Introduction of online share trading account in India took place in 1996. Due to this, investing in shares and securities is much easier. The process is now simple and quick. The best part is that trader can operate their account from anywhere. The only thing you need is an internet access.
The benefits of online Account are many. We have discussed all the pros of online trading account in India. The post also gives an insight into buying and selling shares and opening an account.
How to Open a Trading Account
The online operation of the accounts has made the things easier for the traders. Every account has its own unique identification number. This unique number ensures a smooth transaction for all. All the trading happens online using this account. To open a trading account, select the firm or broker. Submit your application and proof of identity and residential address. Once verification is over, you will get a account. You can now login your account and start transactions.
More Info About: Open Trading Account In India
Advantages of Online Share Trading Account
There are several advantages of the online accounts in stock market. It has added convenience to the traders as well. We have picked the best benefits of online transactions in the market.
Convenience for Online Account
The Traders can access all the stock exchanges from a single digital platform. From your computers, you can trade in BSE, NSE, and MCX. This saves a lot of time and hassles on investors’ part.
Easy Access from Anywhere
No matter where are you are, you can access and operate your portfolio online. Use computers, tablets and phones to access your account.
Greater Transparency and Smooth Transactions
The advancement of online trading account ensures seamless and transparent transactions. The chances of fraudulent transactions are almost zero. The transfer of shares is possible without any efforts.
The Trade Platform is now safer than ever before. The risks of fake signature and theft of share certificates are no more. A secure platform makes it easier to invest without any fear and doubts.
Greater Control for Investors
Investors can now write off the need for agents. You have a greater control over your own portfolio. An agent’s assistance is good but not essential. Once you know the online operations, you can execute your investments. One can review all the available options online without the help of a broker.
How to Buy and Sell Online
Use your unique online account to place the Buy Order. Select any of the stock markets to place an order. As the transaction is complete, stocks will reflect in your Demat account. Use your account and refer the stock holdings. Select the stocks and numbers you want to sell. Place an order to sell on the particular stock exchange. Stocks are debit when the transaction is complete. Check your account for verifying debit and credit of the Stocks.
Online share trading account has given lots of benefits to the brokers and traders. All the requirements of the investors are present at a single place. Its very important to know how to do online account.