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Choice Broking Account Opening Charges
| | Demat Account | No Comments
In the vast ocean of full-service stockbrokers, Choice Broking stands out with its minimal brokerage charges and user-centric approach. If you are willing to gain trading experience with the broker then here is the complete detail of Choice Broking account opening charges.
Now when opening an account with the broker, one needs to consider the following charges:
So, let’s begin with the detail of charges for the Choice Broking demat account.
Choice Broking Demat Account Opening Charges
There are a lot of stockbrokers in the industry who charge some account opening charges. Consider this as a one-time subscription fee.
But the question here is, does Choice Broking charge anything for the account opening. And if yes, then how much?
Choice Broking demat account opening is completely free.
So along with the fast, convenient, and simple account opening process you can reap the benefit of opening the account without paying any fees. It is like an added advantage for the traders as with great features they also get free account opening.
| Choice Broking Account Opening Charges | |
| Account Opening Charges | Nil |
Choice Broking AMC Charges
Apart from the account opening, there are some maintenance charges as well. Just like when you live at a property, you have to pay some monthly/annual maintenance charges , similarly, for the maintenance of your demat account, your stockbroker also levies some account maintenance charges.
The AMC or the account maintenance charges of Choice Broking are dependent on the plan that you opt for.
In general, the AMC charges are ₹200 from the second year onwards.
Other than this there are some specific plans. These plans depend upon the amount you pay as the AMC charges.
For example, paying ₹1500 waives off the AMC charges for a lifetime. Also, the broker offers you another plan where you can enjoy the benefit of zero AMC by paying the one-time refundable fees of ₹3000.
All these charges are levied from the second year onwards.
| Choice Broking AMC Charges | |
| First year | Free |
| Second Year Onwards | ₹200+GST (yearly plan) |
| ₹1500+GST (Lifetime) | |
| ₹3000+GST (Refundable,this AMC is refunded to the trader once he/she decides to close their account) |
If a trader has not opted for any of the above-mentioned plans, then the basic, i.e ₹200 is deducted at the end of the year (second year onwards).
Conclusion
Choice Broking being a full-service broker allows a trader to enjoy the benefits of zero account opening charges and also fewer AMC charges. The best part is that the AMC charges also come in different plans.
So, now that you are aware of the Choice Broking Account Opening charges, open your demat account today!
After experiencing its services, you can further reap more benefits with the broker with Choice Broking refer and earn. The broker comes up with the referral program for both referee and referral.
Now trade at the minimum cost by opening a demat account online for FREE!
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