ₹200,000, and full AMC charges if above ₹200,000.
    • Minor Demat Account: Operated by a natural guardian until the minor reaches adulthood. It requires physical documentation for account opening.

    • Brokerage Account: Allows trading in various securities, including equities, derivatives, commodities, and currencies.

    • NRI Account: Designed for Non-Resident Indians to invest in Indian markets.

    • Insurance and Mutual Fund Accounts: For clients interested in insurance products and mutual fund investments.

    • Mindex Broker Account Opening Process

      To open an account with Mindex Capital Market, follow these steps:

      • Collect Required Documents:
        • PAN card (for both minor and guardian if opening a minor account).
        • Address proof (Aadhaar, passport, etc. for both).
        • Bank proof (cheque or bank statement for the minor).
        • Photographs of both the minor and guardian.
        • Complete the Application:
          • Fill in the account opening form. Ensure all signatures are from the guardian for a minor account.
          • Provide dual KYC details: the minor's details on the first page and the guardian's on the second.
          • Submit the Application:
            • Submit the filled application form along with all required documents to the customer service representative.
            • Verification:
              • Once the documents are verified, the account will be created, and you will receive your UCC and other details.
              • Online Features:
                • After account activation, you can enjoy all online features offered by Mindex.

                For more information, you can visit Mindex Capital.

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