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

ratnakar Account Types Explained

Ratnakar Securities offers a variety of account types tailored to meet the diverse needs of traders and investors. Below is an overview of the available account types, their features, and target user profiles.

1. Standard Account

• Minimum Deposit Requirement: ₹10,000
• Spread/Commission Structure: Variable spreads starting from 0.5%
• Leverage Options: Up to 1:50
• Key Features: Access to all trading instruments, educational resources, and customer support.
• Target User Profile: Beginners and intermediate traders.
• Trading Instruments Available: Equities, commodities, currencies, and mutual funds.

2. ECN Account

• Minimum Deposit Requirement: ₹25,000
• Spread/Commission Structure: Low spreads with a commission of ₹20 per lot.
• Leverage Options: Up to 1:100
• Key Features: Direct market access, faster execution, and lower spreads.
• Target User Profile: Advanced traders and professionals.
• Trading Instruments Available: Forex and commodities.

3. Pro Account

• Minimum Deposit Requirement: ₹50,000
• Spread/Commission Structure: Fixed spreads starting from 0.3% with a commission of ₹15 per lot.
• Leverage Options: Up to 1:200
• Key Features: Tailored services, dedicated account manager, and advanced trading tools.
• Target User Profile: Professional traders and institutional clients.
• Trading Instruments Available: Forex, commodities, and derivatives.

4. Islamic Account

• Minimum Deposit Requirement: ₹10,000
• Spread/Commission Structure: Similar to Standard Account but swap-free.
• Leverage Options: Up to 1:50
• Key Features: No overnight interest charges, compliant with Sharia law.
• Target User Profile: Muslim traders seeking compliant trading options.
• Trading Instruments Available: Equities, commodities, currencies.

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds)
• Spread/Commission Structure: Same as Standard Account.
• Leverage Options: Up to 1:50
• Key Features: Practice trading with virtual funds, access to all trading instruments.
• Target User Profile: Beginners wanting to practice trading strategies.
• Trading Instruments Available: All available instruments.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Detailed ratnakar Account Features

Account Features Comparison

Advantages of Each Account Type

• Standard Account:

• Easy to open with a low minimum deposit.

• Suitable for beginners.

• Access to educational resources.

• ECN Account:

• Lower spreads and faster execution.

• Direct market access.

• Ideal for high-frequency traders.

• Pro Account:

• Tailored services with a dedicated account manager.

• Advanced trading tools and analytics.

• Higher leverage options.

• Islamic Account:

• Compliant with Sharia law.

• No overnight interest charges.

• Suitable for Muslim traders.

• Demo Account:

• Risk-free environment to practice trading.

• Access to all trading instruments.

• Ideal for testing strategies.

Disadvantages of Each Account Type

• Standard Account:

• Limited features compared to Pro and ECN accounts.

• Higher spreads than ECN accounts.

• ECN Account:

• Higher minimum deposit requirement.

• Commission fees may add to trading costs.

• Pro Account:

• Higher minimum deposit requirement.

• More complex features may overwhelm beginners.

• Islamic Account:

• Limited availability of certain trading instruments.

• May not suit all trading strategies.

• Demo Account:

• No real money involved; may not reflect real market conditions.

• Limited duration for practice.

ratnakar Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Open to residents of India and select countries.
• Prohibited Countries: Specific countries may be restricted due to regulatory compliance (not specified).
• Identity Verification Documents Needed:
• Government-issued ID (Aadhaar, Passport, etc.)
• PAN Card.
• Proof of Residence Requirements:
• Utility bill or bank statement with the applicant's name and address.
• Additional Documentation for Professional Accounts: May require business registration documents.

KYC/AML Compliance Procedures

• Completion of Know Your Customer (KYC) verification.
• Anti-Money Laundering (AML) checks as per regulatory requirements.

Verification Time Frames

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

Step-by-Step ratnakar Account Opening Guide

Registration Process

1. Visit Website and Click Registration: Go to the Ratnakar Securities website and click on the registration link.
2. Personal Information Entry: Fill in personal details such as name, email, and phone number.
3. Choose Account Type: Select the desired account type based on trading needs.
4. Set Trading Preferences: Specify trading preferences and risk appetite.
5. Document Upload: Upload required identity and residence proof documents.
6. Account Verification: Wait for the verification process to complete.
7. Fund Your Account: Deposit the minimum required amount to activate the account.
8. Start Trading: Once approved, begin trading on the platform.

Desktop vs Mobile Registration Differences

• The registration process is similar on both platforms, but mobile registration may have a simplified interface.

Common Registration Issues and Solutions

• Issue: Document upload failures.
• Solution: Ensure documents are clear and in the required format.
• Issue: Delays in verification.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Typically, account approval takes 1-3 business days.

How to Upgrade/Downgrade Account Types

• Contact customer support to request changes in account type, subject to meeting the new account's requirements.

ratnakar Demo Account Guide

Demo Account Features and Benefits

• Allows users to practice trading without financial risk.
• Access to all trading instruments available in live accounts.
• Ideal for testing strategies and familiarizing with the trading platform.

How to Open a Demo Account

• Visit the Ratnakar Securities website and select the demo account option.
• Fill in the required information and submit.

Demo Account Limitations

• Limited duration for use (typically 30 days).
• Virtual funds may not reflect real market conditions.

Virtual Balance Amount

• Usually provided with a virtual balance of ₹1,000,000 for practice.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money.
• Live accounts have real-time market conditions and trading fees.

Duration/Expiry of Demo Accounts

• Demo accounts typically expire after 30 days of inactivity.

ratnakar Islamic Account Details

Swap-Free/Islamic Account Availability

• Ratnakar Securities offers Islamic accounts that comply with Sharia law.

Eligibility Requirements

• Must be a Muslim trader seeking a compliant trading option.

Differences from Standard Accounts

• Islamic accounts do not incur overnight interest fees.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process and submit the required documents.

Restrictions or Special Conditions

• Islamic accounts may have limited trading instruments compared to standard accounts.

FAQs – ratnakar Account Types & Opening

1. What account types does ratnakar offer？

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

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

• Standard: ₹10,000, ECN: ₹25,000, Pro: ₹50,000, Islamic: ₹10,000, Demo: N/A.

1. How long does ratnakar account verification take？

• Verification typically takes 1-3 business days.

1. Does ratnakar offer demo accounts？

• Yes, ratnakar offers demo accounts for practice trading.

1. Can I have multiple account types with ratnakar？

• Yes, you can open multiple account types as per your trading needs.

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

• Yes, ratnakar offers Islamic accounts compliant with Sharia law.

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

• Government-issued ID, PAN Card, and proof of residence.

1. Can I change my account type after registration？

• Yes, you can request to change your account type through customer support.