Fairwealth Demat Account – Find Opening Process, Charges, AMC & more

If you are looking for a company that is efficient in delivering consistent financial advice, then Fairwealth Securities is probably what you should be associated with. You will get a trustworthy companion while you face the challenge of trading shares via the Fairwealth Demat Account.

Fairwealth is, first and foremost, a private limited company, incorporated in the year 2005. Now, with over 14 years of successful operations, they have become a full-service stockbroking institution.

The company founder Dhirender Gaba is an enthusiastic man with a vision to make the company, one of the top Delhi-based stock broking companies, and he has successfully managed to execute it.

Now, if you are considering to become an investor, there are tons of information you should have before you finalize the decision.

However, you can consider the Fairwealth Trading account along with the Demat account as the service is decent and reliable. In this article, we will explore the services and fetch most of the information related to it.

Fairwealth Demat Account

Fairwealth Demat Account comes with some lucrative facilities. So, let us take a look at some of the most significant benefits of opening the account:

• More than 50% of the stock trading companies have either CDSL or NSDL as their Depository participants. However, Fairwealth delivers Demat account services with both CDSL and NSDL.
• Alongside the Demat account, you will also get a Fairwealth Trading account. The best part is, it is free to open with no AMC required every year.
• The KYC verification is quick and easy. So, anybody can process it without any prior knowledge. All you will need is Aadhaar Card, and some simple ID proof, which is subjective to any complications.
• The overall fee structure is well, within the limit if compared with other stock trading companies.
• By creating an account with Fairwealth, you can do much more than just trading stocks. You can associate yourself with Mutual Funds, Insurance, and various other Wealth Management programs.
• Fairwealth is arguably one of the best for stock traders who has limited knowledge in trading. That doesn’t mean if you are an experienced stock trader, you will not be benefited. It is just ideal for newbies who are new to trading shares.

Open Fairwealth Demat Account – Fill up the Form Now!

How to Open Fairwealth Securities Demat Account?

In order to Open Fairwealth Securities Demat Account, you got to own three kinds of accounts – a Savings account, a Demat account, and a Trading account. Now, as Fairwealth is not a banking institution, they will not deal with the Savings account.

But for the Demat and Trading accounts, they have really revolutionized the service. However, they charge Rs.250 for the Demat account, while the Trading account is free to use.

Here are the simple steps to open a Demat account:

1. Click on the button below that says “Open Demat Account”.
2. A Pop-up form will appear, Fill up this form correctly. Once done, click on “Submit.’
3. Then you have to wait till one agent of Fairwealth call you up ask to pay Rs.250 and will provide an EKYC link.
4. You need to fill in details of Aadhaar, PAN, date of birth and Bank details, precisely the Account number and the IFSC, on the form provided in the link.
5. Also, they will ask for the documents to complete the KYC verification. So, you have to scan and upload the Aadhaar card, Pan card, a passport size photo and a cancelled cheque.
6. Typically, it takes a day or two to complete the KYC verification.
7. Once done, the executive will give you a call and then they will send you a welcome email that contains all the login credentials. You can start trading after that.

Check out Demat Account Opening Process of other Brokers

Fairwealth Demat Account Charges

If you compare the Fairwealth Account Opening Charge with other stock trading companies, the price is very reasonable. They charge only Rs.250, which is a one-time payment to open a Demat account.

The Trading account is free to create along with its AMC. The Depository Participants are both CDSL and NDSL, where, you will find that most of the companies accepts only one of the participants.

However, many traders, especially the new ones, have a major objection with the margin money that Fairwealth charges initially. The minimum margin money threshold is Rs.15,000, which is significantly higher than other stock trading companies.

One good thing about the Fairwealth Demat Account Charges is the availability of the Dematerialization of physical shares, for free. More than 50% of companies fail to deliver that.

Fairwealth AMC or Annual Maintenance Charges

There are stock trading companies that charge a fee of Rs.500 as the AMC of the Demat account. However, that is not the case for Fairwealth AMC.

They charge Rs.300 per annum for the AMC of the Demat account. To some people, that might be a bit high; however, to most, it is quite reasonable and of industry standard.

In the case of the AMC of the Fairwealth Trading account, you can be happy as the AMC is waived off. This is significant as most of the companies nowadays have an AMC for the Trading accounts.

Check out Demat Account Opening Charges of other Brokers

Fairwealth Trading Account

As we all know, Trading accounts are essential to perform stock trading. So, either way, you got to own one. Now, there are significant benefits that you can enjoy while you open up a Fairwealth Trading account.

They are as follows:

• accounts are mandatory to buy or sell stock shares. Even if you would like to cancel a trade, you will need a Trading account. Fairwealth adds a bit of assistance with their support team whenever you need help.
• You can also perform Mutual Funds trading with Fairwealth Trading accounts.
• Getting stock trading information is crucial to be a successful trader. So, an account with Fairwealth will help you get information timely, about the recent happenings of stock market.
• The account is free to open. Not only that, there are no AMC, which adds a nice ring to it.

Fairwealth Demat Account – Conclusion

Fairwealth is unquestionably one of the best-emerging stock trading companies in India. Although they are in this business for more than 14 years, they have spearheaded north Indian stock market industries.

So, their Demat and Trading account services are top-notch; and they have indeed delivered it duely. That said, the minimum margin money amount, which is Rs.15,000, is mostly high if we compare that to most of the stock trading companies.

So, other than that, the services provided through Fairwealth Demat Account are excellent and definitely worth your money.

Open Fairwealth Demat Account – Fill up the Form Now!

Find out Demat Account details of other Stock Brokers

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