Willing to trade with the emerging stockbroker, Tradingo? Are you aware of the Tradingo Demat account AMC charges? If not, then here is the complete details of the annual charges of the broker.
In India, tiny percentage of people are investing in the stock market with their hard-earned money and big dreams. Hence, heavy Account Maintenance Charges are a significant roadblock in their trading journey.
To counter this, Tradingo Demat Account has come up with two sets of AMC plans for its customers. Let’s elaborate on each of them in the next section. Keep reading.
Tradingo Demat Account Annual Charges
As already known, Annual charges or AMC fees are charged on your Demat account in order to maintain it and to provide additional securities to your holdings.
This makes sense for the trader to pay the required fees.
But these changes do not affect the overall profit percentage of the investor, for this, the stockbroker makes sure to minimize them and at the same time few brokers like Tradingo come up with multiple plans that not only reduce the brokerage but also the annual fees charged on the Demat account.
So let’s learn how much is the Tradingo Demat Account AMC Charges are:
Now as discussed, Tradingo provides two different plans. According to your needs, you can choose between Tradingo’s two AMC charges plans. These two plans are:
This is the default plan according to which the broker charged the AMC fees of ₹250 per annum from the second year onwards.
So if your Demat account is activated from, say, 01-01-2022, then till 01-01-2023, you won’t be charged any AMC, but from there onwards to 01-01-2024, you’ll be charged the rate as mentioned earlier.
Other than the Standard plan, the broker provides you with the Premium plan under which you can take an advantage of the free Demat account.
By paying the one-time upfront fees of ₹750 the broker waives off the AMC fees for a lifetime.
Here are the Tradingo Demat account AMC charges in the table below:
Tradingo Demat Account AMC Charges
250/- plus GST per year from second year onwards
As you can see, with a premium plan, you have several benefits like Free call and trade, which are missing in the standard plan. But on the other hand, the premium plan demands an upfront fee of 750/-.
So it’s a trade-off. Now you can judge for yourself and pick one of these plans. Also, each of these plans has certain unique features and benefits like margin facility, brokerage etc.
By carefully observing the above two tables, decision-making will get a lot easier. What you can do is, you can prioritize your objectives and check which plan satisfactorily meets them. And this will surely help you in choosing a plan.
For any further assistance with the Tradingo Demat account, you can rely on our large base of articles. So stay on, read and learn everything about Tradingo!!
Reap the benefit of a free Demat account for a lifetime. Reach out to us and we will provide assistance in choosing the right stock broker for you.