Parshwanath Commodity Private Limited - Account Type

Parshwanath Commodity Private Limited offers various types of accounts for traders looking to engage in commodity trading. The primary account types include:

• Trading Member Account (TM): This account type allows individuals to trade on the Multi Commodity Exchange (MCX) and the National Commodity & Derivatives Exchange (NCDEX).
• Demat Account: A demat account is essential for holding securities in electronic form, which is necessary for trading in commodities.
• Margin Account: This account allows traders to borrow funds from the broker to increase their purchasing power, enabling them to trade larger volumes than they could with just their capital.

Each account type is designed to cater to different trading needs and strategies, ensuring that traders have the flexibility to choose what best suits their investment goals.

Parshwanath Commodity Private Limited - Broker Account Opening Process

Opening a broker account with Parshwanath Commodity Private Limited involves several key steps:

• Visit the Website: Go to Parshwanath Commodity to access the account opening section.
• Fill Out the Application Form: Complete the online application form with your personal details, including:
• Name
• Email Address
• Phone Number
• PAN Number
• Address
• Submit KYC Documents: Provide necessary KYC (Know Your Customer) documents, which typically include:
• A government-issued ID (Passport, Aadhar, etc.)
• Proof of Address (Utility bill, Bank statement)
• Verification: After submission, your details and documents will be verified by the broker's team.
• Account Activation: Once verified, your account will be activated, and you will receive your account details via email.
• Fund Your Account: Deposit funds into your new trading account using various payment methods, such as bank transfer or cheque.
• Start Trading: After funding your account, you can begin trading on the MCX and NCDEX platforms.

This streamlined process ensures that traders can quickly set up their accounts and start participating in the commodity markets.