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Compositedge Open Account | Account Opening Process Review

1,452 Clients

Compositedge Account Opening Charges 2020

Transaction	Charges
Compositedge Trading Account Opening Charges	₹500
Compositedge Account AMC Charges	NIL
Compositedge Demat Account Opening Charges	₹100
Compositedge Demat AMC Charges	₹300

Compositedge is a Bangalore based discount broker offering flat-fee brokerage services. Composite Edge offers online equity and commodity trading option for investors. It provides a technologically advanced platform to stay connected with the market all the time and execute orders from the cloud-based systems. The Compositedge open forum is available to provide Indian financial market information in real-time. Users can log in and participate in online chat and connect with other clients and experts available on the domain

Facts about Composite Edge (Till Nov 2019)

When was Compositedge started? In 1995
How many customers does Composite Edge have? Over 1452 clients
How many branches Compositedge have? 1 branch (more focus on online presence)
What are the exchanges supported by Compositedge? BSE, NSE, MCX, NCDEX, MSE

Commonly asked questions before opening an account with Compositedge

Is Composiedge safe?

Yes, trading with Compositedge is as safe as trading with any other broker in India. Compositedge is regulated by SEBI which forms rules and regulations to monitor brokers in India.

Do I have to maintain a minimum balance in Compositedge trading account?

No Compositedge doesn't ask for any minimum balance requirement for a trading account.

How much brokerage is charged for trading with Compositedge?

The broker charges Rs 15 or 0.006% of total turnover per executed order for all segments except equity delivery (Rs 15 or 0.06% of turnover).

Does Compositedge charge a fixed monthly fee?

No, Compositedge doesn't charge a monthly fee from customers.

Can you trade across commodities at Compositedge platform?

Yes, you can trade commodities at Compositedge investment platform.

Does Compositedge charge for accessing trading platforms?

No, Compositedge doesn't charge for trading platforms.

Why Compositedge charge lower brokerage?

Compositedge doesn't provide additional services like research tips and reports. It majorly deals with online booking services. Plus, it focuses on technologically advanced trading platforms to keep the cost lower.

Compositedge Account Opening

To trade with Compositedge, an investor will need a bank, a trading and a Demat account. Compositedge provides a 2-in-1 account which includes trading and Demat account. If you already have a bank account, you can link it with trading and Demat account. In case you don't have a bank account, you can open it with any Indian bank.

You can also open a trading account with Compositedge and Demat account with other brokers. But, opening both the account with the same broker helps in smooth automatic transitions between the accounts.

How to open an account with Compositedge?

For account opening with Compositedge, download the account opening forms from the website for the following:

Equities- Cash & F&O
Currency Derivatives
Commodity Derivatives

You can also mail to the broker to download account opening forms at your address through courier with no extra cost. Then, follow the below steps:

Fill the form and take a print out
Affix the photographs on trading and Demat account opening form
Sign and Send them to the broker along with self-attested documents through courier

Documents required to open trading/demat account

ID Card- Pan Card/ Aadhaar Card
Address Proof- Passport/ Driving Licence/ Original bills such as electricity, telephone or gas/ bank statement (not older than 6- months)/ Ration card/ Aadhaar card/ Voter's ID
Income Proof- IT returns/ Salary Slip/ D-mat account statement/ bank statement (recent 6-months) attested by bank official/ Net worth certificate
Passport size photograph

Compositedge Account Closure

To close Demat account with Compositedge, download account closure form from the website. Fill the details and send it to the broker along with self-attested PAN copy and unused DIS booklet. In case you have misplaced DIS booklet, you have to attach 'Misplace Form' as well.

Frequently Asked Questions

1. Does Compositedge offer Mutual Funds?

Yes, Compositedge offers an online mutual fund investment platform for all type of investors. They can choose any fund available on the website and transact through the platform free of cost.

Here is the process of starting the online mutual fund investment with Compositedge:

Step 1: Register with the broker

Step 2: Fill out the profile for mutual fund account

Step 3: Fill out the risk profile module by answering the questions

Step 4: Start investing

Step 5: Place orders and track running SIPs through the dashboard

You can also link the account of your family members.

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2. How Compositedge mutual fund platform different than other brokers?

Compositedge uses algo system to shortlist best performing mutual funds in the industry. The broker also provides fund recommendation on the best options available based on the smart parameters. You can choose any mutual fund from available asset management companies on the platform.

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3. Can I open two Compositedge accounts with the same name?

No, A person can open only one trading and/or Demat account with any broker. Although, you can open two trading accounts with different brokers.

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