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Tradebulls Demat Account
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Curious to know about the Tradebulls Demat Account! You are at the right place, grab the complete information here.
Tradebulls Securities Private Limited is a financial company in India which began its operations in the year 2009.
It offers services like full-service brokerage services, wealth management, advisory services in fields like equity trading, commodity trading, currency trading, etc.
A Tradebulls demat account can be opened if you decide to have an account with them.
Tradebulls Demat Account Review
Tradebulls Securities Pvt Limited is a full-service broker operating in India which provides a wide range of services like DP services, advisory services, etc.
For the same reason, the charges of Tradebulls are more than the discount brokers present in India.
Tradebulls is an average broker in terms of its services. Opening a Tradebulls demat account is easy and can be done once you decide to open an account with them.
Tradebulls provides the facility of 2 – in – 1 account in which they provide a demat account as well as a trading account.
A demat account is for holding securities and financial instruments like mutual funds, bonds, etc. On the other hand, a trading account is for the trading of these securities.
Generally, it is a good idea to open both these accounts together.
The process of opening a Tradebulls demat account is simple and needs some very basic documents like an Aadhar card, voter id, driving license, bank statements, etc.
The charges for opening a demat account with them are nil but an annual maintenance fee needs to be given. It is a little higher in comparison with other brokers.
In terms of customer services like resolving queries of the clients, there have been some below-average reviews in the past. There have been some issues in their trading app as well as per some customer complaints.
There are many advantages as well as disadvantages of opening a Tradebulls demat account which has been discussed later in the article.
One should go through all of them and then decide whether to open an account with them or not.
Tradebulls Demat Account Opening
With Tradebulls, one can open a demat as well as a trading account.
A demat account is for holding the stocks of different companies as well as mutual funds and a trading account is maintained for trading in the stocks on stock exchanges.
In order to be able to open a demat account, one needs to be above 18 years of age.
The process of opening a Tradebulls demat account is quite simple and you can do it either offline or online.
Online Process of Opening Tradebulls Demat Account
You just need to go to the website of Tradebulls and click on “Open an Account”.
It will require you to give your phone number. Once the number is entered on the screen, an OTP (one-time-password) will be sent to the registered mobile number.
After this, another page will be opened on which you will have to fill your basic details like complete name, email id, and password.
Then, you need to fill the DP form after procuring it from their website or any of their nearest offices.
While filling out all the details required in this form, you would be required to sign at different places.
It is highly recommended that you acquire all the knowledge about the terms of the Tradebulls demat account including all the charges levied by them.
After this, you need to have some basic documents required for Demat Account like PAN card, Aadhar card, etc. handy in order to complete the whole process of opening the Tradebulls demat account.
You will be required to fill your personal details along with the bank details, your payment details, different proofs for date of birth, address, etc.
After the completion of the steps mentioned above, the online Tradebulls demat account will be opened. After you are done with the in-person verification (IPV), you can actually start operating and managing your Tradebulls demat account.
Offline Process of Opening Tradebulls Demat Account
As the name suggests, this process involves getting the DP form from one of the branches of Tradebulls. The rest of the process remains almost the same.
The DP form must be filled completely and submitted to the nearest branch of Tradebulls along with the copies of all the documents mentioned above.
In case you have any issues or queries regarding the forms, you may be able to get the required help from the representatives present at the branch of Tradebulls.
Wish to open a Demat Account
Tradebulls Demat Account Login
You can log in to your Tradebulls demat account from any of your devices like laptops, mobile phones, computers, etc. and start using the services provided by this broker with the help of your online account.
What goes without saying is that you need to remember your username as well as the password to your account.
However, you can update or reset your password after login with the credentials provided by the broker.
Tradebulls Demat Account Charges
The Demat Account Charges of Tradebulls depends on the margin money deposited by the user. Since the margin money varies from 0 to 3 lakh rupees, one who deposits the higher-margin money can avail relaxation from paying the account opening fees.
In general, the broker charges the nominal account opening fees equal to ₹299. Other than this, there is AMC charges equals to ₹300.
Here again, the customer can reap advantage by depositing the one time account opening fees equal to ₹1500.
Thus, the broker offers many benefits and options to avail that benefits thus opening the gateway for Demat Account to many potential customers.
Here is the brief on Account Opening Charges
| Tradebulls Demat Account Opening Charges | |
| Demat Account Opening Charges | ₹299 (one time payment) or free |
| AMC charges | ₹300 per annum or free |
| Trading AMC | Nil |
| Margin Required | ₹0 to 3 lakh |
Tradebulls Demat Account Closure Form
If someone wants to discontinue the demat account opened with Tradebulls, it is highly recommended to get the Tradebulls demat account close formally.
The reason is simple, which is that the annual maintenance charges would need to be paid until the account is open.
But first and foremost, you need to make sure that there are no holdings in the account and clear out any negative balance in the demat account. You would need to transfer all your existing holdings to a new or existing DP.
The process of closing the Tradebulls demat account would involve filling out an account closure form by downloading it from their website.
This form would require you to fill all the mandatory details like all the holders of the account with their signature, address of the client, reasons for closing the account, etc.
Once this form is duly filled and submitted, the Tradebulls demat account will be closed after their process is over.
Tradebulls Demat Account Advantages
Tradebulls seems to be a good option for opening a demat account. There are many advantages of having a Tradebulls demat account some of which have been discussed below –
1) Different trading products are available on Tradebulls which can be used by their clients as per their convenience.
2) A wide range of financial segments is covered by Tradebulls.
3) Since it is a full-service broker, having a Tradebulls demat account gives you the facility of other services like advisory services, tips for making buy and sell trades on stock exchanges, etc.
4) The charges levied by Tradebulls are not too high.
Tradebulls Demat Account Disadvantages
There are always two sides to any coin and therefore, let us discuss some of the disadvantages of Tradebulls demat account.
1) The facility of 3 – in – 1 account is not available in Tradebulls unlike some of their competitors. The 3 – in – 1 account means the services of banking, demat account, and trading account in a single account.
2) As per the client feedback, the customer service of Tradebulls has a lot of scope for improvement.
3) Although having a Tradebulls demat account gives you the facility of receiving tips and recommendations to invest, the quality of these cannot be trusted blindly.
Conclusion
Tradebulls Securities Pvt Limited is a full-service broker and you can open a 2 – in – 1 account with them which would mean having a demat along with a trading account at a single place.
The account opening procedure is simple and can be done either online or offline with the help of some documents.
The charges of opening Tradebulls demat account are nil but an annual maintenance charge of Rs. 350 is levied every year for your demat account.
For the same reason, you should definitely close your demat account in case you decide to shift to another DP or already have an existing one.
The account closing procedure involves filling out an account closure form and some basic formalities.
There are different pros and cons of opening a Tradebulls demat account and one should study them carefully while deciding to open their account with them.
The pros are of different trading products and financial segments with not too high costs involved. The cons consist of not up to the mark customer service, etc.
The features provided by Tradebulls should match with your expectations from a demat account. Overall, it has an average standing among the full-service brokers.
Frequently Asked Questions
1) Is the process of having a Tradebulls demat account completely free of cost?
Well, the opening of Tradebulls demat account is certainly free of cost but maintaining that account would require a fee called annual maintenance charges of Rs. 350 for every year.
2) Is it necessary to open demat and trading account with Tradebulls together?
Yes, Tradebulls offers the service of 2 – in – 1 account which means that you can have a demat as well as a trading account in a single account with just one process to complete for both of them.
If you want to know more, feel free to contact us
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