Short answer

The brokerage charges for Institutional accounts (PMS/AIF/FPI) differ from the regular Non-Individual accounts. To open an institutional account, create a ticket. OCI Cardholders: OCI cardholders are not eligible to open a Foreign Portfolio Investment (FPI) account. However, they can open an NRI account with Arrow. Residents of Nepal or Bhutan: Offline resident accounts may be opened upon receiving an e-FRRO letter. Details can be found at Indian FRRO eServices.

The brokerage charges for Institutional accounts (PMS/AIF/FPI) differ from the regular Non-Individual accounts. To open an institutional account, create a ticket.

OCI Cardholders: OCI cardholders are not eligible to open a Foreign Portfolio Investment (FPI) account. However, they can open an NRI account with Arrow.

Residents of Nepal or Bhutan: Offline resident accounts may be opened upon receiving an e-FRRO letter. Details can be found at Indian FRRO eServices.

You can open an Arrow trading account for a SEBI-registered Individual-FPI (Foreign Portfolio Investor) account by submitting the required documents. You should have a demat account with a SEBI-licensed custodian. Your custodian handles KYC registration, which iRage fetches using your PAN to open an FPI trading account. If you do not have an Indian PAN and a custodian demat account yet, create a ticket or email us at support@arrow.trade and we will respond within 48 working hours.

Documents required to open an FPI trading account

Self-attested bank statement of the FPI bank account.

Any one of the following self-attested income proof: A Bank statement with the bank logo and seal in the name of the Arrow account holder for the last six months. Latest salary slip. Latest ITR acknowledgement. Latest Form 16. Certificate of net worth. Latest statement of demat holdings

A Bank statement with the bank logo and seal in the name of the Arrow account holder for the last six months.

Latest salary slip.

Latest ITR acknowledgement.

Latest Form 16.

Certificate of net worth.

Latest statement of demat holdings

Provide a copy of the CP allotment letter from the exchange.

Provide a copy of the custodian’s demat account CMR.

Provide a copy of the SEBI certificate.

Submission process

The account opening charge is ₹500 for equity trading and demat accounts.

Email soft copies to support@arrow.trade and support@arrow.trade for review.

Make corrections if requested.

Courier documents with ₹500 cheque payable to iRage Broking Limited to:

iRage Customer Support Centre 192A 4th Floor, Kalyani Vista, 3rd Main Road, JP Nagar 4th Phase, Bengaluru, 560076

Processing time: Up to 72 working hours

Foreign nationals living in blacklisted countries, as per the FATF list, cannot open an account with Arrow. Foreign nationals living in greylisted countries can open an account only after iRage’s compliance team’s approval.

Broker details

iRage Broking Services LLP (SEBI registration INZ000011262), product name Arrow. Registered office: Gift City, Gandhinagar.