What is a Brokerage Account?

Investing in the share market has become the number one financial choice for millennials. The latest generation of our workforce is not just earning and saving money. They are also investing their savings into various growth-centric ways that include shares, bonds, mutual funds, debentures, gold, and many things with the help of a brokerage accounts in India.

Brokerage Account Meaning Definition?

A Brokerage Account is a type of Dematerialized Account where one can trade various securities or assets through a medium or broker in a stock exchange. The dematerialized securities could be equity stocks, bonds, T-Bills, mutual funds, commodities like gold, oil, aluminum, and many other tradable assets on an exchange like the Bombay Stock Exchange or BSE.

A brokerage account is generally linked with a bank account, from which one investor can transfer the required capital for trading assets in the exchange. These transactions are done in seconds in the best brokerage account, allowing you to never miss out on a crucial trade or investment opportunity.

How to Open a Brokerage Account in India?

Opening a brokerage account is easy, and you can always choose ‘Choice’ to become your broker. ‘Choice’ is one of the best brokerage account providers in India. Moreover, opening your account will be effortless.

‘Choice’ offers a paperless process to open your brokerage account in just a few minutes online. You can go to their website, and simply by following just 4 easy steps, your best brokerage account in India will open with ‘Choice.’

Step1: Register Online

You can register yourself at Choice’s website by simply filling out a form with your name, and contact number, choosing the nearest branch name from the list, and clicking on ‘Send OTP.’ An OTP will be sent to your given mobile number for a successful registration.

Step 2: IPV or In-Person Verification

There will be an In-Person Verification of IPV conducted by one of the executives of ‘Choice.’ All you need to do is follow the executive’s instructions on the video call. Before the call, keep your PAN and Aadhar cards handy.

Step 3: Confirmation of Successful Account Opening

Upon a successful IPV, your account will be opened with Choice in just 4 hours. You will get notified by confirmation mail and text message.

Step 4: Courier the POA or Power of Attorney Documentations

Upon confirmation, you will also receive a POA or Power of Attorney file on your email. You need to print it, sign it, attach the required documents, and then courier it to Choice.

If you didn’t opt for a paperless Demat account opening, you might need to furnish your PAN, Aadhar, One Cancelled Cheque, Proof of Income, and Passport Size Photographs. After receiving your documents in-between 24-28 working hours, you will be able to trade with Choice.

Why Should You Choose ‘Choice’?

A brokerage account means, a place where one can trade all their dematerialized assets. There is a large variety of assets available in the stock market, not just stocks. Choice allows you to trade all of them by using just one brokerage account and avoid the headache of maintaining different accounts with different brokers.

In India, ‘Choice’ is one of the best brokerage account services available. For various distinct and competitive reasons, ‘Choice’ is often called the provider of the best brokerage accounts in India. As ‘Choice’ has a lot of features to offer, let us check them one by one and how they will make your trading account one of the best brokerage accounts in India.

Zero Account Opening Fees and Maintenance Charges:

To start trading with ‘Choice,’ you do not need to pay any upfront fee to open your best brokerage account in India. You do not need to pay any yearly or monthly maintenance fees too. And for the first year, you will also get a free Asset Management service from the top executives of ‘Choice.’

Super Low-Cost Brokerage Fees:

Any brokerage house makes money when you trade. It doesn’t matter whether you are selling or buying an asset in the market. You need to pay a commission to your broker. This commission sometimes gets very high and eats into your profits.

But ‘Choice’ offers a flat 0.02% fee for intraday, currency futures, commodities, and futures trade; for every INR 100 of your trade, all you need to pay is INR 0.02 or just 2 paisa. For intraday delivery, you need to pay 20 paisa. You need to pay INR 20 per lot and Commodities INR 50 per lot for options. You can check the detailed brokerage charges breakdown in detail.

This is nothing less than a steal. Other leading brokerage agencies in India who claim to be the providers of best brokerage accounts in India often charge much higher than Choice.

Fast Trade Execution:

No matter what you trade, you want all your trades to get executed in a fraction of seconds, right? ‘Choice’ has their ‘FinX’ trading platform where you can trade faster than anyone on the market. Still, if you are not convinced why ‘Choice’ is the best brokerage account service in India, there’s more.

Platform Independence:

No matter what device you are on, it could be a smartphone, tablet, laptop, or a good old desktop; you can trade anywhere. ‘Choice’ is available for computers as well as mobile devices; you need to download their trading app from the App store or Play store.

Great Learning Opportunity and Free Trading Calls:

‘Choice’ is not just limited to a trading platform. It is also a learning platform. You can learn many new things about the stock market and become a better trader or investor. In this platform, you will grow your money and your knowledge.

Apart from that, ‘Choice’ will provide you free profitable trading calls every day. The market experts of ‘Choice’ will suggest to you which stocks to pick or which stocks to hold and sell for an intraday trade or long term. No other brokerage house in India offers the level of accuracy in trading as ‘Choice.’

Supreme Quality Customer Support:

A brokerage house can only be stated as the best brokerage account service provider in India to provide round-the-clock customer support. ‘Choice’ has various modes of customer support available. You can call or email, but if there is something serious, you can always visit one of their 48 offices in India for further assistance.