You can open a broker accont throguh a brokerage company which helps you buy and sell investments you hold, like stocks, bonds, mutual funds, and other financial products.
In this post, we’ll explore the process of opening an online broker account in Nepal, the advantages and disadvantages, and other important information about the Trading Mangement System (NEPSE TMS Account).
How to Open Broker Account in Nepal in 2023?
To Open a brokerage account in Nepal 2023, you must first
- Choose your Stock Broker.
- Apply for Application
- Upload Documents
- Verify KYC
- Receive your Login Details NEPSE TMS
After this you can buy or sell (Trade) share from Secondary Market, Nepal Stock Exchange, also known as NEPSE in Nepal. This is how you sell your IPOs.
List of Stock Brokers in Nepal 2023 – with Registration Link
a. Apply Online Application or Physical Form
You can apply for a Trading Account online or submit a physical application form. You can register a TMS account from Nepal or abroad, like UAE, Qatar, Malaysia, UK and United States.
Field Marked with Asterisk Symbol (*) is compulsory.
Personal Information
You need to provide information based on your citizenship; the Broker will verify this information. Also the Contact details should be your personal, as all the information will be either mailed or called on that number.
Passport is Optional for Nepalese People who are on abroad.
Abroad Details
If you are in Nepal, then select “NO.”
If you are outside Nepal (UAE, Qatar, Malaysia, US, Japan) any other nation, then choose Yes and fill the information.
Address
You will get two options to add in address page Permanent and Current fill both and submit it.
If your permanent address and Current address are same, then you can click on “No.”
Bank Details
Choose you Account Type, then enter Bank Name, Branch and Account No.
Most of the commercial banks are available.
Occupation and Other Broker
Enter your employee ID; if you do not have it, you can skip it. After this, choose you yearly salary.
Select “NO” if you do not have any other TMS Account with any other Broker.
Documentation
This is the final step. Here you need to upload your
- PAN Card
- Citizenship (both side)
- Birth Certificate (Minor)
- Recent Photo
- KYC form upload
- Online Agreement Form
Online Agreement Form will be available in the next step, which is at the end. You can click on print, download it as a PDF file, and upload it here.
If you do not have a National Identity Card, then you can use your Citizenship.
Confirmation and Submission
Now, you need to confirm you relation or profession as Politician or Past Criminal Record.
And then, click on Next you will redirected to Online Agreement Form page. Download it.
Finishing
After this you will get a confirmation SMS and email with message “Application Submitted for Online Trading Account.” Also, a PDF copy of your application with all the details will be mailed to you.
How to Convert you mobile photo into PDF?
As shown above, you must upload your document in PDF form only.
b. Requirements to Register TMS Account | Documents Needed
The requirement you need to fulfill while registering a brokerage account is that you must not have a existing account with other company.
StockBroker will not accept a DEMAT account linked to another firm.
Documents you Need are:
- Photograph (Recent)
- Citizenship Sacn (Both Sides)
- Selfie with Citizenship (For Verification)
- Passport (For Nepali Living in Abroad),
- Digital Sign and
- Map of your House
You can take pictures of these documents and upload them. Just make sure that the sizes of these images are small.
c. Verifying your KYC (Know Your Customer)
Most of the Trading Account’s KYC can be verified through online. Like the NAASA Securities and Co. Limited fixes, Zoom Meeting with the customer to verfy KYC.
Likewise some Stock Brokers in Nepal might ask you to visit their office branch within your City to verify KYC.
This is one of the reasons you should check if the Broker has a branch in your city or accepts online verification.
d. Receive and Login to your TMS
Once the stockbroker verifies your Trading Account, they will send your Login Details (Username and Password) in your email within 2 to 3 day for NEPSE’s TRADE MANAGEMENT SYSTEM.
You can now login and start trading.
How to Login to your TMS Account Online?
If you have registered a TMS account, you must use your Username and Password to log in to your TMS Account Online at “tms(broker Number).nepsetms.com.np.”
E.g., If you have account at NAASA Securities whose Broker NO. is 58. then you have to go to your browser and type URL: “https://tms58.nepsetms.com.np/.”
You can check the list of Brokers in Nepal with its registered Number, TMS Online Login, and Registration Link.
Choosing a Brokerage Company in Nepal
Selecting a good broker is important for the security of fund, quality of customer service they provide, Fees and Commissions and Ease of use.
You can also compare the service charges on trading from their official websites or call or chat online for more information.
Also, to access your NEPSE Online Trading System, you must open a broker account in Nepal. As of 18th February 2023, you can choose from 50 Brokerage company.
a. Which is the best broker account in Nepal?
NAASA Securities , Imperial Securities and Aryatra Investment and Securities are considered to provide one of the best broker account in Nepal.
Among these, NAASA Securities claims to have a market share of roughly 10% of total market volume from fiscal year 2016-17.
b. Consider the services and conveniences offered
The Fees and Commision on service are nearly similar for every Broker in Nepal. Still, the customer service and convenience they offer is something we neglect while choosing our Stock Broker.
The best way to check if they provide a better service is to ask question through calls, emails or chats. If they even fail to answer these basic inquiry, then i see no reason to open a brokerage with them.
Brokerage Service Charge and Fees
The below is the service charge of NAASA Securities, but most of the Broker in Nepal has similar charges.
| S.No. | Transaction Volume | Percent of Turnover |
|---|---|---|
| 1 | Upto Rs. 2500 | Flat Rs. 10 |
| 2 | From Rs. 2501 to Rs. 50,000 | 0.40 Percent |
| 3 | From Rs. 50,001 to Rs. 500,000 | 0.37 Percent |
| 4 | From Rs. 5,00,001 to Rs. 20,00,000 | 0.34 Percent |
| 5 | From Rs. 20,00,001 to Rs. 1,00,00,000 | 0.30 Percent |
| 6 | From Rs. 1,00,00,000 Onwards | 0.27 Percent |
*All transactions attract 0.015% regulatory fee in addtion to above brokerage charges.*
These Information is for Education and Application filling Process only. Please do your research before choosing a NEPSE Trading Account (Broker Account) in Nepal.
FAQ
How many Broker account can we have in Nepal?
A Brokerage company will allow its invest one account per DEMAT account in Nepal.
Margin Account vs. Cash Account: What’s the Difference?
The main difference between the two is that in a cash account, you can only buy investments with the money you have, while in a margin account, you can borrow money from the broker for more investments than cash to cover.
How to open a TMS account in Nepal?
You can open a TMS Online by visiting tms(Broker Number).nepsetms.com.np and clicking on Online Registration link.
How is a brokerage account different from other accounts?
The main difference between Brokerage and DEMAT account is that A brokerage account is used to buy and sell stocks, and other financial assets, while a demat account is used to hold and store those assets in electronic form.
Broker or TMS account opening charge?
It is free. There is no charge to open a Broker account in Nepal.
Documents needed for NEPSE TMS account opening.
The documents that are needed for TMS registration are:
1. Citizenship
2. PAN card
3. Photo
4. KYC Form
5. Online Agreement Form
6. Birth Certificate and COmpany Registration (Optional)
Hello, Tilak Bahadur,
NAASA Securities – No.58,
Kohinoor Investment No.35,
Midas No.21
are some Broker who accpet online application for broker account.
Please call or message borker compnay before sending application and ask questions.
Online broker account