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Tradingo is an online discount broker backed by Swastika Investment Ltd with a stockbroking experience of more than 29-years. Tradingo offers 2-in-1 account services to its customers that include a Trading and Demat account. Tradingo Demat account is an online account where Tradingo customers can keep their shares, mutual funds, ETF in electronic format.
Trading offers free Demat account opening and charges Rs 250 towards annual maintenance charges (AMC).
Tradingo is a depository participant with both depositories of India - National Securities Depository Ltd (NSDL) and Central Depository Services India Ltd (CDSL). Through its membership with NSDL and CDSL, Tradingo offers the Demat Account and other depository-related services to its customers. Tradingo Demat account helps to invest in shares, IPO, and mutual funds.
Tradingo Demat Account is safe and secure. Similar to all other brokers, Tradingo acts as a facilitator of Depository services. The shares you hold in the Demat account remain with the depository and not with Tradingo.
Key Features of Tradingo Demat Account:
Tradingo Demat account can be opened online or offline by visiting the branch office. The online account opening is instant, convenient and easy.
Steps to open Tradingo Demat account online
Steps to open Tradingo Demat account offline
You can also contact sales. A company representative will connect with you and assist in the end-to-end account opening process.
Following documents are required to open an individual demat account with Tradingo:
You can close your Tradingo Demat account anytime you wish. It is advisable to close the Demat account when not in use, as it attracts maintenance charges.
To close the Tradingo Demat account, you need to submit the account closure form to the nearest Tradingo office. The Tradingo Demat account closure form is available on the Tradingo website under the Downloads section available at the footer of the website.
For a detailed Tradingo Demat account opening and closure process, read Tradingo account opening Process Review.
To open a new Demat account with Tradingo, the customer may have to pay Demat account opening charges. The broker may also charges Annual Maintenance Charges (AMC), a yearly fee to maintain the Demat account.
| Service | Charges |
|---|---|
| Demat Account Opening Fee | Rs 0 |
| Demat Account Annual Charges (AMC) | Rs 250 +GST (From 2nd Year) |
Tradingo Demat Charges
Tradingo trading and demat account opening fees are Rs 0 (Free). Tradingo charges Rs 250 +GST (From 2nd Year) per year demat account AMC. Tradingo demat debit transaction fee of On market: Rs 15 per scrip Off market: 0.03% of₹25 whichever is higher per debit transaction.
| ID | Transaction | Charges |
|---|---|---|
| 1 | Demat Account Opening Charges | Rs 0 (Free) |
| 2 | Transaction Charges (Buy) | On market: Rs 15 per scrip Off market: 0.03% of₹25 whichever is higher |
| 3 | Annual Maintenance Charges (AMC) | Rs 250 + GST - Individual, Rs 750 - Non Individual |
| 4 | Demat + Courier charges | Rs 2 (Min. Rs 10) (Postage charges extra) |
| 5 | Remat | Rs 12 for every 100 securities (Min. Rs 50/-) (CDSL or NSDL charges extra) |
| 6 | Pledge Creation | Rs 25 per security |
| 7 | Pledge Creation Confirmation | Rs 25 per security |
| 8 | Pledge Invocation | Rs 25 per security |
| 9 | Failed Transactions | Rs 20 per instruction |
| 10 | Other Charges | Account Defreezing: Rs 100 Cheque Bounce Charges: Rs 500 per bounced cheque Rejection of Dematerialization Request Form: Rs 25 Client Details Modification: Rs 25 KRA Upload/Download: Rs 50 per request |
Tradingo offers free Demat account opening and charges Rs 250 towards demat account annual maintenance charges (AMC).
Tradingo Demat Charges
They do not charge any Annual Maintenance Charge (AMC) for the first year. From the second year, there is a fee of Rs. 250+GST for maintaining a Demat account. This charge is applicable on an annual basis and is separate from the brokerage charges. The AMC fee is levied for the maintenance and upkeep of the Demat account, which is required for holding securities in electronic form.
Tradingo has depository membership with both the depositories of India - NSDL and CDSL.
Tradingo depository participant details:
Tradingo Demat account can be opened online, offline, or by contacting the sales executive.
To open the account online, fill the online application form, upload the documents and complete the account opening process using the Aadhar linked mobile number.
For offline account opening, download the Tradingo account opening form from the company website and submit the duly filled and signed form to the nearest Tradingo office.
Alternatively, you can also contact sales through the company website. You need to provide your full name, mobile number, and email Id, and a company representative will contact you to take you through the account opening process.
Tradingo Demat Account can be closed by submitting a signed account closure form in paper format.
Steps to close Tradingo Demat account
Before initiating the account closure request, make sure to:
Information on this page was last updated on Thursday, April 4, 2024
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