To open a commodity trading account at Karvy Comtrade, please click here.
The account opening forms are available with our business associates and at all Karvy offices. You are kindly requested to contact the Karvy office in your neighbourhood to complete the account-opening formalities.
You can also print out a simple account-opening form from our website and complete the necessary documentation in accordance to the checklist enclosed in the form. The form, duly filled up, should be submitted at the nearest Karvy office (or with Associate) along with a cheque/DD, payable at Hyderabad, favouring “Karvy Comtrade Limited,” towards initial margin.
Please remember the Member-Client agreement has to be executed on a non-judicial stamp paper, according to the applicable ‘Stamp Duty Act’ of the relevant state.
- Deposit initial margin: You need to deposit an initial upfront margin as specified by the exchange (usually between 5-10% of the contract value). The cheque/DD should be in favour of “Karvy Comtrade Limited.”
- Mark-to-market margin: In addition to initial margin, you also need to maintain a mark-to-market margin to take care of the adverse price movements, if any.
The duly filled-up Client Registration Form should be sent to the address below or to any nearby Karvy office:
Karvy Comtrade Limited
Karvy Millenium, 9th Floor
Plot No. 31, Financial District
Hyderabad – 500 032