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Top 15 Reasons to Go For Flattrade Trading
Should You Go For Flattrade Trading?
In the ever-evolving landscape of the Indian stock market, Flattrade Trading Corporation has steadily risen to prominence. Established in 2004 as Fortune Capital Services Private Limited, this Chennai-based discount stock broking company has garnered attention for all the right reasons. Under the visionary leadership of Mr. K. Narayan Moorthy, a seasoned spot bullion trader, the company evolved into Flattrade Trading Corporation.
With memberships in major Indian exchanges like NSE, BSE, and MCX, Flattrade has steadily gained recognition for its commitment to transparency, technology, and regional expertise in southern India. Should you go for Flattrade Trading? Read on and find out!
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Top 15 Reasons to Go For Flattrade Trading
If you are considering entering the world of stock trading or looking to switch to a new trading platform, read on to discover the top 15 reasons why Flattrade Trading might just be the right choice for you.
1. Zero Brokerage
Flattrade Trading stands out by offering zero brokerage services to its customers. This means you can trade in various segments like Equities, Commodities, Derivatives, and Currency Derivatives without worrying about hefty commission charges eating into your profits.
Go through our FlatTrade Review 2023 – Services, Charges, Pros, Cons and More.
2. Robust Trading Platforms
Flattrade Trading provides a range of online trading platforms, including:
- EXE-based trading,
- Mobile App, and
- Web-based trading.
These platforms are user-friendly and allow you to track the market, set up your market watch, access real-time charts, and stay updated with the latest news, all from the convenience of your device.
3. Exceptional Customer Support
With a dedicated team of professionals, Flattrade Trading offers online customer care and back-office support. Their commitment to empowering clients and providing valuable services ensures that you are never left in the dark regarding your investments. It has offline branches for customers who prefer face-to-face interactions or require in-person assistance. This adds a personal touch to its service, making it accessible to a broader range of investors.
4. Comprehensive Services
Flattrade Trading offers a suite of services, including:
- Equity Trading,
- Depository Facility (Demat Account),
- Currency Trading,
- Derivatives Trading,
- Commodity Trading, and
- Access to Mutual Funds.
This breadth of services caters to both novice investors and experienced traders.
5. Demat Account
Flattrade Trading Demat Account services are designed to securely hold your securities in electronic form. This eliminates the hassle of handling physical share certificates and simplifies your investment journey.
6. Equity Trading
Investing in equities involves buying and selling shares of companies. Flattrade Trading provides the necessary tools and resources to make informed decisions, ensuring that you are well-equipped to navigate the stock market effectively.
7. Derivatives Trading
Derivatives trading, known for its high-risk, high-reward nature, has become increasingly popular among investors. Flattrade Trading offers a range of derivative products, providing flexibility and diversification in your investment portfolio.
8. Currency Trading
The foreign exchange market, or Forex, is one of the largest and most liquid markets globally. Flattrade Trading allows you to participate in currency trading, opening up opportunities to profit from currency fluctuations.
9. Commodity Trading
For those looking to diversify their portfolio, commodity trading is an excellent choice. Flattrade Trading lets you trade in primary products through regulated commodity exchanges, where profits are influenced by supply and demand dynamics.
10. Mutual Funds
Mutual funds are a sound choice for long-term financial goals. Flattrade Trading provides access to a vast array of mutual funds from major fund houses in India. This variety allows investors to diversify their portfolios according to their risk tolerance and financial objectives.
11. Scalability
As your investment needs grow, Flattrade Trading can accommodate your requirements. Their range of services and investment options means that you can start small and scale your portfolio as you gain more experience and confidence.
12. No Hidden Charges
The Flattrade Trading zero brokerage model ensures that you will not encounter any surprise charges or hidden fees down the line. This transparency in pricing is reassuring for investors who want to know exactly what they are paying for their trades. Flattrade Trading prides itself on transparency in its operations. It provides essential documents, such as:
- Ledger statements,
- Daily margin statements, and
- Daily contract notes.
This transparency helps investors keep track of their investments and stay informed about their financial transactions.
13. Strong Reputation
Flattrade Trading has steadily built a reputation for reliability and customer satisfaction. Positive reviews and word-of-mouth recommendations from existing clients highlight the trustworthiness of this company.
14. Wealth Management
For those looking to build long-term wealth, Flattrade Trading offers a comprehensive platform that encompasses equity, derivatives, currencies, commodities, and mutual funds. This holistic approach to wealth management provides diversification and long-term growth opportunities.
15. Customer-Centric Approach
The Flattrade Trading customer support team is dedicated to assisting clients in every step of their trading journey. Whether you are a seasoned trader or a beginner, their commitment to customer satisfaction ensures that you receive the support you need.
Read on Flattrade Brokerage Calculator: Guide for Traders and Investors.
Should You Go For Flattrade Trading?
While there are numerous advantages of Flattrade Trading, such as free account opening and maintenance, a strong presence in southern India, and offline branches for in-person assistance, it is important to note that they have a limited range of trading and investment products.
Also, its technology offerings are somewhat limited, with only one in-house trading platform, which some users might find to be less than stellar in performance.
Traders with specific technology requirements or a need for a wider range of investment products might want to weigh their options carefully. Always remember to conduct thorough research and consider your unique investment goals before choosing a trading platform.
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Conclusion
Flattrade Trading Corporation has made a mark in the Indian stock market with its customer-centric approach, zero brokerage services, and a comprehensive range of offerings. It is a suitable choice for traders and investors seeking a reliable and cost-effective platform to engage in various segments of the market. Its strong presence in southern India and regional expertise can be particularly advantageous for investors who prefer localized support and insights into the unique dynamics of the southern stock market.