Profitmart Demat Account Opening Charges and Details
ProfitMart Track Record Of Best Online Stock Broker In India
Profitmart Demat Account Opening Charges and Details
Profitmart Securities Private Limited is a broking house established in 2010. It focuses on improving the customer’s profit with its best products, services and technology. It was formerly known as M3Multiple Securities Brokers Private Limited. With Profitmart, the customer can trade in Equity, F&O, Currency and Commodities.
Profitmart is officially a member of the BSE, NSE and Commodity Exchange MCX. The firm is registered as a Depository Participant with CDSL. It is among the fastest expanding broking houses in India. It provides modern and useful trading platforms for free services to its customer base and also provides expert advisory via telegram or WhatsApp. Its offering includes Equity Trading, Commodities, Portfolio Management Services, Mutual Funds, Depository Services and Investment Advisory.
Opening Demat Account with Profitmart
A demat account is the account that holds financial security including debt and equity in the electronic forms. There are the two-depository organizations in the country where the customers can get their demat account opened which are named as National Securities Depository Central and the Central Depository Services Limited.
It is very easy to open a demat account with Profitmart as it is paperless and the whole account opening process can be carried out online. It is one of the best platforms on which you can trust and rely on to open the account in order to avail the advanced trading technology.
Steps to open an account with Profitmart
1. Visit the official website of “Profitmart”.
2. Select the “Open a demat account” option.
3. Fill all the essential details.
4. Upload the scanned copies of all the documents required.
5. Verify the details and sign on the agreement copies.
6. Get your Beneficial Owner Identification Number (BO ID) along with the login credentials .
Profitmart offers attractive brokerage plans, transparent transactions, advanced mobile trading application along with the best expert guidance.
Documents Required to open a Demat Account with Profitmart
To open a demat account with Profitmart, an individual needs to submit a certain set of documents attested with their application forms. The documents that are to be required are listed below:
1. Identity Proof- Driving License, Aadhar Card, Voter ID card, Identity card issued by the state government or its department, etc.
2. Address Proof- Voter Id Card, Ration card, Passport, Telephone/Electricity Bill or Gas bill, Bank account statement or passbook, driving license, flat maintenance bill or flat insurance copy etc.
3. Income Proof- Copy of ITR Acknowledgement, Salary Slip, Bank account statement of last 6 months, etc.
4. Bank Account Proof- Cancelled cheque.
5. Passport size photographs.
6. PAN Card.
The above set of documents are required to open a demat account with Profitmart.
Demat Account Opening Charges
Profitmart charges an amount of Rs.999 that includes AMC charges. It is a one-time charge for opening + Annual Maintenance Charge (AMC).
Benefits of Opening a Demat Account with Profitmart
Profitmart is among the renowned stock broking houses in India. The firm offers several benefits while opening a demat account with it.
The benefits are listed below:
1. It provides the fastest account opening process.
2. It has an attractive brokerage.
3. It provides the highest leverage.
4. It provides the most advanced mobile trading application.
5. It has advanced Algo trading tools.
Frequently Asked Questions
Profitmart provides around 1-2 calls in a month (minimum of 20 calls in a year). However, it is not predetermined every month and it looks at the opportunities ideally when the market offers good value.
Fees once paid are non-cancellable and non-refundable.
The customer can invest with the starting capital of ₹2 to ₹3 lacs for investing in profitmart’s investment calls.
The customer cannot have multiple demat and trading account with a single stock broker.
Profitmart services are not suitable for the investors or traders who consider 1 to 3 years as a very long time for investment or for the people who consider investing as gambling or for a person who is a compulsive trader or investor.
Yes, the normal stock market timings in India are between 9:15 AM to 03:30 PM.
The opening of demat account is very easy as it is a complete paperless and that can be done online. As the demat account does not require any physical documentation. Profitmart is one of the best platforms that you can trust and rely to open a demat account in order to avail advanced trading technology.
Benefits of holding demat account with Profitmart are: • Fastest account opening process. • Attractive brokerage. • Highest leverage. • Advanced mobile trading application. • Advanced Algo trading.
You will receive a WhatsApp message on an email given to Profitmart and an SMS stating that a new investment call has been generated.
You can place trades through us via offline (through the dealer provided to you) or online (By logging into the online products offered by Profitmart).
Profitmart gives a margin ranging from 2X to 20X times.
Yes, As Profitmart suggests to buy a stock it will also suggest to exit the stock either partially or fully based on some events that materially impact its financial performance.
Yes, you can take delivery in selected commodities i.e. Agri, Gold and Silver.
It is an emerging broking house in India that offers various diversified investment options like Equities, Derivatives, Currency, Commodities, IPO, Mutual funds and Real estate.
Profitmart endeavor to provide returns that are significantly higher than overall market returns but cannot guarantee returns as equity returns are lumpy and give attractive returns via other asset classes.
It offers a margin for 3X for Options.
Equity, Commodity and Currency account can be opened with Profitmart.
Traditionally, the indices have been used as information sources. By looking at an index you get to know how the market is faring. The information aspect also figures in myriad applications of stock market indices in economic research.
Once the payment is verified from Profitmart’s bank account, the subscriber will require to complete the KYC and Risk Profile Questionnaire (as mandated by SEBI). Post this verification your account will be active.
Yes, we provide updates on all the stocks suggested by us. Profitmart ensure that there is a regular follow up on the companies tracked by it and which it shares to its subscribers by email.
In order to subscribe to Profitmart services, visit to the products button on the home page that contains all the product and pricing details of its Fundamental Advisory Products, Workshops and Portfolio Advisory Services.