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Best Trading Account: Review 2017

Author: Amit Verma
by Amit Verma
Posted: Dec 13, 2017
trading account

Stock Brokers in India

Online Share brokers in India act in a proficient manner while dealing with number of investors throughout the Indian share market. Traders can commence trading in various market segments by opening a Best trading account and Demat Account with the help of top stock broker. Akin to the fact, leading online share brokers also provide Best Trading platform and Online Share trading Mobile App. You can buy and sell stocks through trading account. The share/stocks purchased and sold will be credited and debited respectively as per your trading. There is no limit applicable on the number of Demat accounts that an trader can have.

Reflecting the variation between Trading Account and Demat Account in India

By Trading Account, you can place, buy or sell orders in the Indian share market. While Demat is extended to dematerialising shares into digitalized way instead of physical paper format. The Demat account is used as a bank where shares purchased are deposited in, and stocks sold are taken from.

How to Open a Online Share Trading Account?

To move ahead in investing sector, check for the best trading account availed by the brokerage house. For that check first if the stock broker company, you are choosing os SEBI-registered

Furthermore, submit the ‘Client Registration Form’ and other documents as prescribed by SEBI - the regulator for the stock market in India. An Account Opening form and Know Your Client (KYC) documents must be submitted along with the investor’s identity card.

Documents Needed

Finest trading account requires the below given catalogs:

  • Account Opening form.
  • Photo ID proof: PAN card / Voter's ID / Passport / Driving license / Aadhaar card.
  • Address proof: Telephone bill / Electricity bill / Bank statement / Ration card/ Passport / Voter's ID / Registered lease or sale agreement / Driving license.

Advantages of Top Trading Account:

  • It is quite convenient to set up and provide online access. No physical transactions in order to buy/sell securities.
  • You can track your profitability review as it displays total profit and sale.
  • You can set your personal trading boundaries. Traders can buy/sell shares, Forex, gold ETF, ETFs, and Derivatives using a trading account.

Trading and Demat Account Charges associated with some of the Top Share Brokers in India are:

WISDOM CAPITAL

Trading Account Opening Fees Rs 0

Trading Account AMC: Rs 0

Demat Account Opening Fees: Rs 0

Demat Account AMC: Rs 700 + taxes for Lifetime

Zerodha

Trading Account Opening Fees Rs300

Trading Account AMC: Zero

Demat Account Opening Fees: Rs 100

Demat Account AMC: Rs 300

TradePlus Online

Trading Account Opening Fees: Rs 199, with service tax

Trading AMC: Rs 199

Demat Account Opening Fees: Zero

Demat Account AMC: Rs 900 for 10 years and Rs 500 for 5 years, with service tax

ICICI Direct:

Trading Account Opening Fees : Zero

Trading Account AMC: Rs 700

Demat Account Opening Fees: Zero

Demat Account AMC: Zero

ShareKhan

Trading Account Opening Fees: Classic Account-Rs 750 and Trade Tiger Account Rs 1000

Trading Account AMC: Zero

Demat Account Opening Fees: Zero

Demat Account AMC: Rs 450

About the Author

Trade N Fill is the Expert in Tax Solutions. We make it easier for you to do business. we offer services like Online GST Registration Process, ITR Filing Form with our expert team.

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Author: Amit Verma

Amit Verma

India

Member since: Dec 12, 2017
Published articles: 6

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