iTradeOnline is an online financial service provider. iTradeOnline offer trading at BSE, NSE, MCX, and NCDEX. iTradeOnline also provide services like Demat Account, MF's, Insurance, Corp FD's, Bonds and Investor Advisory services through its parent company Trustline Securities.
Depository Services or Demat Account is one of the key offering from iTradeOnline. The demat account offers a safe, secure and hassle-free investment in Shares, Mutual Funds, IPOs, Bonds, NCDs etc.
iTradeOnline Demat Account is linked with its Trading Account. This 2-in-1 account offers seamless transactions of shares between these two accounts.
iTradeOnline (Trustline Securities Ltd) is the depository participant (DP) of CDSL and NSDL. Note that CDSL and NSDL are only two depository services providers in India. The DP like Trustline Sec open/activate/service the customer demat account.
CDSL is short of Central Depository Services India Limited, and NSDL is short of National Securities Depository Limited.
iTradeOnline Membership Info:
To open a new demat account with iTradeOnline, customer has to pay demat account opening fee. Most share brokers also charge Annual Maintenance Charges (AMC). AMC is yearly fee charged to the customer to maintain the demat account with the broker. Find the iTradeOnline Demat Account Opening Charges and iTradeOnline AMC as below:
Plan A (Regular Demat)
Plan B (Lifetime Free AMC)
Annual Maintenance Charges (AMC)
One Time Fee (Lifetime AMC)
Document + Stationary Charges
POA Stamp + Notary Charges
Incoming of Shares
Outgoing of Shares (Off Mkt / Inter-DP) – Per Instruction & Per Scrip
0.03% of the value of the security (Min ₹20)
0.03% of the value of the security (Min ₹18)
Pledge Creation/Closure/Invocation – Per Instruction & Per Scrip
0.05% of the value of the security (Min ₹100 per Scrip)
Demat Processing Charges
₹50 per script (Up to 25 certificates) + ₹5 per additional certificate
Remit Processing Charges
₹100 per security (per 100 qty.)
Delivery Instruction Booklet
₹25 per booklet (10 leaves)
Traders who are planning to trade only in F&O (Equity, Commodity or Currency), doesn't require demat account.
Individual (an adult or a minor), Corporate, Partnership Firm, Trust, HUF, Unincorporated Association or a Body of Individuals, Banks/Institutional Investors, Foreign Institutional Investors (FII), Army/Government Bodies and Registered Society.
Yes, you could open a minor demat account with iTradeOnline. Note that in case of a Minor account (demat or trading), the legal guardian (either of the parents) has to be appointed. The documentation of the guardian has to be provided at the time of account opening.
Yes, a joint demat account can be opened with 2 or 3 joint holders.
Depository Participants like iTradeOnline (Trustline Securities) charge Annual Maintenance Charges (AMC) from the customer, irrespective to you do any transaction or not. This is a fixed yearly amount customer have to pay to keep the demat account active. This Demat AMC amount ranges from ₹300 a year to ₹1200 a year based on the DP service provider.
iTradeOnline offers a lifetime zero AMC demat account. To get this facility customer has to pay one-time fee of ₹1000 at the time of opening a demat account. Note that 50% (₹500 off) disount is available for limited time.
The customer doesn't have to pay yearly fees (know as AMC) in this plan.
Note that you could opt for plan anytime by submitting an application.
Information about iTradeOnline demat account, iTradeOnline demat account review, iTradeOnline demat account charges, iTradeOnline demat account opening, iTradeOnline dp charges, iTradeOnline demat charges, and iTradeOnline dp id.
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