How do I become a MCX member?
Trading-cum-Clearing Member (TCM) / Stock Broker and Self Clearing Member
- Processing Fee* (Non refundable) 10,000$
- Admission Fee* (Non refundable) 10,00,000.
- Interest Free Security Deposit (in ratio of 1:1) 50,00,000.
What is MCX account?
An MCX Demat account is a type of account that helps you invest in different commodities in the stock market. Till 2015, MCX Demat Account was regulated by the Forward Market Commission that later merged with SEBI.
What is MCX group?
The Multi Commodity Exchange of India Limited (MCX), India’s first listed exchange, is a state-of-the-art, commodity derivatives exchange that facilitates online trading of commodity derivatives transactions, thereby providing a platform for price discovery and risk management.
What is MCX Goldex?
MCX – India’s No.1 exchange to trade bullion futures. PRODUCTS. – Gold.
Is Alice Blue SEBI registered?
Yes, Alice Blue is a SEBI registered stock broker offering financial services since 2006. It is a member of the BSE, NSE, and MCX.
What are the new membership requirement and annual member compliance for a MCX member?
What are the networth requirements for various categories of Membership of MCX?
| Sr. No. | Member Type | Networth Requirement (in L C Gupta Format) |
|---|---|---|
| 3 | Stock Broker and Clearing Member (Institutional Trading-cum-Clearing Member-ITCM | Rs. 300 Lakh |
| 4 | Clearing Member / Professional Clearing Member – PCM | Rs. 500 Lakh |
How can I open MCX account?
Open commodity trading account in a few steps
- Fill out the application form.
- Submit standard Know-Your-Customer (KYC) documents.
- A member–client agreement will need to be executed between you and the commodity broker.
- Submit the required income proofs.
- Submit details of your demat account.
What is Futcom and Optfut?
FUTCOM – Futures. OPTFUT – Options on Futures.
What is ComRIS account?
1) ComRIS” (Commodity Receipts Information System) is a web based application that maintains electronic record of commodities (notified for deposit under ComRIS) deposited at the accredited/ approved warehouses and ensure flow of real time information from the warehouse.
What is the Mcxbulldex?
In a first, MCX, the largest commodity exchange in the country, on Monday, launched trading in bullion index futures on MCX iCOMDEX Bullion index or the MCXBULLDEX. The index will track the real-time performance of flagship near month MCX Gold (1 Kg) and Silver (30 Kg) futures contracts.
What is POA and e dis?
Power of Attorney (POA) authorizes the broker to debit the shares from your Demat account whenever you sell the shares and transfer it to the Exchange to meet the pay-in obligation. The eDIS enables the investors to sell their shares using TPIN by way of online authorization.