As a newbie or experienced one, no one would like to miss an opportunity of trading with Paytm Money, the broker offering marvelous trading facilities. Right? But what’s important is to know the Paytm Money demat accountcharges.
So let’s dive in and learn what are some of the charges imposed by the broker to activate the trading services.
Here the broker allows you to trade in the equity segment, so if you are a beginner or specifically want to trade at the minimal cost then opening an account with Paytm Money proves to be beneficial.
Wondering why?
Well! there are many reasons, but above all the broker allows you to trade by offering you the demat account at zero cost thus you can open the account for FREE.
Paytm Money Demat Account Charges
Demat Account Opening Charges
Nil
Many newbies get attracted with zero account opening fees.
Are you the one among them?
If yes! then it is important for you to understand that the account opening fees are one-time payments. What’s more important is to know how the broker provides you the trading benefits.
As Paytm Money offers Zero Opening Charges, this attracts more and more investors as people want to invest less in brokerages.
Now here the broker attracts more as it does not impose any AMC fees on the demat account.
Paytm Money AMC Charges
Account Maintenance Charges
Nil
But what most of the investors and traders don’t know is that the broker imposes the annual fees in the form of annual platform fees.
So, here although there is zero AMC you need to pay the fees of ₹300 for using the trading platform.
No doubt it’s a boon for newbies who are new to trading or want to learn but those who are thinking of staying for a longer time must compare services and reap the benefit of trade with the broker.
Conclusion
As for now, the concept of Paytm Money demat account must have been cleared that Paytm Money charges Rs.0 for both whether it is for account opening or for maintaining of account, but later on, maybe they start putting charges on both account opening or on AMC.
It’s very important to know about the charges charged by brokers before applying. If you are stepping into the trading sector for the first time then yes, initiating your trading journey with the broker can help you.
Adding more, as with development and its growing buzz in the market Paytm Money is evolving itself according to customers’ needs and things they are expecting and is trying to give a transparent experience regarding its charges and features.
So what are you waiting for, fill the basic details in the form below and open a demat account online for FREE!
