How to open a Trading Account?

Posted by peterr paul on May 21st, 2021

A Trading Account helps you buy and sell Shares, ETFs, and Other Financial Instruments listed on the stock market. When you open a trading account with a broker, you will be provided a trading software using which you can place buy and sell orders. Or you can also place orders via a call with the broker.

Types of Trading Account
Commodity Account: This account helps you to buy and sell financial instruments in the commodity market like Gold, Silver, Crude Oil, etc.

Equity and Currency Account: When you open a normal trading account you can transact in Equity and Currency financial instruments.

Single Margin Account:This is a combination of Equity, Currency, and Commodity Account that helps you buy and sell financial instruments conveniently in all the segments.Only a few brokers like Aliceblue offer a Single Margin Account.

How to open a Trading Account?
If your Mobile no is linked with Aadhar, you can open the Trading Demat Account online.
Follow the simple process given below:

First, visit our website and click on Open an Account.
Fill in your Name, Email, Mobile Number, and State and click on Open an Account.
Upload account opening documents.
Provide an IPV (In-person verification) by showing your PAN towards the camera along with your face.
E-sign the documents by verifying your Aadhaar with Mobile Number.
Your account will be activated within 24 hours.
Documents required to open an account:

Identity Proof (PAN Card Mandatory).
Address Proof (Aadhar, Voter ID, Passport, etc)
Passport Size Photo.
Income Proof (Latest six month's bank statement, Latest ITR copy, Three month's salary slip)
Bank Proof (Cancelled Cheque, Passbook Copy or Bank Statement with visible Bank Account Number, MICR, and IFSC code)
Scanned copy of the signature (only in case of online account opening)

Confusion to open trading account go through what is trading account will help you.