Tradeplus Demat Account

Tradeplus Demat Account comes up with its own features and benefits.

Dive in to grab the maximum details and process of opening the account with the firm.

Tradeplus Online is an award-winning depository participant that offers its services to a wide range of clients ranging from resident Indians to overseas corporate bodies.

By opening a Tradeplus demat account, you can invest in equity, commodity, currency, mutual funds, bonds, exchange-traded funds, IPOs, etc. With the help of a trading account, Tradeplus offers services of trading in stocks, commodities, and currency over different exchanges (BSE, NSE, MCX) in India.

Tradeplus Demat Account Review

Tradeplus is an average discount broker that caters to a wide range of clients and provides different kinds of services to them as per their needs and requirements. Tradeplus demat account is for holding investments in stocks, bonds, mutual funds, etc.

On the other hand, the Tradeplus trading account which can be opened easily along with the demat account with no additional hassles provides the facility of trading in stocks, commodities, and currencies.

The account opening process has been simplified a lot by allowing online payments for the opening of accounts as well as annual maintenance. There is also an option of getting a discount with the help of online coupons available on their website.

The whole process can be completed in a matter of a few minutes if you have some basic documents ready to be uploaded.

They claim to provide one of the best brokerage plans to their clients. In terms of pricing of opening demat accounts and trading accounts with them, they are one of the cheapest in the industry.

In terms of customer service, they are above average when compared to other brokers. They provide their customer service through different channels like phone calls, email, web support, etc. 

The mobile phone app of Tradeplus is above average and has been rated as a good app by its users. The trading platforms of Tradeplus are also satisfactory and have got good reviews from the clients. In terms of exposure they provide, it is quite decent.

Overall, it is a good broker and customer satisfaction seems to be good.

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Tradeplus Demat Account Opening

Tradeplus demat account can be opened by all the categories comprising of resident individuals, non-resident Indians, foreign nationals, Hindu Undivided Families, partnership firms, and even overseas corporate bodies. Tradeplus demat account can be opened at an extremely fast pace online. 

You can get to know how to open your Tradeplus demat account in many ways. The first one is to call at the number mentioned on their website specifically for the purpose of instant account opening.

Their executive will take you through the complete process of account opening in a step by step way.

The online process of opening a Tradeplus demat account is simple. You just need to go to their website and click on “Free Demat”.

It will direct you to a page where you need to fill in some basic details like your name, phone number, and email address.

After the registration process, you will have to fill the account opening form. The documents that you would need to upload a document for demat account like identity proof like PAN card, Aadhar card, income proof documents.

You would also need a canceled cheque. You would need to upload your photo too.

After this, the payment option will appear through which you can make the required payment for account opening as well as annual maintenance charges using your debit or credit card or net banking or UPI or e-wallets.

Once this is complete, a relationship manager would be assigned to you who would help you in completing the online KYC and e – signing your form. After this, the application process from your end is complete and your account will be opened shortly.

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Willing to open a Demat Account

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Tradeplus Demat Account Login

Once the account opening process is complete, a username or client id would be shared with you along with a password for your account. 

Apart from accessing your account, you can use the same login credentials for the BackOffice and trading apps of the broker.

Also, you can reset your password after logging in for the first time with the given credentials.

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Tradeplus Demat Account Charges

Like other discount brokers, there are not only account opening charges for opening the Tradeplus Demat Account.

Thus you can have your Tradeplus demat account free of cost.

However, there are charges for the maintenance of the account that need to be paid every year. These charges are known as annual maintenance charges or AMC. If you are a resident Indian, there are three options of paying the AMC in Tradeplus demat account –

1) Rs. 200 an be paid every year. These charges will need to be paid from the second year onwards as the first year AMC is waived off.

2) If you are sure about keeping the demat account for at least 5 years, then, you can pay Rs. 500 only one time.

3) In case you are sure about keeping the Tradeplus demat account for more than 10 years, then, a one-time payment of Rs. 900 can be done for 10 years.

In the case of NRI demat accounts, an AMC of Rs. 2500 can be paid only one time for 10 years.

Tradeplus is one of the very few brokers which allows online payment of the account opening fee instead of cheques. Also, you can buy an account opening coupon online by going to their website. You can even get a discount on the account opening fee if you fit the eligibility criteria for it.

This can be understood by calling their business executive at the number mentioned on their website.

Grab the complete details of the Demat Account and other related charges in the table below:

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Tradeplus Demat Account Closure Form

When you are not using your account, it is good to close your demat account.

In case you have decided to go with some other broker, you should formally close your Tradeplus demat account by following the simple steps of the account closure process.

Before applying for the account closure process it is good to get a few important things done. 

• The first step is to make sure that there are no pending payments that need to be made in your account. If yes, then, make the required payments first.
• The second thing to check is if there are any holdings in your Tradeplus demat account. If yes, these holdings either need to be transferred to another DP or sold off. 

After making sure that the above things are taken care of, you can request an account closure form from their office by calling them. You need to fill the form completely and sign it.

In case the account has more than a holder, all the account holders need to sign the account closure form. After this, the form needs to be submitted to their office, following which your account will be closed within 7 working days.

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Tradeplus Demat Account Advantages

There are many advantages to having a Tradeplus demat account. Some of them have been discussed below –

1. Tradeplus is a well known and trusted brand and its services are well recognized by many awards like the NSDL Star Performer award.

2. Tradeplus demat account can be used for investments in stocks, mutual funds, bonds, initial public offerings, etc.

3. The pricing of the Tradeplus demat account is good for its clients and has one of the lowest annual maintenance charges in the industry.

4. Tradeplus provides good quality customer care service as compared to some other brokers.

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Tradeplus Demat Account Disadvantages

Just like every other broker, the Tradeplus demat account also has some disadvantages. They have been listed here –

1. Their research SMS service is paid in nature and they do not provide free stock recommendations.

2. They do not have the facility of a 3 – in – 1 account which means that banking services are not included in their combination of a demat and trading account. 3 – in – 1 account is more convenient for their clients.

3. Tradeplus does not provide any detailed research reports about stocks and other investment methods to its clients.

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Conclusion

Tradeplus is an above-average broker with a wide range of low-cost services being offered to different kinds of customers like retail, NRIs, corporate bodies, etc. The pricing of their services and products is quite attractive to the clients and their trading platforms also provide an overall good experience for their customers. 

Before deciding whether to open a Tradeplus demat account or not, one should go through the pros and cons of this account thoroughly. They have been discussed at length in the article above. These should be compared with your own expectations from a broker. 

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Frequently Asked Questions

1. How long will it take to open a demat and zero brokerage account with Tradeplus?

If you have the required documents handy, the total process can be done within 15 minutes or so. And the trading can start within 1 day.

2. What are the charges for availing call and trade facility in Tradeplus?

Tradeplus allows placing of any number of orders in a day for a flat fee of Rs. 75 plus taxes.

3. Does Tradeplus offer the facility of margin against stocks kept as collateral?

Yes, this facility is provided by Tradeplus after enabling your account for MTF (Margin Trade Funding).

4. Can one avail the facility of a trading account with Tradeplus without first opening a demat account?

Yes, trading can be done with a trading account with Tradeplus. It can be opened easily even without having a demat account with them.

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