Zipper Trade Demat Account

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If you wish to open the demat account with any broker than have a Zipper Trade Demat Account.

It helps you in getting into the trade.

So before getting into the depth of the demat account, learn about the broker.

Zipper Trade is an online broker that had been formed as a part of R.K. Stockholding Pvt. Ltd. and R.K. Commodities Services Pvt. Ltd. in the year 2016. The latter two companies have been providing their services for more than 20 years now.

Zipper Trade is a low-cost discount broker based in New Delhi. Opening a Zipper Trade demat account is as easy as it is to open demat account with any other registered broker.

Being a member of NSE, BSE, MCX, and other stock exchanges and thus gives the privilege to start trade-in equity, commodity, currency, mutual funds, and many other trading segments.

Zipper Trade Demat Account Review

Zipper Trade provides its broking services online. It is a discount broker and thus, the pricing is much cheaper than the full-service brokers in India.

Being a discount broker, it provides services accordingly. It does not offer research-based services of providing tips to its clients. Nor do they offer quarterly reports of companies, etc.

Having a Zipper Trade demat account can enable you to hold different securities in your account like stocks, mutual funds, etc. A trading account with Zipper Trade would help you to trade in stocks and securities across different segments on different exchanges that operate in India.

The account opening and maintenance rates are nil and other charges of Zipper Trade are also quite competitive and comparable to other discount brokers of the country.

The technology part of Zipper Trade needs some improvement and a basic mobile phone application is a must for any broker in India. The trading platforms also do not have excellent reviews from their clients.

Their customer service is decent. Clients can reach the customer service executives through email, phone calls, etc.

So, if you are looking ahead for the stockbroker to open NSE account then you can consider Zipper Trade. Well, to know more details about the account under this broker, read full information given here.

Zipper Trade Demat Account Opening

Zipper Trade demat account can be opened in pretty much the same way as other brokers’ accounts.

Although the website of Zipper Trade is temporarily not functioning. Nevertheless, the account opening procedure remains more or less the same for all the brokers.

The first step is to procure the account opening form from the broker. The account opening forms are different for only demat account and demat as well as a trading account. The form can be chosen as per one’s preferences.

The next step is to fill the form completely with accurate details and attach all the required documents required for a demat account to it. The documents are mainly of three categories –

1) Proof of identity – Many documents can be used as proof of identity like passport, PAN card, Aadhar card, etc.

2) Proof of address – documents like driver’s license, Aadhar card, electricity bills, etc. are admissible proofs of address of the client.

3) Proof of bank account – The last 6 months’ bank statements can be used as proof of bank account.

Other than these, generally passport photographs of the client along with the canceled cheque are also needed while opening the demat and/or trading account. The canceled cheque should mention the name of the client, bank’s IFSC code, and account number.

All these things need to be submitted to the broker’s registered office.

Also, In-person verification needs to be done for each client as per the regulations in India. So, once all the documents are submitted to the broker, the verification process needs to be completed for the client.

This process can be both online as well as offline. Offline method means a visit from one of the broker’s employees.

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Zipper Trade Demat Account Login

Once all the documents are submitted to the broker along with the account opening form, your account will be opened and activated in a few working days. A unique client id or username is shared with the client along with a password.

Now, the client just needs to have a device like a laptop or mobile phone to gain access to his / her account.

Needless to say, you would need a stable internet connection in order to login to your account.

Zipper Trade Demat Account Charges

To open any demat account, the broker charges certain fees to open the account. Other than this there are Demat account AMC charges.

In the case of Zipper Trade, there are no account opening charges. Thus you can open a demat account free of cost. Also, there is no annual maintenance charges.

To trade with the broker you have to pay the least charges of ₹15 per order or 0.01%, whichever is lower.

Other than this there are transaction charges of ₹325.


Zipper Trade Demat Account Charges
Demat Account Opening Charges	Nil
Trading Account Opening Charges	Nil
AMC Charges	Demat Account: Nil
	Trading Account: Nil
Brokerage Charges	₹15 per order or 0.01% whichever is lower
Transaction Charges	₹325

Zipper Trade Demat Account Closure Form

If you make a choice of closing the Zipper Trade demat account, you shod do it by following a complete formal process. the first step is to get an account closure form from their office or by request on email. The next step is to fill and sign the form.

All the account holders need to sign the account closure form (in case of multiple account holders).

Before you start the closure process, do not forget to check the holdings of your Zipper Trade demat account. If there are any holdings in it, you can transfer them to some other demat account or liquidate your holdings.

Also, you need to make sure to pay off any pending dues of your demat or/and trading account to Zipper Trade.

The account closure process is recommended to save on any charges that need to be paid to the broker as a part of annual maintenance, etc. Some charges are applicable irrespective of the usage or frequency of usage of your account.

Zipper Trade Demat Account Advantages

Having a Zipper Trade Demat account has some advantages. Some of which are being discussed here –

1) The biggest advantage of having a Zipper Trade demat account is its pricing. This is not only about the account opening and maintenance charges that need to be paid on a yearly basis but also about the brokerages they charge from their customers. They are quite competitive.

2) The quality of their customer service is decent and they reach to their clients via many channels.

Zipper Trade Demat Account Disadvantages

Zipper Trade is a new name and having a Zipper Trade demat account has many disadvantages. Let us look at some of them in the section below –

1) It is not a very well known name. Zipper Trade has very little online presence and therefore, the trust factor is missing.

2) Zipper Trade really needs to work on its technology side. They do not even have a mobile phone app for their clients.

3) They do not offer a 3 – in – 1 account which makes the experience of the clients very convenient and good. The banking services are integrated with demat and trading accounts in such accounts.

4) Zipper Trader does not provide services like recommendations for trading and investing or research reports about different companies.

Conclusion

Zipper Trade is a relatively new discount broker in the Indian market. Therefore, it looks like they need to work on building their brand a lot. They also have to improve themselves on the technology front. Their pricing is quite good and attractive to clients.

Before deciding whether to open a Zipper Trade demat account or not, do make sure to get to know more details about various aspects of their accounts and prices, etc. that they charge their clients with. Since their online visibility is very low, the research needs to be done offline too.