How to open trading account

 Best online stock trading account

TRADING ACCOUNT

Stock trading account 

An online account used to ease the way of trading in shares and other securities in no time. A account opened under a stock broker to get the facility to trade in the stock exchange. Now a investor has to interact with sub brokers to open a trading account. While sub brokers are said to be the agents of the stock broker. As a common investor  can't afford to pay the heavy fees and deposits required  to be a stock broker so they acts as sub broker.

Now what are the need or requirements to open trading account?

    So we need to have a bank account and a demat account before we apply  for trading account. As bank and demat account  needs to be linked with our trading  account. Work of bank account is for holding and transferring cash while we do trade in shares and securities. And demat for holding and transferring shares and others securities while trading.

Now most of the stock brokers who give out trading account also enroll as a DP /broker under one of the depositories, NSDL of CBSL. They can provide a package of service that included  demat and trading A/c both . Stock brokers usually  provide the trading account for free. As the get their profits by applying brokerage  charges on each transaction that we do in our trading account.

What are the Charges applicable while opening  and using demat and best trading account?

1. Account opening fee.

2. Annual maintenance charge. 

3. Brokerage charges.

    a)For intraday transaction 

    b)Delivery charge

    c)Future and option trade charge 

Best free trading account charges explained

1. Account opening fee.

charges required to open demat and trading account.

2. Annual maintenance charge. 

Charges required  to maintain the account yearly. 

3. Brokerage charges.

Charges paid to broker for the service .

a)For intraday transaction 

When we buy and sell the share in same day its said to be intraday trading. So in this case broker doesn't  needs to get your name registered as the owner of share due to this brokerage  charges to such trade are very low.

b)Delivery charge

The process of registering  the owner of the share is said to be delivery. Not necessary  for intraday but is for all other transactions. And in this case the charges are high due to the requirement of additional  process .

c)Future and option trade charge 

Charges that are applicable for trade in future and options segments.

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R P Vani

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