KIFS Trade Capital Review, Brokerage charges, Demat Account and more

The Khandwala integrated commercial enterprise, Ahmedabad, which is the flagship firm of the Khandwala group, is the parent company of KIFS Financial Services Limited (KIFS FSL). It is a Non-Banking Financial Corporation registered with the RBI under the category of a Loan Company.

The group operates as an arbitrage firm, a portfolio manager, and a stock and commodities broker. KIFS Securities Limited, the company’s flagship, is a participant in the MCX-SX, USE, NSE, BSE, OTCEI, and DP of NSDL & Portfolio Manager exchanges.

KIFS Commodities Pvt. Ltd., an FMC Registered Commodity Broker & Member of NCDEX, MCX, and ACE is one of the other subsidiaries of KIFS Securities Limited. Since its founding, KIFS Stock Broking has experienced tremendous growth and has been able to establish a solid position in the stock market industry.

Kids Trade Equity Exposure/Leverage

Exposure is the relationship between the capital an investor has put into a certain trade or stock and the potential loss on that trade or stock. Leverage and exposure are related; if a trader wants to expand his exposure to a particular stock or transaction, he may use leverage to take a much larger position on the trade with the assistance of his broker. Leverage of 1:500 indicates that the trader obtains $500 or Rs. 500 to trade with for every $1 or Rs. 1 of their share capital. To get more clients to utilize their services and conduct business with them, several brokers offer leverage ratios even higher than 1:500.

Features-

Many stockbrokers provide investors and traders with enticing services in addition to attractive offers. These are the services:

Mutual Funds: After doing appropriate fundamental and technical research, they assist investors in constructing their long-term investment portfolio for maximum return and little risk.

Forex: Numerous stockbrokers provide their services not only in the stock market sector but also in the forex market.

Banking: Full-service brokers provide their services in the banking industry as well.

Many brokers assist customers in structuring their investment portfolios methodically for the best returns. SIPs (systematic investment plans) are a subset of mutual fund services.

Insurance:

Top-performing brokers even offer their clients insurance policies.

 Kifs Trade Trading Account Opening and Demat Charges

For keeping securities in electronic form, a Demat (short for dematerialization account) account is employed, and the securities are placed through National Securities Depository Limited (NSDL) or Central Depository Services Limited (CDSL).

For different brokers, the account opening fees range from zero to two hundred rupees. There is no fee to establish an account at Kifs Trade. Following the opening of a Demat account, you are required to pay fees including account maintenance fees, broker commissions, GST, and STT. The AMC (Annual Maintenance Charges) are around Rs. 300, and the fee charged by the discount broker is typically Rs. 20 per performed deal.

Various brokers employ either the CDSL or NSDL. These two depositories have been authorized by the Indian government to retain assets including stocks, commodities, bonds, and copies or electronic versions. The repository used by Kifs Trade is CDSL.

Kifs Trade Equity Brokerage Charges

Investors must pay additional fees for using the broker’s various services in addition to the AMC fees.

Equity delivery charges: It implies that you keep the assets in your Demat Account for a specific period before selling them to realize a profit on your investment. Due to the intense competition in this market, brokers often charge Rs. 0 for equity delivery to entice more clients, while some may charge up to Rs. 20 for each performed deal. For equities delivery, Kifs Trade charges between 0.10% and 0.30%.

Equity Intraday: Equity intraday, as the name suggests, refers to the purchasing and selling stocks/shares on the same day. For equities intraday, Kifs Trade costs between 0.010% and 0.030%.

Equity Futures: By using this phrase, you can purchase and sell shares at a set price. For stock futures, Kifs Trade costs between 0.010% and 0.030%.

Equity Options: Through a contract (1 contract = 100 shares), they let an investor purchase or sell equities at a predetermined or striking price. For equity options, Kifs Trade charges Rs. 20–Rs. 30 per Lot.

Kifs Trade Currency Brokerage Charges

In India right now, many cheap brokers are offering their services. However, not all of them engage in trading commodities, currencies, and equities. The best-performing individuals do, however, charge separately for their services in these fields.

Currency future: Other names for this concept are FX future and foreign exchange future. As the name implies, it is an agreement to exchange one currency for another at a future period for a precise or set price at the time of purchase. Equities futures are comparable to this idea. For currency futures, Kifs Trade costs between 0.010% and 0.030%.

Currency Options: A currency option, like equities options, is a contract that grants the buyer the right—but not the obligation—to purchase or sell a specified currency at a set exchange rate on or before a given date. For currency options, Kifs Trade costs between Rs.20 and Rs.30 for each lot.

Commodity trading: A commodity is defined as a raw material or basic agricultural product that may be purchased or sold. This idea is used in the world of trade. To make the process of purchasing and selling raw commodities easier many traders purchase and sell gold, silver, and oil, and many brokers now provide their services online. Kifs Trade costs between 0.010% and 0.030% for trading commodities.

Kifs Trade Other Charges

Kifs Trade charges a Rs. 30 minimum brokerage fee for every trade as its minimum brokerage fee.

Transaction brokerage fees: These are fees that a client must pay for each transaction that DP completes. (participant in the depository) Kifs Trade assesses transaction brokerage fees equal to 0.00325% of Total Turnover. charges.

Turnover Fees: The security and commodities markets are regulated by the Securities and Exchange Board of India (SEBI). It monitors fair trading for all investors and assesses a fee for their turnover. As Sebi turnover charges, Kifs Trade levies a fee of 0.0002% of total turnover.

Stamp duty fees: The amount of stamp duty fees varies by state and asset class.

GST (Goods and Services Tax) Charges: Brokerage and transaction fees are subject to an 18% GST.

STT (Securities transaction tax): Kifs Trade charges 0.0126% of Total Turnover as STT.

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