Modex Securities Demat Account – Find Opening Process, Charges, AMC & moreLast Updated Date: Nov 18, 2022
Here in this article, we will try to dissect the broking house in terms of their opening charges, maintenance charges and all other important aspects which you need to know before you are going to open the Modex Securities Demat account.
Having a Demat and Modex Securities trading account can help you to get a better experience in trading. You will get many benefits and in this article, we will also discuss those advantages.
Modex Securities Demat Account
If you are willing to invest and want to get the facility of updated trading terminals, then you need to open a Demat account. Without this Demat account, it will be not possible for anyone to trade.
The main reason for opening the Modex Securities Demat account is to avoid the paper works and keep the documents safely and in a more secure way. Take a peek into the benefits a demat account contains.
- Your Demat account will help you to get access to their trading terminal. The broking house is providing trading terminals for their clients in order to get a better opportunity in trading. The trading platforms provide information about the market and you can check all the data from anywhere at any time. It makes your trading easier.
- The Demat account helps you to check yours portfolio. With the help of this, you can check your portfolio at any time. You can check all the updates about your transactions, profit, and loss. Also, your transaction can be completed within a short time and you don’t have to wait for a long time to complete your transaction.
- The broking house is famous for providing support to their clients. They help their clients by providing tips and research papers and along with this, your clients can get the facility to analyze the market and then they can take the right decision. The executives will analyze the financial needs of yours and based on this, they will guide you so that you can meet the financial goal.
Open Modex Securities Demat Account – Fill up the Form Now!
How to Open an Modex Securities Demat Account?
Go ahead to Open Modex Securities Demat Account in case you feel satisfied with the services and benefits they provide:
- Hint the button “Open a Demat Account” which is green in colour and tap on it, to fill up a quick pop up form of contact details.
- Details you entered will be used by the customer service executive to get in line with you, for further discussion of the registration process, which stars with him sharing a link of EKYC with you.
- When you open the link shared, you will find a form, which is to be filled in by you and the details requirements are as Aadhaar number, PAN number and date of birth.
- So, the next details requirement will be bank information i.e. the Account number and IFSC code.
- Verification step is the next step, where you need to upload the details of Aadhaar card, PAN card, passport size photo and a Cancelled cheque.
- Now, the next step is to sign the form, suing your Aadhaar card or other alternatives as provided by them.
- Next in line will be a call from the executive of the company, who will fulfil the remaining criteria.
- At last, the information will be disclosed to you via email id and the account will be active in a day.
Modex Securities Demat Account Charges
Modex Securities welcomes all the traders and investors who are interested in trading with this broking house. So, if you are willing to register yourself, then you can open your Demat account with this broking house.
The company provides added benefits through its partnership with CDSL or NSDL. Modex Securities account opening charges are Rs.160 and you have to pay this at the time of registration.
|Modex Securities Demat Account Charges|
|Depository Participant||CDSL & NSDL|
|Account Opening Charges||Rs.160|
|Demat AMC||Rs.160 per Annum|
|Margin Required||Minimum Rs.15,000|
The broking house will also charges you Modex Securities Demat Account charges of minimal amount, in order to maintain your Demat account. You need to pay this for once in a year.
Apart from this, the registered clients are also required to maintain a minimum balance of Rs.15,000 as margin money. A trader needs to deposit this amount in order to continue their trading with this broking house.
Find Account Opening Charges of other Stock Brokers
Modex Securities AMC or Annual Maintenance Charges
Being a substantial intercessor, the broking house is inviting traders to open a Demat or trading account with them. The broking house will ask for a minimal amount to maintain your Demat account which is Rs.160 only and on the other hand, traders don’t require paying anything to maintain their trading account.
However, the Madok securities AMC are quite reasonable and low than the other broking house. The trader needs to pay this money every year to maintain their account.
Modex Securities Trading Account
If you are willing to trade independently, then the most important thing is that you need to have a Demat or trading account.
But, additionally, there are a few reasons for you which you can consider before you are going to open Modex Securities trading account. Some of the main reasons are mentioned below.
- The broking house is providing its support completely for their traders throughout the country. So, if you are facing any trouble related with this trading, then you can get their support to mitigate the issue.
- Dedicated dealer is being offered by the broking house for the traders, in order to provide a seamless trading experience.
- Modex Securities is widely known among the traders for providing extensive support.
Modex Securities Demat Account Conclusion
Towards the conclusion, we found that the broking house will provide the utmost support for their clients in order to help them to get the profit. So, if you are willing to open the Modex Securities Demat account, then it can be beneficial for you.
The opening charges and the maintenance charges are very low and you can get the facility to use the trading terminals. With the help of the trading terminals, traders can get the best opportunity in the market.
Open Modex Securities Demat Account – Fill up the Form Now!
Find Stock Broker Charges of other Broking House
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