JM Financial Demat Account

Opening a Demat Account is the first step of investing in the stock market and what is more challenging is choosing the right stockbroker. Among many stock brokers in the industry, there is one emerging broker, JM Financial offering trading services in different segments. In this article, we will specifically discuss the JM Financial demat account.

Being a full-service stockbroker, it offers various trading services to its clients and thus you can not only trade using its trading app but also get a free access to its research and advisory services.

Now without much delay let’s have a quick review of the demat account in JM Financial.

JM Financial Demat Account Review

With more than 60,000 active clients and a 0% complaint percentage, JM Financial is the emerging stockbroker in the stock market industry. Also, the broker is registered with MCX and NCDEX, the broker offers trading services in equity, commodity, currency, and the provision to invest in IPO as well.

Above all, it offers a seamless way to open an account.

Once you complete the process of demat account opening with JM Financial, the broker provides you access to its mobile trading app, Blink. With the feature to trade in segments, the app provides a seamless way to understand the market, awareness of the market news, etc.

Excited to know more about the process, let’s begin with the understanding of how to open JM Financial demat account.

JM Financial Demat Account Opening

Before beginning and getting into the detail of the account opening process, let’s have a quick look at the documents required for a demat account. 

Here is the list of documents required for verifying the personal details and eKYC process. 

 

Make sure you have the above documents to avoid any hassle or delay in account opening. So, if you have all the above documents handy follow the steps below to register yourself with JM Financial.

• Visit the JM Financial website or fill in the details in the form below:

Enter your Mobile Number, click in the check box and click on Open Free Account Option.

• You will receive an OTP via SMS on your mobile phone, enter that OTP in the given space.
• Then you have to verify your email, by entering the email and the OTP which will come to that email.
• Submit your PAN card details and your Date of Birth and click on the Submit option.
• Now you have to upload your Proof of identity, proof of address, and Bank details by uploading the scanned copy of the documents.
• The last step involves e-sign and in-Person verification where you have to enter your Aadhar number and OTP received on your mobile number.
• For in-person verification, you have to upload a short video.
• Once your document will be verified by the JM Financial team, your login credential will be sent to you via your given email.

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JM Financial Demat Account Charges

The next important aspect is to consider the fees for the demat account. Wondering, does the demat account have charges?

Well, there is but it is different from the brokerage charges charged by a stockbroker. In general, the demat account charges include the opening charges and the account maintenance charges.

JM Financial Demat Account Opening Charges

Opening charges are the fees that are levied for registration or activation of the account. Now, when it comes to JM Financial, like many other stockbrokers it does not charge any account opening fees from its clients.

Thus, you can reap the benefit of a free demat account opening with the broker.

JM Financial AMC Charges

Other than the account opening fees are the AMC charges. Now, these charges are charged to maintain the demat account and to ensure the security of holdings in the demat account.

Generally, these charges are charged on the annual basis, and here in the case of JM Financial, these charges are imposed from the second year onwards. But how much are the AMC charges in JM Financial?

Here is the detail of fees in the table below:

 

These charges are deducted directly from the trading account, so make sure you maintain enough balance to avoid any kind of penalty.

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JM Financial Demat Account Login

Once you successfully open a demat account with the broker, the broker sends you the confirmation over email along with your User ID and password. You can use those credentials to log in to the Blinktrade app provided by the broker.

Here few things one must consider is to reset the password to make their demat account extra secured.

Other than this, it is advisable not to share your login credentials with anyone to avoid any kind of fraud or losses.

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Advantages of JM Financial Demat Account

JM Financial has many services to offer to its clients. So let’s have a look at some of the advantages associated with the opening of demat account. 

• Free account opening. 
• No AMC for the first year.
• Flat fees for options trading.
• Minimal brokerage charges.
• Free research and advisory services.
• Quick and easy process of account opening.

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Disadvantages of JM Financial Demat Account

No doubt the broker offers many benefits and advantages to its client, but in the highly competitive industry, there are a few things where broker fails to meet the client’s requirements. 

• The trading app is not tech-savvy.
• There are some technical glitches in the app that arises while placing multiple trades.
• The customer support system is slow and the client has to wait for days to get the solution to their problem. .

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Conclusion 

JM Financial is an experienced and one of the leading full-service brokers, it serves its clients with diverse services like stock broking, investment banking, NBFC, etc. It is registered as a depository with CDSL.

It provides its investor client advice related to the investment in the market. So you can take advantage of these incredible services by joining hands with JM Financial.

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Want to begin your investment journey in the stock market? Get in touch with us now and we will assist you in opening a demat account online for FREE!