Open Demat Account Online To Do Profitable And Quick Stock Trading

Posted by Gauri Satpute on June 26th, 2018

In order to start trading in shares and stock, you first need to have a demat or dematerialized account. This account is the means for carrying out all your trading activities and it can be opened through the assistance of a depository participant. The account can be opened with no shares or stocks in it and once opened you can begin trading with it right away. Prior to the availability of the Demat account, all stock trading was done through paper. Now this is eliminated and as a result time taken to complete a transaction happens very fast, thus making the process of stock trading very convenient.

Benefits Of Opening Demat Account Online

Once you open a Demat account online, you will be required to pay Demat account charges such as those for purchase and sale of securities, transaction fees, DP charges and account maintenance fees. Here is a look at the key benefits of opening a Demat account online:

• You can trade in various types of stock commodities using just a single account
• It offers a safe and secure means of carrying out online trnsactions
• The account can be opened online in just minutes
• Through the account, you don’t have to bother about having shares in their paper form
• The account can be accessed at any time from any location hence you can use it to trade globally
• It offers a quick and easy means of carrying out vast trading transactions quickly and efficiently

One of the key problems that people face when they were doing stock trading through paper form is that the paper would get damaged, torn or could be lost or misplaced. Furthermore, there was the possibility of fake documents being created, delivery of documents not done and paperwork being in completed. All such risks and more can be eliminated by using a Demat account.

A key problem with paper stock documents is that they carry with it high transaction costs, hence you have to pay for handling charges, stamp duty and so on. With a Demat account, such costs can be removed. Furthermore, when you have to receive funds for a transaction, the amount can be deposited in just minutes into your Demat account, but in the case of paper securities, it can take longer, hence your profit realization after a trade is slow, which also makes other activities slower.

I am Gauri and I am an online broker .. it's my passion and work and I have written many articles on the advantages of opening a Demat account online.