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Progressive Share Brokers Demat Account Review

 
 
 

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Progressive Share Brokers Demat Account Review

Progressive Share Brokers Private Limited, founded in 1996 by managing directors Mr. Anil N. Gaggar and Mahesh N. Gaggar, began its journey in the brokerage sector with NSE membership. Progressive Group has established itself as a dynamic and high-performing broking house by providing a wide variety of financial products, including stock, derivatives, currency derivatives, mutual funds, online IPOs, and commodities derivatives. Progressive, a CDSL depository participant and member of the BSE and NSE, has increased its commodities footprint by joining MCX, NCDEX, and NSEL. Progressive Share Brokers also offers an online trading platform for stock trading and investment. Progressive Share Brokers has expanded from 50 to 11,000 clients in just over a decade by delivering exceptional customer service and cutting-edge infrastructure. Progressive has established a foothold in 30 locations and has over 70 franchisees as it seeks a pan-India footprint.


Progressive Share Brokers Demat Account Opening Charges

Progressive Share Brokers provide demat accounts to hold securities online in electronic format. Progressive Share Brokers demat account opening charges are as follows:

Account TypeCharges
Demat Account Opening Charges₹0
Demat Account AMC ChargesRs. 250 per Year


Required Documents for Opening Demat Account with Progressive Share Brokers

Customers will need the following documents for opening a demat account with Progressive Share Brokers:

1. PAN Card

2. Bank Proof (Cancelled cheque/ Passbook copy)

3. Signature on white paper 

4. Income Proof (Bank Statement/Income Tax Return)

5. Copy of Self Photograph

6. Copy of Aadhaar Card

7. Nominee Proof (Aadhar/PAN/Voter ID/Passport)


Progressive Share Brokers Demat, Remat, and Other Charges Detail

ParticularsCharges
Demat Charges₹10 per request
Remat Charges₹15 per request
Transaction (Debit)min. Rs. 15/- per instruction
Pledge CreationRs. 25/Request or 0.03%
Pledge Creation ConfirmationNil
Pledge ClosureRs. 25/Request or 0.03%
Pledge Closure ConfirmationNil
Pledge InvocationNil
Failed instruction chargesNil


Progressive Share Brokers Customer Care Contact Details

Email: support@progressiveshares.com

Phone: 022-4077-7500


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Frequently Asked Questions

Yes, you can trade in commodities with Progressive Share Brokers.
Yes, you can get real-time market updates with Progressive Share Brokers.
Progressive Share Brokers offers many financial services and products, such as equity, commodity, currency, derivatives, mutual funds, IPOs, loans against shares, mobile trading, internet trading, etc.
Yes, Progressive Share Brokers provides research and analysis tools to investors.
Yes, Progressive charges Rs. 250 per year for AMC.
No, you cannot invest in the international market through Progressive Share Brokers.
No, Progressive Share Brokers does not offer algorithmic trading services.
You can open demat and trading accounts with Progressive Share Brokers by submitting the required documents, such as an Aadhar Card, PAN card, bank account details, etc., for KYC completion.
Yes, the Progressive Share Brokers trading platform can be accessed on multiple devices, such as desktops, laptops, smartphones, etc.
Progressive has a presence in 3 cities across the country.
Yes, Progressive Share Brokers offers IPO investment services.
Progressive Share Brokers brokerage charges for derivatives segments Re. 35 per lot, intraday 0.04%, and delivery 0.35%.
Yes, you can trade in equity, commodity, currency, and derivatives segments with Progressive Share Brokers.