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Composite Edge or Composite Investments Ltd is a discount broking firm offering trading and investment services to the resident as well as non-resident Indians. Composite Edge offers a complete range of investment solutions to NRIs and foreign nationals who are looking to invest in the Indian stock markets.
The company provides various investment options such as equity, mutual fund, IPO (offline), bond and PMS services. Composite Edge also provides ESOPs trading facility to NRIs who want to use the stock option, repatriate proceeds and liquidate stocks.
Composite offers trading platforms 'PROTRADER', an online trading platform and NSE mobile trading app to NRIs to trade online. The broker offers assisted trading to NRIs through a network of designated dealers.
The NRIs are required to provide the PAN card for opening an account with Composite Edge. If you don't have one, the broker also assists in the PAN card account opening.
The company offers Omnesys Technologies back-office tool, which is one of the best software in India. It provides easy navigation, access, and solution to all the accounting related problems.
Composite Edge doesn't offer banking services to investors. NRIs have to open the following accounts with 3rd parties:
Investors must have PAN numbers to be able to trade and invest in India. Composite Edge provides assistance to NRIs in applying for a PAN number. In case you already have a PAN number as resident Indian then you don't need a new one. You can provide your existing PAN number while opening accounts.
NRIs have to open an NRI bank account with other banks. The broker is associated with Axis, HDFC and Kotak Mahindra Bank to provide banking facilities. Composite Edge can help you in opening an account with these banks.
The bank where you have opened the NRI bank account (Axis/Kotak/HDFC) will help in obtaining PIS permission from RBI.
Composite Edge works as a trading member only. The broker doesn't offer stock clearing and settlement service. The NRIs who want to invest in the equity derivatives segment have to open a custodial account and get CP Code with Orbis Financial.
Composite Investments offers a 2-in-1 account for non-resident Indians including NRI trading account and demat account.
It is a dematerialized account to hold the securities in electronic format. NRIs can open NRE or NRO Demat account with Composite Investments for repatriable or non-repatriable benefits.
To know more on NRI Demat Account, read- NRI Demat Account - Online Opening Procedure, Charges, Rules
Trading account is used to place a buy or sell request for equity, F&O, and mutual fund units. NRIs can place orders either through the online trading platform or telephone. The broker offers multiple trading platforms which can be accessed from anywhere and anytime.
Composite Edge offers an online trading experience to NRI investors through trading platforms. After opening NRI Demat and trading account with the broker, you can start trading and investing across the Indian stock market. Here is how you can invest in equity delivery segment:
NRIs have to transfer the funds required to purchase shares from the NRI bank account to PIS account. As the allocation request completes, the bank informs the broker to update the trading account as per the investment limit.
Through the Composite Edge NRI trading platform, investors can place buy or sell requests. As the system receives buy request, it checks the availability of funds in the PIS account to buy shares. If everything is correct, the order is executed on the stock exchange.
As it is a buy order, the NRI bank account is debited with money and the Demat account is credited with shares. For sell orders, the securities will be debited from the demat account and money will be credited to the bank account.
At the end of the day, the broker informs the bank about the buy and sell transactions executed in a day through contract notes. Further, the bank reports RBI regarding all the transactions.
Composite Edge NRI brokerage charges for trading in equity delivery and derivatives segment.
Compositedge NRI brokerage charges for trading in Equity and Equity Derivatives.
| Transaction | Fee |
|---|---|
| NRI Account Opening Charges | ₹1000 |
| NRI Account AMC | |
| Equity Delivery Brokerage | ₹200/- or 0.1% |
| Equity Future Brokerage | ₹200/- or 0.01% |
| Equity Options Brokerage | |
| Other Charges |
Composite Edge offers 3rd-party trading software to NRIs which are:
It is a browser-based trading platform which allows online investment by logging in to www.nowonline.in. NSE Now provides real-time access to market data and a completely reliable and safe trading platform to investors. The NRIs can access order book, trade book, intraday chart, and get a quote through NSE Now platform.
ProTrader is a trading platform developed by PFSOFT. It offers the best combination of analytical functionality and charting.
The investment options available to an NRI at Compositedge.
| Investment Option | Status |
|---|---|
| Stocks | Yes |
| Mutual Funds | Yes |
| IPO | No |
| Others |
Composite Investments account opening process is simple. NRIs can open an account with Composite Edge following the below-mentioned steps:
If IPV is not feasible, authorized documents by the Indian Embassy/ Consulate General/ Magistrate/ any Court/ Local Banker/ Notary public of the country where NRI resides are also permitted to open NRI account.
NRIs have to attach the following documents along with the application form to open trading and Demat account with Compositedge.
| Feature | Status |
|---|---|
| 3-in-1 Account | No |
| Free Research and Tips | |
| Automated Trading | No |
| Other Features |
Composite Investments allows NRIs to invest in the mutual fund. For investing in a mutual fund, KYC is an important exercise. If you have completed KYC once, you are not required to go through it again.
Compositedge NRI Support Desk contact information. Find Compositedge NRI contact number.
| Compositedge NRI Helpline | Number |
|---|---|
| Compositedge NRI Customer Care Number | |
| Compositedge NRI Customer Care Email ID |
Composite Edge offers a 2-in-1 account for NRIs to trade and invest across equity, mutual fund, IPO, bonds, and PMS. The brokerage charges are higher than other discount brokers. It doesn't have its own trading platforms and so is depended on the platform owners for up-gradation and resolving technical issues. Overall, there's not a single key offering or market differentiator from the stock broker to attract NRIs. There are better choices available in the market.
Composite Edge works as a single point of contact for NRIs for multiple services. The broker assists the investors with PAN application, organizes the NRI bank account opening and set-up a PIS account with RBI designated bank. CompositEdge offers NRI trading and Demat accounts for investors to trade and invest in the Indian stock market.
First of all, NRIs must have the CP code to trade and invest in the equity derivatives segment. The broker allows Orbis Financial to open a custodial account for NRIs. The exchange clearing corporation provides custodial participation (CP) code to NRIs with the help of clearing members. While trading or investing in F&O, NRIs have to provide this code in the relevant field.
The transactions in the F&O segment are placed through rupee funds available on a non-repatriable basis.
The broker charges Rs 200 or 0.1% (whichever is lower) in the equity delivery segment and Rs 200 or 0.1% (whichever is lower) in the equity Futures & Options.
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Information on this page was last updated on Sunday, April 19, 2020
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