Swastika Investmart broker Accounts

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

swastika investmart Account Types Explained

Swastika Investmart offers a variety of account types tailored to meet the needs of different traders. Heres a breakdown of the available account types:

1. Standard Account

• Minimum Deposit Requirement: ₹5,000
• Spread/Commission Structure: Variable spreads starting from 0.5%
• Leverage Options: Up to 1:20
• Key Features:
• Access to a wide range of trading instruments
• User-friendly trading platform
• Target User Profile: Beginners and intermediate traders
• Trading Instruments Available: Stocks, Mutual Funds, Commodities, Currencies

2. ECN Account

• Minimum Deposit Requirement: ₹25,000
• Spread/Commission Structure: Low spreads with a commission of ₹20 per lot
• Leverage Options: Up to 1:50
• Key Features:
• Direct market access
• Faster execution speeds
• Target User Profile: Advanced traders and professionals
• Trading Instruments Available: Forex, Commodities, Indices

3. Pro Account

• Minimum Deposit Requirement: ₹1,00,000
• Spread/Commission Structure: Fixed spreads starting from 0.1%
• Leverage Options: Up to 1:100
• Key Features:
• Advanced trading tools and analytics
• Dedicated account manager
• Target User Profile: Professional traders and institutions
• Trading Instruments Available: Forex, Stocks, Commodities, Indices

4. Islamic Account

• Minimum Deposit Requirement: ₹10,000
• Spread/Commission Structure: Similar to Standard Account but swap-free
• Leverage Options: Up to 1:20
• Key Features:
• No interest on overnight positions
• Compliance with Sharia law
• Target User Profile: Muslim traders seeking compliant trading options
• Trading Instruments Available: Stocks, Forex, Commodities

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds)
• Spread/Commission Structure: Same as Standard Account
• Leverage Options: Same as Standard Account
• Key Features:
• Practice trading with virtual funds
• Access to all trading instruments
• Target User Profile: Beginners and those testing strategies
• Trading Instruments Available: All available instruments

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Detailed swastika investmart Account Features

Account Features Comparison

Advantages of Each Account Type

• Standard Account:
• Low minimum deposit
• User-friendly interface
• Access to various instruments
• ECN Account:
• Lower spreads
• Direct market access
• Suitable for high-frequency trading
• Pro Account:
• Advanced trading tools
• Higher leverage
• Personalized support
• Islamic Account:
• Compliance with Sharia law
• No overnight interest
• Demo Account:
• Risk-free trading
• Practice strategies without financial risk

Disadvantages of Each Account Type

• Standard Account:
• Limited advanced features
• Higher spreads compared to ECN
• ECN Account:
• Higher minimum deposit
• Commission fees apply
• Pro Account:
• High minimum deposit
• Complexity may overwhelm beginners
• Islamic Account:
• Limited availability of certain instruments
• Demo Account:
• No real profits
• Limited duration for practice

swastika investmart Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to Indian residents; international clients may face restrictions.
• Prohibited Countries: Specific countries may be restricted based on regulatory compliance.
• Identity Verification Documents Needed:
• PAN Card
• Aadhaar Card or Passport
• Proof of Residence Requirements: Utility bill or bank statement with the current address.
• Additional Documentation for Professional Accounts: Business registration documents and proof of trading experience.

KYC/AML Compliance Procedures

• Complete e-KYC by uploading necessary documents.
• Verification of identity and address through video call or in-person verification.

Verification Time Frames

• Account verification typically takes 1-3 business days after document submission.

Step-by-Step swastika investmart Account Opening Guide

Registration Process

1. Visit Website and Click Registration: Go to the Swastika Investmart website and click on “Open an Account.”
2. Personal Information Entry: Fill in personal details including name, email, and phone number.
3. Choose Account Type: Select the desired account type based on your trading needs.
4. Set Trading Preferences: Indicate your trading preferences and risk tolerance.
5. Document Upload: Upload required identity and address verification documents.
6. Account Verification: Complete the KYC process, which may include a video call.
7. Fund Your Account: Deposit the minimum required amount to activate your account.
8. Start Trading: Once verified and funded, you can begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both platforms, but the mobile app may offer a more streamlined experience.

Common Registration Issues and Solutions

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

Average Account Approval Time

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

How to Upgrade/Downgrade Account Types

• Contact customer support or use the account settings in the trading platform to request changes.

swastika investmart Demo Account Guide

Demo Account Features and Benefits

• Practice trading without financial risk.
• Access to real-time market data and trading tools.
• Ideal for testing strategies and familiarizing with the platform.

How to Open a Demo Account

• Visit the Swastika Investmart website and select the demo account option.
• Fill in the required details and follow the prompts to create your demo account.

Demo Account Limitations

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

Virtual Balance Amount

• The demo account typically comes with a virtual balance of ₹10,00,000.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money.
• Live accounts incur real trading costs and profits/losses.

Duration/Expiry of Demo Accounts

• Demo accounts usually expire after 30 days of inactivity.

swastika investmart Islamic Account Details

Swap-Free/Islamic Account Availability

• Swastika Investmart offers an Islamic account option that is compliant with Sharia law.

Eligibility Requirements

• Must provide documentation confirming the need for an Islamic account.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees on overnight positions.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process or contact customer support for assistance.

Restrictions or Special Conditions

• Islamic accounts may have limitations on certain trading instruments.

FAQs – swastika investmart Account Types & Opening

1. What account types does swastika investmart offer？

• Swastika Investmart offers Standard, ECN, Pro, Islamic, and Demo accounts.

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

• Standard: ₹5,000, ECN: ₹25,000, Pro: ₹1,00,000, Islamic: ₹10,000, Demo: N/A.

1. How long does swastika investmart account verification take？

• Account verification typically takes 1-3 business days.

1. Does swastika investmart offer demo accounts？

• Yes, Swastika Investmart offers demo accounts for practice trading.

1. Can I have multiple account types with swastika investmart？

• Yes, you can open multiple account types based on your trading needs.

1. Does swastika investmart offer Islamic/swap-free accounts？

• Yes, Swastika Investmart provides Islamic accounts that are swap-free.

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

• Required documents include PAN Card, Aadhaar Card or Passport, and proof of residence.

1. Can I change my account type after registration？

• Yes, you can request to upgrade or downgrade your account type through customer support.