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Klever Trade is India’s fastest growing Technology driven broking firm established in 2014. Its result oriented tools and user friendly technology makes Klever Trade stand out from its competitors.
Check out some unique features offered by Klever Trade :
Klever Trade brokerage plan is most suitable for traders and investors.
Check out detailed Pricing - Click here
You need to have a soft copy of the following documents while opening an account online:.
Mandatory Documents Pan Card, Aadhaar Card, Bank Details, Scanned copy of the signature
Annual Maintenance Charge (AMC) is Rs. 300/-(Excluding Tax).
File size should be less than 6 MB in JPG, PNG, or PDF format.
Identity Proof, Address Proof, Scanned copy of the signature in JPG or PNG Format
Income Proof in PDF Format
As per SEBI guidelines, IPV is a mandatory procedure where the broker has to verify the documents and client in person while opening a Trading and Demat Account.
You can choose to complete your IPV either via web camera or mobile. During the IPV process, you just need to capture your live photo.
*Not applicable for CKYC yes case.
Power Of Attorney (POA) is a limited level of permission that you give us to debit shares from the Demat account whenever you sell the shares.
If you have not submitted the POA, you will be able to sell shares by using the CDSL TPIN mode. This mode has a restriction of a maximum of Rs. 1 crore sell transactions per day. The off-market transfers are limited at Rs. 2 lakhs per scrip and overall Rs. 10 lakhs per day.
If you have not submitted POA, you will receive corporate action benefits like Bonus, Split, Dividend, etc. But you need to register for the CDSL EASIEST facility to apply for corporate actions like Buyback and Rights.
Or you can post a request to us via Call or Email to apply for corporate action benefits like Buyback and Rights Issue etc.
eSign is an online electronic signature or digital signature. In case of online account opening, if you have an aadhaar card linked to your mobile number, you can eSign the documents digitally through One Time Password Authentication (OTP).
KRA (Know Your Customer Registration Agency) is a SEBI registered agency that maintains KYC records of all the investors on behalf of capital market intermediaries (stockbrokers) registered with SEBI.
When you choose to open an account online, you only need to provide the Aadhaar and PAN details. KLEVER TRADE fetches your KYC details from the KRA system and auto-fills the application form through a secure e-KYC system.
Note* This works only if you are KRA registered.
Once you have completed the E-KYC process, you recived form in your registered Email.
Take a printout and fill up all the details. You can call us on (0261 4245940) if you need help with filling the account opening form.
Attach a self-attested copy of the account opening documents.
Sign the KYC form and send the hard copy to Klever Trade Corporate office address. (B-2,ITC Building, Ground Floor, Majura Gate, Surat - 395002)
Once you have completed the E-KYC process, it generally takes 24-48 working hours for the account to be activated.
In the case of offline account opening, the account will be activated in 24 hours once your documents reach us.
Once the account is activated, User ID and Password will be sent to your registered Email ID.
You can contact our Customer Service exicutive via 0261 4245940 between 9 am to 6 pm from Monday to Saturday.
Here are the possible reasons for the rejection of your application:
To add a nominee you just need to download the Nomination Form, fill, sign and courier it to our Corporate office Address. (B-2,ITC Building, Ground Floor, Majura Gate, Surat - 395002)
The nomination will be applicable to both Trading and Demat Account.
It is mandatory to open a demat account along with the trading account.
Here’s why a demat account is required:
Equity Intraday: Let’s say you have taken an intraday trade and not closed the position at the end of the day. This position can go into delivery and a Demat account is required to settle the shares.
F&O Contracts: From October 2019 all Stock F&O contracts are being settled physically. This requires the stocks to be settled to a Demat account in case of a delivery position.
Yes, you can open Joint Demat Account at KLEVER TRADE with a maximum of three holders. To open a Joint Demat Account you need to follow the Offline Account Opening Process.
Note:
You need to provide the KYC Form along with the Account Opening Documents of all the joint holders.
All the account related communication will be sent to the first holder only, make sure to add the correspondence address of the first holder on the Demat form. (B-2,ITC Building, Ground Floor, Majura Gate, Surat - 395002)
According to the regulations of the exchanges, you cannot open the trading account of a minor. But you can open a demat account in your child’s name and make an off-market transfer of shares to your child’s demat account as a gift.
Once your child attains majority, he/she can submit a new KYC form along with all the account opening documents.
After successfully submitting the documents, all the details of the guardian will be deleted and the guardian’s signature will be replaced by the account holder’s signature.
You cannot open two KLEVER TRADE Trading and Demat accounts using the same phone number and email. The phone number and email of every new account should be unique.
Non-Individual accounts can be opened offline only. You need to fill up the Non-Individual form and send it to our Corporate Office Address. (B-2,ITC Building, Ground Floor, Majura Gate, Surat - 395002)
We provide trading platforms across Desktop, Web, and Mobile.
It's absolutely free of cost.
We offer Call and Trade Services between 9 am to 11.59 pm from Monday to Friday. You can call us on
We follow highest level of security standards in the financial services industry with a 128 bit encrypted SSL connection.
Yes, you can sell your shares but you have to submit DIS (Delivery Instruction Slip) within T+1 Working days.
No. we do not offer unlimited monthly trading plans.
Flat Rs 15 or 2.5% (whichever is lower) per order For Intraday & Delivery trades across all segments (Equity, F&O, Commodity and Currency)
The account opening charges for Corporate Accounts, LLP Accounts, Partnership Accounts, HUF Accounts are as follows:
Trading, Demat and Commodity Account: Rs 0
Annual Maintenance Charges: Rs.500
The brokerage remains the same for all types of accounts. Check out brokerage plans.
Apart from brokerage, you will be charged statutory charges/taxes by the Government that vary from segment to segment.
The charges are listed below:
Equity, Currency & Commodities: We offer trading in all premium exchanges of India like NSE, BSE, MCX & MCX-SX.
Depository Services: We are registered with CDSL as a Depository Participant to provide you seamless Demat services.
Mutual Funds: We provide a Direct Mutual Fund Investment platform.
IPO: We provide an IPO portal where you can invest in IPOs.
First, you need to open a Trading and Demat account. Check out how to Open Trading and Demat Account.
Once you have opened an account you will be provided a Trading Platform using which you can trade in Stocks, Currencies, and Commodities.
| Client not registered | Account not yet activated in the perticular segment |
| The trading system is not available for trading | This error occurs if an order is placed in Futures & Options [NFO] after 3:30PM |
| The markets have not been opened for trading | If a user places NFO orders before 9:15AM the order will get rejected & the above error will be displayed. |
| Security is not allowed to trade in this market | For Stock options, the exchange restricts certain strike prices to be traded due to illiquidity & high volatility. This error implies that for the particular stock option that particular strike price cant be traded. |
| User Id not permitted for ATF ! | If you face this issue requesting you to please square off the position directly |
| The market is currently not open for trading. | If an MCX order placed before 09:00AM, the order gets rejected and this error is displayed. |
| Invalid trigger price for stop loss order. | For Sell SL orders, Trigger Price > Price |
| Trigger price not in multiples of tick size. | For Buy SL orders, Trigger Price < Price |
| ADAPTER is down | If an order is placed before market hours i.e before 9:00AM it will be rejected & this error will be displayed. |
| BO: auto square off executed | pre market not allowed for BO order / intraday square off pre auto square off blocked |
| BO: Self Trade Rejection | Exchange will match the order based on the PAN number suppose Same PAN number buyers & sellers then automatically the will get cancelled |
| BO: Square off and SL ticks can not be zero | In Bracket order Stop loss / Square off price is not mentioned |
| exchg not enabled for this acct | Account not yet activated in the perticular segment |
| exchg not enabled for this user | Account not yet activated in the perticular segment |
| order quantity is negative or zero | Placed order is Qty is mentioned ZERO |
| RMS: Auto Square Off Block | As per the company policy if your trying to square off the position after 3.10AM in Equity we block all MIS order |
| RMS: NO Last Trade Price | Due to no trade in the perticular stock we are not allowing you to trade |
| RMS:Blocked for ALUMINIUM FUTCOM mcx_fo MIS Remarks: High volatility mis blocked,Kindly place the order BO,CO & NRML block type: ALL | Due to volatility MIS order has been blocked |
| RMS:Blocked for B B bse_cm CNC Remarks: BLOCKED DUE TO SETTLEMENT RISK block type: NON-SQROFF | Some “B/BE” category stocks are Blocked due to Settlement issue for the reason we are not allowing client to trade in CNC |
| RMS:Blocked for BE B nse_cm CNC Remarks: INTRADAY TRADES ARE NOT ALLOWED DUE TO SETTLEMENT RISK!!!! block type: ALL | Some “B/BE” category stocks are Blocked due to Settlement issue for the reason we are not allowing client to trade in CNC |
| RMS:Blocked for cde_fo CO Remarks: CDS CO BLOCKED!!! block type: ALL | In currecncy segment CO order is blocked ( Requesting you to place the MIS / NRML Order) |
| RMS:Blocked for COPPER FUTCOM mcx_fo MIS Remarks: BASE METAL NOT ALLOWED IN MIS, PLACE ORDERS IN BO,CO AND NRML block type: NON-SQROFF | Before tendor period we are not allowing you to trade in Base metal Scrip |
| RMS:Blocked for CRUDEOIL OPTFUT mcx_fo Expiry Date: XX-XX-XXXX Remarks: DUE TO LOW OPEN INTERST BLOCKED… block type: ALL | less volatility in scrip, So RMS blocked for avoid observation |
| RMS:Blocked for account- “Client code ” mcx_fo MIS block type: NON-SQROFF | Heavy volatility in scrip, So RMS blocked for avoid NAKED debit |
| RMS:Margin Exceeds,Required:51501.51, Available:51.50 for entity account-“Client code ” across exchange across segment across product | Margin shortfal Avilable Vs Required margin is mentioned |
| RMS:Rule: Check T1 holdings including TT/BE/Z/T/TS ,No Holdings Present for entity account- “Client code ” across exchange across segment across product | If client is trying to sell before the settlement then client will face the problem |
| RMS:Rule: COM Restricted basket for entity account- “Client code ” across exchange across segment across product | We are not allowing to trade in the perticular segment |
| RMS:Scrip ESCORTS is in Ban Period. | NSE is Ban to trade in the perticular scrip |
| syom:limit price and trigger price cannot be same | Stop loss – Limit order Trigger price & Limit price must be difference ( should not be same) |
| syom:trigger price hit the lower freeze | Trigger price is lower then the Lower freeze circuit |
| syom:trigger price hit the upper freeze | Trigger price is lower then the upper freeze circuit |
| trigger price should be 3% for CRUDEOIL20DECFUT | Order must be placed within a 3% range from the LTP |
Algo trading is nothing but programming an algorithm to place automatic entry and exit orders based on a specific set of rules or trading strategies.
Algo trading helps you trade at a speed and frequency that is humanly impossible and also rules out the impact of human emotions involved in trading.
KLEVER TRADE API is a confidential key that allows you to establish a personalized connection between your algorithm stratagies and Klever Trade trading platform to obtain real-time pricing and place orders.
You just have to send us a request to generate an API Key on customercare1@arhamwealth.com. Or you can call our Customer Support.
We provide API absolutely free of cost. Start automating your trades now! Mail us @ customercare1@arhamwealth.com.
API is nothing but a key that will establish a connection between a programmed algorithm and our trading platform. So it is necessary to know programming to automate your own trading strategy.
But if you do not have any programming knowledge, then also we can help you out to code the strategies.