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How To Start A Trading Account In India?

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By Author: Maithili Pawar
Total Articles: 30
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Today India has more accessibility to the trading world than ever. While trading in India technically began as early as the 1840s, its opportunities for the public were limited. It began to open new avenues with The Depositories Act, 1996, which made paperless trading a possibility.

Today, with online trading platforms open, anyone with only basic market knowledge can venture to trade. All you need to do is open an account for trading, connect with the market and start trading.

What is a trading account?
A trading account is an investment account that a trader can use to hold shares, cash, and other assets.
It is an essential tool for carrying out securities transactions, such as the purchase and sale of shares. Also, in certain situations, such as stock trading, trading is not possible without a trading account at all.

Additionally, if you have an online trading account, it makes such transactions faster and more effective to carry out. You can choose from several trading options and receive daily updates on market movements. In some instances, you can even position orders by using special facilities after the market closes.

How to open a trading account

The first step to start your business venture in India is to open your trading account. Following are the steps to take to open trading account:

• The first step to open a trading account is to find a reputable broker registered with SEBI. You will most likely also need to open a Demat account. Your broker of choice should have a valid SEBI registration number provided for this reason.
• Upon contacting the broker of your choice, you will need to find out about their account opening procedure. You can also inquire about their charges and other facilities they offer.
• Typically, the account opening procedure involves filling out the required forms. These forms include a Customer Registration Form, Account Opening Form and KYC Form.
• You must also provide the broker with other essential documents. These include proofs of photo IDs, such as a PAN card, and a proof of address, such as an electricity bill.
• The broker will process the form and the documents, and you will receive your trading account in a matter of time.
• With your brand-new trading account, you can now begin trading in future option in share market. You will buy or sell orders through your broker to conduct business via this trading account. This transaction will then be forwarded to and processed at the corresponding exchange.

Your Demat account will be either debited or credited with your choice of traded securities, based on the transaction.

Author bio: Maithili Pawar is a financial expert with 5-plus years of experience in investment banking. In her free time, she writes on latest trends in Trading. In this, she has explained everything about the trading account and explained how to open one

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