Flattrade Account Opening Review
Flattrade Track Record Of Best Online Stock Broker In India
Flattrade Account Opening, Charges and Procedure
Flattrade Trading Corporation is a Chennai-based discount stock broking company. It was incorporated in 2004. It is one of the fastest growing financial brokers. It is an expert in providing the least brokerage to its customers. It provides a robust customer support operation to its customers with extremely competitive prices. It helps in dynamic trading by providing innovative brokerage solutions to the customers. It also provides the online Investment platform for Wealth Management through Mutual Funds to the individuals and corporate and exemplary customer services at extremely competitive prices.
It is holding a membership of popular exchanges like NSE, BSE and MCX. The firm is growing steadily for the past few years. The name of Flattrade Trading has emerged steadily in the past few years as it provides consistent analytical, hassle-free work in the comprehensive stock market of India.
It was established by Mr. K. Narayan Moorthy who is a highly experienced and well-known spot bullion trader. Flattrade trading focus on providing free trading services for the investors across the country by the superior trading platforms and affordable pricing models. It has two legal entities under its brand with Flattrade Trading Corporation for Commodities and Equities, Derivatives and Currency Trading.
Documents Required to open an Account with Flattrade Trading
A certain set of documents is required to open a demat account with Flattrade Trading. The documents require are listed below:
1. Aadhar Card.
2. PAN Card.
3. Address proof (Driving license, Ration card/ Aadhar card/ Latest telephone bill/ Latest electricity bill).
4. Passport size photograph.
5. Bank account statement of last 6 months.
6. Cancelled cheque with name printed on it.
Account Opening Procedure
Flattrade Trading avails its customers with the trading and demat account facility. The account has lots of benefits attached with it. It has an abundance of speculation decisions and affiliations that the firm provides to its clients.
Flattrade Account provides the access to all kinds of investment. The customers have choices to put and diversify savings into the different asset classes as per their choice.
Steps to open a demat account with Flattrade Trading
1. Visit the official website of Flattrade Trading and click over the “Open Account”. Fill the account opening form.
2. The flattrade trading team will give a call back to the customer and then will further help you to complete the KYC forms from the official website of flattrade trading website.
3. The investors need to carry their Aadhar Card, PAN Card and Bank details of themselves in order to open the contracts and account under Flattrade Trading.
4. Upload the scanned copies of all the documents.
5. Once the verification process gets over, then the login credentials are shared to the customer that can deal in stocks and other funds.
Account Opening Charges
One-time Account Opening
₹250 + GST
Demat Account opening Charge
PoA for Demat account opening
₹175/- one time
Benefits of Opening Account with Flattrade
1. There is no account opening and maintenance charges.
2. It has a strong hold in the southern part of India.
3. Even if the broker is discount stock broker, it holds its offline existence.
4. It has an excellent and decent customer service.
The Flattrade Trading grows at a very fast rate as compared to other discount broking houses. It is very good for the experienced traders as it provides various excellent advisory services.
Frequently Asked Questions
No, there are no AMC charges of the Flattrade Trading and demat account.
The superior trading platforms and affordable pricing models are the unique factor of Flattrade Traders.
The customer can place many orders in Flattrade such as Market Orders, Limit Orders, Stop Loss Orders, After Market Orders (AMO), etc.
They offer the stock broking services as they can have any of account types that they offer like Depository Participant (Demat Account), Commodity Trading, Equity Trading, Derivatives Trading, Currency Trading and Mutual Funds.
The stock broker was founded in 2004 and the company is held privately and is led by Mr. K. Narayana Moorthy. He is a highly experienced and well-known spot bullion trader.
Yes, Flattrade allows the dematerialization.
The Flattrade trader has two legal entities under its brand with Flattrade Trading Corporation. It renders services for Commodities trading, and Flattrade Capital Service Private limited.
The brokerage charged for Intraday and Delivery is ₹10 per order.
The communication channel by which the stock broker reach out to its customers are through call, offline branches, Email and Web-form. The customers need to contact the stock broker between 8 AM to 8 PM i.e. during their office hours.
It offers stock broking services in Commodity, Equity, Derivatives, Currency and Mutual Funds.
The customer will get the exposure for trading within 3 to 4 minutes of fund transfer from the account. It is an automated process and no manual intervention is required.
It makes transactions secure by sending the information about the account activities on the phone directly from the exchange.
They have six branches which are located in Chennai, Bengaluru, Telangana, Cochin, Madurai and Jabalpur.
You can do this simply by accessing the order page (on trading terminal) where you have the option to cancel or modify order.
The office of Flattrade trade opens from 8 AM to 8 PM from Monday to Friday, 8 AM to 5 PM on Saturdays and remains closed on the Sunday.
Since Mutual funds investments are subject to the market risks. There is no guaranteed or assured rate of return.
No, you are not required to issue cheques by the investors while subscribing to IPO. Customer need to write their bank account number and sign in the application form in order to verify the bank account to make transactions.
Yes, Flattrade traders provide investors with infrastructure, facilities and services that are complicated for them to achieve their short- and long-term business objectives.
They offer the dedicated relationship manager for the trading and wealth management, dealer terminal at the office or premises, reliable support and management processes, online product or investor terminal to partner’s clients at no additional cost.
Yes, the transactions are secure as Flattrade make transactions secure by sending the information about the account activities on your phones directly.
Zero or no initial margin amount is required to start trading with Flattrade.
It has a registered office location at “Kochar technology Park”, 6th Floor, SP 31- A, 1st Cross Road, Ambattur Industrial Estate, Ambattur, Chennai.
Yes, Flattrade traders provide brokerage calculator for its customers so that they can determine the profits easily.