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Trading Account

Much like a Demat account, a trading account is also vital for investing in the share market. It allows you to electronically buy or sell shares and other securities in the stock market. Back when physical share certificates still existed, the stock exchanges used an open outcry system. According to this method, traders who wished to buy or sell shares had to be physically present in the stock exchanges and had to verbally communicate with the other parties. However, ever since the stock market went completely electronic, the open outcry system has been replaced entirely by online trading accounts.

With an online trading account, you do not need to be physically present in the stock exchanges to place buy or sell orders. You can simply use your trading account from anywhere in the world to buy or sell shares. This has not only simplified the entire share trading process, but it has also facilitated extremely quick settlements and deliveries. You can open a trading account only through a registered stockbroker which acts as an intermediary between you and the stock exchanges. A unique user ID is mapped to every trading account, and each account is protected by a password for additional security. The difference between a trading account and a Demat account is that the former is used to buy or sell shares and securities, while the latter is used to hold the shares and securities purchased.

Access to Multiple Stock Exchanges:

An online trading account allows you to trade in multiple stock exchanges simultaneously. This was impossible during the initial days of the stock market, when all the shares and scrips were held physically. Also, you get to enjoy access to all the leading stock exchanges in India such as Bombay Stock Exchange (BSE), National Stock Exchange (NSE), Multi Commodity Exchange (MCX), and National Commodity and Derivatives Exchange (NCDEX). What’s even more interesting is that you can access all of these exchanges via a single platform.

Access to Financial and Research Reports:

Online trading accounts offered by leading full-service stockbrokers provide valuable information on the stock market. With an online trading account, you can gain access to all the latest news, financials, and research reports of almost every listed company. These reports not only enable you to make informed trading decisions, but they can also assist you in fulfilling your financial goals within the right time frame.

Convenience:

An online trading account offers unmatched levels of convenience. Trading solutions offered by new-age platforms come with a dedicated smartphone application. This enables you to access the stock market from anywhere in the world and at any point in time. All you need is a smartphone or a handheld device to keep track of your investments and buy or sell shares conveniently.

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ATTENTION INVESTORS

Prevent Unauthorised transactions in your account : Update your mobile numbers/Email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day

KYC

KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.

IPO

No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.

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SKSE Sec Ltd, Office No 907 To 911, 9th Floor,
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NSE: INZ000293432
BSE: INZ000293432
DP : IN-DP-CDSL-156-2015
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