About Free Trading Account
Finance and investment portals have, in recent years
, changed the very facade of e-broking space in India. Trading online has turned into a big reality. These portals either function independently or function as part of big or small trading companies. The portals offer trading tips in addition to updating investors on the stock market. Investors require opening a trading account to be able to trade in shares and stocks. There are trading companies that offer low brokerage charges to open a demat account. To open a free trading account or free demat account in India, you can register yourself in one of these finance portals and get started. There are online trading platforms that facilitate simple and fast transaction in the area of stock trading but not all companies provide free broking account in India.
Again there are brokers who provide free demat account but with limited offers. Whether it is to open
free demat account in India or a paid one, as an investor, you would require contacting the stock broker. It is a must to take the services of a broker who will handle your online trading. Some brokers provide trading accounts for very low charges but there may be conditions of offering a free demat account. They may allow you to trade without any brokerage commissions and later take one time charge for a particular time period. If you are interested to open a free demat account, you may also contact franchises of brokerage companies. To open a free demat account in India, you may also be required to sign an additional agreement with the broker.
Opening a free broking account in India may also mean that you may not be charged with the transaction fee or/and annual maintenance fee for it. Those wanting to get their bank account linked with their free demat account can opt for the particular bank securities. Further, there may be two options for trading "" one is web trading and another is trading through software. If you apply for web trading, you can trade online using your PC or laptop with an Internet connection and if you apply for software account then the related software has to be installed in your PC for trading.
Once you have a
free trading account, the issuing company will provide you a Username & Password. Using the same, you can log on to the site; the first thing you will need to do is to get some funds transferred to your trading account to facilitate trading. Going for a free demat account may require you to submit documents like identification proof, PAN card, and photograph. The broker will guide you to buying and selling of shares and the transaction will show up in your funds account. The risk factor is always involved in trading; the broker will just guide you and you will be responsible to give the green signal, i.e. whether to buy it or not or when to sell it.
by: Nirmal Kumar
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