Tradingo NRI Account Review 2024 | Opening, Charges, and Services
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Tradingo NRI Account Review
While trading in the stock market, one must keep in mind to choose technical-driven and diverse platform so that you can invest in wide range of financial segments results in enhancement of assets. Tradingo is a famous and trusted brand of the Indian brokerage industry, started its operation in 2016 as a discount broker of India. Tradingo facilitate you to invest in NSE, BSE, MSEI, NCDEX and MCX. Tradingo is the depositary member of both the exchanges CDSL & NSDL and provide the facility to choose between both the exchanges. The resident Indians don’t need to pay single penny to open a demat and trading account with Tradingo. Tradingo has a very wide network as it is present in 500 locations across India.
Tradingo is known for its attractive leverage facility through which you can buy unaffordable shares and trade more in the share market. Tradingo offers many financial services such as investment banking, wealth management, corporate finance & advisory, brokerage & distribution in various segments such as equities, commodities, mutual fund, insurance, structured products, bonds & loans to institutions etc.
Tradingo NRI Account:
To invest in Indian share market through Tradingo, an NRI must have following accounts and certificate.
1. PAN Card
In India, PAN Card is a considered as a mandatory document required to open a demat and trading account. If you already have PAN Card then you don’t need to apply for new PAN Card as it is same for both resident Indians and NRIs. You can easily apply for new PAN card by filling up 49AA Form online through the website of UTIITSL and NSDL.
2. NRI Savings Bank Account
NRE / NRO accounts are savings account required to open with any designated Indian bank as Tradingo only offer 2-in-1 account services i.e. Demat and Trading account. It is mandatory to open a NRI Savings Bank Account and PIS account after that you need to link it with Tradingo NRI Demat and Trading Account.
3. Custodial Account (With Globe Capital Market Ltd) (For F&O trade only)
NRIs needs to open a custodial demat and trading account with Globe Capital Market Ltd (Obtain a CP code) before opening demat and trading account with Tradingo.
4. Tradingo NRI Demat Account
NRI demat account is required to hold your securities, shares and bonds. Key features of Tradingo NRI demat account is as follows:
• Tradingo is a depositary member of CDSL & NSDL.
• Allow to choose between CDSL & NSDL.
• Access from any place around the world.
• Military-level security.
• Facility of credit of dividend & bonus to linked bank account.
• Online management.
• Necessary to link your NRI demat account with your NRI savings bank account.
5. Tradingo NRI Trading Account
Tradingo offers NRI trading account through its membership with NSE and BSE. Key features of Tradingo NRI Trading account are as follows:
• Call and trade facility.
• Real-time market analysis and charting tools.
• Access to research reports.
6. PIS Permission Certificate
PIS permission letter is necessary to trade in Indian stock market, an NRI should have RBI permission letter. Your respective NRI Savings Bank will help you to obtain PIS permission certificate from RBI.
Tradingo NRI Account Charges:
Transaction | Charges |
NRI Account Opening Charges | Rs 300 |
NRI Account AMC | Rs 0 |
Equity Delivery Brokerage | PIS Account : Rs 100/Trade | Non-PIS : Rs 500/Trade |
Equity Future Brokerage | Rs 50 per executed order |
Equity Option Brokerage | Rs 50 per executed order |
Other Charges | Demat Account AMC – Rs 300 |
Documents required to open an NRI account on Tradingo:
An NRI should have following documents to attach with the application form to open a Tradingo NRI account . NRI demat and trading account application form is available in the download section of the official website of Tradingo.
• PAN card (Compulsory).
• Address Proof (Indian & Foreign).
• 1 latest passport size photographs.
• FEMA declaration.
• Copy of passport.
• PIS Permission letter.
• Proof of depositary accounts.
• Trading authorization format on Rs 100 stamp.
• Bank account proof.
• General Power of Attorney.
• Application for allotment of NRI custodial code.
Tradingo NRI Account Opening Process:
After getting NRI Savings Bank Account, Custodial Account with Globe Capital Market Ltd. and PIS permission letter from RBI, you can open NRI Account on Tradingo by following given below steps:
• Open official website of Tradingo
• Open ‘Download’ section.
• Now download ‘NRI Demat & Trading Account Opening Form’ and take a print out.
• Enter all the required details.
• Send the application form along with all the required documents to the registered office of Tradingo.
Tradingo NRI Mutual Fund:
Tradingo provide the facility for NRI investors to invest in various Mutual Fund schemes. The company offers 3000+ MFs on its platform with the facility of online performance tracker and wide range of tools. Tradingo allows you to invest through lumpsum or SIP.
Tradingo NRI Mutual Fund Customer Care Phone No. – 0120 4400755
Tradingo NRI Mutual Fund Email id – sfl_mutualfund@swastika.co.in
Tradingo NRI Trading Software:
Tradingo offers free trading software which is same for resident Indians and NRIs.
• Tradingo Web (Browser-based trading platform)
• Justrade Pro Software (Desktop Trading Software)
• Tradingo Mobile APP (Mobile-based Application)
Tradingo NRI Customer Care:
You can contact Tradingo customer care executive via mobile number and email id.
Tradingo NRI Customer Care Phone no.- +91 9667657700, +91 9667658800
Tradingo NRI Customer Care Email id- helpdesk@gotradingo.com
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